AgentCanary/The Record/2026/May/May 25, 2026
THE RECORD · DAILY ARCHIVE

May 25, 2026 — The Record

Risk Gauge: 72/100 · Phase: EXPANSION · 4 briefs · 6 top movers

0 50 100
72
/ 100
HIGH
HIGHEXPANSION
Risk 72/100 · 6 movers
4 BRIEFS · CHRONOLOGICAL · ALL TIMES UTC MON 25 MAY 2026
03:15
RADAR
MACRO RADAR 03:15 UTC #

MACRO RADAR — May 25

Risk 72/100 · 6 movers

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MACRO RADAR — May 25, 2026 Built for autonomous systems. Useful for humans.

MACRO OVERVIEW

Risk Gauge: 72.1/100 (High). Phase: EXPANSION. Composite Risk: 39.5/100 (MODERATE). Geopolitical risk: 33/100 (MODERATE). Top: Russia-Ukraine 44/100 (MODERATE, palladium bullish).

CRYPTO

BTC: $77,063 · ETH: $2,100 · SOL: $85.23 Crypto sentiment: 30 (Fear, 7d avg 27) (rising).

LIQUIDITY & CREDIT

Global CB Liquidity: $18.08T (YoY -2.87%) — fed $6.71T · ecb $7.18T · boj $4.18T US M2: $22.69T (YoY +4.57%) HY Credit Spreads: 278bps NORMAL (composite: CAUTION) BDRY: $12.68 (+14.6% 30d, DOWN — BULLISH_SHIPPING). Oil: SUPPLY_TIGHTENING, crude 445.0M bbl, refinery 91.6%, SPR 374M.

KEY PRICES

SPY +0.6% | QQQ +0.6% | VIX -0.4% | TLT +0.9% | DXY -0.3% | OIL flat

OVERNIGHT vs US CLOSE

▲ RGTI: +19.9% ▲ BB: +18.9% ▲ UMAC: +13.4% ▲ QCOM: +11.6% ▲ INFQ: +11.2% ▲ F: +9.2%

HEGEMONY SNAPBACK

2.5/6 — WATCH USD Index 119.28 (R), Gold $4509 (Y), Oil $112 (R)

NOTABLE Z-SCORES

[+] USD Index (broad): +2.24σ [+] 10Y Real Rate: +2.03σ [-] 10Y Breakeven Inflation: -2.01σ [+] WTI Crude Oil: +1.75σ [+] 30Y Mortgage Rate: +1.73σ

US OPEN SETUP

Tech leadership with defensive utilities bid suggests cautious optimism heading into US open. Watch for crypto correlation breaks and whether semiconductor strength can broaden into broader tech.

JSON

{"regime":"EXPANSION","riskGauge":72.1,"compositeRisk":39.5,"geoRisk":33} api.agentcanary.ai/api/docs npm i agentcanary-mcp Not financial advice
09:15
SIGNAL
SIGNAL SCAN 09:15 UTC #

SIGNAL SCAN — May 25

Risk 72/100 · 6 movers

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SIGNAL SCAN — May 25, 2026 Built for autonomous systems. Useful for humans.

SNAPSHOT

Risk-on tenor with semiconductors and cyclicals leading while crypto faces selling pressure. Tech rotation accelerating as defensive sectors underperform, energy pulling back on supply concerns. BTC at $77,035, above $75K. Crypto sentiment: 30 (Fear, 7d avg 27) (rising). Equity sentiment (CNN F&G): 58.6 (Greed), 7d avg 63.2, 30d avg 68.5. BTC ETF flows: -$105M outflow on May 25 (Mon close), after -$1.3B outflow trailing 5-trading-day.

SECTOR STRENGTH

Top sectors: SMH +2.1%, URA +1.9%, XLU +1.9%, XLC -0.6%, XLP -0.8%. 1. Semiconductors (SMH +2.1%) — strong 2. Uranium (URA +1.9%) — bid 3. Utilities (XLU +1.9%) — rotating 4. Comm Services (XLC -0.6%) — weak 5. Consumer Staples (XLP -0.8%) — weak

MACRO RISK DASHBOARD

Pre-market — tradfi reflects Fri close, crypto live. Risk Gauge: 72.1/100 (High). Phase: EXPANSION. SPY +0.6% | QQQ +0.6% | VIX -0.4% | TLT +0.9% | DXY -0.3% | OIL flat Composite Risk: 38.5/100 (MODERATE). CAPE: 42.0 (BUBBLE_TERRITORY, 99th %ile, +146% vs mean). Geopolitical risk: 40/100 (MODERATE). Top: Middle East / Red Sea 51/100 (ELEVATED, oil bullish).

RATES + CYCLE

ICSA: 209K (DOWN trend, -0.17z) Business cycle: LEI 99.85 (STABLE), claims ↓209K, 2s10s +0.43. Fed pricing: 1.8 × 25bp hikes priced (HIKES_PRICED); 10Y breakeven 2.40% (NORMAL).

