Bitcoin News Alerts – Episode 2180

Date: November 28, 2025
Title: JPMorgan Caught Rigging the Game – 'Trump Trade' Blamed For Bitcoin Crash
Host: JV (Bitcoin News Alerts)

Episode Theme & Overview

In this episode, JV delivers a raw, unfiltered analysis of a turbulent week in Bitcoin: Bitcoin's worst November in seven years sparks debate as the price slumps below expectations, meanwhile, the host digs into claims of market manipulation by JP Morgan and unpacks how politics—especially the “Trump trade”—and institutional finance are influencing the entire crypto sector. Notably, the episode features sharp criticism of banking giants, in-depth technical analysis, coverage of the privacy debate raging in crypto, and a rousing call for Bitcoin sovereignty.

Key Segments, Insights & Quotes

1. Market Watch & Bitcoin Price Action

[01:00–09:29]

Recap of Bitcoin’s Volatile November:
- BTC down ~17% for the month, trading near $91,000.
- Noted: Worst November since 2018, despite historical Q4 seasonality.
- Recent price action: Trading in a tight range ($90,300–$92,000), just recovered from $80,000 lows.
- Technical levels: Resistance at $93,000–$96,600; key support $83,000–$85,000.
- Quote:
  “We were all hoping for the novemble, but unfortunately things changed and we had one of the worst Novembers we've ever seen, at least in the past seven years.” – JV [03:08]
- On low trading volume & sentiment:
  - Spot trading volume “very low,” 7-day average onchain transfer volume dropped 20% to $87B.
  - Bitcoin Fear & Greed Index: Extreme fear, reading 25 (up from lows of 10 recently).
  - Market “in a cool-down phase,” with investors waiting for a volume surge to break out above $100K.
Chart Review:
- 1hr chart: Target at $95,700 (inverted head & shoulders).
- Weekly/monthly: Consecutive red candles; the sentiment is “November has been pure bearish…” but there's “finally a green candle forming for the first time in five weeks.” [06:45]
- Quote:
  “We need to reclaim that 100,000 mark and the sooner we do that the better off we are. Pretty simple and plain.” – JV [08:22]

2. Hard Money vs Privacy – Crypto’s Privacy Debate

[10:47–15:47]

Seyfeddine Ammous (Author, 'The Bitcoin Standard') vs. Zcash Advocates:
- Ammous questions whether privacy is as important as sound monetary policy (“hard money”)—takes aim at Zcash's “trusted setup" and potential for non-transparent supply.
- Quote:
  “I'm not in any mood to get into these kind of stupid games.” – JV, paraphrasing Ammous’ skepticism [11:28]
- Helios co-founder rebuts: privacy and hard money are not mutually exclusive—a “false dichotomy.”
- Barry Silbert (Digital Currency Group) remembers when “all the hardcore bitcoiners cared about privacy… many still do.”
- Zcash’s Wilcox highlights real-world risks of Bitcoin’s transparency: Canadian trucker funds tracked by government.
Summary:
The segment shines a light on increasing “privacy fragmentation” between ‘hard money’ maximalists and privacy coin advocates, with growing concern over surveillance and seizure.

3. Bitcoin’s Brutal November & Positive 2026 Outlook

[15:48–18:59]

Historical Context:
- Worst monthly loss since 2019, trading near 91k, close to 2019's 18% November dip, but much less than 2018’s 36.5% drop.
- Historically, red Novembers lead to red Decembers, but JV is “optimistic”—citing “unprecedented times.”
- Analyst view: Early ETF euphoria shifted cycle timing; new year could see renewed rallies, or at least a reset for 'long-term HODLers'.
Technical markers:
- Eyes on monthly candle close above $93k for a bullish sign, $102k for “incredibly bullish.”

4. JPMorgan Accused of Rigging Bitcoin Market

[19:00–24:47]

JP Morgan’s Actions:
- Launching leveraged Bitcoin-backed notes, giving holders 1.5x exposure (profits/losses), launching Dec 2025.
- Community claims: JPM spreads FUD around MicroStrategy (Strategy), the biggest corporate BTC treasurer, while simultaneously copying their bond strategy for profit.
- Outcry: Accusations JPM wants to force liquidations & dominate passive flows by excluding treasury companies from major stock indexes.
Quote:
- “JP Morgan sells shares of MSTR, increases margin requirement from 50 to 95%, pushes strategies exclusion from the MSCI index, has a history of manipulating the Bitcoin price calls for the lower price waits for 35% draw down announces a bitcoin back bond… It’s an attack. As it always has been.” – JV, reading community comments [20:18]
Community Response:
- Boycott calls for JPMorgan, encouragement for Bitcoiners to close accounts and divest.
- Macro analyst Simon Dixon stated JPM’s product may “trigger the margin calls on the Bitcoin backed loans…[to] force sell pressure from Bitcoin treasury companies in down markets.” [20:02]
MSCI Index Exclusion:
- Excluding crypto-treasury firms blocks passive capital, increases sell pressure; seen as a power-play to marginalize BTC treasurers for JPM’s gain.

