Steve #btc

🇦🇺 30s -
Spiritually connected-
Digital revolution is happening aquire BTC - ETH📈

[Steve #btc @dori_s14]

Not too mention the more mainstream #BTC has become over the last 48months with all its #SAFU ledger system. #Earth is transitioning from #Analog to #Digital

[CZ 🔶 BNB @cz_binance]

History may not predict the future, and correlation does not prove causation.

Here are just 2 charts around the previous #bitcoin halving. Watch what happens AFTER halving. Markets are inefficient, at least, historically.

Just data, draw your own conclusions.

[Horse @TheFlowHorse]

TV is known for charting, which happens to be the least useful thing for your trading, and under-utilized for some of their other more beneficial features.

Play around on Claude and just write some scripts for Pine Screener. Imagine scanning charts instead of using filters.

[Smit3y @smit3y_]

TeraWulf-Google Partnership: $3.7 Billion AI Infrastructure Deal Breakdown 🪫⚡️

TeraWulf Inc. ( $WULF ) announced today a partnership that fundamentally repositions the company from a Bitcoin mining operation to a major AI infrastructure provider, something that many people who follow Bitcoin mining stokcs have been waiting for. The deal, involving Fluidstack as the primary customer and Google as the financial backer has sent the stock surging over 40% in today's trading session.

The partnership centers on two separate 10-year high-performance computing (HPC) colocation agreements with Fluidstack, an AI cloud platform that operates GPU clusters for major technology companies. Under these agreements, $WULF will deliver more than 200 MW of critical IT load (representing approximately 250 MW of gross capacity) at its Lake Mariner data center campus in Western New York.

The initial 10-year contract value totals $3.7 billion, with two optional five-year extensions that could bring the total contract revenue to $8.7 billion over 20 years. This represents annual contracted revenue of approximately $370 million during the initial term, compared to TeraWulf's Q2 2025 quarterly revenue of just $47.6 million. To but it lightly, this is an absolutely enormous announcement for the company and for all Bitcoin Miners looking to turn to the AI/HPC space.

$GOOG's involvement extends far beyond a typical customer relationship. The technology giant will backstop $1.8 billion of Fluidstack's lease obligations to support project-related debt financing, effectively de-risking the entire venture for $WULF, giving added liquidity and security to the underwriting of the deal. In exchange, Google will receive warrants to acquire approximately 41 million shares of $WULF common stock, representing an 8% pro forma equity ownership stake. It is pretty cool seeing a hyperscale like $GOOG betting on the success of some of these miners.

This arrangement is particularly significant because it provides $GOOG with both a financial stake in $WULF's success and substantial influence over the AI infrastructure being developed. The $1.8 billion backstop represents nearly half of the total contract value and ensures $WULF can access necessary project financing, giving $GOOG and its HPC team a lot of weight on any business decisions that are made through on the Lake Mariner Data Center Campus.

Now to breakdown some of $Wulf's Q2 2025 earnings. The company generated $47.6 million in revenue, representing a 34% increase from $35.6 million in Q2 2024. However, this growth came amid significant operational challenges stemming from Bitcoin's April 2024 halving event.

Key Q2 2025 Financial Metrics:
- Revenue: $47.6 million (vs. $35.6 million Q2 2024)
-Cost of Revenue (excluding depreciation): $22.1 million (vs. $13.9 million Q2 2024)
- Cost of Revenue as % of Revenue: 46.4% (vs. 39.1% Q2 2024)
- Adjusted EBITDA: $14.5 million (vs. $19.5 million Q2 2024)
- EPS: -$0.05 (beat estimate of -$0.06 by 16.67%)

Now $WULF was able to self-mine 485 bitcoin at Lake Mariner during Q2 2025, down from 699 bitcoin in Q2 2024. This 30.6% decline was anticipated due to the April 2024 halving. Despite mining fewer bitcoins, the value per bitcoin increased significantly to $98,219 compared to $65,984 in Q2 2024, reflecting the 48.8% increase in Bitcoin prices. However, the power cost per bitcoin doubled to $45,555 from $22,954, highlighting the margin compression caused by halving, rising network difficulty, and power price volatility.

