Wakem Capital Management

Wakem Capital Management is a digital asset & global macro investment management firm

[Wakem Capital Management @WakemCapital]

@APompliano What’s your argument in favor of a rate cut?

[Wakem Capital Management @WakemCapital]

@APompliano Is this post real? I can’t find it anywhere?

[Wakem Capital Management @WakemCapital]

@CryptoCon_ have you considered the “4 year cycle” has less to do with the belief that this is how things always will be and more to do with US monetary policy… 2017 bear market became compounded by interest rate hikes… same story in 2022… today, odds of rate CUTS are likely coming in the near future

[Wakem Capital Management @WakemCapital]

@CryptoCon_ What evidence besides charts, on-chain metrics, TA supports your view of a pro-longed bear market? Or is it just that… charts and TA?

[Wakem Capital Management @WakemCapital]

@CryptoCon_ At what price would you admit that your analysis is incorrect? New ATH in 2026?… just curious

[Wakem Capital Management @WakemCapital]

@CryptoCon_ What’s the definition of a KST cycle top?

[Wakem Capital Management @WakemCapital]

Tether bought more gold last quarter than every central bank

[Wakem Capital Management @WakemCapital]

@APompliano Why?

[Wakem Capital Management @WakemCapital]

On the y axis, we have 2025 months (Jan-Nov) and on the x-axis we have years related to when whale's coins were purchased and have since moved in a particular month across 2025.

Recently, many posts on news media, twitter, etc proclaim that "old whales are dumping bitcoin" in the past 1.5mos, but the data does not support those stories.

Almost 7 million BTC transacted onchain in 2025. Most BTC came from 2024 transactions. One big 84k BTC 2011 whale (highlighted yellow) sold in July ‘25. And some 2017-2023 sellers (also highlighted yellow). But that's it. Interestingly, contrary to popular belief, the whale selling has tappered down Aug-Nov versus earlier in the year (Jan-Apr)

[Wakem Capital Management @WakemCapital]

Relative to the Short Term Holder cost basis, +1 standard deviation move in MVRV has typically signaled local tops while the opposite is true of local bottoms in -1sd moves... At $95K per coin, we've seen just the third instance of a -1sd move of MVRV relative to the STH cost basis in the past 3 years. Prev instances include BTC at $74K in Apr ‘25 and BTC at $49K in Aug '24...

[Wakem Capital Management @WakemCapital]

What makes you so certain of a “solid rate cutting cycle”… Truflation currently shows real-time CPI at 2.67% today.

CPI 7d: +8.9%
CPI 14d: +18.4%
CPI 30d: +19.5%
CPI 60d: +36.4%
CPI 90d: +63.6%

If the Fed is dependent on its dual mandate and labor market picture begins to marginally improve, current CPI trend is dangerous for assuming that “solid rate cutting cycle” plays out

[Wakem Capital Management @WakemCapital]

@APompliano @fundstrat @APompliano what are you thoughts on Truflation showing major uptrend in CPI? Currently measures real-time inflation at 2.67%….

CPI 7d: +8.9%
CPI 14d: +18.4%
CPI 30d: +19.5%
CPI 60d: +36.4%
CPI 90d: +63.6%

[Wakem Capital Management @WakemCapital]

@APompliano Truflation measures real-time CPI at 2.44% (+7.5% WoW and +10.5% past 14d)… this is the highest reading since January of this year.

[Wakem Capital Management @WakemCapital]

Open Interest on Hyperliquid post October 10 liquidation event has dropped ~40%

Interestingly, daily trading volume last week increased by ~17%

However, in the seven-day post-liquidation cascade, daily liquidations on Hyperliquid increased by an average of 70% per day, indicating the majority of traders failed to “make it all back” as emotions run high

[Wakem Capital Management @WakemCapital]

@APompliano @Ashcryptoreal @APompliano what do you make of BTC falling ~18% on Oct 10?… surely, such volatility isn’t characteristic of a reserve asset. Curious about your opinion on what’s needed for BTC’s “digital gold” thesis to be more legitimate/widely accepted?

[Wakem Capital Management @WakemCapital]

Check out @TheKusamarian latest podcast featuring CEO John Vincent and his commentary on Wakem Capital’s inception, crypto markets, and more

[Wakem Capital Management @WakemCapital]

$BTC is currently in the longest ever stretch [182 days] without a +25% upside move within a rolling two-week period

Last time we went this long without one was the Jan 2023 lows

Law of large numbers or weak sentiment?

[Wakem Capital Management @WakemCapital]

A study conducted by Electric Capital shows Ethereum as the #1 ecosystem for new developers in 2025 so far

[Wakem Capital Management @WakemCapital]

ACH still clears around $20 trillion in quarterly payments, but stablecoins are beginning to catch up. From barely registering in 2021, stablecoins now process over $7 trillion a quarter, steadily eating into ACH’s share of digital dollar settlement.