5. Arthur Hayes – Bitcoin Ready for $250,000 as ETF Basis Trade Dies

[24:47–28:06]

Arthur Hayes’ Macro Bull Thesis:
- US ETF flows mostly driven by leveraged basis trades, not pure institutional buying.
- Basis trade (long spot/ETF, short futures) unwound after October 10th mass liquidation—leading to apparent outflows/misinterpreted as bearishness.
- Once basis trade is gone and liquidity conditions improve: “That’s why I believe that the 80,000 dip on Bitcoin recently is the bottom.” [24:57]
- Predicts parabolic rally, “blowoff move into the 200 to 250,000 range by year end.”
  - “I'm going to stick with it. If I'm wrong, it doesn't matter. I'm long, right? I'm still happy either way.” – Arthur Hayes (Milk Road Show interview, paraphrased) [26:05]
Retail “misled” by ETF narratives:
- Biggest ETF holders are basis traders and not long-term BTC allocators, so misunderstood liquidity and flows caused unnecessary panic.
Contrast:
- Noted: Bloomberg’s Mike McGlone predicts possible correction to $10,000 (which JV calls “insane”).

6. Feature Story: Nobel Prize Economist Blames Trump Trade for Bitcoin Crash

[28:07–33:38]

Paul Krugman’s Analysis:
- Krugman claims BTC’s drop is tied to souring sentiment on Trump and ‘Trump trade’, especially his aggressive China tariffs.
- JV reviews: Trump went from “calling bitcoin a scam” to later supporting crypto in term two (e.g., pardoning Ross Ulbricht, launching NFTs).
- The October 10 True Social post (plans for 100% tariffs) triggered “biggest liquidation event in crypto history.”
  - Market lost $19B within hours; BTC and ETH took steep hits.
- Quote:
  - “Krugman argued that bitcoin's recent price action is increasingly tied to shifting expectation around the Trump political strength heading into the next election cycle… Bitcoin has become a Trump trade.” [29:57]
  - JV responds: “I don’t think just because someone is bullish on bitcoin doesn't mean they're necessarily bullish on Trump. Bitcoin trumps politics. How do you like those apples? I coined that one.” [30:26]
Community Reaction:
- JV questions Krugman’s data and motives, urging listeners to “take with a grain of salt” the claim that Bitcoin’s fate is tied to Trump and GOP fortunes.
- A rapid-fire, lively Q&A follows, mixing memes (“Trump dump, pump it up!”), defiance, and bitcoin maximalist commentary.

7. Listener Interaction & Bitcoin Anthem

[33:38–39:51]

Community Engagement:
- JV delivers a spoken word/rap tribute to Bitcoin’s resilience and sovereignty, highlighting personal meaning, faith, and the spirit of “stacking sats” through hard times.
- Poetic metaphors for Bitcoin’s journey—“this ain’t a stock, ain’t greed, ain’t a game… every loss, every name… seven years wandering, searching for the map”—echo themes of endurance and hope.
- Parable “The Tree That Bloomed Orange” closes the story: a gift (Bitcoin) given, nurtured in hardship, ultimately blessing future generations.
- Quote:
  - “Hold that pretty little bitty if you know about it or you are listening to this song, it's already your destiny. Stack.” [39:28]

Timestamps for Key Segments

| Timestamp | Segment Description | |------------|------------------------------------------------------------------| | 01:00 | Episode intro, worst November recap, market watch | | 03:08 | Bitcoin technical overview; support, resistance levels | | 09:48 | Start of crypto privacy debate: Hard Money vs. Privacy | | 15:48 | 2025 aftermath, outlook for 2026 | | 19:00 | JP Morgan accused of market manipulation, community outrage | | 24:47 | Arthur Hayes’ thesis: ETF basis trade, $250k BTC prediction | | 28:07 | Nobel economist Krugman blames Trump trade for BTC crash | | 33:38 | Listener Q&A, poetic Bitcoin anthem and parable | | 39:51 | Episode close |

