ilqdty daily2 min readRead the latest
strategy, the company that spent years telling shareholders it would never sell a coin, is now the reason four sleeping wallets woke up
saturday, and nobody is around to price it.
| Markets | Level | 7d |
|---|---|---|
| $BTC | 79,979 | +3.0% |
| $ETH | 2,501 | +3.3% |
| $SOL | 106.62 | +4.7% |
| F&G | 73 greed |
$NEAR 2.41 (+30.3% 7d) is the week's outlier, $BNB 757 (+10.6% 7d) the runner-up
01Crypto5 stories
- four bitcoin wallets from a decade ago woke up and moved $15.7 million between themDecrypt
- a briton wrote off $2,000 of bitcoin in 2012 and just got $4.5 million of it backCoinDesk
- US spot bitcoin funds took in $3.8 billion in three weeks, the best stretch of 2026@Cointelegraph
- trezor's breach got six times worse, 80,689 customers, after deleted shipping records turned upCryptoSlate
- in 39 of 48 big ethereum voting groups, ten wallets hold enough votes to decide anythingCryptoSlate
02Macro3 stories
- OPEC+ left october output flat after finishing the 1.65 million barrel a day rollbackReuters
- the US destroyed three iranian tankers and weekly hormuz traffic is down to 107 crossingsAl Jazeera
- witkoff and kushner sat with putin, and kyiv has paused its strikes for three daysNPR
03Solana trenches2 stories
- pumpfun paid out $26.5M to its own token holders over 30 days, but the last 24 hours ran at $0.38M, well under its own pace. the machine still works, it is just being fed less
- hyperliquid sent $2.20M to holders in 24 hours, more than every other venue on the list combined. one venue is eating the fee pie while everyone argues about launchpads
04Today3 stories
- markets are shut monday for labor day, so the next real price discovery is asian hours tonight
- the fed's blackout started saturday, which means no official can talk anyone off a bad print until the 15th
- thursday 8:30 ET, august CPI. that is the whole week in one number
05My view
two decade-old wallets moving $15.7 million on a quiet saturday is the kind of thing that gets a story written about it every time, and almost always means nothing. what makes this weekend different is what it sits next to. spot bitcoin funds pulled $3.8 billion in three weeks, the best run of the year, while bitcoin managed +3.0% over the same seven days.
that is a lot of money buying very little price. either the funds are absorbing supply from people who have held since 2012 and the coins are simply changing hands at a flat price, or the flow number is measuring something that never touches the order book. i lean toward the first one and i am not confident about it.
the part i keep turning over: forced closes over the last day ran $10.2 million and shorts ate 61% of it. people betting against this market are the ones getting carried out, in a week where the biggest coin barely moved. that usually happens right before somebody gets a very expensive lesson, and i cannot tell yet which side is about to get it.
thursday's inflation print settles more than anything a whale wallet does. until then it is thin books and headlines.
enjoy your sunday, the charts will still be ugly tomorrow.