$BTC 2-year liquidation heatmap is telling where this cycle bottom could happen.
There's a big liquidity cluster sitting around $45K-$50K right now, and this zone could be the bottom.
A few other things also support this bottom thesis:
- In Q2 and Q3 2024, BTC traded around $50K zone for a long time, which could act as a support - ETFs approval happened around $42K, and it hasn't been retested properly - Long-term holders realized price is also around this zone, which has historically acted as a bottom line.
It's possible that we could a few wicks below this, but $45K-$50K looks like the bottom for this cycle.
After that, Bitcoin will start its next bull trend and I guess you can see a massive liquidity cluster above $120,000 too.
Fed just dropped new macro data - and it’s truly horrifying. Something bad is happening behind the scenes right now. Most people have no idea what’s coming. Here’s what you MUST understand to protect your investments in 2026:
The CPI numbers just dropped. Headline CPI: 2.4% vs. 2.5% expected. Core CPI: 2.5% vs. 2.5% expected. Inflation is NOT heating up. It’s cooling. Headline CPI is now at its lowest level since April - right before tariffs hit. Core CPI just printed its lowest level in nearly 5 years, back when the U.S. economy was literally shut down. Read that again. Despite nonstop warnings from the Fed, inflation is trending LOWER. But here’s the part no one wants to talk about: The economy is COLLAPSING. → The labor market is deteriorating. → Credit card delinquencies are climbing fast. → Corporate bankruptcies are back at 2008-style levels. This is what a massive policy mistake looks like. The Fed stayed dovish too long in 2020–2021 and ignited inflation. Now they’ve stayed hawkish too long - and they’re crushing demand. This time, the real danger isn’t inflation. It’s deflation. And deflation is far more destructive. Tight policy + falling inflation + a weakening economy is a toxic mix. Every day this continues, the damage compounds. And the longer the Fed waits, the worse the fallout is going to be. And here’s the trap. If the Fed pivots now and starts printing again, it doesn’t save the system. It breaks it. Rate cuts + money printing at this stage won’t signal relief - they’ll signal panic. Markets won’t hear “support.” They’ll hear: something is seriously wrong and Fed is trying to print their way out. Printing now means the Fed admits it stayed tight too long and detonated the economy. Confidence snaps. Risk reprices instantly. There is NO clean exit anymore. Every path leads to volatility. Every delay makes the eventual move more violent. This isn’t about if something breaks. It’s about what breaks first. I’ve spent over 10 years trading and publicly calling major tops and bottoms. When I make my next move, I’ll share it here. Follow and turn on notifications now or be someone else’s exit liquidity later. A lot of people are going to wish they paid attention sooner.
CPI is at 8 month low. Core CPI is almost at 5-year low. Job market is cooked. Bankruptcies are rising. Credit card delinquencies are going up. Housing market is in trouble.
And still, Powell is acting like the economy is stronger than ever and only concern is the inflation.
Powell already made a horrible mistake by continuing QE for longer in 2021, which destroyed the markets in 2022.
He is doing something similar again by being hawkish for longer than needed.
Fogo, Engineering a Blockchain That Behaves Like a Trading Venue
Fogo is often grouped with high-throughput chains simply because it runs an SVM-based architecture. But its design intent diverges sharply from the usual “faster, cheaper, more TPS” narrative. Instead of optimizing for benchmark headlines, Fogo appears to be modeling itself after professional trading infrastructure. The project starts from a practical question: if on-chain finance wants to support real markets, why ignore latency, geographic distance, network jitter, and inconsistent client performance — the exact factors that dominate traditional trading systems? This framing shifts the conversation from raw speed to coordination. Fogo treats time synchronization, data propagation, validator behavior, and client performance as parts of a single system. The goal is not merely to execute transactions quickly, but to create conditions where markets behave predictably and fairly under real-world constraints. Latency, in this context, is not a nuisance — it is a structural limitation. Real-time order books, precise liquidation triggers, and auction-style mechanisms demand deterministic timing and minimal propagation delays. Optimizing execution alone cannot solve these challenges. The entire pipeline — clocks, consensus messaging, block production, and network topology — must be engineered to minimize delay. Fogo’s architecture reflects this systems-level approach, aiming to support high-frequency financial primitives without the noise and inconsistency that plague many on-chain markets. Rather than building from scratch, Fogo builds atop the Solana architectural lineage, inheriting components such as Proof of History for synchronized time, Tower BFT for rapid finality, Turbine for efficient propagation, and the SVM execution environment. This foundation allows the project to focus on eliminating performance bottlenecks that arise in real trading conditions. The intention is not to replicate Solana, but to refine and optimize a proven architecture for latency-sensitive finance. One of Fogo’s most unconventional choices is its preference for a single canonical validator client, derived from Firedancer, instead of maintaining multiple independent implementations. While client diversity can reduce systemic risk, it also constrains performance to the slowest implementation. Fogo prioritizes deterministic performance, arguing that slow clients effectively throttle the network’s ceiling. The migration path — beginning with hybrid implementations and transitioning toward a unified client — reflects a pragmatic approach to achieving consistent execution speed. Geography is treated as a performance variable rather than an afterthought. Fogo introduces a multi-local consensus model in which validators cluster in close physical proximity to reduce network latency. Co-located infrastructure allows consensus messaging to operate near hardware limits, shrinking block times and narrowing latency windows that can be exploited in trading environments. To mitigate centralization risk, validator zones rotate between epochs through governance voting, balancing latency optimization with jurisdictional diversity and resilience. Validator participation is similarly performance-oriented. Fogo proposes a curated validator set designed to maintain operational quality. Minimum stake requirements ensure economic alignment, while approval processes emphasize hardware capability and reliability. This approach acknowledges an uncomfortable reality: open participation without performance standards can degrade network behavior. The model blends technical safeguards with social governance, recognizing that maintaining market-grade infrastructure requires oversight of both code and operator conduct. For traders, these design decisions translate into practical benefits. Consistency ensures the network behaves predictably under load. Predictability ensures orders execute without unexpected latency distortions. Fairness reduces hidden advantages exploited by latency arbitrage and bot activity. Fogo’s architecture aligns with these priorities by minimizing propagation delays, standardizing execution performance, and maintaining validator reliability. At a macro level, Fogo is not simply building another blockchain. It is attempting to construct coordinated market infrastructure. Real-time finance requires synchronized timing, reliable propagation, disciplined validator performance, and geographic awareness. It requires infrastructure that prioritizes execution quality over ideological purity. Fogo’s thesis is that on-chain markets should feel like markets — not experimental networks struggling against their own limitations. Whether one agrees with its tradeoffs or not, the vision is coherent. If successful, Fogo’s impact will not be measured by throughput charts. It will be measured by whether developers can build order books, auction engines, and liquidation systems without designing around chain constraints — and whether traders experience execution that feels clean, consistent, and fair.