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GM to all of you nutcases. It’s Crypto Nutshell #815 all gas no brakes… 🏎️🥜

We’re the crypto newsletter that’s more ruthless than a hedge fund eating its own when the trade turns south… 🦈📉

What we’ve cooked up for you today…

What’s in the Crypto Nutshell Portfolio?

BREAKING: Bernstein Calls This the "Weakest Bear Case" in Bitcoin's History — Maintains $150K Target

Bitcoin bounced back above $70,000 on Monday as Wall Street firm Bernstein made a bold call: this is the weakest bear case the asset has ever faced.

Bernstein maintained its $150,000 price target for the end of 2026.

Why Bernstein is bullish

The firm argues that none of the typical bear market triggers have appeared.

No major exchange failures. No hidden leverage blowing up. No systemic breakdowns.

Instead, they point to strong institutional support: a pro-Bitcoin U.S. president, spot ETF adoption, and growing corporate treasury participation.

Even with Bitcoin down 50% from October's highs, spot ETFs have only seen 7% net outflows. That's modest compared to past crashes.

Not everyone agrees

Some traders aren't buying the optimism…

Analysts Filbfilb and Tony Severino warned over the weekend that technical indicators still point to further downside.

Others argue a "real bottom" won't form until Bitcoin drops below $50,000.

A possible bottom signal

One metric worth watching: mining difficulty.

Bitcoin's mining difficulty just dropped by its largest amount since 2021. That happens when miners shut down unprofitable machines as prices fall.

Historically, when difficulty starts rising again, it often signals the bottom is in. We're not there yet - but capitulation is underway.

The bear case may be weak. But the bottom isn't 100% confirmed yet. 🚀

You've probably spent hours securing your crypto. Hardware wallets, seed phrase backups, the works.

But here's the blind spot most people miss: your home address is sitting on hundreds of data broker websites right now, available to anyone willing to pay. And criminals are using it.

There's been a surge in violent home invasions targeting crypto holders. Armed robberies. Kidnappings. And it doesn’t help that data brokers are selling your personal information legally.

DeleteMe helps close that gap:

We focus so much on digital security in this space. Physical security deserves the same attention.

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As markets dumped this year, a lot of fingers pointed at one name:

Kevin Warsh.

Trump’s reported pick for SEC chair is widely viewed as hawkish.

Tight policy. Less stimulus. More discipline.

And as we know by now, tighter liquidity is kryptonite for risk assets.

Bitcoin included.

So the narrative formed quickly:

Warsh = bad for crypto.

But here’s what most people don’t realize.

Warsh is not anti-Bitcoin.

In fact, when asked about it on CNBC back in 2021, he said this:

That’s not the language of someone trying to kill the asset class.

He went further:

Read that again.

Not a toy.
Not a bubble.
Digital gold.

And then the line that really matters:

This is where nuance matters.

Warsh may or may not prefer tighter monetary conditions.

He may not be the type pushing stimulus every time markets wobble.

But recognizing Bitcoin as a legitimate portfolio asset and alternative currency is very different from opposing it.

Markets often react first and analyze later.

The selloff told you investors fear tighter liquidity.

It did not tell you that the incoming regulatory regime is anti-crypto.

Those are 2 very different things.

If anything, this is a reminder of what actually drives this market:

Not personalities.
Not headlines.

Liquidity. 💰

Digital asset funds saw outflows for a third consecutive week, totalling $187 million.

The recent price correction push total assets under management down to $129.8 billion.

That’s the lowest level since the US tariff drama back in March 2025.

Let’s break it down.

The outflows were again concentrated on Bitcoin last week which saw $264.4 million exit.

Interestingly XRP, Solana and Ethereum saw inflows of $63.1m, $8.2m and $5.3m respectively.

From a regional perspective, the US saw the majority of outflows with $214.3 million leaving.

Whilst Germany, Canada and Brazil saw inflows of $87.1m, $21.4m and $16.7m respectively.

CoinShares notes that a change in the pace of outflows has historically signalled inflection points in investor sentiment.

The recent deceleration in outflows therefore suggests that we may have bottomed out…

YouTube Star MrBeast Just Bought a Banking App—Will It Offer Crypto? MrBeast's Beast Industries just acquired fintech startup Step, a banking platform for teens, following a crypto trademark application.

Bernstein calls Bitcoin sell-off 'weakest bear case' on record, keeps $150K 2026 target. The research analysts pointed to tight liquidity and macro pressure as drivers of the decline, while noting that spot Bitcoin ETFs have seen relatively modest outflows.

U.S. government isn't poised to sweep in with bitcoin buys, despite Jim Cramer rumour. President Donald Trump did order a bitcoin reserve, but it doesn't yet exist, even as the CNBC host says the feds will start filling it when bitcoin hits $60,000.

Coinbase's Backstreet Boys-inspired Super Bowl ad divides viewers. As is the case with most Super Bowl commercials, Coinbase's latest spot was met with a mix of adoration and derision.

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

Trivia Answer: 2021 🥳

The total crypto market cap first crossed $1 trillion in January 2021 as Bitcoin rallied past $37,000.

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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.