It literally never changes.
Late longs getting flushed hard here.
As this price action develops, it's looking more and more like we had our first level of FOMO push on that leg up to $87k.
This is how it tends to happen.
At the lows, everyone is bearish, hardly any people buy or go long.
Then, price moves up for weeks, whilst everyone stays bearish, expecting it to just get dumped again.
But Bitcoin doesn't drop.
Then, eventually, Bitcoin takes out every line of bear defence, and breaks higher....
Catching them all totally off guard.
Bitcoin is then already 45% off of the bottom, sideliners panic and fomo in.
Adding fuel to the fire are the staunch bears admitting their wrong, further pushing their followers to panic.
As this happens, people chase, ape/long the pumps...
Afriad they're gonna miss more.
And then, with a cruel sense of poetic justice, they get rekt for a second time after missing the bottom, by getting dumped on...
For buying late.
After they got dumped on, they panic sell...
"The bottom must actually not be in"...
Only for the price to rally again after they sell.
This carries on for a while.
It is a plight of an emotional investor that gets bearish at the lows and bullish at the highs.
And it literally never changes.
I’ve said many times that the CLARITY Act is essential to ensuring America wins the global race for new technology. That’s the reason Congress passed the GENIUS Act: to ensure that stablecoin infrastructure, a revolutionary financial technology, will be built in America.
Ensuring that America’s community bank sector continues to thrive has been a constant focus of mine since day one. And the administration’s dual focus on enabling new digital technology to flourish and appropriately tailoring community bank regulation is key to both sectors driving U.S. economic growth together over the next several decades.
The final draft of the CLARITY Act furthers this mission. It gives the Secretary of the Treasury additional authority to act if the facts around deposit flight change to the detriment of community banks. If stablecoins cause harm to community banks, I will not hesitate to use these tools to ensure they remain fully protected. Community banks are essential to U.S. economic performance and Main Street growth. Economic security is national security, and community banks play a major role in this principle.
Currency debasement is back in focus for investors:
The word "debasement" appeared in 1,533 Bloomberg articles last week, the highest weekly count since January 2026.
This was also the 3rd-highest number of weekly mentions on record.
This figure more than doubled from the prior week and surged +750% in 2 weeks.
By comparison, the weekly record in January 2026 was ~1,680 mentions.
The surge comes as investors are increasingly moving toward gold and Bitcoin amid US Treasury intervention in the bond market.
Own assets or be left behind.
✅Bitcoin in profit > 70% (color overlay in this chat)
✅BTC > 200 week moving average (black line)
✅RSI > 50 (trend is up)
✅QE restarted
Feels like the bear is dead and bulls are in charge🚀
The US Treasury Has Now:
1. Announced that Treasury buybacks would double from $2 billion to $4 billion
2. Announced that Treasury buybacks could "more than double"
3. Considered using its $950 billion General Account for these purchases
Meanwhile, the 10Y Note Yield is still ABOVE levels seen prior to their initial announcement on August 19th.
This is going to be a long battle.
IF YOU'RE THE GUY WAITING FOR LOWER BITCOIN PRICES, YOU'RE RETARDED!
And here's why:
Let's assume you have 0 Bitcoin right now and don't wanna buy one at 60k because you think it goes down to 45k.
Case 1:
You are right and Bitcoin goes to 45k. Assuming you then have the balls to actually buy that one Bitcoin, good. You now have one Bitcoin which is going to be worth $600k in 5 years (example).
Your profit is 555k.
Case 2:
You're wrong and Bitcoin doesn't go to 45k. You have 0 Bitcoin. Doesn't matter how high Bitcoin goes in the next 5 years, your profit is guaranteed to be 0.
Case 3:
You're not a retard and you buy one Bitcoin now. So instead of paying 45k, you pay 60k, which lowers your profit from 555k to 540k.
In other words:
In the absolute best case, your market timing saves you 15k. In the worst case, it costs you an entire Bitcoin.