HorseRacing
Aqueduct: Tizzy in the Sky Prevails in the Go for Wand Stakes
2024-12-07
Photo: Sophie Shore / Eclipse Sportswire showcases the moment of victory. Tizzy in the Sky, a remarkable filly, achieved her first graded-stakes win in Saturday’s Grade 3, $200,000 Go for Wand. This one-mile test was for fillies and mares aged 3 and up at Aqueduct.

Jockey Flavien Prat: A Record-Breaking Season

In this remarkable victory, jockey Flavien Prat tied a single-season stakes win record with his 79th stakes conquest of the year, matching Irad Ortiz, Jr.’s mark set in 2022. Currently, he stands at 54 graded-stakes wins this year, just one away from tying Hall of Famer Jerry Bailey’s record of 55 in 2003. Among his wins this year were the Breeders’ Cup Classic aboard Sierra Leone and Breeders’ Cup Filly and Mare Turf aboard Moira. Prat, who moved his tack to New York full time in the spring of 2022, expressed his gratitude. “It’s been a great season and I’m very grateful. It means a lot to me. Just looking back, it’s been a great year, and I hope I can get the record.”

Tizzy in the Sky’s Journey to Victory

Trained by Hall of Famer Todd Pletcher for owner KimDon Racing, Tizzy in the Sky made a successful return from a six-month respite dating back to an off-the-board finish in the Ogden Phipps (G1) on June 8 at Saratoga Race Course. The 5-year-old daughter of Sky Kingdom built on previous stakes success in the local Top Flight Invitational in April and a runner-up effort to Dr B in this event last year.As the race began, Tizzy in the Sky emerged alertly from the inside post. Stonewall Star stumbled badly to her inside, and longshot Rachel’s Rock rushed up to take the lead exiting the chute. The opening quarter-mile was covered in 22.89 seconds over the fast footing, with Tizzy in the Sky and Comparative 1 1/2 lengths back. Trainer Todd Pletcher said, “We wanted her to be forward. I thought Flavien made the right call when he opted to pop outside and stalk instead of continuing to press the pedal. That was a smart move.”Prat coaxed Tizzy in the Sky to sweep up alongside Rachel’s Rock through the half-mile in 45.75 as Comparative commenced a three-wide bid under Manny Franco. Rachel’s Rock stalled at the top of the lane, and a loaded Tizzy in the Sky stuck her head in front. However, post-time favorite Occult was finding her best stride from well off the pace and gaining quickly down the center of the course with three-quarters elapsed in 1:10.63.Occult and her Chad Brown-trained stablemate Shidabhuti passed the tiring Comparative at the eighth pole while Movie Moxy came on the scene with a strong rally to make it three new challengers to Tizzy in the Sky. Occult drew nearer in the shadow of the wire, but ran out of ground as the game Tizzy in the Sky dug in for the win in a final time of 1:35.64.

Post-Race Reflections

Pletcher was pleased with the return effort after the mare spent her time off at Burke Equine. “That was a huge effort. We sent her out to Stowe Burke’s for a little freshening in Saratoga and kind of had this in mind if everything went well. We had to rush a little bit to have her ready, but she is such a willing horse. She trains very well, and her breezes are strong with good gallop-outs. I was worried inside the eighth pole after those fractions that she could hold off some of the late closers, and to her credit, that was a big effort.”Prat said Tizzy in the Sky was able to adapt to the pace scenario when Rachel’s Rock showed the way early. “I thought I could be the pace, but we weren’t as fast as the other one outside of us, but she was right there and once we got into the turn, she was able to press on. When I turned for home, she was looking around and I was hoping she didn’t have too much momentum. At the eighth-pole, they were coming, but it felt like she regrouped well.”Pletcher added a potential target for Tizzy in the Sky could be the nine-furlong $150,000 Ladies on January 11 around two turns here. She now boasts a 5-for-8 record at the Big A. “She loves it here,” Pletcher said. “I think she is even better around two turns here, but she overcame some pace pressure today and finished up well.”Bred in Kentucky by Westrock Stables, Tizzy in the Sky is out of the Tiznow mare Tiz the Tide, with her second dam Lajitas being a half-sister to dual Grade 1-winner Colonel John. She improved her record to 13: 5-4-0 and banked $110,000 in victory while returning $8.20 on a $2 win ticket.Ortiz, Jr. said Occult, who made her first start since a runner-up effort to reigning champion older dirt female Idiomatic in the Spinster (G1) in October at Keeneland, was again admirable in defeat. “She did good to get there for second, but she just missed getting it at the end. They were going pretty fast and I thought she (Tizzy in the Sky) was going to come back a little. But she did a good job to win it. My horse is always competitive.”
"Stewart's Arqana Spree: Just the Beginning of His Ambitions"
2024-12-07
John Stewart, a prominent figure in the racing world, has made significant moves with his recent acquisitions. His approach and strategies have sparked both interest and debate.