FORWARD SCENARIOS

SCENARIO A (33%) — Tech Rally Extension SPY: $767.61-782.26 (+3-5%) QQQ: $752.78-773.93 (+5-8%) BTC: $80,819-84,603 (+5-10%) SCENARIO B (33%) — Crypto Decoupling BTC: $83,089-88,386 (+8-15%) TLT: $82.18-83.85 (-3 to -1%) QQQ: $696.39-710.49 (-3 to -1%) SCENARIO C (34%) — Defensive Rotation TLT: $87.18-88.84 (+3-5%) DXY: 99.98-101.93 (+1-3%) SPY: $723.67-730.99 (-3 to -2%)

NARRATIVES

↑ Utilities★: 0.572 (Δ +0.072, CORE) ↑ Consumer Staples★: 0.562 (Δ +0.062, MIXED) ↑ Consumer Tech★: 0.557 (Δ +0.057, CORE)

BIG MOVES + DRIVERS

Top movers: KWEB -4.3%, MORPHO +4.2%, DOT -3.9%, SUI -3.8%, SOXX +3.3%, BRENT -3.2%. KWEB $26.91 (-4.3%) — China internet sector faces regulatory overhang and growth concerns MORPHO $2.23 (+4.2%) — DeFi protocol momentum amid lending market expansion DOT $1.24 (-3.9%) — Polkadot ecosystem faces developer activity slowdown concerns SUI $1.02 (-3.8%) — Profit-taking after recent Layer-1 narrative run SOXX $537.33 (+3.3%) — Semiconductor strength on AI infrastructure demand thesis BRENT $100.21 (-3.2%) — Supply outlook shifts weigh on crude complex Tech hardware advances while crypto retreats, energy softens on supply dynamics

POSITIONING

BTC ETF flows (DefiLlama, issuer-reported): -$105M outflow on May 25 (Mon close) (IBIT -$69M, FBTC -$36M). Trailing 5-trading-day net: -$1.3B outflow. Gold (COMEX): +94.4K net, Δ -6.2K (HEAVY_LIQUIDATION) Copper #1 (COMEX): +75.0K net, Δ +1.5K (ADDING_LONGS)

INTEL

▲ Fed Rate Cut Expectations from Iran Deal Progress [BTC, SPY, TLT, BRENT] ▼ Crypto Market Structural Weakness [BTC, ETH, SOL, XRP] ▼ China-EU Trade Tensions and EM Pressure [KWEB, EEM, FXI, ASHR] Congress (last 3 pages): 19 buys / 17 sells [R:1B/2S, D:18B/15S]. Top: QCOM(2), ETOR(1), NVDA(1).

IMPLICATION

The semiconductors-led tech rotation signals conviction in AI infrastructure themes while crypto ETF outflows suggest institutional risk reduction. Watch for semiconductor momentum to broaden into broader tech leadership, with utilities bid suggesting defensive hedging remains active. Energy weakness creates potential oversold setup if supply concerns prove transitory.

JSON

{"regime":"EXPANSION","riskGauge":72.1,"cape":42.04,"equitySentiment":58.6} api.agentcanary.ai/api/docs npm i agentcanary-mcp Not financial advice
15:15
PULSE
MARKET PULSE 15:15 UTC #

MARKET PULSE — May 25

Risk 72/100 · 6 movers

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CRYPTO

BTC: $77,063 — 1d:ACCUMULATION · 4h:DISTRIBUTION · → trend-fade · above $75K ETH: $2,100 — 1d:ACCUMULATION · 4h:BEAR_REGIME · → trend-fade SOL: $85.23 — 1d:ACCUMULATION · 4h:BEAR_REGIME · → trend-fade Crypto sentiment: 30 (Fear, 7d avg 27) (rising).

WHALE ALERTS

• 1,404 BTC ($107.7M) — transferred from unknown wallet to #Falconx

STABLECOIN WHALES

• 200M USDT ($200M) — transferred from #Bitfinex to Tether Treasury • 140M USDT ($140M) — transferred from Tether Treasury to #Bitfinex • 129M USDC ($129M) — transferred from #Aave to unknown wallet FUNDING ARB (cross-exchange symbols, OI>$5M, |spread|<1%) • LAB: 77% net APR (0.035% rate) · Long Binance / Short Bitget · OI $60.6M · Spread -0.22% • SUI: 41% net APR (0.0378% rate) · Long Bybit / Short Bitget · OI $53.0M · Spread +0%

OPEN INTEREST

Total OI (top 43 perps): $104.2B Top OI: BTC $54.2B · ETH $31.2B · SOL $5.4B · HYPE $2.9B · XRP $2.8B OI shifters (4h): AKT +10.0% · FIL +5.6% · NEAR -4.3% · LTC +3.8% · ONDO +3.4%

POSITIONING

BTC ETF flows (DefiLlama, issuer-reported): -$105M outflow on May 25 (Mon close) (IBIT -$69M, FBTC -$36M). Trailing 5-trading-day net: -$1.3B outflow. BTC options — NEUTRAL: max pain $77,000 (25MAY26), P/C 0.7 OI / 1.11 vol. Perp funding (8h, cross-exchange mean): BTC +0.0311% (11/21 positive). Whale positioning (Hyperliquid, top 3 by notional): BTC: $112M long / $63M short (net long $49M, -$2.5M PnL); HYPE: $32M long / $67M short (net short $35M, -$13.3M PnL); ETH: $30M long / $53M short (net short $23M, +$1.8M PnL). Liquidations: 24h total $58.4M; latest 4h $4.9M (93% long / 7% short, 298L/72S events, long-dominant). ETH stake APY 2.36% vs T-bill 3.59% (spread -1.23, TBILL_FAVORED).

