GM. This is Milk Road, the crypto newsletter that feels like spotting the first green candle after weeks of emotional damage.
Here’s what we’ve got for you today:
- ✍️ Making the case for a turnaround.
- 🎙️ The Milk Road Show: AI Agents Will Need Crypto to Work (Here’s Why) w/ Tom Schmidt.
- 🍪 Every U.S. conflict = Fed printing money.
Nexo is back in the U.S. - and new clients get 30 days of Wealth Club Premier perks! Higher yields, lower borrowing rates, and crypto cashback - start here.
Prices as of 2:00 p.m. ET. Trade today with Milk Road Swap.
MAKING THE BULL CASE FOR A NEAR-TERM MARKET TURNAROUND 📈
Bitcoin is about to get rejected at $71.5k for the 5th time.
That's the consensus right now.
But that bear case could be weakening…
‘Cause it looks like we might be about to break it on the daily timeframe:
But the day’s not over - this could still reverse.
And that fear is valid. Four rejections in a month don’t exactly inspire hope.
But here's what that analysis misses…
The supply side of this equation is changing.
We just saw $225.2M in BTC ETF inflows yesterday.
And $458.2M the day before.
That's nearly $700M of new institutional demand in 48 hours (enough that we’re about to flip net-positive for inflows year-to-date). 👇
At this point, sellers are likely exhausted.
Anyone who was going to sell after months of choppy/downward price action has probably already sold.
The weak hands are drying up - and then there's the wildcard nobody seems to be pricing in just yet…
CRYPTO SHOULD WORK HARDER FOR YOU
Most people hold crypto and hope.
The smart money? They're earning interest on it, borrowing against it without selling, and trading it.
Where can you do the same all in one place? Nexo.
And right now, new U.S. clients get 30 days of Wealth Club Premier (benefits normally reserved for loyalty program members):
- Enhanced interest rates on your digital assets
- Lower borrowing costs against your crypto
- Up to 0.5% cashback on trades
No need to sell to access liquidity. No juggling 5 different platforms.
*Disclaimer: Geographic restrictions and terms apply.
MAKING THE BULL CASE FOR A NEAR-TERM MARKET TURNAROUND (P2) 📈
Trump just backed crypto in the ‘banks vs. crypto’ CLARITY Act war.
Not vague support, but specific, aggressive advocacy for crypto in the CLARITY Act (aka: Market Structure Bill).
His exact words:
Yuh. He's framing crypto regulation as a national security issue.
(Banks vs. innovation / America vs. China.)
That’s some POWERFUL policy pressure right there.
And the CLARITY Act is the unlock everyone's been waiting for…
It would give institutional capital the regulatory green light to invest beyond the majors (BTC, ETH, SOL).
Recency bias is a powerful drug - four rejections feel like destiny.
But resistance levels break when the conditions that created them no longer exist.
The better question isn't “Will $71.5k hold again?"
It's “What happens when consistent ETF inflows meet exhausted sellers and a regulatory tailwind?"
The fifth time might actually be the charm.
BITE-SIZED COOKIES FOR THE ROAD 🍪
This seems too good to be true. Nexo’s “Zero-interest credit” lets you borrow $BTC or $ETH with no yearly interest or fee.*
Arthur Hayes: Every U.S. conflict = Fed printing money. Iran will be no different.
Phwoar! Kraken just got direct access to the Federal Reserve.
Niiice - The U.S. services sector just posted its strongest growth in nearly four years.
*sigh* There’s a new crypto tax rule from the IRS. It’s called the 1099-DA and we’ve broken everything down around it here.*
*this is sponsored content.
Start free then save 20% off your IRS-ready report.
MILKY MEMES 🤣
ROADIE REVIEW OF THE DAY 🥛
VITALIK PIC OF THE DAY
