GM. This is Milk Road Crypto, where green candles are officially back on the menu.
Hereβs what weβve got for you today:
- βοΈ Bitcoin is having an incredible week.
- βοΈ Ethereum is doing even better.
- ποΈ The Milk Road Show: The Setup for a Massive Q4 Bitcoin Rally Is Here.
- πͺ βI don't understand how you can be bearish."
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Prices as of 2:00 p.m. ET. Powered by CoinGecko.
BITCOIN IS HAVING AN INCREDIBLE WEEK π
Itβs safe to say John is having a great time right now.
While all our other PRO analysts hold a mixed bag of crypto and stocks, John is the only one who is all in on crypto.
Source: Milk Road Internal Research Channel
The main reason Bitcoin (and crypto) is ripping is the U.S. Treasury's bond buybacks.
We broke down exactly how that works in yesterday's edition here.
Since then, Bitcoin has gone from roughly $64,000 to $77,000 in less than 48 hours.
In other words: Bitcoin is Bitcoining again.
If Bitcoin closes Sunday night above $74,200 it will mark the single biggest weekly gain in dollar terms in Bitcoin's history.
But here's what John is watching now.
The initial move higher appears to have been driven by a squeeze. Now, spot buyers and ETF flows are starting to support the rally too.
Source: Johnβs latest PRO update
According to John: βThis is VERY bullish. Even more bullish than the initial squeeze.β
Why?
Because a short squeeze can create a sharp move higher but it doesn't necessarily last.
Spot buying is different.
It means investors are actually stepping in and buying Bitcoin at these higher prices.
In other words, the rally may be moving from forced buying to genuine demand.
And that's a much healthier setup.
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ETHEREUM IS DOING EVEN BETTER π°
While Bitcoin is having its best week in history, Ethereum is still outperforming it.
Source: Johnβs latest PRO update
And just like Bitcoin, Ethereum Spot ETF inflows saw their best single-day buying in 10 months.
This again is a sign that spot buyers are coming in to support the rally after the initial short squeeze.
The only thing beating ETH right now is HYPE and that's because the sitting president of the United States personally pumped HYPE.
Source: Johnβs latest PRO update
We've been waiting a LONG time for this.
But it's finally nice to see some energy (and attention) flowing back into crypto.
Nobody knows exactly what happens next in the short term.
But according to our analysts, this move looks very similar to the rallies that pulled us out of the bear market in 2019 and 2022, so buckle up!
WANT THESE UPDATES AS THEY HAPPEN? π₯
Everything you just read came directly from updates shared by our PRO analysts.
John, Vincent, and Kyle have all been tracking this crypto move in real time and each of them brings a different perspective to the table.
Inside Milk Road PRO, you don't have to wait for us to wrap everything up in a newsletter.
You get the updates when our analysts are seeing them.
As Bitcoin, Ethereum and the broader crypto market react to new catalysts, you'll get to see:
- What John is watching.
- What assets Vincent holds.
- Where Kyle agrees or disagrees.
- And how each analyst is positioning their portfolio.
We're also currently running a special campaign before the price of Milk Road PRO increases.
This is your last chance to get in at the lower price.
Get inside, follow the analysts in real time and see exactly what they're buying, holding, and watching.
BITE-SIZED COOKIES FOR THE ROAD πͺ
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Matt Crosby: Multiple onchain signals are saying the same thing at once.
Tom Lee: People comparing today's AI spend to the dot-com bubble are missing a crucial difference.
Scott Melker: βI don't understand how you can be bearish."
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MILKY MEMES π€£
ROADIE REVIEW OF THE DAY π₯
VITALIK PIC OF THE DAY
