XRP is showing two significant technical signals suggesting potential price movement: (1) South Korean exchange volume has surpassed Bitcoin and Ethereum, with XRP recording 41 million in volume on Upbit, ranking behind only Tether; (2) The 20-day moving average is acting as support, with price bouncing when approaching this level. These indicators, combined with the 4-hour RSI holding above 50, suggest XRP may be preparing for a price pump, though traders should watch for potential breakdown levels at $139 support and $159 resistance.
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>> This is Discover Crypto and today we're going to talk about XRP, Bitcoin, and some other altcoins. But XRP has some major signals that is predicting a pump.
We're going to look at last time we saw these signals. Is this Fugazi or are we about to see a $2 XRP soon? Drew, how are you doing today? Are you ready to talk about XRP? I'm so ready. I wake up every day ready to talk about XRP some more DY. I'm super excited about it. Um, also completely revamped my little uh tractor mower last night. I feel incredible about it. It's nice to have it back in operation and uh the quant crushed it with a lot of shorts this morning.
>> Go ahead and share my screen here. I'll go ahead and pull up the live trading chat here. So, we got a flurry a flurry of trades this morning here. Uh you can see this is 10:03. So a lot of this just in the last half hour, last hour here.
And then we got a string of wins from some of the ones earlier in the morning.
Uh we're going to go till we see a loss or two. Just want to make you, you know, aware that there are some losing trades.
Sometimes you got to dig for them.
Sometimes it'll be two, three in a row.
>> I mean, gez. Hey, there we go. There we go, folks. But this is still only 8:00 in the morning. Now we're looking at still 8:00 in the morning.
>> Wow. This is still 8:00 in the 8:25 in the morning. 7:51 in the morning. A lot of trades coming in, folks. I mean, a whole lot of trades. I mean, jeez, how many I saw the number. It was like at one point it was 47 indicators that flash 47 messages 6 a.m. here. Yeah. But we'll stop here. It's 5:30 in the morning. But actually had some trades come in pretty close to at least East Coast waking hours here. So, >> that was nice to see. And they hit really uh really concisely. like we were at a support level, what you would have thought would have been support and we have absolutely melted through that. So glad to see the quant kept people in the green uh that are trading this morning.
>> And folks, if you want to do some free trades, I'll tell you how in a second.
There's literally a free trading competition. No capital required. Not deposit this. So then you get this. And no, I'm talking about a free free competition that's going to be starting uh fairly soon here. But let's talk about crypto. We have Bitcoin rejected off the 200 day moving average. But Drew, I saw a little bit of hopeium with this red line. This is the 20-day moving average. And if you look, last time we came close to it, we, you know, wicked below, used it as support, bounced before we could hit it here, used it as support right here. And then you can see once we turned it into support, just one wick below that. And so far, Drew, it has been holding strong. If we look when we cross the 20week moving average, we are up 16%. So, I would keep an eye out on this if you want to sustain the rally or maybe even break out of this parallel channel. I feel that the odds are we're going to come down to the middle. Drew, I think we might smash through this 20-day moving average.
>> Yeah, that 20-day is probably at least going to be a turbulence point cuz that was uh you know, there's a volume node there and there's a lot of short or long liquidations rather that >> little bit of a bear div on the daily as well. This is now starting to print starting to confirm here. That's not a great sign either.
>> Yeah. So, you know, I'm watching out for about like 788. Um, which I think lines up pretty uh closely to that 20-day moving average as well. Um, you know, I did a little bit of a scalp long yesterday. That was good. You know, made like 2,400 bucks in the trading Discord live stream. Um, so if you want to get in on those, make sure to check them out. I'm doing them every day, but you know, was feeling down. Feeling down was likely after those uh kind of short-term bounces happened. And here we go. Now we got to find out where the support actually is. And shout I saw a community member looking for some healing vibes.
Sleepy hollow crypto. Few prayers from the community. Day three in the hospital trying to avoid surgery. So giving you those vibes right there, baby.
>> That was good.
>> Yeah, you felt it, right?
>> That was me compelling you to hit the like button. Go hit the like button. I can feel the like button surging, everybody. All right. Appreciate the support there. Let's look at crypto. So here we have Bitcoin. Let me hit refresh because we have been seeing a lot of action here the past hour or so. Yeah, ETH is now flat. Bitcoin's down 1%. ETH no longer flat, down 2%. B&B up a little bit, 2.7%. We got a little bit of a Dogecoin pump here. And we see Cardano slightly pulling back. Hyperlid slightly pulling back. ETF launch yesterday. So we're going to look at the Hyperlid chart and chain link coming in pretty flat here as well. Canton a little bit of a correction. Let's look at the big gainers here in the altcoin space.
Injective near Oh man, Drew, Trumpcoin is up.
The two guys that were on the airplane to China, Trump and Dogecoin, Elon Musk, right? That's that's the world we live in, right? Um interesting to see Injective coming back. Nowhere near where it was in 24.
>> It is up 44% this week.
>> Had a nice little rally here. Uh looking at the past month, I mean, it started a month ago. It was trading at $3. now trading at $563. So, >> yeah, not bad.
>> Not bad. Showing signs of life. Um, but you know, as I was talking about it yesterday, if Bitcoin does go to the middle point of that range you were just showing >> on the chart, >> there's going to be some entry points on these alts that we've been, you know, mapping out for a few months now since the trajectory's been upwards. Like hyperlid, think about hyperlid under 30 bucks, right? In the 20 to $30 range.
>> I will I will share my hyperlquid prediction here. We did chart Hyperlid.
If you watched last night's video, you saw us look at a couple altcoin ETFs.
Not even so much the ETFs, but the underlying assets. And we looked at coin stocks. So, maybe we'll pull up that chart as well. Uh, let's look at XRP, though. Smash the like button. Should we do it if you hold XRP or if you hate XRP, Drew?
>> Oh, god. All right. Comment if you hate XRP.
>> Yeah. Love hate.
>> Smash. Yeah. Smash the like if you love if you're in love.
>> Yeah. Yeah. Just type in love. Type in hate. And I'll tell you what, we will I will share you a $12 XRP price prediction. I think it might be the worst chart I've seen in my life. And it's not the two signals. I actually have real signals for XRP's price action, but there is a third very dubious signal that is saying for a $12 XRP. I almost don't want to show it because I felt like I became a worse trader when I looked at this post.
>> Listen, I'm all about dubious speculation, man. you know, and I I talked to uh >> not a lot of love.
>> Not a lot of love, but you know, there there's a guy that I work out with that's shilling XRP to people still, and he's buying. Um >> it's the retail coin.
>> It's the retail coin. Yeah. And he gets rugged on a daily basis trying to get into the ecosystem, but he's still there. He's still fighting, you know?
He's ready to go. So, >> he's not one of those people that's like, I don't know, I sent Elon one Bitcoin, I'm waiting on two. No, >> it's not that bad, right? No, he's a wartorrn two cycle XRP degen. Like he >> war torn. I'm thinking like Vietnam vet with PTSD. Like is this a Lieutenant Dan situation?
>> He will be. He's on his way. He is on his way.
>> All right, let's talk about XRP. We're just going to run through this pretty quickly. I know not a lot of you are the biggest fans of XRP, but it is a top 10 crypto. It is the retail coin. Hey, we do got to talk about this prediction here. So XRP traders say sluggishness growing as the ETFs large logged the largest inflow since January. I like going straight to the horse's mouth here. So we could zoom in a little bit.
This is so value. It tracks different ETFs on the top. You can see right here XRP spot ETF. It accumulates it and it gives you the total. They're talking about this total right here. Drew earlier this week $25 million and 5 million. And $25 million inflow is the biggest inflow we've had in nearly six months. So this is a very very good inflow. We got to go all the way back to January 5th before we see it. We're scrolling through. Scrolling through.
There you go. Right there. 46 million on the 5th. But then we had the 40 million withdrawal just two days later. Almost totally negating that. But now we have a nice little string of inflow days. Only one red inflow day there. So number one, Wall Street is accumulating XRP. Is this in anticipation of the Clarity Act, Drew? There might be potential for that.
But the second indicator, way more bullish, though. But what are your thoughts on the ETFs?
>> That's a good connection with the Clarity Act and XRP running high when it's announced. Um because I think at a point the Clarity Act will go through and XRP doesn't have Defi on it anyways.
So it doesn't care if DeFi dies. It's like there is no DeFi on >> Well, what do you think of this? Uh, we got a wild card in the chat here. Chain link or hype? Debating what to buy with my cash.
>> I mean, I'm going both of those.
>> I like both, but I think chain link's probably going to visit around 750 to eight bucks.
