🚨JP MORGAN EXPOSED: MASSIVE Bitcoin Short Trap?!

0:00Rubric is the security and AI operations company, built for what happens after an attack hits. Not just the moment before, AI has turned the threat landscape into quicksand, moving too fast for any human to fully predict. That's why an agentic cyber resilience platform matters. Automated recovery, clean data, a business that keeps moving, no matter what hits. One platform, not a patchwork of stitched together tools and gaps. Don't wait for the next attack. Secure and accelerate your business. At rubric.com. Again, rubric.com. I'm Keana and I leveled up my business with Shopify. Once I figured out that Shopify was a thing, I never turned back. I can create a site with my eyes closed. Shopify thinks ahead of us, you know, and it thinks about the customer more than anything. Every day I'm thinking about some other new business. But Shopify is doing it to me because it's so easy to use. It's like I can't stop them addicted. Start your free trial at Shopify.com.

1:01I'll skip the gold crypto at one point. I've gotten away with no damage so far. Crypto is real. It means blockchain, stable coins. You have a JP Morgan deposit coin. You can move stuff. Smart contracts. You'll all that stuff is real. It will be used by all of us to facilitate, you know, better transactions. JP Morgan just had a Bitcoin and Mechanical set up that the gold bugs are not going to like. As crypto posted it, and the Hopium chart attached is doing what Hopium charts do. But the actual note is from the desk of Nicholas Panagritzky. And it's a drier, more interesting take than a green candle just skyrocketing to 180K. And here is the trade. Now after the late July Fed meeting, the debatement trade came back. Gold ETFs recovered 100% of their 2026 outflows. Spot Bitcoin ETFs, however, recovered only half. That is the first gap here. The second gap is the one that matters. BlackRock's iBit is sitting near its highest short interest to 2026. Been redata compiled by a market beat, put that short base at 45.9 million shares as of August 31st.

2:04Senate. This is up by 23% in just two weeks. What are 3.53% of the float in 0.6 days to cover? In March, that short book was closer to 13 million. Gold shorts, however, are below their historical average. iBits put to call open interest is also running hotter than golds. So it's not a nobody likes Bitcoin data point. That is institutions own it and they're paying for insurance in case things go wrong. JP Morgan's point is positioning, not a prophecy. And if hedging demand eases and these shorts and puts get closed while the underlying ETF exposure stays on, you end up getting forced buying a Bitcoin. And the size is that gold just simply does not have now assuming that a man for Bitcoin continues to stay relevant. You unwind the hedge. Keep the long and the flow hits Bitcoin harder than it hits gold from here. And that is what I call a coiled spring. JP Morgan says one trillion moon in the trillion dollar bank is describing a relative tailwind if fear comes off.

3:05Now, I have very key charts that you have to pay attention to as we head towards the end of the year. iBit versus gold short interest is going to be a very key chart to keep an eye on. The iBit options puts and calls standard Bitcoin price action measured in dollars and the elephant in the room Bitcoin versus gold additional and all that we're going to keep an eye on the ETF spot interest for Bitcoin shares of these ETF products. Perman Bears are going to tell you that this is nothing. It means nothing. Wait for 30k the same people who treat every hedge as a destiny and every unwind as impossible. Folks, we have seen this movie before elevated shorts plus heavy puts is not a death sentence. This is inventory that has to get bought up if the tape stops cooperating with all the fear that's rolling out on the headlines right now. This is guaranteed it goes vertical absolutely not JP Morgan said other factors still drive both of these assets fiscal responsibility rate increases liquidity in the risk of environment. These things still exist.

4:06What they said is narrower and more useful from a positioning standpoint. Bitcoin has more dry powder on the long side than gold does if these hedges come off. That is what we're reading on the underscore stop the Jamie diamond bowl button. This is not a hundred thousand dollar move overnight. This is a trillion dollar desk pointing at yearly highs for iBIT shorts. Gold shorts are sitting below average and the flow gap between the two still has room to close. But I'm interested in what you think in the comments. Do you think that this is a massive fake out that Bitcoin has experienced over the last few months since we rose from that fifty seven thousand dollar washer of moment. There's all the reads in the world if you read the headlines from a doomer's perspective why we should be dumping down to forty thousand dollars but it simply hasn't happened. In Bitcoin's bear market is simply running out of time for that to occur. So I'm interested in what you think make sure to let me know down in the comments and go check out school and all the resources we put together so we can say on top of the entire crypto market

5:07with a community that actually focuses in on this and a great group of people that have been there and done that to align with. But until next time, droop that.