Red Week... But Uptober’s Loading 🚀
Bitcoin dipped to $109K, but fundamentals haven’t budged. With rate cuts, ETF flows, and DATs stacking, Q4 is shaping up for fireworks.
In partnership with
Howdy, Hodlers!
This week’s been rough - bags bleeding, sentiment tanking, vibes in the gutter. 😩
So, let’s get right into it and pump those hopium tanks back to full! 👇
Buying Cannabis Online Is Now Legal, And Incredibly Convenient
For years, buying cannabis meant taking a trip to a dispensary, dealing with long lines, limited selection, and inconsistent pricing. But thanks to changing laws and innovative online retailers, buying high-quality THC products is now 100% federally legal—and more convenient than ever.
And when it comes to quality and reliability, Mood is leading the way…
Because they’ve completely flipped the script on cannabis shopping. Instead of memorizing hundreds of confusing strain names – like “Gorilla Glue” and "Purple Monkey Breath" – you simply choose how you want to feel: Creative, Social, Focused, Relaxed, Happy, Aroused, and more.
Each gummy is formulated with the perfect blend of Delta-9 THC and botanicals to deliver the perfect mood.
Want a great night’s sleep? Try the Sleepytime gummies. Need laser focus Mind Magic gummies have you covered. Hotter sex? Try the Sexual Euphoria gummies.
It's cannabis shopping that actually makes sense for “normal” people.
We spent the week bathing in red candles.
Bitcoin started near $115K and now we’re chilling around $109K.
What changed?
Fundamentally… nothing.
But the market?
Completely unhinged.
Paper-handed clowns panic-dumped at the first sign of red. Not you though, you’ve been riding with the Hodl Report. You know Valhalla’s coming!
This feels like the last real wave of red before the next leg up.
Sure, we’ll get pullbacks, but those will be to future ATHs.
Red September prophecy?
Fine, let it play out.
Uptober is only 4 days away, but right now the market has us feeling like…
And how do we know the next leg up is right around the corner? Simple: the market’s crying, fear and greed index back to fear and overall sentiment’s in the gutter. That’s always when the script flips. 📈
Oh, and we’ve also got the data receipts to prove it…
The Signals We’re Watching 👀
1. ETF flows
Bitcoin & Ethereum inflows remain strong, even with a few outflow days sprinkled in as of late. Net demand for September is still bullish and the recent outflows should make their way back shortly and make for a nice October.
2. M2 Liquidity
Normally Bitcoin follows M2 like a shadow. Recently it decoupled thanks to the Treasury General Account refill (ie. government loading up to start printing). But now that that’s done, we’re back on track and need to catch up to the trend.
3. DATs (Digital Asset Treasuries)
Still vacuuming up supply even through September. Some look shaky (market caps dipping below their holdings), but the real “DAT unwind” black swan isn’t here yet… more on that in a future issue (don’t worry we got your back!).
The Setup
Rate cuts are in play, TGA refill’s behind us, and liquidity is warming up. Q4 is shaping up for liftoff.
Pullbacks? Maybe.
Fireworks? Definitely.
Want the macro deep dive on why we’re so close to liftoff?
Raoul lays it all out… clear, sharp, and packed with hopium. Definitely worth a watch.
TLDR: Red week, green future. Uptober’s about to hit different. 🚀
Hodl Headlines
The Week’s Most Interesting News
FTX to Disburse $1.6B of Bankruptcy Repayments: FTX’s recovery trust will pay $1.6 billion to creditors on September 30, marking its third major distribution since the exchange collapsed. The move is part of an ongoing repayment plan aimed at restoring over $16 billion to former users.
Tether Eyes $20B Raise with $500B Valuation Target: Tether is reportedly planning to raise $20 billion in capital, aiming for a $500 billion valuation. The round would further solidify its dominance in the stablecoin sector.
MetaMask Perps Expansion A Hyperliquid Catalyst: AInvest reports that expansion of MetaMask perpetual offerings could act as a key driver for Hyperliquid’s growth, boosting liquidity and derivatives activity. The development is viewed as a structural catalyst in the DEX/perps space.
Hyperliquid’s Homegrown Stablecoin USDH Goes Live: Hyperliquid’s single native stablecoin, USDH, launched after Native Markets secured the ticker bid. The token is backed by cash and U.S. treasuries, and has already crossed $2 million in early trading volume.
Sam Bankman-Fried’s “gm” Tweet Fires Up FTT Price: A single “gm” post from Sam Bankman-Fried on X sparked a surge in FTT token, as traders speculated resurgence. The brief return to social media reignited market chatter about SBF’s influence.
Big thanks for making it to the end of this week’s Hodl Report! 👊
If you enjoyed the ride, had a good laugh or learned a thing or two, feel free to share the love! Just copy/paste this link over to anyone:
The more, the merrier - because who doesn’t love a bigger party? 🥳
Happy Friday!
Disclaimer: The content from Hodl Report should not be taken as trading, investment or financial advice or solicitation to buy or sell any assets. This newsletter is for informational and educational purposes only. Please be careful out there and DYOR (do your own research)