Cipher_X

Grayscale files S-1 for $TAO
Grayscale has submitted an S-1 registration to the SEC for the Grayscale Bittensor Trust
Signaling potential institutional access to TAO through a regulated structure
What chart says 👇
TAO continues to sit near a key demand zone and I’m buying more here setting the targets all above 500$
While long-term narratives around AI + decentralized compute quietly strengthen
Watching structure
Watching adoption.

Bitcoin vs Gold something is shifting 🚨
BTC/GOLD is sitting around 19.5 right at a key demand area
Price keeps making lower low but 👇
RSI is making higher lows → clear bullish divergence
That tells me downside momentum is weakening, not expanding
If this holds the next phase is likely Bitcoin starting to outperform gold
even if price hasn’t moved yet
These rotations usually start quietly
This is how they look early.

THIS WEEK’S MACRO -
QUICK TAKE 🚨
• Fed Meeting Minutes (Tuesday) → biggest mover for crypto
• Jobless Claims → can shift rate expectations fast
• Thin liquidity on Thursday (US markets closed) → exaggerated moves possible
• PMI data → confirms or rejects slowdown narrative

BTC and ETH trading volumes declined by approximately 70% 🚨
Major altcoins recorded similar volume contractions
Price action remains relatively stable despite reduced participation
Indicates a broad slowdown in market activity rather than directional conviction

I’ve been watching this trader on Smart Money @
And what stands out to me isn’t just the +$5.9M PnL
It’s the consistency over time
1,600+ days active
61% win rate
And still managing a 31% max drawdown tells me this isn’t someone swinging for luck.
This looks like disciplined position sizing, patience, and letting winners work.
Big returns mean nothing if they don’t survive time.
This one clearly has.

The Federal Reserve injects $2.5B into the banking system 👇
Small number on the surface but the signal matters
Liquidity stress doesn’t announce itself loudly it shows up quietly through repo operations like this.
This is why I keep a close eye on liquidity flows, not headlines
When liquidity starts creeping back in risk assets pay attention.
Early signs matter more than big announcements.

Four all-time highs are already on the board
Gold at record levels
Silver at record levels
S&P 500 at record levels
Global liquidity at record levels.
Only one major asset class hasn’t caught up yet
▸ $BTC
Bitcoin and crypto are still trading below what this liquidity regime historically justifies
When liquidity expands capital doesn’t move everywhere at once.
It rotates.
First into safe assets.
Then into equities.
And eventually into the most reflexive assets in the system.
Crypto sits at the far end of that curve.
Same money supply.
Same excess liquidity.
Very different pricing.
That gap

BREAKING 🚨
Donald Trump is set to announce the new Federal Reserve Chair in the first week of January 2026
Markets are already connecting the dots.

Retests are holding 👇
The crypto market excluding Bitcoin is defending key structure
Pullbacks are being absorbed, not accelerated.

Momentum is quietly returning

Capital rotation into higher beta assets is starting to show
What matters next:
As long as this range holds the next move is a push back toward prior highs.
A clean break above this consolidation opens the door for a broader altcoin expansion.

$ETH
🇪🇺 Europe is evaluating Ethereum as potential infrastructure for a Euro denominated stablecoin.
What stands out to me here is what this is not 👇
This isn’t a flashy pilot, a hackathon demo, or a regulator learning exercise.
This is Europe seriously questioning whether open, neutral blockchains can handle real settlement at a sovereign scale.
That matters.
For years, public blockchains were dismissed as speculative toys while private ledgers were pitched as the “serious” option
Now the conversation has flipped.
Transparency, composability, uptime and global verification are becoming

BREAKING 🚨
The Fed has injected another $16.8 billion in fresh liquidity.

$ZEC
The structure is clear 👇
Price has held above the demand zone around $350–$380

Market is expected to rotate back toward the major liquidity pool near $750–$780

That level previously acted as strong resistance and remains the primary magnet
As long as ZEC holds above $400, the bias stays bullish.

VanEck has filed for an AVAX ETF 🚨
Signaling growing institutional interest in AVAX as an investable asset.
This could open the door for broader adoption and capital inflows from traditional markets.

For years, global markets benefited from a silent advantage 🚨
Japan exported liquidity
Capital was raised cheaply in yen and deployed elsewhere, inflating returns across risk assets.
That mechanism is now breaking.
Japan’s monetary stance is no longer an outlier:

- Policy rate now sits at 0.75%, a level unseen since the mid-90s

- The 10Y JGB at 1.96% signals a regime shift in domestic yields

- Roughly $534B in ETF exposure faces long-duration rebalancing

- Japan still anchors global bond markets as the top foreign U.S. Treasury holder
This is not a cosmetic adjustment.
It’s a structu

This week is packed with market-moving events 🚨
• Mon: Fed T-bill purchase $7B
• Tue: Key US macro data
• Wed: Fed president speech
• Thu: Jobless claims
• Fri: Japan rate decision
Liquidity and policy signals line up back to back
If markets react positively this week could set the tone going forward.

After a long downtrend $ETH/BTC defended a major demand zone
The same area where previous cycles stopped bleeding
The bounce isn’t aggressive it’s controlled with higher lows starting to form
That matters because this pair usually moves before sentiment changes
strength here suggests rotation inside crypto, not money leaving
If ETH/BTC holds above this base
the path opens toward the mid-range first, not straight to the highs
Not a signal of euphoria but an early sign that Ethereum is regaining relative strength
This is how trends start
quietly, before most people notice

Institutional interest in Solana is staying strong. 🚨
$SOL ETFs have now seen seven consecutive days of inflows, a clear sign that demand isn’t just retail-driven anymore.
Steady inflows often matter more than one big spike.

Japan is set to raise interest rates by 75 bps on December 18
The last time Japan made a move this aggressive, Bitcoin dropped nearly 20%
That’s why this one has my full attention Japan doesn’t hike lightly
If global liquidity tightens from here, risk assets could feel it fast.

Tom Lee’s Bitmine just added another 14,959 $ETH worth roughly $46M.
That brings their total holdings to over 3.86M ETH, with an average cost around $3,008 per coin
Clear conviction and steady accumulation not short term noise.