RECAP: BLOW-OFF TOP

🚨 IS Bitcoin's Blow-Off Top ALMOST HERE 🚀📈

Today’s Nuggets

• The Long-term Realized Cap Impulse

• Miners Dumping Again

• Generals Back Bitcoin Shield

• MSTR Recursive Loop

• The Perfect Reinvention of the Bond Market

• Swiss Central Bank Still Stacking

• The Starbucks of Spain BTC Treasury

• Russian Billionaires About to Dive into Bitcoin

• California has Confiscation Plans

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Many aspects of this market are uncertain, and in this story, I will attempt to gauge our current position by examining the data. No emotions, just data.

Let us get into the story called the Blow-off Top.

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Everybody is asking, where are we going this year?

Where? It is a good time to check in with Kalshi. The last time I shared the Kalshi report was about a month ago. The price target was $145,000, and it has now been reduced to $134,000.

Thus, it has come down a bit.

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This slide inspired today's story from Alphractal.

This is a new crypto Bitcoin on-chain analyst firm, and they have some very interesting pieces of information that are a bit different.

This illustrates what some people have been discussing, such as Jordy Visser and others. A large swelling of short positions is at this $113,000 level, precisely where we are inching toward.

If Bitcoin does get to this level and there is a huge buildup of leverage bets against Bitcoin, this