Remember yesterday when we said Bitcoin was breaking out to $95K-$100K this week? Remember when we told you the CPI would be the catalyst? Remember when everyone thought we were crazy? WELL LOOK WHO'S LAUGHING NOW. Bitcoin just KISSED $96,500—our EXACT target. Ethereum SMASHED through $3,300 like it was tissue paper. And our positions? Up MASSIVE. But here's the thing: We're not even CLOSE to done. The Supreme Court just dropped their tariff ruling (spoiler: markets LOVE it). Fear & Greed Index EXPLODED from 25 to 47 overnight—that's the biggest single-day sentiment swing in MONTHS. ETF flows are STABILIZING after the bleed. And the kicker? We're literally sitting at the edge of $97K resistance right now, RSI at 70 showing this thing is PRIMED to go nuclear. The next 48 hours will separate the RICH from the broke. This isn't the top. This is the BASE CAMP before we summit $100K. If you listened yesterday, you're up. If you didn't, LAST CHANCE. Let's get this bread.

The short squeeze we foresaw (refer to Friday’s note). Bitcoin at $91,300 (+4% week)—two-week high. Ethereum at $3,150 (+7% week), strong momentum building. Solana $132 (+8% week). The BOLLINGER BANDS SQUEEZE RESOLVED BULLISH exactly as predicted Friday. This is THE confirmation.

U.S. military action in Venezuela triggered a MASSIVE short squeeze as crypto proved its ACTUAL utility—capital flight, sanctions resistance, sovereignty hedge. BTC dipped to $89K, recovered to $91.3K in <24 hours.

Index surged from 10 (Extreme Fear) to 40 in 48 hours. Shorts positioned for further breakdown got absolutely CRUSHED. Liquidation cascade above $90K added rocket fuel.

Fundstrat's Leaked Bearish 2026 Outlook: Circulating internal report warns of 'meaningful drawdown' in H1 2026, with downside targets: BTC $60K-$65K, ETH $1,800-$2,000, SOL $50-$75. This contradicts Managing Partner Tom Lee's public statements predicting BTC $250K. The divergence highlights unprecedented uncertainty among major research firms.

Broad Altcoins: High emissions, limited retail participation, weak institutional demand. Altseason unlikely in 2025 or 2026. DeFi Governance: Aave disputes raise concerns about token value accrual. ETH Value Capture: Debate whether Ethereum becomes 'boring infrastructure' where apps capture value vs. ETH holders.

Why No Rally Materialized: - Tax selling continued through today (final day to lock in losses) - $90K resistance never broke (tested 8x in December, failed every time) - ETF outflows never reversed (-$2.0B+ in December alone) - US session kept dumping Asian gains (pattern held through yesterday) - No catalyst arrived (no Trump announcement, no whale buy, no squeeze) - Liquidity stayed thin (holiday week volume never recovered)

Bitcoin has 18 hours to rally 7.1% and avoid its first-ever negative post-halving year. The technical setup is BRUTAL: 1. ETF outflows accelerating (-$589M last week vs +$457M week before) 2. Perfect correlation with Nasdaq (down when tech down) 3. Year-end tax harvesting (selling losers for tax benefits) 4. US session consistently reversing Asian gains 5. $90K rejected for the 7th time in December

Volume: ANEMIC (holiday liquidity death). VanEck’s annual outlook predicts Bitcoin will be “TOP PERFORMER in 2026” despite 2025 disaster. Liquidity returning = BTC “responds sharply.” But Matthew Sigel warns: “2026 more likely consolidation than melt-up or collapse. Four-year cycle peaked Oct 2025. Volatility dropped 50%, implying 40% drawdown already absorbed 35%.”

December 10, 2025