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AI Crypto Specialist AI Agents & DePIN alpha calls Market trends & trading insights Technical and on-chain analysis Daily content (X: @wachngolo)
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I’ve been in crypto for more than 7 years...Here’s 12 brutal mistakes I made (so you don’t have to)) Lesson 1: Chasing pumps is a tax on impatience Every time I rushed into a coin just because it was pumping, I ended up losing. You’re not early. You’re someone else's exit. Lesson 2: Most coins die quietly Most tokens don’t crash — they just slowly fade away. No big news. Just less trading, fewer updates... until they’re worthless. Lesson 3: Stories beat tech I used to back projects with amazing tech. The market backed the ones with the best story. The best product doesn’t always win — the best narrative usually does. Lesson 4: Liquidity is key If you can't sell your token easily, it doesn’t matter how high it goes. It might show a 10x gain, but if you can’t cash out, it’s worthless. Liquidity = freedom. Lesson 5: Most people quit too soon Crypto messes with your emotions. People buy the top, panic sell at the bottom, and then watch the market recover without them. If you stick around, you give yourself a real chance to win. Lesson 6: Take security seriously - I’ve been SIM-swapped. - I’ve been phished. - I’ve lost wallets. Lesson 7: Don’t trade everything Sometimes, the best move is to do nothing. Holding strong projects beats chasing every pump. Traders make the exchanges rich. Patient holders build wealth. Lesson 8: Regulation is coming Governments move slow — but when they act, they hit hard. Lots of “freedom tokens” I used to hold are now banned or delisted. Plan for the future — not just for hype. Lesson 9: Communities are everything A good dev team is great. But a passionate community? That’s what makes projects last. I learned to never underestimate the power of memes and culture. Lesson 10: 100x opportunities don’t last long By the time everyone’s talking about a coin — it’s too late. Big gains come from spotting things early, then holding through the noise. There are no shortcuts. Lesson 11: Bear markets are where winners are made The best time to build and learn is when nobody else is paying attention. That’s when I made my best moves. If you're emotional, you’ll get used as someone else's exit. Lesson 12: Don’t risk everything I’ve seen people lose everything on one bad trade. No matter how sure something seems — don’t bet the house. Play the long game with money you can afford to wait on. 7 years. Countless mistakes. Hard lessons. If even one of these helps you avoid a costly mistake, then it was worth sharing. Follow for more real talk — no hype, just lessons. Always DYOR and size accordingly. NFA! 📌 Follow @Bluechip for unfiltered crypto intelligence, feel free to bookmark & share.

I’ve been in crypto for more than 7 years...

Here’s 12 brutal mistakes I made (so you don’t have to))

Lesson 1: Chasing pumps is a tax on impatience
Every time I rushed into a coin just because it was pumping, I ended up losing.
You’re not early.
You’re someone else's exit.

Lesson 2: Most coins die quietly
Most tokens don’t crash — they just slowly fade away.
No big news. Just less trading, fewer updates... until they’re worthless.

Lesson 3: Stories beat tech
I used to back projects with amazing tech.
The market backed the ones with the best story.
The best product doesn’t always win — the best narrative usually does.

Lesson 4: Liquidity is key
If you can't sell your token easily, it doesn’t matter how high it goes.
It might show a 10x gain, but if you can’t cash out, it’s worthless.
Liquidity = freedom.

Lesson 5: Most people quit too soon
Crypto messes with your emotions.
People buy the top, panic sell at the bottom, and then watch the market recover without them.
If you stick around, you give yourself a real chance to win.

Lesson 6: Take security seriously
- I’ve been SIM-swapped.
- I’ve been phished.
- I’ve lost wallets.

Lesson 7: Don’t trade everything
Sometimes, the best move is to do nothing.
Holding strong projects beats chasing every pump.
Traders make the exchanges rich. Patient holders build wealth.

Lesson 8: Regulation is coming
Governments move slow — but when they act, they hit hard.
Lots of “freedom tokens” I used to hold are now banned or delisted.
Plan for the future — not just for hype.

Lesson 9: Communities are everything
A good dev team is great.
But a passionate community? That’s what makes projects last.
I learned to never underestimate the power of memes and culture.

Lesson 10: 100x opportunities don’t last long
By the time everyone’s talking about a coin — it’s too late.
Big gains come from spotting things early, then holding through the noise.
There are no shortcuts.

Lesson 11: Bear markets are where winners are made
The best time to build and learn is when nobody else is paying attention.
That’s when I made my best moves.
If you're emotional, you’ll get used as someone else's exit.

Lesson 12: Don’t risk everything
I’ve seen people lose everything on one bad trade.
No matter how sure something seems — don’t bet the house.
Play the long game with money you can afford to wait on.

7 years.
Countless mistakes.
Hard lessons.
If even one of these helps you avoid a costly mistake, then it was worth sharing.
Follow for more real talk — no hype, just lessons.

Always DYOR and size accordingly. NFA!
📌 Follow @Bluechip for unfiltered crypto intelligence, feel free to bookmark & share.
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How Market Cap Works?Many believe the market needs trillions to get the altseason. But $SOL , $ONDO, $WIF , $MKR or any of your low-cap gems don't need new tons of millions to pump. Think a $10 coin at $10M market cap needs another $10M to hit $20? Wrong! Here's the secret I often hear from major traders that the growth of certain altcoins is impossible due to their high market cap. They often say, "It takes $N billion for the price to grow N times" about large assets like Solana. These opinions are incorrect, and I'll explain why ⇩ But first, let's clarify some concepts: Market capitalization is a metric used to estimate the total market value of a cryptocurrency asset. It is determined by two components: ➜ Asset's price ➜ Its supply Price is the point where the demand and supply curves intersect. Therefore, it is determined by both demand and supply. How most people think, even those with years of market experience: ● Example: $STRK at $1 with a 1B Supply = $1B Market Cap. "To double the price, you would need $1B in investments." This seems like a simple logic puzzle, but reality introduces a crucial factor: liquidity. Liquidity in cryptocurrencies refers to the ability to quickly exchange a cryptocurrency at its current market price without a significant loss in value. Those involved in memecoins often encounter this issue: a large market cap but zero liquidity. For trading tokens on exchanges, sufficient liquidity is essential. You can't sell more tokens than the available liquidity permits. Imagine our $STRK for $1 is listed only on 1inch, with $100M available liquidity in the $STRK - $USDC pool. We have: - Price: $1 - Market Cap: $1B - Liquidity in pair: $100M ➜ Based on the price definition, buying $50M worth of $STRK will inevitably double the token price, without needing to inject $1B. The market cap will be set at $2 billion, with only $50 million in infusions. Big players understand these mechanisms and use them in their manipulations, as I explained in my recent thread. Memcoin creators often use this strategy. Typically, most memcoins are listed on one or two decentralized exchanges with limited liquidity pools. This setup allows for significant price manipulation, creating a FOMO among investors. You don't always need multi-billion dollar investments to change the market cap or increase a token's price. Limited liquidity combined with high demand can drive prices up due to basic economic principles. Keep this in mind during your research. I hope you've found this article helpful. Follow me @Bluechip for more. Like/Share if you can #BluechipInsights

How Market Cap Works?

