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Pleb UnderGround

Our Bull Run Was Suppressed!

6/16/2026 · 47 min · transcript via whisper

Tags

Key topics

Bull run suppression thesis and six-month price target of 94,000 from the liquidity pulse model

Mining difficulty dropping 9.55% dismissed as a "nothing burger" and not indicative of fundamental weakness

Michael Saylor following Ethena Labs, sparking speculation about potential business relationships and yield-bearing stablecoin products

BlackRock's iShares Bitcoin Premium Income ETF (BITA) launching with 15–25% annual yield and 0.25% management fee

UK ban on social media for under-16s framed as paternalistic overreach masking systemic incentive failures

Technical analysis using various models (Gann beams, gold-copper ratios, power law) showing bullish divergences and support levels

Market & price signals

Bitcoin fiat exchange rate at 65,721. New all time high on block height 9,953,970. Lightning network public capacity at 4,844 BTC. Transaction fees at 1 sat per byte. Bitcoin holdings represent 16% of median US house price. Mining difficulty adjustment expected to drop 9.55%. Charts showing closure above 200-week moving average, bullish divergences locked in, and positioning above 10-year support lines. Three-X target from Gann beams would reach just under 200,000.

Actionable insights

Recognize that technical models (beams, ratios, divergences) are entertainment-grade tools, not predictive guarantees—stack and hodl rather than overweighting charting signals. Understand the UK's social media ban as a symptom of broken monetary incentives destroying the atomic family, not a solution; personal responsibility and parenting matter more than regulatory Band-Aids. Monitor whether Saylor's Ethena Labs follow signals broader business development around yield-bearing assets, since platform adoption pressure may shift competitive dynamics away from custody-focused Bitcoin products.

Episode sponsorships

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