Beimnet Abebe

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While much of the world was still bullish, or offering little conviction, Beimnet was calling for BTC to go lower into a bear market as early as October 🐻 He targeted the area around the 200w moving average (~$58k). Last week, we effectively hit it 🎯 Only on Galaxy Brains 🔊

Is Bitcoin entering a bear market? On the latest episode of Galaxy Brains, @intangiblecoins talks with @BeimnetAbebe (Galaxy Trading) about the recent drawdown, market reflexivity, and what history tells us about Bitcoin’s 200-week moving average.

“if we want to get our fiscal and debt situation under control, the pentagon needs to order fewer F-35s and build less shit on the moon” -@BeimnetAbebe

Bitcoin will retire your bloodline. @intangiblecoins talks to @udiWertheimer about his $400K BTC thesis, crypto treasury companies, and why Udi thinks most of the market is still underexposed to Bitcoin. Plus: FOMC recap w/ @BeimnetAbebe. Galaxy Brains EP 174 🎧👇

Politics of Crypto Legislation 🧑‍⚖️ Last week, @intangiblecoins sat down with @austincampbell (@NYUStern, Zero Knowledge Consulting) to talk about the GENIUS Act, prospects for market structure in the House, and what a tie-up between crypto and traditional finance means for both. Plus: @BeimnetAbebe on the Fed, markets, and stagflation risk 🧵

Imagine if MMF assets dropped/redeployed 1tn. Money would have to come from somewhere to buy t-bills/repos. That cash would most likely come from excess bank reserves (only if mmkt yields offer relative value vs rolling IORB for this to happen), or from sales in the broader asset base. There are a few caveats like GSEs and the foreign rrp funds, but even then, it’s absolutely crazy to associate high mmkt balances with ammo to pile into stocks.

That’s a misguided statement @BillAckman. Mmf aum will broadly trend higher as long as US debt keeps growing. Given the current amount of t-bill/govy supply, there is no market signal from this measure sitting at all time highs. This measure might have been relevant historically but not anymore.

Bullish

"12% of payments on credit cards are minimum balance payments now. The stat about Coachella was really impressive to me. Apparently 60% of folks are on payment plans for the tickets." @BeimnetAbebe explains why the U.S. consumer looks fragile and why a deeper slowdown may be ahead.

Behind Bitcoin's Tepid Response to the Strategic Bitcoin Reserve In this week’s Trading Take, @BeimnetAbebe & @intangiblecoins discuss: ➡️The executive order establishing a U.S. Strategic Bitcoin Reserve (SBR) ➡️Why Bitcoin’s market response has been muted despite high expectations ➡️The broader implications for U.S. fiscal policy and digital currency strategy ➡️Market conditions affecting both equities and crypto

How to borrow $160m in $USDC on a holiday weekend @KeithGrossman, president of enterprise at @Moonpay, reveals the crazy story behind how he managed to borrow $160m with @novogratz and @bgarlinghouse’s help in order to make sure the $TRUMP launch would succeed… And the margin they had to put on the line to guarantee the loan. It’s a crazy story, check it out below:

In this week's Trading Take, @BeimnetAbebe and @intangiblecoins break down: 📉 A weekend panic sell amid tariff talk & aggressive liquidations 🗣️ Insights from David Sacks’ press conference on a potential Strategic Bitcoin Reserve ⚖️ The interplay between market dynamics & regulatory shifts

In this week's Trading Take, @BeimnetAbebe and @intangiblecoins talk market dynamics post-DeepSeek-R1 launch: 📈 Impact on tech valuations and investments 🔋 Shifts in power consumption and infrastructure 🏦 Analysis of the Federal Reserve's stance 💰 Bitcoin's stability and memecoin volatility

@cryptunez P lol

It’s easy to become cynical about the purpose of crypto, when memecoins are so popular. I’m guessing it was also easy to become cynical about the purpose of the internet back in the late 90s, when almost half of all web searches were related to porn.

This week’s Trading Take: @BeimnetAbebe & @intangiblecoins dive into 2025’s rocky start, breaking down Bitcoin’s moves, the Fed’s hawkish stance, rising U.S. rates, and their ripple effects on bonds, global currencies, and corporate finance. Watch here ⬇️

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$100,000 Bitcoin—more than a number.

“When you see price action like this, it forces you to pay attention. Quite frankly, it’s pretty simple. If you’re not long, you’re short.” @BeimnetAbebe & @intangiblecoins break down market shifts post-U.S. election, the impact of Trumponomics, and Bitcoin's rise as a mainstream asset.

guys, ⁦@BeimnetAbebe⁩ has a confession to make. since it’s going to come out next week on HBO, may as well come clean now…

What better way to start your weekend than by listening to the classic @intangiblecoins and @BeimnetAbebe rant about the state of fiscal and monetary policy?