VisionofBitcoin

Stacker_Stocks

- 🇸🇻 El Salvador just bought 1,100 BTC
- 🇺🇸 The US is preparing stimulus checks of $2,000 per American.
- 🇯🇵 Japan is preparing a $110 billion stimulus package.
- 🇨🇳 China approved a $1.4 trillion stimulus package.
- The Fed will officially end QT on December 1st.

🇨🇦 Canada is restarting its quantitative easing program.

Governments are obsessed with stimulus.

![](https://m.stacker.news/118202)

The current situation

Another country is entering a phase where the solution to any weakness is always the same: put more money on the table.

And this is happening at the exact moment when other liquidity fronts were already opening up.

The US ended the shutdown, unlocked pent-up payments, and set the TGA on track to inject billions into the system.

Europe continues its anemic growth, pushing governments towards looser policies even without admitting it.

And China, which never fully exited stimulus mode, maintains cheap credit, ample liquidity, and gradual fiscal expansion to support a weakened economy.

The picture is starting to become clear.

Major economies, each for a different reason, are converging towards more spending, more support, and more intervention.

It's not "coordination." It's survival.

Four different engines blowing in the same direction: more liquidity entering a system that can no longer function without help.

Saving in scarce assets has never been more necessary, but I see many investors impatient with short-term pricing. The more governments try to save the fiat system, the more evident it becomes why Bitcoin exists.



https://x.com/KobeissiLetter/status/1990069072961134790?s=20

Japan readies $110B bailout as the yen hits its lowest level in 35 years today.!

Now he's bought billions at the exact moment when many claim we're living through an AI bubble.

And this raises an obvious question:
What did Buffett see that the market hasn't yet?

The answer may be quantum computing.

![](https://m.stacker.news/118079)

Buffett spent years saying he would never invest in Google.

Statement from the CEO of CryptoQuant, a leading company in on-chain data and capital flows:

According to him, capital continues to flow into BTC.

Suggesting that this is a bull market correction, and not the beginning of a bear market.

![](https://m.stacker.news/117632)

"Bitcoin is not in a bear market as long as capital continues to flow in."

Squeezing liquidity from a large player (blue) revived the supply (orange), and someone with between 1k and 10k wallet (red) snapped it all up.

![](https://m.stacker.news/117518)

![](https://m.stacker.news/117519)

![](https://m.stacker.news/117520)

Supply illiquid vs liquid vs 1k-10k

The Central Bank of the Czech Republic has just bought BITCOIN for the first time in history.

A small amount, but the point is what this REALLY means.

The BIGGEST asset run in modern history is just beginning.

Let's see why this is game theory on a brutal level:

The Czech Republic is not a desperate country trying anything.

It is a RESPECTABLE member of the European Union. OECD. Solid institutions. Conservative central bank.

And along with the announcement, they published a COMPLETE technical analysis justifying the purchase of bitcoin.

This will go down in history.

Because what the CNB did wasn't just buying bitcoin.

It was kicking the first domino in an inevitable cascade.

Imagine you are the president of the central bank of Poland. Or Hungary. Or any neighboring country.

You wake up and read this news.

You have 3 options:

OPTION A - Ignore: "Bitcoin is volatile, it's not for serious central banks"

OPTION B - Investigate: "Maybe we should at least study this"

OPTION C - Act: Create your own test portfolio

And the worst part:

The longer you wait, the WORSE your position becomes.

If you are the central bank that waits, and 5-10 other banks start buying while you "study," you will have to buy MUCH more expensively later.

And you will have to explain to your government: "Why are our neighbors preparing for the future and we are not?"

CNB didn't just buy bitcoin.

They published the complete MANUAL:

✅ Technical analysis justifying the decision
✅ Legal framework showing that it is permitted
✅ Operational process of custody and management
✅ Innovation lab to test blockchain

Any other central bank can literally COPY and paste their work.

The barrier to entry? DESTROYED.

Imagine the cascade:

PHASE 1 - The Awakening (we are here):
CNB: US$ 1 million
✅ 5-10 small/medium central banks initiate "test portfolios"
Total: US$ 50-100 million

PHASE 2 - The Legitimation:
A large central bank puts 0.5-1% of reserves
This means US$ 500 million to US$ 5 BILLION from a single institution
Institutional FOMO begins

PHASE 3 - The Race:
The question changes from "Why should we?" to "Why AREN'T we?"

