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GM to all of you nutcases. It’s Crypto Nutshell #724 shootin’ the stories… 🎥 🥜

We're the crypto newsletter that's more explosive than an ex-cop trying to stop a bus that can’t slow down... 🚌💥

What we’ve cooked up for you today…

  • 🤑 Uptober is here

  • 👻 It’s a ghost town…

  • 💎 Consolidating

  • 💰 And more…

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Prices as at 2:30am ET

UPTOBER IS HERE 🤑

BREAKING: Bitcoin hits new all-time high, crosses $125,000 for the first time as 'Uptober' momentum builds

Uptober is living up to the hype.

Bitcoin just smashed a new all-time high of $125,700, with its market cap briefly crossing $2.5 trillion - the highest in crypto history.

In just five days, BTC has climbed 11%, fuelled by $3.24B in spot ETF inflows - the second-largest week on record.

Almost $200M in shorts were liquidated in 24 hours as traders scrambled to cover.

But this isn’t just a technical breakout. It’s a macro moment.

The U.S. government shutdown has once again pushed investors toward hard assets.

“The only time I buy BTC is when society loses faith in governments and local banks.”

Arca CIO Jeff Dorman

“Political dysfunction is renewing interest in Bitcoin’s store-of-value role.”

Sygnum Bank’s CIO Fabian Dori

Meanwhile, loose liquidity, rising inflation, and a dovish Fed backdrop have added fuel to the fire.

And Wall Street is noticing.

JPMorgan just raised its price model to $165K, while Standard Chartered sees Bitcoin hitting $200K before year-end.

Bitcoin ETF Flows

On-chain data shows long-term holders easing selling pressure, with whales quietly accumulating again - the hallmark of a new accumulation phase. (More on this later)

As Glassnode put it, last week’s options expiry “reset open interest,” setting the stage for a Q4 run.

Uptober isn’t just here - it’s accelerating.

If history rhymes, this is the part of the cycle where patience pays. 🚀

IT’S A GHOST TOWN 👻

Bitcoin just hit a fresh all-time high over the weekend.

Uptober has officially begun.

But here’s the crazy part - no one seems to care.

It’s a straight up ghost town…

Every single metric we track for retail or “normie” interest in crypto is still at rock-bottom levels:

  • Google Trends 📉

  • Social engagement 📱

  • Mainstream media coverage 📰

  • Wall Street chatter 💼

  • Local, everyday interest 🌍

All flatlined.

This is the quietest all-time high in Bitcoin history.

As a sneak peek into Crypto Nutshell Pro, here’s one of the 10 key market-cycle indicators we send every week - the Social Traction Indicator.

It tracks long-form crypto video views on YouTube:

And right now?

They’re sitting at all-time low levels going back to 2021.

Again, this is right after a new all-time high.

Let that sink in.

  • Retail isn’t here yet.

  • Mainstream isn’t here yet.

  • And that’s exactly why the best risk/reward sits right now.

As you know, we’re opening 5 new slots each day this week for Crypto Nutshell Pro - our premium edition where we track these 10 critical cycle indicators that tell you when to buy, when to sell, and when to HODL.

Do with this information what you will.

But when retail wakes up…

It’ll already be too late. 🕰️

CONSOLIDATING 💎

Let’s kick off the week with a look at the Bitcoin HODL Waves - one of the clearest snapshots of market conviction.

Each coloured band represents the percentage of Bitcoin that last moved within a specific time frame.

The cooler the colour, the older the coins - with purple showing Bitcoin that hasn’t moved in 10+ years.

As always, we’re focusing on long-term holders (LTHs) - defined as coins held for more than six months.

Here’s how the Bitcoin supply breakdown looks today compared to two weeks ago:

  • 6m - 12m: 15.86% (down from 16.26%)

  • 1y - 2y: 11.52% (up from 11.41%)

  • 2y - 3y: 7.70% (down from 7.73%)

  • 3y - 4y: 5.87% (down from 6.01%)

  • 4y - 5y: 8.30% (down from 8.38%)

  • 5y - 10y: 14.45% (down from 14.46%)

  • >10y: 9.01% (up from 8.99%)

TL;DR: 72.71% of all Bitcoin hasn’t moved in over six months 🔒

That’s a 0.53% overall drop from two weeks ago.

Short-term holders (6–12 months) trimmed slightly - some mild profit-taking after recent volatility.

The 1–2 year band ticked higher, suggesting those coins are maturing into longer-term conviction.

Further out, the 10+ year cohort inched up again, reinforcing that deep, untouched supply is still growing.

The small pullbacks in the 3–5 and 5–10 year ranges look tactical, not emotional - trimming, not capitulation.

The takeaway: long-term conviction hasn’t cracked. If anything, it’s consolidating. 💎

CRACKING CRYPTO 🥜

Walmart to offer Bitcoin and Ethereum trading through its OnePay app. Retail giant Walmart is about to revolutionize crypto access, allowing millions to trade Bitcoin and Ethereum through its OnePay app.

Solana Is the New Wall Street, Says Bitwise CIO, Calling It ‘Extraordinarily Attractive’. Find out why Bitwise CIO Matthew Hougan calls Solana (SOL) the new Wall Street.

Stablecoins will force 'everyone' to share yield — Stripe CEO. Yield-bearing stablecoin options will force banks and other institutions that custody customer funds to offer clients a competitive interest rate on deposits.

Abracadabra loses $1.8 million in protocol's third major DeFi hack since 2024. The protocol, which issues the Magic Internet Money decentralized stablecoin, has lost over $20 million to exploits since the start of 2024.

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

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”)

How many Bitcoins will ever be mined in total?

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MEME CORNER 😂

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

Trivia Answer: 21 million 🥳

Bitcoin’s supply is capped at 21 million, ensuring long-term scarcity and digital gold-like value. 🪙

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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.

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