Mining Infrastructure Expansion:

- Bitcoin mining capacity: Increased 45.5% year-over-year to 12.8 EH/s
-Operational hashrate: 12.2 EH/s (vs. 8.0 EH/s in Q2 2024)
- Interconnection approval: 500 MW from the grid, with pending approvals to reach 750 MW

Strategic Business Transformation
Lake Mariner Facility Capabilities
The Lake Mariner data center campus represents the cornerstone of $WULF's AI infrastructure strategy. Purpose-built for liquid-cooled AI workloads, the facility features several critical infrastructure advantages that positioned it to win this major contract:

- Dual 345 kV transmission lines for redundant power supply
- Closed-loop water cooling systems designed for high-density compute
- Ultra-low-latency fiber connectivity for real-time AI inference
- Predominantly zero-carbon energy sourcing, meeting sustainability requirements

The facility's location on the site of a retired coal plant in Western New York provides both the power infrastructure and environmental profile that major technology companies increasingly demand for their AI operations.

The partnership follows an aggressive but achievable deployment schedule. Phase one deployment of approximately 40 MW of critical IT load is expected to come online in the first half of 2026. The full 200+ MW deployment is targeted for completion by year-end 2026, representing an 18-month buildout timeline from announcement. $WULF expects to begin recognizing HPC hosting revenues in Q3 2025 from its existing Core42 contract, marking the initial transition from pure Bitcoin mining to diversified digital infrastructure. This timing positions the company to demonstrate AI hosting capabilities before the major Fluidstack deployment begins.

The TeraWulf-Google-Fluidstack partnership represents a defining transformation for the company - and truly for the industry as a whole -establishing it as a major player in AI infrastructure hosting. With $3.7 billion in contracted revenue over the initial term and potential for $8.7 billion with extensions, the deal fundamentally changes $WULF's business model and growth trajectory. Not only that, it serves as a remarkable precedence for the variety of other miners who are looking to make the same switch ( $IREN, $CIFR, $CORZ, $RIOT, etc..).

The $GOOG backstop provides exactly the hyperscaler backing that is needed to support the validity of swithcing form a Bitcoin mining to AI/HPC play. While the Lake Mariner facility's technical capabilities position $WULF to meet the demanding requirements of next-generation AI workloads. For investors, this partnership offers exposure to the rapidly growing AI infrastructure market while maintaining the company's Bitcoin mining operations as a complementary revenue stream.

The market's enthusiastic response, with shares surging over 40% today, reflects recognition that $WULF has successfully pivoted from a volatile cryptocurrency mining operation to a diversified, high-margin digital infrastructure provider with Fortune 500 backing and multi-billion dollar revenue visibility.

This truly is a turning point for the industry, and hopefully more light can be shed on the very many miners that are attempting to follow suit. I currently hold no positions in $WULF, with my only pure play miner to HPC position being in $IREN, yet would like to pass on a huge congratulations to all $WULF shareholders who have been rewarded with this 40% move.

Miners will make a large move in the months to come. The bottleneck is energy, it always has been. $NVDA, $META, $GOOG and more will always have the money, but will need to look for alternatives to satiate their power needs. Bitcoin Miners are looking like a better and better alternative as the months keep passing.

If you have read this far, thank you for taking the time!

Congrats again to all $WULF holders!! 🎉🎉

[Dyme @CryptoParadyme]

another signal I like to watch, who knows if it will come true.

200 weekly EMA passing the previous ATH is usually a heads up

[Arkham @arkham]

DASHBOARD FOR TOP BTC TREASURY COMPANIES ON ARKHAM

All of the top BTC Treasury companies are now collected into an Arkham Dashboard. Now you can:

- Track the movements of BTC from the companies’ individual wallets
- Monitor their balance changes in real-time
- Analyze buying and selling activity from the largest BTC treasury companies

Dashboard link below:

[TechDev @TechDev_52]

This look close to a top?

