sport football: [Project 938]: Your Access Link

June 24, 2026

Dear Digital Asset Daily Reader,

Big T is about to reveal why he believes Wall Street has been quietly rigging the crypto market.

And the stakes couldn't be higher.

For two years, every rally has been crushed and every breakout reversed, and Big T believes he's finally uncovered why: a scheme he calls the Extraction Cycle, run by proprietary traders pulling profits straight out of regular investors' accounts.

If you've been losing in crypto, tonight you'll understand it was never your fault.

Join Big T tonight because he and a former institutional trader he calls "the billion-dollar prodigy" are going to expose exactly how the Extraction Cycle works, and show you how to flip it into a profit cycle.

This is a man who turned $25,000 into $726,000 in about two years trading his own account, and tonight he's revealing how everyday investors can do the same, no matter what the market is doing.

» JOIN BIG T AT BIGTPROJECT938.COM «

We're kicking things off right at 8 pm ET.

Regards,

Tiwari Research Group

P.S. If you join Big T tonight, you'll be first to receive his new report the moment it's released: The No. 1 "Buy and Hold" Coin for the Next Bull Run. If he could own just one coin for what's coming, this is the one.

In case you missed it, here’s Big T’s Digital Asset Daily

I’ve been covering crypto since 2016, when I recommended bitcoin at around $400-and-change and Ethereum at $9.

I’ve lived through the 2018 Crypto Winter, the 2020 COVID crash, and the 2022 FTX implosion. I know what a brutal crypto cycle looks like.

What I’ve been watching for the past two years is something different.

Every time bitcoin starts gaining traction, it immediately pulls back. Every time bitcoin spikes, it reverses within days.

Bitcoin hit a record high of $126,000 last year, and instead of the euphoria that followed every previous cycle, the price dropped the moment it touched new territory. There was no momentum or follow-through. The ceiling just kept resetting lower.

The pattern hasn’t stopped. As recently as May 2026, we saw the same thing happen. Bitcoin hit $82,000 to only get slammed lower to $60,000 in just 10 trading days on no news.

Even for bitcoin that type of volatility is strange. And as bitcoin goes, so do the altcoins.

If you’ve been losing money in crypto over the past two years, it’s not because you’re doing something wrong.

What I’m about to walk you through will show you exactly why. It’s going to explain all of the frustration you’ve been carrying.

The First Sign Something Was Wrong

Let me take you back to March 2024, because that’s where this story really starts for me.

Bitcoin had just broken its 2021 all-time high for the first time in three years. We touched $73,750.

I’ve been in this market for over a decade, and I know what that moment is supposed to feel like. Every previous cycle, we’d see euphoria as retail buyers rushed in. Momentum builds. The follow-through lasts weeks. It’s one of the most reliable patterns in crypto.

This time, the moment we touched that level, bitcoin got slammed. Hard. We didn’t even get one full trading day to enjoy the new high before the selling started.

I remember sitting with that feeling and trying to make sense of it. I figured it was profit-taking or institutional repositioning.

I told myself the follow-through would come. It never did.

By August 2024, bitcoin had been driven all the way back down to around $54,000. And here’s what I keep coming back to about that move. There was no news.

There was no catalyst I could point to and say, “OK, that’s why this happened.” No exchange collapse, no regulatory shock, no black swan event that would explain a drawdown of that magnitude.

The market just kept falling slowly and relentlessly. I chalked it up to post-halving consolidation.

Then President Trump won the election in November 2024, and the rally that followed felt like everything was back on track. By January 20, 2025, bitcoin was trading at $109,356, a new all-time high by a margin that should have felt historic.

I was looking for the same thing I’d looked for in March 2024. The rocket-ship follow-through that should have come then and didn’t. I told myself this time would be different. We were at a new high by a wide margin.

The macro backdrop was the best crypto had ever seen. We had a crypto-friendly administration and the most favorable regulatory environment in history. If the wave was going to come, it was going to come now.

It never came.

Within weeks, bitcoin had crashed below $80,000, a nearly 30% drop from the highs. And when I looked at how it happened, the pattern was the same as before.

No news drove it. No catalyst explained it. The selling came at the same time of day. It hit the same kinds of positions. It was too consistent to be random.

I’ve been covering markets long enough to recognize when they’re not behaving the way they’re supposed to, something else is afoot. Something that begins to smell like coordination. Some folks call it manipulation.

This was the second time I’d seen the pattern. I started keeping notes.

The Fishiest Move I’ve Ever Seen

Then came what I consider the most suspicious price action of my entire career in this space.

In October 2025, bitcoin ripped past $126,000. A new all-time high. The kind of move in any previous cycle would have triggered a wave of mainstream coverage, retail FOMO, and a run that lasted weeks.

Instead, bitcoin closed that same day at $117,000 and went into freefall. There was no blowoff top or spectacular run. Just a ceiling that appeared out of nowhere at the exact moment the market should have been breaking free.

Then the relentless grind lower began again.

I’ve seen enough cycle tops to know what exhaustion looks like. This wasn’t exhaustion. This was something being actively managed. And I was determined to figure out what.

The Players Have Changed

When I first got into crypto in 2016, the dominant players were the early bitcoin whales.

These were folks who saw what bitcoin could become, and they put everything they had behind what was just a wild idea. They understood what bitcoin was built to be. Sound money that couldn’t be printed into oblivion by a government.

