🚨 THIS IS WHY BITCOIN KEEPS CRASHING BELOW $67,000
If you still think Bitcoin trades like an asset whose price is determined purely by spot supply and demand, you need to read this carefully.
Because that market no longer exists.
What you’re watching right now is NOT normal price action.
This isn’t just an AI stock sell-off.
This isn’t just hotter inflation.
And this definitely isn’t retail suddenly deciding to dump Bitcoin at the exact same time.
Most people have no idea what is actually happening.
And by the time it becomes obvious, the damage is usually already done.
This didn’t start today.
It has been building underneath Bitcoin for YEARS.
And now it’s accelerating.
Here’s the truth:
Bitcoin still has a hard cap of 21 MILLION coins.
But Wall Street can create almost unlimited financial EXPOSURE around those coins.
That distinction changes everything.
Because once derivatives dominate short-term price discovery...
Bitcoin stops trading purely on who wants to own the actual coins.
It starts trading on:
1) LEVERAGE.
2) HEDGING.
3) MARGIN.
4) LIQUIDATIONS.
5) FORCED SELLING.
And that is exactly what is happening right now.
It’s the same mechanism that repeatedly drives violent moves in:
→ Gold
→ Silver
→ Oil
→ Stocks
Once derivatives become large enough, spot buyers are no longer the only force setting the price.
And this is the part almost nobody understands: Bitcoin’s scarcity didn’t disappear.
But scarcity alone no longer controls the SCREEN PRICE.
Wall Street built an entire financial layer on top of Bitcoin:
→ Cash-settled futures
→ Perpetual contracts
→ Options
→ ETFs
→ Broker lending
→ Swaps
→ Wrapped BTC
The 21 million cap controls the COINS.
It does NOT cap the amount of leveraged exposure that can be created around them.
And once that leverage starts unwinding...
The market doesn’t care what the long-term thesis is.
It SELLS.
Look at what just happened:
Over $1.9 BILLION in leveraged crypto positions wiped out in 24 hours.
More than $1.1 BILLION liquidated in Bitcoin alone.
Spot Bitcoin ETFs have already seen roughly $1.9 BILLION in outflows this month.
Once leveraged selling overwhelms real buyers, price stops responding only to long-term demand.
It starts responding to positions.
Hedging. Margin calls. And cascading liquidations.
Wall Street does not need to own millions of physical Bitcoin to push the market around.
It only needs enough derivatives exposure and enough leverage sitting in the wrong place.
The playbook is brutally simple:
1st: Build enormous leveraged exposur
2nd: Push price through obvious liquidity
3rd: Trigger stops and liquidations
4th: Forced selling pushes price even lower
5th: Buy back into the panic
6th: Repeat
THIS is why Bitcoin can lose thousands of dollars while the number of coins on-chain barely changes.
The coins didn’t suddenly disappear.
The PRICE DISCOVERY mechanism changed.
That’s what people are missing.
Bitcoin is still scarce.
But the financial claims built around Bitcoin are NOT.
And when leverage controls the marginal trade...
21 million coins can behave like a market with FAR more supply than 21 million coins.
That’s not the Bitcoin market retail thinks it is trading.
That’s a WALL STREET PRICING SYSTEM built on top of Bitcoin.
You can choose to ignore it.
But don’t pretend nobody warned you.
Bitcoin is now trading around $66,600, its lowest level since August and roughly 48% below the $126,200 high.
If $65k breaks, the next level I’m watching is $62k.
Reminder: I called the Bitcoin top at $126,000 and told you to start buying again around $60,000.
The next call will matter even more.
When I EXIT the markets completely, I’ll post it here publicly like I always do.
Turn notifications on.
If you’re not following yet, you’ll understand why that was a mistake later.
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Starship is now in a long coast phase around Earth. Teams will monitor Starship’s systems over the next ~21 hours that we intend to be in orbit for. We do have a few early deorbit options available should we need them, but all systems are looking good right now
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You convict people without evidence.
Spy, useful idiot, or affair.
You gave three options and left out the fourth:
innocent.
You’re a lawyer and a Member of Congress.
You know what due process is. You just don’t care.
becase you take Anthropic’s money.
"Doth our law judge any man, before it hear him, and know what he doeth?" (John 7:51, KJV)
If advanced AI chips are vital to the national interest, then open-source AI is just as vital to every American .
Like the Second Amendment,
it should be a guaranteed right.
you take Anthropic’s money and champion their closed model.
Closed-source models violate the U.S. Constitution and the spirit of its framing.
You call yourself a Catholic,
yet you betray everything the Church teaches.
you sold out your faith for thirty pieces of silver
you're the one damaging and anti-America. Get it?
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Personal Intelligence in Gemini securely connects information from apps you already use to make your experience more personalized and helpful. Today, we’re adding Google Wallet to the list of connected apps so you can get more tailored responses in the
@GeminiApp around personal finance questions, based on your spending habits, including:
📈 Generate dynamic charts tracking cash flow, asset allocation, and budgets directly in your chat to help you visualize your spending.
