BTC Shrugs Off Whale Supply, but Eyes Turn to Treasury

Discussed in today's video:

BTC supply overhang absorbed: The market digested 80,000 BTC from a Satoshi-era whale, removing a key short-term headwind and confirming strong demand at current levels. Constructive price response: BTC rebounded from 115k to 120k following Galaxy’s sales, mirroring the reaction to the initial tranche. QRA reveals $1 trillion in Q3 borrowing: Treasury plans an aggressive TGA rebuild, which could hamper liquidity conditions, with the relative severity depending upon issuance mix. Crypto setup remains favorable near term: Liquidity is still elevated, a...