Dan Krupka

Macro analyst and speculator @connectioncapit

must never be afraid to go too far, for the truth lies beyond" - Marcel Proust.

[Dan Krupka @dankrupk]

Today I'm proud to announce the launch of Connection Capital (@Connectioncapit), where my goal is to prove that the skills I've gained over the last ~6 years can be translated into capital gains. Links in bio.

More info here:

https://t.co/DxvWsSE2XO

[Dan Krupka @dankrupk]

Fascinating given that XMR was being used as secret exit liquidity for BTC whales until Monero was hit with a 51 percent attack. Then the BTC whales switched to ZEC and now Zcash has been exploited. Someone is trying to prevent BTC from being washed.

[zooko🛡🦓🦓🦓 ⓩ @zooko]

https://t.co/v7BiOdzU9E

[Dan Krupka @dankrupk]

Chiliz (CHZ) long liquidated, again. What a market man

[Santiago Capital @SantiagoAuFund]

take a guess as to why

[Tony @0xRacist]

Anthropic (a company that makes chatbots) is worth as much as the entire crypto industry

[The Hormuz Letter @HormuzLetter]

BREAKING: Multiple Iranian-flagged oil tankers carrying 7 million barrels of oil to China successfully broke through the US blockade in the Strait of Hormuz, the first breach since April 17, per Kpler.

[Dan Krupka @dankrupk]

@Apexpatrick @AndreasSteno

[Dan Krupka @dankrupk]

To get institutional level liquidity and true mass adoption, you need compliance at the blockchain level. That includes privacy. There is no crypto in existence that is private and compliant which is not permissioned. Source: 8 years in crypto. There's a reason why Canton Network is getting so much adoption (not a shill, just following the facts).

[Dan Krupka @dankrupk]

@blknoiz06 ???

[MrBujok @BujokMr]

Do you guys not see what is clearly going to happen

[Dan Krupka @dankrupk]

@nic_carter Is this the train @LynAldenContact keeps talking about?

[Zoran Kole @captain_kole]

Strong first reaction on the range low tap.

However, I would like to see a LTF bearish MS break before considering alt long scalps on popular names.

Otherwise probably just bleeds back down during tradfi.

Think a little extra patience pays here.

[Dan Krupka @dankrupk]

@AndreasSteno I would love to topblast STLD based on this narrative but alas I cannot

[Andreas Steno Larsen @AndreasSteno]

Steel Dynamics is setting up as one of the more interesting cyclical plays right now.

Domestic producer. Pricing power when energy spikes. Leverage to tariffs and protectionism. Direct exposure to US construction, autos, and infrastructure as PMI re-accelerates.

It's a macro-sensitive setup where the regime and the theme are starting to align. That's exactly when I want to be early, not after it's obvious.

[Dan Krupka @dankrupk]

IMO BTC bottoms when a large overleveraged entity finally gets liquidated. Hasn't happened yet and it probably won't be Strategy. I reckon it could be Justin Sun now that HTX has been sanctioned by the UK. He can't move money around as easily and could be liquidating Bitcoin to keep things afloat

[Benjamin Cowen @benjamincowen]

The people worth listening to in the next bull market are the ones who did not abandon you in the bear

[Andreas Steno Larsen @AndreasSteno]

What if Crypto is basically just old news ?

[Edward Dowd @DowdEdward]

Pimco’s Chief Investment Officer says a credit default cycle has begun.

[Dan Krupka @dankrupk]

@LeveredUSTs Who even is Parker Lewis?

[Dan Krupka @dankrupk]

SpaceX IPO 'draining liquidity' from crypto even though the IPO hasn't happened yet has to be the dumbest narrative I've ever seen for why crypto prices are falling.

I've even seen some people go as far as claiming that other recent IPOs have been draining liquidity from crypto, even though these IPOs happened weeks ago.

In other words, the recent IPOs happened too early and the SpaceX IPO is happening too late to explain crypto's current price action. This is clearly specific to crypto.

Just think logically for two seconds. If the SpaceX IPO was really draining liquidity from other assets, then Tesla would be the first to go - classic rotational flows.

And yet, TSLA hasn't fallen. In fact, it has rallied in recent weeks. Same with IGV (software), which should have crashed if AI was 'draining liquidity' from crypto.

Just like in October 2025, the reason for the recent crypto crash is a combination of low liquidity and a lot of leverage, conditions that were present for months.

The real question is why crypto has had such low liquidity since the summer of 2025. I strongly believe the answer is related to private credit. Up for debate.

It's also possible that there's a turf war going on within the crypto industry between Binance and/or Tether vs. Coinbase and/or Circle. Strong evidence of this as well.