*SPOT GOLD FALLS 6.3% IN BIGGEST ONE-DAY DROP SINCE APRIL 2013
(@WalterBloomberg)

The BTC whale shorted more and is now short 2000 BTC ($225M).

https://x.com/mlmabc/status/1980682196550820347?s=46

NHL REACHES LICENSING AGREEMENT WITH POLYMARKET: WSJ

🔗 velo.xyz

Current "clash" in the Bitcoin orderbooks

Sellers (Mysterious Asian Whale & other OGs)
The 80k BTC guy down to 37k BTC (4B worth)
-> I have Arkham Alert on him, everytime he moves BTC

https://intel.arkm.com/explorer/entity/dd8becc0-ed3e-449d-921d-cc24bf76d0eb

Buyers (mostly ETFs)
BlackRock (IBIT) been carrying for now, Saylor + DATs have been broke for a bit (20m per week is not material)

I whole-heartedly believe, this Chinese "secret" entity/whale is German Government 2.0. and their sell-pressure is suppressing price, will be looking for a leverage long BTC, once they have little left

Also BTC is still correlated to TradFi, which I believe can give a bit of volatility as per few posts above (CPI this Friday, FOMC, China/USA deadlines + Earnings szn)

*TRUMP ADMINISTRATION CONSIDERING PLAN TO RESTRICT GLOBALLY PRODUCED EXPORTS TO CHINA MADE WITH OR CONTAINING U.S. SOFTWARE, SOURCES SAY

will be heading to the irl trenches for 2 weeks to touch grass

good timing to survive the chop as well

will be a bit more afk, but will be reading when i can

keeps life interesting

TRUMP PARDONS BINANCE FOUNDER CZ: WSJ

🔗 velo.xyz

Polymarket CMO Matthew Modabber has confirmed plans to launch a native POLY token and an airdrop as the predictions market adoption heats up . Bloomberg reported that Polymarket is exploring fresh funding at a valuation of up to $15 billion. — link

U.S. CPI: +3% YEAR-OVER-YEAR (EST. +3.1%)
U.S. CORE CPI: +3% YEAR-OVER-YEAR (EST. +3.1%)

BREAKING: The S&P 500 officially breaks above 6,800 for the first time in history, now up over +40% since the April 2025 bottom.

The S&P 500 has now added +$17 TRILLION of market cap in 6 months. https://t.co/K4vunA1vWU
(@TheKobeissiLetter)

JPMorgan’s latest report says Coinbase’s potential Base token could be worth up to $34 billion, creating a new monetization path alongside USDC yields and onchain trading. The bank estimates Base’s market cap between $12B–$34B, with Coinbase likely holding about 40% of supply, worth $4B–$12B in equity value. Coinbase currently earns around $400M annually from Circle’s USDC reserve interest. — link

JPMORGAN TO ALLOW INSTITUTIONAL CLIENTS TO USE BITCOIN AND ETHEREUM AS COLLATERAL: BBG

🔗 velo.xyz

CHINA AND US REACH TRADE CONSENSUS

China’s Vice Minister of Commerce Li Chenggang announced that China and the United States reached a consensus on key trade issues after “candid and constructive” talks in Kuala Lumpur.

Discussions covered export controls, tariff suspensions, fentanyl-related measures, anti-drug cooperation, trade expansion, and US Section 301 fees.

Li said both sides will now begin internal approval procedures.
(@WalterBloomberg)

1/ people don’t realise until months after that a bubble has popped

2/ fundamentals don’t decelerate immediately after the pop

3/ calling tops is a fools game

4/ "it's not a bubble if everyone says it is" is false

https://x.com/corry_wang/status/1345192541545766915?s=46&t=nluSw7cwYGx8zFxfoYi5Iw