[CoinGlass @coinglass_com]

Bull Market Peak Indicators

Guys, what do you think?
https://t.co/DaDFjn2Nyx

[Michael Burry Stock Tracker ♟ @burrytracker]

When the S&P just hit all-time highs but 60% of Americans are using Afterpay to buy groceries

[Fileverse @fileverse]

Introducing: https://t.co/EMp8vFhn3l 👩‍🔧

Decentralized spreadsheets made for the global economy & open Internet

[Coinbase 🛡️ @coinbase]

Who’s got the “Price of Housing in Bitcoin” chart?

[Michael Saylor @saylor]

Strategy announces pricing of its Stride Perpetual Preferred Stock $STRD Offering and upsizes the deal from $250M to $1B. $MSTR https://t.co/3p2J6qRu38

[Disclose.tv @disclosetv]

NEW - Trump's "Big Beautiful Bill" bans all 50 states from regulating AI for 10 years, centralizes control at the federal level, and integrates AI systems into key federal agencies.

[Roman Sutherland | Nousophy @Nousopher]

The Descending Abyss: A Fractal Volatility Reversal Structure

What you're seeing here isn't just a wedge.
It's not even just a reversal.

This is the Descending Abyss, a structure I’ve tracked and traded for years. It shows up at bottoms where fear compounds.
Where pain becomes recursive.
Where the market fractures, structurally and psychologically. Let me walk you through it.

Macro Structure:
Broadening Descending Wedge (BDW) Price expands into lower lows and lower highs.
Five chaotic waves unfold:

A → B: Initial drop + failed bounce
- Break of key structure
- Volume accelerates
- Bounce is shallow and weak, usually on declining volume

B → C: Breakdown through structure
- Often mirrors A → B in range
- Higher volume than the previous drop
- Begins with a bearish retest or hidden bear divergence

C → D: Convincing retrace (traps longs)

- Non-local bull div likely from A → C
- Wave C often met with hidden + local bear divergence
- Rejects at overlapping key levels:VAH, POC, or VAL of previous waves
0.618 fib of B → C retrace

D → E: Terminal drop
- This is where everything fractals.
- Volume increases consistently
- One or more nested BDWs often emerge within this leg

In the chart shared, there are three total BDWs, all Wave E's converge simultaneously

- At the convergence:
-- Volume spike
-- RSI extremes
-- Structural break + local divergence

—

Fractal Abyss:
Wave E becomes its own wedge

Inside that final leg down, the market folds in on itself.

A new 5-wave BDW forms:
(A) → (B) → (C) → (D) → (E)

- RSI diverges
- Volume builds > Climaxes
- Final micro (E) = capitulation flush

This is the core of the Abyss.
It looks broken. It feels final.
But it's not the end, it's the reset.

—

Reversal Trigger:

How to Enter When micro (E) completes:

- Volume spikes
- Trendline breach and reclaim
- Local divergence confirmed

Entry Logic:
If reclaim + high vol + trendline break/claim→ use ATR stop
If divergence confirmed → stop below wick of divergence lock-in low

This isn’t a bounce.
It’s a systemic reversal.
Weak hands are cleared. Structure resets.

Psychological Fracture

This pattern doesn’t just unwind price.
It unwinds belief.

Each wave goes deeper.
Each bounce grows weaker.

Hope dies in D. Conviction dies in E.
The abyss doesn’t just pull you down, it watches.

And when belief is finally gone?

That's when it turns.

“If you gaze long into an abyss, the abyss also gazes into you.”
— Friedrich Nietzsche

—

Pattern Name: Descending Abyss
Structure: Broadening Descending Wedge + Nested BDWs inside Wave E (with Bump-and-Run behavior)
Use Case: Bottom recognition, recursive fear reversal, liquidity climax identification
Where it thrives: High volatility, systemic unwinding, emotional extremes

—

This pattern is rare. But when it appears, and you know what it is,
You stop chasing hope.
You stop getting liquidated.
You start front-running disbelief.

