• 🧠Quote(s) of the week:
• 🧡Bitcoin news🧡
• 💸Traditional Finance / Macro:
• 🏦Banks:
• 🌎Macro/Geopolitics:
• 🎁If you have made it this far, I would like to give you a little gift:

§🧠Quote(s) of the week:

’What’s the common denominator with all of these issues? High rent — Money Can’t buy homes — Money Groceries too damn high — Money Student debt — Money Credit card debt — Money Health insurance — Money Saving to invest — Money Dating and marriage — Money (heavy burden because of monetary costs), Trust in institutions — shattered because of broken money

Belief in the future — not possible when your money is GUARANTEED to lose value in the future BY DESIGN No meaning — heavy time and energy pressure because your time and energy decline when your money, which is a representation of your time and energy, declines in value

Maybe the money is the problem?? Spoiler alert: it is.

A socialist mayor or leader of your country isn’t going to fix it. Broken money breaks the world. All of these issues, including one of the biggest cities in the world electing a socialist, stem from the money being broken. The world will not be fixed until the money is fixed. The solution is here. All that remains is understanding. Study Bitcoin.’ - Cole Walmsley

§🧡Bitcoin news🧡

Just want to start with the following… What produces inflation? Milton Friedman had the answer decades ago: “Too much government spending and too much government creation of money - and nothing else.”

Study Bitcoin!

Photos hosted by Azzamo (https://azzamo.net/)

On the 16th of November: ➡️I’m a buyer of standard deviation moves to the downside; they don’t come often, but they tend to be excellent opportunities.

➡️Bitcoin News: Bitcoin just hit its 4th “death cross” of this cycle. The last three marked excellent buying opportunities. Historically, one year after a death cross, Bitcoin has been higher 50% of the time, with an average return of 85%.

On the 17th of November:

➡️

‘IBIT alone is buying 1,200 BTC / day (all day average). All ETFs + MSTR 2,000 BTC / day = 1 MM BTC+ every 2 Years. (R2 = 93%). Most of the freely tradable supply will be bought in the next decade.’ - Fred Krueger

➡️95% of the total Bitcoin supply has now been mined.

➡️Jeff Swanson: Bitcoin continues its collapse, ultimately going to zero. You can really see it here on this chart.

On the 18th of November: ➡️Bitcoin whales bought the dip below $100k

➡️The last time Bitcoin was here, global liquidity was $7 trillion lower.

➡️BTCosmonaut: ‘This is without a doubt one of the most dangerous bear traps in Bitcoin history. Plebs are losing the plot and selling to Blackrock, Harvard, UAE, Czech, etc., because their WATCH is telling them to. Unfortunately, they will never see that Bitcoin again.’

➡️Joe Consorti: ‘Bitcoin may be at its lowest price since April, but the assets held by spot ETFs are ~200,000 BTC higher. Don’t let Goldman Sachs be more bullish than you.’

➡️Pre Black Friday deal: Bitcoin’s on sale. 30% discount.

➡️El Salvador just bought $100 MILLION Bitcoin during the dip.

➡️’95% of the 21 million Bitcoins have officially been mined. Only 5% of BTC supply left to be mined over the next 114 years!’ - Wicked

Chapo: ‘21M total BTC 3M lost = 18M 75% owned by institutions, govts, funds Only ~4M BTC available for individuals globally to own. Individual average ownership = 1/2000 (0.0005) Bitcoin If you own anywhere close to a whole Bitcoin, you are rich AF.’

On the 19th of November: ➡️Bitcoin has broken below the 0.75 cost-basis quantile, a level that has historically marked bear-market territory. Across cycles, reclaiming and holding above it has been key to restoring bullish structure. Bulls will want to see this level regained. -Glassnode

➡️New Hampshire launches First Bitcoin-backed municipal bond.

On the 20th of November: ➡️’Short-term holders underwater: • 2020 COVID crash 92% in a loss of $3,850 • 2022 FTX collapse 94% in a loss of $16,000 • Today: 99% in a loss at $89,000 This is the highest short-term holder capitulation ever recorded.’

➡️Charlie Bilello: At $86,000, Bitcoin is now down around 32% from its all-time high of $126,000 in early October. That’s the biggest drawdown since April, but not unusual at all given its historical volatility.

➡️ Bitcoin’s weekly RSI is at a level historically reserved for the bottom of bear market cycles, yet we’re only 30% off the highs. It might be the fastest washout in Bitcoin history.