Say what you want about them, but they bootstrapped this asset class into existence. The folks running the daily trading today couldn’t be more removed from that ethos.

What I have come to find out is that the original group of true believers has been steadily replaced by Wall Street’s proprietary trading desks. And they have nothing in common except the asset they’re trading.

A prop trader doesn’t trade on behalf of clients. He trades with his firm’s own capital, chasing short-term profits by any means available. He has no attachment to bitcoin’s long-term story. He doesn’t care about the halving cycle or the monetary thesis.

He cares about where the price is going in the next 30 minutes.

And here’s what makes this different from every other market these prop desks have ever operated in.

In January 2024, the SEC approved spot bitcoin ETFs, opening a new regulated channel through which a handful of firms could create and redeem ETF shares tied to actual bitcoin. At launch, those transactions ran through cash.

But in July 2025, the SEC changed the rules. It allowed authorized participants to exchange ETF shares directly for bitcoin, bypassing the open market entirely. I’m not talking about cash equivalents or futures contracts. I’m talking about actual bitcoin.

For the world’s largest bitcoin ETF, Blackrock’s IBIT, only four firms hold that authorization.

Before July 2025, retail traders were at least competing in the same market as everyone else. After it, the firms with direct pipeline access to the ETF moved into the driver’s seat.

What the Data Shows

By late 2025, U.S. spot bitcoin ETFs held roughly 1.3–1.4 million BTC, representing about 6% of the circulating bitcoin supply. BlackRock’s IBIT alone accounts for roughly half the ETF market. These are not small positions.

This is a market that has been fundamentally reshaped by institutional trading in less than two years.

And the data from that period shows something I couldn’t explain.

According to an analysis published by CoinDesk in November 2025, nearly all of bitcoin’s losses that month occurred during U.S. trading hours.

During Asian hours, bitcoin drifted or stabilized. During the European session, it softened slightly. The moment U.S. equity markets opened, it absorbed almost all of its losses for the day.

Bitcoin is a 24-hour global market. It has always been. It’s not obvious why a global asset would consistently lose most of its value during one country’s trading session.

Could it be that the participants with the greatest access to liquidity and ETF infrastructure are concentrated in that trading window?

It certainly looks that way, doesn't it?

What I do know for sure is this: After July 2025, the SEC allowed a handful of authorized participants to move actual bitcoin directly in and out of ETFs. The BTC creation and redemption process is centered in U.S. markets.

All of this fishy trading appeared to swirl around a particular point in the trading day.

The 10 a.m. Takedown

Around 10 a.m. Eastern, right after U.S. stock markets opened, bitcoin would come under heavy selling pressure. Every single morning.

The price would drop sharply within minutes, triggering stop-losses and liquidating leveraged retail positions. Then the market would recover, often within the same hour, as if nothing had happened.

In December 2025 alone, this sequence played out on the 1st, the 5th, the 8th, the 10th, the 12th, and the 15th.

On each of those six days, bitcoin fell from $89,700 to $87,700 within minutes before recovering. One of those sessions wiped out $171 million in long positions before the market bounced back within the hour. Traders started calling it the “10-Point Strike.”

I want you to understand the mechanics of what happens in that sequence.

The price drops fast enough to trigger your stop-loss or blow out your leveraged position. You sell. They buy. The price recovers. They just bought at the price they manufactured, and you were the exit.

I was confused at first. Then I was angry. Then I was determined to understand exactly what was going on.

A Truth So Ugly It Will Turn Your Stomach

I started pulling court filings. I talked to contacts inside the industry. I went through trading data going back two years. What I found changed the way I look at everything that has happened in this market since January 2024.

I'm still processing the full scope of what I found. But I can tell you this much: it goes deeper than one firm and one morning pattern. There appears to be a network of institutional players running coordinated variations of this same strategy across the crypto market.

It’s systematic and almost completely invisible to anyone who doesn't know what to look for.

Friends, I want you to sit with a number for a moment before I tell you what I’ve decided to do about all of this.

While everyday crypto investors have been grinding through two years of what looks like manufactured volatility, one firm alone paid its traders $9.38 billion last year. Per employee, that’s nearly 7x what Goldman Sachs pays.

Those numbers come from the firm’s own financial disclosures. A $1.5 trillion crypto market does not produce $9.38 billion in trading profits for one firm unless that firm is doing something retail traders cannot do.

The money had to come from somewhere. You’ve been watching it leave your account one flash crash at a time.

I’ve given this investigation a name. You’ll understand exactly why the moment I say it.

And tonight, Wednesday, June 24, at 8 p.m ET, I’m going public with everything I’ve found: who is behind this, how it works, and more importantly, how to use what I’ve learned to beat these players at their own game.

I need one evening of your time to arm you with all you need to start winning at crypto again. Because once you understand how their game works, you can turn it against them and start making money hand-over-fist in crypto like you used to.

Everyone who registers will also receive my special report, The No. 1 “Buy and Hold” Coin for the Next Bull Run, at no charge.

Let the Game Come to You!

Big T

P.S. When I realized the game had changed, I had a choice. I could pretend I still had all the answers, or I could go get them. So I went behind enemy lines.

I recruited one of Wall Street’s top proprietary traders, a young man who made over $4 million in a single year at one of the biggest institutional trading firms on the planet. He just walked away from that world and brought their playbook with him. I’ll introduce him in a few days.