Many of you have seen me buy these extreme moments with confidence.

If you want to understand the market in-depth, check out my very affordable Anatomy of Trade Timing workshop. All info + signup: https://t.co/HSWU4LEIa8

Give this post a like and a share if you took something away from it!

Cheers!

[Steve #btc @dori_s14]

@ItsMeSass That and this is epic 🥳

[Dan Tapiero @DTAPCAP]

Forward market inflation indicators collapsing into danger zone.

Fed doesn't need to be "obvious" data dependent (Kevin Warsh).

Data here clear as day.

Liquidity spigot coming as real rates too restrictive given fiscal tightening.

++bitcoin/gold/ndx, -usd

180k btc in 12mo.

[Tomas @TomasOnMarkets]

😮 The Fed will restart QE this year?

Goldman Sachs believes the Federal Reserve will start expanding its Treasury holdings again soon.

According to this chart (h/t @BlacklionCTA), current GS expectations are that Fed Treasury purchases will begin again in Q4 2025.

But at a teeny tiny pace.

🤔 So what's this all about then?

This is not particularly surprising.

It's been part of the "plan" for some time.

The charts below from a Fed paper in early 2024 show that the Fed balance sheet is proposed to grow very slowly alongside GDP growth.

This is planned to be largely achieved by the Fed stopping sales of Treasuries but continuing to offload its holdings of Mortgage-Backed Securities.

And using the proceeds from MBS sales to buy Treasuries (likely bills/shorter-dated Treasuries).

So, basically mostly a "switcheroo" of the Fed's balance sheet - slowly decreasing the percentage of Mortgage-Backed Securities and slowly increasing the percentage of Treasuries.

So, not really QE at all.

This will likely have very minimal, if any, impact on wider markets.

To all the "QE is just around the corner" hopers, this is not the QE you are looking for.

I'm not necessarily entirely discounting that it's possible the Fed could actually restart "real QE" in the not-too-distant future.

But I'm sure for this to happen we need a "big catalyst":

1⃣ Widespread financial crisis of some kind
2⃣ Big black swan event (pandemic, war etc)
3⃣ Treasury market freak-out
4⃣ Deep recession

Currently, in my view the most likely (although still probably quite unlikely) is number 3.

A big surge in Treasury yields in recent weeks has already forced the Trump administration into a climbdown on tariffs.

Should 10-year Treasury yields continue to rise quickly past 4.5% and above 5% - this could potentially constitute a "Treasury market emergency" and could force Fed intervention.

[The Bitcoin Historian @pete_rizzo_]

BREAKING: WALL STREET GIANT CANTOR FITZGERALD RAISING $3 BILLION TO CREATE A “MASSIVE STOCKPILE OF #BITCOIN”

THEY WANT TO COMPETE WITH MICROSTRATEGY. MASSIVE 🔥

[TradeStream @tradestream_xyz]

real. lets make an awful thread on this:

[TradeStream @tradestream_xyz]

Most traders think they have edge.

What they really have:

– Hope
– Tilt
– A few lucky wins

We built something to expose to expose your flaws

And right now, you can use it free... for life — 🧵

[Roman Sutherland | Nousophy @Nousopher]

$20,000 Ethereum, coded?

This was Bitcoin, back in 2019, it rallied, formed a "symetrical triangle", then BAKKT listed their futures, and begun the broadening descending wedge. COVID was the liq grab.

Ethereum has since set up the same structure. Recovery rally. Lots of pain and misery, and maybe not even finished it's broadening yet, however, 20k is the target if this is to play similar to Bitcoin did in the last cycle.

While these are meme's, look at how clean BTC reached it's meme target.

$20k eeeeeeth. coded. or I delete this tweet.

[John Bollinger @bbands]

Classic Bollinger Band W bottom setting up in $BTCUSD. Sill needs confirmation.
https://t.co/v1qfBbEoDV
Remember: The fraudsters are legion. I will never ask you for anything. #BollingerBands #btc