RECAP: BITCOIN $40K TRAP

• Best ETF Week in a Year

• BTC STH Supply in Profit Rips to 75%

• Everyone Waiting to Buy BTC in October is Panicking

• THE BRAIN BLOCK: Cognitive Dissonance

• While The Reptile Brain is Stuck in Fear, Coins are Changing Hands

• The Vicious Trap

• Peter Buys the $72K + $10K Breakout Today

It was probably the early 2000s when I realized that it is very important to harness your brain and have a process to overcome it, and this is a big part of the story today.

This one is not a bear trap in the traditional sense, but I am calling it the $40K Trap because it is very common. Every single time around—every single Bitcoin season—we have the same situation happening.

Today, we are going to step very deep inside our lizard brain, which is scary!

Over the last month—not August to date, but the last month—Bitcoin is up 29%, which caught many people off guard.

Bitcoin is up 25.3% in August, which is monstrous for an asset of this size.

Bitcoin just kissed $80,000 and has a lot of people literally panicking.

The shorts are in disbelief.

They keep going short because