Emerging Market Central Banks ACCELERATE
Each purchase permanently removes supply from the market

Exponential price discovery

What CNB did is absurdly bullish for bitcoin because the dynamics are completely ASYMMETRICAL:

Risk of NOT buying: If bitcoin becomes part of the global financial infrastructure and/or a reserve asset on par with gold and the dollar, you're left behind and will have to buy MUCH more expensively later.

Risk of buying: Bitcoin is volatile. But if you buy only 1% of the reserves, the volatility is MANAGEABLE.

The math favors ACTION.

And there's more... The irony is DELICIOUS:

Central banks – the institutions that represent CENTRALIZED and CONTROLLED money – can be the catalysts that take bitcoin, a DECENTRALIZED and UNCONTROLLED asset, to the stratosphere.

Why?

Because NONE OF THEM can afford to be the last to enter.

This is brutal game theory.

You think you're watching a $1 million test.

In reality, you're watching the beginning of a financial arms race.


And the timing? PERFECT.

2025:

✅ Geopolitical pressure - Confidence in the dollar as the EXCLUSIVE reserve currency being questioned, gold soaring
✅ Unsustainable debt - Countries seeking assets OUTSIDE the traditional system
✅ Technological revolution - Abundance with AI becoming REALITY
✅ Political precedent - Pro-crypto administrations in important countries

The CNB governor said: "we want to be more visionary."

He's not doing this because he thinks everything will stay the same.

He's doing this because he KNOWS that change is INEVITABLE.

Do you know what changed FOREVER?

The narrative:

BEFORE:

"Bitcoin is risky speculation"
"Not appropriate for serious institutions"
"Central banks will NEVER buy this"

NOW:
"Digital assets are being incorporated into investments" - OFFICIAL words from a central bank
"Blockchain could fundamentally affect the financial system" - PUBLISHED technical analysis
"Other banks will need to prepare" - INEVITABLE conclusion

And we are seeing this happen in REAL TIME.

The CNB published EVERYTHING. Analysis. Legal justification. Operational process.

This gives all other central banks time to SEE what's happening.

But it also means EVERYONE KNOWS THAT EVERYONE IS SEEING.

It's a game of chicken in game theory.

Who will move first?

Who will wait TOO LONG?

The move is clear:

$1 million is NOTHING.

But it's not about the value.

This is about:

→ PRECEDENT (first EU central bank)
→ LEGITIMATION (official technical analysis)
→ OPERATIONAL MANUAL (others can copy)
→ GAME THEORY (no one can be left behind)

The first domino didn't just fall.

It fell on an international network. With attached technical analysis. With an instruction manual included.

And with an implicit invitation:

"We are preparing for the future. And you?"

The answer from other central banks to this question could determine whether Bitcoin goes to $500k, $1M or BEYOND.

Czech Republic’s Central Bank just bought Bitcoin for the first time ever.

In the last two times a shutdown ended:

Bitcoin rose 700% and 300%.

![](https://m.stacker.news/117311)

The US government shutdown is over.

Bybit has just published a report on the "hidden function" of blockchains to freeze a user's assets without their consent.

Their security team analyzed 166 blockchains to discover which ones "reintroduced a central authority with control over the funds."

The research identified 16 blockchains with freezing capabilities + 19 blockchains that could potentially support freezing in the future.

The 16 that can freeze, according to the report, are:

BNB, Chiliz, VIC, XDC, VeChain, One, HVH, Aptos, Supra, EOS, ROSE, WAXP, SUI, LINEA, WAVES, and HECO.

![](https://m.stacker.news/117227)

At least 16 blockchains can freeze users' funds.

0.366 BTCs per Millionaire

A mismatch between supply and demand is occurring.

A struggle between buyers and sellers is suppressing the price and preventing BTC from reaching even higher highs than those seen at the beginning of October.

And now, the sellers are winning.

In the last month, this demand has dried up.

To give you an idea of ​​the scale:

Long-Term Bitcoin Holders have sold 2.4 MILLION BTC since June.

The largest distribution in the asset's history.

Do you know what should have happened?

Bitcoin plummeting.

Crashes of -50%, -80% like in 2018 and 2022.

