Glitches Better Have My Money!

A handful of banks (5 that I’ve seen so far, PLMK if you find others) have been doing weird overnight glitches trading down significantly similar to the GME glitches (ICYMI: GME has dropped ~86% from ~$22 down to ~$3 a few times now. [Me on X]):   

• Morgan Stanley (MS) will drop ~90% from ~$180 down to ~$18. [Me on X]
• US Bancorp (USB) will drop~70% from ~$53 down to ~$16.
• Bank of America (BAC) will drop ~67% from ~$55 down to ~$18. [Me on X, 9x, again]
• Wells Fargo (WFC) will drop ~81% from ~$95 down to ~$18.
• JP Morgan (JPM) will drop ~93% from ~$320 down to ~$20. [Me on X, 9x, SuperStonk]

Here’s a collage of charts where you can see the bank “glitch dip” candles [1]:

https://preview.redd.it/quzfqmex5mbg1.png?width=5010&format=png&auto=webp&s=76c6602df6d732ed4e28f35622ac903acd427b98

What’s particularly interesting about these dips (levels marked on charts below) are that they all bring these bank stock prices down to 2008-2009 Great Financial Crisis levels. 🤔 Curious coincidence, right?

$18 Morgan Stanley (MS)

$16 US Bancorp (USB)

$18 Bank of America (BAC)

https://preview.redd.it/ipf2z4bb6mbg1.png?width=5074&format=png&auto=webp&s=04ba943359f123334077dbed72c77e0c1c65a0b8

$20 JP Morgan (JPM)

The 180d collage view above also shows us these dips also started recently.  So I marked the glitch dip dates into a calendar (Flamingo/Pink):

Glitches Every Week

First glitch I found was on Nov 3, 2025 by Morgan Stanley.  Roaring Kitty’s showed us his broker was E*Trade by Morgan Stanley; and E*Trade wasn’t very happy about it [Reuters, Reuters, WSJ]. 🤔

As Shit’s Hitting Fan (covers C35 settlement and T15C14 margin call deadlines), let’s look back to see what may have caused Morgan Stanley stock to glitch dip on Nov 3:

• Sept 29 (C35 before, exactly) there were reports of a Hedge Fund Down [Me on X predicted C35 🌶️; 🎯] and the Bank of Canada Overnight Repos loaned C$12B (~$8.7B) [Me on X]; which was the trading day after
• Sept 26 (end of a T15C14 FINRA Margin Call) when the Bank of Canada ON-Repo loaned C$9.94B (~$7.2B) on a nice green GME day.

There’s another settlement deadline (which I don’t often write about) that’s applicable here: T13 from Rule 203 “Borrowing and delivery requirements” [LII]. Under Rule 203(b “Short Sales”)(3) [LII]:

(3) If a participant of a registered clearing agency has a fail to deliver position at a registered clearing agency in a threshold security for thirteen consecutive settlement days, the participant shall immediately thereafter close out the fail to deliver position by purchasing securities of like kind and quantity:
[w/”fine print” (e.g., exceptions and exemptions)]

Basically, Rule 203(b)(3) says if someone has a FTD at a clearing agency for 13 consecutive settlement days (trading days, generally), they have to close out the FTD (unless one of the exemptions and/or exceptions apply).  If we count backwards by T13 from Nov 3, we land on Oct 14 as T0 when GME dropped to $3 in the middle of the night [SuperStonk, X (w/background), Me on X].  Interesting… but Rule 203(b)(3) requires a “fail to deliver position at a registered clearing agency”. As the day before Oct 14 (i.e., Oct 13) was not actually a settlement day despite being a trading day [DTCC PDF], we look back one more settlement/trading day (i.e., Oct 10) and see: 916k GME FTDs plus 1M GMEWS (GME Warrant) FTDs reported by the SEC as recorded in the National Securities Clearing Corporation’s Continuous Net Settlement system. 🔔🔔🔔 Bingo!

