🚨WRESBAL (the reserve balances of commercial banks held at the Fed) dropped another $21B this week, to $3,160B.

WRESBAL outflows will accelerate when the Fed starts cutting rates next week.

[$3tn are about to flood markets and go risk on, BTFD!]

🚨Tricolor Holdings files for bankruptcy in Texas. Tricolor’s bonds were rated AAA 2 months ago by Kroll Bond Rating Agency (July ’25). Today they plunged par to 78¢, with lower tranches to 12¢.

[The Fed will have to cut more than you think, BTFD before crypto explodes!]

🚨Goldman: Major central banks are cutting rates from their cycle peak, but yields are still rising.

This is what happens when you cut rates with high inflation, the liquidity freed up from Central Banks doesn't go to buy Treasuries but flows into gold, bitcoin and riskier assets down the risk curve to hedge against inflation.

[The inflation hedge trade is about to send crypto ballistic, BTFD before everything blows up!]

🚨RWA tokens, including stablecoins, have surged past $300 billion in September, hitting a remarkable ATH of $308.1 billion.

RWA (excluding stablecoins) reached an ATH of $29.1bn.

[Tokenization is a massive driver of liquidity onchain, BTFD before it spills over into everything else!]

🚨Altseason Index: 78.

Days above 75 (current streak): 2 days
Average alt season streak: 17 days
Longest alt season streak: 117 days

[Alt season has just begun, BTFD before everything moons!]

🚨Tether launches GENIUS compliant USA₮ stablecoin project, names former Trump crypto adviser Bo Hines as CEO

🚨Federal budget deficit widens $92B to nearly $2T even as tariffs increase revenue.

Stablecoin market cap today: only $387B. Trillions incoming.

[Bigger the deficit, bigger the pump. BTFD before everything moons!]

🚨BTC reclaims $116k

🚨Fitch downgrades France's "AA-" rating to "A+" citing political instability.

[This adds more fuel to the inflation hedge trade. Load up spot before big money floods crypto!]

🚨The chase is on: Hedge funds bought tech stocks at the fastest pace in 7+ months this week.

[Next that money will start chasing the crypto rally and flow into crypto treasuries. Load up spot before the big money floods in!]

🚨Altseason is intensifying: the gap between open interest between BTC and altcoins has just reached a new record high.

When institutions or whales buy spot, they hedge with futures pushing up the OI.

[This is evidence that institutions have been buying alts. Load up before everything goes ballistic!]

🚨The IRS reportedly moving toward near-real-time crypto monitoring by combining 1099-DA exchange reports, John Doe summons results, and blockchain analytics to create continuous financial profiles.

*In the last parabolic bull year, 2021, the IRS reported $3.5B in crypto related seizures driven largely by John Doe summonses alone.

-sauce

[For this year they're going to confiscate 100x times that. Load up spot before big money floods crypto!]

🚨In 2016–2017, Ethereum formed a classic bear trap before soaring to new ATHs. Now in 2024–2025, the chart shows a very similar setup. [We told you at the pico bottom and we're telling you again now, BTFD!]

🚨The MOVE index has resumed making new lows closing Friday at 73.3, the lowest since January 2022.

Fed rhetoric is about to get even more dovish than at Jackson Hole.

[There is no end in sight for this bull, load up spot before everything explodes!]

🚨In FT interview, SEC Chair Paul Atkins signals shift to warning over fines.

*Atkins FT interview: No more surprise crackdowns for technical violations. Companies will get warnings for technical slip-ups before any action.

[This will send risk appetite through the roof. Load up spot before everything moons!]

🚨BULL BASE CASE UPDATE (exclusive analysis by @bullcase) Following the latest batch of US data (NFP, CPI, jobless claims), the 2Y Treasury yield (red curve on the chart) has been falling sharply, increasing the gap with the rates set by the Fed (black curve).

Every time 2Y yields diverged from Fed's rates (red bars), the Fed triggered a rate-cutting cycle that further lowered actual market rates as well. These cycles trigger bull markets that end when the Fed starts hiking again.

The MOVE index also keeps making new lows, confirming the Fed is only going to get more dovish soon. Therefore there are no hikes in sight for now.

In August we updated our base case from a top for Oct-Nov 2025, to Q2 2026. Inflation denial and recessionary signals across bankruptcies, housing, and labor markets indicated the Fed was likely going to get more dovish.

One month later, our base case has been confirmed again by 2Y bond yields. We're expecting 9 months of bull left from here.

Load up spot before it's too late!

🚨3-month correlation indicator, a measure of profit taking activity that shot up in March-April, seems set to break to new lows despite September's negative seasonality.

[Nobody is selling. Load up or you gonna miss the biggest bull market in the history of humanity!]

🚨Last week, flows into Bitcoin ETFs surpassed new supply by 8.93x times.

[Big money is only starting to flood crypto, you're still on time to BTFD!]

🚨Crypto ETP inflows rebounded to $3.3B last week, led by Bitcoin ETPs' $2.4B

[Big money is starting to flood crypto, BTFD!]

🚨$39.9T corporate treasury assets are starting to spill over into altcoins.

BTC & ETH DATs are already massive. Alt DATs is where the opportunity is at.

We're expecting a lot of new alt DAT announcements in the coming months.

[There will be a DAT for every alt coin, BTFD before Wall Street starts aping!]