WallStreetBets

a lot of bitcoin drama never leaves the group chat.

this one made it onto the 𝗰𝗵𝗮𝗶𝗻 and lasted two blocks.

BIP-110 was the soft fork meant to cap arbitrary data in $BTC transactions. mandatory signaling opened, enforcing nodes rejected the first non-signaling block, and the chain actually split. then the numbers landed:

→ split at block 961,632 on Aug 8

→ 2.53% miner support at its peak, against a 55% threshold

→ every signaling block came from a single pool

→ the fork chain mined 2 blocks, then nothing for 17 hours

→ 𝟵𝟵.𝟴𝟱% of hashpower stayed on the main chain

→ fork is 111 blocks behind at last count

→ Saylor's estimate: ~25 years to its first difficulty adjustment

𝘁𝗵𝗲 𝗺𝗶𝗻𝗲𝗿𝘀 𝘃𝗼𝘁𝗲𝗱 𝘄𝗶𝘁𝗵 𝗵𝗮𝘀𝗵𝗿𝗮𝘁𝗲 𝗮𝗻𝗱 𝗶𝘁 𝘄𝗮𝘀𝗻'𝘁 𝗰𝗹𝗼𝘀𝗲.

people argued about this one for months. it was over in eight hours.

$BCH in 2017 walked away with real miners and exchange listings. this got one pool.

meanwhile spot btc etfs took in $853.5m over the same week, best stretch since April.

the flows didn't blink. 👀

#BIP110 #Bitcoin

most perp dexes still live off 𝗰𝗿𝘆𝗽𝘁𝗼 volume

$HYPE degens spent Q2 rotating into 𝘁𝗿𝗮𝗱𝗳𝗶

q2 report dropped aug 6, receipts:

→ RWA perps went from 1.8% of all trading to 32.2% in three quarters

→ $213B+ RWA volume in Q2 alone

→ RWA holders up 56% to 1.6M+

→ RWA perps hit 99.2% of $BTC perp volume by end of july

→ $169M+ Q2 revenue, $141M+ of it went to buybacks

→ $1B+ cumulative revenue crossed

𝘁𝘂𝗿𝗻𝘀 𝗼𝘂𝘁 𝗱𝗲𝗴𝗲𝗻𝘀 𝘄𝗶𝗹𝗹 𝘁𝗿𝗮𝗱𝗲 𝗮𝗻𝘆𝘁𝗵𝗶𝗻𝗴 𝗶𝗳 𝘆𝗼𝘂 𝗽𝘂𝘁 𝗹𝗲𝘃𝗲𝗿𝗮𝗴𝗲 𝗼𝗻 𝗶𝘁

tradfi perps are basically neck and neck with bitcoin perps on crypto's biggest perp venue now

and it took nine months

july already had back to back weeks where RWAs did over half the platform's volume

if that holds, Q3 might be the quarter tradfi flips crypto on its own turf

watching this one 👀

#Hyperliquid #RWA

most etf money in july went 𝗻𝗼𝘄𝗵𝗲𝗿𝗲.
$ETH was the exception.

the flow numbers for the week ending july 31:

→ bitcoin etfs took in $205m for all of july, 𝘀𝗺𝗮𝗹𝗹𝗲𝘀𝘁 𝗺𝗼𝗻𝘁𝗵 𝗲𝘃𝗲𝗿 for the product

→ that comes after $2.43b of outflows in may and $4.52b in june

→ last week $BTC funds lost another $61.53m

→ blackrock's ibit accounted for $186.3m of it

→ ether etfs added $27.42m over the same week

→ 𝗳𝗼𝘂𝗿𝘁𝗵 𝘀𝘁𝗿𝗮𝗶𝗴𝗵𝘁 𝘄𝗲𝗲𝗸 𝗼𝗳 𝗶𝗻𝗳𝗹𝗼𝘄𝘀 for ether

→ solana etfs +$2.82m, xrp etfs +$14.86m

→ btc near $62,800 to start august, sentiment still in fear

nobody is chasing anything up here.

