Bitcoin Fortress Podcast Show Notes — Episode 187 Recorded: Sunday, October 26, 2025 Block height: 920,915 | Moscow Time: 880 | Fees: 1/1/1 sats/vB Featured Substack Post Bitcoin Fortress Episode 4: How to Use Bitcoin — Read at: https://open.substack.com/pub/bitcoinfortress/p/bitcoin-fortress-episode-4-how-to Also, check out my books: Bitcoin Fortress: A Simple Guide to Bitcoin for Beginners Bitcoin Retirement and Estate Planning The Bitcoin Lifestyle Follow me on Nostr: npub122fpu8lwu2eu2zfmrymcfed9tfgeray5quj78jm6zavj78phnqdsu3v4h5 Market Action & Flows Spot ETF inflows rebound (~$446 M) etc. — Dashboard: Farside Investors Farside CoinShares weekly outflows (BTC −$946 M; alts green)  Whipsaw price action / ~$657 M liquidations on Oct 22 — “Crypto Sell-Off: $320M Liquidations as Bitcoin Falls Below $108K” (CoinDesk) CoinDesk StanChart sub-$100k flush possibility  “Uptober” wobble — seasonality stress  Institutions, Products & Market Structure FalconX to acquire 21Shares — Reuters coverage  Capitol Hill push for market-structure bill CoinShares dashboard reference — Farside Investors flow data Farside ETF flow tracker dispersion (IBIT vs peers) — BitBo ETF flows table Bitbo Gold → Bitcoin rotation chatter — CryptoSlate article “$1.2B exits US Bitcoin ETFs …” CryptoSlate Corporate Treasuries & Public Companies MicroStrategy +168 BTC (Oct 20 filings)  Crypto-treasury caution (~$17B retail losses)  Mid-cap treasury adds (~150 BTC) — PRNewswire: Hyperscale Data Bitcoin Treasury Climbs to $60 Million Mining, Infrastructure & Compute ISS recommends reject CoreWeave deal for Core Scientific — Reuters: link Reuters+1 CoreWeave urges YES (proxy fight) — available via Finviz article: link Finviz Bitdeer Sept ops +20.5% m/m — IR: Bitdeer Press Release Miners → AI/HPC commentary  Riot earnings on deck — Riot IR page public: IR Page Freedom Tech, Lightning & Self-Custody Lightning for treasuries Op-Ed — CoinDesk: link LN fundamentals refresher — BraveNewCoin article: link Brave New Coin Policy, Enforcement & Macro Macro pulse Oct 20: global markets graphic — Reuters: link US–China overhang still in VAR — Reuters earlier: link Congressional crypto market-structure momentum  Adoption & Culture UK/EU access momentum  Education spike after volatility  Streaming/podcast cross-pollination Security / Incidents Quiet week no mega-hacks  Venture, Company Moves & Capital Messari: 31 deals / $197M — Messari Report Blockstream Capital Partners acquires Berglinde AG — BTC Times link Miners’ equities in motion (RIOT/BTDR) — Finviz News link Extra Market Color Day by day ETF prints — Farside flows table above OG whale skepticism: large short-put returns