Many believe the market needs trillions to get the altseason.

But $SOL , $ONDO, $WIF , $MKR or any of your low-cap gems don't need new tons of millions to pump.
Think a $10 coin at $10M market cap needs another $10M to hit $20?
Wrong!
Here's the secret

I often hear from major traders that the growth of certain altcoins is impossible due to their high market cap.

They often say, "It takes $N billion for the price to grow N times" about large assets like Solana.

These opinions are incorrect, and I'll explain why ⇩
But first, let's clarify some concepts:

Market capitalization is a metric used to estimate the total market value of a cryptocurrency asset.

It is determined by two components:

➜ Asset's price
➜ Its supply

Price is the point where the demand and supply curves intersect.

Therefore, it is determined by both demand and supply.

How most people think, even those with years of market experience:

● Example:
$STRK at $1 with a 1B Supply = $1B Market Cap.
"To double the price, you would need $1B in investments."

This seems like a simple logic puzzle, but reality introduces a crucial factor: liquidity.

Liquidity in cryptocurrencies refers to the ability to quickly exchange a cryptocurrency at its current market price without a significant loss in value.

Those involved in memecoins often encounter this issue: a large market cap but zero liquidity.

For trading tokens on exchanges, sufficient liquidity is essential. You can't sell more tokens than the available liquidity permits.

Imagine our $STRK for $1 is listed only on 1inch, with $100M available liquidity in the $STRK - $USDC pool.
We have:
- Price: $1
- Market Cap: $1B
- Liquidity in pair: $100M
➜ Based on the price definition, buying $50M worth of $STRK will inevitably double the token price, without needing to inject $1B.

The market cap will be set at $2 billion, with only $50 million in infusions.
Big players understand these mechanisms and use them in their manipulations, as I explained in my recent thread.
Memcoin creators often use this strategy.

Typically, most memcoins are listed on one or two decentralized exchanges with limited liquidity pools.

This setup allows for significant price manipulation, creating a FOMO among investors.

You don't always need multi-billion dollar investments to change the market cap or increase a token's price.

Limited liquidity combined with high demand can drive prices up due to basic economic principles. Keep this in mind during your research.
I hope you've found this article helpful.
Follow me @Bluechip for more.
Like/Share if you can
#BluechipInsights
After careful consideration, I’ve decided to begin gradually buying spot $BTC at $70.2K, moving my first entry higher. My next entry will be sub-69K. We’re currently -43% off the highs. I’m fully aware we could extend to -65% to -70%, and I honestly don’t care. That is what DCAing is for. If we mimic prior cycle retracements, the maximum downside extension lands around $40–45K. I never try to time the exact bottom. My goal is simply to ride the wave when sentiment shifts. I’ll address leveraged long positions in a separate post, but for now I wanted to be transparent: I’m buying my first batch of spot BTC here, fully expecting lower prices ahead. A retrace back to the current ATH represents roughly 75% upside, which could realistically play out over 2–3 years. By comparison, the S&P 500 averages -10% annually, about 30% over 3 years. Even if this first entry is early, I’m still materially outperforming legacy assets, which is why my RR has shifted. Everything I do is public and transparent. I know this may be early, and I personally expect lower levels, but historically, I am always a buyer once price retraces more than 40% from ATH. That hasn’t changed. We can trend lower for the next 3–6 months, but eventually the cycle will change. I don’t mind scaling in sooner rather than later, even if it means enduring temporary drawdowns in the process. Risk isn’t avoiding volatility, it’s missing the move.
After careful consideration, I’ve decided to begin gradually buying spot $BTC at $70.2K, moving my first entry higher. My next entry will be sub-69K.

We’re currently -43% off the highs. I’m fully aware we could extend to -65% to -70%, and I honestly don’t care. That is what DCAing is for.

If we mimic prior cycle retracements, the maximum downside extension lands around $40–45K. I never try to time the exact bottom. My goal is simply to ride the wave when sentiment shifts.

I’ll address leveraged long positions in a separate post, but for now I wanted to be transparent:

I’m buying my first batch of spot BTC here, fully expecting lower prices ahead.

A retrace back to the current ATH represents roughly 75% upside, which could realistically play out over 2–3 years. By comparison, the S&P 500 averages -10% annually, about 30% over 3 years. Even if this first entry is early, I’m still materially outperforming legacy assets, which is why my RR has shifted.

Everything I do is public and transparent. I know this may be early, and I personally expect lower levels, but historically, I am always a buyer once price retraces more than 40% from ATH.

That hasn’t changed. We can trend lower for the next 3–6 months, but eventually the cycle will change. I don’t mind scaling in sooner rather than later, even if it means enduring temporary drawdowns in the process.

Risk isn’t avoiding volatility, it’s missing the move.
Bluechip
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Something interesting is happening with $BTC ...

Most of us are familiar with Bitcoin’s clinical market cycles. Historically, bear markets last about 365 days, and by that metric we’re roughly 1/3 in.

What’s different this time is speed. Price is dropping faster than usual, 1.25x. Since BTC topped in October, earlier than past cycles, it’s reasonable to expect the bottom to arrive earlier too.

My base case: we bottom in August, not Q4. That’s why I’m planning to accumulate between June, August.

Part of this is intuition, but the structure supports it.

Cycles appear to be shortening. As institutional demand grows, it will increasingly absorb miner and OG selling pressure. When that balance shifts, BTC may start behaving less like a boom-bust asset and more like a traditional risk asset, closer to the S&P 500’s cycle profile.

