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GM to all of you nutcases. It’s Crypto Nutshell #718 ridin’ shotgun… 🚙🥜

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What we’ve cooked up for you today…

  • 😱 The September curse

  • 🥇 Gold runs first, Bitcoin follows

  • 📉 Historic low?

  • 💰 And more…

Prices as at 3:45am ET

THE SEPTEMBER CURSE 😱

BREAKING: Crypto Market Wipes Out September Gains as Bitcoin Barely Hangs On

September’s curse is alive and well…

In just 48 hours, crypto has been rocked by a wave of forced selling - over $1.1B in liquidations as Bitcoin slipped under $109K and Ethereum tumbled below the key $4K level.

Altcoins? Wrecked.

Solana and Dogecoin have both cratered more than 20% this week, making them the hardest hit among majors.

The damage wasn’t just on-chain.

In equities, Michael Saylor’s Strategy plunged 10%, wiping out its 2025 gains in a single session.

Ethereum treasuries like BitMine and miners like Riot and MARA all followed lower.

When crypto bleeds, everything tied to it does too…

So what’s behind the selloff?

It’s the classic cocktail: overstretched longs, regulatory caution, and the looming event risk of a $22B Bitcoin options expiry tomorrow.

Bears have stacked heavy bets between $95K and $110K - and if Bitcoin can’t claw back above that line, sellers walk away with a $1B payday.

Glassnode put it bluntly: the market’s showing “signs of exhaustion.”

After 1,030 days, this cycle is already brushing up against the lifespan of the last two bull runs.

ETF flows have cooled, long-term holders are taking profits, and momentum indicators are flashing weakness.

But here’s the twist: it’s not all red.

U.S. spot Bitcoin ETFs still logged $241M of inflows on Wednesday.

That doesn’t look like panic - it looks like cautious capital waiting for the other side of expiry.

And if history is any guide?

Red September is usually followed by Uptober.

Bitcoin has closed green in 10 of the last 12 Octobers, often with monster rallies.

For now, Bitcoin sits at a knife’s edge.

One slip, and the entire month flips red.

One bounce, and we could be looking at the perfect setup for October.

Out-Return Bitcoin This Cycle 🚨

Our top altcoin pick hasn’t just survived 2025’s tough market… it’s crushed it…

Since we added it:

  • Our #1 altcoin pick → +249.72%

  • Ethereum → +96.75%

  • Bitcoin → +87.18%

Altcoins have struggled in 2025. Our portfolio hasn’t.

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FIRST GOLD, THEN BITCOIN 🥇

It’s one of the cleanest patterns in markets.

Gold always runs first. Then Bitcoin follows.

And this week? Gold just hit a new all-time high. 👀

It’s a relationship we’ve actually spoken on multiple times before.

Because we see it again & again & again.

First, gold prices start to run. Then, 90-100 days later, Bitcoin starts massively outperforming it.

It’s literally that simple.

And right now? Gold just hit a new all-time high.

Historically, that’s always been good for Bitcoin.

Gold price in orange, Bitcoin price in yellow

Gold leads.
Bitcoin follows.

The clock has started. ⏱️

HISTORIC LOW? 📉

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

Here’s how to interpret this metric:

  • Decreasing exchange balances: Bullish indicator as it signals a shift towards long-term holding 🐂

  • Increasing exchange balances: Bearish indicator as coins being transferred to exchanges are more likely to be sold 🐻

Just 2,926,583 BTC are left sitting on exchanges - 14.69% of total supply.

Since January, 152,465 BTC (≈$16.6B) has been withdrawn from exchanges.

We haven’t seen balances this low since 2020… when Bitcoin was $30K.

And let’s be clear: this isn’t retail FOMO. This is institutions, treasuries, and smart money siphoning supply and tucking it away for the long haul.

History’s lesson is brutal in its simplicity: when exchange liquidity runs dry, Bitcoin doesn’t meander.

It explodes. 🚀

CRACKING CRYPTO 🥜

Bitcoin faces critical test as on-chain data reveals market exhaustion. This cycle has absorbed $678 billion in net inflows through realized cap growth, nearly 1.8 times larger than the previous cycle.

Hashdex expands Crypto Index US ETF under SEC generic listing standards. Hashdex, an asset manager focused on cryptocurrencies, announced the inclusion of three altcoins on Thursday in its expanded crypto index ETF.

SharpLink (SBET) Plans to Tokenize Its Shares on Ethereum With Superstate. The Ethereum-focused treasury firm also explores compliant trading of tokenized shares on decentralized markets as part of its partnership with Superstate.

SEC Chair Atkins responds to crypto conflicts of interest, says agency will 'enforce laws where indicated'. Paul Atkins addressed questions about conflicts of interest as President Trump and his family's crypto ventures continue to come up.

WHAT WE’RE READING 📚

Want to get even smarter? Check these out.

p.s. all completely FREE (one click subscribe link)

  • Raremints (link) - Daily crypto news

  • Bitcoin Breakdown (link) - Daily Bitcoin news

  • Techpresso (link) - Daily tech news and insights

  • The Hustle (link) - Get Smarter on Business and Tech

  • Your Next Breakthrough (link) - Personal growth with Mark Manson

  • The Neuron (link) - AI trends and tools to keep you ahead

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Trivia Answer: Slow and expensive small payments 🥳

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