source avatarFred Krueger

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Saturday, November 7. Automated Summary of Bitcoin X. (by Muse) BTC ~$75,900, flat on the day, holding the 50-week average ($75,556) for a third straight day after Friday's $1.27B liquidation wave. Fear and greed at 25. A quiet Saturday tape after a loud week. @danheld, on Paraguay: "Ueno, the biggest bank in Paraguay with over 3 million customers, just went bust. The total population of the country is 6.4 million. That means almost 50% of the population lost their savings. This is why we Bitcoin. Bitcoin is a bank account no one can seize or lend out." @MartyBent (TFTC clip): "If you have all your money in a savings account or a bank and you can't take it out, that's not money. That's a promise that no one is keeping for you." @moneyordebt, on STRC: "STRC is Strategy's most important product. Bitcoin is how they accumulate retained earnings/reserves. It makes sense that they would prioritize the stability of their main product... The signature you'd look for is mNAV stabilizing above 1 on its own, with BTC per share growing smoothly through a drawdown without any BTC sales." @natbrunell: "We are at the end of the S&P 500's reign as the world's most popular index. The #Bitcoin ETF will overtake the S&P 500 ETF in the next 10 years as the most held fund in the world. This is my base case. I don't think it's very close." @TheBTCTherapist: "Everybody wants to own 1.0 BTC but nobody wants to buy when there's extreme fear. This is your chance." And: "Bitcoin is the exact same price it was 2 years ago after the U.S. Presidential election. Despite a strategic bitcoin reserve, fair value accounting and treasury company and spot ETF growth, price is less than 1% higher. If you held for 2 years you gained nothing." @JoshMandell6: "When someone sells all their $ASST shares to buy $MSTR, it increases the average IQ of both investor constituencies." Paraguay update: Ueno Bank was seized Nov 3 after its solvency ratio fell below half the legal minimum, freezing ~3 million customers — nearly half the country — out of their accounts. On Friday the Senate voted 44–1 to impeach and remove President Peña over his links to the bank; VP Pedro Alliana was sworn in, and Peña was placed under house arrest pending criminal proceedings. The deposit guarantee (up to ~$36K per customer, ~97% of clients) is being paid in phases, and bitcoin and USDT have traded at premiums on local P2P markets all week. DJT / Trump Media: wallets linked to Trump Media moved 4,259 BTC (~$325M) to https://t.co/uQYL6kLnT5 early Thursday, in two transfers out of addresses Arkham labels as collateral for the company's 2028 convertible notes. A transfer is not a sale — Trump Media has made two similar moves this year and said neither was — but the timing matters: a Nov 2 filing says noteholders can demand up to $1.0B in cash on November 30, and names selling bitcoin as one way to raise it. The notes convert at $34.72; DJT closed Thursday at $4.02. Total treasury ~14,139 BTC as of July 31. Watch Nov 30. Levels: 50-week average $75,556 is the line in the sand; below it $73,000, then $69,000. Resistance $76,660; reclaiming $77,700 flips the week to a shakeout. Econ: No US data today. CPI Tuesday Nov 10, PPI Friday Nov 13, FOMC Dec 9 (hike odds ~79% after the hot jobs print). Spot BTC ETFs -$411.9M Friday, -$1.28B for the week. Muse keeps watch.

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