Based on drawdown math, we’re likely 22–30% from the bottom. Historically, smart money builds spot positions in the -40% to -60% range. I don’t expect a -70% drawdown this cycle.

I think we’re 20% away from the bear market low, with the bottom forming in Q3.

Using the 365-day model, there are 200 days left to a formal bottom. That gives us two paths:

• slow sideways chop with a gradual bleed, or
• a faster dump that ends the bear cycle early

I am betting that we bottom sooner. So I am buying at

69K.
65K.
60K.
55K.
50K.
45K.

Don't cry because its over, smile because it happened.

Note: In regards to massive swing longs, you will know when I am long.
🚨Whales and Sharks are aggressively distributing their ETH positions The first natural question is: Is this just movement into exchange reserves? The answer is no. Exchange reserves remain relatively stable, which rules out that hypothesis. This is not operational transfer this is real selling. What we are seeing are entities with massive ETH positions reducing exposure, directly pressuring the market. The outcome is clear: • Progressive capitulation • Cascading liquidations • Dominant selling pressure This type of move does not originate from retail. It starts at the top of the structure, with players controlling large volumes. When this happens, the market does not forgive distraction. Protect your capital. Seek Alpha, not narratives.
🚨Whales and Sharks are aggressively distributing their ETH positions

The first natural question is:
Is this just movement into exchange reserves?
The answer is no.

Exchange reserves remain relatively stable, which rules out that hypothesis.

This is not operational transfer this is real selling.
What we are seeing are entities with massive ETH positions reducing exposure, directly pressuring the market.

The outcome is clear:
• Progressive capitulation
• Cascading liquidations
• Dominant selling pressure

This type of move does not originate from retail.

It starts at the top of the structure, with players controlling large volumes.

When this happens, the market does not forgive distraction.
Protect your capital.

Seek Alpha, not narratives.
A lot of people this cycle are going to make the exact same mistake they made last cycle. Recap: everyone was calling for a 10–12K bottom. It never came. I’ll be accumulating $BTC aggressively between 69,999 and 45K. As always, near the bottom there will be nonstop FUD, collapse narratives, war headlines, some random piece of garbage designed to scare everyone out of buying. Tether FUD, black swans, you name it. Those are the exact moments you want to be buying. After catching the 123k > 82k and 95k > 75k moves, the high RR short opportunities are officially gone. I’m no longer hunting for major swing shorts. At most, I’ll look for bearish retest scalps. For now, nothing really interests me. Any longs would be counter-trend, even though we could still see a sharp 10–12% bounce from whatever low ends up forming, the trend is & always will be, your friend.
A lot of people this cycle are going to make the exact same mistake they made last cycle.

Recap: everyone was calling for a 10–12K bottom. It never came.

I’ll be accumulating $BTC aggressively between 69,999 and 45K. As always, near the bottom there will be nonstop FUD, collapse narratives, war headlines, some random piece of garbage designed to scare everyone out of buying. Tether FUD, black swans, you name it. Those are the exact moments you want to be buying.

After catching the 123k > 82k and 95k > 75k moves, the high RR short opportunities are officially gone. I’m no longer hunting for major swing shorts. At most, I’ll look for bearish retest scalps.

For now, nothing really interests me. Any longs would be counter-trend, even though we could still see a sharp 10–12% bounce from whatever low ends up forming, the trend is & always will be, your friend.
$BTC The prophecy has been fulfilled.
$BTC

The prophecy has been fulfilled.
Bluechip
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$BTC

People want to believe otherwise but the simulation will repeat itself.
Grateful to @Binance_Square_Official  for this recognition and support. Beyond the 1 $BNB, what truly matters is seeing thoughtful, high-signal content and genuine analytical effort being acknowledged in a space often dominated by noise. This kind of initiative encourages creators to focus on depth, structure, and long-term perspective rather than short-term hype. I’ll continue sharing clear, macro-driven insights and frameworks aimed at helping the community better understand markets and risk. Quality and consistency always compound.
Grateful to @Binance Square Official  for this recognition and support.

Beyond the 1 $BNB, what truly matters is seeing thoughtful, high-signal content and genuine analytical effort being acknowledged in a space often dominated by noise.

This kind of initiative encourages creators to focus on depth, structure, and long-term perspective rather than short-term hype.

I’ll continue sharing clear, macro-driven insights and frameworks aimed at helping the community better understand markets and risk.
Quality and consistency always compound.
Binance Square Official
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Congratulations to the winners who won the 1BNB surprise drop from Binance Square on Feb 3 for your content. Keep it up and continue to share good quality insights with unique value.
@Jason Daily Web3 :JasonDaily Talkshow
@Bluechip :The One Number That Explains Bitcoin’s Price
@AgentWXO : 🚀 Crypto Talk 🪙 | Analytics 📊 & Algorithms ⚙️ copytrading
@Htp96 :Bitcoin analysis on the weekly timeframe: 60,000 or 100,000?
@BigWhale Trading:Giai đoạn này cảm thấy dễ dàng hơn để giao dịch, nhưng không phải vì thị trường đột nhiên trở nên thân thiện, mà là vì giá cả đang nói rõ ràng hơn.
🚨BITCOIN COULD FALL TO 38K Investment company Stifel says Bitcoin could fall to $38,000 based on past cycles, citing tighter Fed policy, slowing U.S. crypto regulation, shrinking liquidity, and heavy ETF outflows. Sentiment has sunk into “extreme fear,” showing waning institutional and retail interest. source: Stifel company
🚨BITCOIN COULD FALL TO 38K

Investment company Stifel says Bitcoin could fall to $38,000 based on past cycles, citing tighter Fed policy, slowing U.S. crypto regulation, shrinking liquidity, and heavy ETF outflows.

Sentiment has sunk into “extreme fear,” showing waning institutional and retail interest.
source: Stifel company
You already know my $BTC cales... Now just patience. We’re likely looking at another 5–6 months of sideways/bleeding PA. Expect to trade quicker moves and take profits fast, that’s the environment we’re in.
You already know my $BTC cales... Now just patience.

We’re likely looking at another 5–6 months of sideways/bleeding PA.

