The Wolf Of All Streets

“Jason from Blockworks on the sequence of triggers that he thinks started this bull market "August 28th, nine days ago, Treasury doubles the size of the long end liquidity support buybacks from 2 billion to 4 billion. Bitcoin touches 80 or 81k, and that's roughly where we're flirting around today. Then step two was a huge $2.7 billion short squeeze." "The important thing that happened after that, which I don't think people have talked enough about, is that mainstream financial media, Reuters, the Journal, the Financial Times, started to put Bitcoin back into the story. Crypto Twitter might say these folks don't matter, but the large hedge funds and capital allocators are reading them every single morning." "And it wasn't just a story about prices, it was a story about the debasement trade. Bitcoin as a debasement trade is completely back on the table after not being in the conversation for a year and a half." "Alongside that, Washington has completely changed their stance on crypto. Clarity stalled out, but the SEC and CFTC moved forward with agency level policy. And the backdrop is that the onchain economy never really had a bear market. Peak to trough for stablecoins last cycle was a 30% drawdown, this cycle it was 4%. You've got this onchain economy booming and a macro fuse that lit the box of tinder. This is the very beginning of a bull market."”

“Jason from Blockworks says AI is having its 2021 crypto moment, and a reckoning is coming "I actually believe AI is going through the moment that happened to crypto in 2021, where everything caught a bid. Celebrities were launching not only NFTs but their own chains. If you put blockchain in the name of your company you could raise a round. That's happening with AI right now." "There will be a reckoning, I promise you. And then in a couple of years the best companies in AI will be a hundred times larger than they are today. But there has to be the reckoning." "We just had the reckoning in crypto. There will be some amazing companies to buy in crypto. I think Bitcoin will do extremely well, I think HYPE will do well, a lot of my portfolio is still Solana." "There are some really good companies that will do well and come out of this reckoning, but it won't be one big trade like it was last time."”

“Jason from Blockworks says AI is having its 2021 crypto moment, and a reckoning is coming "I actually believe AI is going through the moment that happened to crypto in 2021, where everything caught a bid. Celebrities were launching not only NFTs but their own chains. If you put blockchain in the name of your company you could raise a round. That's happening with AI right now." "There will be a reckoning, I promise you. And then in a couple of years the best companies in AI will be a hundred times larger than they are today. But there has to be the reckoning." "We just had the reckoning in crypto. There will be some amazing companies to buy in crypto. I think Bitcoin will do extremely well, I think HYPE will do well, a lot of my portfolio is still Solana." "There are some really good companies that will do well and come out of this reckoning, but it won't be one big trade like it was last time."”

“The Fed Could Blow Up Bitcoin’s Breakout Today https://t.co/lJwAxhsf2P”

“GLASSNODE SAYS $BTC FACES A SUPPLY WALL AT $81K–$86K WHERE LTH BREAKEVENS, SELF-CUSTODY COST BASIS, OPTIONS HEDGING AND SHORT-LIQUIDATION LEVELS CONVERGE”

“CRYPTOQUANT FOUNDER KI YOUNG JU: “THE BITCOIN BEAR CYCLE IS OVER.” https://t.co/nGA6htrkNy”

“This is bullish. Massive sell walls are used to hold price down while someone accumulates.”

“Bitcoin TESTS $80K as Wall Street Turns More Bullish Discussing Live @ 9 AM EST https://t.co/CD4B3LRUNC https://t.co/gt51IxfzZK”

“Ledn co-founder Mauricio on what happens to Bitcoin loans after a big rally "Bitcoin's up 20 some percent over the last week. What usually happens after a big pump like this, what we see at Ledn, is playing out textbook based on previous cycles." "Immediately after the run up, we see a lot of the people who took loans to buy Bitcoin in the expectation of a move reach their targets. Many people were taking a loan at 60 saying, I'm going to buy Bitcoin and close this loan when it hits 80. Eighty is reaching, and we're seeing some of those loans take profits." "Then weeks after the bump, people start feeling comfortable with their new wealth. Say you had $80,000 and now you have $110,000. We start seeing people come in and borrow against that newly appreciated Bitcoin to renovate their kitchen, to take a trip, to buy another asset." "So I expect to see originations picking up in the weeks to come from Ledn's perspective."”

