So basically Bitcoin does this thing every 4 years where the entire market thinks bitcoin is dead because the price gets shitted on over and over and over and then it goes back up and everybody forgets about it and gets mad they didn’t buy when it was getting shitted on.
Fuck all these different streaming services. Fuck needing 5 subscriptions just to watch basic nfl season. Fuck this greedy bullshit. Fuck the different types of subscriptions that still show you ads even though you pay. Fuck this hyper consumerism state that we live in today.
What have I been telling you about China.
The Oct 10–11 wipeout was “manufactured,” withdrawals were throttled, and fees plus internal P&L captured the spread.
Wintermute’s own line is that they stopped trading mid-crash because internal risk limits tripped, not to profit from it. That matters because “stood down” vs “leaned on the book” implies opposite motives.
force liquidations, slow withdrawals, book internal P&L, and harvest 8–12 bps on extreme turnover days. That’s exactly the type of play Chinese exchange + MM would do. I just need need order-book and wallet evidence to prove it.
If Washington can make domestic hash-rate and mined BTC the new collateral for Treasuries, the dollar becomes energy backed again this time by compution rather than crude.
That threatens the entire BRICS commodity clearing model China has been building with gold and the digital yuan.
China can’t easily stop American miners or ETF flows directly, but it can attack the price discovery layer.
Binance, Bybit, and Hyperliquid are offshore venues with deep liquidity but no U.S. regulatory leash. Each blaming each other like the Spider-Man meme.
Most large market makers routing through them. Wintermute. Jump, etc. operate globally.
If you control latency, liquidation engines, or synthetic funding rates, you can spike or crush BTC’s price at will.
The easiest way to discredit BTC is to make its market look chaotic and manipulated.
You see gold crash 5% two days in a row?
Exactly. That’s the counter punch. Bitcoin is a large asset class now. Beijing’s rational response is to suppress Bitcoin’s perceived reliability until the U.S. hash-standard architecture is too costly or politically risky to finish.
If the U.S. succeeds, Bitcoin becomes the backbone of a Hash-Dollar energy-reserve economy, reviving dollar hegemony.
the market behavior you’re seeing fits perfectly with a financial proxy war:
Hash-Dollar vs. BRICS-Gold.
WW3 isn’t fought with bullets.
You all act as if sovereign nations don’t know that Bitcoin is the greatest innovation the world has ever seen…
-pigeon