Dear reader,
Most investors wait for the government press conference.
I follow the money before the cameras show up.
And the money trail now leads straight to one tiny nickel stock.
Its U.S. platform has already been selected for $135.4 million in disclosed federal grants: $114.8 million tied to a domestic processing facility and another $20.6 million supporting exploration in Minnesota and Michigan.
That is not a prediction. That’s money already disclosed.
The next step is my forecast: I believe Washington could eventually go further and take an equity stake.
It may never happen. But the U.S. has already shown it is willing to put taxpayer capital directly into strategic mineral companies. And this company now controls the only primary nickel mine operating in America.
Meanwhile, Tesla has locked in a six-year supply agreement, and America remains dangerously exposed to foreign nickel supply.
Russia, China, and Indonesia have leverage because the United States allowed its domestic pipeline to wither.
This little company is one of the few credible ways to fight back.
That’s why I bought 10,000 shares before any equity announcement.
I am not promising Washington will buy in. I am saying the grants, the operating mine, the Tesla agreement, and the strategic pressure form a setup I refuse to ignore.
Click here to learn more about the $5 nickel stock I believe Washington could target next.
Yours for peace, prosperity, and liberty, AEIOU,
Dr. Mark Skousen
Macroeconomic Strategist, The Oxford Club
P.S. Washington has already backed this platform with $135.4 million in disclosed grants.
If an equity stake comes next, I believe a stock this small could move violently.
I refuse to wait for the press conference.
Click here to reveal details on what I bought before Washington makes its next move.
Bitcoin Lost $5,000 in an Hour. The Nasdaq Wrote the Script.
Thursday’s session handed active traders a master class in a dynamic that keeps repeating itself: Bitcoin is not a hedge. It is, at its current price structure, a levered expression of risk appetite in technology stocks. Until that changes, traders who hold BTC as portfolio insurance are misreading the asset.
What Happened
U.S. technology stocks led Wall Street lower as investors grew increasingly concerned about elevated valuations and the sustainability of massive AI infrastructure investments. The Nasdaq fell 5.5%, which intensified selling across speculative assets, with cryptocurrencies particularly vulnerable to the sudden shift in sentiment.
Bitcoin fell from about $78,767 to $75,986 within an hour on November 5, after the chip stock selloff pushed the Nasdaq down sharply. It traded as low as roughly $75,568 intraday. The drop erased about $140 billion from the total crypto market cap.
XRP took the worst of it among the majors: XRP fell about 9.8% over 24 hours to roughly $1.18, its weakest level since August 22, after a short-lived rebound to $1.35. XRP was the weakest performer among the largest 30 altcoins during the selloff, according to CryptoPotato.
Why It Happened
The price drop itself was not the whole story. Two structural forces amplified a move that could have been contained.
First, leverage. CoinGlass data showed roughly 210,000 traders were liquidated over 24 hours, with about $954 million in longs wiped out versus roughly $127 million in shorts. That asymmetry tells you exactly who was caught: the market was overwhelmingly positioned for continuation higher. When Bitcoin broke below key support, those forced long closures created a second wave of selling that had nothing to do with fundamental reassessment.
Second, the ETF channel. US spot Bitcoin ETFs recorded about $430 million in net outflows on November 5, reversing the previous session’s inflow as investors pulled capital from the category. Fidelity’s Wise Origin Bitcoin Fund recorded about $199.9 million in net outflows, the largest single source of Bitcoin ETF withdrawals during the session. Thursday ended that brief reprieve.
Coinbase and Strategy shares both fell about 9% on the day, confirming that the selloff extended cleanly across the entire crypto ecosystem, from the underlying coins to the publicly traded equities built around them.
Coinbase’s single-session drop is a reminder that its revenue model remains tightly coupled to crypto trading volumes. Coinbase’s subscription and stablecoin revenue lines were already being tested as a buffer against exactly this kind of volume shock.
How Professionals Might View It
The correlation data here is not subtle. Bitcoin fell sharply as the Nasdaq slide triggered a broader risk reset. A disciplined trader looks at that alignment and draws one conclusion: when the Nasdaq sneezes at this magnitude, Bitcoin does not diversify a portfolio, it compounds the drawdown.
The liquidation breakdown reinforces another professional principle. Over $1 billion in crypto positions were liquidated within 24 hours, with the bulk coming from long bets. Crowded positioning rarely announces itself until the exit is blocked. The move from about $78,767 to $75,986 in a single hour was not driven by sellers who changed their minds on Bitcoin’s fundamentals. It was driven by margin calls on people who had already expressed a bullish view with borrowed money.
This fits a pattern that has repeated across the past year: a fast, deep drawdown followed by a wave of forced selling in the derivatives market. Professionals who recognized the pattern had already reduced exposure or were positioned on the short side of the derivatives book.
What Comes Next
Traders are watching support in the $75,600 to $76,000 zone, near Thursday’s intraday low. If Bitcoin fails to consolidate above that range and weakness persists on Wall Street, selling volume could push prices toward lower ranges. A rebound in traditional stock indexes could support price stabilization in upcoming sessions.
The broader context matters too. The selloff left the total value of all crypto assets at approximately $2.53 trillion. That is still above the roughly $2.37 trillion level the market touched during a comparable selloff on June 3, 2026. That prior low is the structural floor traders need to monitor.
The Trader’s Lesson
Leverage amplifies in both directions, but it only forces selling in one. When most liquidated positions are longs, the market is telling you something specific about crowding. Before sizing into any position, ask where the forced sellers will come from if you are wrong. In a market this levered to Nasdaq momentum, that question answers itself quickly.