BTC Retraces Ahead of CPI, But Hard to Ignore $100B in DAT Dry Powder

Discussed in today's video:

• Digital Asset Treasuries (DATs) are trading at a 2.1x mNAV multiple, implying ~$100B in theoretical BTC buying power.
• BTC touched $123K before retracing during U.S. hours, likely on caution ahead of Tuesday’s CPI print.
• Pump.fun ICO sold out in 12 minutes and is trading ~25% above its launch price (an impressive debut).
• BONK is benefitting from Pump.fun price discovery, up ~24% since our last note.

Tickers in this video: #BTC