Now Playing
Supply Squeeze, Fed Risk & Protocol Upgrades Converge | Jul 21-27
Audio is available on Spreaker — see link below.
Bitcoin's long-term holders now control 84% of supply — an all-time high — while the Fed, earnings season, and three protocol upgrades collide in a single week. Today's briefing breaks down what the on-chain structure, Strategy's cash pivot, and the macro calendar mean for crypto markets right now.
Audio is available on Spreaker — see link below.
Eighty-four percent. That's the share of Bitcoin supply now held by long-term holders, an all-time high concentration.
That structural read is backed by behavior. The so-called shark cohort, wallets holding between ten and ten thousand BTC, added just under twenty thousand Bitcoin in eight days.
Strategy's positioning is more nuanced. The company paused Bitcoin purchases five weeks ago, raised five hundred forty-four million dollars in equity, and now holds three-point-seven-five billion dollars in USD reserves alongside eight hundred forty-three thousand seven hundred seventy-five Bitcoin.
The FOMC decision lands Wednesday, July twenty-ninth. Markets are pricing a rate hold at three-point-fifty to three-point-seventy-five percent.
The Stacks upgrade deserves a specific note. Self-custodial Bitcoin staking means users can now earn yield on BTC without surrendering keys to a third party.
The watchpoints coming out of this week are specific. Watch Warsh's language Wednesday.
Chapter summary auto-generated from the verified script. Listen to the full episode for the complete content.