BTC parked at $85,716 (+0.25%), ETH at $2,704 (+0.15%) — dead tape, nobody's selling. The only real action: RLC up 126.8% on $40M of volume, while Metaplanet round-tripped 21,000 of its own coins through cash to keep the rating agencies purring.
▪️ Movers worth a look: RLC +126.8% on $40M, then FIL +12.6% ($26M), ZRO +12.1% ($25M), MOVR +7.6% ($33M). One thin-volume rip and scraps.
▪️ Losers: PUMP -4.0%, FET -2.3%, UNI -1.7%, LINK -1.7%, SUI -1.7% — no capitulation, but SUI's $94M red candle is the heaviest dumping of the day.
▪️ Metaplanet sold 10,000 BTC for ¥124.7B ($790M) in Q3, parked the cash, then bought 11,000 BTC for ~¥150B — net +1,000 coins, treasury at 44,000 BTC.
▪️ Bitmine added 15,112 ETH in the week to Oct. 4: 6,016,414 ETH total, 4.9% of supply, 99% of its 'Alchemy of 5%' goal, booked at $2,726 per coin.
▪️ Strategy and BlackRock's IBIT now sit on 1.653M BTC worth $140.82B — almost 8% of the 21M supply ceiling in two sets of hands.
▪️ ZachXBT fronted $349,700 of his own money to get inside an alleged Lazarus Group laundering ring.
Greed at 73, up from 70, with BTC flat — nobody's scared, everybody's bored, and boredom is exactly what walks retail out the door when it finally breaks. RLC's +127% on $40M says the microcap chase is alive, and that's where today's exit liquidity gets minted. And Bitmine's 15,112 ETH was its smallest weekly buy since mid-August — the big bid is easing off the gas.
🔮 Metaplanet just proved it can dump 10K coins and rebuy them inside a single quarter. So remind me what 'long-term conviction' is supposed to mean?
@mxcenglish
