Oct 13: Crypto Faces a Political Reckoning and XRP Escapes a Major Security Threat
Bitcoin dropped toward $81,000 overnight as approximately $750 million in leveraged cryptocurrency positions were liquidated, before rebounding toward $83,000. Matt explains why Bitcoin remains trapped in the same trading range, with $87K serving as the key resistance level before a potential move toward $90K. Strategy purchased another 250 Bitcoin for approximately $21.5 million, Morgan Stanley reportedly plans to support tokenized equities in early 2027, and hedge funds are increasingly exploring cryptocurrency arbitrage strategies involving spot markets, futures, funding rates, and…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.