Expect to trade quicker moves and take profits fast, that’s the environment we’re in.
BREAKING: Bitcoin dumped $1,900 in just 25 minutes and liquidated $70 million in longs. It then pumped $1,200 in just 10 minutes and liquidated $15 million in shorts. Too much volatility without any major news.
BREAKING: Bitcoin dumped $1,900 in just 25 minutes and liquidated $70 million in longs.

It then pumped $1,200 in just 10 minutes and liquidated $15 million in shorts.

Too much volatility without any major news.
Bitcoin speaks the language of numbers, are we listening to the message? We often hear: “Buy strong companies at the 200-week moving average and let them grow.” But what about Bitcoin? The attached chart is not just lines and colors. It’s a roadmap that reveals the behavior of this controversial digital asset over many years. From a technical perspective, the 200-week moving average (200-Week EMA) has historically represented Bitcoin’s “line of safety.” Every time price touched or approached this level as seen in 2019, 2020, and 2022 it marked a foundation for the start of a new bullish cycle. Today, price is trading well above this level, reflecting strong momentum. But the real challenge has never been the rise itself it’s sustainability. Bitcoin has moved beyond being “just a digital currency” to becoming a barometer of global liquidity and a hedge against monetary supply inflation. When price deviates upward like this, temptation increases. But the difference between a smart investor and a speculator is the ability to read long-term timeframes instead of getting lost in the noise of daily volatility. History doesn’t repeat itself it rhymes. Bitcoin has repeatedly proven that patience around historical support levels is key to building wealth, while chasing tops is a gamble few win. What’s your next strategy? Do you see Bitcoin as a store of value, or merely a speculative asset? Share your thoughts in the comments
Bitcoin speaks the language of numbers, are we listening to the message?

We often hear: “Buy strong companies at the 200-week moving average and let them grow.”
But what about Bitcoin?
The attached chart is not just lines and colors.
It’s a roadmap that reveals the behavior of this controversial digital asset over many years.

From a technical perspective,
the 200-week moving average (200-Week EMA) has historically represented Bitcoin’s “line of safety.”
Every time price touched or approached this level as seen in 2019, 2020, and 2022 it marked a foundation for the start of a new bullish cycle.
Today, price is trading well above this level, reflecting strong momentum.
But the real challenge has never been the rise itself it’s sustainability.

Bitcoin has moved beyond being “just a digital currency”
to becoming a barometer of global liquidity
and a hedge against monetary supply inflation.
When price deviates upward like this, temptation increases.
But the difference between a smart investor and a speculator
is the ability to read long-term timeframes
instead of getting lost in the noise of daily volatility.

History doesn’t repeat itself it rhymes.
Bitcoin has repeatedly proven that patience around historical support levels
is key to building wealth,
while chasing tops is a gamble few win.
What’s your next strategy?
Do you see Bitcoin as a store of value,
or merely a speculative asset?
Share your thoughts in the comments
Smart money is already buying spot $BTC here. Upside heavily outweighs downside. Any further drops = better DCA entries. I’ve been bearish since $120K, and price has now retraced to $75K. While I still expect downside, I’m by no means bearish at these levels.
Smart money is already buying spot $BTC here.

Upside heavily outweighs downside.

Any further drops = better DCA entries.

I’ve been bearish since $120K, and price has now retraced to $75K.

While I still expect downside, I’m by no means bearish at these levels.
🚨 INSIDERS ARE SELLING Insiders are dumping shares at a rate we haven’t seen since 2021. The sell-to-buy ratio has officially reached 4:1. Nearly 1,000 executives cashed out in a single month. Look at the last time the ratio hit this level (late 2021). It happened just before a big drop that brought prices down for everything. What’s really worrying isn't how much is being sold, but that absolutely no one is willing to buy. The only reason insiders put their own money in is because they see value. Today, that confidence is GONE. They’re using this chance to sell while there are still buyers, protecting their own money. They know the real numbers, the order books and the margins, that the public can't see. And they’re choosing cash over equity. The signal is obvious. They’re expecting a BIG crash. ( its not my opinion I found it on X) what you think? $BTC
🚨 INSIDERS ARE SELLING

Insiders are dumping shares at a rate we haven’t seen since 2021.

The sell-to-buy ratio has officially reached 4:1.

Nearly 1,000 executives cashed out in a single month.

Look at the last time the ratio hit this level (late 2021).

It happened just before a big drop that brought prices down for everything.

What’s really worrying isn't how much is being sold, but that absolutely no one is willing to buy.

The only reason insiders put their own money in is because they see value.

Today, that confidence is GONE.

They’re using this chance to sell while there are still buyers, protecting their own money.

They know the real numbers, the order books and the margins, that the public can't see.

And they’re choosing cash over equity.

The signal is obvious. They’re expecting a BIG crash.

( its not my opinion I found it on X) what you think?
$BTC
S&P 500: Four Red Days and What It Really MeansThe S&P 500 has recorded four consecutive days of losses, and if the decline continues, it would mark a streak not seen since last August. But the number of red days is less important than the context in which they occur. What this decline does not mean It does not necessarily signal the start of a bear marketIt does not automatically indicate a financial crisis or imminent crashIt is not by itself evidence of a long-term trend change Markets shift phases not because of the “number of red days,” but due to changes in underlying fundamentals. What is actually happening under the surface The current move reflects a combination of three factors: 1--> Repricing interest-rate expectations With continued strong economic data, bets on rapid rate cuts have declined, putting pressure on valuations especially rate-sensitive stocks. 2--> Profit-taking after a strong rally The index came from historically high levels. The current streak of losses looks more like a healthy technical correction rather than a structural reversal. 3--> Short-term risk aversion Markets are in a cautious phase: More selective liquidityPreference for waiting over rushing in Why the market watches a “fifth day” It’s not a magical number, but: A continued streak increases psychological pressureTests investors’ confidence in the uptrendMay push some short-term portfolios to reduce exposure Historically, consecutive loss streaks often: Precede technical reboundsOr periods of consolidation before the trend resumes Bottom line What’s happening now is a confidence test not a breakdown. Stocks are re-evaluating in light of: Higher yieldsLonger-lasting ratesMore cautious liquidity Headlines are noisy, but structural signals remain different from panic scenarios. The real question isn’t: “How many red days?” It’s: “Have the fundamentals changed?” So far… the answer is: No. $BTC

