Today’s guest is Clark Neily, a constitutional litigator, civil liberties advocate, and senior vice president for legal studies at the Cato Institute. He previously served as co-counsel in the landmark Supreme Court case District of Columbia v. Heller, one of the most consequential gun rights decisions in modern history. Neily speaks with Nick Gillespie about the Supreme Court’s latest term, the constitutional limits on executive power, and whether Congress has ceded too much authority to the presidency and the administrative state. Neily explains why he believes the Court has become an essential check on government overreach and discusses recent rulings…

There are also signs of seller exhaustion and believer accumulation. As seen in prior market bottoms, BTC can find a floor when few sellers remain and when accumulation from holders with conviction picks up. This is playing out with around 45% of long-term holder supply sitting at a loss, per data from Checkonchain, with levels associated with prior market bottoms. It suggests many of the sellers are already out, leaving only convicted holders, who are not only able to withstand the volatility but who may also be adding to their positions. This is showing up in the data, with BTC…

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