>> I like the fun I like the I like the future trajectory of hype more. I like the current technicals on the charts of chain link more. Yeah, a lot of things that Hyperlid has in its future actually depend on a burn mechanism that they're going to be voting on, right? So, if the burn mechanism for Hype tokens is put into place, you're going to have a much better price performance for Hyperlquid than Chain Link if they do approve that burn mechanism. But I still think like, you know, again, if 7075 is visited by Bitcoin, 25 $30 hype's probably a reality. you know, 750 to $8 chain links probably a reality in that in that situation. So, you know, it's um I I'm going to own both. You know, I'm >> Yeah, I own both. And I will say they're two of my larger altcoin holdings for sure. Yeah, I am bullish on both of those. All right, let's talk about XRP still. This is the second indicator.
This is the most bullish indicator, Drew. This is an indicator not a lot of people talk about XRP topping Bitcoin and ETH volumes on major South Korean exchanges. Let me say that again. South Koreans are trading more XRP than Bitcoin. That is very significant. This happens on occasion and XRP uh XRP price reacts on occasion here. So let's look at what we're talking about here. So XRP is back at the top of the South Korean trading screens. Most traded market on Upbit over the past 24 hours on Bit Thumb. XRP recorded 41 million in volume ranking behind only Tether but still above Bitcoin and ETH. So it's more than tether on up bit and it's more than bit on and bitcoin and everything else and on bit thumb the second largest it is more than everything except for tether.
So this is like xrp being the most traded asset on Robin Hood and Coinbase if we are in America. But what does it mean when the South Koreans get frothy over their XRP? We have history. Now this matters because Korea has been one of XRP's most active speculative markets. Bitcoin and ETH usually dominate the global exchange activity, but Korean traders have repeatedly pushed XRP in the top volume slot during periods of heightened interest, often before volatility expands. I went back into history. I was like, "All right, so let's look XRP Korea volume. What do I see?" I saw a bunch of activity in June.
>> Then I saw this I found me an article here. This is June 5th. So looking at June 5th. So this might be uh largely due to the surge in XRP trading volume late March, early April in Korean markets. Now let's just look at XRP chart, early June, uh the early April, May. So boom, right here. This is April 6 article was April 5th. We also had a spike in volume in uh this June right here. And we also had a spike in volume in December. And if you look at December now, the December one was around the 17th. Korea was selling and buying a lot of XRP around the middle of December of 2025. Was 2023.
But looking at this, it went down a little bit, but then we had a huge surge. Yeah, I didn't look at the rest, but you know, it has led to pumps in the past. So, let's check back on our XRP predictions here. Strong support at $139, strong resistance at a$159. Dollar 39 is going to be right here at the bottom trend line here. Strong resistance is going to be this red box right here. Stuck between the 50 and the 100 day moving average. Covered this earlier in the week, Drew. We are still stuck between the 50 and the 100 day moving average. That has not changed. I also made this prediction. I said the 4hour RSI is holding for now, but it looks shaky. So, what's the update on the 4hour RSI? Now, this is what I was talking about this yesterday. See in last night's video, I drew out the trend line yesterday.
>> Oh, she's on the edge. She's on the edge.
>> On the edge >> and below the 50.
>> When I made the video, we had the briefest little uptick here. We were like right here.
>> Uh 4 8 12 16 20 24 hours. So 24 hours ago, we were making this little V-shaped recovery. We were like literally at it right now. So let's just maintain the 4 hour. still shaky. We are still shaky.
>> That RSI being below the 50, I would wager down. I would wager down if it's already below the 50 and it's having to defend that. And also, we should look at this. DZ Steo brought it up and we haven't looked at this chart in a while.
While we're on XRP, can we bring up the XRP versus Bitcoin chart just to see if Bitcoin's holding up that? because the last time I looked at Bitcoin versus XRP, it was actually a pretty decent chart. So, I'm kind of curious, you know, >> this was uh let me just double check.
June 5th, 2023.
>> Uh June 5th, 2023. So, a little bit before this giant pump there.
>> Yeah.
>> What What were you saying? Uh what do we have here in the chat?
>> Check out the XRP to Bitcoin chart real quick because >> it's actually not that bad.
>> Yeah. I mean, it hasn't looked that bad.
It looks better than most altcoins versus Bitcoin >> for sure.
>> So, I'm kind of curious what this uh is looking like by now and now that a couple months have played out.
>> Holy cow, that is coiling up on that midpoint there.
>> It's like we lost it though and now trying to reclaim it.
>> Yeah, >> we charted this I guess in the past.
This is April.
>> Mhm.
>> So, at least, you know, April 23rd, we we looked at this not too long ago. So, we looked at this, you know, a little less than a month ago and pointed out a little bit of support on the halfway point. You can see support on the halfway point. Uh, fell through, but still managed to capture it. And now we're right here at the halfway point.
You can see the blue dotted lines. I have to extend it a little.
>> Let me give it a little bit of extra length here. When you backed up and looked at the channel in general, it looks like a ride downtown to Korea Town for sure. Um, >> you're going to Pyongyang.
Yeah, they're at the DMZ right now with Brad Garland.
>> No, not not the DMZ.
>> Yeah. I mean, Brad's doing what he can to negotiate there. But this is >> Rodman has an apartment complex over there, I think.
>> All right. So, >> go to the Weekly, though. You want to look historical?
>> Yeah. Yeah. Yeah. Yeah.
>> Trust me when I say this looks a lot better than most altcoins.
>> And that's crazy to say, but it's true.
>> It's It's sadly I don't want to say sadly true, but just being higher than you were against Bitcoin five years ago, six years ago, is not a thing most altcoins can say. Yeah. Yeah.
>> Let alone, you know, 10 years ago.
>> Well, we'll see what happens if Bitcoin loses where it's uh trying to hold. And if it does break down into the 70s, maybe even mid60s region, this chart's going to look pretty ugly, you know, because you're basically sitting at a support level that you really need to hold uh for XRP. So, that bull diva to hold. Me shrink this. Get this a little bit cleaner here.
It looks like we were trying to form a bull div and it just it crashed through crashed through hard >> and we're not seeing too much uh yeah the RSI is rolling over on the 4 hour so not looking good in the short term.
>> So let's let's just kind of game theory this out. If let me and you could just shoot from the hip on this. If Bitcoin does lose the 70 or the 80K fight that it's in right now and we do kind of go down into the 70s, maybe even 60s level, where do you think XRP would stop the bleed at? Where do you think that next awesome entry point for cheap XRP would be in your opinion? Because I've I've said it with Crank a few times.
>> Basically, if we lose that support at A139, what's the next level? That's kind of what you're asking here.
>> Yeah. If we lose this bottom white line, I think we just come and revisit this near 130. A >> buck 30.
>> Yeah.
>> Okay. Because I feel like XRP holders will will sell their neighbor's cat if for a dollar XRP at this point. Um like rock bottom would be 70s.
But you know, it's it's not losing a lot of steam, but it is looking like it's a little bit of rollover time here. So, >> I guess there's another trend line kind of forming here on the bottoms.
>> We don't want to come down to that.
That'd be a$123.
>> Yeah, >> I would look at liquidity pocket right here. There's clearly a lot of volume in this area. And then I would look at this trend line. That'd be my two breakdown uh positions below 139.
>> I'm telling you, this guy sold his kidney and his house to buy more XRP.
Man, they they load up when it goes it goes down. So, >> I'm saying it's going to a tenth of a penny.
Vision would be real.
>> I don't know about that one, Steo.
>> Yeah, there's Vision's been in a a giga short on XRP forever. He's trying to get it.
>> You know, speaking of shorts, I do want to share this. So, I I teased this earlier. Zero cost trading competition.
They have uh lucky draw. It It'll be right on the top on the main page on ZoomX. So, you can click the link down below. Also, you can go here. I think it's under events. Zerocost trading competition arena. Click on this or see it on the top. Click on it and then register. I haven't registered yet.
uh individual competition. Zero funds are going to be needed. They're giving out over half a million dollars. You got five days left. Two different contest P&L trading volume. You sign up, you register. They just give you some cash stuck in this trading contest.
>> Okay. I think it's 100 and 200. What you do with that free money >> then determines your prize.
>> Would you try to trade Bitcoin or altcoins if you're trying to win this uh competition?
>> It it's limited to Bitcoin like 10 altcoins. So, just stick with that. I would do P&L.
>> Okay.
>> PNL percentage.
>> Okay. Yeah, because then you can uh punch up with uh with a low amount of capital.
>> I signed up for the lucky draw already here. So, I think I'm sign I got I got to resign in here.
>> I'll get signed in for that, too. Like I I got a couple days left. I seven days left until we divvy up funds on the two bit trading competition, but I'll sign up for this today. You know, why not sign up for all of them? And >> yeah, trade against me and Drew.
>> Yeah, it's going to be good.
>> The register.
