͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

Forwarded this email? Subscribe here for more

Fed To Cut Rates While US Economy Approaches Liftoff, Bitcoin Outlook

Nik Bhatia

Sep 4

∙

Preview

READ IN APP

Dear Readers,

At The Bitcoin Layer, we pride ourselves in combining price study, global macro analysis, and synthesizing current events to glean an outlook, but finding a balance comes with great trepidation. In my last letter, I took a break from narratives and Liquidity to let the prices speak for themselves, and emerged with some short-term expectations around bitcoin’s variance as well as the pivotal nature of DXY price action over all time frames.

Today, I want to reflect on everything, combining macro, the candles, and some of the topics I discussed with Kane McGukin and Dr. Jeff Ross over the past two days. We’ll touch on Fed cuts, where the US economy is today and where it could be heading, China’s role in determining US strategy, and use all of that to support a thesis on TBL Liquidity. Lastly, we’ll analyze the daily candles of the S&P 500 and bitcoin.

Over 10,000 investors downloaded the original report calling for $120k when bitcoin was just $27k. With that price level now achieved, Tuur is back with the 2025 edition refreshed for the bull run with new data and insights—including Adamant Research’s latest price outlook.

The bull run is heating up—now is the time to take it seriously.

You’ll also get exclusive access to an HD recording of Tuur Demeester’s new 30-minute video presentation, Charting Our Way Through Chaos, breaking down why this boom might be only just beginning—and what forces could push it to the next level.

Read the first-ever mid-cycle report from Adamant Research:

Go to report

Blockstream Jade Plus is the easiest, most secure way to protect your Bitcoin—perfect for beginners and pros alike. With a sleek design, simple setup, and step-by-step instructions, you'll be securing your Bitcoin in minutes.

Seamlessly pair with the Blockstream app on mobile or desktop for smooth onboarding. As your stack grows, Jade Plus grows with you—unlock features like the air-gapped JadeLink Storage Device or QR Mode for cable-free transactions using the built-in camera.

Want more security? Jade Plus supports multisig wallets with apps like Blockstream, Electrum, Sparrow, and Specter.

Protect your Bitcoin, sleep better, stack harder. Use code: TBL for 10% off.

Take Control of Your Bitcoin Today

Catching up with a great thinker

Dr. Jeff Ross is a fiduciary, and that’s always been the reason I like to listen to his opinions on markets. He has a duty to his clients to act in their best interests, so whether his market calls are right or wrong, he endures the consequences as a money manager.

I hope people will take the 45 minutes and watch/listen to this one—it might help give you some context for today’s letter.

Inside the Global Liquidity Shift Powering Bitcoin with Dr. Jeff Ross

The Bitcoin Layer

46:04

Fed cuts locked in

The gold price continues to speak very loudly...

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.

A subscription gets you:

	TBL Pros receive a bi-weekly 'Mean, Median, Mode' report
	TBL Pros attend monthly live Q+A sessions
	TBL Pros can personally request analysis & community discussions