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GM to all of you nutcases. It’s Crypto Nutshell #801 startin’ the show…🎙️🥜

We’re the crypto newsletter that’s more relentless than a survivor hunted across frozen wilderness with nothing but grit… ❄️🩸

What we’ve cooked up for you today…

What’s in the Crypto Nutshell Portfolio?

BREAKING: Bitcoin falls below $90,000 amid new tariff war concerns, bond selloff

Bitcoin slipped below $89,000 on Tuesday as markets got hit from multiple directions.

The trigger this time wasn't crypto-specific.

It was macro…

Japan's bond market is cracking. Trump just threatened 100% tariffs on European nations over Greenland. And a Danish pension fund announced it's dumping U.S. Treasuries, calling America "basically not a good credit."

Risk assets across the board sold off hard.

The S&P 500 and Nasdaq both dropped more than 2% - their worst day since October 10.

Crypto stocks got hit even harder.

Strategy dropped 7%. BitMine fell 9%. Coinbase slid 5.5%.

Over $486 million in longs were liquidated on Tuesday alone. That follows $637 million on Monday - the worst two-day streak for longs this year.

The big buyers aren't flinching

While markets bled, Strategy made its largest Bitcoin purchase in nine months.

The company bought 22,300 BTC for $2.1 billion last week. It funded the buy mainly through stock sales and its new STRC preferred shares.

Meanwhile, BitMine kept stacking Ethereum.

The firm added 35,268 ETH worth $108 million. That brings its total to 4.2 million ETH - nearly 3.5% of the entire circulating supply. Worth roughly $12.8 billion at current prices.

BitMine has also ramped up staking.

It now has 1.83 million ETH staked, up from 1.25 million last week. At full scale, the company expects to earn over $1 million per day in staking rewards.

The bigger picture

Prices are ugly.

Fear is spreading.

But the largest corporate holders aren't selling - they're buying.

Wintermute put it simply: "The setup feels like we're coiling rather than breaking down." 🚀

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Ignore any noise about 2026 being a “down year.”

Because according to David Sacks, things are lining up better than people realize.

That was the message he delivered on the latest All-In Podcast.

If you don’t know who David Sacks is, he’s a major Silicon Valley investor, PayPal mafia member, and someone with a direct line to the current administration.

When he talks about the economy, he’s not guessing. He’s close to the people making the decisions.

And this week, he sounded very relaxed.

Here’s what he said:

So why does this matter for Bitcoin & crypto?

Because crypto needs confidence and liquidity.

When rates fall and people keep more of their money, spending comes back. Then investing comes back. And risk assets are the last thing to move.

That’s where crypto lives.

Sacks is basically saying: sit back and enjoy this. This is why calling 2026 a guaranteed “down year” misses the point.

The smart money & people closest to the decision makers are the ones who are the most bullish.

Pay attention. 👀

Today we're looking at BTC Risk - a simple way to gauge where we are in the cycle.

BTC Risk compresses years of price action into a number between 0 and 1:

It doesn't call exact tops or bottoms. It shows you when risk-reward is tilted in your favour.

Current BTC Risk: 0.423 (Two weeks ago: 0.423)

Dead flat..

We're still sitting below the 0.5 line, locked in the low to mid-risk zone.

Well below the euphoric spikes that marked prior cycle tops. Comfortably above the capitulation lows of deep bear markets.

What does that mean?

This isn't a zone where you should be taking profits. But it's also not a generational buying opportunity. It's the middle - where steady accumulation still makes sense.

If BTC Risk drops toward 0.3, the setup gets more compelling.

If it climbs past 0.8, that's your cue to trim. 📊

Coinbase CEO Seeks ‘Win-Win’ on Market Structure Bill in Davos Charm Offensive. Brian Armstrong is set to meet bank CEOs a week after Coinbase pulled support for the crypto market structure bill.

Institutions Add $53 Billion In Bitcoin As Retail Stays Fearful. Despite a Bitcoin price stumble, large Bitcoin wallets added 577,000 BTC, worth $53 billion, in the last 12 months, giving a “rough read” on institutional demand, says Cryptoquant’s Ki Young Ju.

Largest corporate holder of ether, Bitmine (BMNR) approved for share count increase. The company now holds 4.203 million ETH (about 3.5% of circulating supply), 193 BTC, and a $22 million stake in Eightco Holdings, along with nearly $1 billion in cash.

Delaware Life partners with BlackRock to offer bitcoin exposure through fixed index annuity. Institutional investor interest in spot bitcoin ETFs, like the one offered by BlackRock, continues to grow.

Want to get even smarter? Check these out.

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

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

Trivia Answer: Every 4 years 🥳

Litecoin halves approximately every 4 years, or more precisely every 840,000 blocks. Since Litecoin produces blocks 4x faster than Bitcoin (2.5 minutes vs 10 minutes), it also halves 4x as often in terms of block count.

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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.