Memorable Quotes

“We were all hoping for the novemble, but unfortunately things changed and we had one of the worst Novembers we've ever seen, at least in the past seven years.” – JV [03:08]
“If it can be seen, it can be seized.” – Privacy advocate (paraphrased by JV) [12:53]
“JP Morgan is now a direct competitor to Bitcoin treasury companies and has an incentive to marginalize companies like Strategy to promote its own [bond] product.” – JV [19:41]
“That’s why I believe that the 80,000 dip on Bitcoin recently is the bottom.” – Arthur Hayes [24:57]
“Bitcoin trumps politics. How do you like those apples? I coined that one.” – JV [30:26]
“Hold that pretty little bitty… it's already your destiny. Stack.” – JV (rap/anthem) [39:28]

Summary & Takeaways

Market analysis: Worst November in years has created fear but also opportunity; technicals point to crucial resistance/support; low volumes and weak sentiment but potential for sharp rally if $100k is reclaimed.
Privacy debate: The rift between sound money maximalists and privacy-first advocates (e.g., Zcash) is growing, with concern about surveillance rising.
JP Morgan controversy: Accusations of manipulation and anti-Bitcoin moves; their new structured notes may pressure key Bitcoin treasury companies, raising questions of Wall Street’s intentions in the space.
Arthur Hayes’ macro view: Institutional ETF flows were leverage-driven, not 'long' bullish; now that trade has unwound, he sees room for a liquidity-driven rally—potentially up to $250k by year end.
Political focus: Nobel laureate Paul Krugman’s “Trump trade” thesis links Bitcoin’s crash to flagging Trump optimism; JV and many listeners reject the narrative, renewing the call for Bitcoin as apolitical hard money.
Final message: Despite turbulence, the host champions perseverance, hope, and sovereignty, ending with a poetic tribute to the enduring promise of Bitcoin.

For More: Visit bitcoinnewsalerts.net for archives, live streams, and community Q&A.

Bitcoin News Alerts – Episode 2180

Date: November 28, 2025
Title: JPMorgan Caught Rigging the Game – 'Trump Trade' Blamed For Bitcoin Crash
Host: JV (Bitcoin News Alerts)

Episode Theme & Overview

Key Segments, Insights & Quotes

1. Market Watch & Bitcoin Price Action

[01:00–09:29]

Recap of Bitcoin’s Volatile November:
- BTC down ~17% for the month, trading near $91,000.
- Noted: Worst November since 2018, despite historical Q4 seasonality.
- Recent price action: Trading in a tight range ($90,300–$92,000), just recovered from $80,000 lows.
- Technical levels: Resistance at $93,000–$96,600; key support $83,000–$85,000.
- Quote:
  “We were all hoping for the novemble, but unfortunately things changed and we had one of the worst Novembers we've ever seen, at least in the past seven years.” – JV [03:08]
- On low trading volume & sentiment:
  - Spot trading volume “very low,” 7-day average onchain transfer volume dropped 20% to $87B.
  - Bitcoin Fear & Greed Index: Extreme fear, reading 25 (up from lows of 10 recently).
  - Market “in a cool-down phase,” with investors waiting for a volume surge to break out above $100K.
Chart Review:
- 1hr chart: Target at $95,700 (inverted head & shoulders).
- Weekly/monthly: Consecutive red candles; the sentiment is “November has been pure bearish…” but there's “finally a green candle forming for the first time in five weeks.” [06:45]
- Quote:
  “We need to reclaim that 100,000 mark and the sooner we do that the better off we are. Pretty simple and plain.” – JV [08:22]

2. Hard Money vs Privacy – Crypto’s Privacy Debate

[10:47–15:47]

Seyfeddine Ammous (Author, 'The Bitcoin Standard') vs. Zcash Advocates:
- Ammous questions whether privacy is as important as sound monetary policy (“hard money”)—takes aim at Zcash's “trusted setup" and potential for non-transparent supply.
- Quote:
  “I'm not in any mood to get into these kind of stupid games.” – JV, paraphrasing Ammous’ skepticism [11:28]
- Helios co-founder rebuts: privacy and hard money are not mutually exclusive—a “false dichotomy.”
- Barry Silbert (Digital Currency Group) remembers when “all the hardcore bitcoiners cared about privacy… many still do.”
- Zcash’s Wilcox highlights real-world risks of Bitcoin’s transparency: Canadian trucker funds tracked by government.
Summary:
The segment shines a light on increasing “privacy fragmentation” between ‘hard money’ maximalists and privacy coin advocates, with growing concern over surveillance and seizure.