LTH selling in this way ALWAYS marked the top of a cycle and the beginning of a bear market.

But here's the plot twist:

Bitcoin went up.

Why?

Institutional buying.

ETFs, treasury companies, sovereign wealth funds, and pension funds not only absorbed this supply but also sent the price to new highs.

Do you understand the INSANITY of this?

It's like a ship navigating a brutal storm perfectly, without even rocking.

And this setup that took us to the ATH at the beginning of October is the same one that took us below $100k weeks later.

Why?

Demand dried up.

Treasury companies are buying at the lowest volume in history. A 90% drop since the buying frenzy of November 2024.

ETFs are buying practically NOTHING.

Institutions even SOLD bitcoins.

Meanwhile, LTHs continued selling.

And then the price bled.

What happens from here on out will dictate whether we've seen the bottom or not.

For BTC to rise, either LTHs ease off the selling, or institutions start buying strongly again.

The good news is that we are now seeing the beginning of a return in demand, with players having entered during these dips below $100k. (Note the chart.)

But it's still far from being strong demand.

That's why we've seen this boring, sideways market, because we're literally seeing a fight between LTHs and institutions.

And meanwhile, retail investors are on the sidelines, watching, waiting.

While millions of bitcoins change hands – from LTHs to institutions.

We know that the supply of bitcoins is fixed, limited.

But the supply of fiat currency that can be used to buy these bitcoins is not.

And nobody has better access to credit than companies and governments.

And it is precisely these that are buying.

It's not about "if" the sale of LTHs will calm down.

It's about "when".

And when that happens, we already know what bitcoin is capable of.

Not to mention the unique macro backdrop we are seeing.

→ End of QT.
→ End of the US government shutdown.
→ Fed talking about the possibility of resuming asset purchases soon (QE).
→ Trump nominates new Fed chair in May 2026.
→ Stimulus checks of $2,000 for each American (in USD or as tax benefits).

The scenario is taking shape, and everyone knows what they're doing.

Betting against Bitcoin in the short term may be profitable, but in the long term it's insanity.

![](https://m.stacker.news/117023)

Here's why Bitcoin hasn't kept pace with the stock market rally

- 2021: marked the bottom/support for the double top.

- 2022: when broken, signaled the bear market.

- 2024: marked the bottom/best buys of the post-halving pullback.
- 2025: marked the $76,000 bottom in April.

And now, we just tested that moving average again and Bitcoin subsequently recovered.

![](https://m.stacker.news/116850)

Bitcoin's 365-day shifted moving average appears to have acted as support again.

Square, Jack Dorsey's payment terminal company, just activated the option TODAY

Zero fees. Instant settlement. Via Lightning

BTC as a payment method is no longer theory. It's reality ⚡️

![](https://m.stacker.news/116745)


https://x.com/Square/status/1987886908480033186?s=20

4 million merchants in the US can now receive direct payment in Bitcoin.

Every time this has happened in this bull market, it hit rock bottom 👀

![](https://m.stacker.news/116622)

Bitcoin closed the week above its 50-week and 365-day moving averages.

With the government reopening, the Treasury resumes spending—which implies a drop in the TGA (Transfer Rate Adjustment) and, therefore, a direct injection of dollars into bank reserves.

This movement tends to alleviate short-term stress on funding, precisely when the Fed prepares to end QT (Quantitative Transfer) in December.

In other words: less drain, more reserves circulating, and a financial system with extra breathing room for risk.

Historically, periods of liquidity replenishment after shutdowns coincide with relief in short-term rates and recovery of liquidity-sensitive assets.

And, incidentally, Bitcoin is the main one.

![](https://m.stacker.news/116592)

End of the US shutdown could mark the first real liquidity trigger this quarter.

1 - Fibonacci
The chart projects wave 5 of Elliott Wave Theory, starting from the $70,000 low in 2024 and surpassing the 161.8% Fibonacci expansion level—which would place BTC at $345,000, and the extended target of 258.7% reaches $500,000.

2 - Halving + Global Liquidity
The 2024 halving reduces the supply of new BTC by 50%, while central banks expand their balance sheets again to deal with record public debt. This liquidity injection tends to seek scarce assets—gold and, mainly, Bitcoin.