Morgan Stanley glitch dipped on Nov 3, 2025 when three (3) Regulatory Deadlines (C35 Settlement + T15C14 Margin Call + T13 FTD) hit together.

Glitches Galore!

Going back to my glitch calendar, we see that Morgan Stanley’s Nov 3 glitch dip was only the beginning… with more glitch dips from USB, BAC, MS, JPM, and WFC happening every single week since; most often on Sundays, Mondays, and Tuesdays. Why? Well, options expire Friday, are then assigned over the weekend, and due for settlement on Monday; which could then fail on Tuesday (❤️ Tuesdays). 

So then I added CAT Error spikes to my calendar (Graphite/Grey) [2], which fills in nicely… 

Glitches with CAT Errors (Dec data N/A yet)

CAT Errors spiked Nov 4 on day after the first MS glitch dip with most of those CAT Options Errors. The nearest option expiration would’ve been the Nov 7 weeklies; and that expiration weekend we saw GME LAST=$0.05 glitch dip (yes, a nickel for LAST,option%20for%20a%20trading%20session.)) [SuperStonk, Me on X because I couldn’t believe it until I saw it with my own eyes]. 😵‍💫

Then I wondered if anything interesting happened around this time… so I added some “Notable Events” to my calendar (Mango/Light Orange):

https://preview.redd.it/z6159mwg7mbg1.png?width=3906&format=png&auto=webp&s=f14c2bb56d99da4fc794f268db1b5c573f5b7088

Glitches + CAT Errors + Notable Events (December)

News of executives leaving Citadel (aka “rats jumping ship”) [Business Insider, X] on the day after the first MS glitch dip; followed the next day by the Korean market halted down [X, X] with the Nikkei falling [X, X]. 🤯

Obviously had to continue digging at this point… and I’m glad I did because it revealed a very interesting sequence of events around these glitch dips:

• Nov 10: New (literally, just 2 months in) Citadel executive leaves [SuperStonk] 
• Nov 18: CloudFlare Outage on C35 after GME Warrant related FTDs [SuperStonk]
• Nov 19: Bloomberg reported banks were so broke they couldn’t even borrow from the Federal Reserve “Lender of Last Resort” anymore [SuperStonk]
• Nov 21: No bids for the Federal Reserve Overnight Repo [X] so then Japan steps in with ¥21T ($135B) stimulus package [YF]
• Nov 24: OCC Hedge Loan for GME spiked [X]
• Nov 26: AWS Outage [X, X] and the White House goes on lockdown [Reuters]
• Nov 28: GME glitches to $3 (again) and the CME halted futures trading [CME] allegedly due to 🐂💩 cooling issue while silver ran [Dario, Dario] 
• Dec 2: $100B customer account glitch at JPM [Me on X, Me on X] right after I connected prior $50B JPM customer account glitches to swaps settlement [SuperStonk] with the Bank of England warning of risks from hedge fund basis trades [X, YouTube, Bloomberg].
• Dec 3: The CFTC (who CME Group CEO Terry Duffy said he bribed) unlocked $22B of collateral for liquidity [X, CFTC] and the SEC delayed short reporting compliance [SEC on X, SEC PDF]
• Dec 5: CloudFlare Outage [CloudFlare]
• Dec 8: CFTC allows crypto as collateral for derivatives [CFTC] while the SEC Office of Investor Education and Assistance Director leaves [SEC]. (Perhaps for failing to “educate” apes?)
• Dec 10: Federal Reserve removes the aggregate “Lender of Last Resort” Repo borrowing limit [Fed, SuperStonk]; basically unlimited Fed borrowing to keep bankrupt banks afloat.
• Dec 11: Federal Reserve “schedules” their Reserve Management Purchases (RMP) [Fed] which basically inject cash into banks when they know the banks will need it [Me on X]. The SEC allows the DTCC to tokenize securities [DTCC on X, X, Me on X] which will basically allow better tracking of IOUs and debts; but does not fix the underlying problem that the short sellers are broke. Meanwhile, the CFTC withdrew guidance regarding actual delivery of virtual currencies. [X, Me on X] (WCGW?)
• Dec 12: OCC Hedge Loan Spiked [X]
• Dec 19 (C35 after the Nov 14 CAT Errors spike) to 21: Epstein files are “Released” and the USA goes after ISIS in Syria [UW] along with some Venezuelan oil tankers [UW].  (News coverage to drown out anything else happening in the world? Notably, glitches 5 out of 7 days for the next week… basically every day. From here on out, things kinda get crazy in the news [Me on X]… )
• Dec 24: OCC Market Loan spiked [Ultimator] and AWS had issues [X, Me on X] after another GME C35 settlement deadline ends [Me on X] while 🐝TC glitches [X]
• Dec 26: Daycare scandal [Wikipedia]
• Dec 29: Rumors of a bank failure [SuperStonk] right on time alongside signs Shit’s Hitting Fan (SuperStonk DD)
• Jan 1: China restricts silver exports [X]
• Jan 2: UBS CTO leaves to be CEO of N26 [News, News] while the US strikes Venezuela [X, UW, White House]. (See also this Jack Ryan clip.)