>> I'm having fun doing it, too. I love trading, especially in the bare markets, right? I mean, there's nothing like getting Tether to buy cheaper altcoins and Bitcoin with. Ain't nothing like it.
You ready to talk about some Bitcoin?
I'm ready to talk about some Bitco unlocks potential to buy 3,000 Bitcoin in two days. So, Bitcoin to 100K in Q2.
We shall see. So, Strategy's preferred stock, the Stretch Perpetual. That's the thing that trades for $100. supposed to be there perpetually and then it gives you at at this point 11.5% dividend yield. Now it's reclaimed its critical $100 par value. Let's pull it up. I was just wondering if it's still there today. Looks like uh yeah. Yeah, it was like 101 or when I say 100, I mean $100 and one penny and now it is back down to 100 even. So it's still holding strong.
Still holding strong. So what does this mean? It restores one of the company's funding mechanisms for Bitcoin purchases. Estimates suggesting the preferred share program has already enabled them to acquire 3,100 Bitcoin this week. You're wondering, well, what does that mean in the context of what's being mined? 235% of Bitcoin's newly mined supply over the same period. So, they're going to be able to buy more than double the Bitcoin that was mined during this week with the proceeds here.
That's very bullish for Bitcoin. So, Bitcoin's up 40% against gold lately here. That's also bullish. Now, Bitcoin price history though suggests 77% odds of a new all-time high within the year.
Uh they're looking at, you know, just a couple different analytics here.
Price draw down, looking at where the corrections happened prior and where they're starting to look good. And then there's this oscillator right here. This is the XBTXU cross implied. They're also looking at derivatives volume. So, a lot of different stuff pointing to a higher Bitcoin. Matthew Seagull, head of digital asset research at VanC, is given a 160,000 per coin as his conservative estimate. And they're also those the Buffett indicator named after Warren Buffett >> within this year. He's saying that in this year.
>> Whoa. Okay. That guy's feeling bullish.
I know TJ's got his uh his bet with uh with Crank on, you know, either they go to new lows or go to uh I think new highs.
>> Yeah. Either below 60 or above 126.
>> Right. Right.
>> We're a lot closer to one of them than the other.
>> We're getting close to that bottom. And you know, just breezing over the macroeconomic situation. It's not like a bunch of hope of deescalation is on the horizon, too. So, >> $2 super chat from Noah. Drew, you going to join the ark and trade on the Discord later?
>> Yeah, I'll be on the Discord trading later. I love trading in the Discord.
So, uh probably be I'm going to eat some chicken and rice, lemon chicken and rice my wife made for me and then I'll hop in there after the show, but we'll be doing a bunch of charts with uh you know, after we get through the news, we're going to go through a bunch of charts and I'm going to just gut the whole crypto market and see what I can find for a trade.
>> And Noah, I got some pointed questions about your sons and your wife. What happened with that? All right, 2020 signal returns. Why the copper to gold breakout could point to a Bitcoin breakout. And let's just go straight to the copper gold ratio. Drew, look at the breakout on copper and gold. These are daily candles.
>> Daily.
>> Okay. Well, >> you ready for the real alpha?
>> What does this mean for Bitcoin?
>> That's the only thing that matters.
Let's >> Oh, yeah. Because there's a a copper to to Bitcoin ratio, right?
>> Well, there's just strong correlation here.
>> Mhm. So, we're going to Franklin. Well, I guess I should do this. Keep it keep it matching. All right. So, let's look at the 2021 cycle. Bitcoin's the blue line. Copper gold ratios the the the green and red candles here.
>> Copper gold preceded. It happened before. And then you can see Bitcoin's top. And then what do you know? Copper gold peaked and then Bitcoin peaked shortly thereafter. Copper gold crashed.
Bitcoin crashed shortly thereafter. We can go back multiple cycles here. You see, all right, nice little tandem. They both like to pump here. Bitcoin pumped significantly later. You see the copper gold pump, then you see Bitcoin pump, copper gold top, see Bitcoin top, see it start to break down. You see Bitcoin breakdown. So, we're seeing a lot of correlation here. I think you even go to the first cycle. Look at that. This is 2014. Bitcoin and copper. Let me let me There we go. Let's clean it up a little bit. Add a little more time. And now we have copper and gold breaking up. Maybe this can also equate to a Bitcoin pump yet again.
>> Man, that would be wild. I mean, that's a heck of a move on on copper. Like, these are daily candles. What is it up?
I What is the percentage move over just the last week?
>> Are you ready for that? This is nuts.
Here, let me hide Bitcoin. We get the clear data.
>> Crazy chart.
>> Yeah, this is nuts. Uh, copper against gold is up. It's only 27% over three months, but it's almost near vertical.
>> That's crazy. That is crazy. Man, maybe there is some chaos to the upside coming for Bitcoin. Honest. I mean, I don't know. I I want to be cautiously optimistic and because I'm being careful because we ran into that volume node at about 83 84, but I mean, that's breaking up. That's breaking up. That's breaking up. All right. Good looking out. All right. All right. I checked my copper options. I got in and out. I had April 17th strike dates.
>> Talk about this in like December and January. They're like, "All right, copper is due for a pump. Let's put it out four or five months into the future." It needed to be five, six months into the future.
>> So, if I would have had June or July dated options, they would be crushing right now.
>> Oh my getting out of that. You ready?
Should we look at wheat?
>> Is this >> Have you seen what happened to wheat?
>> This the big one.
>> Another dye prediction here. Wheat starting to break out. We're getting a nice little pump on wheat. You can see a nice little gap open here. We're potentially going to run into some resistance here, but should I reveal the weed options? Just another call that we gave the chat here.
>> You should because people thought you were a little crazy betting on like a food item, right? But I mean, >> I thought this channel talked about crypto. You're buying wheat.
>> They're pretty upset about it when you originally did it. So, I do want to see how this ended up playing out.
>> Wheat. Uh I was buying this at a$110.
We are up on our position here. Uh$110 was I think our last purchase and we are up 32%.
>> Up 32%. Normally I don't even like to show my positions here. But uh hey I I said guys follow me into the wheat fields and if you held on we're we're going to frolic in the amber waves of grain.
>> That's huge. That's huge. Uh is this bad outlook for the Ukraine war coming to an end? Is that what that means? Like that's where most of it's made or a big chunk of it's made. I'll say the Russian ship carrying nuclear reactors doesn't bode well for Russia.
>> True. Very true. Okay. Good looking out.
You know, my garden is looking great. If you got a wife at home that can handle the garden, man, my wife has been building up a infrastructure of food uh that we're making at home. So, shout out to you, Tia. Good job.
>> Does she do the sourdough baking yet?
>> Oh, yeah. She's been in on that forever.
She's got a bunch of crazy fermentations, you know, like super old.
>> Does she make hooch out of a toilet?
>> No.
>> No, she does not make hooch out of a toilet. Maybe that's the next step, though. Maybe we'll have to uh move into the Great Depression era.
>> If you're heading into prison, is there a better skill to have?
>> No. Absolutely not. I heard they do banana banana hooch in the in the husk.
So, maybe we'll go down that route. Who knows? Maybe. Maybe uh we'll scrape the you know what off the banana leaf. All right, let's look at Jane Street here.
Jane Street, one of the most prolific traders out there, especially on Wall Street. They are up there with the heavyweights. They're up there with the Black Rocks. They're up there with the Vanguards. Jane Street is also where you know who got his start there.
>> Sam, wasn't it Sam?
>> Sam Bankman Freed. That's right. So Jane Street close alignment to crypto. Jane Street some of the best traders. A lot of you know high high agency individuals where I got Jane Street here. So Jane Street slashing its Bitcoin ETF holdings though, but is holding ETH funds. So they cut major Bitcoin ETFs in Q1 of 2026. At the same time, increased exposure to ETH ETFs. They also had a couple other trades there reduced their stake into Micro Strategy alongside major ETF cuts. They had 968,000 shares of Micro Strategy just Q4 2025.
Cut to Q1 down to 210,000 shares. So definitely slashing their Micro Strategy exposure about nearly 80% raised their stake into Riot platforms. Added to Coin 8 uh 888,000 shares from 778,000 and Galaxy Digital huge expansion 1.5 million shares when they previously only had 17,000. Drew, I thought about why are they selling Bitcoin ETFs, buying ETH ETFs?
I thought about this the DeFi hacks. If you're a a trading firm or you're a just a capital allocator, would you want to invest in liquid staking derivative platforms, onchain staking platforms for ETH given what we saw with the kelp DAO hack, given what we've seen with a >> would you rather just take a ETH ETF?
>> Oh yeah.
>> Get a little bit of >> Oh, yeah.
>> upside there.