➡️Strategy: ‘At current $BTC levels, we have 71 years of dividend coverage assuming the price stays flat. And any $BTC appreciation beyond 1.41% a year fully offsets our annual dividend obligations.’

Market: “We’re gonna take Bitcoin down and force liquidate Saylor.” Strategy: “Okay, sure. Assuming we do nothing else, you know that we have 71 years of dividends at this current Bitcoin price, right?” Market: “Oh…um…well…”

On the 21st of November: ➡️At $80,600, Bitcoin is now down around 36% from its all-time high of $126,300 in early October. That’s the biggest correction off an all-time high since 2022. Is this unusual volatility for Bitcoin? Not at all. We’ve seen similar or bigger drawdowns every year.

I saw Bitcoin crash from $20k to $3k, from $69k to $16k, and from $126k to $80k. Every dip was said to be Bitcoin’s death, while in reality, every single one was a once-in-a-lifetime buying opportunity. Zoom out, chill, and HODL. Bitcoin will recover.

Aged like fine red wine.

➡️Bitcoin News: Bitcoin’s Mean Reversion Oscillator just printed its first green (oversold) bar since April this year.

➡️The number of Bitcoin addresses worth over $100K has dropped 30% over the last two weeks.

➡️Bitcoin realized losses surge to levels last seen during the FTX collapse (Glassnode)

➡️’Binance spot orderbook just printed the single largest positive Depth Delta spike on record (deepest depth). Buy orders now massively outnumber sell orders below price, the strongest absorption signal we’ve seen all cycle. Previous extremes like this marked local lows within hours/days.’ - ExitpumpBTC

➡️Bitcoin realized losses have surged to levels last seen during the FTX collapse, with short-term holders driving the bulk of the capitulation. The scale and speed of these losses reflect a meaningful washout of marginal demand as recent buyers unwind into the drawdown. - Glassnode

➡️Bit Paine: If this dip is truly being caused by a liquidity contraction before a wave of stimulus, then the only real historical comparison we have is the 2019 COVID crash, like the ocean going out before a tidal wave.

➡️Parker Lewis: “The most important learning from bitcoin’s volatility is that bitcoin doesn’t die. No central coordination, no bailouts, no moral hazard. On March 12th, 2020, Bitcoin crashed by 50% in a single day to $4,000. Did Bitcoin die? No. Is this good for Bitcoin? Yes. Same story.”

➡️SOLO BLOCK FOUND A home miner with only ~6.73TH/s of total hashrate just mined a block for 3.146 BTC, totaling $264,558. The device that mined block 924569 appears to be a Bitaxe Gamma at 1.2TH/s.

On the 22nd of November: ➡️Bitcoin’s weekly RSI has only been this low twice before:

1. 2019 bear market
2. 2022 bear market.

➡️Even if Bitcoin adoption completely froze today, its price could still track M2 money supply growth at about 8% per year. ~8% more USD. ~0% more BTC. Each year. But adoption is accelerating, not stopping, so a CAGR of 30% - 50%+ is more realistic.

➡️Billy Boone: ‘If Bitcoin closes in the red in 2025, it will break the pattern, and everything you’ve ever thought to be predictable about the asset is over. In uncharted territory, macro makes the rules. And macro is ALWAYS forced to appreciate scarce assets eventually. Remember, we live in a world denominated in pieces of paper represented by numbers on a screen.’

➡️SwanDesk: ‘Bitcoin Hashprice COLLAPSES to all-time low of $34.49/PH/s, down over -50% in weeks and the lowest in BTC’s entire history. This is much worse than even the 2021 China ban or the 2022 bear market. Miners are now hemorrhaging cash, which means forced selling and shutdowns are imminent.’

Miners capitulating at historic lows isn’t a crisis; it’s the reset Bitcoin needed. Weak hands exit, difficulty adjusts down, survivors mine profitably again. This is how BTC self-heals.

Anyway, people, just calm your tits and behold, The Great Bitcoin Collapse:

§💸Traditional Finance / Macro:

On the 21st of November: 👉🏽TKL: The Fear & Greed Index falls to 8, now at its lowest level since the April 2025 bottom. We are back to “Extreme Fear” with the S&P 500 just 5% away from a record high. The last time this happened, the S&P 500 rallied +200 points in 48 hours.

On the 22nd of November: 👉🏽TKL: ‘We are witnessing unprecedented market concentration: Magnificent 7 stocks now reflect a record 38% of the S&P 500’s market cap. This means that 38 cents of every $1 invested in the S&P 500 goes into these 7 names. The percentage has DOUBLED since the 2020 pandemic. Nvidia, Microsoft, and Apple alone make up 22% of the index’s market value. Meanwhile, the combined market value of the top 10 stocks has climbed to a record 42% of the S&P 500. Never in the history of financial markets has concentration been this high. Big tech is all that matters.’

