According to @EricBalchunas, his Nov 15, 2025 post on X is a personal note about morning jog views and graffiti, with no references to markets, ETFs, stocks, or cryptocurrencies; traders should not infer a trading signal from this update. Source: Eric Balchunas on X, Nov 15, 2025, tweet ID 1989691064320491797.

According to @BitMEXResearch, the account questioned whether Eric Balchunas is saying Parmalat S.p.A. has no utility and provided links to a Financial Times article and Balchunas’ X post for context, with the post published on Sep 10, 2025 (source: x.com/BitMEXResearch/status/1965842006846194106; source: ft.com/content/1f923c44-bd4c-11e0-89fb-00144feabdc0; source: x.com/EricBalchunas/status/1965551321031000561). The post contains no price data, forecasts, or trading guidance, and serves as a reference point highlighting a terminology dispute referenced by the author (source: x.com/BitMEXResearch/status/1965842006846194106).