Seizing the Golden Bull Run
248: Severe Flooding, Crypto, CPI Print
Morning gents and gals.
Hope your week is off to a good start. Quite a bit to cover today.
We’re following the money this week. Friday I sent out a comprehensive snapshot guide to this crypto cycle and bull run given the rapid price appreciation we’ve seen across the sector.
I highly advise reading it if you missed it (you can find it above) at some point. Today’s crypto section is an informal part II focused on a few items:
Broader market expectations
What I think Bitcoin does in short term and when I will be scaling my alt bets
Specific strategies for crypto, what likely comes next
More alt coins and meme coin picks
Bitcoin has surpassed $123,000+.
She is still hogging the show — but eventually dominance will falter and that will give us the green light to go absolutely dummy making money in ETH and Alts.
Arb Letter long time subs are printing right now.
But the question remains — is this trend going to continue and enter easy mode for those of us who are well positioned or will there be a few more hiccups through the summer before we are out of the woods?
Today we will also be covering the flooding spreading across the US that was slamming the Northeast last evening, new criminal cases and debates from this week, as well as equity market updates.
Markets
The S&P 500 and Nasdaq are both near their record highs, with tech leadership intact and crypto volatility continuing to drive prices up after a period of dormancy over the last several months.
Macro-wise, traders are back to pricing in about two rate cuts by year-end, helping risk assets find a continuous bid. Under the surface, flows are rotating into more speculative corners of the market—AI, crypto, and meme stocks—suggesting a potential late-cycle melt-up vibe as we head deeper into Q3.
Roughly $371 million in crypto positions were liquidated over the past 24 hours, with long traders taking the brunt—over $287 million wiped out compared to $84 million in shorts. Bitcoin saw around $32 million in liquidations, while Ethereum led the way with nearly $70 million.
Over 93,000 traders were caught offside, with a good deal coming in late on the long side. The wipeout reflects the fragility of leverage in choppy markets — don’t be the guy that gets greedy and blown out before the real moves happen because you used leverage irresponsibly.
TradeDesk, TTD 0.00%↑ is set to join the S&P 500, Robinhood was passed over again despite a 168% YTD gain
$XRP and Micro XRP futures on CME crossed $235 million daily volume on July 11, surpassing the $1.6 billion traded since launch (WhaleInsider)
Vanguard is now the biggest shareholder of Michael Saylor’s MSTR 0.00%↑
Japan’s 30-year yield reached its highest level since 1999 (MacroEdge)
SharpLink Gaming added another 24,371 $ETH worth $73.5M via Coinbase Prime (CoinTelegraph)
Bitcoin-backed loans cross $1,000,000,000 in collateral on Coinbase (Watcher Guru)
This week Veteran trader Peter Brandt highlighted a possible breakout scenario for XRP, pointing to technical patterns that could support a sharp move toward the $4.47 range—reflecting growing bullish momentum around the asset. XRP could be an easy trade in the coming weeks.
I am also looking at the following across equities and crypto in the short term: