It ain't over, until Xi / China bends the knee. I don't think that will ever happen, but if it does, they will start by arresting the slide of the #yuan. $USDCNH is approaching 5-yr highs. Xi's major weapon is independent monetary policy which necessitates a weaker yuan.

If not the Fed then the PBOC will give us the yachtzee ingredients. CNY deval = narrative that Chinese capital flight will flow into $BTC. It worked in 2013 , 2015, and can work in 2025. Ignore China at your own peril.

$CNY deval is on like donkey kong!

The Fed is on the clock, shit is breaking down. Stocks down, 10-yr yield down, good! (prev) Stocks down, 10-yr yield up, bad! (now) Mrkt finally realising that if there are less export dollar earnings, there cannot be treasury buying or stock buying. Game Over!

We are green lit for Fed intervention.

And so the central wanker banker “oh fuck” we gotta do something elephant walk party begins shortly. Whatever they decide to do it will be some flavour of money printing. Yachtzee 😘😘😘😘😘

If the BBC decides to cancel upcoming 10 and 30yr treasury auctions that is stealth money printing bc he will run down the TGA instead. This is an easy intermediate step to quell the chaos before cuck JAYPOW does his duty.

This wasn’t the policy response I expected but one nonetheless. The question now as it was last week, will China bend the knee? Let’s see where the PBOC fixes the yuan on Thursday for clues.

Take note for next time, >140 MOVE creates an immediate stimulative policy response. We will be back here again in short order. Enjoy the party while it lasts. Next time $BTC might not follow equities into the shitter first and just keep zoomin’.

No deal, PBOC continues a very gradual yuan weakening. Shit ‘bout to get spicy. Luckily $BTC loves money printing and associated ccy weakness.

Rut roh. The BBC is going to have to do more to put 10yr yields back in the box. Better call cuck Powell and tell him it’s time to step up.

It’s on like donkey kong. We will be getting more policy response this weekend if this keeps up. We are about to enter UP ONLY mode for $BTC.

Like the Easter bunny, bounce bounce bounce bounce bounce! Seriously fam, this might be the last chance you have to buy $BTC < $100k 😉😉😉😉. New essay drops this week about The BBC Bazooka, treasury buy backs. Yaxhtzee

For those of you who refuse to respect the $BTC pump, I only have one question for you ...

I know Team Trump wants a weaker dollar, but a rapidly strengthening $JPY causes leveraged traders to unwind positions in US stocks and bonds. Thankfully $BTC knows that if bond yields rise, the BBC must print money. Yachtzee 😘😘😘😋😋

Trump says he wants to fire JAYPOW - dollar dips, $BTC rips Trump says he has no intention of firing JAYPOW - dollar rips, $BTC rips some more Fuck yeah, this is the kind of price action we need degens.

US Treasury Quarterly Refunding Acc. drops 28th & 30th, what are we looking for: - Est. of next quarter's borrowing, an increase over prior est. is $ liq +ve - Target TGA balance, the lower the target the better for $ liq - Any comments on bond market due to tariffs

Are y’all ready to Full Send? See you degens MainStage Token2049 Dubai. Yalla Habibi

The most asked question of me recently: wen alt szn? Sometimes it’s just staring you in the face. $HYPE

Thank you to everyone for coming to Burning Palm. Our next event will be at Bitcoin Vegas stay tuned it’s going to be a heater.