🚨INSTITUTIONAL HEDGES ARE NOT LEVERAGE, DUMMY! (exclusive analysis by @bullcase)

Altcoin OI surged by almost $10bn since the Sep 24 low. Some analysts are trying to sow panic by using alt coin OI as proof that this rally is driven by leverage.

Alt coin OI is a measure of hedging activity, not leverage. When institutions buy spot they hedge with shorts which increases OI. This is perfectly in line with macro flows that have shown 25% of what leaves the Fed ends in alts (~$75bn).

Funding rates signal leverage, but funding rates remain in the norm when compared to the rest of the year.

The September dump had nothing to do with leverage but was driven by the rotation from ETH ETFs to ETH Treasuries that some exploited to FUD by focusing on ETF outflows.

Conclusion: There is no leverage, this is a spot driven rally fueled by cheap liquidity. BTFD!

🚨LAST WEEK INSTITUTIONS BOUGHT 274,507 ETH SPOT

Week ending Sep 26:

🟢 ETH ETFs net bought 40,507 ETH

🟢 ETH Treasuries net bought 234,000 ETH

[Ignore all KOL FUD and BTFD before short liquidations go brrrr!]

🚨NIKKEI UP 4.5% IN ASIAN OPENING TODAY AFTER RULING PARTY PICKS PRO STIMULUS SANAE TAKAICHI

[Japan is also about to join the money printer party, you're not bullish enough!]

WEEK ENDING OCT 5: BNB LEADS MAJORS, PRIVACY COINS EXPLODE

🟢 BNB: +17.54%; BTC +9.65%; SOL +9.11%; ETH +9.08%

Privacy coins outperformed all other sectors:

📈 index price up +38.94%; volume up +1469.79%; open interest up +196.68%

🚨HEDGE FUND GLOBAL POSITIONING IN RISK ON MODE

Gross leverage (borrowed/NAV): 300%
Net leverage (%long-%short): 75%

Big money is positioned for more cuts, more inflation and negative real rates.

[BTFD before everything moons, you're still in time to load up spot crypto!]

🚨BITCOIN ABOUT TO ENTER ITS PARABOLA PHASE TO $250K

If Bitcoin continues to track gold's post ETF path, the recent consolidation marks the same phase gold experienced before its major breakout, which implies a move toward $250K.

🚨JP Morgan: the steepening of the US yield curve is fueled by increasingly unanchored long term inflation expectations and expanding fiscal deficits.

[Longing the Ponzi is the only way to save yourself, BTFD!]

🚨Grayscale's Solana and ETH ETPs have officially activated staking, allowing investors to earn staking rewards for the first time through the regulated product.

[This will supercharge the bull synergy between ETH ETFs and DATs. BTFD because we're still early!]

🚨LONG DATED SOVEREIGN BONDS ARE DUMPING ACROSS THE BOARD

[Out of control inflation everywhere, BTFD before the global fiat crisis sends crypto to the moon!]

🚨NEAR INTENTS BY NEAR PROTOCOL JUST HIT $80M DAILY VOLUME ATH.

You can swap anything for anything natively: ZEC, ETH, XRP, BTC, SOL, stablecoins, EVM assets you name it.

[We live in degen times, BTFD!]

🚨2025 IS GOLD'S BEST YEAR SINCE 1979

[Because the inflation hedge trade is on steroids, BTFD before crypto catches up!]

🚨TRUMP'S TARIFFS STARTING TO SHOW UP IN CPI

[Translation: Trump's tariffs starting to push real rates down. BTFD!]

🚨WHY ISN'T MY ALT PUMPING? (exclusive analysis by @bullcase)

We're inside a global inflation hedge trade on steroids. Remember how BTC pumped in Nigeria, Turkey and Venezuela because of excessive money printing? The same thing is happening today at a global scale!

The entire world is moving toward the Venezuela scenario. Gold is the confirmation signal.

Crypto is starting to catch up: BTC pumps first, majors follow suit, then liquidity trickles down smaller alts. You have to wait for liquidity to move down the risk curve.

Show some conviction and buy spot before everything moons. Longing the Ponzi is the only way to survive. BTFD!

🚨DELINQUENCIES ON SUBPRIME AUTO LOANS HAVE RISEN FROM 2.24% TO 2.32% (EDGAR SEC FILINGS)

[ABS delinquencies will force the Fed to cut moar, BTFD before everything goes full bullgazi!]

🚨BTC DOMINANCE JUST PRINTED A DEATH CROSS ON THE 2W CHART

[It's full of laggards out there. Find a good one to ape in before everything moons!]

🚨32,322 BTC ($3.93B) JUST MOVED ON-CHAIN FOR THE FIRST TIME IN 5 YEARS

The BTC whales that bet heavy and bet late got the memo, BTC.D is imploding and it's time to buy alts.

[BTFD before they pump everything to stack more sats!]

🚨US AUTO LOAN JUST HAD THEIR BIGGEST MONTHLY LOSS SINCE MARCH 2020

The Fed will cut again in October.

[BTFD before JPow turns on the money printer and everything rips! Don't be a rational trader or you will be boiled by all the bad news and capitulate right before the big move comes.]

🚨NEW FILING WITH 3X LEVERED ETFS FOR BITCOIN, ETHEREUM, SOLANA AND XRP FROM GRANITESHARES

[Bullish SIR.trading, just like leveraged ETFs but without volatility decay! BTFD!]

🚨BTC FACES ITS MOST IMPORTANT TEST IN 8 YEARS (exclusive analysis by @bullcase)

If BTC breaks above the 130k–145k level, it will break a long term upper trendline that has lasted for 8 years (black line). That would mean only one thing: BTC's cycle could extend until 2027.

This is inline with our base case that points to a prolonged, exhaustive bull.

Macro supports it: gold keeps making new highs, the Fed is projected to stay dovish and keep cutting, and global sovereign debt markets are tightening further. These dynamics fuel the inflation hedge trade, and show no signs of slowing anytime soon.

Sentiment supports it too: the final phase of a cycle can't be driven solely by institutional investors, as it is now. Retail participation is needed, and so far, they've remained on the sidelines.

This is why we think BTC will break above that black line soon and shift the entire crypto market 4 year cycle forward.

[BTFD before bears start chasing the pump and everything melts up!]