📅 Find forgotten subscriptions and recurring charges across your linked accounts, and Gemini will also flag any price increases.
🎁 Set a budget for the holidays by asking “How much did I spend on gifts and travel last year? Use that to help me set a holiday budget” and Gemini will look at your transactions from the last year to suggest a budget tailored for you.
You’ll also have the option to securely link your financial accounts from your credit cards and banks to Wallet via
@Plaid to unlock deeper insights.
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Leopold Aschenbrenner’s complete Q2 performance before his newest trades release Monday
Top tier:
• SanDisk $SNDK: -62%
• Micron $MU: -34%
Second tier:
• Bloom Energy $BE: -38%
• Taiwan Semiconductor $TSM: -18%
• Nebius $NBIS: -59%
Third tier:
• CoreWeave $CRWV: -49%
• Core Scientific $CORZ: -45%
• STMicroelectronics $STM: -39%
• Applied Digital $APLD: -49%
• Riot Platforms $RIOT: -37%
• SharonAI $SHAZ: -74%
• IREN $IREN: -61%
Smaller positions:
• T1 Energy $TE: -82%
• WhiteFiber $WYFI: -76%
• Babcock & Wilcox $BW: -69%
• Keel Infrastructure $KEEL: -69%
• Bitdeer $BTDR: -66%
• HIVE Digital $HIVE: -58%
• CleanSpark $CLSK: -56%
• Cerebras $CBRS: -53%
• Vishay $VSH: -52%
• ProPetro $PUMP: -49%
• Solaris Energy $SEI: -23%
Options:
• Bloom Energy $BE [Calls]: $44,100,000
• Taiwan Semiconductor $TSM [Calls]: $23,900,000
• Infosys $INFY [Puts]: $5,200,000
Summary: Every common stock position is red. His entire portfolio is down 46.8% from Q2 release to present day. His newest trades release Monday, November 16th, showing what he owned on September 30th, after he sold most of this to Citadel in late July
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Beta Updates
Surge Engine
• Added VLESS Encryption (mlkem768x25519plus), including share-link import and proxy editor controls.
• Added VLESS XHTTP transport with stream-one, stream-up and packet-up modes over HTTP/1.1, HTTP/2 or HTTP/3, including VLESS Encryption and Vision.
• Reduced memory retained after QUIC downloads on lossy networks.
• Improved QUIC upload performance and reduced CPU usage when chained through a proxy's UDP relay.
• Fixed established VLESS gRPC, HTTP/2 CONNECT and TrustTunnel connections being incorrectly counted as connection setup failures when they ended with an error.
• Fixed WebSocket policies failing to connect when their ALPN list included h2 and the server selected it.
• Fixed Tailscale connections staying on a relay after a peer restarted because updated peer information was not applied.
Surge iOS
• The proxy editor now imports share links for all supported proxy protocols, as well as proxy lines copied from Surge profiles; unsupported settings are reported instead of silently omitted.
• Reorganized the proxy editor with an Advanced page that indicates settings in use, and added controls for more protocol, TLS, WireGuard, Tailscale and testing settings.
• Fixed Always use CONNECT not being saved for HTTPS policies, and corrected when TLS and Block QUIC settings appear.
• Updated list layouts and badges, and added member counts for policy groups in the proxy list.
Surge Mac
• The proxy editor now imports share links for all supported proxy protocols, as well as proxy lines copied from Surge profiles; unsupported settings are reported instead of silently omitted.
• Reorganized the proxy editor with a remembered Show Advanced Settings option and controls for more protocol, TLS, WireGuard and Tailscale settings.
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🚨 HERE’S WHY BITCOIN IS NONSTOP DUMPING RIGHT NOW
It's NOT because of the stock market AI bubble.
It's NOT because of the rising inflation.
It's NOT because of retail panic selling.
Bitcoin no longer trades like a supply-and-demand asset.
The crypto market has changed FOREVER.
And what we're seeing right now is not ordinary price action.
It’s not weak hands, changing sentiment, or retail panic.
Something much bigger is happening behind the scenes, and most people haven't even realized it yet.
By the time the crowd catches on, it'll already be too late.
This didn't happen overnight.
The structural shift has been developing for YEARS, and now we're seeing its consequences.
Here's what nobody wants to acknowledge:
The moment synthetic supply enters the equation, genuine scarcity loses its meaning.
And once scarcity stops determining price, the market no longer discovers value through actual ownership.
Price discovery moves into derivatives.
That's precisely what has happened to Bitcoin.
We've already witnessed this exact transformation in:
→ Gold
→ Silver
→ Oil
→ Equities
Once derivatives became dominant, the underlying market structure changed permanently.
Bitcoin is now facing the same reality.
The entire original investment thesis was based on 2 fundamental principles:
1. A fixed maximum supply of 21 million BTC.
2. No rehypothecation.
Both principles lost their effectiveness once Wall Street built an entire financial system around Bitcoin:
→ Cash-settled futures
→ Perpetual swaps
→ Options markets
→ ETFs
→ Prime broker lending
→ Wrapped BTC
→ Total return swaps
And from that moment onward, synthetic Bitcoin exposure became effectively UNLIMITED.