“BLACKROCK HEAD OF DIGITAL ASSETS ROBERT MITCHNICK ON BITCOIN $BTC: “IT’S GOING TO KEEP GROWING BECAUSE WE KEEP EXPANDING THE ACCESS,””

“Bitcoin spent a historically long stretch in fear, and one week of greed is not the top "Crypto greed gauge hits highest since just before October's nineteen billion wipeout. I am seeing this narrative everywhere and it drives me absolutely nuts." "Bitcoin spent a historically long period in fear. If you were looking at the sentiment index it was fear, slight spikes out, extreme fear, for months at a time, something that had never happened before. We finally exit fear and get into greed for the first time, and you already have the crypto media talking about the October nineteen billion dollar wipeout and how this is exactly the same." "Take a look back at the crypto fear and greed index then, and you will notice we were in a raging bull market with Bitcoin going all the way up to one hundred twenty six thousand. Much like how we have been in fear here, we had a long sustained period of greed and extreme greed." "We just got there. This is just the beginning of a sentiment shift, and it is disingenuous to compare it to the top of the entire bull market. Much like RSI can stay overbought for a very long time when things get going, so can greed sentiment remain elevated. I think this is a bullish narrative and not a bearish narrative."”

“Kalshi has Bitcoin reclaiming 100k by January 2027 at 29%, so sentiment isn't near bullish yet, which means there's still fuel here "When will Bitcoin cross 100k again on Kalshi? Still very little confidence of that, even after all of this. We have a 29% chance that it happens by January 2027, which is still relatively soon." "Back here, and this is not that long ago, just in May, people really believed it was going to 50 something percent chance. So we're nowhere near even the high sentiment that this bull market is back." "Looking at how people are actually placing their bets, that means there could still be some more fuel here. If that was 75%, I would be very worried." Austin: "Especially on short term price moves, you've got to fade the crowd." "On the flip side of the coin, if you're a long term investor, don't even look at that stuff. Just keep DCAing. The worst thing you can do is change ..."”

“"Why is Cardano up as much as Bitcoin right now?" Austin Campbell on why he's fading most of the alt moves in this market "I feel pretty good about Bitcoin, and pretty good about some of the high quality alts like Hype. I feel really bad about the rip being extreme in some of the altcoins on the back of this, because nothing has changed fundamentally, it's just a sympathy and correlation rally" "It's worth saying out loud that you might want to be long Bitcoin and fading some of the alt moves in this market if you really believe the inflation" "I feel good about Bitcoin, I probably feel good about growing stablecoin notionals. I'm not sure I love a lot of the alts here, especially those where tokenization is not happening in conjunction" "Something that has no utility and no fundamental way to value it is maybe an easy fade, because it just caught a bid in the nonsense and went up more because there was zero liquidity on it. I know people are going to be angry, but I'm looking at the screens and I'm like, why is Cardano up as much as Bitcoin right now?"”

“JUST IN: BERNSTEIN PREDICTS $BTC WILL HIT $300K BY 2030 LONG-TERM TARGET REMAINS AT $1M BY 2033, DRIVEN BY INSTITUTIONAL DEMAND AND CURRENCY DEBASEMENT”

“The same signals that marked the bottom are now showing up as signs of a local top "A lot of the signals we saw that were very key signs of a bottom are now showing up as key signs of a local top. I do not think this move is over, I'm just getting excited to hopefully buy some dips as price drops here. Bitcoin has a tendency not to give you the dips you want, but that's what I'm looking for" "Those signals are overbought RSI now. We had almost historically high RSI on the daily chart. We're seeing bearish divergence with overbought RSI on lower timeframes, meaning strength abating even as price continued up" "And we're at key levels of resistance. The 50 moving average on the weekly chart, we basically went right up to it and got rejected. That's the kind of area you'd be looking for price to retrace below, to gather up strength to go back above"”