Whales Buy the Bitcoin Dip

When markets panic, the smart money buys.

It was true on Main Street when Mr. Potter bought for fifty cents on the dollar in It’s a Wonderful Life, and it’s true on modern Wall Street. Big money loves a selloff.

With bitcoin down nearly 30% from a peak set just last month, big investors have backed up the truck:

The number of bitcoin wallets with at least 1,000 BTC – known in the industry as whales – has surged beyond summer highs amid the latest selloff. (Source: Cointelegraph)

Bitcoin has historically weathered 30%+ corrections while still in a bull market.

Global liquidity fears and lower odds of a Fed rate cut in December are driving bitcoin and other cryptos lower at present.

As Andrew Zatlin described on Thursday’s Live! we can expect a series of stimulus efforts next year, ahead of the midterms, driving new liquidity. The $2,000 “tariff rebate” checks President Trump has been touting are but one example.

When higher liquidity hits the market – in whatever form it takes – today’s bitcoin buyers will be waiting.

Make like the whales, and use market selloffs and stimulus to your advantage.

~ Addison

P.S. We’ll have more thoughts on what’s going on with bitcoin and “Dollar 2.0” this week on Grey Swan Live! with Mark Jeftovic and Ian King.

Since the October 21st Payments Innovation Conference hosted by the Fed, the regulatory environment has continued apace, despite the government shutdown, the SEC, IRS and CFTC have all updated guidance.

Even whales will tell, a sound regulatory environment is good for the digital asset space. The Treasury under the Trump administration is counting on stablecoins to mature enough that the U.S. dollar preserves its reserve currency status in the burgeoning digital economy.

Join us on Thursday as we get into the weeds a little and identify opportunities opening up quickly.

When markets panic, the smart money buys.

It was true on Main Street when Mr. Potter bought for fifty cents on the dollar in It’s a Wonderful Life, and it’s true on modern Wall Street. Big money loves a selloff.

With bitcoin down nearly 30% from a peak set just last month, big investors have backed up the truck:

The number of bitcoin wallets with at least 1,000 BTC – known in the industry as whales – has surged beyond summer highs amid the latest selloff. (Source: Cointelegraph)

Bitcoin has historically weathered 30%+ corrections while still in a bull market.

Global liquidity fears and lower odds of a Fed rate cut in December are driving bitcoin and other cryptos lower at present.

When higher liquidity hits the market – in whatever form it takes – today’s bitcoin buyers will be waiting.

Make like the whales, and use market selloffs and stimulus to your advantage.

~ Addison

P.S. We’ll have more thoughts on what’s going on with bitcoin and “Dollar 2.0” this week on Grey Swan Live! with Mark Jeftovic and Ian King.

Join us on Thursday as we get into the weeds a little and identify opportunities opening up quickly.

Mining stocks amplify everything. First Majestic went from losing money to 45% margins without building anything new. They just held the line on costs while silver did the heavy lifting.

That cuts both ways. If silver drops hard, margins compress just as fast. Same leverage, opposite direction.

The miners with the lowest costs and cleanest balance sheets will hold up best in a pullback and capture the most upside if the deficit keeps grinding.

Economists at Goldman Sachs said this morning they expect core inflation to finish the year around 2% even while GDP rises at a “surprisingly strong” 2.5% clip.

In our view, their inflation forecast is optimistic. Their GDP call? Modest.

The last time we pumped this much liquidity into the system — 2020 through 2022—the result was a manic asset bubble, runaway inflation, and an epic hangover at the Fed.

Goldman’s optimism has triggered a fresh round of bullish bets: cyclical stocks are rallying, “dispersion” in the S&P 500 is spiking, and the Fed is expected to cut interest rates twice before Jerome Powell gets kicked out of Washington at the end of his term on May 15.

Anecdotally, we’re hearing stories of warehouses full of GPUs sitting unused for lack of energy to power them. It’s a natural feature of the heavy capital investment in new machines. The grid has to catch up!

While Trump’s great reset rolls on in 2026, keep an eye on modular nuclear reactors and increased demand for uranium, natural gas and related resources.

These PM producers are literally printing the most ‘hard money’ that they ever have at these metals prices and record margins here at the midway point in Q4.

If there ever was a time for this sector to get overheated and frothy, this would be it… only that isn’t what we’ve seen playing out.

PM producers are still insanely profitable at even at current metals prices and should be far more valuable based on their margins, revenue generating potential, and their resources still in the ground.