In this episode, Nik breaks down the latest global macro developments driving Bitcoin’s price action and Treasury market conditions. He explores major trade news out of Europe and China, the U.S. agenda to rebalance global trade through weapons exports, and what a new regulatory change means for U.S. bank demand for Treasuries. Nik explains the Fed’s SLR update, Treasury repo mechanics, and why regulatory shifts are designed to reduce foreign reliance on U.S. debt. The update also covers the U.S.–China AI race, Bitcoin mining competitiveness, and a detailed technical look at Bitcoin’s current consolidation trend.

Links to Articles:

• https://www.cnbc.com/2025/06/27/trump-plans-executive-orders-to-power-ai-growth-in-race-with-china.html
• https://www.scmp.com/news/china/article/3316128/china-and-us-finalise-trade-deal-global-conflict-risk-warning-scmp-daily-highlights
• https://www.cnbc.com/2025/06/27/nato-defense-deal-to-rebalance-eu-us-trade-relations-antonio-costa.html
• https://www.zerohedge.com/markets/55tn-balance-sheet-capacity-unlocked-assessing-impact-slr-changes-big-banks

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Nik Bhatia's Twitter: https://twitter.com/timevalueofbtc
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