3 - Spot ETFs as a Catalyst
With approved ETFs and accelerated institutional adoption, publicly traded companies add BTC to their balance sheets (as an inflationary store of value). The “MicroStrategy 2.0” effect amplifies demand and further reduces the circulating supply. 4 - Reflexivity Cycle
Each rise generates headlines, which attract investors, which generate more rises. Mass psychology enters FOMO (“fear of missing out”) mode, and the price breaks through technical resistances that become supports.

5 - Geopolitical Narrative and Digital Refuge
With global instability, exchange controls, and devaluation of fiat currencies, Bitcoin consolidates itself as a “getaway asset.” Emerging countries and even sovereign wealth funds begin to accumulate BTC, driving the parabolic appreciation.

Technical Summary
Target 1: US$ 238,000 (61.8% of the expansion)
Target 2: US$ 345,000 (161.8%)
Final target: US$ 500,000 (258.7%) — March 2026

![](https://m.stacker.news/116493)

The 5 Pillars of Bitcoin's Parabolic Cycle until 2026

The US Treasury has $1 TRILLION in cash waiting to be spent, and the RRP has reached zero.

Jurrien Timmer of Fidelity just pointed out the most important liquidity shift since 2020.

Let me explain why this is HUGE for Bitcoin:

What happened in the last 3 years?

The Fed ran one of the largest liquidity drain programs in history:

→ Quantitative Tightening selling ~$95 billion/month in bonds
→ Balance sheet fell from $9 trillion to $6.59 trillion
→ Reverse Repo absorbing up to $2.5 trillion from the system
→ Result: liquidity being SUCKED from the economy

But now?

All of this is TURNING AROUND.

Timmer's three points:

1️⃣ QT STOPS ON DECEMBER 1st

After 3 years of draining liquidity, the Fed confirmed: QT ends in 3 weeks. 1️⃣ The pressure of $95 billion/month in sold bonds? Disappear.

That alone changes everything.

2️⃣ REVERSE REPO ZEROED OUT

The “parking lot” where banks left trillions sitting idle at the Fed?

It fell from $2.5 trillion to just $52 billion.

Practically ZERO.

That money has already returned to the financial system. And there's nowhere else for it to drain.

3️⃣ TREASURY GENERAL ACCOUNT AT $1 TRILLION

Here's the INSANE part:

The US Treasury has $1 trillion in cash (TGA) – WAY above normal.

When the government spends this money (and it WILL spend it), it goes directly to bank accounts in the real economy.

Timmer calls this a “robust fiscal QE cache”.

Why?

Because when the TGA goes down, bank reserves GO UP.




The pressure of $95 billion/month in sold bonds? Disappear.

That alone changes everything.
... It's a liquidity injection from the fiscal side – without the Fed needing to announce "QE4".

It's silent QE. But the effect is REAL.

Think about the dynamics:

UP TO NOW (2022-2025):

- QT draining $95 billion/month
- RRP absorbing trillions
- System thirsty for liquidity
- Pressure on risky assets

FROM NOW ON (Dec 2025):

- QT stops completely
- RRP zeroed (no longer absorbs)
- TGA at $1 trillion ready to spend
- From draining to INJECTION

It's a structural inflection point of trillions of dollars.

And the timing?

It's EXACTLY now.

Not only do we have the end of QT, but Trump is appointing a new Fed Chair next year.

And given how much Trump complains about Powell keeping interest rates "high," we know what kind of person he's going to nominate...

Why does Bitcoin matter here?

Bitcoin is not just about "BTC supply and demand."

Bitcoin is a globally liquid asset.

Every time the financial system receives more dollars, some of those dollars seek returns.

And Bitcoin is one of the best destinations.

Look at the history:

📊 2020-2021:
Fed injects ~$4 trillion (QE)
Bitcoin: $10k → $69k

📊 2022:
Fed raises interest rates and drains liquidity (QT)
Bitcoin: $69k → $15k

📊 2023-2025:
Fed somewhat balances liquidity with other tools while continuing QT
Bitcoin: $15k → $126k

This shows that even in a low-liquidity environment, Bitcoin has already managed to generate incredible returns.

Now that the Fed is supposed to start injecting liquidity FOR REAL…

What will happen to Bitcoin?

THE REALITY?