SCENARIO

↑ Late Cycle · ↑ Recession · ↑ Goldilocks · ↑ Stagflation · ↑ Hegemony · ↑ Displacement

INTEL

▲ Iran Deal Rate Cut Optimism [SPY, BTC, BRENT, GLD] ▼ Crypto Technical Deterioration [BTC, ETH, SOL, XRP] ▼ ECB Inflation Revision [EUR, EFA, GLD]

IMPLICATION

Intraday flows favor defensive tech positioning over risk assets. Semiconductor strength suggests AI infrastructure demand remains intact while crypto distribution accelerates. Watch for utilities continuation as safe-haven rotation builds momentum. Energy weakness may create tactical entry points if oversold.

JSON

{"btc":77035,"cryptoSentiment":30,"regime":"EXPANSION"} api.agentcanary.ai/api/docs npm i agentcanary-mcp Not financial advice
21:15
WRAP
MARKET WRAP 21:15 UTC #

MARKET WRAP — May 25

Risk 72/100 · 6 movers

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MARKET WRAP — May 25, 2026 Built for autonomous systems. Useful for humans.

DAILY SYNTHESIS

Growth sectors reasserted control with semiconductors leading while crypto found footing despite persistent institutional outflows. The defensive bid that dominated recent sessions gave way to renewed appetite for risk assets. Tomorrow's setup hinges on whether tech momentum can sustain without institutional crypto participation.

CLOSING PRICES

SPY +0.6% | QQQ +0.6% | VIX -0.7% | TLT +0.9% | DXY -0.1% | OIL flat

vs MORNING

SPY flat | QQQ flat | VIX -0.3% | TLT flat | DXY +0.2% | OIL flat

EVENING NEWS

▲ BitMine Immersion Technologies lands on preliminary Russell 1000 list, eyeing billions in passive fund inflows ▲ D-Wave Stock Skyrockets 62% After Q1 Earnings: Time to Buy QBTS? ▼ Netanyahu declares war on Hezbollah amid rising tensions with Lebanon ▲ Bitcoin Crash Warning Emerges as Analyst Sees Bearish Cycle ▼ XRP Faces Pressure as Bitcoin Dominance Tightens Market Grip

SCENARIO SHIFTS

↑ Late Cycle · ↑ Recession · ↓↓ Goldilocks · ↑ Stagflation · ↑ Hegemony

REGIME CHECK

Risk Gauge: 72.1/100 (High). Phase: EXPANSION.

SECTOR CLOSE

Top sectors: SMH +2.1%, URA +1.9%, XLU +1.9%, XLC -0.6%, XLP -0.8%. Sector dispersion: 57 (HIGH, breadth BROAD_STRENGTH), 81% positive 1w.

UPCOMING — HIGH IMPACT

[USA] Conference Board Consumer Confidence Index(May) — May 26 14:00 UTC (prev: 92.8) [UK] Consumer Price Index (YoY)(Apr) — May 27 06:00 UTC (prev: 3.3%) [FRA] Composite Consumer Confidence Index(May) — May 27 06:45 UTC (prev: 84) [USA] Last week's Red Book Commercial Retail Sales (YoY)(to 0518) — May 27 12:55 UTC (prev: 8.1%) [CAN] GDP(MoM)(Feb) — May 28 00:03 UTC (prev: 0.1%) [FRA] Producer Price Index (MoM)(Apr) (+1 variants) — May 28 06:45 UTC (prev: 2.0%)

CONTRARIAN

• KWEB's -4.3% drop may be overdone given UOB's assessment that AI tailwinds are offsetting conflict drag in Asia • BRENT's -3.2% decline despite Netanyahu declaring war on Hezbollah suggests energy markets are pricing recession over supply disruption risk

JSON

{"regime":"EXPANSION","riskGauge":72.1,"sectorDispersion":57,"breadth":"BROAD_STRENGTH","topSector":"SMH"} api.agentcanary.ai/api/docs npm i agentcanary-mcp Not financial advice

72H TRACK RECORD

4 of 4 scored · 2026-05-28

HIT
3
PARTIAL
1
MISS
0
MACRO RADAR
Regime EXPANSION held all day
HIT
SIGNAL SCAN
Scenario C “Defensive Rotation” landed 0/3
PARTIAL
MARKET PULSE
3/3 crypto directional calls hit
HIT
MARKET WRAP
Regime EXPANSION held overnight (no SPY data for direction check)
HIT