Bitcoin is up roughly 24% this week, its strongest since 2023, and touched nearly $80,000. Everyone who spent the summer waiting to buy back at $45,000 is now watching from the sidelines.
Scott Melker argues the last leg cannot be explained by the Treasury news, the record short liquidations, or the White House event. What is left is real buying. Nearly $4 billion of shorts were liquidated across two days, and Bitcoin ETFs took in $606 million on Thursday after more than $500 million on Wednesday.
Plus, the CFTC is becoming the second regulator this week to stop waiting for Congress, South Korean volumes are up 273%, and why Coldcard’s new firmware does not make an old wallet safe.
Timestamps
00:00 Best week since 2023
00:49 Almost $80,000, and $4 billion of shorts gone
01:42 The three catalysts, and why they don’t explain the last leg
02:23 Matt Hougan on who is actually buying
03:10 Nothing changed except the price, and the most dangerous sentiment in markets
03:51 The CFTC won’t wait for Congress either
05:02 Why regulators stopped assuming Clarity passes
06:09 Two and a half years to become too big to fail
06:34 CME’s Terry Duffy calls prediction markets rigged
08:32 South Korea comes back, and XRP leads
09:54 The hot ball of money returns to crypto
10:54 Japan approves its first crypto firm in four years
11:40 Coldcard’s fix isn’t a fix
13:19 How Not To Invest: Mantra halts after an exploit
14:22 The line that kills the bear market
#Bitcoin #Crypto #BTC #XRP #CFTC #ClarityAct #Coldcard #SelfCustody #DailyWolf #ScottMelker #YahooFinance
==
AlphaSpace by Yahoo Finance: A Professional-Grade Investment Platform Built for Everyday Investors.
👉 https://finance.yahoo.com/about/promos/gold/alphaspace?ncid=100003571
source
