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GM to all you crypto nuts. Crypto Nutshell #378 bracin’ ourselves.. 🫣 🥜

The crypto newsletter that's more suspenseful than uncovering government secrets... 🕵️‍♂️📂

What we’ve cooked up for you today…

• 🇩🇪 Why did Germany sell?

• 🚧 Do this in a crypto crash

• 📉 All-time low

• 💰 And more…

MARKET WATCH ⚖️

Only the top 20 coins measured by market cap feature in this section

WHY DID GERMANY SELL? 🇩🇪

BREAKING: German MP slams government’s bitcoin sell-offs, urges holding as a strategic reserve

So you may have heard that the German government has been unloading its Bitcoin holdings.

(Checkout our previous article here in case you missed it)

Over the past two weeks, they’ve sold off 9,310 Bitcoin…

But, German Member of Parliament, Joana Cotar believes this is a HUGE mistake.

In a recent Twitter post, Cotar slammed the German governments decision to sell its Bitcoin.

Cotar even invited German Chancellor Olaf Scholz, Prime Minister Michael Kretschmer and Finance Minister Christian Lindner to a “Bitcoin Strategies for Nation States” event on Oct. 17, hosted by Samson Mow.

In the post, Cotar also attached a letter she sent to Prime Minister Kretschmer.

The letter “urgently” requested the German government to “refrain from hastily selling the bitcoin in state possession.”

Cotar explained that a clear legal framework for Bitcoin is in Germany’s best interest.

Germany’s move to sell its Bitcoin was definitely an odd decision…

And coupled with the recent Mt. Gox news it has put significant sell side pressure onto the crypto market.

Will they change their mind or continue dumping? 🤷‍♂️

As it stands, they still hold 40,358 Bitcoin…

We’ll keep you updated on any major developments.

THE BEST WAY TO BUY CRYPTO 🏆

Want to know the best way to buy Crypto?

Without a doubt - it’s with Coinbase. (btw - they didn’t pay us to tell you this)

Why? 🤷‍♂️

Coinbase is public, trustworthy and one of the oldest & most trusted exchanges around.

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All you need to do is:

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It’s the exchange we personally use and if you don’t have an account yet, we’d highly recommend signing up.

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DO THIS IN A CRYPTO CRASH 🚧

If you you want to make serious money in crypto, there’s one thing you must do.

You must fundamentally change your mindset.

Instead of fearing sell-offs, you need to be excited by them.

That’s the latest piece of advice from Raoul Pal.

Crypto just underwent its worst correction of the current bull-run.

In his latest interview, Raoul gave some timely guidance:

This isn’t the first major correction of this bull-run and it most certainly won’t be the last.

If you’re in crypto for the long-haul (which you should be), then corrections along the way should only be viewed as opportunities.

An opportunity to compound wealth.

On top of this, Raoul believes we will see another crypto winter, at some point in 2025 or 2026.

Adopting this change of mindset, especially then, will serve you incredibly well.

Having this mindset is easier said than done.

However if you are able to so, you will do much better in the long-run.

Wise words from Raoul. 👏

ALL-TIME LOW 📉

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

This metric is super simple but extremely useful.

As always, here’s how to interpret the chart:

• 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 🐻

Currently there is only 12,215,298 ETH available for sale on exchanges.

That’s ~10.19% of the entire circulating supply. And it effectively puts this metric at an all time low.

In fact, as a percentage there’s even less Ethereum on exchanges than Bitcoin.

That’s insane, considering Bitcoin’s exchange balances are already exceptionally low.

There just isn’t that much ETH available for sale, especially considering that 27.8% of the supply is locked for staking.

This extremely tight Ethereum supply is why analysts expect Ethereum to be more sensitive to ETF inflows. (aka number go up faster)

It’s an extremely good setup…

CRACKING CRYPTO 🥜

How institutional networks are preparing for Bitcoin integration. Half a year after Bitcoin ETFs launched, it is safe to say that they have been the most successful ETF launch in history.

Bitcoin sales by gov’ts just 4% of $225B bull market inflows. Bitcoin’s reaction to governments’ BTC sell-offs is unrealistic given the actual amounts involved, a new analysis says.

Bitcoin ETF Investors Bought the Dip on Friday, With Inflows Topping $140M. The price of the world's largest crypto has seen a very modest bounce since tumbling below $54,000 early Friday.

Telegram CEO Calls Crypto Game Hamster Kombat World's 'Fastest-Growing Digital Service'. Pavel Durov, Telegram’s founder and CEO, also said that viral game Hamster Kombat has reached 239 million users ahead of its token launch.

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

• Seven Point Sunday (link) - Learn to build your career every Sunday

• Bullseye Trades (link) - Daily stock market tips

• Crypto Pragmatist (link) - Actionable alpha 3x a week

• 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

CAN YOU CRACK THIS NUT? ✍️

Select your answer below and you’ll be redirected to the results page. (answer explanation can be found after “Meme Corner”)

MEME CORNER 😂

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

Trivia Answer: C) 21 million 🥳 

Surely you got this one… Bitcoin’s maximum supply is 21 million

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HOW DID WE DO? 🤷

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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.