GM to all of you nutcases. It’s Crypto Nutshell #910 twirlin‘ our way in… 🩰🥜

We're the crypto newsletter that's more pattern-smart than a codebreaker hearing tomorrow's answer in today's static… 🧠⚙️

What we’ve cooked up for you today…

What’s in the Crypto Nutshell Portfolio?

BREAKING: Bitcoin slips toward $63,000 as a tech selloff drags risk assets lower

The setup has completely flipped.

Last week, equities climbed and Bitcoin sat it out.

This week, equities are falling, and Bitcoin's falling right alongside them.

Heads it loses, tails it also loses…

BTC dropped toward $63,000 on Tuesday, down more than 3% on the week, caught in a sharp rotation out of this year's AI and chip darlings.

The selling was global. Asian stocks fell over 2%, South Korea's Kospi cratered 8% on fears the chip rally got too greedy, and US futures pointed lower with the Nasdaq leading.

For weeks, Bitcoin traded on Iran, jumping at every strike and ceasefire rumour.

But with a peace roadmap signed and oil under $78, that story's basically spent.

The new driver is the AI-chip trade, the same one holding up every record high in equities.

Great when chips are flying. Less great when they're the first thing to crack.

So the catalyst that matters now isn't geopolitical.

It's Micron's earnings on Wednesday, a clean read on whether AI spending can keep justifying stocks that have tripled this year, and the risk mood Bitcoin's now strapped to.

One signal worth watching too: the Coinbase premium, a rough gauge of US institutional demand, has tilted negative. American big money isn't the one buying this dip.

So Bitcoin swapped one master for another and got handed a worse one.

For three weeks the story's been the same floor, $59K to $60K.

But the real question for tomorrow isn't the level. It's whether Micron gives this market any reason to stop selling. 🚀

Wall Street just bet billions on a small collection of stocks.

And after a volatile first half of 2026, it looks like they’re about to shift even more.

MarketBeat’s updated 10 Best Stocks to Own in 2026 report reveals the 10 names attracting fresh capital right now.

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While the market panics over Strategy selling a tiny slug of Bitcoin, Samson Mow just zoomed out and explained why it doesn't matter at all.

Mow is the CEO of JAN3, helped architect El Salvador's Bitcoin strategy, and holds a $1 million price target for Bitcoin by 2031.

Here's what he posted:

His core point is one most people are completely missing.

There was quiet foreshadowing recently when Strive bought 32 BTC the same week Strategy sold 32. Most didn't catch it. But that's the whole thesis in a single data point.

It doesn't matter if Strategy sells in the future to fund dividends or for any other reason. Another treasury company will simply buy. The baton just gets passed.

And the next buyer is already loading up. BSTR is about to come online with $1.5 billion to deploy. A major contender for the top spot, running its own accumulation engine on a completely different timing and wavelength than Saylor.

The implication is huge. We're moving from one dominant corporate buyer to a competition between many. Strategy, Strive, BSTR, Metaplanet, and dozens more lining up behind them. All fighting over the same fixed 21 million supply.

And as Mow reminds us, the treasury companies aren't even the only buyers. They're just the most visible ones. Behind them sit ETFs, sovereigns, and institutions absorbing coins every single day.

One seller gets replaced by 10 buyers. The competition for Bitcoin is about to kick into high gear.

Plan accordingly. 🌲

Today we're looking at the True Market Mean.

It tracks the average price the active investor base actually paid for their coins - a clean dividing line between bull and bear.

Above it, the market's in profit and trending.

Below it, we're in discount territory.

Right now it sits at $77.2K.

Spot is near $64K. That's a 17% discount… and it just got wider.

Last week's bounce has faded. Bitcoin slipped nearly 3% over the past seven days, drifting from the mid-$60Ks back toward $64K. So the relief rally that followed the US-Iran peace deal didn't hold - and the gap to the Market Mean has only grown.

The war premium that crushed BTC unwound weeks ago - crude collapsed from $86 to $76. Yet price still can't climb. Removing the thing weighing on the market clearly wasn't enough to flip it.

So the on-chain regime stays firmly bearish. We're sitting 17% below the line that historically separates bull from bear, and drifting the wrong way.

The signal is simple: a clean reclaim of $77.2K.

Until price gets back above what the active market paid, every bounce is just relief inside a discount - not the start of something new. 📊

Crypto Industry Urges Congress to Pass Tax Bill--But Will It Happen This Year? Crypto industry groups are pressing Congress to pass a bill changing how mining and staking rewards are taxed, but Democrats remain skeptical and the midterm clock is tightening.

MoneyGram joins Solana as validator amid stablecoin payment push. The remittance firm is now helping process and secure Solana transactions as it expands its stablecoin payments strategy.

Bitcoin funding rate hits 2-week high: Is $70K next? Bitcoin’s funding rate and orderbook setup show better short-term optimism, but ETF outflows and macro risk still limit the clean breakout case.

Ethereum Layer 2 Taiko halts block production following exploit; urges users to withdraw funds. Taiko paused block production and urged bridge withdrawals after a proof-validation flaw allowed roughly $1.7M in fraudulent withdrawals.

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