In today&#x27;s Macro Monday, we break down why Bitcoin may be entering the final stages of its correction. Spot Bitcoin ETFs have started seeing inflows again after record outflows, miner stress has reached historically rare capitulation levels, and the market continues to absorb selling from Strategy without breaking key support.<br><br>We also discuss why the macro backdrop may finally be shifting in Bitcoin&#x27;s favor. Hedge funds just recorded their biggest tech selloff since 2016, expectations for Fed rate cuts are rising after weak jobs data, gold is rallying despite ETF outflows, and investors are beginning to ask whether capital is rotating out of AI and back into store-of-value assets like Bitcoin and gold.<br><br>Learn more about your ad choices. Visit megaphone.fm/adchoices

Bitcoin’s BIGGEST Test Yet? Saylor Sells $216M (Macro Monday)

The Wolf Of All Streets

Is this Bitcoin's biggest test yet? Michael Saylor did what he said he was going to do and sold thousands of Bitcoin to raise cash and to fund dividends on the preferred stock offerings. But that's not all that's happening in the world, and it is after all. Macro Monday, we'll dig into everything happening with Mike, Dave, and Peter Scheer. Let's go.

Good morning, everybody. Happy Monday and welcome to the show. Going to go ahead and bring on Mike and Dave. Now, we got Peter Scheer joining very soon. Good morning, gentlemen. How are you? Good morning.

Good morning. Mike, let's start with the morning. Yes. Andrew Sasser, our economist, came on and pointed out the week unemployment is probably going to take any type of July hike off the table. He expects the Fed to hold the rest of the year.

FOMC minutes will be released Wednesday. He expects them to be hawkish, but they're three weeks stale. Next key day will be July 14th. The next couple weeks get CPI and the chairman's first Humphrey Hawkins testimony. He expects the Fed to cut next year. That's a Bloomberg economics view.

Ira Jersey came on CPI retail sales, a big report. He's looking forward to next year. Auctions, the tens, the threes, tens, and thirties will be the ones this week to matter. He thinks tens are pretty good, around 450, and people keep coming in to buy the 30, around 5%.

His key quote was, it's no Fed this year and inflation is to roll over. That fit into my commodity outlook. He thinks the two-year note yields too high and expects it to be below 4%, and the 10-year-old fair value is around 442.

Bitcoin’s BIGGEST Test Yet? Saylor Sells $216M (Macro Monday)

Read the full transcript

The candid version is on a podcast,
not the earnings call.

Bitcoin’s BIGGEST Test Yet? Saylor Sells $216M (Macro Monday)

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.