>> No, absolutely. like seeing what's going on with Kelp DAO and uh A I mean you're you're going to have some cold feet from institutional plays that go directly into DeFi which makes the you know more standard version of an ETF with Ethereum definitely more attractive and even when we're at Bitcoin Vegas we saw a lot of the um I think it was Bitcoin uh it was like life insurance done through the traditional markets with Bitcoin and there's a bunch of like traditional market plays with Bitcoin rather than the DGEN field that we're used to in uh crypto. But we're just, you know, we've been through a few cycles. We're used to a different landscape than what's out there right now. So, it's changing quick. Times are changing. Uh we talk about crypto more than or stocks more than crypto. All right. All right. Uh true crypto fundamentals. Well, let's talk about one of the main true crypto fundamentals. Hyperlquid exchange. a true as close as you can get decentralized platform. Of course, it's centralized. There's a someone has to operate the website domain, >> right?
>> No one has to, you know, pay Amazon Web Services. You know, some of that's happening on the back end, but hype, let's roll it back into stocks, crypto ETF. Actually, this is from James Ciphart, one of the Bloomberg ETF bros, him along with Eric Balchunis. Hypes ETF finished the day at 1.8 million trading in his opinion. Very, very solid day.
better than your average ETF launch for sure, but nothing crazy. And there's going to be another hyperlquid ETF launch next uh month here. That's going to be coming from Bitwise soon. And looking at this, we gave a couple predictions said, "All right, we lose support at 40. I am predicting a bounce here. Right now, we're trading at 39.
It's just catching the bottoms right here." So, that's what I'm seeing for Hyperlid. Uh then I also added this 4hour double dip bounce. What's the 4hour double dip that DZ is referring to? Well, let's pull up this. You see it every time. I put this in a video. If you if you missed the upload, just quick, real briefly. What does the RSI do here? It's a double dip. Double dip.
It's a double dip. It's a triple dip.
Double dip. Double dip. You see it time and time again. Double dip. You see like what I call it in the video, the the portion of a batarang. It looks like the bottom of the Batman symbol. We go to the uh E 4hour RSI here. No double dip yet, Drew. I'm expecting a double dip before we get a bounce just because you end up seeing that with Hyperlid's RSI.
You see it almost every single time. So, I'm just saying the probabilities are saying maybe this is going to repeat.
>> Yeah. And you know, Hyperlid, it's you you said it really good and it made me look at it a different way where it really respects the round numbers for some reason.
>> And when I was looking at the chart from a larger perspective, it absolutely does. So, >> Oh yeah, for sure. That's like, you know, now that we're losing 40 bucks, if Bitcoin and and crypto can't really hold itself together and we do have to go visit the middle of the range again, >> 30 would be the swing low right here.
>> Exactly. And that's that's kind of the range where I like accumulating hype at.
Um, you know, but that's just in the current time frame. And we ran some tokconomics review on Hyperlid this week with Crank. I think it was on the blockchain basement. And I mean in general it has upward trajectory upward growth but there again is a lot that can change good or bad depending on if that burn mechanism vote goes through or not for hyperlquid. So worth holding for me?
Yes. But it might be something big if they can actually put that proposal through. Uh does midnight help or hurt ADA?
I think it hurts it slightly but the promise is it's going to help it in the long run. Time, you know, only time will tell on that one. Uh interesting debate.
Uh what are you saying? If a crypto isn't proof of work, it doesn't mean that it's garbage. No, it is garbage if it relies on a third party. Can crypto be proof of stake and still be crypto? I guess in your opinion, Drew, or do we need that decentralized compute network?
I think that decentralized computing networks and proof of work is an immovable object that will reign supreme in the long run.
People are greedy and when you involve a person into anything, usually there's problems involved. And I felt like Cardono was that last chance we had to see a true like a good decentralized proofofstake system work. and it hasn't played out very well. It has not played out very well. So, you know, I want to see Cardono win and succeed because of that feeling that I have, but humans just keep proving me right time and time again. You know what I mean? So, I want to be the hopeful romantic, but um I think when you inject, and here's another thing. If a person is behind the driving the the steering wheel of a project, they are black baggable. they are um blackmailable, right? They are controllable by whatever government that's overseeing them in their jurisdiction. So, that's another thing that I don't really like about it. But, I do go in and make money off of these things when the season is ripe. But, it's all about timing when I'm when I'm putting my capital into these proof ofstake type setups. Absolutely. Um so, that's my opinion on it. It's kind of nuanced, but in general, long-term, I like proof of work more than everything else. All right, I just put in a Bitcoin long. I'm just playing and just dipping my toes in the water with the Bitcoin long scalp long. This is not some long-term prediction. We're we're pumping the rest of the month of May.
But I just noticed that fiveminut RSI.
Yeah, I know. I know. Fiveminute RSI maybe starting to do a little bit of a turnaround. Maybe getting a little bit of a curvature. And you can see starting to put in those bull divs. And the bull divs are getting out of oversold into the neutral territory here. So, I like a little bit of an entry below here. I wouldn't put in the whole trade. You know, put in a quarter, put in 20%.
Maybe put in half around here and then maybe put in the rest as we go below the wick. And then if we go a little bit lower, that's when you cut and run, but might see a little bit of a bounce here.
I don't think we're quite at this point.
I feel like you were watching my screen cuz I'm testing out that little I just put in one as well. So, uh we'll see how it plays. I'll I'll kill it if it breaks below the 794 spot, but you know, we got to we got to risk it for the >> Did you hear about Alex Becker going to jail? Almost.
>> What? They almost took him to jail.
>> They almost they almost gave him 15 years like just recently.
>> For what?
>> Would it surprise you if it was gun smuggling?
>> Absolutely not. Absolutely.
>> Well, are you ready for this story here?
Uh, all right. I'm ready to talk about this. This is the worst month of my life. Also, ironically, the greatest blessing God's ever given me. Last month, I was held in the Cayman Islands facing 15 years in prison. Drew, what are the Cayman Islands known for?
>> Uh, God, I mean, all I I I wouldn't be able to pin an exact >> avoiding taxes.
>> Avoiding taxes. That's true.
>> It's a It's a It's a bank hub.
>> It's a tax haven.
>> It's a tax haven for interesting tax strategies. We'll just say that. But anyways, I digress.
>> Last month, I was held in the Cayman Islands for facing 15 years in prison.
The charge, illegal firearm importation.
Here's what happened. More importantly, what I learned. Short answer, no. I haven't been smuggling guns. In the States, I legally carry a gun on me at almost all times for felh for self-defense. Part of this is ensuring I am trained. Hence why I routinely go to the range to shoot. When I do, I pack the firearm I intend to use in a backpack. Last month, I was in a rush to make a private flight. Didn't fully check the backpack, and it was my gun.
And it was discovered when he went through immigration. At first, he thought he'd be sent home. Then the wife did a little research. Looks like, oh no, minimum sentence 15 years minimum.
The police showed up. Oh yeah, they confirmed it. See, I nearly pissed myself is an understatement. He almost pissed himself. Not when he opened his altcoin charts, but when the cops like, oh yeah, you you facing 15 years. Uh, scroll forward here. Scroll forward here. Uh, let's see. Luckily, Cayman's is a fair place. I was found under exceptional circumstances during my trial. Aka, the judge saw had millions in the Cayman Island bank accounts.
Sorry. Sorry. The judge and the courts reviewed the case and agreed it was an accident. I still love the island.
Probably my favorite place to vacation.
Just check your luggage before you go.
Yeah, you're just going for a vacation.
You were going to your banks.
>> No, >> no, no, no, no. My point is mistake, though.
>> Be present. Enjoy your life. One day something could happen even by complete accident and yink it all away. Uh, it's the greatest blessing I ever received.
I'm writing this from my office at home.
Giddy about my life and everything I have the option to do today. If anything, I'm sad about how much time I wasted feeling otherwise. Don't be ignorant. stupid like me, you might not get the blessing of a 15-year prison threat to wake you up. Wake up.
Appreciate what you have. Now, one of the things he talks about in the middle is basically I become a fool. Couldn't enjoy the blessings already had. He worked too hard saying he worked too hard and then this kind of woke him up.
And now I'm like, does that mean no more Alex Becker videos? Next altcoin bull run.
>> That's a total rookie mistake for a Second Amendment enjoyer. So hopefully he learns his lesson, but uh do better, right? do better, right? You got to pay attention where that thing's at and especially in airports, right? I mean, with everyone's feelings about it, >> well, who knows what the private runway was like. It could have been like, you know, just some rinky dink. It wasn't He wasn't go to like Hartfield International or anything.
>> Yeah, that's a good point. Um, anything big though, I mean, you just got to assume, you know, that you you got to really understand that you're, you know, going to be landing in a new country and you better damn well understand exactly where you're landing and exactly what processes you're going to have to go through to get through. Um, so yeah, rookie mistake, Alex. Rookie mistake.
Unbelievable.
