Earnings360 Newsletter for 9/25/2024

On August 19th, Bitcoin exploded 23% in a matter of days… triggering nearly $3 billion in short liquidations, the largest single-day squeeze crypto has seen since 2021.

Days earlier, BlackRock, the world's largest asset manager, argued the brutal selloff earlier this year was a leverage reset, not a breakdown. Speculative excess, in their words, had been "largely purged." Then the market moved exactly like they said it would.

Now, Standard Chartered says its $100,000 year-end Bitcoin target may be "too low"... with a possible run back to $126,000, its all-time high. We believe this is the start of something bigger… a setup that only comes around once every few years, where prices are still low right before the real move begins.