💡Tip Jar Enabled
I am now accepting tips on X!
If you enjoy my content and/or want to support my expanded work, you can now send $ directly through my X profile
Tap the 💵 icon on my profile to donate 🙏✨
*further options on my website
#SupportCreators#XTips#BuildInPublic
OPENAI IS GIVING FREE ACCESS TO CODEX AND ALL YOU NEED IS A PUBLIC GITHUB REPO AND 5 MINUTES
$1,200 worth of credits, 6 months of ChatGPT Pro and full Codex access. You don't need to be a senior dev and you don't need a finished project. Half-finished repos get approved all the time.
We’ve raised $50M led by @dragonfly_xyz to go all in on RWAs and bring TradFi liquidity on-chain.
Today, we're launching Phase 1 of our RWA rollout to stress-test our infrastructure before bringing 100+ TradFi markets on-chain this summer.
Prop Firm Sync is LIVE 🚀
Most prop firm traders have never seen their real numbers.
That ends today.
Every eval, reset, fee, and payout — across all firms, automatically.
Your real P&L is waiting...
Click the link below ↓
🚨 BITCOIN MAX SUPPLY IS NO LONGER 21 MILLION NOW.
And this is what causing market's crash.
If you still think Bitcoin price is moving only because of spot buying and selling, you are missing the bigger picture. Bitcoin no longer trades purely as a supply demand asset.
That structure changed the moment large derivatives markets took control of price discovery.
And that shift is a big reason why price behavior feels disconnected from on chain fundamentals today.
Originally, Bitcoin’s valuation was built on two core ideas:
• Fixed supply of 21 million coins
• No ability to duplicate that supply
This made Bitcoin structurally scarce.
Price discovery was driven mostly by real buyers and sellers in the spot market.
But over time, a second layer formed on top of Bitcoin, a financial layer.
This layer includes:
• Cash settled futures
• Perp swaps and options
• Prime broker lending
• WBTC products
• Total return swaps
None of these create new BTC on chain. But they do create synthetic exposure to BTC price.
And that synthetic exposure plays a major role in how price is set. This is where the structure changes.
Once derivatives volume becomes larger than spot volume, price stops reacting mainly to real coin movement.
It starts reacting to positioning, leverage, and liquidation flows.
In simple terms:
Price moves based on how traders are positioned, not just on how many coins are being bought or sold physically.
There is also another layer to this, synthetic supply.
One real BTC can now be referenced or used across multiple financial products at the same time.
For example, the same coin can simultaneously support:
• An ETF share
• A futures position
• A perpetual swap hedge
• Options exposure
• A broker loan structure
• A structured product
This does not increase on chain supply. But it increases tradable exposure linked to that coin.
And that affects price discovery.
When synthetic exposure becomes large relative to real supply, scarcity weakens in market pricing terms.
This is often referred to as synthetic float expansion.
At that stage:
• Rallies get shorted through derivatives
• Leverage builds quickly
• Liquidations drive sharp moves
• Price becomes more volatile
This is not unique to Bitcoin. The same structural shift happened in: Gold, Silver, Oil, Equity indices.
Once derivatives markets became dominant, price discovery shifted away from physical supply alone.
This also explains why Bitcoin sometimes falls even when there's not much spot selling.
Because price pressure can come from:
• Leveraged long liquidations
• Futures short positioning
• Options hedging flows
• ETF arbitrage trades
Not just spot selling.
So the current Bitcoin decline cannot be understood only through retail sentiment or spot flows.
A large part of the move is happening in the derivatives layer, where leverage and positioning drive short term price action.
This does not mean Bitcoin’s supply cap changed on chain.
The 21 million limit still exists. But in financial markets, paper Bitcoin is now dominating and this is what's causing the crash.
@TakeProfitLLC I love continuing to discover that trading, through maintained commitment, can be a way for me to be able to move forward out of the overwhelming sense of helplessness I am currently experiencing & a way to find friends :-) @RichDogGame@tacticalinvest_@LeviRietveld@AshCrypto
This is insane….
A Claude bot just printed +$79,469 in 24h on Polymarket
>New account
>13 predictions
> farming BTC/ETH moves
Profile: https://t.co/af6mMrhODU
And yes… there’s a free GitHub guide showing how to build it.
GitHub: https://t.co/HjiDXEWxgX
Alpha has never been this out in the open