GM to all of you nutcases. It’s Crypto Nutshell #878 floatin‘ by…🦦🥜

We're the crypto newsletter that's more clutch than a smuggler making the jump before the Empire finishes the sentence… 🚀✨

What we’ve cooked up for you today…

What’s in the Crypto Nutshell Portfolio?

BREAKING: Bitcoin Dips Below $80K as Analysts Say Profit-Taking Is on the Rise

Bitcoin didn't just dip back under $80,000.

It dragged the market's confidence with it.

That's the funny part about this level.

A few days ago, Bitcoin was pushing toward $82,500, ETF inflows were still stacking up, and everyone was starting to sound brave again.

Now BTC is around $79,600, and suddenly the mood feels completely different.

Talk about sentiment whiplash…

According to CryptoQuant, profit-taking has picked up again.

Bitcoin holders realized 14,600 BTC in daily profits on May 4, the highest level since December 10.

So yes, some people are selling into strength.

But it's not a full market-top signal either.

Current profit-taking is still around 20,000 BTC, well below the 130,000 to 200,000 BTC range CryptoQuant associates with major bull-market transitions.

The bearish side also got a bit more evidence today.

The ETF inflow streak has ended, with the latest flow table showing a -$268.5 million total outflow for May 7. BlackRock's IBIT saw -$98 million, while Fidelity's FBTC saw -$129 million.

And Coinbase didn't help the mood either.

The company reported a $394.1 million Q1 net loss, which is a pretty clean reminder that retail trading appetite still isn't here.

That doesn't mean the bull case is gone.

CoinDesk reported that Tom Lee thinks Bitcoin closing May above $76,000 would confirm the bear market is over.

So the setup is pretty simple:

If Bitcoin gets back above $80K quickly, this probably looks like normal market volatility.

If it can't, the chart might not be broken...

But the mood can change fast.

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Michael Saylor just put a number on it.

On stage at Bitcoin 2026, he laid out the endgame in 3 lines:

This is exactly what STRC is laying the foundation for. Saylor's preferred share product currently pays 11.5% yield, attracts capital from institutions like BlackRock and Fidelity, and funnels every dollar into Bitcoin.

Now scale that to a billion people.

That's the vision. STRC today is the prototype. The endgame is a global high-yield digital banking system, fully backed by Bitcoin, accessible to everyone.

Then price follows.

$10 million per coin. $200 trillion network.

An alternative for every single person on the planet.

Saylor isn't just predicting it.

He's building it. 🏗️

Today we’ll be taking a look at the amount of Bitcoin available for sale on exchanges.

Here’s how to interpret this metric:

2.68 million BTC on exchanges. 13.39% of circulating supply. Still sitting at all-time lows.

Since January, 87,698 BTC have been withdrawn - roughly $7.02 billion pulled off the open market in 2026.

Two weeks ago that figure was 82,000 BTC. The withdrawals aren't slowing down. They're compounding.

The exchange balance keeps grinding lower. Same direction. Same pace. Same indifference to what's happening on the price chart.

The gap between price action and on-chain behaviour has never been this wide during the current cycle. One of them will eventually close that gap.

History tends to side with the on-chain data. 💪

Bitcoin Dips Below $80K as Analysts Say Profit-Taking Is on the Rise. Bitcoin briefly slipped under $80,000 after tagging nearly $82,500, with CryptoQuant flagging elevated profit-taking but not yet a full bull-market transition signal.

Ripple, JPMorgan settle first cross-border tokenized Treasury redemption on XRP Ledger. Ondo, JPMorgan, Mastercard, and Ripple tested near-real-time cross-border redemption of a tokenized U.S. Treasury fund across public-chain and banking rails.

Bitwise enters tokenized funds via Superstate’s crypto carry vehicle. Bitwise will take over Superstate’s $267 million tokenized Crypto Carry Fund, marking its entry into tokenized investment products.

Spot bitcoin ETFs post five-day inflow streak totaling nearly $1.7 billion. U.S. spot bitcoin ETFs added $46 million on Wednesday, extending a five-day inflow streak to nearly $1.7 billion.

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Because what would the crypto world be without its share of memes?

Trivia Answer: A wallet that requires more than one private key or approval to move funds 🥳

A multisig wallet adds an extra layer of security by requiring multiple approvals before funds can move. Teams, treasuries, and DAOs often use multisig setups so one compromised key cannot drain everything by itself.

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DISCLAIMER: The content of this newsletter is not financial advice. This newsletter is strictly educational and is not investment advice. Please be careful and do your own research.