>> Crazy stuff, though. Crazy stuff. All right, let's talk about the Clarity Act here. Since last Friday, the American Bankers Association members have sent more than 8,000 letters to Senate offices urging lawmakers to fix the stable coin yield compromise per source familiar with the effort. Apparently does not include a separate phone call campaign. And so this consortium of bankers, the banking industries champion, they fight for the banks. They don't fight for the consumers. They don't fight for you and me. They fight for the big wigs here. They had their member send 8,000 letters to these Senate offices. And now we're looking Senate Banking Committee members have filed 100 amendments to the crypto bill ahead of tomorrow's markup. So we have the Banker Association do a letterw writing campaign and all of a sudden oh we got a hundred amendments for this banking bill.
>> Shocking.
>> It's a coincidence, Drew.
>> They're not fighting for the banks.
>> Never.
>> That was a quinky dink. All right. It's for the constituents. All right. Come on now. Now, US senators file 100 amendments to the crypto bill ahead of the markup. And members of the banking committee, 100 for this markup tomorrow with the proposed changes mostly related to stable coins, software developers, ethics. Democratic senators or Democrat senator I hate it when they say it.
Democrat senators have proposed dozens of changes while Republicans are seeking slight adjustments to the bill. Though the Democrats are the ones with the the dozens of changes, looks like Republicans trying to tweak a little here, little there. Stable coin yields have been the bill's most contentious provision. Imagine that. American Banker Association letterw writing campaign, a 100 amendments, and the main thing that they're fighting over, do the banks get to strangle hold yield? Do they get to prevent consumers from getting yield off stable coins? They're not fighting for us, folks. Democrat senators Jack Reid and Tina Smith introduced an amendment to strengthen the prohibition of yield by using a substantial substantially similar test rather than an equivalence test. And so if it's any like anything like a stable coin that sits passively, you don't get any yield basically. So you're not getting any yield. Now Democrat Senator Chris Van Holland pitches an ethics provision. We've talked about this before. The Democrats and some Republicans have supported which would bar the president, vice president, senior officials, members of Congress, and their families from owning, promoting, or being affiliated with crypto. You know, the Republican compromise. I don't know if all the Democrats are going to land on board with this, but have you seen what they're talking about? They're talking about move the ethics provision to 2029.
>> Okay. Kick that can down the road >> until Trump leaves office.
>> Gotcha. Okay. I don't know if say an Elizabeth Warren would be okay with that though.
>> Yeah, I banking is such a scam, man.
Like I had a good bank and it was bought out by uh PNC >> and all of a sudden PNC is charging like 20 bucks a month to have an account. I mean, it's like a small fee, but it's super lame and they don't give you yield. So, it ends up costing like a couple hundred dollars a year because I have two accounts. They just took over the bank that I actually liked. They charged me to even have a bank. And that's the pain where I would go fully onchain and just live com.
But I don't see many projects giving routing numbers or actual banking checking account numbers that you can use to send straight in for your mortgage and things of that nature. So that's the annoyance. And I've seen some projects that were able to crack that code and get routing numbers, but then they freaking died in the last bare market, right? So, it's a struggle. It's a definite struggle bus and banks are still in control. That's the ugly truth of it.
>> We want to give a shout out to Democrat Senator Katherine Masto also plans an amendment protecting software developers. This one's very important.
This is the one that would enable DeFi developers to make code and not have to worry about, well, North Korea used it 2 years later, so now you're in jail. And you're like, I published ones and zeros.
Literally ones and zeros. I hit enter and I walked away for two years. Yeah, but someone used it years later. And so that's going to be good. This is a Democrat senator from Nevada.
>> So that, you know, a little bit more of a >> I would say middle of the road Democrat policies over there. Uh, Democrat Senator Andy Kim seeks to reestablish the Justice Department's National Cryptocurrency Enforcement Team, which was dismantled in April of last year.
Republicans also control the Senate, but they will need some Democrats outside to pass it with a three-fifth majority, aka 60 votes to end any potential debate on the bill. So, that's where we're at.
That's the latest developments. 100 amendments, 99 for the banks.
>> Last minute, too. Fantastic. I mean, they they always say that this is going to get passed this week. Oh, but wait, there's more and then we have to sit there and hear them fight about it forever. Um, that a month later it'll come out. It's right around the corner.
It's such an edge job, you know. Such an edge job. Just absolutely terrible. I have you checked Poly Market lately to see if uh we're still um kind of angling toward the Clarity Act actually getting passed.
>> Good idea. That's a good idea. So, you just pull up Clarity pops up. Let's see what we're looking at here.
Looking grim. I I'm still on the 2027 camp, you know, but we'll see.
>> I guess maybe I got to go to politics.
Their drop down isn't working. Maybe a lot of people are using it.
>> Maybe.
>> Uh midterms, Fed chair, Elon Musk tweets. Why is that under political?
That makes no sense whatsoever.
>> Because he was part of the political spectrum, right?
>> Okay, there it goes.
I type in C L A R for clarity. First thing that pops up. Claude and clvicular.
>> What the heck is the clavvicular bet?
What What are they even talking about here? Sentenced to prison.
>> That might be a fun bet today.
>> Oh no, no, no. D looks max. Drew.
>> No. Absolutely. The guy's a psycho. He's sitting there.
>> No. Wrong. You work out. That is looks maxing.
>> Is it really?
>> It's a broad term.
>> Okay.
>> You don't have to do a bone smash to say you're look maxing.
>> Bone smashing was just like what are you doing? you know, and he's like 18 years old or something on steroids and he he can't even lift like 135 pounds on the bench. It's pathetic. You know what I mean? I don't respect that.
>> I think some people would rather have aesthetics than core functional strength if they were trying to maybe find a wife. Drew, >> a pathetic. Absolutely pathetic.
>> What if they're single and they don't want to be forever alone?
>> Then you you don't a woman's not going to choose you for your looks, right? I don't think >> Can someone in the chat correct Drew for a second here? I don't think a woman's cuz I know a lot of dudes that were super funny that were completely out of shape and they got total babes that >> I know people with the personality of wet cardboard that also get total babes.
>> Yeah, but that one cheats on them and leaves anyways, you know.
>> But I thought you said it didn't work.
>> I just I don't think that the looks maxing and the working out is the play to get a woman that's going to stick around for a while.
>> Well, that's a different thing.
>> No, >> I just said people are attracted to looks. He said, "No, they're not. They won't choose that way."
>> There's no disagreeing that they're attracted to looks, but it's about how long they stay attracted to them, right?
That's where my mind goes.
>> I believe it was I think it was Nor McDonald.
It's not basically anything a handsome person or a beautiful woman says is funny.
>> Yeah. And there there's like stories about there's like personal anecdotes that I'm kind of blanking on, but uh you know someone will tell a joke, it's not funny at all, but then the Chad in the office tells a joke and every he's so funny. He's like, I just said that joke a day ago and it was crickets.
>> I I'm going to start paying attention to that then.
>> I looking at the Clarity Act though, looks like it has fallen, especially recently here. Look at the last week. Uh we are peaking at 77% odds we were going to see this past. It is now down to 60%.
Mhm. Yeah. I still I think 27 I think this is going to take a long time. Um if it ever comes through and you know I think that this is a probably going to be something that we're going to have to hear about and they're going to go back and forth about for a pretty long amount of time before it goes through. So what >> I have a grand dad dad bod.
I mean I guess yeah maybe when grandfathers were in their 40s and you know they were in like World War I at 16 years old. Hardwiry.
>> I have a granddad bod. You know what?
Here I'm going to clarify something.
>> I thought they were saying I have the granddad bod. I shoulder pressed 225 pounds this morning. So I don't feel like a granddad. Um, but I also don't care about the steroids and the aesthetics of it, right? Like I'm not trying to inject my shoulders to make them puffy and then have the same I lift just as much as these steroid [ __ ] in the gym. Doesn't do anything for you.
Um, >> if I was All right, we're we're going to get back to crypto. But if it was a choice of powerlifter strength or aesthetics, but you only have like 60% of that person's strength, I'm getting the aesthetics. But anyways, that's because powerlifterss look like I I don't know, blobs. They look like bean bag chairs.
>> I'd go for the powerlifter look. I mean, that's something that you you would have to use a 50.
>> I don't want the body of a bean bag chair, though.
>> Listen, more cushion.
>> Let's talk about Kevin Worsh. Not for what? Anyways, >> for her pleasure, Dy >> strapping it. What's going on with you?
