GM to the winners club. Crypto Nutshell Pro #101 hunkerin' in… 🐢🥜

If you’re new here, each Crypto Nutshell Pro is broken down into 2 sections:

The goal?

Help you understand exactly where we are in the cycle.

By now, you should have read through the following page: Read This First

(Click the button at the bottom of the page to continue the welcome series - there are 4 pages in total to read)

These give you a broad overview of the Crypto Nutshell Pro Portfolio and how we’re positioning for the rest of this cycle.

And in case you missed last week's Nutshell Pro, you can check that out here.

Now, let’s jump in…

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Please note that this information is exclusive to Crypto Nutshell Pro members, so refrain from sharing it. You are free to use it as you wish, whether as a starting point for your own research, as a tool to enhance your research skills, or simply to track how things unfold.</sub>

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Bitcoin's at $81,500, down 1.4% on the week.

Ethereum's at $2,430, down 2.5%.

Last week every other market went up and Bitcoin went down.

This week stocks fell hard and Bitcoin barely moved.

The Nasdaq 100 had its worst week since April 2025, chip stocks fell eight days in a row, Brent crude closed at its highest since May and America's two big inflation reports both came in hot.

Through all of it, Bitcoin lost less than 2%.

Holding steady while the AI trade cracked is the most useful thing Bitcoin's done in a while, because the AI trade is the one that's been beating it all year.

The week turned on Wednesday, when September's consumer price index came in at 3.7%, up from 3.4% in August and a tenth above forecasts.

Petrol did most of the damage, jumping 9.1% in the month, but core inflation (which strips out food and energy) also beat at 2.6%, and core is what tells the Fed whether price rises are spreading beyond petrol.

The odds of a rate hike at the Fed's October 28 decision jumped from around 22% to roughly half within minutes, per CME FedWatch.

Thursday's producer prices, what companies charge before goods and services reach consumers, were worse, rising 1.3% in a single month, the biggest jump since March 2022, and 6.3% on the year against the 5.3% economists expected.

Bitcoin dropped under $80,000 for the first time in a month, and about $948 million of leveraged bets were wiped out over 24 hours, 90% of them bets on prices going up.

The dip lasted about two hours, and by late morning in New York Bitcoin was back above $82,000, roughly where it finished the week.

ETF money didn't help much, with US spot Bitcoin funds losing about $228 million over the week by Farside's count, which leaves October about $615 million in the red.

After the hottest producer-price reading in four and a half years, you'd expect Treasury yields to jump.

Instead the 10-year yield fell, finishing the week at 5.10%, down from 5.24% a week earlier and its lowest close since late September.

Bonds shrugged off the inflation news because traders had found something scarier to worry about, and it's the same thing that kept Bitcoin's dip to two hours…