- Fed cut interest rates ✅
- Fed will STOP draining liquidity ✅
- Treasury has $1 trillion to inject into the economy ✅

- New Fed chair in 2026 🔜

This is LOOSENING.

And it validates the central thesis of #Bitcoin:

Governments cannot maintain fiscal discipline.

The dollar continues to lose purchasing power structurally.

Scarce assets ($21M BTC) are the protection.

It's an ALIGNMENT of factors that we haven't seen in years.

Multiplier effect:

Bitcoin is a "high beta" asset – it amplifies liquidity movements.

Why?

→ Smaller market cap than gold and stocks (more volatile)
→ 24/7/365 (reacts instantly)
→ Global/borderless (captures global liquidity)
→ Value store narrative

High beta works both ways. But in liquidity expansion? It's IN FAVOR of Bitcoin.

The strategy is clear:

Increased liquidity is a matter of "when," not "if."

And when it happens, we already know...

Bitcoin historically EXPLODES in liquidity expansion environments.

![](https://m.stacker.news/116384)

The Fed will stop QT on December 1, 2025.

The capitulation metric represents a quantitative reading of the extreme emotional and financial behavior of investors during periods of sharp market decline. Its rationale is based on the idea that major reversal points, local or global bottoms, occur when sellers are completely exhausted, that is, when the weakest participants succumb to fear and sell their assets at a significant loss.

The metric measures the volume of sales made at a loss and applies a quadratic weighting to the difference between the selling price and the base cost of each Bitcoin unit. Therefore, larger losses have a disproportionately high weight, reflecting the much more intense psychological and financial impact they cause compared to small variations. To eliminate noise and capture only consistent trends, the metric is smoothed by a seven-day exponential moving average. Peaks in the red line represent moments of intense capitulation, periods when despair dominates the market and selling pressure reaches its maximum point.

Historically, these peaks precede reversals, marking the transfer of Bitcoin from weak hands to strong hands, which then accumulate after widespread panic. Thus, the Capitulation Metric acts as a true thermometer of collective fear: when it reaches extreme levels, it signals that the pain of sellers may have reached its limit and that the risk of further decline becomes marginal compared to the potential for recovery.

In parallel, the behavior of so-called "smart money" reinforces this interpretation; 99.5% of investors in Bitcoin spot ETFs maintained their positions even after a correction of approximately 20%.

![](https://m.stacker.news/116322)

Understand the Capitulation Metric in Bitcoin

You need to understand how Saylor managed to buy more Bitcoin than most people could dream of having — and how to accumulate like him. Learning about a Treasury Company in 2025 reminds me of Bitcoin a few years ago. People think they don't like it, but in reality, THEY DIDN'T UNDERSTAND ANYTHING!

And when they start to understand "why not just buy Bitcoin directly"... they are SHOCKED!

In practice, treasuries have two premises:

- Fiat goes to zero (or close to it in the long term);

- BTC goes to infinity (or close to it in the long term).

I imagine you share this premise, right?

With that in mind, he borrows in weak currency, with conditions IMPOSSIBLE for me and for you, and buys Bitcoin at levels IMPOSSIBLE for me and for you.

And, for all shareholders, they provide value: accumulating more and more Bitcoins per share.

Imagine the scenario:

Day 1 | Day 1 | 1 share = 0.1 BTC = 10,000 USD
Day 2 | 1 share = 0.11 BTC = 7,300 USD
Day 100 | 1 share = 0.2 BTC = 5,300 USD
Day 500 | 1 share = 0.5 BTC = 120,000 USD

But the goal of treasuries is not to accumulate fiat. It's to accumulate Bitcoin — what we call Bitcoin per share (BPS).

In practice, Saylor

discovered (and is exploiting) a bug in the traditional financial market.

He found a way to accumulate Bitcoin that we can't.

And this doesn't mean you shouldn't have Bitcoins in self-custody. But it can mean, for you — and for me — a way to increase a portion of our Bitcoin position at a... slightly faster rate!

You may hate Saylor... but he understood the GAME before everyone else.

This week, Michael Saylor's Strategy's $STRC hit $100 for the first time.

And today will be the fourth CONSECUTIVE day trading in this range.

Behind this simple metric lies the largest capital unlock in Bitcoin HISTORY.

And nobody is realizing what this REALLY means. 