John Stewart's Racing Journey and Impact

Signing for Prix Rothschild Runner-up

John Stewart's decision to sign for Prix Rothschild runner-up Excellent Truth (Ire) (Cotai Glory {GB}) for €1.6 million was a bold move. This acquisition added to his growing portfolio and demonstrated his confidence in the horse's potential. As he stated, "She was number one on my list so she was going home with me." This highlights his meticulous approach to selecting horses and his determination to build a strong team.The addition of this high-rated filly complements his earlier haul at Tattersalls, where he spent $8 million. It shows his ability to make significant purchases and expand his influence in the racing industry.

Bringing Diversity to the Herd

Stewart is focused on bringing diversity back to the herd in Kentucky. He believes that exporting horses for too long has led to a lack of diversity, and he is working to address this issue. By looking at the pedigrees of the horses he buys, he aims to introduce new bloodlines and strengthen the industry.This approach is not only beneficial for the horses themselves but also for the global racing community. It shows his commitment to the long-term health and sustainability of the sport.

Spending and Investing

Stewart views horses as assets in a portfolio, similar to stocks. He is not deterred by price and is willing to invest in high-quality horses. As he explained, "When you're getting into something, it costs more money but it's less risky to buy higher quality assets." This mindset has led him to make significant purchases and build a strong stable of horses.His spending this week was spurred on by the interactions with other owners. He thrives on challenges and uses them as motivation to achieve his goals. His determination to let his horses speak on the track and win races is evident in his actions.

Dealing with Doubters

Stewart has faced criticism and doubts from some in the racing community. However, he remains undeterred and continues to pursue his vision. He believes that by making bold moves and taking risks, he can bring attention to horse racing globally.His past successes against other owners, such as Mike Repole and LNJ Foxwoods, have only strengthened his resolve. He is confident in his abilities and is determined to prove his critics wrong.

Plans for Recent Additions

Stewart uses a variety of trainers for his horses. His team will carefully consider each addition and determine the best training options. For example, Village Voice is going to Chad Brown, while Vertical Blue is staying with Francis Graffard.This shows his strategic thinking and his ability to make decisions that are in the best interests of his horses. He is committed to providing the best possible care and training for each one.
See More
On-Chain Insights from Bitcoin's "Flash Crash" to $88,000
2024-12-07
The past week has been a whirlwind for the Bitcoin market, with its price action seeing highs and lows that have left investors on an emotional rollercoaster. From reaching a six-figure valuation to a sudden "flash crash" to under $90,000, Bitcoin has captured the attention of the financial world. In this article, we'll delve into the details of this eventful week and explore the on-chain lessons learned from the Bitcoin "flash crash."

Unraveling the Mysteries of Bitcoin's Price Volatility

What Happened In The BTC Futures Market?

In a recent post on the X platform, CryptoQuant's head of research Julio Moreno shed light on the "flash crash" of the Bitcoin price to around $88,800 on Thursday, December 5. A flash crash typically occurs when the price of an asset drops sharply but then quickly recovers. According to Moreno, this latest crash was triggered by a sell-off cascade and deleveraging in the BTC futures market. As the price of Bitcoin fell, open interest dwindled, indicating the liquidation of a significant number of leveraged long positions. Additionally, the funding rates, which represent the periodic payments between traders in the perpetual futures market, experienced a sharp decline. When funding rates turn negative, it suggests a bearish market sentiment, with short traders willing to pay a premium. Moreno noted that the declining funding rates signaled that the prices of perpetual futures were falling faster than spot prices, potentially indicating that traders expected further bearish pressure in the short term.

This event in the BTC futures market highlights the interconnectedness and volatility of the cryptocurrency market. It shows how a single event can have a ripple effect across different market segments and how traders need to be vigilant in monitoring these trends.

Understanding these dynamics is crucial for investors looking to navigate the unpredictable world of Bitcoin. By analyzing the behavior of the futures market and its impact on spot prices, traders can make more informed decisions and manage their risks more effectively.

An on-chain observation that stood out from the post of CryptoQuant’s head of research is that the spot demand remains strong despite the weak futures market dynamics.

This observation is based on the Coinbase Premium metric, which tracks the price difference between Coinbase (a spot exchange) and other exchanges (usually futures-dominated). According to Moreno, the premium has grown stronger in the positive territory, indicating a strong buying interest among US investors. This suggests that despite the turmoil in the futures market, there is still a significant demand for Bitcoin on the spot market.

The resilience of spot demand in the face of a weak futures market is a positive sign for the long-term viability of Bitcoin. It shows that there are underlying forces driving the demand for Bitcoin, even in times of market uncertainty.

Moreover, this observation highlights the importance of looking beyond the futures market when analyzing the overall health of the Bitcoin ecosystem. Spot markets play a crucial role in providing liquidity and stability, and a strong spot demand can help cushion the impact of volatility in the futures market.

Bitcoin Price At A Glance

As of now, the price of BTC is just below the $100,500 mark, showing a 2% increase in the past 24 hours. According to data from CoinGecko, Bitcoin now boasts a market capitalization north of $2 trillion.

The daily price chart of BTC on TradingView provides a clear picture of the recent price movements. It shows the highs and lows of the past week and how the market has been reacting to various events.

With such a significant market capitalization and a continued upward trend, Bitcoin remains a dominant force in the cryptocurrency space. However, it is important to remember that the market is highly volatile and subject to sudden changes. Investors need to stay informed and adapt to these changes to make the most of their investments.

See More