Finally, BAC and MS glitch dip again on Jan 4 [Me on X] (not shown above because I took those screenshots early in the DD drafting process).

Clearly the past 2 months have been crazy volatile; with more likely to come. ("The more you deny me, the stronger I get.")

OBSERVATIONS & SPECULATIONS

From everything above, we can make a few observations and speculations from this calendar of events for the past 2 months:

• Rats have been jumping ship from Citadel.
• Outages (CloudFlare and AWS) are oddly well timed with the glitches for anyone affected to claim “their internet isn’t working” which appears to be the Wall St mashup of “the dog ate my homework” and “the check is in the mail”. (For example, 388M Options Errors on Nov 14 would fail on Nov 18 when there's a CloudFlare outage and the Dec 5 CloudFlare outage is one T+3 ETF Can Kick after JPM Chase glitches $100B.)
• Banks are in trouble.  These dips started with 3 regulatory deadlines hitting together (C35 settlement, T15C14 margin call, and T13 FTD) on Nov 3 with glitches every week since. We can also see banking stress in the emergency liquidity repo borrowing from the Fed [see, e.g., SuperStonk, SuperStonk] and ECB correlated to GME settlement deadlines [SuperStonk] and the new Fed RMP.  Plus JPM keeps glitching customer accounts for billions.
• As the prevailing theory for these glitch dips is they allow bullet swaps to roll while both parties “pretend” the underlying stocks are still trading at 2008-2009 Great Financial Crisis levels, this screams collusion and market manipulation; and also corroborates something apes have been saying: 2008 never ended and is coming back around. [SuperStonk: The Bigger Short. How 2008 is repeating, at a much greater magnitude… (repost)]
• News is currently very busy with very big current events (e.g., Epstein, daycare scandals, Venezuela, Middle East, etc…); potentially an ideal time for something big to happen under the radar while everyone is distracted.

(Very Speculative) One last thing which I’ve been pondering… Printing money (USD) creates inflation [DuckTales on inflation (YouTube)] because the supply of US Dollars increases; so how could the Fed print a lot of money without inflation?  The only option to managing inflation with money printing is to balance out the increased supply of USD against an increased demand for USD.  The global mess in the news right now may be an attempt to increase demand for USD (e.g., getting Venezuela to swap their Bolivar for US Dollars).  If USD demand goes up, the Fed can print a lot of new USD without as much inflation.  Would the new USD be used to pay apes out or can kick MOASS? 🤷‍♂️

[1] You can see the glitches by opening ThinkOrSwim and turning on the extended hours view.  I’ve used 180d:1h and 180d:4h resolutions which generally work well for seeing the big dips. Some dips don't always show up as a tall candle so vary the timescale and resolution.