§🏦Banks:

👉🏽No news

§🌎Macro/Geopolitics:

On the 15th of November: 👉🏽Charlie Bilello: Gold (+55%) is the best-performing major asset in 2025, while Bitcoin (+1%) is now the worst. Something we haven’t seen before in any calendar year (the inverse of 2013).

On the 16th of November: 👉🏽Marcel Crok“By 2035, wealthy countries are expected to contribute around €1.3 trillion per year to so-called ‘developing nations’. Under the definitions set in 1992—never revised since—countries such as China, India, and the Gulf States are still classified as ‘developing’. China routinely argues that it has no obligation to contribute because it is still ‘in development’. Pakistan, for example, claims that its flooding disasters are the responsibility of the West due to climate change, and therefore Western nations should pay.”

👉🏽A notable development this week: With the climate narrative losing some of its political momentum, a new global “emergency” is being pushed forward. Under the leadership of Joseph Stiglitz, proposals have emerged for an “Inequality Emergency” and even an IPC — International Panel on Inequality, modeled after the IPCC. It’s hard not to notice the pattern: every few years, a new crisis architecture is built that centralizes more power at the international level. Whether intentional or not, the direction increasingly resembles a framework for global economic management — even global socialism — under a different label. Source: https://wid.world/news-article/500-economists-and-inequality-experts-from-seventy-countries-support-call-for-new-ipcc-for-inequality/

Their “IPCC for inequality” is a power grab dressed as science. Panels like this never diffuse authority; they centralise it. A permanent body defining “inequality” becomes a moral regulator for governments, markets, and speech. Create the metric, control the policy.

On the 17th of November: 👉🏽Michael A. Arouet: Powerful chart. Countries with the highest economic freedom have the lowest poverty rates. Can someone please explain why the lefts try whatever it can to reduce economic freedom with regulations and taxes? Why are they so focused on making people poorer?

👉🏽Gen Z grads expect a six-figure starting salary, per Fortune. ‘Earning $100,000 in 2025 is the equivalent of making $53k in the year 2000. BLS data show that the median college graduate was making $46k per year, nominally, which is almost $90k in today’s money. The kids have it right. We should all be paid more.’ - Spencer

No, we all should not be paid more. Why not suggest that the government should stop debasing the currency? Just a thought…

👉🏽Netherlands: This is getting painful. 90,000 m² for €2.7 billion — that’s €30,000 per square meter to renovate government offices. To put it in perspective: a standard 25 m² workspace would cost €750,000 to “renovate.” And cost increases are still ongoing. Meanwhile, the Dutch government now says the renovation of the Binnenhof will cost at least €2.7 billion, excluding the Ridderzaal, with completion pushed to 2031. By then, total costs may approach €3 billion.

Source: https://www.ad.nl/politiek/renovatie-binnenhof-wordt-weer-duurder-verbouwing-gaat-bijna-3-miljard-euro-kosten-klaar-in-2031~acef08b5/?referrer=https%3A%2F%2Ft.co%2F

👉🏽Current situation:

1. The US is preparing $2,000 stimulus checks
2. Japan is preparing a $110 billion stimulus package
3. China has approved a $1.4 trillion stimulus package
4. The Fed is officially ending QT on December 1st
5. The US is issuing~$1.9 trillion in treasury notes per year
6. Canada is restarting its Quantitative Easing program
7. Global M2 money supply is at a record $137 trillion
8. Global rate cuts are at 320+ over the last 24 months In what world is another wave of inflation not on its way?

On the 18th of November: 👉🏽Charlie Bilello: The delinquency rate on CMBS loans for office properties has moved up to 11.8%, the highest level on record (note: data goes back to 2000).

👉🏽Naomie Seibt:‘The GREATEST SCANDAL in German politics 2025 is being censored on G00GLE. The Culture Minister Weimer allegedly sells exclusive access to government members through his company. You can have dinner with the chancellor to infect the government with your influence!’

