**Reply:**
Instalment payments are standard across top clubs—it's how most big deals are structured.
Manchester United owe rivals ~£422M in unpaid transfer fees (as of Feb 2026 reports), with £238M due within 12 months—way more than Barça's £138M.
Chelsea and others also carry heavy payables. Football finance is full of deferred fees; Barça gets singled out more because of their unique cashflow/regulatory issues.
‼️JUST IN: Barcelona believe that finding Lamine Yamal, Hansi Flick, and Deco all at once have saved the club from entering a 'dark era.'
It reminds the board of having the 'Pep Guardiola, Txiki Begiristain, and Leo Messi' trio in the club's golden age.
— @TouchlineX
You’ve been getting QE & QT wrong all these years.
QE pumps money, crushes rates, lifts markets.
QT drains cash, tightens credit, and breaks rallies.
Same central banks—opposite outcomes driving every cycle
Here's All put in a single Infographic
Read & Bookmark this👇
Seberapa Bullish Q4 2025 berdasarkan kondisi Makro terakhir dan sentiment yang ada :
1. Fed Pivot Imminent
Rate cut 25 bps di 29 Oktober hampir pasti. QT juga akan segera diakhiri → likuiditas naik, tekanan yield turun. Ini jadi katalis utama buat risk assets.
2. Earnings Season Solid
Earnings US — terutama sektor teknologi — outperform besar ( EPS Intel naik +1.191% diatas estimasi ). S&P500 & Nasdaq udah new ATH → menandakan market masih dalam bull phase, bukan resesi.
3. CPI
Inflation report dirilis lebih rendah dari perkiraan, jelas good for risk assets, karena artinya The Fed tetap bisa fokus rate cut untuk support dari sisi Maximum Employment. [ Tenaga kerja ]
4. Tariff Risk Mereda
Trump bilang tarif 100% ke China “tidak sustainable” → sinyal negosiasi, bukan eskalasi. Sentimen global membaik seiring peluang de-eskalasi dagang AS–China. Meeting di akhir Oktober untuk penentuan. [ Tetap uncertain ]
5. Gold Overbought → Rotasi ke Risk Assets
Gold sudah rally 9 minggu berturut-turut dan mulai koreksi di minggu ke 10 ( Saat ini ). Jika profit taking berlanjut, potensi money rotation ke Bitcoin & equities makin besar.
6. Leverage Udah Dibersihin
Data derivatif menunjukkan long sudah washout → market uda ga dalam keadaan leverage extreme. Artinya, ada ruang bagi buyer baru untuk dorong harga tanpa tekanan likuidasi besar.
7. Seasonality Factor
Secara historis, Q4 identik dengan Halloween effect & Santa Rally. Kombinasi data makro + psikologi pasar bisa dorong euforia jangka pendek sebelum 2026 masuk fase risiko baru.
8. Presidential First-Year Effect : Market Historically Bullish
Secara historis, tahun pertama masa jabatan presiden AS yang baru terpilih cenderung diiringi dengan kenaikan signifikan di pasar saham — dari awal hingga akhir tahun.
Terbukti hingga saat ini, US Equities masih mencetak all-time high, sejalan dengan pola historis tersebut. [ Masih ada sisa waktu 2 bulan terakhir untuk BTC printing new ATH ]
Kesimpulan :
Q4 masih punya peluang untuk BTC printing new ATH, tapi bukan waktu yang tepat untuk FOMO. Gunakan momentum ini buat take profit, rebalancing, dan siapkan cash untuk 2026 nanti yang perlu di antisipasi sebagai Bear Cycle.
I fell deep into the Central Bank liquidity rabbit hole 🐇. Here's another indicator by me focusing on debt-refi cyclicality in reciprocitiy to global liquidity in $BTC cycles. So clean and ultra-predictable in yet so "different" $BTC cycles. This time, it's not different. 🚨👇
BITCOIN & TULIPS
You may not like it. You may not see it. It may even provoke you.
We have the largest Bubble EVER. And Crypto is the very definition of it.
That does not mean, that the Technology (Blockchain etc.) will not change the World. It 100% will.
But Crypto is a Bubble - and it will burst!
And yes - same for Bitcoin!