🚨The gap between the S&P 500 and the weakening job market has widened significantly since the collapse of Silicon Valley Bank, when Powell still raised rates by 25bps. Today, that gap has reached an ATH.

[This chart is the smoking gun that Powell's higher for longer strategy has been a disaster. BTFD before the Fed becomes ultradovish!]

🚨The number of addresses holding 10K ETH or more has just experienced one of the fastest increases in recent years.

[In Uptober the DATco wealth effect will kick in and money will start flooding other alts. BTFD!]

🚨Moar Early Cycle Signs: The percentage of US states with rising YoY unemployment topped above 80% and is falling fast, suggesting peak labor market stress is behind us.

Historically such tops have marked the start of a new expansionary cycle.

[We'll never see these prices again for a long time, show some conviction and BTFD!]

🚨Altcoin OI spread ATH: $30B surge over BTC, with $2bn added in the last 7 days!

This OI surge is a clear indication that big money keeps rotating into altcoins. When institutions or whales buy alts spot, they hedge with futures pushing up OI.

[Sell BTC for alts before whales pump everything!]

🚨Morgan Stanley Research: Fed Funds currently 100bps behind the market, a spread that's widening.

*The disconnect between weak labor data and Fed caution creates near-term volatility, but supports the bull case if they catch up

Morgan Stanley Research confirming what we noted in our last bull base case update.

Historically, the Fed has no choice but to cut when the 2Y yield keeps dipping under EFFR.

Even if it doesn't cut right away, it cuts more later.

The Fed has been off tune since the SVB collapse. The Sept FOMC presser made it clear Powell finally understands higher for longer has been a disaster.

He will keep cutting.

[BTFD before Powell turns ultra dovish and everything moons!]

🚨The rotation from ETH ETFs into ETH Treasuries has dragged ETH's MVRV back into undervalued territory, after briefly surging past 2 in early September.

ETH is back to being technically undervalued.

[ETH is filling up the tank before the next leg up, BTFD before everything moons with it!]

🚨ETH BUY

[Show some conviction and BTFD before everything moons]

🚨Mike Wilson: ROLLING RECESSION IS OVER (ended with Liberation Day) and the US is now in an early-cycle recovery.

[Wall St catching with early cycle signs. BTFD before everything moons!]

🚨WHY WE DIPPED AND WHY YOU SHOULD BTFD (exclusive analysis by @bullcase)

Like we noted this weekend, institutions have been hedging their surging altcoin spot positions with shorts in the futures market.

When an institution opens a short, someone else takes the long, usually a leveraged trader. Flushes hit the side with more leverage.

Institutions hedging spot positions are 'the strong hands'. The leveraged side is, as expected, the long side. After today's crash the altcoin-BTC OI spread decreased by 20%, down to 23.86bn from 30bn 2 days ago.

Those opening longs with leverage because institutions and whales are accumulating spot will have their stops hunted.

Buy spot, don't touch leverage. That's all you need to do.

🚨Discretionary (independent) investor equity exposure ticked up this week but they are still stuck at neutral with plenty of room to catch up.

Systematic strategy positioning ("Big Money") flipped discretionary investors in summer and has been rising ever since reaching the 92nd percentile today.

Crypto positioning mirrors equities: institutions are leading retail, as seen in ETF and DATCO inflows since summer, despite weak retail participation (low crypto app traffic).

[The pain trade is higher. Much higher. BTFD before institutions start pumping their bags!]

🚨$12.5 TRILLION retirement market → crypto.

US lawmakers just asked the SEC to implement Trump's EO to allow 401k funds into Bitcoin & crypto.

If 1% of America's $12.5T 401k market flowed into Bitcoin, that's $125B. Nearly 2x all BTC ETFs combined.

[Translation: Don't fade big money, BTFD!]

🚨Fed Gov Miran makes his case for why he believes the Fed should cut its policy rate by ~2% from current levels to protect the labor market.

[The market is on his side, BTFD before Powell surrenders!]

🚨ICYMI: $5.95B IN RECENT DAT PIPE DEALS TO BUY ALT COINS

[Big Money keeps doubling down while retail hesitates. BTFD before DATs are announced and Big Money starts pumping their bags!]

🚨Ramaswamy-backed Strive buys Semler scientific to create a Bitcoin treasury powerhouse holding over 10,900 BTC.

[This is the inflation hedge trade playing out while retail sits scared on the fence. BTFD before everything moons!]

🚨HISTORIC: HEDGE FUND SHORTS OF RUSSELL 2000 ('meme stocks') AT ATH

[All those meme stocks are about to turn into DATCOs and squeeze the hell out of hedge funds. BTFD!]

🚨Chicago Fed's Goolsbee says neutral rate is 100-125 bps below current rate

*Golsbee: Inflation target still 2%

[That's why gold keeps ripping, the Fed is on a dovish autopilot but can't afford to admit it. BTFD!]

🚨Bitwise CIO: The Bitcoin Treasury trend may be slowing, but more companies are eyeing 5–10% BTC allocations on their balance sheets.

[That’s Bitcoin penetrating corporate treasury assets as an inflation hedge. Every 1% allocation adds $20k to BTC's fair price!]