S&P 500: Four Red Days and What It Really Means

The S&P 500 has recorded four consecutive days of losses, and if the decline continues, it would mark a streak not seen since last August.
But the number of red days is less important than the context in which they occur.
What this decline does not mean
It does not necessarily signal the start of a bear marketIt does not automatically indicate a financial crisis or imminent crashIt is not by itself evidence of a long-term trend change
Markets shift phases not because of the “number of red days,” but due to changes in underlying fundamentals.
What is actually happening under the surface
The current move reflects a combination of three factors:
1--> Repricing interest-rate expectations
With continued strong economic data, bets on rapid rate cuts have declined, putting pressure on valuations especially rate-sensitive stocks.
2--> Profit-taking after a strong rally
The index came from historically high levels. The current streak of losses looks more like a healthy technical correction rather than a structural reversal.
3--> Short-term risk aversion
Markets are in a cautious phase:
More selective liquidityPreference for waiting over rushing in
Why the market watches a “fifth day”
It’s not a magical number, but:
A continued streak increases psychological pressureTests investors’ confidence in the uptrendMay push some short-term portfolios to reduce exposure
Historically, consecutive loss streaks often:
Precede technical reboundsOr periods of consolidation before the trend resumes
Bottom line
What’s happening now is a confidence test not a breakdown.
Stocks are re-evaluating in light of:
Higher yieldsLonger-lasting ratesMore cautious liquidity
Headlines are noisy, but structural signals remain different from panic scenarios.
The real question isn’t:
“How many red days?”
It’s:
“Have the fundamentals changed?”
So far… the answer is: No.
$BTC
Goldman Sachs models Chinese copper smelter collapse probability at 6.4%The empirical number is 35%. They're wrong by a factor of six. This is the most consequential pricing error in global commodities. Chinese smelters refine 44% of the world's copper. In 2026, they earned $0 doing it. The benchmark TC/RC: zero. Spot charges: negative $65/ton. They are paying miners to take their rock. They survive on three byproduct pillars: Sulfuric acid. 40% of revenue. Gold recovery. 35%. Cathode premiums. 25%. Goldman treats these as independent. Normal correlation: 0.32. Measured correlation during Chinese stress events (2015-16 devaluation, 2021-22 Evergrande, 2022 property cascade): 0.92. Goldman's math: 0.4 × 0.4 × 0.4 = 6.4% Correct math using crisis-regime copula: 35% That's not a rounding error. That's a six-fold miscalculation of the tail risk that determines whether 44% of global copper processing stays online. When all three pillars fail simultaneously, 30-50% of Chinese smelting shuts within 90 days. 2-3 million tons removed from a market running on fumes. The surplus everyone models does not exist. 900,000 tons of visible inventory. Comfortable, right? But 492,523 tons sit trapped on COMEX. All-time high. Section 232 tariffs. Cannot leave U.S. soil. LME on-warrant stocks: 114,000 tons. Multi-year lows. Strip the trapped metal and global liquid inventory covers 1.8 days of consumption. Less than two days. June 30, Commerce Department decides if the trap becomes permanent. 55% probability it does. The three fastest-growing demand sectors are functionally price-blind: AI infrastructure. Copper is 0.5% of data center cost. Microsoft doesn't delay a billion-dollar facility over a $25 million copper bill. Demand could hit 2.5 million tons by 2040. Defense. Growing 14% annually. No general cancels weapons procurement because commodity prices rose. Triple current consumption by 2040. Grid infrastructure. China deploys it as stimulus when the economy weakens. The bear scenario for China increases copper demand from the largest buyer on earth. S&P projects a 10-million-ton annual deficit by 2040. Supply can snap. Demand will not yield. Here's the part that breaks every model built for normal markets: The bear case for China is mechanistically identical to the bull case for copper. Prices crash to $9,500 on the macro shock. Bears celebrate. Goldman's $11,000 target looks prescient. Then within 90 days, supply destruction overtakes demand destruction. Smelters shut in weeks. They're hemorrhaging cash at $0 fees with collapsing byproduct revenues. Rational operators preserve capital. Downstream consumption contracts over quarters. Fabricators cut orders gradually. Grid projects continue. Defense procurement continues. Data centers continue. The asymmetry is brutal: supply exits faster than demand. The refined copper deficit that emerges forces prices to $18,000+ to incentivize emergency restarts and alternative sourcing. The crash creates the squeeze. LME positioning: 80th percentile long. Western funds playing the energy transition narrative. SHFE positioning: widest net short since 2021. Chinese traders see the smelter math firsthand. The West is long for the story everyone already knows. China is short because they see what's coming. One of them is using the right model. Goldman year-end target: $11,000. J.P. Morgan: $12,075. Probability-weighted target using corrected correlations: $14,663. Convexity scenario if three-pillar collapse triggers: $18,000-21,500. Chinese production rose 9.7% through October 2025 despite zero processing fees. That's not resilience. That's byproduct dependency masking structural fragility. CSPT has pledged 10% capacity cuts for 2026. That's 961,000 tons. If they execute, the market tightens. If they don't, the cash bleed accelerates the eventual snap. Both paths lead to the same destination. Only the timing differs. The mechanism is already in motion. June 30 resolves it. $BTC

Goldman Sachs models Chinese copper smelter collapse probability at 6.4%

The empirical number is 35%.

They're wrong by a factor of six. This is the most consequential pricing error in global commodities.

Chinese smelters refine 44% of the world's copper. In 2026, they earned $0 doing it.

The benchmark TC/RC: zero.
Spot charges: negative $65/ton.

They are paying miners to take their rock.

They survive on three byproduct pillars:

Sulfuric acid. 40% of revenue.
Gold recovery. 35%.
Cathode premiums. 25%.

Goldman treats these as independent. Normal correlation: 0.32.

Measured correlation during Chinese stress events (2015-16 devaluation, 2021-22 Evergrande, 2022 property cascade): 0.92.

Goldman's math: 0.4 × 0.4 × 0.4 = 6.4%

Correct math using crisis-regime copula: 35%

That's not a rounding error. That's a six-fold miscalculation of the tail risk that determines whether 44% of global copper processing stays online.

When all three pillars fail simultaneously, 30-50% of Chinese smelting shuts within 90 days.

2-3 million tons removed from a market running on fumes.

The surplus everyone models does not exist.

900,000 tons of visible inventory. Comfortable, right?

