Ah, the market! Always a show, isn’t it? After a little 15% jig in the newly launched equity instruments, Check couldn’t help but notice that it smells eerily like those market cycles we’ve all seen before—those delightful times when institutions, big and ominous, suddenly decide to throw a tantrum and send BTC into a frenzy. Check, the detective of crypto mysteries, suggests that this could mean Bitcoin‘s price might just catapult to $120,000 before we even have time to blink. Oh, joy!
“When you see behavior like this, you know something big is lurking around the corner,” Check wrote in his most recent Checkonchain newsletter, with all the authority of a man who’s seen it all. Perhaps Bitcoin is preparing to break through the roof sooner than even the most optimistic among us could imagine. Such confidence, such flair! Is he secretly a time traveler?
Meanwhile, the plot thickens. The skies are brightening for the crypto faithful. Implied volatility is falling—like the stock market after a bad breakup—and short positions are climbing, as if to say, “I told you so.” Stablecoin inflows are rolling in at a cool $4–6 billion per month, like an uninvited but persistent guest at a party. Meanwhile, macro conditions are starting to look like something worth celebrating: Trump’s got his arms wide open to crypto, and whispers of more liquidity injections in the U.S. are filling the air like a warm breeze on a spring day. Can you feel the optimism? It’s almost tangible.
But, of course, there’s always a party pooper. Enter Jim Chanos, the critic with the ever-sharp tongue. He’s not buying what Strategy is selling, calling the stock overpriced and labeling Saylor’s methods as nothing more than “financial engineering.” Oh, Jim, always so practical. Don’t you just love when people rain on your parade? 🙄
Yet, with all the signals aligning and risk appetites growing like an unruly garden, it seems the stage is set for Bitcoin to dance its next waltz. Could it be? Will Bitcoin waltz its way to $120,000 faster than you can say “blockchain”? Only time, and perhaps a few more newsletters, will tell.
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2025-07-05 09:54