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# ALERT: Bitcoin Is Down 35% And Nothing Followed It
- URL: https://bareeconomy.ghost.io/alert-bitcoin-is-down-35-and-nothing-followed-it/
- Published: 2026-10-20T14:50:02.000Z
- Updated: 2026-10-20T14:50:02.000Z
- Description: Soaring interest rates, 50% insurance spikes, and rent control caps are freezing out individual housing investors while politicians claim to solve affordability.
- Author: Brook Vance
- Tags: Newsletter, #Migrated-1785857905698, #Import 2026-08-04 15:39

Bloomberg says that’s a warning. Fidelity says it’s a buying zone. Same chart, opposite nouns, neither one carries a date.

---

## JUST IN: THE INDICATOR WENT OFF AND NOBODY MOVED

Driver two stools down had his phone face-up on the counter, a red candle chart on it, and the particular stillness of a man who already knows the number. He bought at a hundred and six.

Meanwhile the S&P is sitting near record highs and gold has had a decent year.

That gap is the only story here.

![](https://storage.ghost.io/c/cd/fb/cdfb58c0-652d-463c-a766-e899e4b817ba/content/images/2026/10/bare-economy-divergence.png)

One asset down a third from its high. Two others near the top of their range. They used to move together.

---

## [**WARNING: This Tesla Footage Could Shock You (AD)**](https://clkgrid.com/6a214fef877037506f2818af?email=not%5Ftracked&domain=327TBEG&type=SA&product=PBRTH634&ref=bareeconomy.ghost.io)

[![](https://storage.ghost.io/c/cd/fb/cdfb58c0-652d-463c-a766-e899e4b817ba/content/images/2026/10/img-1---2026-10-20T164657.407.jpg)](https://clkgrid.com/6a214fef877037506f2818af?email=not%5Ftracked&domain=327TBEG&type=SA&product=PBRTH634&ref=bareeconomy.ghost.io)

I just watched Tesla’s newest self-driving footage...  
  
The car was heading straight toward a dealership [**with nobody behind the wheel.**](https://clkgrid.com/6a214fef877037506f2818af?email=not%5Ftracked&domain=327TBEG&type=SA&product=PBRTH634&ref=bareeconomy.ghost.io)  
  
At first, everything looked completely normal.  
  
Then it arrived...  
  
And what happened next caught me completely off guard.  
  
[**Click here to watch the footage yourself**](https://clkgrid.com/6a214fef877037506f2818af?email=not%5Ftracked&domain=327TBEG&type=SA&product=PBRTH634&ref=bareeconomy.ghost.io)

---

## THE BREAKDOWN: WHAT THE TWO MEN ACTUALLY SAID

**1\. Mike McGlone at Bloomberg Intelligence thinks the move is a warning shot.** His argument is mechanical, not mystical. Bitcoin has no earnings, no coupon, no cash flow. It is priced on liquidity and nothing else. So when money gets more expensive, it should move first and move hardest. He reads the 50-week moving averages as Bitcoin “rolling over from an extended plateau,” the same shape it made in 2018 and 2022, and he has called it a leading indicator for risk assets since 2009.

**2\. His own data undercuts him, and he says so.** In the earlier crypto bear markets, stocks and metals came along. This time the S&P, the Bloomberg all-metals index and copper have not followed. He puts the question plainly in his own note: is Bitcoin issuing a warning, or a false signal? A strategist asking that out loud is being more honest than the headlines carrying his name.

**3\. The $10,000 number is conditional and is being reported as a forecast.** McGlone’s actual claim is that **if** the S&P falls roughly 20%, forced liquidation of leveraged positions drags Bitcoin toward about $10,000, which he treats as its historical liquidity anchor. That is a consequence of a stock market crash, not a prediction of one. Strip the condition and you have a different and much dumber statement, which is the version circulating.

**4\. Jurrien Timmer at Fidelity is looking at the same chart and calling it the floor.** Fidelity’s director of global macro says a new four-year-cycle bull market may already be underway on power-law patterns, and puts the current reading in what Fidelity calls its accumulation zone. His tell is the one worth keeping: there is no clean narrative for why it would rally. He argues bull markets rarely start with one.

---

## [**Wall Street Legend: “Global Market Freeze Coming” (AD)**](https://clkgrid.com/6ac67f8d8168647294de4945?email=not%5Ftracked&domain=327TBEG&type=SA&product=WSQZ2&ref=bareeconomy.ghost.io)

According to Wall Street legend Dr. Martin D. Weiss, there's a [**$3 trillion disaster in the making**](https://clkgrid.com/6ac67f8d8168647294de4945?email=not%5Ftracked&domain=327TBEG&type=SA&product=WSQZ2&ref=bareeconomy.ghost.io) in the markets, and it could have a sizable impact on your wealth.  
  
"***The crisis that's emerging now is just the tip of the iceberg***," says Dr. Weiss, who has made shocking and accurate predictions for 55 years, including predicting the Dot-Com collapse and the implosion of Fannie Mae, Bear Stearns and Lehman Brothers in the 2000s.

