The most dangerous sentence in Bitcoin right now:
"I'm just waiting for Q4. That's when the bottom comes. It's always been like that in the four-year cycle."
That's exactly where I'd get cautious.
Picture a train that only runs once every four years. Destination: Bull Market
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BlackRock's Bitcoin ETF had its second-best week ever. 22.5% in five days.
It missed the all-time record (Feb 2024, 23.42%) by less than a full point.
Bitcoin itself went from under $63,000 on Monday to $79,500 by Friday. Up 22.7% on the week. If it holds, that's BTC's best


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BlackRock's Bitcoin ETF had its second-best week ever. 22.5% in five days.
It missed the all-time record (Feb 2024, 23.42%) by less than a full po...

MSTR to $1000 w/ Robin Seyr 
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MSTR to $1000 w/ Robin Seyr
They keep intervening whenever markets get shaky โ but what does that mean for price discovery, free markets, and the currency?
Watch the full episode:

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They keep intervening whenever markets get shaky โ but what does that mean for price discovery, free markets, and the currency?
Watch the full e...
Happy Friday! ๐โโ๏ธ
Today: The Friday Stack, our weekly wrap of everything that actually mattered in Bitcoin and markets this week.
If you missed anything, this is the hour where it all comes together.
12:30 ET. See you there.


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The Friday Stack
The next pullback decides everything: bear market rally, or the start of something new.
Here's the level that matters.
Last cycle, price reclaimed the short-term holder cost basis, then came back down to retest it successfully. That retest held. Then the real bull market
$2.28 billion in Bitcoin shorts have been liquidated since Wednesday, per @Coinglass.
Wednesday alone was the biggest short squeeze in $BTC history, in dollar terms.


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$2.28 billion in Bitcoin shorts have been liquidated since Wednesday, per @Coinglass.
Wednesday alone was the biggest short squeeze in $BTC histor...

$2.28 billion in Bitcoin shorts have been liquidated since Wednesday, per @Coinglass.
Wednesday alone was the biggest short squeeze in $BTC history, in dollar terms.


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$2.28 billion in Bitcoin shorts have been liquidated since Wednesday, per @Coinglass.
Wednesday alone was the biggest short squeeze in $BTC histor...

We're living through the third-best August in Bitcoin's history right now.
That shouldn't be happening. August is historically one of Bitcoin's weakest months, seasonally.


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We're living through the third-best August in Bitcoin's history right now.
That shouldn't be happening. August is historically one of Bitcoin's we...

The US national debt just crossed $40 trillion.
The first trillion took 205 years to accumulate. The last one took 152 days.


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The US national debt just crossed $40 trillion.
The first trillion took 205 years to accumulate. The last one took 152 days.

BITCOIN BACK | SATA AT PAR | DIGY11 ETF LAUNCH 
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BITCOIN BACK | SATA AT PAR | DIGY11 ETF LAUNCH
๐๏ธ TODAY: Treasury Talks & everything moving in Bitcoin right now.
@samcallah, Director of Strategy & Research at @ORANJEBTC, joins us.
If you're serious about understanding where Bitcoin treasuries are headed, this is the hour to be watching.
12:30 ET. Going live shortly.
US Bitcoin spot ETFs just pulled in $517 million yesterday. Their best single day since early May.๐๐


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US Bitcoin spot ETFs just pulled in $517 million yesterday. Their best single day since early May.๐๐

Time to pull out the crystal balls for the question everyone's actually asking right now:
Is the Bitcoin bottom already in, or is there more downside coming?
If you think we're going lower: drop your number. Where's the bottom, exactly?
Bitcoin broke out, and a massive short squeeze poured gasoline on it.
Billions in short positions got liquidated within hours. Forced buying kicked in as traders scrambled to close, which pushed the price even harder.
Meanwhile, on-chain data shows something worth watching:


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Bitcoin broke out, and a massive short squeeze poured gasoline on it.
Billions in short positions got liquidated within hours. Forced buying kicke...

The market hates uncertainty.
Before major events like interest rate decisions or inflation data, traders often wait on the sidelines. That uncertainty creates consolidation and sideways price action.
Once the news is released and the market digests it, the real directional

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The market hates uncertainty.
Before major events like interest rate decisions or inflation data, traders often wait on the sidelines. That uncert...
The 4-year cycle is doing exactly what it always does.
Quick reminder, because people forget this every single time:
The 2022 bear market ended with a short squeeze that came out of nowhere. Price had been stuck between $15,000 and $20,000 for weeks. Nobody was watching


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The 4-year cycle is doing exactly what it always does.
Quick reminder, because people forget this every single time:
The 2022 bear market ended w...

Tomorrow on the Daily Stack Show: Treasury Talks and everything moving in the Bitcoin world right now.
Our guest is someone whose research the market actually moves on: Sam Callahan (@samcallah), Director of Strategy & Research at @ORANJEBTC.
12:30 PM ET tomorrow.


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Tomorrow on the Daily Stack Show: Treasury Talks and everything moving in the Bitcoin world right now.
Our guest is someone whose research the mar...

Bitcoin jumped over 8% in a single day. Here's the actual mechanism behind it, because it's more interesting than "number go up."
The US Treasury announced today it's doubling its long-term bond buyback program. From a max of $2B to at least $4B per operation, starting September


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Bitcoin jumped over 8% in a single day. Here's the actual mechanism behind it, because it's more interesting than "number go up."
The US Treasury ...

๐ Congratulations to @Garorant, winner of our 50,000-sat Community Giveaway!
More giveaways are coming. Join the community for updates and your chance to win:


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๐ Congratulations to @Garorant, winner of our 50,000-sat Community Giveaway!
More giveaways are coming. Join the community for updates and your...
