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Daily Stack
DailyStack@primal.net
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DailyStack 13 hours ago
Bitcoin's under pressure again. Here's what's actually driving it, not just the headline number. Short-term holders moved roughly 35,000 BTC to exchanges in profit over the last 24 hours. That's real profit-taking, not panic selling. The trigger: Fed Chair Kevin Warsh's Jackson image
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DailyStack yesterday
Bitcoin dropped more than 5% off its overnight high, and the reason has nothing to do with crypto. Kevin Warsh, the Fed Chair, spoke today in Jackson Hole. Markets read it as hawkish. Here's exactly what happened and why it matters. Warsh reiterated something he's said at every image
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DailyStack yesterday
Bitcoin is stuck at the $80,000 line, and today the real number to watch is $79,600, the average cost basis of actually invested capital. That's the level where the average holder flips back into profit. A clean break above $80,000 wouldn't just be a round number, it would open image
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DailyStack 2 days ago
New addresses on-chain are sitting at levels last seen when Bitcoin traded for a fraction of today's price. Two ways to read that. Either retail simply hasn't shown up to this cycle yet. Or adoption has quietly shifted, happening through ETFs and custodians instead of new image
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DailyStack 2 days ago
BlackRock's Robbie Mitchnick just corrected a mistake the whole crypto industry keeps making. Yes, Bitcoin sometimes trades risk-on short term, because speculators push it that way. But long-term? He calls it risk-off. Scarce, non-sovereign, no counterparty risk. Closer to gold image
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DailyStack 3 days ago
Bitcoin bounced hard off a line that's called nearly every major bottom in its history. If the pattern holds, $450,000 is the "fair price" target by 2029. Here's the model behind that number, and why it deserves both attention and skepticism. It's called the Power Law. The core image
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DailyStack 3 days ago
American workers got their smallest slice of the economic pie since the Great Depression started. Wages and salaries now make up roughly 43% of US gross domestic income. Lowest since records began in 1929. Even the broader measure, including health insurance and benefits, hit a image
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DailyStack 3 days ago
127,271 Bitcoin. Three parties fighting over who owns it. One of them is 9/11 victims. Here's a legal fight nobody's talking about, and it's stranger than fiction. In 2020, someone stole 127,271 BTC from a mining pool called LuBian, the largest Bitcoin theft in history. The US image
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DailyStack 4 days ago
CryptoQuant's Bull-Bear Market Cycle Indicator just flipped. It's now signaling "Early Bull" phase, officially calling the bear market over. The last time this exact signal fired was early 2023. Right before the next bull market picked up real momentum. Worth watching whether image