Tonight MSCI publishes its November index review. Strategy is the name to watch.
If it's cut, index funds have to sell the stock by the end of the month. JPMorgan has estimated about $2.8B of selling.
That selling is in Strategy shares. Nobody is forced to sell bitcoin:native , and Strategy stays listed on Nasdaq.
Where it could reach Bitcoin: Strategy funds a lot of its buying by issuing new shares. A weaker stock makes that harder, so a big buyer may slow down.
I'll cover the result tomorrow in my video!
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Inflation just handed the Fed a loaded gun.
Core CPI hit 0.3% for the THIRD straight month. That's 3.7% annualized against a 2% target.
Headline inflation came in hotter than expected at 0.4%.
Guys, Waller floated a 50-basis-point hike if core hit 0.3%. It just did. Logan already wants two more hikes.
Bitcoin is near $73K, and Wall Street now has to price in a Fed
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Bitcoin ETF outflows shrank by more than three-quarters in four trading days.
$430 million out on Nov 5.
$412 million on Nov 6.
$201 million on Nov 9.
$95 million on Nov 10.
Still red, guys. but each day shows a less and less selling.
This could be the sellers getting tired, but we won't be able to say the mood has completely shifted until we see more green than red.
Right now... the past few weeks have been more red than green.
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BloFin's Spin event is live, guys.
Every $20K in trading volume gets you a spin. Rewards vary, so every spin is a shot at something.
One step most people miss: you have to register for the event first, or your volume doesn't count.
The countdown is already running to the end of the event.
Register here 👇
Already trading on BloFin? Then why not get paid in spins for it, right?
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Your AI agents know how you work better than your coworkers do.
So who owns that memory, guys? On $SUI, you do.
Walrus Memory keeps it encrypted in an account you own. Sui smart contracts decide who can read it. Cut off any app, anytime.
Save context in Claude Code. Pick it up in Codex or Cursor. And every memory account is anchored on Sui. As AI agents scale, that's demand running straight through $SUI, right?
Built to follow your agents wherever they go.
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November is supposed to be bitcoin:native's best month.
Average return since 2010? 34.4%.
Today BTC fell as low as $72,695 after the hot CPI print. Its lowest level in about three months, and down roughly 17% on the year.
21Shares says a sustained break below $73K opens the door to $69K, guys. That's right around where the 2021 cycle topped. The calendar says rally. The Fed says hike.
Which one do you trust for the rest of November?
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Good tech always survives the headlines.
Nvidia lost nearly $200 billion in market value on Monday over its CEO's personal life.
Today Bank of America took it off the US 1 list, its shortlist of best stock ideas. Micron and Lam Research went with it.
Look closer though, guys. All three still have Buy ratings.
It's like a coach benching his best player for one game. He still rates him. He just doesn't want that risk on the court tonight.
BofA hasn't tied the move to the board's probe into Jensen Huang. And its own chip analyst still expects AI growth through 2027, right?
So when a stock gets headline risk, do you trim it or do you buy from the people who are?
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Trump Media just reported $410M in quarterly profit on only $3M in revenue.
Guys, that's the power of a Bitcoin-heavy balance sheet.
They added 1,510 BTC, bringing their holdings to 15,649 Bitcoin. Meanwhile, the core business still lost $12.3M on adjusted EBITDA.
Here's the part that matters. Most of that profit came from asset gains, not operating cash flow. Bitcoin is now driving the earnings narrative. And that cuts both ways.
When BTC moves, the balance sheet moves with it.
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A dollar put into Bitcoin in July 2010 is worth $868,470 today.
The same dollar in the S&P 500 is worth $6.77.
In gold, $3.81. And Bitcoin is still sitting 40% below its October 2025 high, guys.
Sixteen years of headlines calling it too risky. The chart says the bigger risk was sitting it out, right?
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Look at who actually sold guys.
BlackRock's IBIT alone accounted for about $1.21 billion.
Roughly 94% of the week from one ticker. And the triggers were pure macro. A 165k jobs print, nearly triple the forecast. December hike odds jumping to around 80%. A $6.3 billion Binance hack right before the bleed started. Here's my read. The ETF wrapper made Bitcoin easy to buy for people who trade rate expectations for a living.