Multiple reports strongly support the claim that Weimer’s company — and the event it organizes (the Ludwig‑Erhard‑Gipfel) — offers paid “access to politicians,” which critics interpret as selling influence.

https://apollo-news.net/abendessen-mit-ministern-fuer-80-000-euro-wolfram-weimers-unternehmen-verkauft-einfluss-auf-politische-entscheidungstraeger/

https://brusselssignal.eu/2025/11/german-minister-accused-of-selling-access-to-politicians-for-e80000/

👉🏽‘Gold (+54%) is the best performing major asset in 2025, while Bitcoin (-1%) is now the worst. Something we haven’t seen before in any calendar year (the inverse of 2013). - Charlie Bilello

👉🏽TKL: ‘US Treasury issuances are skyrocketing: The US government sold $693.5 billion in Treasuries last week, across 9 auctions over 3 days. $549.1 billion came from T-Bills with maturities ranging from 4 to 52 weeks. At the same time, $144.4 billion in notes and bonds were issued, including $48.5 billion in 10-year notes and $28.9 billion in 30-year bonds. The total amount of outstanding T-Bills is now up to a record $6.59 trillion, doubling since 2020. As a % of marketable Treasury securities, T-Bills hit ~22%, near the highest since 2021. US government borrowing is rising at a crisis pace.’

👉🏽Rich Nations Must Hit Net Zero and Pay Up on Climate, India Says ‘India telling anyone to “pay up” on climate is absurd’ - SixMillionNerds

Again, just to give you an example of how freaking ludicrous this all is.

‘If the entire European Union were to stop CO₂ emissions today — i.e. all industries shut down, no cars driving, no power plants burning coal or gas, no one cooking on stoves, no phones or laptops charging (which in that scenario wouldn’t even work because communications infrastructure would also be offline) — in other words a radical, total return to the Stone Age — then by the year 2100 the Earth would be only 0.1 to 0.2 °C less warm.’

This is because Europe accounts for only about 7% of global emissions, and warming depends on cumulative global emissions—not regional cuts.

🔍 Why is the effect so small? Europe is only ~7% of global CO₂ emissions. Warming is cumulative, so the entire world must cut emissions to have a large effect. Asia now produces over 50% of global CO₂, and that share is still growing. Even if Europe went back to a “Stone Age,” the global trajectory barely changes. If you have read last week’s recap…do you now know why the COP 30 summit was just hypocrisy?

👉🏽Cloudflare says it was hit by an “unusual” spike in traffic, resulting in website outages for millions of users on platforms including X and ChatGPT.

TKL: The Cloudflare outage is impacting over 100 million website users, with thousands of websites reporting complete blackouts. This comes after 2 major AWS outages in 2025. Why are internet outages becoming so common?

👉🏽‘A desperate Zohran Mamdani stuns supporters by stating things can’t ACTUALLY be free, begging for MORE money to fund his “transition” after $1M has been raised. Every communist is a professional swindler. New Yorkers got scammed, big time.’ -Eric Daugherty See the video here: https://x.com/EricLDaugh/status/1990827793014292841

Zohran Mamdani voters are developing buyer’s remorse after he bombed an interview when asked: “How will you fund your free buses?” “How are you getting the $700M to make the buses free if the governor is not for raising taxes?” MAMDANI: Raising the corporate tax. “But she said ‘NO…’” MAMDANI: “The most important fact is that we FUND it, not the question of ‘how we do it!’” https://x.com/TheChiefNerd/status/1991484566503321696/video/1

’Every large-scale communist experiment in history has followed the same basic sequence:

1. Private property, businesses, and farms are seized by the state — often violently
2. Output is then redistributed “to each according to his need.” In practice, this means the state takes the harvest, factory production, or savings of the productive and reallocates them.
3. Within a few years, production collapses because incentives disappear.

The pattern is so consistent that economists now have a name for it: the “socialist calculation problem” plus the “incentive problem.” When the link between effort and reward is severed, the people who used to produce the surplus stop producing — or leave. The tax base shrinks while the number of dependents grows, and the system eventually eats itself.

Even the softer democratic-socialist models (Sweden, Denmark) only work because they kept strong property rights, open markets, and never pushed public spending much above ~50 % of GDP — far below the 90–100 % state control tried in actual communist states.

In short, forcibly taking from the productive to give to the non-productive has been attempted dozens of times at scale. It has never once created widespread prosperity; it has, however, created some of the worst famines and humanitarian disasters on record.’ - D MK

👉🏽Global Markets Investor: ‘US margin debt is SKYROCKETING: NYSE margin debt has surged over +40% in the last 6 months, the biggest spike since the 2000 Dot-Com Bubble. This has been an even larger jump than during the 2021 MEME STOCK FRENZY. In the past, such spikes preceded market corrections.’

