Since Trump got elected last November and BTC ran from $60K to $100K, Bitcoin has been shaking out the weak and testing the patience of the strong.
For months, OGs holding thousands of Bitcoin have been selling, happy to have held until the $100K milestone and convinced we were near the top of the 4-year cycle.
Over 5.5 million Bitcoin, about 27.5% of the 19.9 million in circulation, have moved at least once at prices above $100,000.
Those coins are moving out of the hands of individual whales and into the hands of convicted HODLers, institutions, and the wealth they represent.
This rotation has helped Bitcoin build one of the strongest bases in its history, sitting just a few percentage points from all-time highs while Twitter cries boredom.
The bears made one final stand on October 10, that violent flash crash that wiped out more leverage in a single day than the first 4 months of the year combined.
It was the bears’ last shot.
And they fired it.
Yet here we stand at $115,000.
Right now, Bitcoin sits in a position that is statistically rare.
The largest positioning rinse in crypto’s history has collided with a macro Goldilocks backdrop.
The Trump–Xi trade deal framework is finally taking shape after 6 months of tension.
Over the weekend in Malaysia, both sides confirmed major progress.
Bessent said the agreement would spare China from 100% tariffs, while China’s rare-earth export ban will be delayed for at least a year, giving the West a crucial window to rebuild supply chains.
At the same time, the Fed is preparing to end quantitative tightening while signalling they will cut rates into a market already at all-time highs.
Trillions of dollars are still sitting in money-market funds, waiting to move back into risk.
All of it adds up to one thing: the world’s biggest markets are turning the corner.
The cloud of uncertainty that has hung over Bitcoin all year is finally lifting.
And as Asia opened last night, we saw it unfold in real time.
Gold is falling, down over 2.5% overnight and 8% since it peaked last Tuesday.
Bitcoin is up 6% and October is officially in the green.
The rotation is on.
The torch is being passed.
When gold topped in 2020, Bitcoin launched within 2 months, rising more than 400% in the following half year.
We could be setting up for a similar story now.
Bitcoin is the next man up.
This could be the moment the world realizes that the 4-year cycle is a thing of the past.
The greatest opportunities in Bitcoin do not come when it is cheap.
They come when the last bear gives up, and the last skeptic runs out of excuses.
This is the setup that only comes around once every few years.
Bitcoin’s time to launch is here.