>> Oh. Oh, I don't know what you're talking about there. All right, let's talk about Kevin Walsh. Kevin Walsh as Fed Reserve Governor did pass with the chair vote expected here. It's a 51 to 45 vote in the US Senate. lawmakers cited on party lines with one Democrat, Democrat Senator John Federman to approve Donald Trump's nominee. So those party lines except for the Pennsylvania senator often wears the sweatlo, but he aligned with the Republicans here. So Kevin Worsh on the path towards his Fed chair and let's just say not likely we're going to see any kind of rate cuts anytime soon. Now you ready to talk about the China trip here. Going to China with Trump. Teamwork's off the charts. We have Apple, Black Rockck, Blackstone, Boeing, Cargill, uh I don't know, City, Cisco, Coherent, GE, uh their military contract division here, Goldman Sachs, Aluminina, Mastercard, Meta, Micron, Qualcomm, uh Tesla, SpaceX, and Visa. There's only a couple of them though that are actually on the plane. The only two that are on the plane, Elon Musk, and Nvidia's Jensen Huang. They're among the pastors who got to fly to China with the president. The other brokies, no, I'm just kidding.
They are on a different plane. Musk was among the first people to step off the plane after it landed along with Mark Rubio, a little little Marco as they used to call him. Pete Hexth, I could do a push-up according to the White House travel poll report. Close behind was Huang, CEO of tech giant Nvidia or when the jet refueled in Anchorage, Alaska. I like how Huang's like, I'll catch up with you in Anchorage. What did he fly there?
rocket ship. I don't know. Both CEOs have complex dealings with both US and China. Tesla counts China as a key market. Mus has repaired his relationship with Trump after tumultuous end to his stint at Doge. Yeah, they're remember when they were fighting for like that week. Hong has been in uh tango over the sales of advanced AI chips to China. Of course, Hong wants to sell all the good chips to everybody.
American government officials like, "Can we not give China the good AI chips?"
Oh, come on. I'm like, "All right, all right. Okay, we'll wait till they're 2 years old, then we'll sell it to them.
More than a dozen other business leaders are traveling to China for Trump's visit. And their meeting started at 10:00 a.m. there local time. I don't And we'll probably get more details as the day develops.
>> Think they're going to go to McDonald's?
Is there McDonald's in China?
>> I believe so. I know KFC is the big American chain that is represented over there.
>> Maybe they'll they'll take a visit. I mean, the world needs that photo op to heal. I think uh Trump Xi Jinping sharing a meal at KFC or McDonald's would help the market >> like Huenta like looking through a window. Yeah. Like >> absolutely.
>> Jack Ma like in prison garb like looking through the bushes.
>> Oh god.
>> That's the Alibaba CEO that they kidnapped.
>> Yeah.
>> Uh re-educated. Sorry.
>> Yeah. It's it is um it's going to have a calming effect on the outlook of this situation that's happening in the Middle East spiraling out of control over the next few years. But, you know, um it's nice to at least see the two biggest uh superpowers on the planet willing to discuss with everything going on. That's a good sign.
>> Oh, look at that. Look at that. I told you put your Oh, it didn't quite hit it.
>> I got stopped out already because I put it right under the wick, but it's all right. I'll I'll be snooping around for now. It's really trying to bull out.
It's trying to bulld out right there.
So, we'll see if we get >> This is This is the entry I like here.
>> Yeah. Okay.
>> That's why I was saying if you're trading wherever it was like 20% of your trade. Don't don't go full tilt here.
>> Yeah.
>> I think it was about 20 minutes ago. So, 5 10 15. Yeah. So, we were saying, you know, be a little careful, maybe enter a little bit more towards the bottom part of this wick, but entry around here like it didn't quite trigger, but hey, still a little bit of time here. We should Can we do just a quick look at the altcoin sector on Coin Market Cap to see how much blood that wick caused because it probably is looking pretty grim. We're already on our way downtown.
>> Let's go to the 1 hour. So on the 1 hour, Bitcoin's down.5%.
Uh Worldcoin 1.8, Pingu 1.6, Athena's down, Venice, Venice is now down 16% today. Toncoin's down a lot. Zcash is, you know, over dumping. Morpho is down.
Tao, Salana, Filecoin, Sui. Really, it's about everything.
>> Yeah.
>> Worse than Bitcoin. Oh, look at that.
>> It's a mixed bag. Canton and World Liberty Fi.
>> That's wild. And you know, yesterday I was talking uh Boomsky said Venice was going to take a hard tumble. And he rarely uh chimes in to talk about an altcoin price prediction or any sort of short-term price action. And he was warning about that um in the Discord and to me in the office, man. And that thing I wish I would have freaking because I long to the momentum and made good money on the upside. I should have just reversed it. I should have just put my finger down and reversed it. So, oh well. Next time. Next time.
>> Hang down, flip it, and reverse it. All right, let's see. What do we have? Not quite a topping tail, but pretty close.
>> Nasty pullback. That's like 20%.
>> What does it look like on the fivem minute Venice here?
It's just steady down.
>> Yeah. Downtown. And I had the long in literally on that wick that you just pulled at me.
>> Now down 25% last 34 hours.
>> I should have flipped it down and reversed it. Man, >> should have, should have, should have.
Uh, speaking of reverse, looks like Nat Gas might be looking at maybe a little bit of a reversal. That's the UNNG. Uh, that was the ETF that we were looking at. Looking at just spot prices here getting a little bit closer to maybe hitting a potential line of resistance that a lot of people watching the straight horses looking at international markets saying well this should maybe reconcile maybe turn into support. So keep an eye out on that. Do want to give a big shout out to Bitcoin IRA. You want some just let's just say tax advantageous strategies you should consult any local tax official but they have people on the team that you can talk to. You can open an account in under three minutes. And again, we have a link down below for our partner there.
And if you want to check out the trading competition on Zumx, free money, just register. Uh you can do P&L or you can do volume, maybe trade against me and Drew.
>> Absolutely.
>> Drew, you're going to look at some charts though, right?
>> We are. We We're going to keep digging into the charts and it's going to be probably pretty exciting with all the uh the price action. I'm going to bring up a dear friend of the channel here in a minute uh that many people might remember, so I'll get my headphones on and bring them up. But a lot of news cooking, you know, a lot of uh action on the candles, which makes for a good volatile day. And uh there's always money to be made with the volatility.
So, we'll be snooping around for I'm going to bring him up on stage and uh see what he's been up to here. Piano Matty B up in the stage. And I wonder how this is going to play out in terms of the There we go. So, we got Piano Matty B in the corner. What is up, Mr. Piano Matty B? Good to see you.
>> Holy smokes. It's been a while. Been a while. How's everybody doing?
Uh, you know, I can't complain, Maddie.
I cannot complain. I'm sitting here with Dy watching the market go downtown and I'm interested in your targets. You always got pretty base takes. So, what do you got for me?
>> Well, even on the 4hour chart, like we got to get one thing straight. The market is not moving. So, even this like this, oh my gosh, the market's dumping, right? It's really not even a move. And it's like it's when it comes to the technical astrology, we're just kind of making mountains out of moills because it's not really doing anything. And I I put in this little M pattern couple days ago saying that would probably play out to 78.9.
And here we are 79.2. So we're 300. I still think it'll probably probably hit it. Maybe throw a little uh long hair don't care wick underneath and then bounce up. But that is a pretty good level that the market remembers. Look at look at back here. This is this is a weekend where basically Bitcoin snoozes for about 48 hours till uh Asia opens up and we were just right around the 78.9.
So it should provide some decent support uh if if we get there and of course if it doesn't I mean this is the 4hour chart. We basically go up over the 200 and then down under the 200. So the 200 moving average is about 77.3. And you like here's the thing. If we were to dump to 77.3 I I mean you could imagine the sentiment at 7 77.3 from here that's it's 2.3% like what are we doing like it's nothing right >> the world is over Matt the world is over all right and let me ask you this so basically we've been covering a there was Benjamin C talked about once we hit the 200 day moving average That's basically the short-term pump. And then it's back downtown to Chinatown. And we hit around 83,000 bucks, which also lined up with a volume node that I was looking at from my metrics. And so I've been kind of looking for this roll over to the downside. Where do you think that Bitcoin's going to go back down into the 60K region? Should we start losing some of these supports in the higher 70s, Mark? Like what what are your opinion of that? Well, one thing we always forget, even in when the cycle's up, you know, 2024, 25, 23, even, we always forget about the summer bummer, right? We we kind we're excited for the price to move. We want it to go somewhere. It's summer. It's getting nice here in Canada, but we always forget the summer bummer comes along and we basically snoozefest until September, October. But the funny thing about that um that Ben Cowan thing is that I've been talking about that on my channel for a long time. And just just to show you like you know it's right around this time where we get a lot of things are different this time it's different you know that type of narrative comes along but when you really kind of do a forensic on how different it is it's really not that different. So if you can see here this is the 2021 peak right now how far it went down till we finally hit a bottom was about 52%. Right? seems pretty violent, but not that violent. Thinking back 2021, 51% uh dumps, not that much.