3. Bitcoin’s Brutal November & Positive 2026 Outlook

[15:48–18:59]

Historical Context:
- Worst monthly loss since 2019, trading near 91k, close to 2019's 18% November dip, but much less than 2018’s 36.5% drop.
- Historically, red Novembers lead to red Decembers, but JV is “optimistic”—citing “unprecedented times.”
- Analyst view: Early ETF euphoria shifted cycle timing; new year could see renewed rallies, or at least a reset for 'long-term HODLers'.
Technical markers:
- Eyes on monthly candle close above $93k for a bullish sign, $102k for “incredibly bullish.”

4. JPMorgan Accused of Rigging Bitcoin Market

[19:00–24:47]

JP Morgan’s Actions:
- Launching leveraged Bitcoin-backed notes, giving holders 1.5x exposure (profits/losses), launching Dec 2025.
- Community claims: JPM spreads FUD around MicroStrategy (Strategy), the biggest corporate BTC treasurer, while simultaneously copying their bond strategy for profit.
- Outcry: Accusations JPM wants to force liquidations & dominate passive flows by excluding treasury companies from major stock indexes.
Quote:
- “JP Morgan sells shares of MSTR, increases margin requirement from 50 to 95%, pushes strategies exclusion from the MSCI index, has a history of manipulating the Bitcoin price calls for the lower price waits for 35% draw down announces a bitcoin back bond… It’s an attack. As it always has been.” – JV, reading community comments [20:18]
Community Response:
- Boycott calls for JPMorgan, encouragement for Bitcoiners to close accounts and divest.
- Macro analyst Simon Dixon stated JPM’s product may “trigger the margin calls on the Bitcoin backed loans…[to] force sell pressure from Bitcoin treasury companies in down markets.” [20:02]
MSCI Index Exclusion:
- Excluding crypto-treasury firms blocks passive capital, increases sell pressure; seen as a power-play to marginalize BTC treasurers for JPM’s gain.

5. Arthur Hayes – Bitcoin Ready for $250,000 as ETF Basis Trade Dies

[24:47–28:06]

Arthur Hayes’ Macro Bull Thesis:
- US ETF flows mostly driven by leveraged basis trades, not pure institutional buying.
- Basis trade (long spot/ETF, short futures) unwound after October 10th mass liquidation—leading to apparent outflows/misinterpreted as bearishness.
- Once basis trade is gone and liquidity conditions improve: “That’s why I believe that the 80,000 dip on Bitcoin recently is the bottom.” [24:57]
- Predicts parabolic rally, “blowoff move into the 200 to 250,000 range by year end.”
  - “I'm going to stick with it. If I'm wrong, it doesn't matter. I'm long, right? I'm still happy either way.” – Arthur Hayes (Milk Road Show interview, paraphrased) [26:05]
Retail “misled” by ETF narratives:
- Biggest ETF holders are basis traders and not long-term BTC allocators, so misunderstood liquidity and flows caused unnecessary panic.
Contrast:
- Noted: Bloomberg’s Mike McGlone predicts possible correction to $10,000 (which JV calls “insane”).

6. Feature Story: Nobel Prize Economist Blames Trump Trade for Bitcoin Crash

[28:07–33:38]

Paul Krugman’s Analysis:
- Krugman claims BTC’s drop is tied to souring sentiment on Trump and ‘Trump trade’, especially his aggressive China tariffs.
- JV reviews: Trump went from “calling bitcoin a scam” to later supporting crypto in term two (e.g., pardoning Ross Ulbricht, launching NFTs).
- The October 10 True Social post (plans for 100% tariffs) triggered “biggest liquidation event in crypto history.”
  - Market lost $19B within hours; BTC and ETH took steep hits.
- Quote:
  - “Krugman argued that bitcoin's recent price action is increasingly tied to shifting expectation around the Trump political strength heading into the next election cycle… Bitcoin has become a Trump trade.” [29:57]
  - JV responds: “I don’t think just because someone is bullish on bitcoin doesn't mean they're necessarily bullish on Trump. Bitcoin trumps politics. How do you like those apples? I coined that one.” [30:26]
Community Reaction:
- JV questions Krugman’s data and motives, urging listeners to “take with a grain of salt” the claim that Bitcoin’s fate is tied to Trump and GOP fortunes.
- A rapid-fire, lively Q&A follows, mixing memes (“Trump dump, pump it up!”), defiance, and bitcoin maximalist commentary.