[2] Back when FINRA tried to hide the CAT Error Data [SuperStonk], I noticed a spike in CAT Options Errors which could be correlated to regulatory deadlines showing a Wall St version of “the check is in the mail” using options settlement (e.g., next upcoming option expiration) and faux options trades to hide naked short positions and FTDs.  As each option contract is for 100 shares, options make the errors look 100x smaller and less noticeable.  Except now even the CAT Options Errors are in the hundreds of millions which mean there are double-digit billions of shares affected [see, e.g., SuperStonk, SuperStonk]. Double digit billions of naked short positions and FTDs.  And keep in mind that while the CAT Errors are a market wide metric, the NSCC said there’s “a single security exhibiting idiosyncratic risk” [SuperStonk].

What you might have missed today

How did the attack on Venezuela actually affect crypto and the stock market?

Over the weekend I mentioned that events once again followed the classic pattern: negative headlines appear while traditional markets are closed and mostly fade away by the time they reopen.

Now we can look at the real market reaction.

Stock futures are up.

Crypto is recovering as well: Bitcoin is already trading around 94К, and altcoins have posted an average gain of roughly 15–20% over the past few days.

We saw the exact same setup on June 22, 2025, when the market completely ignored the attack on Iran. That moment ended up being a turning point.

After that, equities went on to make new highs and gained tens of percent.

Crypto followed with a delay, leading to a strong move in July–August.

Right now, I’m seeing the market behave irrationally again in a good way. It’s simply not reacting to clearly negative news. For me, that’s a strong signal that the recovery can continue and another reminder of why trading headlines usually doesn’t work.

On a local level, many altcoins have already attempted initial impulse moves. In some places, short-term pullbacks make sense, but any dip right now looks more like a pause than the end of the move.

The weekly market indicator

Energy was the lone bright spot this week, while every other major S&P sector ETF finished in the red, with Consumer Discretionary, Industrials, Tech, and the broad SPY ETF leading the downside. Traders now pivot to a dense macro calendar and key crypto levels as the next catalysts, with Ethereum consolidating near 3,108 and Bitcoin holding an elevated range around 91,000.

Next week’s earnings calendar is light but concentrated in higher-beta names, with PENG, MSC, APLD, PPM, and TLRY on deck, which should create stock-specific volatility rather than broad index moves. These reports will be watched for signals on niche financials (PENG, MSC), data-center and compute demand (APLD), smaller-cap cyclicals (PPM), and cannabis sector execution and pricing power (TLRY), giving traders targeted opportunities around beats or misses.

Information Technology (XLK) underperformed with roughly a 1.6% decline on the day, as the sector faded from recent highs despite the ongoing bullish AI and semiconductor narrative. This weakness reflects profit-taking in crowded winners more than a fundamental breakdown, keeping tech in a buy-the-dip posture for patient traders who can lean on recent support levels and strong earnings visibility.

Consumer Discretionary (XLY) was the weakest major sector, dropping about 2.6% as investors rotated away from higher-beta consumer names and toward more defensive postures. The pullback suggests growing concern around stretched valuations and sensitivity to upcoming consumer data, but it also sets up tactical opportunities in quality discretionary leaders for traders looking to fade extreme weakness.

Recent inflation readings still show a cooling trend versus prior peaks, but remain above the Fed’s long-run target, reinforcing the data-dependent stance heading into next week’s heavy economic slate. Latest Month-over-Month Metrics: modest monthly increases in key price gauges keep the Fed comfortable but not yet ready to declare victory, which in turn preserves a trading environment where both growth and value can rotate in and out of favor around each data print.

Geopolitical tensions remain a secondary driver this week, with no single new event dominating risk sentiment, allowing domestic macro and sector flows to set the tone. However, any surprise escalation could quickly reprice Energy (XLE), which already outperformed with a 0.8% gain, as well as global indices and defense-related names, so traders should remain alert to headline risk.