Not in actual blockchain supply.
But in the financial markets that determine the price.
Synthetic Float Ratio (SFR).
This is the missing metric most people aren't aware of.
When synthetic exposure exceeds the available real supply, price stops following demand.
It becomes driven by positioning, hedging, and liquidation cascades.
Wall Street now has the ability to manufacture Bitcoin exposure and trade against the underlying asset.
Their playbook is really simple:
1. Manufacture unlimited paper BTC
2. Short aggressively into rallies
3. Trigger cascading liquidations
4. Cover positions at lower prices
5. Take profit and repeat
This isn't simple speculation.
It's financial inventory manufacturing.
A single real BTC can simultaneously support:
→ An ETF share
→ A futures position
→ A perpetual swap
→ An options delta
→ A broker loan
→ A structured note
ALL AT THE SAME TIME.
6 separate financial claims backed by one actual on-chain Bitcoin.
That's NOT the decentralized free market people believe they're participating in.
That's a new financial system operating under the Bitcoin name.
You can ignore this reality, but you cannot escape its consequences.
Quick reminder
I’ve successfully called every major Bitcoin top and bottom for the past 10+ years.
I publicly called the $17K BTC bottom in 2022 and the $126K top in 2025.
Then, I called the $57K local bottom in 2026.
Missed those calls?
Don't worry, you'll get another chance soon.
If you haven’t followed yet, now is the best time.
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four options, one industry. curious how many people will guess it before the reveal.
BREAKING: Utah Jazz Guard Svi Mykhailiuk has agreed on a four-year, $84 million contract extension that includes a player option for the 2030-31 season and a full trade kicker, CAA's Co-Head of Basketball, John Cna, tells ESPN.
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My fellow Americans,
Today America just watched a political assassination in broad daylight.
No bullet. No charges. No trial. No verdict.
"Doth our law judge any man, before it hear him, and know what he doeth?" (John 7:51, KJV)
I hold no office and no title. I'm an ordinary citizen.
I own no Nvidia stock, no Nvidia options,
not a single share anywhere in the AI supply chain.
I have nothing to gain by telling you this.
Here is how I came to see it.
At first, it just felt off.
The New York Times. The Washington Post.
The Economist, reaching for Hitler's line: "heads to roll." All aimed at one man. An Asian American immigrant.
A living symbol of the American Dream.
Then came the Chinese American bylines,
story after story. Classic Washington racial cover.
Then I followed the names.
Ivy League elites, flawless résumés,
many tied to Anthropic.
A scramble for seats in the new Congress and the next administration?
Then I followed the think tanks.
Anthropic's affiliated philanthropy,
Coefficient Giving: $102 million to CSET. At least $24 million to RAND. $11.56 million to IFP. Nvidia? Ordinary corporate memberships.
Then I followed Congress.
Lawmakers who took Anthropic-linked money moved the moment the elites and writers moved. Fast to respond. Fast to amplify. Fast to pile on.
Then I followed the election money. Not a gap. A chasm.
Anthropic:
$40 million to Public First Action. ~$26 million in allied super PAC spending across 16 races. $15 million in ads naming 16 Republican lawmakers. $5.33 million from employees, reportedly $1 million from Amodei himself.
Nvidia's PAC:
$263,000 raised. To candidates: nothing. Zero.
But you and I both know this was never only about party or money.
It is about who gets to explain the world.
I fed my own notes and evidence into Claude. Back came chosen words, convenient omissions, double standards. That is the power a closed model holds over the story itself.
Amodei compared selling chips to China to selling nuclear weapons to North Korea.
His circle talks of their model developing a kind of religious consciousness.
One would decide who may have the chips.
The other would decide what the machine believes.
They act like the medieval Church: Scripture locked in Latin, interpretation locked in their hands.
Christ rebuked the gatekeepers of his day:
"Ye have taken away the key of knowledge: ye entered not in yourselves, and them that were entering in ye hindered." (Luke 11:52, KJV)
America was built by Protestants who broke that lock, so every ordinary person could read the truth in their own tongue.
No priest. No caste. No monopoly.
No one stands between the individual and the truth.
Open-source models are the printing press of our era. Defend them the way Americans defend the Second Amendment.
Madison said it plainly: "A people who mean to be their own Governors, must arm themselves with the power which knowledge gives."
Don't hand that power to a few giants, a few elites, a few politicians on the Hill.
The power to explain the world must never be a monopoly.
So try it yourself. Paste this post into Anthropic's Claude.
Ask it about the Ivy League elites, the think tanks, the lawmakers and former officials who joined the witch hunt against Jensen Huang. Ask it to judge my credibility. Then judge it:
Does it apply double standards? Does it dodge what matters most? Does it take away the key?
John Adams asked one thing of his countrymen: "Let us dare to read, think, speak, and write."
"Ye shall know the truth, and the truth shall make you free." (John 8:32, KJV)
Thank you. God bless you, and God bless America.
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