GM to all of you nutcases. It’s Crypto Nutshell #633 flippin’ the script… 📜🥜

We're the crypto newsletter that's more epic than a warrior rising from slavery to shake an empire... 🏛️⚔️

What we’ve cooked up for you today…

What’s in the Crypto Nutshell Portfolio?

BREAKING: BlackRock’s Bitcoin ETF ends 31-day inflow streak with biggest outflow ever

After 31 straight days of inflows, BlackRock’s streak has come to an end… 😥

On May 30, IBIT posted its largest daily outflow ever at $430.8 million, snapping a record-breaking month-long streak.

It’s the biggest exit since the fund launched in January 2024, and $12.7 million larger than its previous outflow high.

BlackRock wasn’t alone in the red this week…

Zooming out, all 11 U.S. spot Bitcoin ETFs saw a combined $616 million in outflows on the day - marking the second day in a row of net losses.

And across the board, U.S. spot Bitcoin ETFs saw $144.8 million in net outflows - marking a rare weekly pullback after months of consistent inflows.

Even with the pullback, the totals remain staggering:

So what gives?

Some analysts are baffled that Bitcoin hasn’t surged more, considering the volume of capital that has flowed in.

But as Derive’s Nick Forster points out:

Inflows ≠ instant price action.

Especially in a market this size.

The bottom line:

IBIT just cooled off - but the broader trend is still intact.

And remember…

ETF outflows are part of the game.

Morning Brew was built on a simple idea: business news doesn’t have to be boring.

Today, it’s the fastest-growing newsletter in the country with over 4.2 million readers—thanks to a format that makes staying informed both easy and enjoyable.

Each morning, Morning Brew delivers the day’s biggest stories—from Wall Street to Silicon Valley and beyond—in bite-sized reads packed with facts, not fluff, and just enough wit to keep things interesting.

Try the newsletter for free and see why busy professionals are ditching jargon-heavy, traditional business media for a smarter, faster way to stay in the loop.

Join 4.2M+ Professionals Now

Fred Krueger is one of the most underrated voices on Crypto Twitter.

A mathematician turned hedge fund manager, he’s been calling major Bitcoin moves for years.

This week, Fred dropped a brutal truth:

Fred’s point is simple:

People overthink.
They hesitate.
They miss the move.

Fred’s telling everyone to not wait for the crowd.

You need to be positioning early - because by the time most people feel “ready”?

It’ll already be too late. ⏳

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:

TL;DR: 70.72% of all Bitcoin hasn’t moved in over six months. 🔒

That’s a meaningful jump from 69.25% just two weeks ago - a +1.47% increase.

The surge in the 6–12 month band is the headline here.

It shows that a large batch of short-term holders are now aging into longer-term conviction - refusing to sell.

We also saw slight declines in the 1–2y and 3–4y cohorts, which likely reflects light profit-taking or simple reallocation.

But the key trend remains unchanged:

The 2–3y, 4–5y, and >10y bands are all up.

Long-term holders aren’t flinching - they’re holding firm.

Bitcoin’s liquid supply is shrinking fast.

The longer this continues, the more pressure builds on the upside.

IMF asks for urgent clarification from Pakistan over 2,000MW power allocation to Bitcoin mining. The IMF is concerned about the impact of Pakistan powering Bitcoin mines and AI data centres amid electricity shortages.

Bitcoin advocate Max Keiser casts doubt over new BTC treasury companies. Bitcoin maximalist Max Keiser argues that Strategy has an advantage over newer Bitcoin treasury companies because the company has weathered a bear market.

Michael Saylor Outlines Strategy’s (MSTR) Bear Market Playbook at BTC Vegas. Flexibility and optionality at the core of capital strategy for MSTR.

Auction for Ross Ulbricht's prison mementos, artwork raises $1.3 million in BTC. Ulbricht's final ID card scored a winning bid of 11 BTC, the most for any item in the collection of prison-related memorabilia.

Want to get even smarter? Check these out.

p.s. all completely FREE (one click subscribe link)

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: Offline storage, making it less vulnerable to hacks 🥳

Cold wallets - like hardware wallets - store your private keys offline, offering top-tier protection from online attacks. Perfect for HODLers and security freaks alike. 🧊🔐

Advertise with Crypto Nutshell to get your product or brand in front of the crème de la crème of crypto investors. Crypto Nutshell readers are high-income earners who are always looking for unique or interesting offers.

Get in touch today.😎

We read every comment submitted in this poll and love to hear what you guys have to say. 😁 (bonus points for suggestions 🍪)

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.