[![](https://storage.ghost.io/c/cd/fb/cdfb58c0-652d-463c-a766-e899e4b817ba/content/images/2026/10/wejfhqewu.jpg)](https://clkgrid.com/6ac67f8d8168647294de4945?email=not%5Ftracked&domain=327TBEG&type=SA&product=WSQZ2&ref=bareeconomy.ghost.io)

*The New York Times* has credited Weiss as being "***the first to see the dangers***." Forbes called him "***Mr. Independence***." His contributions have been recognized by the U.S. Government Accountability Office.  
  
"***The biggest danger is not just another stock market crash***," he continues. "***The biggest danger is not only a major bank failure. Rather, it's a chain reaction of crashes and failures that could cause a global freeze in the financial markets***," adds Weiss.  
  
The tip of this iceberg? It's already emerging and impacting perhaps thousands of investment accounts across America.  
  
Weiss, who has testified in front of Congress, says there are [**five specific steps every American must consider making with their money, before it's too late.**](https://clkgrid.com/6ac67f8d8168647294de4945?email=not%5Ftracked&domain=327TBEG&type=SA&product=WSQZ2&ref=bareeconomy.ghost.io)  
  
**"** ***When the system freezes, nothing works. Virtually everything shuts down. Companies cannot make payroll. Banks cannot meet their daily obligations. Even the Federal Reserve cannot fix it without massive, Herculean efforts*."**  
  
Weiss is doing everything he can to warn the public while there's still time to prepare, including issuing press releases and reaching out to media outlets.  
  
In fact, Dr. Weiss has urged us to post a brand-new, urgent warning on our public website …  
  
[**You can access his video message — free of charge — when you click here.**](https://clkgrid.com/6ac67f8d8168647294de4945?email=not%5Ftracked&domain=327TBEG&type=SA&product=WSQZ2&ref=bareeconomy.ghost.io)  
  
Sincerely,  
  
Eliza Lasky  
Weiss Advocate

---

## THE FRICTION: ONE CHART, TWO NOUNS

![](https://storage.ghost.io/c/cd/fb/cdfb58c0-652d-463c-a766-e899e4b817ba/content/images/2026/10/bare-economy-two-nouns.png)

Nobody in this argument disputes the number. They dispute what to call it. A plateau that breaks down and a base that gets accumulated look identical in real time and are only named afterward.

That is not a knock on either man. It is the actual epistemic state, and dressing it up as a forecast is where readers get hurt.

---

## [**Trump’s Bold Stand Against Zelenskyy: The World Is Watching (AD)**](https://clkgrid.com/67efd35ed1a3548d8f9a4fdb?email=not%5Ftracked&domain=327TBEG&type=SA&product=BTMA639&ref=bareeconomy.ghost.io)

In a surprising twist, [**Trump takes a bold stand against Zelenskyy**](https://clkgrid.com/67efd35ed1a3548d8f9a4fdb?email=not%5Ftracked&domain=327TBEG&type=SA&product=BTMA639&ref=bareeconomy.ghost.io) in a shocking statement that’s taking the world by storm.  
  
[**Why is Trump calling out Zelenskyy? What does this mean for the future of global peace and America’s role in international politics?**](https://clkgrid.com/67efd35ed1a3548d8f9a4fdb?email=not%5Ftracked&domain=327TBEG&type=SA&product=BTMA639&ref=bareeconomy.ghost.io)

![](https://storage.ghost.io/c/cd/fb/cdfb58c0-652d-463c-a766-e899e4b817ba/content/images/2026/10/btma639gt1--1-.png)

This unexpected move is sparking debates and could have major consequences for diplomatic relations, the economy, and the ongoing conflict in Ukraine.  
  
[**Click HERE**](https://clkgrid.com/67efd35ed1a3548d8f9a4fdb?email=not%5Ftracked&domain=327TBEG&type=SA&product=BTMA639&ref=bareeconomy.ghost.io) to uncover the reasons behind Trump’s stance and what it means for you.  
  
**P.S.** Trump’s stance on Ukraine could lead to major shifts in global policies and markets. Stay ahead and protect your interests.

---

## THE MACRO EXTRACTION

Here is the part that matters whether or not you own any of this.

The Fed raised to 3.75–4.00% in September, its first hike since 2023, and meets again October 27 and 28\. Markets put a hold at roughly 84%. The dot plot still carries one more this year.

I spent September writing about the Fed hiking into an oil shock. I spent last week on the ten-year at 5.36%. The through-line is one sentence: money got more expensive and everything with a price is being remarked against it.

Bitcoin is just the asset with nothing underneath it to argue back. No earnings to grow into the rate, no rent roll, no coupon. When liquidity tightens it has no defence. That is why McGlone watches it first, and the logic is sound even if the signal has now been firing for a year with nothing behind it.

The driver with the red chart doesn’t need the Fed explained to him. His truck note reprices in March.

Retail sentiment on this, for what it is worth, went from bearish to extremely bearish last week while the volume of people talking about it stayed low. That combination usually means the people left holding have stopped posting about it.

Two professionals read the same line and saw opposite futures. Neither put a date on it. The rate that is squeezing all of it has a date, and it is eight days out.

— Brook

*The Bare Economy. From the road. For the road.*

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