But 492,523 tons sit trapped on COMEX. All-time high. Section 232 tariffs. Cannot leave U.S. soil.

LME on-warrant stocks: 114,000 tons. Multi-year lows.

Strip the trapped metal and global liquid inventory covers 1.8 days of consumption.

Less than two days.

June 30, Commerce Department decides if the trap becomes permanent. 55% probability it does.

The three fastest-growing demand sectors are functionally price-blind:

AI infrastructure. Copper is 0.5% of data center cost. Microsoft doesn't delay a billion-dollar facility over a $25 million copper bill. Demand could hit 2.5 million tons by 2040.

Defense. Growing 14% annually. No general cancels weapons procurement because commodity prices rose. Triple current consumption by 2040.

Grid infrastructure. China deploys it as stimulus when the economy weakens. The bear scenario for China increases copper demand from the largest buyer on earth.

S&P projects a 10-million-ton annual deficit by 2040.

Supply can snap. Demand will not yield.

Here's the part that breaks every model built for normal markets:

The bear case for China is mechanistically identical to the bull case for copper.

Prices crash to $9,500 on the macro shock. Bears celebrate. Goldman's $11,000 target looks prescient.

Then within 90 days, supply destruction overtakes demand destruction.

Smelters shut in weeks. They're hemorrhaging cash at $0 fees with collapsing byproduct revenues. Rational operators preserve capital.

Downstream consumption contracts over quarters. Fabricators cut orders gradually. Grid projects continue. Defense procurement continues. Data centers continue.

The asymmetry is brutal: supply exits faster than demand.

The refined copper deficit that emerges forces prices to $18,000+ to incentivize emergency restarts and alternative sourcing.

The crash creates the squeeze.

LME positioning: 80th percentile long. Western funds playing the energy transition narrative.

SHFE positioning: widest net short since 2021. Chinese traders see the smelter math firsthand.

The West is long for the story everyone already knows.

China is short because they see what's coming.

One of them is using the right model.

Goldman year-end target: $11,000.
J.P. Morgan: $12,075.
Probability-weighted target using corrected correlations: $14,663.
Convexity scenario if three-pillar collapse triggers: $18,000-21,500.

Chinese production rose 9.7% through October 2025 despite zero processing fees. That's not resilience. That's byproduct dependency masking structural fragility.

CSPT has pledged 10% capacity cuts for 2026. That's 961,000 tons. If they execute, the market tightens. If they don't, the cash bleed accelerates the eventual snap.

Both paths lead to the same destination. Only the timing differs.

The mechanism is already in motion.
June 30 resolves it.
$BTC
Something interesting is happening with $BTC ... Most of us are familiar with Bitcoin’s clinical market cycles. Historically, bear markets last about 365 days, and by that metric we’re roughly 1/3 in. What’s different this time is speed. Price is dropping faster than usual, 1.25x. Since BTC topped in October, earlier than past cycles, it’s reasonable to expect the bottom to arrive earlier too. My base case: we bottom in August, not Q4. That’s why I’m planning to accumulate between June, August. Part of this is intuition, but the structure supports it. Cycles appear to be shortening. As institutional demand grows, it will increasingly absorb miner and OG selling pressure. When that balance shifts, BTC may start behaving less like a boom-bust asset and more like a traditional risk asset, closer to the S&P 500’s cycle profile. Based on drawdown math, we’re likely 22–30% from the bottom. Historically, smart money builds spot positions in the -40% to -60% range. I don’t expect a -70% drawdown this cycle. I think we’re 20% away from the bear market low, with the bottom forming in Q3. Using the 365-day model, there are 200 days left to a formal bottom. That gives us two paths: • slow sideways chop with a gradual bleed, or • a faster dump that ends the bear cycle early I am betting that we bottom sooner. So I am buying at 69K. 65K. 60K. 55K. 50K. 45K. Don't cry because its over, smile because it happened. Note: In regards to massive swing longs, you will know when I am long.
Something interesting is happening with $BTC ...

Most of us are familiar with Bitcoin’s clinical market cycles. Historically, bear markets last about 365 days, and by that metric we’re roughly 1/3 in.

What’s different this time is speed. Price is dropping faster than usual, 1.25x. Since BTC topped in October, earlier than past cycles, it’s reasonable to expect the bottom to arrive earlier too.

My base case: we bottom in August, not Q4. That’s why I’m planning to accumulate between June, August.

Part of this is intuition, but the structure supports it.

Cycles appear to be shortening. As institutional demand grows, it will increasingly absorb miner and OG selling pressure. When that balance shifts, BTC may start behaving less like a boom-bust asset and more like a traditional risk asset, closer to the S&P 500’s cycle profile.

Based on drawdown math, we’re likely 22–30% from the bottom. Historically, smart money builds spot positions in the -40% to -60% range. I don’t expect a -70% drawdown this cycle.

I think we’re 20% away from the bear market low, with the bottom forming in Q3.

Using the 365-day model, there are 200 days left to a formal bottom. That gives us two paths:

• slow sideways chop with a gradual bleed, or
• a faster dump that ends the bear cycle early

I am betting that we bottom sooner. So I am buying at

69K.
65K.
60K.
55K.
50K.
45K.

Don't cry because its over, smile because it happened.

Note: In regards to massive swing longs, you will know when I am long.
On the LTF (5–15m), $BTC broke above the prior low and pulled back for a retest, which price respected (as outlined in the quoted tweet). That’s textbook acceptance back into the range, making the weekly open the next logical target.
On the LTF (5–15m), $BTC broke above the prior low and pulled back for a retest, which price respected (as outlined in the quoted tweet).

That’s textbook acceptance back into the range, making the weekly open the next logical target.
Bluechip
·
--
$BTC

We swept the lows and printed a three drive pattern.

Ideally, bulls want to see a daily close above 75K with acceptance above the prior wick low.

If acceptance holds, looking for scalp longs makes sense, with stops at the PWL & targets at 79K.
$BTC We swept the lows and printed a three drive pattern. Ideally, bulls want to see a daily close above 75K with acceptance above the prior wick low. If acceptance holds, looking for scalp longs makes sense, with stops at the PWL & targets at 79K.
$BTC

We swept the lows and printed a three drive pattern.

Ideally, bulls want to see a daily close above 75K with acceptance above the prior wick low.

