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What's on the menu today:
Bitcoin Sentiment Just Hit 2026 Highs… and That’s the Problem
Micron Might Be the Most Underrated AI Trade Right Now
AI Energy Needs Are Sending Bloom Energy Stock Soaring. Is Now the Time to Buy?
Bitcoin Sentiment Just Hit 2026 Highs… and That’s the Problem
Bitcoin sentiment is through the roof right now.
And that might actually be a problem.
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According to Santiment, Bitcoin is seeing 2.23 bullish comments for every bearish one on social media - the most optimistic reading of 2026 so far.
Sounds bullish, right?
Well...not exactly.
Here's why.
1/ Everyone suddenly loves Bitcoin
Crypto sentiment has completely flipped.
After months of fear, doomposting, and calls for lower prices, traders are now overwhelmingly bullish on BTC.
But there's a catch:
Historically, when social sentiment gets too positive, Bitcoin tends to do the opposite.
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Santiment noted that the two most bullish sentiment spikes earlier this year were both followed by short-term pullbacks.
Meanwhile, the most negative readings often marked local bottoms.
In other words:
When everyone is scared, opportunities tend to appear.
When everyone is excited, risk tends to rise.
2/ The data doesn't match the hype
What's interesting is that this wave of optimism is happening while institutional money is heading the other way.
Spot Bitcoin ETFs have now recorded 10 straight trading days of outflows.
Since May 15, investors have pulled nearly $3 billion from Bitcoin ETFs.
So while Crypto Twitter is celebrating, large investors are quietly reducing exposure.
That's a pretty unusual divergence.
3/ Fear is everywhere...except Bitcoin
Here's the weirdest part:
The broader crypto market is still terrified.
The Crypto Fear & Greed Index recently printed an "Extreme Fear" reading.
Some market participants are even saying sentiment feels worse than the 2022 bear market.
Yet Bitcoin-specific sentiment is at its most bullish level of the year.
It's like half the market thinks we're heading to new highs while the other half is preparing for disaster.
And that's creating a lot of confusion.
What's our takeaway?
Social media sentiment is useful - but it can also become a trap.
When everyone starts leaning heavily in one direction, markets often find a way to surprise the majority.
Right now, Bitcoin bulls are getting louder.
History suggests that doesn't always end the way they expect. 👀
Micron Might Be the Most Underrated AI Trade Right Now
AI infrastructure spending is going vertical.
And one stock is sitting directly in the middle of it.
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Micron Technology (MU) is suddenly looking like one of the clearest second-order AI winners - and the numbers behind it are getting a bit wild.
1/ AI data centers are about to spend even more
New estimates from TrendForce suggest cloud giants are ramping capex aggressively again.
We’re talking about a projected $830 billion in data center spending in 2026, with growth still accelerating - not slowing down.
That money is going straight into GPU clusters, custom AI chips, and high-performance memory systems.
2/ The hidden bottleneck: memory
Everyone talks about GPUs.
But the real constraint is memory bandwidth - specifically HBM (high-bandwidth memory).
Without it, AI chips literally sit idle waiting for data.
And demand for HBM is exploding:
Some estimates point to a 35x increase in HBM demand between 2024 and 2028.
That’s not a typo.
3/ Why Micron is suddenly in the spotlight
Micron sits right in that supply chain.
And chip design trends are making its products even more important:
Nvidia’s newest AI chips are packing far more memory per unit
HBM uses ~3x more wafer capacity than traditional memory
Supply is already tight across the industry
Translation: pricing power is improving, not weakening.
4/ The bull case (and why it’s getting loud)
Micron has already had a massive run - but the forward expectations are still aggressive.
Analysts are pointing to strong earnings acceleration into fiscal 2027 as AI demand compounds.
And here’s the key argument bulls are making:
If Micron trades at even a modest multiple of future earnings, the upside scenario gets extreme fast.
But of course - that assumes everything goes right.
5/ The reality check
This is still a cyclical business.
Memory chips have historically swung between shortages and oversupply.
Right now, we’re in a shortage cycle driven by AI demand.
The big question is simple:
How long can demand outrun new supply?
Because that’s what ultimately decides whether Micron is a “solid AI beneficiary”…
or a momentum trade that cools off when the cycle turns.
The Economy Corner
DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.