They’re Calling It a Supercycle — I Called It Vaultseason

Photo by Bilal O. on Unsplash

This week, Capriole Investments CEO Charles Edwards dropped a thesis that’s making the rounds in hedge fund circles: “The Bitcoin Liquidity Supercycle Has Just Begun.”

But if you’ve been reading Token Trust, you already knew.

Because I’ve been calling this exact phase Vaultseason since last year — and not just as a Bitcoin narrative, but as an on-chain liquidity rotation where the real positioning happens quietly, away from headlines.

Now that the suits have given it a name, let me give you the signal.