Joined March 2009
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Fun Fact: There is a connection between MSCI and the 🇨🇳 Chinese Communist Party. A US House Select Committee concluded MSCI channeled $3.7B into red-flagged entities in 2023. reuters.com/business/finance…
Also, in 2013, JPMorgan was found to have hired children of China’s ruling elite, according to internal documents obtained by Federal authorities. archive.nytimes.com/dealbook…
Oct 10th:
14:57 UTC: Trump teases "very strange things" in China.
20:34: MSCI (w/ ties to 🇨🇳CPP) drops DAT consultation, targeting Bitcoin TCs, $MSTR
20:50: Trump blasts 100% tariffs on Chinese imports
21:00: Binance volatility spikes; flash crash begins
xitter.cf/KobeissiLetter/status/…
The crypto collapse:
On October 6th, just 45 days ago, Bitcoin hit a record high of $126,272, worth $2.5 trillion.
Then, something "mechanical" seems to have shifted on October 10th, after President Trump threatened 100% tariffs on China.
Not only did this lead to the record -$19.2 billion liquidation, but Bitcoin never truly recovered.
Even when the October 30th trade deal was reached between the US and China, liquidation pressures only worsened.
Then, since November 10th, Bitcoin has moved in a literal straight-line lower with average daily liquidations nearing $1 billion.
Throughout the course of this 45-day bear market, crypto has seen little to no bearish fundamental developments.
We continue to believe this is a mechanical bear market driven by excessive levels of leverage and sporadic liquidations.
The market is efficient. It will iron itself out.
🇨🇳 Coincidences Oct 10th:
14:57 UTC: Trump teases "very strange things" in China.
20:34: MSCI (w/ ties to 🇨🇳CPP) drops DAT consultation, targeting Bitcoin TCs like $MSTR.
20:50: Trump blasts 100% tariffs on Chinese imports
21:00: Binance volatility spikes; flash crash begins
🇨🇳 Coincidences Oct 10th:
14:57 UTC: Trump teases "very strange things" in China.
20:34: MSCI (w/ ties to 🇨🇳CPP) drops DAT consultation, targeting Bitcoin TCs like $MSTR.
20:50: Trump blasts 100% tariffs on Chinese imports
21:00: Binance volatility spikes; flash crash begins
The crypto collapse:
On October 6th, just 45 days ago, Bitcoin hit a record high of $126,272, worth $2.5 trillion.
Then, something "mechanical" seems to have shifted on October 10th, after President Trump threatened 100% tariffs on China.
Not only did this lead to the record -$19.2 billion liquidation, but Bitcoin never truly recovered.
Even when the October 30th trade deal was reached between the US and China, liquidation pressures only worsened.
Then, since November 10th, Bitcoin has moved in a literal straight-line lower with average daily liquidations nearing $1 billion.
Throughout the course of this 45-day bear market, crypto has seen little to no bearish fundamental developments.
We continue to believe this is a mechanical bear market driven by excessive levels of leverage and sporadic liquidations.
The market is efficient. It will iron itself out.
Level39 retweeted
What a cool insight from @level39 and @FlashCharts:
$MSTR is tracking BTC/Gold 🤯
Makes a ton of sense @dgt10011 @LynAldenContact
🧵1/ Lockheed Martin Skunk Works may be on the cusp of announcing a CFR (Compact Fusion Reactor). If true, it would usher in an era of clean, stable, cheap, compact and virtually limitless power. It would also completely transform Bitcoin mining. Let's dive in and explore how.⚡️
22/ Bitcoin will almost certainly be powered by compact fusion reactors in our lifetime. The time to begin envisioning the impacts of CFR on Bitcoin, AI and energy grids around the world starts now.
23/ UPDATE: No CFR was announced. But, make no mistake, CFR will almost certainly be a reality in our lifetime and its introduction will fundamentally change Bitcoin forever. xitter.cf/LockheedMartin/status/…