😕 The Real Reason For Bitcoin's Crash

Plus, the new Fed Chair has his work cut out to make Trump happy.

Author

Ivan
February 02, 2026

Happy Monday!

Bitcoin is continuing to dump and has crashed below $80,000. Yet, Raou Pal maintains that Bitcoin isn’t broken — here’s what he thinks is going on.

Kevin Warsh, Donald Trump’s Fed Chair nominee, is tasked with “regime change” for the Fed — but here’s why that won’t be an easy promise to deliver on.

Plus, as energy markets and geopolitics drive price action, volatility accelerates and discipline matters more than prediction. Matt Maley walks through how he adapts in real time, using metals and equity trades to manage risk, trim exposure, and stay opportunistic as conditions change.

TOP STORY

Macro investor Raoul Pal says the Bitcoin selloff is a liquidity squeeze, not a broken thesis.

In his latest essay, Pal argues BTC and tech are both getting hit by the same macro headwinds — a drained reverse repo facility, Treasury rebuilding its cash pile, and gold absorbing marginal flows.

But with the government shutdown nearing resolution and political pressure building ahead of midterms, he expects a "meaningful liquidity upswing" that could reignite risk assets.

His message: don't capitulate near the bottom.

SPECIAL OFFER

When markets turn unstable, traders look for experience.

Matt Maley has been a go-to voice on CNBC and Bloomberg for decades — especially during selloffs. Now you can see the exact trades he’s executing in real time.

QUICK N DIRTY

Bitcoin, Ethereum, XRP have dived below key levels and the worst might still not be over: here’s what’s moving markets today.

Elizabeth Warren is not impressed by the latest report that the United Arab Emirates have invested $500 million in a Trump-backed crypto firm.

Bitcoin ETF holders are now sitting on a combined $7 billion in unrealized losses. Here’s what’s going to happen next.

FINTECH FOCUS

New Fed Chair nominee Kevin Warsh is promising "regime change," but his plan to simultaneously cut rates and shrink the $6.6 trillion balance sheet has Wall Street scratching its head.

Markets are pricing a 60% chance of a rate cut at his first meeting, yet veterans warn that Quantitative Tightening while easing is a contradiction that could trigger 2019-style repo chaos.

Warsh is betting an AI productivity boom will thread the needle — if it doesn't, he's cutting into sticky inflation.

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