This is the thread for chart requests. If there's a chart, level, indicator, or asset you want me to pull up and break down, drop it in the comments. I go through this thread before every live call and before the daily chart drops, and I pull the ones that come up most. What works well here: - A specific asset or pair (BTC/gold, DXY, ETH/BTC, the 10-year) - A specific indicator you want my read on (MVRV, Puell, the 2Y MA, funding) - A level you're watching and want pressure-tested - A macro chart you saw somewhere and want context on What doesn't work: "what's your price target for Bitcoin." Ask that in the live call! I'll work through as many as I can. If your request shows up in a chart drop or on a call, you'll know why. Drop them below. 👇

The failed $64K reclaim, where we sit on the staircase, and the two-indicator bottom signal that only fires at cycle lows. Full recording can be found below. /// The TLDR The four headwinds, updated. War came back this week with US strikes resuming, and that's why the $64K reclaim failed. The framework held, the timeline slipped. The staircase. The 200-week MA around $61.7K broke on schedule. Downside zone from here is $49.5K (LTH cost basis) to roughly $55K (upper band of the on-chain confluence). A range, not a line. The bottom signal, live. ETF money capitulated into the worst outflow month ever, then flipped to a three-day inflow run. Long-term holders accumulating while underwater. Both only fire at cycle lows. Both are firing now. The Saylor wrinkle. Largest-ever sale, absorbed without a dump. Tells you demand is real down here. Plus the full Q&A. Press play for the whole thing. And a heads up on what's coming: a live dashboard you can update in real time, and a daily morning newsletter with the levels and charts we're watching, every morning starting next week. Stay tuned. Bottom in, or does the range still print? Sound off in the comments and let's get the discussion going. - Joe

The fast money and the patient money almost never agree. Right now they're doing the same thing at the same price, and it's the same setup that's marked every major Bitcoin bottom. Here's the frame. /// THE PATIENT MONEY Forget the price line for a second. Watch the green and red only. Green means long-term holders are net accumulating. Red means they're distributing. The biggest green mass on the entire series is the 2022 bottom, LTHs loading up while price bled toward $16K. Every meaningful bull-market dip since carries the same fingerprint. Green build into weakness, price follows months later. Now look at the far right. After distributing through late 2025, long-term holders flipped decisively back to accumulation on this 2026 dip. Green building again, broadening across cohorts, while price grinds in the high-$50Ks to low-$60Ks. These are the wallets that don't sell into fear and don't buy into euphoria. When they turn net-accumulator into a drawdown, they're telling you they see these prices as a gift. /// THE FAST MONEY Same story, opposite end of the market. June was the worst month for spot Bitcoin ETFs since they launched. Over $4 billion out the door, eight straight negative weeks, the longest outflow streak in the products' history. That's the wall of red through May and June on the right side of the chart. Then look at the far right bars. July 7 pulled in $265.7 million net, the strongest single day in weeks, with BlackRock's IBIT leading at $209.4 million. Two straight days of inflows now, after July 2 snapped a 10-day, $2.7 billion outflow streak. And it's happening with Bitcoin below $60K. The fast money didn't chase a rally. It stepped in aggressively at the lows, right after its worst outflow month on record. /// WHY IT MATTERS ETF flows now drive roughly 45% of Bitcoin's weekly price movement. That's not a sentiment gauge. It's plumbing. When authorized participants create shares, Bitcoin gets bought on the spot market. When they redeem, it gets sold.

Hey everyone, quick update this morning, Strategy just announced that it sold 3,588 Bitcoin last week for about $216 million. Largest disposal in company history, roughly 100x the size of the 32-coin sale that knocked Bitcoin below $60K back in May. This time? Bitcoin opened the day green and is holding. The sale barely registered. Take a look at the chart down below. The consensus read writes itself. "Never-sell is dead. Saylor caved. Dividends are eating the stack." Here's the frame I want you to hold instead. /// WHAT THE MACHINE ACTUALLY DOES Strategy raises capital in the fixed income market through preferred shares. STRF, STRE, STRK, STRD, STRC. Those instruments carry dividend obligations. When capital markets cooperate, Strategy funds the dividends by issuing new stock. When they tighten, Bitcoin becomes the funding source. That's this sale. It covered quarterly dividends on four preferred instruments and the monthly on a fifth. Look at the actual mechanism. Strategy buys enormous amounts of Bitcoin. It sells a fraction to service the obligations it took on to buy that Bitcoin in the first place. It keeps the overwhelming majority. 843,775 coins still on the balance sheet after this sale. It's a transmutation machine. It converts the most conservative pool of capital on earth, fixed income demand, into permanent Bitcoin accumulation. A perpetual buyer bringing Bitcoin to the bond market, shedding a small percentage back out to keep the engine funded. /// THE PART I'M WORKING THROUGH There's a 4D chess read on what this positions Strategy for down the line, index eligibility included, that I don't think the market is pricing. I'm not going to half-explain it in a chart drop. Full pipeline in tomorrow's video, and we're going deep on it live Saturday. The question I want you chewing on before then: is a company that sells Bitcoin to fund dividends on securities it issued to buy Bitcoin a seller, or the most sophisticated buyer in the market? Drop your read in the comments. I want to see where the room lands before Saturday.

June 30th Data shows another nearly 5000 BTC outflows from ETFs when do we think big money will start their buys?