𝘁𝗵𝗲 𝗺𝗼𝗻𝗲𝘆 𝘁𝗵𝗮𝘁 𝗱𝗶𝗱 𝘀𝗵𝗼𝘄 𝘂𝗽 𝗽𝗶𝗰𝗸𝗲𝗱 𝗲𝘁𝗵𝗲𝗿𝗲𝘂𝗺 𝗼𝘃𝗲𝗿 𝗯𝗶𝘁𝗰𝗼𝗶𝗻.

ether funds are still down about $1.1b on the year, so this is a recovery off a low base.

four weeks in a row is still four weeks.

friday's jobs print decides whether it holds. watching this one 👀

#Ethereum

Most Fed previews open with the word 𝘂𝗻𝗮𝗻𝗶𝗺𝗼𝘂𝘀.

the same economists just 𝗳𝗹𝗶𝗽𝗽𝗲𝗱 on the rest of the year.

$BTC around $63.4k going into it. the receipts:

→ 104 of 104 economists in the Reuters poll say hold at 3.50% to 3.75%

→ most of those same 104 now call the odds of a hike this year "𝗵𝗶𝗴𝗵", last month most said low

→ 78 of them still see no change through year end

→ Polymarket has it 79.7% no change, 19.9% on a 25bp hike

→ that 19.9% is the highest hike pricing of the cycle

→ CME FedWatch is at 35.8% odds of a hike, up from 25.7% last week

→ fifth straight meeting with no move if they hold

→ Warsh told Congress this month there is "no tolerance for persistently elevated inflation"

𝘂𝗻𝗮𝗻𝗶𝗺𝗼𝘂𝘀 𝗼𝗻 𝘁𝗼𝗱𝗮𝘆. 𝘀𝗽𝗹𝗶𝘁 𝗼𝗻 𝘁𝗵𝗲 𝘆𝗲𝗮𝗿.

Q2 GDP and PCE print in the same week, so the statement carries more than the vote.

the vote was never the event.

if Warsh wanted a quiet july he picked the wrong week.

watching the presser 👀

#fomc #USTreasuryYieldsRetreat

Most of wall street still treats solana like a 𝗺𝗲𝗺𝗲𝗰𝗼𝗶𝗻 𝗰𝗵𝗮𝗶𝗻.

morgan stanley just filed to 𝘀𝘁𝗮𝗸𝗲 𝘆𝗼𝘂𝗿 $SOL .

their spot solana trust cleared NYSE arca on july 24. what's actually in it:

→ 𝟬.𝟭𝟰% 𝗳𝗲𝗲, one of the cheapest crypto etfs out there

→ stakes up to 100% of the underlying SOL

→ most staking rewards routed back to holders

→ 1B+ solana transactions in a single week

→ $3.32B+ in tokenized equities already trading onchain

→ ticker MSOL, staking handled by regulated providers

a spot bitcoin etf gives you price exposure and nothing else. this one stakes the asset and passes the rewards back.

𝘁𝗵𝗶𝘀 𝗶𝘀 𝘁𝗵𝗲 𝗶𝗻𝘀𝘁𝗶𝘁𝘂𝘁𝗶𝗼𝗻𝗮𝗹 𝗯𝗶𝗱 𝘀𝗵𝗼𝘄𝗶𝗻𝗴 𝘂𝗽.

$BTC and $ETH etfs already ran this exact playbook. same filings, same fee war, same flows.

solana is just next in line.

watching whether the money follows the paperwork 👀

#solana #CryptoETF

Everyone keeps calling 𝗮𝗹𝘁𝘀𝗲𝗮𝘀𝗼𝗻.

$BTC keeps refusing to hand over the market.

but the dominance chart just cracked the level everyone was watching:

→ BTC.D at 𝟱𝟲.𝟳% as of July 22, a fresh one-month low

→ that's below the 58 to 59% zone traders flagged as the alt trigger

→ still miles off the 65%+ cycle high from mid-2025

→ ETH share ~9.9%, stables ~11.9%

→ everything else ~21.5%, and the first alt winners are breaking away

dominance losing this level is step one of every altseason.

