GM. This is Milk Road, the beta-blocker of crypto newsletters (we help you stay cool, calm, and collected when things get scary).
Here’s what we got for you today:
- ✍️ Why is everything red?
- ✍️ How to stomach markets like this
- 🎙️ The Milk Road Show: Why Bitcoin Just Crashed Below $100K (And What Happens Next) w/ Delphi Digital
- 🥛 Episode 2 of our AI pod just dropped
Fuse is a $300M ARR energy company launching The Energy Network on Solana. Discover the future of energy now.
Prices as of 2:00 PM ET. Trade today with Milk Road Swap.
WHY IS EVERYTHING RED? WHAT HAPPENED TO MOONVEMBER??
It’s crazy how a dip can feel either super chill or completely gut wrenching, depending on the situation.
A 5-10% dip after a massive run up? Eh, no biggy. Corrections happen.
A 5-10% dip after a month of weak chop? This. 👇
So let’s dig into the market catalysts behind Tgal’s tummy problems, and give him some mental models that could help calm his queasiness.
Starting with: why the hell did this just happen? 👇
The reason (that we’re seeing) right now is two-fold.
This (the broad catalyst):
Mixed with this:
Lemme piece this all together for you…
A December rate cut would lower everyone’s loan/credit repayments, making loans more accessible and cheaper to service (increasing the amount of cash floating around the economy).
Everyone thought it was a lock, so they bought into the market ahead of the actual announcement… but now they’re not as sure, so they’re selling ahead of time.
The first things to go from investors' portfolios in times of heightened uncertainty? Riskier assets, like crypto.
This pushed BTC’s price into the $100,500-$98,000 region yesterday afternoon – highlighted by the red box on the last chart listed above.
Now – see all of those greenish-yellow horizontal bars within the box?
Each of those represents roughly $50-$100M worth of forced selling that will happen on Binance if/when the price hits those levels.
And it’s not just Binance. Every major exchange had a similar wall of ‘potential forced selling’ in that range.
All of which were hit over the last 24hrs, pushing BTC’s price down to ~$95k (taking the rest of the crypto market with it).
Alright, at this point Tgal’s face is looking even greener than it was initially. Let’s fix that.
Keep scrolling to the next article for a mental model that will serve both you and Tgal in moments like these. 👇
A NEW FOUNDATION FOR THE GRID
Is this the most legit energy company to ever enter crypto?
Fuse is a $300M ARR UK utility powering 200,000+ homes - and now it’s launching The Energy Network, a new digital layer engineered to scale our grids and save billions in costs.
It’s real infrastructure, not speculation - connecting homes and devices to make power smarter, cheaper, and more efficient.
One of the highest-revenue DePIN projects in crypto - and it’s still pre-launch.
HOW TO STOMACH MARKETS LIKE THIS 🤢
Everything we’ve experienced over the last month and a half…
- The extended market chop…
- The missed expectations (‘Uptober/Moonvember’)...
- The painful sell-offs like the one we’re experiencing right now…
They’re the cost of entry to crypto.
If you can make peace with that and stomach these events when they hit (and they will) – you’re going to be ok.
In crypto, the bad times are more consistent than the good times – but the good times outperform the bad times.
Here’s an example of that:
Bitcoin is up 520% from Jan 2023 to today (or 173% per year for the last 3 years).
But over those 3 years (36 months), BTC only went up to new highs in 10 of those months.
That means 73% of the time – Bitcoin is in ‘boring chop’ mode or ‘I just checked TradingView and want to hurl’ mode. 👇
If you can learn to stomach the bad times that crop up within a larger uptrend, and buy or hold in those times (when every part of your being is screaming “sell, dummy!”)?
You’ll be the person collecting the 173%-per-year returns that BTC/crypto tends to offer.
Now, if you’re currently in the same boat as Tgal and feeling queasy, remember this:
These periods of chop and sell-offs can feel surprising (we’re not immune — we feel it too).
But they become less mystical when you zoom out and accept that they’re all par for the course – and are much easier to deal with when you realize the good times outperform the bad.
(You don’t need to be smart, you just need to be patient.)
So here’s your mantra for times like these:
Hold majors, zoom out, chill.
EPISODE 2 OF OUR AI POD JUST DROPPED 🥛
ICYMI we launched a new AI podcast this week, and the second episode just dropped.
How it’s gonna work is this:
- Every Wednesday we’ll sit down with major players in AI - founders, investors… big names you’ll recognize (Mike Novogratz anyone 👀).
- Then, every Friday we roll up the week’s biggest AI news and what it means for you and your bags.
👉 Go catch up on the week. Watch episode 2 here.
If you want to stay plugged into all things Milk Road x AI make sure you follow us on X.
We’re also dropping a Milk Road AI newsletter verrrrry soon, and you can get on the waitlist here.
BITE-SIZED COOKIES FOR THE ROAD 🍪
500+ cryptos. 11,000 stocks. 190+ countries. We’ve just done a thorough review on one of crypto’s oldest exchanges.
Another crypto IPO? Sure, why not. Crypto ETF juggernaut, Grayscale, just filed for an IPO in the US.
Who’s this guy? BitMine just appointed a new CEO but it wasn’t enough to stop the stock sliding 4%.
Ooof! That’s gotta hurt. It’s not just crypto that’s selling off — stocks are shedding too.
We just gave our crypto-backed loans page a fresh new look. We reviewed the top platforms, compared the rates, and even crowned our official Milk Road Pick.*
*this is sponsored content.
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