GM to the winners club. Crypto Nutshell Pro #100 stampedin' 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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<sub>This report presents a simplified & filtered overview of an extensive research process, which is based off high-quality data from paid reports, newsletters, and tools. Accessing this data is costly, costing tens of thousands per year, as many sources employ dedicated teams for data collection.

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Bitcoin's at $82,800, down 2.1% on the week.

Ethereum's at $2,494, down 7%.

The S&P 500 just posted its highest weekly close ever, gold climbed about 1.3% and the 10-year Treasury yield even finished a touch lower than it started, yet Bitcoin still went down.

Most of the selling came from crypto's own buyers, and the reason they pulled back says a lot about where the US economy is right now and what has to change before they come back.

Last week we said Bitcoin was stuck in a range between roughly $82,600 and $87,000, and this week it tested both ends.

Early Monday it got turned back just shy of $87,000 for the third time since late September, and by Thursday it had slid to about $80,400, its lowest in almost three weeks.

By Friday it had climbed back to around $82,500, right at the bottom of the old range.

US spot Bitcoin ETFs lost $485 million on Wednesday, their biggest one-day exit since June, and another $244 million on Thursday.

Friday brought a small $21 million back in, but that still leaves the week about $679 million out by Farside's count, and October roughly $386 million in the red.

Ether's funds had it worse for their size, losing money nine trading days in a row, nearly $700 million since September 29.

On Wednesday, Tom Lee's Bitmine, the largest corporate holder of Ether, also said it'll stop buying once it owns 5% of the supply, and it's only about 100,000 Ether short of that.

Bitmine had bought every week for 16 months, so the one buyer Ether could set its watch by now has an end date.

Leverage made the slide worse, with about $1.19 billion of positions liquidated over 24 hours into Thursday night, more than $1 billion of it bets on prices going up.

(A liquidation is an exchange force-closing a borrowed bet because the trader's collateral has run out.)

Ether took the worst of it and finished the week down about three times as much as Bitcoin.

To see why buyers are so thin in a week stocks hit a record, you have to look at who's doing well in this economy…