Magnitude of the Tariff Shock:
$480–$640B is 2–3% of U.S. GDP
Assuming 100% pass-through, tariffs could directly add 1.5–2.0 percentage points to CPI over 12 months if there’s no offsetting deflation elsewhere.
New US tariffs now average 15–20% on $3.2T in annual imports.
That’s $480B–$640B per year in new taxes.
With import prices unchanged, most of the cost is hitting US consumers and businesses.
That’s roughly 2–3% of GDP — big enough to move inflation and growth.
The July jobs report was brutal: +73k vs 106k expected, plus a huge -258k revision to prior months — nearly wiping out gains. Biggest downward revision in decades (ex‑lockdowns). Hours later, Trump fired the head of the BLS.
Galaxy’s 80,000 BTC sale (~$9.6B) was one of the largest in history.
The press release? Embedded on-chain via OP_RETURN.
The response? 1-sat UTXOs dusted back to original wallets—likely aimed at a party trying to claim the coins.
Price dipped 3.5%, then rebounded.
Galaxy’s 80,000 BTC sale (~$9.6B) was one of the largest in history.
The press release? Embedded on-chain via OP_RETURN.
The response? 1-sat UTXOs dusted back to original wallets—likely aimed at a party trying to claim the coins.
Price dipped 3.5%, then rebounded.
“The government has guaranteed asset owners will always win.” @APompliano
The market is broken. They blinked in 2008—and they’ll never let investors fail en masse again. Collapse would mean the end of the US economy. Bitcoin will stop going up when they stop printing money.
Arthur Hayes sees $BTC hitting $1,000,000 in the long-term as liquidity floods the system.
Short-term dip? A buying opportunity before liftoff.
Full post 👉 open.substack.com/pub/cryptohaye…
Whale Distribution in Progress 🐋
The number of Bitcoin addresses holding ≥20 BTC has gradually declined over 5 years—from ~130K to ~115K.
Profit taking results in BTC is decentralizing. One sat at a time.
Over 1,050,000 addresses now hold at least 1 full BTC—a new all-time high.
Despite soaring prices, more users are reaching wholecoiner status, showing long-term conviction is alive and well.
Zoom out. They’re stacking.
Whale Selling Surges.
Bitcoin hit a new ATH near $123K, then cooled to ~$118K—even as exchange inflows spiked to 81K BTC, the largest since Feb 26.
Despite the selling pressure, price remains remarkably stable—signs of strong underlying demand.
@cryptoquant_com
Donald Trump is preparing an executive order to open the $9 trillion US retirement market (401(k)s) to crypto, gold, and private equity—potentially transforming retirement investing forever.
All signs suggest Trump wants the Fed under Treasury’s thumb — clearing the path for turbocharged spending and yield curve control.
Scott Bessent’s silent nod on CNBC July 3rd.
All signs suggest Trump wants the Fed under Treasury’s thumb — clearing the path for turbocharged spending and yield curve control.
Scott Bessent’s silent nod on CNBC July 3rd.
Bitcoin is climbing during periods of low realized volatility — a historical rarity.
BTC is trending up quietly, without the chaotic swings it’s known for.
That’s not just different — it’s bullish.
Strength with stability.
#Bitcoin#BTC#Crypto
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