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	Forwarded this email? Subscribe here for more Bitcoin On-Chain Update, Equities & Rates, TBL Liquidity: TBL Weekly #125 Nik Bhatia and Augustine Carrasco Jan 18 ∙ Preview   READ IN APP   Good morning Readers! Bitcoin finished the week with a bang, hovering around $105,000 as of this writing. With only hours away until the Inauguration and everybody fixated on the suite of executive orders (and pardons), we must admit that we join others on the edge of their seat. Our new position is that the mainstreaming of bitcoin happened somewhat overnight—our friend Parker Lewis always told us it would happen gradually, then suddenly. In that mainstreaming event, which admittedly is heavily contributed to by the shifting political scene, bitcoin’s dips are strongly defended and underlying on-chain support fortified. Today, we’ll dissect the setup, as well as read into the stock market’s Fed-dependence: down on strong employment, and up on cooling CPI. Here’s what the schedule looks like: Bitcoin’s most important metrics Risk assets breakdown The infamous ‘steepening’ curve TBL Liquidity So, without further ado, grab a coffee, and let’s dive in! As bitcoin's role in the global financial landscape evolves, understanding its potential impact on your wealth becomes increasingly crucial. Whether we see measured adoption or accelerated hyperbitcoinization, being prepared for various scenarios can make the difference between merely participating and truly optimizing your position. This is why Unchained developed the Bitcoin Calculator – a sophisticated modeling tool that helps you visualize and prepare for multiple bitcoin futures. Beyond traditional retirement planning, it offers deep insight into how different adoption scenarios could transform your wealth trajectory. What sets this tool apart is its integration with the Unchained IRA – the only solution that combines the tax advantages of a retirement account with the security of self-custody. In any future state, maintaining direct control of your keys remains fundamental to your bitcoin strategy. Explore your potential future Weekly Monitor Subscribe to The Bitcoin Layer to unlock the rest. Become a paying subscriber of The Bitcoin Layer to get access to this post and other subscriber-only content. Upgrade to paid A subscription gets you: TBL Pros receive weekly 'Mean, Median, Mode' report TBL Pros attend monthly live Q+A sessions TBL Pros can personally request analysis & community discussions   Like Comment Restack   © 2025 Nik Bhatia 548 Market Street PMB 72296, San Francisco, CA 94104 Unsubscribe