Mek

Institutional trader. Focus on capital flow, on-chain data, and macro reading—not price prediction.

The market is split into two groups: those who read the chart and those who read the blockchain. This profile is for the second group.

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Stop being just another statistic in the market. It’s information that most people don’t see.

B3 confirmed that it will negotiate tokenized Brazilian shares starting in 2027, with settlement done in stablecoin.

The currency is B3RL, a real-backed stablecoin issued by the exchange itself, built on Polygon.

Eventually, almost the entire market could be tokenized.

How much capital could this bring to digital assets as well?

The Strategy has returned to buying bitcoin.

It bought 4,603 BTC at US$ 80.318 each, after spending the entire bottom period selling.

In August, between days 3 and 9, the company sold 1,690 BTC at US$ 64.262. Three weeks later it repurchased at US$ 80.318. It sold at the bottom and bought 25% higher.

The cash it had been accumulating during the downturn was used now, with the price US$ 16 thousand above where it entered the position.

The purchase was funded through share issuance via ATM, and the company also repurchased US$ 152 million in STRC, zeroing out net leverage.

“Strategy” sometimes seems to lack strategy.

In 1991, the US spent 18.4% of federal revenue just on interest, and the 30-year bond paid 8%.

Today, the spending is 18.5%, with the bond paying 5.21%.

The same weight of interest with a rate almost 3 percentage points lower means that the debt stock became so much larger that cheap interest hurts just as much as expensive interest did three decades ago.

Annual interest spending hit US$ 1.25 trillion, more than 4 times the 1991 level.

And that percentage of revenue has more than quadrupled just in the last 4 years.

There is no world for prolonged hiking. It’s simply a question of math.

This is the biggest debt crisis the fiat currency has ever experienced. And I hope you know what that means.

Profits of long-term holders have risen again with the latest bitcoin surge.

This pattern of a rebound in unrealized profitability has only appeared in 2023, 2020, and 2019.

But probably it’s nothing.

Bitcoin is the ultimate collateral.

You may not understand this concept yet, but eventually you will.

The only asset on the planet that enables permissionless self-custody.

In the U.S., it will now be possible to use BTC as collateral to buy real estate, but this will be replicated across the rest of the world.

At some point, few people will actually "sell" bitcoin. Instead, they will use it as collateral.

At least those who understand money.

Do you know the "digital gold" thesis?

Well, it looks like it’s back with a lot of momentum for Bitcoin.

The 90-day correction between gold and Bitcoin has risen to an all-time high, at the moment when both assets appreciated.

Institutional investors are no longer choosing between the assets; they’re buying both as a hedge.

Probably it’s nothing.

Another reminder that Brazil's real economy is in trouble.

Another 4 years like this—how many more companies will go bankrupt?

Protect your assets while the window still exists.

About 40% of the bitcoin network accumulated unrealized losses during July.

In relative terms, similar levels to previous cycle fund formations.

Is it a bottom or not? Irrelevant.

The $60k range was already, statistically, a region of high discount in the risk/return relationship.

Are we going back there? We don’t know. But if we do, I predict a lot of people again “waiting for it to drop more” and missing the train.

And the cycle restarts.
Are you really paying attention?

JPMorgan Chase recently evaluated pursuing its own stablecoin

SEC preps overhaul of crypto custody rules for investment firms.

In July’s PCE, US inflation held steady at 3.7%, above the expected 3.6%. 🚨

Core inflation remained flat at 3.3%, in line with expectations.

On a monthly basis, both the headline index and core rose 0.2%.

Prices for goods fell 0.1% in the month, driven by a 2.7% drop in gasoline and energy. Services rose 0.3%, with an increase of 1.2% in financial services and insurance.

Personal income rose 0.4% and consumer spending advanced 0.2%, but in real terms consumption was virtually stagnant, up less than 0.1%.

No signs of a strong “inflation surge,” as many believed it would force the FED’s hand.

PEAK HAWKISHNESS.

ETFs and short-term investors managed to sell most of the $60k region.

A clear capitulation zone.

Coinbase’s dominance emerged during the same period that the premium went negative, signaling that traditional finance capitulated at the exact bottom.

But probably it’s nothing.$

China bought more than double the amount of gold it officially reported in May and June. 🚨

And the official data already shows a historical record for reserves.

According to estimates from Goldman Sachs via the London OTC market, China bought about 48 tonnes in May and 40 tonnes in June.

The PBoC officially reported only 15 and 10 tonnes in the same months—less than half of what independent estimates indicate.

In July, the Chinese central bank declared another 20 tonnes, bringing the official total reserves to 2,366 tonnes—about 8% of foreign exchange reserves, near an all-time high.

Even this official figure, which is already a record, likely understates the real position.

The race for scarce assets keeps accelerating—and the reflection of that in prices will come eventually.

Imagine the guy buying “NUCOIN crypto” and
receiving lucky numbers KKKKKKKK 😂

The government proposes R$ 1.741 for the minimum wage in 2027, a 7.4% increase.

Meanwhile, here is the change in the price of the basic food basket by state over the first 5 months of the year:

Recife: +21.94%
Salvador: +12.66%
Aracaju: +9.96%
Belo Horizonte: +9.58%
São Paulo: +11.4% (R$ 854 to R$ 952)

Do the math yourselves.

Good morning!

I’m receiving several questions about my positioning at the current moment, when everyone is waiting for a response to $60k.

The market delivered about 70 days in the $60k region.

But only now that portion of investors is interested in buying there. As always.

This is a good time to revisit what I said in June, because my outlook remains the same since then.

If you think in binary terms (is it bear or bull? is it a bottom or a top? is it buy or sell?), you probably won’t get through many cycles.

It’s all about risk/reward. I’m going to post my view on $60k in today’s analysis.

Most of the people who followed the news about the U.S. Treasury did not realize that THERE HAS STILL NOT BEEN ANY liquidity injection.

All the pricing you are seeing is purely based on future expectations.

Markets are driven by information asymmetry and expectations.

Play the game.

In retrospect, it was inevitable.

Every background region becomes clear in hindsight. Will we go back to that same background region again? I don’t know—nobody knows.

Now many people are clinging to any information that might point them to a "new opportunity" to get into $60k.

The price spent about 72 days in a region near $60k. SEVENTY-TWO DAYS.

But only now that it’s at $80K, these investors want a return back to $60k in order to buy.

If it returns, they’ll wait for it to reach $40K because "it could drop a little more."

And the psychological cycle restarts.

When this crowd capitulates—when those so-called "analysts" start saying "BULL MARKETTT (rocket little)" again—that will be the time for caution. The time for patience.

But be careful when trying to hit the bullseye. Most people miss and end up buying more expensively again because they chose to set the day, hour, and price to buy instead of accumulating patiently and consistently at low prices.

Stay humble, stack sats.

Near $1 TRILLION in the TGA (general treasury account) and the Treasury could INJECT this money soon. 🔥

This is a government payments outflow account, and when it is drained, it injects trapped liquidity.

The U.S. Treasury is looking for ways to unlock liquidity without creating monetary units (classic QE).

And we’ll probably see more liquidity inflows in the coming months.