But if we compare that to what this did here, that's a little messy. Excuse how messy these charts are. Oh my god, I'm almost embarrassed how messy they are.
>> So, this is the 126 peak and then down to 60. You know, it's 52%. It's the exact same dump, right? See? Uh, and then so now what we're talking about here is that we usually get this relief rally back up to >> um the 200 moving average or this is on the weekly. Uh, so it's usually the 50.
I can't talk right now. Duke, I'll be there right in one second.
>> Ready to go. The boy's ready to go. I know. I'll >> talk to you in a second. He's he's apparently he's sick. He can't go to school, but he's seems pretty fine when he's playing video games. But so here's here's the funny part. This relief rally right here, this is 2021 after a 50% capitch, right? This is like why are you even showing me this? This is nothing.
This is no, this is not a big move. This is is nothing, right? Could we forget?
But look at this. From here to that relief rally, that was 40, let's call it 6%. 46% relief rally. Now, that's pretty great. And right about here is where everyone had that moment where it's like, okay, we're back. Are we back? Are we back? I think we're back. I think we're back. This time's different. And of course, we went all the way down. But take take a look at this. That was 47% the relief rally. So where are we here in this current relief rally?
Uh we go from the 60K here.
We're at 36%. So we're roughly 10%.
That's why I have this 87.2 >> up here because this is where if we would like to have a pure historical fractal and do do the same thing where we're not talking laws of physics here.
There's nothing guaranteeing anything.
But if we were to be behave like that, we could maybe see 87.2. And you can imagine this. Imagine the sentiment at 872. We're back. Bros are back, right?
We're back. This time's different, right? And even if we're at 87.2, we're it's not really that different. But here's where it gets a little bit dark, right? If we're if we're going to compare all these historical fractals, we have to do the conclusion, right? So, after that 47%, we're back right here.
Again, we're in 2021 now. uh it, you know, threw a long hair don't care wick up here and then we basically went down another 68% after that.
>> 68%.
So, uh, if we're going to run all these scenarios, what would happen if we, you know, first followed the relief rally of 47% up to 872 and then we saw a similar cap pitch event of a, you know, let's call it 68% from 87.2, we would uh, damn it's not big enough.
Here we go. 87.2 2 down 68% would take us to about 29K and that's why I have this bottom of the bare market November 9th 2026 29K. Now, do I think it's a little bit hyperbolic and violent to see a 29k Bitcoin price at the end of this bare market? I do. But if we're just comparing apples to apples, this is what last time did. Now, everyone says, "Oh, we had a muted bull run. Maybe we'll have a muted bare market." But when you talk about that 60% level, you know, like as soon as this is my telltale sign, as soon as I hear um other channels that I watch start saying we will never see this again, it's almost guaranteed we're going to see it. And I've heard I've heard a lot of big channels saying that this is it. 60s the floor, you know, it's the sport. It's it's this cycles uh support line. And as soon as I hear that, I'm like, well, we're for sure going to break it then.
>> You know, I I understand what you're saying about the fractals, but I also we are we taking into account the exponential difference between the size of market cap from the last bull market to this bull market because we were at $130 billion when we had COVID. It dropped us by 65%. we fall all the way back down to that guttural low of 3500 bucks. And now, you know, even with a little bit of death wobble, we're at a $ 1.5 trillion market cap. So, you know, from a money physics perspective, it is much more difficult to move a $ 1.5 trillion market cap up or down in any degree. And I I do kind of want to show you what I'm you know what I'm looking at on the charts as well to kind of get a comparison because you know we are on the edge of maybe another kind of a lockdown uh narrative taking shape right now and so I'm trying to set the targets virus >> the entire thing you know what I mean it's it's it's all the buzz these days so >> um I can tell they're shilling it the world health is is shilling it. So, what I was looking at is essentially this time frame where we were on the edge of the lockdown chill. Uh, from that local high down to the low, we dropped by about 63% at $135 billion market cap.
And now we've, you know, we're we're sitting here, we've fallen for sure by about like 50% from high to low where we're sitting currently.
And you know, let's just say we keep and I'll war game this in in the idea that we run up to 87 to kind of match that uh channel you're looking at.
>> So if we run up and then hit the volume node of that uh you know last kind of bare flag that we fell down out of, >> you know, down to 55,000 would make a 36% dump. Down to 40,000 would make a 53% dump. And basically, you know, I am of the opinion that the world cares about half as much now as they did when the last shutdown happened.
>> Yeah.
>> Um, you know, and I at very minimum, I feel like I actually feel kind of more short-term bearish than you do, right?
Because I I feel like this channel is trapping Bitcoin's price action. And you know, it's it's basically angling towards the midpoint 76. Like I'm I'm actually kind of feeling like, you know, comparing these two bare flags together isn't 100% honest because this current one is a lot longer than the one that we just fell out of. Um, and I I've always had this idea that and it's not it's you can call it data or an idea, but when you have ETFs and institutional buys, they're bigger buys that hold um bigger portions and the downside can be bigger, right, if they decide to dump. But the guts of the volume and like the real heavy step that I think Bitcoin would be able to bounce off of is 60K and then 55K and then this target is from Crypto Crank. So you're saying you're looking are you looking for a $29,000 Bitcoin at this point?
>> I'm kind of dreaming about a $29,000 Bitcoin to tell you the truth. I you know the it's it's my low probability.
It's kind of like the doomsday event, but I mean come on. If you're a real Bitcoiner, it goes down to 29K, you're going to be ecstatic, right? That being said, because I want it to is almost guaranteeing it won't. And the thing about that 60K mark is that I just keep keep track of how many people are on the side of that boat, right? So, when I when I hear pe a lot of people start talking about it, 60K this, 60K that, it's like, well, the market won't do what all the participants think it's going to do, right? So you just got to keep your keep your eye on how many people are thinking it. Is this the narrative? Because the market likes to destroy narratives just when everyone kind of dog piles in on it. So that's why I keep uh you got to remember like the 200 moving average on the on the weekly chart is around 61k, right? It'll probably go up a bit.
>> So, you know, we historically go under the 200 moving average on the weekly chart. Like if we go back to, you know, uh 2021, you know, we were we were underneath the 200 moving average for how long is this?
Let's just call it like 60 63 weeks. We we haven't really even like we haven't even touched it even down here at 60K. I mean, we're still above the 200 moving average. So, it's got a it's got a a little bit of work to do if on that downside. But I agree with you. the market the market is is changing and the market participants are different. So, there's an argument to be said that the ETF buyers, which are retail, um, you know, maybe they're a set it and forget it type of they get a call from their financial guy, hey, you should put 3% in Bitcoin. Okay, whatever that is, click, right? And they just put 3% into Bitcoin and they don't care, you know? But then again, I'm I as retail, I do believe that they can be irrational and a lot of these ETF buyers are boomers, right?
Right? So boomers have two things.
Doctors and financial adviserss, right?
So whatever those two people say, they do.
>> You know, that's why the the haunt virus is like, "Go get your eighth booster."
They're like, "I'm a common." And they're right to the doctor to get it.
>> Oh. And and I want I want to ask you about something else as well that I was I was kind of looking at on the chart.
So the four-year cycle from like top to top just simply does not change so far, right? So it's like 1,400 days from this 2017 to 21 top. The top that we just have gone through that we now have data solidified from was again 1,400 days.
So, in terms of the general eb and flow of Bitcoin's, you know, upside, we've had this situation of diminished returns, um, that has not stopped on Bitcoin either, where it's like this pump from high to low or measuring I think it was like 9,000%.
Was it? Yeah. 6,000% from this local spot, but then you go forward and it lowers. It keeps lowering. And I ran the math on this like from the exact points and put that into a basic equation where if the diminished returns and diminished losses metrics that we have now continue, that would basically leave the time frame of the blowoff top unchanged.
And the targets to the upside measured from each one of these green buy boxes are different. like this bottom green box with diminished returns and gains taken into account and not doing any moonboy math would take us to about the end of 29 at 160 170k if we do end up proving that you know right around 55k is that bottom the top of the end of 29 is around $200,000 are you what are your opinions just knee-jerk reactions to looking at something like this for Bitcoin over the next few years.
>> Well, I mean, diminished returns are a very dirty word when it comes to the potential of the Bitcoin price. And I've been kind of harping on the diminished uh kagger, much to the chagrin of the channel analytics because people don't really want to hear where it might go.
