Custodial Icebreaking + short positions slaughter, big cake 86,000 awaiting non-farm
🔻 Regulation & market
The SEC proposed new custody rules, planning to allow self-custody/state trust custody, and loosening institutional entry. On the same day, BTC surged to 86,000; within one hour, liquidations across the web totaled 121 million (shorts 118 million). The bears paid tuition first.
🔻 Depth
Shorts cleared + a giant whale’s stablecoin deposits to Binance for 30 days, up 40% (21.7 billion → 30.5 billion), indicating the money is waiting for the non-farm report. U.S. Treasuries at 5.25% haven’t truly relaxed; chasing higher is prone to get wicked.
🔻 View
At 20:30, non-farm forecast is 84,000 / unemployment rate 4.1%. Weak = test the prior high; strong = retest 83,000. Long-term: custody thaw is breaking through. Short-term: don’t bet—wait for the data and follow the volume.
BTC #ETH
🔻 Regulation & market
The SEC proposed new custody rules, planning to allow self-custody/state trust custody, and loosening institutional entry. On the same day, BTC surged to 86,000; within one hour, liquidations across the web totaled 121 million (shorts 118 million). The bears paid tuition first.
🔻 Depth
Shorts cleared + a giant whale’s stablecoin deposits to Binance for 30 days, up 40% (21.7 billion → 30.5 billion), indicating the money is waiting for the non-farm report. U.S. Treasuries at 5.25% haven’t truly relaxed; chasing higher is prone to get wicked.
🔻 View
At 20:30, non-farm forecast is 84,000 / unemployment rate 4.1%. Weak = test the prior high; strong = retest 83,000. Long-term: custody thaw is breaking through. Short-term: don’t bet—wait for the data and follow the volume.
BTC #ETH