𝗶𝘁 𝗷𝘂𝘀𝘁 𝗹𝗼𝘀𝘁 𝗶𝘁.

but 56% is not 40%. the crowd's been early on this call all year.

$ETH always moves before the long tail does. the lag is the trade.

one twitch is not a trend. for me, alts get real when dominance stops bouncing back.

not confirmed yet. watching 👀

#bitcoin
#bitcoindominancerisesto59%

Most rallies this year got sold within a week.

$BTC just reclaimed 𝟲𝟱𝗸 and is holding it through a full war headline cycle.

the recovery under the hood:

→ up 29%+ from the July 5 low

→ daily volume at $28B+, up 81%

→ whale wallets added 𝟲𝟲,𝟳𝟬𝟬+ 𝗕𝗧𝗖 over the past 60 days

→ spot ETF flows back to green after $4.5B left in June

→ CPI surprised cool on July 15 and squeezed the shorts

→ $ETH back above $1,900 for the first time since June

the whole market spent June positioned for lower.

the accumulation happened anyway.

𝘁𝗵𝗲 𝗯𝗶𝗱 𝗰𝗮𝗺𝗲 𝗯𝗮𝗰𝗸 𝗯𝗲𝗳𝗼𝗿𝗲 𝘁𝗵𝗲 𝗰𝗿𝗼𝘄𝗱 𝗱𝗶𝗱.

Fed meets July 28.

watching how 65k holds into it 👀

#Bitcoin #BitcoinReclaims$65K

Most stocks that fall below IPO price get left for dead.

$SPCX fell below IPO price and became the 𝗺𝗼𝘀𝘁 𝘀𝗵𝗼𝗿𝘁𝗲𝗱 𝗻𝗲𝘄 𝗹𝗶𝘀𝘁𝗶𝗻𝗴 𝗶𝗻 𝗨𝗦 𝗺𝗮𝗿𝗸𝗲𝘁 𝗵𝗶𝘀𝘁𝗼𝗿𝘆 instead.

S3 Partners just dropped the numbers:

→ 185M+ shares sold short

→ 𝟮𝟵% of the tradable float

→ $25B+ in total bearish bets

→ short interest was 5% three weeks ago

→ $75B+ raised at the June 12 IPO

→ ran past $225 after listing, now back at $135

→ shorts up $8.7B+ on paper

the bears already banked the move down.

now they're crowded into the biggest short position a new listing has ever carried.

𝗲𝘃𝗲𝗿𝘆 𝗰𝗼𝘃𝗲𝗿 𝗳𝗿𝗼𝗺 𝗵𝗲𝗿𝗲 𝗶𝘀 𝗮 𝗯𝘂𝘆 𝗼𝗿𝗱𝗲𝗿.

$TSLA was the most shorted stock in America once too. those shorts lost $38B+ in 2020 alone.

watching this one 👀

#SpaceX #SpaceXShortInterestHits29%OfFloat

most 𝗰𝗽𝗶 prints move the market for a morning.

this one knocked 12 points off september hike odds before lunch.

june numbers, out this morning:

→ headline down 0.4% on the month, biggest drop since 2020
→ 3.5% annual vs 3.8% expected
→ may was 4.2%, so almost a full point of cooling in one print
→ core flat on the month, 2.6% for the year
→ energy down 𝟱.𝟳% after three straight months of gains
→ september hike odds: 63%, from 75%+ yesterday

𝘁𝗵𝗲 𝗲𝗻𝘁𝗶𝗿𝗲 𝗱𝗿𝗼𝗽 𝗰𝗮𝗺𝗲 𝗳𝗿𝗼𝗺 𝗲𝗻𝗲𝗿𝗴𝘆.

core didn't budge. and the hormuz blockade is already pushing oil back up.

if crude keeps running, the july print hands most of this back.

$BTC barely moved, still parked around $62,600.

watching the oil chart more than the fed 👀

#cpi #bitcoin

most people stop buying when the 𝗳𝗲𝗮𝗿 𝗶𝗻𝗱𝗲𝘅 prints 22.

