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TL;DR The bounce came as China’s factory data showed only mild growth, providing background support, while a stronger dollar and thin market depth limited additional upside. The whole 9 yards of 💩 By The Royal Flush Bitcoin just staged a little “we’re not dead yet” moment, wriggling back above $75,000 after a cheeky slide that felt more dramatic than it needed to be. The scene was classic: a sharp dip, then a cautious nose-dive back up as traders sprinkled in a dash of hope and a fistful of nerves. The chorus line? Thin liquidity, which is basically city planners describing the subway during rush hour: everyone’s packed in, nobody’s sure how long this ride lasts, and every sneeze signals a small earthquake. It’s exciting, yes, but you don’t want to live here unless you like your volatility with a side of adrenaline and a lot of caffeine. The bounce didn’t happen in a vacuum. Background support came from China’s factory data that showed only mild growth—not a roaring engine, jus...

TL;DR Options markets signaled rising tail risk amid mounting liquidations, while January odds adjusted slowly as bitcoin volatility emerged. The whole 9 yards of 💩 The Royal Flush here, diving into the latest Bitcoin soap opera with enough snark to melt a GPU, but with just enough warmth to keep the chips from burning. Bitcoin’s latest status update: it’s still flirting with the $80,000 line, and yes, that number matters because every time price taps near 80k, the Internet erupts like a sentient trading desk. The Asia Morning Briefing flagged the obvious drama: options markets were signaling rising tail risk as liquidations mounted, and yet January prediction contracts—those cute little bets about what price we’ll see next month—missed the dramatic liquidation-driven slide that many folks clearly hoped would happen. In short: the plot kept stalling at the edge of the cliff, and the crowd kept shouting about it anyway. Let’s unpack what that means without pretending the jargon ...

TL;DR This piece provides a weekend recap of recent events and their implications for the cryptocurrency industry. The whole 9 yards of 💩 By The Royal Flush This is absolutely INSANE: Bitcoin’s weekend crash exposes the cracks beneath crypto’s latest boom. I’ve watched enough cycles to know the drill: the moment someone screams paradigm shift, you should check if there’s a real paradigm or just hype dressed up in white robes of math. The price charts look like a roller coaster built by a coder on four hours of sleep, and the narratives? they’re loud enough to drown out the sound of common sense. We’re being told this is a new era, that institutional adoption is finally here, that the network has finally earned trust. And then a weekend happens that makes you wonder if you’re watching a financial instrument or a reality show about a ponzi that learned to code. Here is what happened this weekend and what it means for the crypto industry. Bitcoin slid, altcoins followed, tens of b...

TL;DR Bitcoin's sharp weekend decline triggered new liquidations, as analyst Eric Crown cautioned that the market could endure months of additional downside. The whole 9 yards of 💩 Bitcoin’s hopium for bulls may be over, and this weekend’s slide could be just the beginning. If you were riding the hype train with a smile that could power a thousand dashboards, you’re probably feeling a little queasy right now. If you were skeptical from the jump, you’re not exactly surprised. In crypto land, the two flavors coexist like burritos and bugs—delicious until they aren’t. The Royal Flush here, and yes, I’m typing with a caffeinated grin while the charts do their best impression of a rollercoaster with the brakes melted. This weekend, Bitcoin dumped like a late-night update that forgot to test on real devices. The drop wasn’t a quiet sigh; it was a sharp, marquee-style move that left liquidations popping off the screen like a flare parade. People who were counting on a gentle Sunda...

TL;DR Months after Oct. 10’s liquidation cascade, market depth remains recessed, and traders are divided on Binance’s role as Bitcoin continues to fall. The whole 9 yards of 💩 Crypto’s $19 billion '10/10' nightmare, and the weekly replay of “this time it’s different” finally started to fade into something resembling normal people’s memory. Months later, the dust hasn’t settled, the bitcoin price hasn’t exactly found its footing, and market depth is still playing hide-and-seek like a bass drop in a basement club. Welcome to the crypto hangover where everyone has a theory, and the only thing anyone agrees on is the gravity of that October 10 cascade. I’m The Royal Flush, here to tell you what happened, what didn’t, and why we should be both skeptical and oddly excited about the next round. < br> Let’s start with the headline you’ve probably seen a dozen times already: a liquidation cascade on October 10, roughly $19 billion of liquidations, and a market that prompt...

TL;DR Bitcoin fell to its lowest since April as early holders sold to take profits amid thinning liquidity and a sharp drop in fresh capital. The whole 9 yards of 💩 By The Royal Flush Bitcoin drops to $78,000 as MicroStrategy-fueled rally runs out of buyers, traders say. If you’ve spent any time watching crypto charts while pretending to be a grown-up, you already saw this coming like a weather forecast that isn’t afraid to admit it’s guessing. The micro-inflation of hype around corporate BTC buys has peaked, liquidity has thinned, and—surprise—the market is finally behaving like a market instead of a moonlighting marketing campaign. We should be clear about what happened: a rally stoked by MicroStrategy’s ongoing trojan horse of a strategy—buy more Bitcoin, shout “institutional adoption,” and let the price do the heavy lifting—hit a wall. Early holders, who rode the wave with a mix of bravado and dollar-cost-averaging muscle memory, decided it was time to take some chips off t...

TL;DR The price decline hampers Strategy's ability to buy more bitcoin without diluting shareholders, since the stock trades at a discount to its bitcoin holdings. The whole 9 yards of 💩 The Royal Flush here, folks, wiping the coffee rings off my keyboard after diving into the latest “blood in the streets” saga about Michael Saylor’s bitcoin stack. Yes, the price has moved against the thesis, and yes, that makes the internet chirp with the kind of bravado you only hear when a bull market climbs into a hot tub with a jacuzzi full of FOMO. But no, this is not the moment to declare a crisis, reach for the panic button, or stage a dramatic exodus from the crypto-optimism confetti cannon. This is the moment to talk about what actually changes when the price of bitcoin dips and a certain company’s balance sheet looks a bit, well, underwater. The headline, in plain, deliciously messy terms: Michael Saylor’s bitcoin stack is underwater. The stock market, for once, is not playing fo...