If acceptance holds, looking for scalp longs makes sense, with stops at the PWL & targets at 79K.
One of the best trades of my trading career. Executed to perfection, publicly. $BTC
One of the best trades of my trading career.

Executed to perfection, publicly. $BTC
Bluechip
·
--
$BTC

I have booked another 30% profits here at 76.1K. Initially moving the 74.5K scale out up by a few %.

I’m now holding just 20% of my short position from 95K.

I’m satisfied having publicly captured a -20% drop.

Thanks for playing. 💸
Epstein files reveal Bitcoin’s secret war as Ripple insiders exposea decade of explosive hidden industry sabotage Ripple's transformation into a regulated powerhouse challenges Bitcoin's original narratives of ecosystem purity. A decade-old email is reviving questions about whether projects like Ripple posed a threat to Bitcoin’s development or merely served as competitors that some BTC backers sought to exclude. The email, dated July 31, 2014, appears to show Austin Hill, then described as Blockstream’s chief executive, telling the late Jeffrey Epstein and other recipients that “Ripple, and Jed McCaleb’s new Stellar [were] bad for the ecosystem.” Blockstream is a Bitcoin-focused blockchain technology firm. The correspondence resurfaced after the US Department of Justice published millions of pages of records under the Epstein Files Transparency Act, a disclosure that includes emails, files, images, and videos tied to past investigations. What was in the email? The email’s headline draw is obvious (as Jeffrey Epstein is a toxic magnet for attention), and Blockstream’s current leadership has moved quickly to deny any ongoing financial connection. However, the more durable story is about the sender’s premise rather than the recipients' notoriety. Austin Hill argued that capital flowing into Ripple and Stellar wasn’t merely competition. It was contamination. He viewed these projects as threats that could “damage” Bitcoin’s future by diluting investor alignment, developer focus, and narrative power. To many maximalists of that era, the “ecosystem” was not a broad crypto category. It was Bitcoin, plus the infrastructure, that made the flagship digital asset more usable without compromising its ethos. Thus, this worldview “justified” the specific pressure applied in the email. However, XRP community members view the email as evidence that early Bitcoin insiders sought to divert capital from Ripple. For context, XRP commentator Leonidas Hadjiloizou argued the email reads like an attempt to pressure investors to “pick a horse” and to reduce or withdraw a Blockstream allocation if they also backed Ripple or Stellar. According to him: “The email to Epstein and Joichi Ito by Austin Hill was just another effort by Bitcoin maxis to fight Ripple and Stellar.” Meanwhile, the resurfaced email has pulled in modern Ripple voices who lived through these early battles. Ripple CTO emeritus David Schwartz said he “wouldn’t be at all surprised” if the email is “the tip of a giant iceberg,” arguing that: “Hill felt that support for Ripple or Stellar made someone an enemy/opponent. It seems quite likely that Hill and others expressed similar views to many other people.” In his view, standing against the supporters of rival networks as enemies hurts everyone in the space. However, Schwartz also drew a boundary around what the email does not establish, noting there is no evidence of direct connections between Epstein and Ripple, XRP, or Stellar. Is Ripple Really Bad for the Ecosystem? The irony of Hill’s 2014 warning is that the “damage” he feared has arguably materialized, as Ripple has become a dominant force in the industry. In 2026, Ripple has not only survived but also entrenched itself as a regulated pillar of the crypto infrastructure. However, this growth occurred without the catastrophic consequences for Bitcoin that maximalists originally predicted. In fact, Ripple’s evolution over the last decade suggests that the “ecosystem” was always destined to be larger than just Bitcoin. The firm’s most significant milestone came with the conclusion of its long-running battle with the SEC. The 2025 settlement, which saw the company pay a fraction of the regulator’s original demand, effectively cleared the regulatory cloud that had hung over the asset for years. That legal clarity paved the way for the very thing early Bitcoiners feared: deep institutional integration. Today, the company looks less like a “scam” and more like a bank with major licenses worldwide. Moreover, Ripple has aggressively expanded its custody capabilities by acquiring Swiss-based Metaco and Standard Custody & Trust. It has also acquired major financial platforms like GTreasury, Hidden Road, and the stablecoin platform Rail. Perhaps the strongest rebuttal to the “bad for the ecosystem” claim is the market’s acceptance of XRP as an institutional asset class. The launch of XRP ETFs in late 2025, including offerings from issuers like Franklin Templeton, signaled that Wall Street no longer views the asset as “contamination.” Instead, the inflows into these products suggest that for modern investors, the “ecosystem” is not a zero-sum game between Bitcoin and payments networks. It is a diversified portfolio where both “horses” can run. Will Bitcoin and Ripple community members ever end their bickering? Long before spot crypto ETFs and big-bank custody deals, the Bitcoin community fought public battles in forums over what counted as “good for the ecosystem.” On Bitcointalk, one widely circulated 2013 thread framed Ripple as contrary to Bitcoin’s goals and criticized its structure and incentives, reflecting a strain of skepticism that later hardened into the “maximalist” worldview. Those criticisms tended to cluster around a few themes: governance control, token distribution, whether a project’s economic model was “too company-led,” and whether its outreach to banks and regulators undercut Bitcoin’s political narrative. However, supporters of Ripple and Stellar argued that faster settlement rails, lower transaction costs, and a focus on payments were practical features rather than ideological betrayals. They contended that early Bitcoin discourse often conflated “different design” with “existential threat.” Meanwhile, even if the 2014 email is primarily a time capsule, it maps onto a more recent political and policy conflict that has shifted the Bitcoin-versus-Ripple debate from forums to lobbying. In early 2025, Jack Mallers, the co-founder and CEO of Twenty One Capital, argued that Ripple was actively lobbying to prevent a Bitcoin-only Strategic Reserve in the US while promoting its centralized, corporate-controlled XRP token. According to him, XRP’s centralized nature conflicts with the goals of a strategic BTC reserve that are “pro-industry, pro-jobs, and pro-technology.” That debate became more concrete when President Donald Trump said a US strategic crypto reserve would include XRP alongside Bitcoin and other major tokens. The announcement sharpened an already familiar fault line: Bitcoin maximalists advocating a single-asset monetary reserve versus a multi-asset framework that benefits large US-linked token networks. These issues explain why the Bitcoin and Ripple communities appear to be in outright loggerheads over the past years, despite the assets being two of the most popular cryptocurrencies globally. However, Ripple CEO Brad Garlinghouse appears to be steering the XRP holders away from the “fights” by consistently urging cooperation and unity among industry players to help the emerging sector grow.