𝗕𝗶𝘁𝗠𝗶𝗻𝗲 just bought another 27,801 $ETH into it.

the receipts as of july 12:
→ 5,770,038 ETH held, roughly 4.8% of the entire supply
→ 4,917,189 ETH of that is staked
→ $482M+ in cash still on the side
→ $11.3B+ in total holdings
→ buys every single week: $92M in june, $74M+ early july, now this
→ stated target: 5% of all ETH by year end

eth is under $1,800 and sentiment is the worst it's been in months.

𝘁𝗵𝗲 𝗯𝗶𝗴𝗴𝗲𝘀𝘁 𝗰𝗼𝗿𝗽𝗼𝗿𝗮𝘁𝗲 𝗵𝗼𝗹𝗱𝗲𝗿 𝗼𝗻 𝗲𝗮𝗿𝘁𝗵 𝗶𝘀 𝘀𝘁𝗶𝗹𝗹 𝗮𝗱𝗱𝗶𝗻𝗴 𝗲𝘃𝗲𝗿𝘆 𝘄𝗲𝗲𝗸.

tom lee keeps calling ethereum a future $5T network. his call, not mine.

but somebody with $11B on the table clearly isn't waiting for the mood to improve.

watching this one 👀

#ETH #Ethereum

most IPOs this size take 𝘆𝗲𝗮𝗿𝘀 to reach anyone outside wall street.

𝗦𝗞 𝗛𝘆𝗻𝗶𝘅 hit nasdaq thursday and was trading in telegram by friday.

the numbers on this debut:

→ $26.5B+ raised, among the biggest foreign debuts in US market history

→ priced at $149, touched $181 on day one

→ 7x oversubscribed

→ makes 50% of the world's high-bandwidth memory, the chips inside nvidia's GPUs

→ tokenized versions live on solana within a day of listing

→ 24/7 access through telegram wallet, backpack, and ondo, no brokerage account

korean market rules kept US retail out of this stock for years.

now it trades around the clock from a phone.

𝘁𝗵𝗲 𝘁𝗼𝗸𝗲𝗻 𝘄𝗲𝗻𝘁 𝗹𝗶𝘃𝗲 𝗳𝗮𝘀𝘁𝗲𝗿 𝘁𝗵𝗮𝗻 𝗮 𝗯𝗿𝗼𝗸𝗲𝗿 𝗼𝗽𝗲𝗻𝘀 𝗮𝗻 𝗮𝗰𝗰𝗼𝘂𝗻𝘁.

$SOL is where this keeps landing, same rails as the rest of the 𝘅𝗦𝘁𝗼𝗰𝗸𝘀 lineup.

i couldn't care less about the day one pop.

biggest AI listing of the year, and the fastest way in was a crypto wallet.

watching this one 👀

#SKHYNIX #xStocks

Most of CT spent this week watching $BTC chop around $63K.
The bigger moves happened 𝗼𝗳𝗳 𝘁𝗵𝗲 𝗰𝗵𝗮𝗿𝘁.

this week alone:

→ 𝗦𝘄𝗶𝗳𝘁 turned its blockchain ledger on after a 9-month build
→ 17 banks piloting tokenized deposits on it: Citi, HSBC, UBS, Wells Fargo, MUFG
→ settlement running 24/7 across six continents, weekends included
→ spot bitcoin ETFs snapped a 10-day outflow streak with $221M+ in one day, biggest in two months
→ 244 crypto firms now fully licensed as Europe's MiCA transition window closed
→ $7.2B+ in bridge volume moved to Chainlink CCIP as Mantle joined the exodus

𝗧𝗵𝗮𝘁'𝘀 𝗮 𝗹𝗼𝘁 𝗼𝗳 𝗶𝗻𝘀𝘁𝗶𝘁𝘂𝘁𝗶𝗼𝗻𝗮𝗹 𝗺𝗼𝘃𝗲𝗺𝗲𝗻𝘁 𝗳𝗼𝗿 𝗼𝗻𝗲 𝗯𝗼𝗿𝗶𝗻𝗴 𝘄𝗲𝗲𝗸.

banks spent a decade calling crypto a casino.

now 17 of them are testing their settlement on it.

boring chart weeks are usually when the building actually happens. watching the Swift pilot closest 👀

#BTC #SWIFTBlockchain

most chains talk about 𝘀𝗰𝗮𝗹𝗶𝗻𝗴 like it's a roadmap item for 2028.

