Bitcoin $BTC is only a hair above $67K right now, but it’s still standing. After this week, simply holding that level feels like a win.
This Friday stream had two moods running in parallel: a lot of tension, but also a few subtle clues that smart money isn’t freaking out.
The Market’s in a Bad Mood, But It’s Not Falling Apart
CPI came in a touch cooler than expected at 2.4% versus 2.5%. That’s why futures shifted from “this looks ugly” to “okay, relax,” and the Dow and S&P nearly flipped green.
Rate cuts still aren’t a sure thing, but the odds ticked up from around 5% yesterday to close to 10% today, according to George. Simple takeaway: softer inflation helps, even if the Fed hasn’t fully changed its stance.
The problem is confidence is still missing.
Trade talks, tariff headlines, and the China Taiwan tension don’t really damage Bitcoin directly, but they do mess with sentiment and that’s what’s driving the mood right now.
The ETF Detail Everyone Misreads
Yeah, headlines like “$410M flows out” are designed to spike your stress.
But a BlackRock rep basically pointed out that if hedge funds were truly unwinding major ETF positions, you’d be seeing billions in outflows, not a relatively small slice redeeming. A lot of the real mess during moves like this comes from exchanges forcing liquidations and clearing out leveraged loans.
So the big money isn’t “gone.” It’s just not in a mood to push price up right now, and there aren’t any green candles to chase.
Today’s Volatility Trigger: Options Expiry
Roughly $2.9B in BTC and ETH options expire today. Around expiry, whales often try to nudge price toward levels that benefit their positioning, so things can get weird fast.
The main “magnet” levels George highlighted were:
Bitcoin around $74K
Ethereum around $2,100, he said $21,000 but it was obviously a slip
If BTC moves this weekend, expect it to be fast and a little irrational.
The Rare Signal: Buying Into the Dip
This is the part I’d pay the most attention to.
George pointed out that accumulation addresses are climbing hard while price is still sliding. That’s classic smart money behavior: buy quietly, don’t hype the chart, and let retail panic first.
He also showed weekly RSI pushing into levels we haven’t seen since 2022, and before that 2019. Those were major crypto winter bottoms.
That doesn’t mean price can’t dip at all, but it does suggest you’re much closer to the bottom than the top, even if a red day makes it feel like you’re miles away.
Also yeah… Coinbase really used Subway Surfers
Coinbase dropped earnings clips with a brain rot game layered on top just to keep people watching. It’s hilarious, and honestly it fits the moment perfectly.
That’s basically the market right now.
A lot of money is moving, but everyone else needs a dopamine video just to stay locked in.
What you do with this
This is where DCA stops being a cute concept and turns into an actual plan if you’ve got dry powder.
If you don’t have cash ready, the other simple move is to just hold, stop rage checking the chart, and let the leverage gamblers get shaken out.
This weekend could be quiet, or it could get ugly fast with options expiring. Either way, the “rare signals” are pointing to the same thing. Someone with real size is buying while most people are overthinking every tick.