Let me explain:

Michael Saylor just unlocked $4.2 BILLION to buy Bitcoin without diluting a single $MSTR shareholder.

The move is brilliant, but to understand why this is ABSURD, you need to understand the problem the Strategy was facing:

The company's mNAV (stock premium over Bitcoin) fell from 3.4x to 1.3x.

When the mNAV is high, the ATM (issuance and sale of new shares at market price) works.

But do you know what happens when you issue common stock with a low mNAV?

DESTRUCTIVE DILUTION.

Saylor is in JAIL.

And that's where the significance of $STRC comes in.

This preferred stock doesn't depend on mNAV.

Zero. Nothing. Zilch.

Why?

Because $STRC has a GENIUS structure.

Saylor seeks to maintain the price between $99 – $101 through a dividend adjustment.

The Strategy can increase or decrease the dividend, within certain parameters, to try to balance supply and demand.

In other words:

It's a "corporate stablecoin"
That pays high dividends (currently 10.5% per year)
Backed by Bitcoin.

And there's more:

STRC doesn't dilute $MSTR shareholders in the same way.

Zero drama, more Bitcoin, happy shareholders.

BUT THE KEY PART?

Until the day before yesterday, $STRC's $4.2 BILLION ATM was LOCKED.

Why? Because $STRC needs to trade at ~$100.

Now, at $100, Strategy can ISSUE more shares for sale via ATM.

RAISING MORE MONEY TO BUY MORE BITCOIN.

$STRC traded at ~$100.10 yesterday with a volume of 1 MILLION shares.

The ATM is now UNLOCKED.

Strategy can issue up to $4.2 billion in $STRC.

$4.2 billion buys ~40,000 BTC at the current price.

Without diluting $MSTR shareholders.

Without violating the minimum mNAV promise.

Without selling a single satoshi of treasury.

And this is just the BEGINNING.

This is the Strategy's most bullish moment since 2020.

Breaking it down:

1️⃣ mNAV INDEPENDENCE

Before: Stuck when mNAV is low → Cannot issue $MSTR
Now: $STRC works in ANY market environment

mNAV at 1.3x? Issue $STRC.
mNAV at 5x? Issue $MSTR AND $STRC.

It's literally having TWO engines in the bitcoin accumulation flywheel.

2️⃣ MARKET VALIDATION

$100 is not just a number.

It's proof that the market ACCEPTS this instrument.

Pension funds want high yield? ✅
Insurers want stability? ✅ Retailers want "savings that pay more"? ✅

The market just said: "This works."

3️⃣ UNLIMITED SCALABILITY

Saylor was EXPLICIT in the earnings call:

If Stretch hits its peer and trades with low volatility, you could, in THEORY, sell $100 billion, $200 billion of it.

Think about it:

$STRC trading around $100, for quite some time, with good volume.

A money printing machine via ATM.

And when to buy more #Bitcoin with that money?

You can print more.

Infinite loop. ♾

THE REAL GAME HASN'T EVEN STARTED YET.

STRC is the company's "iPhone moment" product.

The iPhone didn't change the world on day one.

It changed when everyone realized it could SCALE.

STRC hitting $100 = iPhone coming out of the box for the first time.

Look at this setup CAREFULLY:

→ Bitcoin at $104k (relatively stable)
→ mNAV compressed (most discouraged)
→ STRC finally working (fundamentals have changed)
→ $4.2B unlocked (imminent purchase)
→ Critics still calling it a Ponzi scheme (maximum disbelief)

When will Strategy announce the first large purchase via STRC?

The market will understand that the model now has redundancy.

mNAV will expand again.

And the flywheel will accelerate with TWO simultaneous engines.

THE PLAY IS CLEAR:

STRC at $100 is not just a metric.

It's the unlocking of the largest Bitcoin accumulation machine that has ever existed.

High mNAV? Issue MSTR.
Low mNAV? Issue STRC.

You can ALWAYS accumulate BTC.

The coming months promise to be exciting...

![](https://m.stacker.news/116071)

Something extremely important is happening, and few people are paying attention.

JPMorgan just predicted: $170,000 in the next 6-12 months

Reason: Leverage has zeroed out, volatility vs. gold is improving

Banks are positioning while retail is still fearful

![](https://m.stacker.news/116062)