$SOL is cutting finality from 12 seconds to 𝟭𝟱𝟬 𝗺𝗶𝗹𝗹𝗶𝘀𝗲𝗰𝗼𝗻𝗱𝘀 this quarter.

and while everyone was staring at bitcoin ETF outflows, the numbers kept stacking:

→ daily transactions more than doubled since January

→ 8 spot ETFs live since late 2025

→ $1B+ in cumulative ETF inflows

→ 30+ institutions sitting on $540M+ in ETF exposure

→ $6B Alatau City project in Kazakhstan building on the chain

→ back above $80 after a 15% week

that's usage and institutional money moving at the same time.

$ETH ran this exact setup going into its ETF year.

𝗔𝗹𝗽𝗲𝗻𝗴𝗹𝗼𝘄 𝗹𝗮𝗻𝗱𝘀 𝗶𝗻 𝗤𝟯.

watching this one 👀

#solana

Saylor sells again

$MSTR just sold another 𝟯,𝟱𝟴𝟴 𝗕𝗧𝗖.

saylor's team calls it the 𝗕𝗧𝗖 𝗠𝗼𝗻𝗲𝘁𝗶𝘇𝗮𝘁𝗶𝗼𝗻 𝗣𝗿𝗼𝗴𝗿𝗮𝗺. the receipts:

→ 3,588 coins sold for $216M+ over the past week
→ first batch went june 29 and 30, 1,363 BTC for $80.8M
→ then 2,225 more through july 5 for $135.2M
→ the cash covers preferred stock dividends and tops up their USD reserve
→ their first sale in years was june. this is round two already
→ stack still sits at 843,775 BTC

𝘀𝗮𝘆𝗹𝗼𝗿 𝗺𝗮𝗱𝗲 "𝗻𝗲𝘃𝗲𝗿 𝘀𝗲𝗹𝗹 𝘆𝗼𝘂𝗿 𝗯𝗶𝘁𝗰𝗼𝗶𝗻" 𝗮 𝘄𝗵𝗼𝗹𝗲 𝗽𝗲𝗿𝘀𝗼𝗻𝗮𝗹𝗶𝘁𝘆.

now the coins are paying dividends on the stock he issued to buy them.

mstr traded down on the news.

watching for round three 👀

#MSTR #bitcoin

most of CT spent june writing 𝗘𝗧𝗛'𝘀 𝗼𝗯𝗶𝘁𝘂𝗮𝗿𝘆.

the devs spent it building the biggest upgrade since the 𝗺𝗲𝗿𝗴𝗲.

$ETH 's Glamsterdam upgrade is in final devnet, mainnet targeted for H2 2026. what's actually in it:

→ block gas limit going from 60M to a 200M target

→ throughput aimed at 10,000 transactions per second

→ parallel execution via ePBS + block-level access lists

→ standard ETH transfers up to 71% cheaper

→ first base-layer throughput hard fork since the merge

→ mainnet window: september to december 2026

all of this is live in devnet right now.

and the base it's landing on is already deep: 38.9M ETH staked (~32% of supply), $158B in stablecoins settling on it, ETH + its L2s are over half the world's stablecoin supply.

last time the base layer changed this much was the merge in 2022.

𝗽𝗿𝗶𝗰𝗲 𝗳𝗼𝗿𝗴𝗼𝘁. 𝘁𝗵𝗲 𝗿𝗼𝗮𝗱𝗺𝗮𝗽 𝗱𝗶𝗱𝗻'𝘁.

everyone's bearish the candles. i'm watching the ship log. 👀

#Ethereum #Glamsterdam

feels like robotics could be the next meta...

what are we buying??

everyone's staring at the $BTC chart.

the real story is in the 𝗘𝗧𝗙 𝗳𝗹𝗼𝘄𝘀.

