MacroScope
@MacroScope17
Topics: institutional trading, asset management and monetary policy. Tweets are opinions only and are not intended as advice.
Part of what you’re seeing right now in BTC is the market sniffing out some big, badly positioned shorts. Always an interesting situation in any asset. If you're long, you should have no sympathy. They've been helping cap the price for months.
Important press release yesterday by Galaxy. Information about market depth and liquidity is very valuable to institutional investors. And since the sale ultimately didn’t impact price much, the effect will be to reassure current holders and, importantly, potential future ones.…
Last week. Seeing the same type of posts today.
The type of report below has popped up regularly about BTC for years. Whenever you see it, keep this in mind. With BTC or any asset, if a very large holder gets in motion on the sell side, it’s often because he’s aware of a large buyer in the market. That awareness can come from…
Reminder on what this report will cover...from Trump's order in January: The Working Group shall evaluate the potential creation and maintenance of a national digital asset stockpile and propose criteria for establishing such a stockpile... This report may (or may not) propose…
The President’s Working Group on Digital Assets has completed the 180-day report. It will be released publicly on July 30th. America is now leading the way on digital asset policy 🇺🇸
Two years ago today at BTC 30k. The disconnect has obviously narrowed, but I think the last sentence still applies -- especially in terms of how the strategic reserve could develop, as I’ve been posting.
I see people dismissing RFK's promises on BTC b/c "he won't win." Short-sighted. The elevation of BTC as a national policy conversation is what's impt. One of the great disconnects I've ever seen is BTC not pricing in a post-2024 political angle at all - not even as a spec trade.
Important...to say the least.
*TRUMP SET TO OPEN US RETIREMENT MARKET TO CRYPTO INVESTMENTS:FT
Don't miss the handshake photo below. This is a young Salvadoran, who is an important part of the country's BTC program, meeting her president.
So proud to watch my girl @isiuuu_cruz totally rock her PowerPoint presentation on CUBO+ to the President last night! El Salvador will keep winning because the best and brightest are committed to building something extraordinary here. (More pictures to follow). 🇸🇻🤩🚀
Seeing some speculation that the US government sold lots of BTC at the end of the Biden administration, so the current amount held is less than previously thought. Traders should be watching this story closely. If it's true, then government buying could be framed as even more of…
I’ve mentioned this before but it will become more important in coming months. During the rest of 2025, traders should be watching for any indication that the US government will start acquiring BTC. This could happen via legislative action (which is the best route) or other…
The type of report below has popped up regularly about BTC for years. Whenever you see it, keep this in mind. With BTC or any asset, if a very large holder gets in motion on the sell side, it’s often because he’s aware of a large buyer in the market. That awareness can come from…
40,000 bitcoins have been sent to Galaxy, probably for sale. Is this cause for panic? No, it's cause for celebration. This is precisely the process of monetization. The distribution of a monetary good into the population. Fewer hands to more hands. Bitcoin is becoming money.
Last week at BTC 113k. "Crack" in progress. Futures data from Friday continues to be price-favorable. More on that soon.
The derivative positioning that's been contributing to BTC's longstanding trading range and putting a soft ceiling on price is starting to crack. When you're offsides in a pending range breakout, it's usually best to close out those positions early.
One year ago today at BTC 57k.
Not sure why, but I haven't seen any comparisons between Germany's current sale of BTC, and the 1999-2002 sale of national gold reserves by the UK/Gordon Brown (average sale price: $275 per ounce). Maybe it's ancient history for traders at this point. But in terms of outcomes,…
Crucial for traders to be watching for BTC headlines right now. DC focus. Also filings...13Fs are getting busy but possibly unexpected ones too.
The market is sniffing out some very large and badly offsides positioning. Not a good place to be if you're on the wrong side of it.
The derivative positioning that's been contributing to BTC's longstanding trading range and putting a soft ceiling on price is starting to crack. When you're offsides in a pending range breakout, it's usually best to close out those positions early.
The derivative positioning that's been contributing to BTC's longstanding trading range and putting a soft ceiling on price is starting to crack. When you're offsides in a pending range breakout, it's usually best to close out those positions early.
Can't remember ever seeing an asset like BTC right now, where so much sidelined money has been watching the chart for so long with a plan to buy "once it breaks out." This includes institutional guys who assume enough offer-side liquidity (and time) will be there for desired…
As a US citizen who's visited El Salvador three times since 2023, I have nothing but laughing contempt for this. In fact, after reading it, I think I'll visit again soon as a show of support for the county. If you feel the same way, you should too.
U.S. Senate bill calls for sanctions on El Salvador's #Bitcoin strategy. Targets Bukele's regime, BTC purchases, exchange activity, and alleged sanction evasion.
Approaching an active multi-month period for headlines. Watching: "While details of the report’s contents remain scarce, some industry participants speculate it may include recommendations on funding a strategic Bitcoin reserve without burdening taxpayers."…
I’ve mentioned this before but it will become more important in coming months. During the rest of 2025, traders should be watching for any indication that the US government will start acquiring BTC. This could happen via legislative action (which is the best route) or other…
I’ve mentioned this before but it will become more important in coming months. During the rest of 2025, traders should be watching for any indication that the US government will start acquiring BTC. This could happen via legislative action (which is the best route) or other…
One week ago. Since then: Gold -3.7% BTC +7.5%. "Unwind" continues.
In coming days and weeks, we may see how much of the recent bid under gold -- and the ceiling on BTC -- can be explained by anticipation of military action in Iran. My guess: probably substantial for both assets. Gold usually knows. If there’s a war premium there that starts to…