Yes yes yes MFG!
Hope you and your family are doing well—and finding ways to get a little bit wealthier every single day!
Just checking in for this weeks edition of the MFG Bitcoin Trade Report for your Sunday evening.
This week, BTC attempted a Stage 2 breakout above the 20-day SMA on Tuesday, but the move failed. Selling pressure followed, and by Thursday, BTC had dropped over $3,100 (3%), sliding into a clear Stage 4 decline and testing the key $100K–$102K support zone. This level held overnight, and Friday saw a bounce off the lows, with BTC climbing back to around $104,300.
🧠 Fun Fact: Thursday’s low of $100,250 was the lowest level we have seen Bitcoin trade in four weeks!
BTC daily chart:
Notice we had quite a few Money Flow Trading System indicators flashing early warnings of downside: the MACD histogram briefly turned positive before reversing sharply lower, the TSI showed a bearish cross followed by a steady decline, and most importantly—price was already trending to the downside since early last week.
🧾 Market Developments
A few news articles that caught my eye this week:
⚡ Meta’s Nuclear AI Deal Sparks Rally in Bitcoin Mining Stocks
On Tuesday, Meta (META) signed a major 20-year deal with Constellation Energy (CEG) to secure 1.1 gigawatts of nuclear power for its AI operations—another clear sign that big tech is doubling down on AI infrastructure.
Bitcoin mining stocks rallied on the news, as several miners have already begun expanding into AI-related operations. MARA, RIOT, HUT, CORZ, and CLSK were all up 7–8% heading into the final hour of U.S. trading.
📉 BTC Supply Tightens
Bitcoin’s liquid supply has dropped by 30% over the past 18 months, according to analysts at Sygnum. The decline is largely driven by institutional adoption, with ETFs and corporate buyers steadily pulling BTC off exchanges—a move often seen as bullish.
Since late 2023, exchange balances have fallen by roughly 1 million BTC, and the trend is picking up steam. More funds are issuing equity or debt to buy Bitcoin, tightening available supply and setting the stage for a potential breakout.
Here’s a chart from Yahoo Finance highlighting major corporate Bitcoin holders—led by Michael Saylor’s Strategy (MSTR) with nearly 581,000 BTC!
🏂 Weekly Market Moves
It was a quiet week for the MFG Crypto Portfolio. When Bitcoin enters a Stage 4 decline, I stay on the sidelines and wait for a clear Stage 1 accumulation setup. On the bright side, I collected some solid dividends from one of the MFG’s favorites—BITO (ProShares Bitcoin ETF)—which tracks the price of BTC and currently offers a hefty 56.95% yield!
BITO chart:
BITO is currently trading at $20.92, making it a cost-effective way to gain Bitcoin exposure in your portfolio. I look to accumulate shares of BITO every time a stage 1 accumulation zone presents itself.
In addition to my BITO dividends, I also continue to buy at least $10.00 worth of BTC every day regardless of price or stage. These small adds compound rapidly!
Coinbase is the MFG’s preferred crypto exchange, offering access to a wide range of tokens with as little as $1.00.
📜 Looking Ahead
Some key economic events to watch this week:
📅 Wednesday, June 11 – 7:30 AM CT
Core CPI m/m, CPI m/m, CPI y/y
These are key inflation readings. CPI (Consumer Price Index) measures how fast prices are rising across the economy.
Core CPI excludes food and energy (more stable view).
A hotter-than-expected reading = inflation is sticky → bearish for risk assets like BTC
A cooler reading = inflation easing → bullish for BTC
📅 Thursday, June 12 – 7:30 AM CT
Core PPI m/m, PPI m/m, Unemployment Claims
PPI (Producer Price Index) tracks inflation at the wholesale level—often a leading indicator for CPI.
Unemployment claims measure labor market strength.
Higher claims = weakening economy → potential rate cuts → BTC bullish
📅 Friday, June 13
Consumer Sentiment & Inflation Expectations
These gauge how confident people feel about the economy and what they expect inflation to do next.
Falling sentiment or rising inflation expectations could pressure markets.
A more optimistic outlook tends to be bullish for BTC and equities.
🎮 How We’re Playing It
If this bullish momentum continues, I’m looking to add to my BTC futures position on Coinbase.
The MFG’s go-to tools for trading Bitcoin are MSTX and futures contracts via the Coinbase Advanced platform. MSTX is a 2x leveraged MicroStrategy ETF that offers amplified exposure to one of the largest corporate holders of Bitcoin—perfect for traders looking to capture outsized moves when BTC trends.
Stay tuned for more on how we’re using Coinbase Advanced to trade not just BTC, but also Oil, Gold, and Silver!
📉 That’s a wrap for this week’s MFG Bitcoin Trade Report!
As always, I’m staying bullish and sticking to the Money Flow—something I recommend you keep doing too. Let the charts guide you, not emotions.
🎥 In case you missed it, check out the latest MFG Bitcoin Trade Report on YouTube:
Keep an eye on the Notes section—we’ll be posting chart updates and trade ideas as setups unfold.
Talk soon,
GP 🐼
Awesome report on BTC!! Should we add CEG to the MFG Utilities watchlist? 🤔 that BITO dividend was nice this past weekend!