GM to all of you nutcases. It’s Crypto Nutshell #830 lookin’ for alpha… 🔍🥜

We're the crypto newsletter that's more brutal than a boxing ring where the real fight happens outside the ropes… 🥊🔥

What we’ve cooked up for you today…

What’s in the Crypto Nutshell Portfolio?

BREAKING: Bitcoin Spikes to $70K as Trump Says 'Large-Scale Operations' Continue in Iran

As you probably know, The US and Israel launched strikes on Iran over the weekend.

Bitcoin immediately dropped to $63,000 on the news.

Two days later, it's back near $70,000.

Whilst markets were bracing for the worst…

US stock futures were down over 2% overnight Sunday.

But by Monday's open, the Nasdaq was barely down 0.1%. The S&P 500 shrugged it off. Bitcoin rallied more than 5% on the day and briefly touched $70,000 before pulling back.

The reaction tells you something about where sentiment sits right now. (More on this in the next section)

On-chain data also backs it up.

When Bitcoin hit $63,000 on Saturday, short-term holders sent just 3,700 BTC to exchanges at a loss. Compare that to February 5–6, when the same group dumped 89,000 BTC in 24 hours during peak capitulation.

CryptoQuant analyst MorenoDV called it "zero panic." The most reactive holders barely flinched.

That matters. It suggests the weakest hands have already been flushed out. The sellers who were going to sell… already sold.

But not everyone is calling this a turning point.

Mark Connors, CIO at Risk Dimensions, says Monday's move was driven by short-covering - not fresh buying.

Traders who had bet on further downside got squeezed when prices reversed. Open interest rose 6% alongside the rally, which usually signals leverage, not spot demand.

"This is not a signal of the march back to $100,000," Connors said. Key resistance still sits overhead at $70,000–$75,000, and without sustained spot buying, the bounce could fade.

On the macro side, things are getting interesting. ISM manufacturing came in at 52.4 for February - the strongest consecutive expansion since late 2022. Oil is up 7% on the conflict. Inflation expectations are rising.

Stephen Coltman of 21Shares argues that's actually a tailwind for Bitcoin. If inflation runs hotter than deposit rates, investors start looking for alternatives to cash. Scarce assets like Bitcoin become more attractive in that environment.

The panic selling is fading. The leverage is lighter. The macro case is quietly building.

Whether this bounce holds depends on what comes next - spot demand, not just short squeezes. 🚀

Tony Robbins spent 49 years proving one thing: the reason you haven't changed isn't willpower. It's not discipline. It's not even knowledge — because knowledge is not power. Execution is power. And execution flows from your identity.

Who you believe you are is the most powerful force in your personality. It determines every decision before you make it. Every action before you take it.

Every result before it arrives. Tony’s legendary event Unleash the Power Within doesn't teach you to try harder. It rewires the identity running your life. In 4 days virtual, March 12–15 - Tony will annihilate the beliefs and patterns that built the current version of you, and condition a new one into your nervous system. 30,000 will attend from 195 countries. Save $100 today.

Claim My New Identity Now.

Matt Hougan just posted seven words that say everything:

That's it. No breakdown. No thread. Just a quick observation from the Chief Investment Officer at Bitwise, a man who manages over $15 billion in crypto assets and has been one of the most honest voices throughout this entire bear market.

And the timing? That's what makes this interesting.

The U.S. launched an offensive against Iran. The kind of headline that, even a few weeks ago, would have sent crypto into a major tailspin. Risk-off. Panic selling. Blood red candles across the board.

Instead? Today Bitcoin rallied over +5%, closing in on $70,000. Ethereum up over +5%, pushing toward $2,050. The broader market followed.

Crypto didn't just hold up. It shrugged it off.

That's a behavioural shift. And if you've been through enough cycles, you know what it means.

When an asset stops going down on bad news, something has changed underneath the surface. The sellers are exhausted. The weak hands are gone. And the remaining holders aren't flinching.

Remember, just last week Hougan told us the selling was mostly done and that we were in the process of bottoming. He said crypto winter would be followed by a classic crypto spring.

It's starting to feel like spring.

134,000 people saw that tweet. And most of them felt the same thing Hougan did.

The sentiment has shifted. 🌱

Inflows are back!

Last week, Digital Asset Funds saw inflows of $1.06 billion.

That ends the five-week outflow streak, which saw $4 billion withdrawn from digital asset funds globally.

Let’s break it down.

Bitcoin saw the largest inflows of the week with $881.5 million coming in.

Ethereum followed with $116.9 million.

Solana also saw notable inflows of $53.8 million for the week.

Regionally, the U.S. saw the majority of inflows with $957.2 million entering.

Whilst Canada, Germany, and Switzerland all saw inflows adding $34.1 million, $31.7 million, and $28.4 million, respectively

CoinShares notes that it's difficult to attribute the shift in sentiment to a single catalyst.

However, prior price weakness, a break below key technical levels, and renewed accumulation by large bitcoin holders appear to have contributed to the reversal.

CoinShares also points out that recent client discussions have almost been entirely focused on identifying entry points rather than reducing exposure to the asset class.

Core Scientific turns lower after Q4 results disappoint. Riot Platforms topped revenue estimates as it reported earnings for the final three months of 2025.

Uniswap wins full dismissal in long-running scam token class action. The judge said plaintiffs had multiple chances to amend their complaint but still failed to state a viable claim against Uniswap.

Can US Lawmakers Pass Crypto Market Structure Before the Midterms? With primaries in three US states kicking off this week ahead of the election, some experts monitoring crypto market structure have already expressed concerns about its progress.

Strategy Spends $200 Million on Bitcoin, Raises STRC Dividend Yet Again. Strategy disclosed its third-largest Bitcoin purchase of the year, scooping up the asset using proceeds that partially came from STRC.

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: 21 million BTC 🥳

Satoshi Nakamoto hardcoded the 21 million supply cap into Bitcoin's protocol. This fixed scarcity is one of the core pillars of Bitcoin's value thesis.

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.