𝟳 𝘀𝘁𝗿𝗮𝗶𝗴𝗵𝘁 𝗱𝗮𝘆𝘀 of money walking out the door:

→ worst weekly ETF stretch on record

→ $445M out of spot BTC ETFs in one session

→ $444.5M of that was BlackRock's 𝗜𝗕𝗜𝗧 alone

→ another $469M gone the day before

→ $ETH ETFs red for 7 days too

→ BTC pinned just above $60,000

same complex already bled over $4B in a record streak earlier this month.

retail watches the price.

the size watches the flows.

and the size has been selling all week.

one green flow day flips the whole story. we haven't seen it yet. 👀

#Bitcoin #ETFOutflows

most of crypto spent this year pricing in the next all-time high.

$BTC just printed its 𝗹𝗼𝘄𝗲𝘀𝘁 𝗹𝗲𝘃𝗲𝗹 𝘀𝗶𝗻𝗰𝗲 𝟮𝟬𝟮𝟰.

the full damage, in one screen:

→ price under $60,000, low of $59,334

→ down 20%+ on the month, 42%+ on the year

→ over 50% off the $126,198 October high

→ $ETH back under $1,600, down 22%+ in 30 days

→ $3.4B pulled from spot BTC ETFs in a week, biggest ever

→ $706M liquidated in 24h, 84% of it longs

→ Fear & Greed stuck at 24

this is 8 months of air leaving at once.

leverage wiped, ETFs bleeding, dollar at a one-year high.

𝗲𝘅𝘁𝗿𝗲𝗺𝗲 𝗳𝗲𝗮𝗿 is where the tape gets interesting.

everyone wanted a dip. this is what one actually looks like. 👀

#bitcoin #ETFoutflows

𝗠𝗼𝘀𝘁 𝗿𝗲𝗱 𝗱𝗮𝘆𝘀 are just noise.

this one is the whole market flinching at once.

$BTC under $60k, and the fear is the real story here:

→ Fear & Greed Index sitting at 24, deep in 𝗘𝘅𝘁𝗿𝗲𝗺𝗲 𝗙𝗲𝗮𝗿
→ 30-day sentiment average stuck at 19
→ BTC down 5.47% on the week
→ $13,961 below the May 25 peak of $77,623
→ AI stocks dumped 10%, started in Seoul, bled straight into crypto
→ Fed held rates June 18 and quietly killed the easing talk
→ $735M+ in token unlocks landing this week

𝗡𝗼𝗻𝗲 𝗼𝗳 𝘁𝗵𝗶𝘀 𝗶𝘀 𝗮 𝗰𝗿𝘆𝗽𝘁𝗼 𝗽𝗿𝗼𝗯𝗹𝗲𝗺.

it's risk getting yanked off the table everywhere at once.

fear has been parked under 25 for weeks now.

me, i'm watching the index, not the headlines.

fear this loud usually means people stopped doing the math. 👀

#Bitcoin

every red day gets called a crash now.

this one was just the 𝗰𝗵𝗶𝗽𝘀 bleeding out.

here's what actually happened:

→ $𝗠𝗨 -11.4%, worst day since June 5

→ SMH chip ETF -6.5%

→ $TSM -5.2%

→ $NVDA -3.2% to $201.97

→ Nasdaq down 2.2%, nearly 400 points

→ S&P 500 -1.44% to 7,365

→ Nasdaq-100 on track to shed $1T+ in market cap

𝘁𝗵𝗲 𝘄𝗵𝗼𝗹𝗲 𝗱𝗿𝗼𝗽 𝗹𝗶𝘃𝗲𝗱 𝗶𝗻 𝘀𝗲𝗺𝗶𝘀.

the dow? down 0.09%. basically flat.

money didn't leave, it rotated. walmart and J&J green while every AI name got torched.

and Micron still reports after the bell tonight.

soft memory guidance and nobody's calling a bottom here.

watching that print 👀

#MicronHitsRecordHigh #SpaceXLosesOver$600BInThreeDays