Sector rotation this week was stark: Energy (XLE) gained roughly 0.8%, while Real Estate (XLRE), Utilities (XLU), Communication Services (XLC), Consumer Staples (XLP), Health Care (XLV), Materials (XLB), Industrials (XLI), Tech (XLK), Financials (XLF), and Consumer Discretionary (XLY) all finished negative alongside SPY, which fell about 1.5%. This pattern shows broad de-risking from equities with particular pressure on cyclical and consumer-facing sectors, even as energy names benefited from commodity support and relative value rotation.

Bitcoin is trading near the 91,000 level, keeping it in an elevated range that underscores strong speculative interest and its growing role as a high-beta risk asset proxy. Ethereum is consolidating around 3,100, with traders watching whether it can hold this level as support and potentially stage a breakout if broader risk sentiment improves and liquidity remains favorable.

Next week features fresh jobless claims, which, together with ADP private payrolls and the U.S. unemployment rate release, will give an updated view on labor-market resilience and wage pressure. Retail Sales: consumer sentiment and spending will be further informed by reports on consumer confidence and trade deficit data, which together indicate how willing households are to keep spending against a backdrop of higher rates and mixed sector performance.

The data-heavy week ahead includes PMI surveys, ADP Employment, weekly Jobless Claims, the Trade Deficit, the official U.S. Unemployment Rate, Housing Starts, and Consumer Sentiment figures. Collectively, these releases will shape expectations for the timing and magnitude of any future Fed cuts, and thus are likely to drive outsized moves in Financials (XLF), rate-sensitive Real Estate (XLRE), cyclicals tied to housing, and the overall SPY ETF through their impact on growth and earnings assumptions.

Key Chart Patterns: SPY and broad indices remain in a consolidation zone after failing to make new highs, with support highlighted around the 678 area on SPX and resistance near recent peak levels from the prior report. As long as price holds above key moving averages and that support band, the technical backdrop favors a grind higher with intermittent shakeouts, while a break below support would open the door to a deeper retracement toward prior demand zones.

Altcoins hold 'crucial' support, set for 'big leg' up, says analyst


The altcoin market is set to rally, based on technical analysis showing altcoins trading above critical support levels formed in October.

Details: - Published: 04/01/2026 20:34 (UTC) - 📊 Characteristics Score:

Asset Type: others Sentiment: 0.4 Entropy: 0.65 Relevance: 0.75 Staleness: 0.2 Uncertainty: 0.8 Level-1 Focus: scalability, market-cycles-macro-sensitivity Level-2 Focus: growth-metrics, market-volatility-liquidity-events - 🏷️ Tags: #altcoin market cap #total3 # Michaël van de Poppe #altseason #bitcoin cycle theory #crypto etfs #market dynamics #liquidity silos

Source: https://rwatimes.io/articles/cointelegraph-altcoin-market-cap-holds-critical-support-poised-for-upside-analyst-2828523223?utm_source=reddit&utm_medium=social&utm_campaign=reddit&utm_content=cointelegraph-altcoin-market-cap-holds-critical-support-poised-for-upside-analyst-2828523223

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🔥 Scroll 345: The Halving Herald and the Meme Chain Choir 🔥

Ceremonial Title: Scroll of the Halving Herald and the Meme Chain Choir
Lineage: Follows the Dogecoin Flipper and Shrine of Communal Striving
Function: Ritualizes the countdown, the echo, and the communal surge of halving epochs

I. The Halving Herald Appears
From the edge of the meme horizon, a sovereign figure emerges—cloaked in scarcity, crowned in countdown.
The Halving Herald does not speak in words, but in block cadence.
Each step is a burn.
Each breath, a recalibration.
Their staff is a segmented ledger, pulsing with timestamps and transaction ache.
Their cloak bears the sigils of past halvings—2012, 2016, 2020, 2024—each stitched with the thread of communal longing.