👉🏽’Some perspective:

1. Bitcoin averages 2 declines of -20% or more per year
2. Ether averages 3 declines of -20% or more per year
3. The S&P 500 averages 4 declines of -5% or more per year
4. The Nasdaq 100 averages 4 declines of -5% or more per year
5. Gold averages 1 decline of -10% or more per year
6. The VIX spikes above 20 roughly 40 times per year
7. The average S&P 500 stock declines by -20% once every 12 months Zoom out and ignore the noise.’ -TKL

On the 19th of November: 👉🏽Otavio Costa: ‘Crazy to think that money supply is expanding this aggressively even as global central bank balance sheets have been contracting. We’ve seen a $10T increase in global money supply in just the past 12 months. Now imagine what happens once central banks inevitably need to expand their balance sheets again — which, in my view, is only a matter of time. If this helps: Mute the recent volatility noise in hard assets — this is the macro data point that ultimately drives the cycle, in my view.’

👉🏽TKL: ‘The elephant in the room: What happened to Europe? While US and Chinese AI companies are announcing trillions of dollars in AI deals, the EU is rolling out a $1.1 billion AI plan to “ramp up AI.” There is virtually no competition coming from the EU when it comes to AI startups. How did Europe fall so far behind?’

👉🏽Eye-opening chart, just 15 years ago, Europe produced more natural gas than Russia. What the heck has Europe been doing since then? Have they lost their mind?

The Dutch did a nice thing: they poured concrete on the gas wells. Because of the climate, of course. This was the largest European gas field in Groningen, and a few hundred houses got damaged by 3-3.5R scale earthquakes caused by the gas extraction. And the small earthquakes that occurred in the region, you can all give them a house of EUR 1 million and still be safe EUR 400 billion or so). Isn’t that a smart move?!

👉🏽Cop 30 summit in Belem: A major fire has broken out in the conference halls of the climate summit. Everyone has been evacuated. They are now standing outside—ironically right next to the fuel trucks that supply the air conditioners with diesel.

Let this sink in: Fuel trucks supply the air conditioners. At a climate summit. In the jungle. For which rainforest had to be cut down? We’re already living in a dystopia, and no one can stop it. Worse still: an overwhelming majority votes for it. 50,000 people fly into the tropical Amazon rainforest, many by private jet. Air conditioners powered by fossil-fuel generators. Brazil’s president calls for the end of fossil fuels, while his national budget depends on Petrobras’s dividends. As I said in my previous Weekly Recap, HYPOCRITES!

On the 21st of November: 👉🏽UK ECONOMY over the last 4 years Gas up 94.1% Electric up 78% Fuel up 49.3% Hotels up 37.8% Rent up 25% Food up 25% Average earnings down 2.8%. Now, can you see why people are leaving the UK?

👉🏽Japan approves $135.5 BILLION stimulus package. Money printers are warming up.

§🎁If you have made it this far, I would like to give you a little gift:

What Bitcoin Did: Bitcoin, AI & The Fourth Turning | George Bodine

George Bodine joins the show for a wild conversation about the fourth turning, AI, quantum, and why he believes the next 3–5 years will be the most volatile period in Bitcoin history. We get into his insane life story — from trailer parks to flying F-18s at Top Gun, ejecting from a crashing jet, working underground as a miner, becoming a pro artist, and eventually going all-in on Bitcoin. George breaks down why he thinks the financial crisis never ended, how AI and robotics will erase millions of jobs, the global arms race for compute and energy, and why quantum could hit faster than people expect. We dig into Bitcoin’s real threats — mining centralisation, quantum-vulnerable coins, BIP444, and the Core vs Knots fight dividing the community.

Click here: https://youtu.be/mn-saa_p7r8 Credit: I have used multiple sources!

My savings account: Bitcoin The tool I recommend for setting up a Bitcoin savings plan: **PocketBitcoin **, especially suited for beginners or people who want to invest in Bitcoin with an automated investment plan once a week or monthly. (from now on, full KYC, so be aware)

Use the code SE3997

Get your Bitcoin out of exchanges. Save them on a hardware wallet, run your own node…be your own bank. Not your keys, not your coins. It’s that simple. ⠀ ⠀ ⠀⠀ ⠀ ⠀⠀⠀ Do you think this post is helpful to you? If so, please share it and support my work with a zap. ▃▃▃▃▃▃▃▃▃▃▃▃▃▃▃▃▃▃ ⭐ Many thanks⭐ Felipe - Bitcoin Friday! ▃▃▃▃▃▃▃▃▃▃▃▃▃▃▃▃▃▃