Easy in means easy out.
When hike odds spike, that money leaves first, right? It also didn't run from hard assets. In October, Bitcoin ETFs bled about $515 million while gold ETFs added $2.7 billion and hit a record 4,275 tonnes. Same macro fear. Two very different buyers.
Treat ETF flows like a thermometer for the Fed. The real signal is who's still buying when the temperature drops. CPI lands today.
If inflation runs hot again, does the ETF crowd keep selling into December, or is this where the long-term buyers step in?
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Bitcoin just got SMASHED to $73K. Now inflation could deliver the next blow.
Guys, Wall Street pulled $1.28 BILLION from Bitcoin ETFs, $1.04 BILLION got liquidated Sunday, and December rate hike odds hit 82.5%. And CPI is on the way.
Here's the twist. My weekly Market Compass is STILL bullish.
How?
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AI is so power-hungry that Silicon Valley is resurrecting OLD JET ENGINES just to keep the lights on.
Guys, this is how insane the AI power crisis has become.
In Northern Virginia, getting 100 megawatts from the grid can take SEVEN YEARS. Converted jet turbines can cut that to 24 months. xAI already installed eight for Colossus 2.
Companies powering AI are still worth watching.
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Everyone wants the pump, but they can't handle the dump.
I've been in the space for ages and I've seen it all.
When Bitcoin started no one thought it would ever hit $1. And here we are... sad that it's only $80,000.
How much is enough?
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Cathie Wood's Ark just sold $15.9M of its own Bitcoin ETF and bought $5.2M of Circle stock.
Read that again.
Selling the Bitcoin. Buying the company that prints digital dollars.
That's the most 2026 trade I've seen all month, guys. When the "Bitcoin to $1M" fund starts shopping for stablecoin equity, should you pay attention?
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Trump picked Kevin Warsh to cut rates.
His first big move? A hike in September. The first one since 2023.
Today he decides again. Markets give another hike under 10% odds, but 12 of 18 Fed officials already projected at least one more this year.
Meanwhile $BTC slipped under $80K and the ETFs bled $773M in two days. Everyone's hiding from one press conference, guys.
Does Warsh blink or hold the line?
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$SUI transactions have been picking up in a BIG way.
39M in one day yesterday and over 3X higher on average versus 2 months ago.
Something is cooking.
If people believe they are actually able to control SI (Super Intelligence) they aren't paying attention.
⚡️The most revealing word in Trump's entire statement is “BANNING.”
Because something much larger is happening here.
The American presidency is attempting to declare the arrival of superintelligence before the world has established that the threshold has been crossed.
That reveals a change in how political power is beginning to relate to machine intelligence.
Historically, governments derived authority from human institutions. Expertise, elections, laws, military command, bureaucracies. Machines supplied information that people interpreted.
Now consider what happens when the government formally describes a technology as possessing intelligence superior to humanity.
The burden of authority begins shifting toward whoever controls the supposedly superior intelligence.
And here is where the real mechanism appears.
The companies controlling these systems determine their training, objectives, access, deployment, and constraints. Yet the public increasingly encounters their outputs as judgments originating from something more intelligent than any individual human.
That produces an extraordinary asymmetry.
The machines acquire the reputation of superior judgment. Their owners retain the power to determine what that judgment serves.
Trump's proposed terminology accelerates that psychological transition. Once institutions begin calling something superintelligence, questioning its conclusions becomes socially and politically different from questioning ordinary software.
The word itself begins manufacturing deference.
The next phase is a competition over who gets to define, certify, and control superior intelligence. Governments will want strategic command. Corporations will want proprietary control. Both will want the legitimacy that comes from claiming access to capabilities beyond ordinary human reasoning.
Superintelligence is becoming a category of political power before it has become an agreed scientific measurement.
And the most consequential question is already taking shape.
When a government publicly declares that machines possess superior intelligence, what happens when their recommendations conflict with human authority?
Who gets overruled?
Who takes responsibility?
Who decides what the machine is allowed to optimize?
The real struggle ahead is over who gets to speak with the authority of an intelligence that society has been taught to regard as superior to its own.
That struggle has begun before the machines have even earned the title.
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