Marcelo Brito

Software Engineer

[Toni Kroos @ToniKroos]

Football won

[Pablo Viruega @PabloViruega]

Fuerza, calidad y técnica... Leo Messi 🐐
#Argentina... Nadie nos contará como jugaba...

[Marcelo Brito @MarceloBritoWD]

@theburntpeanut

[Bob Kendall (The Kendall Report) @PortfolioXpert]

So here’s the issue you get influencers like this guy have a quarter million followers and they claim they don’t know why it is declining… it’s because they don’t understand basic mechanics of price discovery.

They don’t understand that the marginal buyers or the float determines price they think the onchain bitcoin is that is the price discovery

Well, it was once upon a time but now..

Once you can synthetically manufacture the supply, the asset is no longer scarce and once scarcity is gone, price becomes a derivatives game, not a supply-and-demand market.

This is exactly what has happened to Bitcoin.

This is the same structural break that occurred in gold, silver, oil, and eventually equities once they became derivatives-dominated.

The original premise that no longer exists

Bitcoin’s entire valuation logic was built on finite supply (21M) and inability to be rehypothecated.

That died the moment:
•Cash-settled futures
•Perpetual swaps
•Options
•ETFs
•Prime broker lending
•Wrapped BTC
•Total return swaps

were layered on top of the chain.

From that moment forward:

Bitcoin supply became theoretically infinite.

Not on-chain in price discovery.

The metric that explains the collapse

Synthetic Float Ratio (SFR)

Once you can synthetically manufacture the supply, the asset is no longer scarce — and once scarcity is gone, price becomes a derivatives game, not a supply-and-demand market.

That is exactly what has happened to Bitcoin.

This is the same structural break that occurred in gold, silver, oil, and eventually equities once they became derivatives-dominated.

Why Wall Street can now “trade against” Bitcoin

They do exactly what they’ve done in every commodity market:
1.Create unlimited paper BTC
2.Short into rallies
3.Force liquidations
4.Cover lower
5.Repeat

They are not “betting” — they are manufacturing inventory.

The same 1 BTC can now support:
•An ETF unit
•A futures contract
•A perpetual swap
•An options delta
•A broker loan
•A structured note

All at once.

That is six claims on one coin.

That is not a market.
That is a fractional reserve price system.

[Marcelo Brito @MarceloBritoWD]

@Chilearmy123 the best account in this app

[Marcelo Brito @MarceloBritoWD]

@Chilearmy123 Absolute cinema

[Marcelo Brito @MarceloBritoWD]

Just saw this in the React lib code lmao

[Hunter J. Isaacson @hunterjisaacson]

The harder it gets

The more you need to double down

When you think you’re gonna quit

That’s the moment you know you’re close

Just keep shipping

[HerdsZ @HerdsZZ]

Team liquid father 🍼

[Marcelo Brito @MarceloBritoWD]

@Chilearmy123 oh fuk

[Mayne @Tradermayne]

Now we’re praying the government buys our coins.

We might be cooked chat.

[Marcelo Brito @MarceloBritoWD]

@naiivememe at least who had eth is safe.

[Marcelo Brito @MarceloBritoWD]

@frankdegods Congrats bro

[Marcelo Brito @MarceloBritoWD]

@naiivememe I wish 😐

[naiive @naiivememe]

everyone : " we're pre-rich "

me : rich? i just want to comeback to my entry

[Marcelo Brito @MarceloBritoWD]

@stoolpresidente

[Clemente @clementetv_]

Never thought I'd say this but please come back

I miss you

I'm sorry I called you all of those names

Everyone is committing onchain crime and I'm scared

[Marcelo Brito @MarceloBritoWD]

@stoolpresidente is playing the KOL's game. LMAO

[ant @ThisIsNuse]

Too retarded to sell here

Too smart to capitulate

See ya all at zero