GM to all of you nutcases. It’s Crypto Nutshell #737 gettin’ the picture… 📷🥜

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BREAKING: Bitcoin Primed for Dip to $100K Before 'Uptober' Resumes, Says Standard Chartered

According to Standard Chartered, Bitcoin’s next big move could begin with one final flush…

Global head of digital assets research Geoffrey Kendrick said a dip below $100,000 “seems inevitable”.

But he did add that the decline could be short-lived - and may even mark the last opportunity to buy before the next major rally.

Bitcoin is currently trading around $107,000, down about 14% from its $126,000 all-time high earlier this month.

The sell-off, Kendrick said, was triggered by renewed U.S.–China trade-war fears that caused a “fear-driven selloff.”

Still, he emphasized that his year-end target of $200,000 remains unchanged, and that any drop below six figures could be the final dip before Bitcoin resumes its historic “Uptober” trend.

Historically, October and November have been Bitcoin’s strongest months, rising 19.8% and 46% on average since 2013, according to CoinGlass.

Kendrick is also watching the relationship between gold and Bitcoin as a potential turning point for the market.

Gold’s price has dropped from a record $4,381 per ounce to around $4,100, its largest single-day decline in more than a decade - suggesting a possible rotation of capital from traditional havens into digital ones.

Beyond that, Kendrick said he’s monitoring liquidity conditions closely, adding:

For now, Bitcoin’s 50-week moving average - a level that’s held since early 2023 - continues to act as a base for price action.

Kendrick’s bottom line:

If he’s right, this correction won’t mark the end of this cycle.

It’ll mark the beginning of Bitcoin’s next leg higher. 🚀

Investors face a dilemma. Headlines everywhere say tariffs and AI hype are distorting public markets.

Now, the S&P is trading at over 30x earnings—a level historically linked to crashes.

And the Fed is lowering rates, potentially adding fuel to the fire.

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As we covered this week, Larry Fink, CEO of BlackRock - the man who “owns the world” - just compared Bitcoin to gold on 60 Minutes.

Now Hunter Horsley just explained why Bitcoin might actually beat it.

Hunter Horsley is the co-founder & CEO of Bitwise.

He broke down why Bitcoin will beat gold in one simple tweet:

Think about that.

That’s a 28x smaller wall of money required to absorb new supply - and with ETFs, institutions, and corporate treasuries already buying billions each month, the imbalance is obvious.

If the world’s biggest asset manager is comparing it to gold…
and one of crypto’s sharpest minds is proving the math…
the direction is clear.

Bitcoin isn’t catching up to gold - it’s out-efficiencing it. 🧠

Today we’ll be checking in on the amount of Ethereum available for sale on exchanges.

Here’s how to interpret this metric:

Only 13.79 million ETH remain on exchanges - just 11.38% of the total supply.

Since the start of the year, 5.14 million ETH (worth ~$19.91 billion) has been withdrawn from exchange wallets.

Let that sink in…

This is what a supply shock looks like before it happens.

ETH is being drained from exchanges. Institutions are accumulating. Demand is building.

And when vanishing supply meets rising demand, there’s only one direction left for price to go - up. 🚀

Bitcoin vs. Gold: Does October's near zero correlation shatter 'digital gold' myth? Bitcoin fell first, gold followed days later. October proved the two inflation hedges no longer share the same rhythm.

Arthur Hayes calls for $1M Bitcoin as new Japan PM orders economic stimulus. Arthur Hayes predicted a Bitcoin rise to $1 million, fueled by the fresh economic package ordered by Japan’s new prime minister, Sanae Takaichi.

U.S. Senate Democrats Assure Crypto CEOs They're Still Willing to Move Legislation. Several top crypto executives met with senators to hash out next steps on moving forward with the bill that would regulate U.S. crypto markets.

Coinbase unveils tool for AI agents like Claude and Gemini to access crypto wallets. The tool comes on the heels of the launch of the x402 Foundation, a Coinbase and Cloudflare-backed initiative to standardize AI-payments.

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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: Difficulty adjustment 🥳

Bitcoin’s difficulty adjustment changes roughly every 2 weeks to keep block times near 10 minutes. ⚙️

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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.