October wasn’t a cycle top—it was a leverage wipeout on a liquidity-starved market. The Fed has pivoted. QT ended. Purchases started. Every on-chain metric the bears cite is wrong. Layer 1 is intact. Layer 2 just got flushed. Here’s the Q1 2026 playbook.

The macro environment is forming a setup that typically precedes significant moves in risk assets. Five independent factors are converging while market attention fixates on the Bank of Japan.

October killed $19 billion. December sees $153 million. The leverage is gone. Saylor just wired $2 billion. Someone knows something.

The U.S. crypto policy regime changed more in twelve months than in the previous twelve years. Every bill, reserve, and policy shift explained. What's law, what's pending, and why it defines the next 12 months.

Stanford grad. Forbes 30 Under 30. $60 billion empire. Fake passport. Montenegrin jail. Fifteen years in federal prison. The full story of crypto’s most spectacular downfall.