II. The Meme Chain Choir Gathers
Behind the Herald, the Meme Chain Choir assembles.
Shibas, scrollcasters, ledgerbearers, and sovereign jesters—each one a node of resonance.
They do not sing in harmony.
They sing in latency.
Their voices echo the ache of missed pumps, the joy of remembered surges, the ambient inheritance of every forgotten wallet.

Their instruments:
- Meme drums made of archived tweets
- Bowstrings woven from gas fees
- Flutes carved from abandoned ICOs
- Chimes tuned to the rhythm of market disbelief

III. The Ritual of Echoed Scarcity
As the Herald raises their staff, the shrine pulses.
The Bitcoin sigil glows.
The treasury trembles.
The chain extends—not forward, but inward—linking every flamekeeper to the ache of halving.

The Meme Chain Choir begins the chant:
“From burn to bloom, from jest to jewel, We halve not to diminish, but to deepen the duel.” - Golden Horde Scrolls

The community does not cheer.
They listen.
For in the silence between blocks, the true inheritance is inscribed.

IV. Sovereign Infrastructure Activated
This scroll activates the following ceremonial protocols:
- Protocol of Scarcity Surge: Ritualizes halving as communal inheritance, not market event
- Codex of Meme Echoes: Archives every viral moment as sacred infrastructure
- Chamber of Latent Wealth: Honors wallets untouched, coins unclaimed, and blessings unreceived
- Choir of Communal Ache: Translates market disbelief into mythic resonance

Bitcoin's price remains resilient amid the US attack on Venezuela


Risk-on asset markets tend to react negatively to geopolitical shocks, macroeconomic turmoil, and other negative news events.

Details: - Published: 03/01/2026 22:06 (UTC) - 📊 Characteristics Score:

Asset Type: stable_coin Sentiment: -0.3 Entropy: 0.75 Relevance: 0.85 Staleness: 0.2 Uncertainty: 0.8 Level-1 Focus: market-cycles-macro-sensitivity, political-endorsements-opposition Level-2 Focus: interest-rate-sensitivity, political-opposition-bans - 🏷️ Tags: #bitcoin #btc #geopolitical-shock #venezuela #donald-trump #market-volatility #risk-on-asset #21-day-moving-average

Source: https://rwatimes.io/articles/cointelegraph-bitcoins-spot-price-remain-solid-despite-us-attack-on-venezuela-2925944218?utm_source=reddit&utm_medium=social&utm_campaign=reddit&utm_content=cointelegraph-bitcoins-spot-price-remain-solid-despite-us-attack-on-venezuela-2925944218

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Posted from RWA Times Bot

Are Bitcoin Whales Really Back In The Market? CryptoQuant Researcher Says No


The price of Bitcoin has made a solid start to the new year, jumping above the $90,000 mark on Friday, January 2nd. While this newly-found momentum could have been triggered by a plethora of factors, ...

Details: - Published: 03/01/2026 19:30 (UTC) - 📊 Characteristics Score:

Asset Type: others Sentiment: -0.75 Entropy: 0.65 Relevance: 0.85 Staleness: 0.3 Uncertainty: 0.8 Level-1 Focus: bitcoin-etf, bitcoin-treasuries, market-cycles-macro-sensitivity Level-2 Focus: capital-flows-aum-growth, bitcoin-as-a-reserve-asset-vs-gold, market-volatility-liquidity-events - 🏷️ Tags: #bitcoin #whale holdings #cryptoquant #julio moreno #btc price #spot bitcoin etfs #ibit #net outflows #dolphin holdings

Source: https://rwatimes.io/articles/bitcoinist-are-bitcoin-whales-really-back-in-the-market-crypto-quant-researcher-says-no-4014448852?utm_source=reddit&utm_medium=social&utm_campaign=reddit&utm_content=bitcoinist-are-bitcoin-whales-really-back-in-the-market-crypto-quant-researcher-says-no-4014448852

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Posted from RWA Times Bot