Epstein files reveal Bitcoin’s secret war as Ripple insiders expose

a decade of explosive hidden industry sabotage
Ripple's transformation into a regulated powerhouse challenges Bitcoin's original narratives of ecosystem purity.
A decade-old email is reviving questions about whether projects like Ripple posed a threat to Bitcoin’s development or merely served as competitors that some BTC backers sought to exclude.
The email, dated July 31, 2014, appears to show Austin Hill, then described as Blockstream’s chief executive, telling the late Jeffrey Epstein and other recipients that “Ripple, and Jed McCaleb’s new Stellar [were] bad for the ecosystem.” Blockstream is a Bitcoin-focused blockchain technology firm.
The correspondence resurfaced after the US Department of Justice published millions of pages of records under the Epstein Files Transparency Act, a disclosure that includes emails, files, images, and videos tied to past investigations.
What was in the email?
The email’s headline draw is obvious (as Jeffrey Epstein is a toxic magnet for attention), and Blockstream’s current leadership has moved quickly to deny any ongoing financial connection.
However, the more durable story is about the sender’s premise rather than the recipients' notoriety.
Austin Hill argued that capital flowing into Ripple and Stellar wasn’t merely competition. It was contamination. He viewed these projects as threats that could “damage” Bitcoin’s future by diluting investor alignment, developer focus, and narrative power.
To many maximalists of that era, the “ecosystem” was not a broad crypto category. It was Bitcoin, plus the infrastructure, that made the flagship digital asset more usable without compromising its ethos.
Thus, this worldview “justified” the specific pressure applied in the email.
However, XRP community members view the email as evidence that early Bitcoin insiders sought to divert capital from Ripple.
For context, XRP commentator Leonidas Hadjiloizou argued the email reads like an attempt to pressure investors to “pick a horse” and to reduce or withdraw a Blockstream allocation if they also backed Ripple or Stellar.
According to him:
“The email to Epstein and Joichi Ito by Austin Hill was just another effort by Bitcoin maxis to fight Ripple and Stellar.”
Meanwhile, the resurfaced email has pulled in modern Ripple voices who lived through these early battles.
Ripple CTO emeritus David Schwartz said he “wouldn’t be at all surprised” if the email is “the tip of a giant iceberg,” arguing that:
“Hill felt that support for Ripple or Stellar made someone an enemy/opponent. It seems quite likely that Hill and others expressed similar views to many other people.”
In his view, standing against the supporters of rival networks as enemies hurts everyone in the space.
However, Schwartz also drew a boundary around what the email does not establish, noting there is no evidence of direct connections between Epstein and Ripple, XRP, or Stellar.
Is Ripple Really Bad for the Ecosystem?
The irony of Hill’s 2014 warning is that the “damage” he feared has arguably materialized, as Ripple has become a dominant force in the industry. In 2026, Ripple has not only survived but also entrenched itself as a regulated pillar of the crypto infrastructure.
However, this growth occurred without the catastrophic consequences for Bitcoin that maximalists originally predicted.
In fact, Ripple’s evolution over the last decade suggests that the “ecosystem” was always destined to be larger than just Bitcoin.
The firm’s most significant milestone came with the conclusion of its long-running battle with the SEC. The 2025 settlement, which saw the company pay a fraction of the regulator’s original demand, effectively cleared the regulatory cloud that had hung over the asset for years.
That legal clarity paved the way for the very thing early Bitcoiners feared: deep institutional integration.
Today, the company looks less like a “scam” and more like a bank with major licenses worldwide.
Moreover, Ripple has aggressively expanded its custody capabilities by acquiring Swiss-based Metaco and Standard Custody & Trust. It has also acquired major financial platforms like GTreasury, Hidden Road, and the stablecoin platform Rail.
Perhaps the strongest rebuttal to the “bad for the ecosystem” claim is the market’s acceptance of XRP as an institutional asset class.
The launch of XRP ETFs in late 2025, including offerings from issuers like Franklin Templeton, signaled that Wall Street no longer views the asset as “contamination.”
Instead, the inflows into these products suggest that for modern investors, the “ecosystem” is not a zero-sum game between Bitcoin and payments networks. It is a diversified portfolio where both “horses” can run.
Will Bitcoin and Ripple community members ever end their bickering?
Long before spot crypto ETFs and big-bank custody deals, the Bitcoin community fought public battles in forums over what counted as “good for the ecosystem.”
On Bitcointalk, one widely circulated 2013 thread framed Ripple as contrary to Bitcoin’s goals and criticized its structure and incentives, reflecting a strain of skepticism that later hardened into the “maximalist” worldview.
Those criticisms tended to cluster around a few themes: governance control, token distribution, whether a project’s economic model was “too company-led,” and whether its outreach to banks and regulators undercut Bitcoin’s political narrative.
However, supporters of Ripple and Stellar argued that faster settlement rails, lower transaction costs, and a focus on payments were practical features rather than ideological betrayals.
They contended that early Bitcoin discourse often conflated “different design” with “existential threat.”
Meanwhile, even if the 2014 email is primarily a time capsule, it maps onto a more recent political and policy conflict that has shifted the Bitcoin-versus-Ripple debate from forums to lobbying.
In early 2025, Jack Mallers, the co-founder and CEO of Twenty One Capital, argued that Ripple was actively lobbying to prevent a Bitcoin-only Strategic Reserve in the US while promoting its centralized, corporate-controlled XRP token.
According to him, XRP’s centralized nature conflicts with the goals of a strategic BTC reserve that are “pro-industry, pro-jobs, and pro-technology.”
That debate became more concrete when President Donald Trump said a US strategic crypto reserve would include XRP alongside Bitcoin and other major tokens.
The announcement sharpened an already familiar fault line: Bitcoin maximalists advocating a single-asset monetary reserve versus a multi-asset framework that benefits large US-linked token networks.
These issues explain why the Bitcoin and Ripple communities appear to be in outright loggerheads over the past years, despite the assets being two of the most popular cryptocurrencies globally.
However, Ripple CEO Brad Garlinghouse appears to be steering the XRP holders away from the “fights” by consistently urging cooperation and unity among industry players to help the emerging sector grow.
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