7. Listener Interaction & Bitcoin Anthem

[33:38–39:51]

Community Engagement:
- JV delivers a spoken word/rap tribute to Bitcoin’s resilience and sovereignty, highlighting personal meaning, faith, and the spirit of “stacking sats” through hard times.
- Poetic metaphors for Bitcoin’s journey—“this ain’t a stock, ain’t greed, ain’t a game… every loss, every name… seven years wandering, searching for the map”—echo themes of endurance and hope.
- Parable “The Tree That Bloomed Orange” closes the story: a gift (Bitcoin) given, nurtured in hardship, ultimately blessing future generations.
- Quote:
  - “Hold that pretty little bitty if you know about it or you are listening to this song, it's already your destiny. Stack.” [39:28]

Timestamps for Key Segments

Memorable Quotes

“We were all hoping for the novemble, but unfortunately things changed and we had one of the worst Novembers we've ever seen, at least in the past seven years.” – JV [03:08]
“If it can be seen, it can be seized.” – Privacy advocate (paraphrased by JV) [12:53]
“JP Morgan is now a direct competitor to Bitcoin treasury companies and has an incentive to marginalize companies like Strategy to promote its own [bond] product.” – JV [19:41]
“That’s why I believe that the 80,000 dip on Bitcoin recently is the bottom.” – Arthur Hayes [24:57]
“Bitcoin trumps politics. How do you like those apples? I coined that one.” – JV [30:26]
“Hold that pretty little bitty… it's already your destiny. Stack.” – JV (rap/anthem) [39:28]

Summary & Takeaways

Market analysis: Worst November in years has created fear but also opportunity; technicals point to crucial resistance/support; low volumes and weak sentiment but potential for sharp rally if $100k is reclaimed.
Privacy debate: The rift between sound money maximalists and privacy-first advocates (e.g., Zcash) is growing, with concern about surveillance rising.
JP Morgan controversy: Accusations of manipulation and anti-Bitcoin moves; their new structured notes may pressure key Bitcoin treasury companies, raising questions of Wall Street’s intentions in the space.
Arthur Hayes’ macro view: Institutional ETF flows were leverage-driven, not 'long' bullish; now that trade has unwound, he sees room for a liquidity-driven rally—potentially up to $250k by year end.
Political focus: Nobel laureate Paul Krugman’s “Trump trade” thesis links Bitcoin’s crash to flagging Trump optimism; JV and many listeners reject the narrative, renewing the call for Bitcoin as apolitical hard money.
Final message: Despite turbulence, the host champions perseverance, hope, and sovereignty, ending with a poetic tribute to the enduring promise of Bitcoin.

For More: Visit bitcoinnewsalerts.net for archives, live streams, and community Q&A.

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2180: JPMorgan Caught Rigging the Game – 'Trump Trade' Blamed For Bitcoin Crash

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Summary

Bitcoin News Alerts – Episode 2180

Episode Theme & Overview

Key Segments, Insights & Quotes

1. Market Watch & Bitcoin Price Action

2. Hard Money vs Privacy – Crypto’s Privacy Debate

3. Bitcoin’s Brutal November & Positive 2026 Outlook

4. JPMorgan Accused of Rigging Bitcoin Market

5. Arthur Hayes – Bitcoin Ready for $250,000 as ETF Basis Trade Dies

6. Feature Story: Nobel Prize Economist Blames Trump Trade for Bitcoin Crash

7. Listener Interaction & Bitcoin Anthem

Timestamps for Key Segments

Memorable Quotes

Summary & Takeaways

Summary

Bitcoin News Alerts – Episode 2180

Episode Theme & Overview

Key Segments, Insights & Quotes

1. Market Watch & Bitcoin Price Action

2. Hard Money vs Privacy – Crypto’s Privacy Debate

3. Bitcoin’s Brutal November & Positive 2026 Outlook

4. JPMorgan Accused of Rigging Bitcoin Market

5. Arthur Hayes – Bitcoin Ready for $250,000 as ETF Basis Trade Dies

6. Feature Story: Nobel Prize Economist Blames Trump Trade for Bitcoin Crash

7. Listener Interaction & Bitcoin Anthem

Timestamps for Key Segments

Memorable Quotes

Summary & Takeaways