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- 🥜 We're so back
🥜 We're so back
PLUS: Tariff confusion
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GM to all of you nutcases. It’s Crypto Nutshell #598 hoppin’ in… 🐇🥜
We're the crypto newsletter that's more intense than surviving a deadly maze with no memory of how you got there... 🏃♂️🧩
What we’ve cooked up for you today…
😕 Mixed signals
🚀 We’re so back
💪 Strong hands
💰 And more…
Prices as at 4:50am ET
MIXED SIGNALS 😕
BREAKING: Bitcoin Flat as White House Pushes Mixed Messages on Technology Tariffs
Well, the tariff chaos isn’t slowing down anytime soon…
Over the weekend, President Trump sent markets on another rollercoaster ride with mixed messaging over China tariffs.
Here’s the situation:
As it stands, China is still facing a massive 145% tariff on exports to the U.S.
But on Friday, the White House quietly exempted electronics - including smartphones and semiconductors - slashing tariffs on these products to 20%.
Commerce Secretary Howard Lutnick confirmed the exemption…
But…
Then clarified that these products will soon face new tariffs as part of a separate semiconductor-focused policy - set to arrive in 1-2 months.
Trump then piled on the confusion - claiming there was never an exemption at all, only that electronics had moved to a “different tariff bucket.”
In short: total chaos.
U.S. businesses are left scrambling - how do you plan investments when tariffs change every 48 hours?
Despite the noise, Bitcoin has been remarkably stable, holding firm around $84,500 at the time of writing.
Ethereum has also recovered to $1,637 after briefly dipping below $1,600.
Meanwhile, inflation in the U.S. came in cooler than expected last week - with CPI rising just 2.4% year-over-year, the lowest in four years.
Normally, that would send risk assets flying. (And to be fair, Bitcoin has risen ~3.17% since the CPI data dropped.)
But right now?
The market is focused on one thing - the trade war.
With more sector-specific tariffs on the way, uncertainty remains sky-high.
For now, Bitcoin continues to show resilience.
But make no mistake - volatility isn’t going away any time soon.
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WE’RE SO BACK 🚀
Bitcoin is pumping again (kind of) - we’re back above $84,000.
But Fred Krueger is feeling it:
“100K around the corner. 150K by July. FUEL UP THE LAMBOS.”
If you haven’t heard of him, Fred Krueger:
Worked on Wall Street for 10+ years 💼
An extremely successful entrepreneur - exited 10 companies, with some exits in the tens of millions 💰
Studied mathematics, with a P.H.D from Stanford University 📚
Over the weekend, Fred tweeted out this:
Okay, now Fred may be getting a little ahead of himself…
But the momentum is undeniable.
And once we get:
Clarity on Trump’s tariffs & trade war ✅
Any signal the Fed is ready to cut or stimulate ✅
Then it's game on.
Our view?
Bitcoin is like a beach ball being held underwater. 🏐
The moment pressure lets up?
It explodes to the surface. 🧨
Fred’s saying the quiet part out loud.
If macro lines up…
We won’t just be back.
We’ll be flying. 🚀
STRONG HANDS 💪
Time for a check-in on the Long/Short-Term Holder Threshold.
Here’s how this metric works:
🔴 Short-Term Holders (STHs): Coins held for less than 155 days
🔵 Long-Term Holders (LTHs): Coins held for more than 155 days
🟥 Short-Term Holder Cost Basis: All coins purchased in this price range are STHs
🟦 Long-Term Holder Cost Basis: All coins purchased in this price range are LTHs
This metric is powerful because it shows exactly what price range long and short term holders bought their Bitcoin at. 🔍
Right now, the key threshold date is November 9th, 2024 - when Bitcoin was trading around $76,700.
All coins purchased before this date are classified as LTHs.
All coins purchased after this date are classified as STHs.
Today, there are currently 13,580,962 Bitcoin in the hands of LTHs. (68.42% of the circulating supply) 💪
Whereas the amount of coins held by STHs is only 3,649,680. (18.39% of the circulating supply)
And this gap is growing fast…
Over the last two months, ~451,187 BTC has transitioned from short-term to long-term holders.
That’s a massive signal of conviction.
Historically, a rising LTH supply has been a key ingredient for major bull runs.
Why? Simple.
More coins locked away = less sell pressure = rocket fuel for future upside. 🚀
Bitcoin’s strongest hands keep stacking - and they’re not flinching.
We’ll check back in two weeks to see how this trend evolves…
CRACKING CRYPTO 🥜
Survey reveals 1 in 5 Americans own crypto, with 76% reporting personal benefits. About 39% of holders use it to make purchases, while 31% use crypto to send money to family or friends.
U.S. SEC's Crypto Trading Roundtable Delves Into Easing Path for Platforms. Interim SEC Chairman Mark Uyeda hints at interest in a short-term solution for overseeing crypto firms while the agency contemplates permanent rules.
Saylor signals Strategy is buying the dip amid macroeconomic turmoil. The company continues to buy Bitcoin amid the recent economic downturn that has negatively impacted markets and left investors uncertain.
SEC and Binance file joint motion for another 60-day pause in legal dispute. The SEC and Binance have asked the judge overseeing their legal dispute to pause the case for 60 days as “productive discussions” continue.
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”)
Which of the following is NOT a co-founder of Ethereum? |
MEME CORNER 😂
Because what would the crypto world be without its share of memes?
Trivia Answer: Changpeng Zhao (CZ) 🥳
CZ (founder of Binance) was never an Ethereum co-founder - but Vitalik Buterin, Charles Hoskinson (later created Cardano) and Gavin Wood (created Polkadot) were.
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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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