But uh if we just follow like if we go all-time high to all-time high like you were talking about we have 11,000% you know back in 2017 and then 2021 had a 21,000% gain but an 80% decline right in in in the potential gain from 2021 to 2026% decline and a 700% gain. Now we're going from from all-time highs to all-time highs. Now, basically we're seeing a 50% keer diminishment, right? We're getting a haircut of approximately 50%. So, your target of 160 is pretty close because if we have a 52% decline in keer, 700% to 330% takes us to about 170k in October 29th. But at that point, this is this is where the dirty word comes in, right? 7% keger at 7%. This is this is why this bull cycle to me is Bitcoin's do or die moment because now before I get into this there is a chance that there's like Christopher Nolan epochs like we have four cycles that become one cycle and that's known as that one cycle then we move into this new cycle of of four right so there's that but if we hit October 29th and we're we haven't broken 200k and we're up around 7 8 9% less even a 10% keer compound annual growth rate what are we doing we're now underperforming uh debasement and inflation and like all all the boomers S&P indexes right so this this has to change for Bitcoin's future because like a lot of the things that are running on top of Bitcoin like for instance Michael strate or m Michael Sailor's all his derivatives aren't factoring in a 7% kegger. Right? So now where it gets worse is that um it does get better, don't get me wrong, before but let let me say if we follow a 50% haircut on from KGER from alltime high to alltime high, well we go from 7% to 3%.
>> Right?
>> And that's in uh >> that's 2033ish and we're we're we're at 191. we sell them broken 200k by uh 2033. Now, this is why we need things why I'm kind of more bullish on the fact that maybe I'm super wrong on our historical fractal and things are different. Right? Because we need something novel in this cycle to stop this diminishing keer.
>> Right. Right. Right. Whatever that is, I'm not sure, but we need it.
>> Well, it's not that we have a complete go-ahad in terms of what crypto can actually provide. Like the staking ecosystems is being tested and kind of questioned by banks right now. And currently the strategic reserve is only interested in confiscating Bitcoin. Um, you know, but the idea of other governments, auxiliary governments actively buying Bitcoin is something that we've started to see. It's just it hasn't happened with the United States or with another big one like China. What would be a catalyst type moment where Bitcoin actually does kick the diminished gains to the sideline and start to find that hyperexpansionary moment in in your opinion? because I got a couple ideas for myself, but you know, I kind of want to get your opinion if there is anything that can kind of stop this slowing growth for Bitcoin every four years, every four year cycle. Well, there's a couple things that are kind of on our side. A just the dollar going to zero, right? So, people have to find a store of value somewhere now. Maybe maybe they're rotating into AI right now, but at at the end of the day, that's not changing. the dollar is not not going to zero right and then if we have nation states coming in and buying and when I compare narratives that don't happen but happen later so for instance there was the ETF uh spot ETF narrative in 2021 and we were like it's coming it's coming it's coming it was kind of the big carrot and then it never came and then the next cycle okay we get it right and now this this past cycle we're talking about nation states, nation states buying, you know, this is this is going to be the next big thing and it never happened, right? So maybe in this bull cycle leading up to 2029, we see that and that that's the final boss of of volatility and and and liquidity, right?
When you see massive nation states buying, they're not buying like ETFs even. They're probably putting their whole country's legacy on the line in order to get ahead of it. Because really once a country or some leader of a country realizes that he who buys the most Bitcoin the fastest wins.
>> Like isn't it weird that that hasn't come about yet? Like some >> well like El Salvador kind of was that small up and like a country that had a lot of fixing to do, right? That really hammered into Bitcoin and their performance has been incredible, right?
Uh so >> they have the stats for profits on their side. they have the time of investment.
Um, you know, and personally, I have a kind of a darkhorse theory that we're probably going to see the lack of interest in government fiat increase and the trust between governments increase because of this. You know, I I'm of the opinion the conflict's not done. Not even close. So, I think the trust is going to diminish between the countries and they're going to have to actually do something like a hybrid Bitcoin bond type setup where you get the outlook of the upside of Bitcoin as part of a package within the Treasury bill. And I see a couple inroads for the Treasury building out new mechanisms to sell these treasuries on chain. Right? So, it's kind of a heady concept, but I do see this kind of playing out in the in the time frames that we're in. And honestly, if we're looking at a low-end target of $170,000 for Bitcoin over the next, say, three years, we're sitting at 70K, right? And I bought a good amount at 60. I bought a good amount at 15. But currently, if you're someone brand new that's just learning about Bitcoin, should you really be that upset if you're looking at a a conservative growth target of 60,000 up to 170,000 over the course of three years? Does that is that something that should make you angry as you know someone that's like trying to outpace inflation? Like what do you think about that concept?
Right.
>> It really depends on like people's time horizon, right? So a lot of people will be attracted to Bitcoin for almost the mythical number go up and the parabolic blowoff tops and all this excitement that comes in. And so you almost get desensitized to what growth really is.
And now what's happening also is the legacy stock market, you know, is also bringing back these returns that are astronomical, right? They're they're outperforming Bitcoin really. So people's expectations of gains are right out the window because if you were to buy anything at 60k and it does like a 2 3x, you are extremely extremely lucky that it does that and you you should just be so fortunate that you managed to triple your investment while everything else is going to [ __ ] as far as the currency goes.
>> Yeah. And it's it's understandable why you know because software has been going absolutely parabolic and you know Dezy's been having a lot of fun even trading commodities given what's going on with the uh you know the logistics pressures from uh the Middle East conflict but you know the likelihood of a 29k in my opinion kind of low but I hope you're right because that would mean you know 20 29 grand would buy me an entire Bitcoin right go buy a couple Bitcoin if it hits that level. Um, so I hope you're right. I kind of doubt you're right though.
>> Yeah.
>> You know, one thing that might actually make that play out though and I was I was looking at so the quantum computing threats to those old Satoshi era wallets. Are you is your is your theory for that price target any inclusion of potential quantum computing threats to the old school wallets in your opinion?
No, I don't think that um that threat will take place in this fouryear especially because like when you really talk about quantum computing a I don't know what the hell it really is. Like I've deep dived with Grock about, okay, explain to me the quantum threat like I'm a 5-year-old and it tries to go through it. And then when you actually dig deep into the technology that they need to have like a quantum computer doing this, it's it's actually it's almost astronomical. Now, we'll get there through AI, but I think by the time that happens, I mean, we we'll be able to patch things as we go. you know, it's just it's kind of like bad guys and good guys are always just kind of competing for where who's got the uh angle on it. I actually think the 29K um totally bearish probability would just play out just because historically Bitcoin does this, you know, like what in 2022, what what was it the FTX collapse that kind of pushed everything down to its final final goal? Well, it's we the structure of the candles is exactly like what you just mentioned.
The FTX capitulation leading up to that. The candles that we have right now in this range and the general design of it look exactly like June of 2022, right? So, and that's where, you know, kind of wargaming big potential risks. I saw the A situation go down >> and it didn't really cause nearly the amount of fear didn't cause nearly the amount of despair to crypto that I would have expected Bitcoin or crypto's largest lending market >> being exploited would cause right so I kind of saw the lack of downside from that and I saw a lack of downside from the Iran conflict breaking out right like I expected much lower prices given 30% of the world's oil basically stopped moving, right? Like we're talking about like energy crisises and nobody cares, right? It's Bitcoin's been going up in this time frame. So, you know, all that being said, like are you is there a certain time frame where you wait for Bitcoin to come before buying in this environment or are you just constantly DCA? Like, are you >> I think there's a I have two I I think there's going to be two capitulation events that occur. one will probably be probably be between now and say mid June and then at that I think I kind of mapped it out here this morning. Oh yeah. So here's my uh messy daily chart.
Excuse the mess everybody. Excuse the mess. But so we would basically from here come back down retest this channel of ascension that's kind of on your daily chart that you were talking about.
And then from there, this wouldn't be the capitulation event. This would just be the slow like grind down for like today's just we keep keep on doing this for a couple weeks and then we get that capitulation down to the 60K mark that we're talking about all this time. The support, we find the support, we get another relief rally back up to this channel of eternal monotony's resistance. Don't break it. And then we get the final one probably August, September, uh down to whatever I I have right here 59. This is the 69K or the 60K, but I actually think it'll go, you know, this is this 50.5ish is this um this was initially a bare flag, this channel, >> but like if we just like way back here, it was a bare flag. We just extended out because it seems to be respecting it. it you know if it does play out as the probability is 50.5 but I think at 50.5 what happens is that it starts to get dog the bearish dog pile kicks in and then we go a little bit below it but that that final push down will be August September now there's again this there's no laws of physics that are guaranteeing any of these movements what is the narrative a couple of the narratives that I think might happen is that we see a real massive uh inflation numbers, you know, some true CPI like it's all lies right now or maybe it just hasn't filtered through the system, but we all know that these numbers are fudged all the time, right? To control a narrative.
Now, if if you start believing your lying eyes, so like for instance, I don't know if this is Yeah, so this is what I had today. Like I eat ribe eyes every day. So there's no one that knows more about the price of ribeye than anything. Like the inflation on ribe eyes is is 100%.
>> Yeah, it's been pretty bad. It's been pretty bad.
>> Yeah.
>> Um Yeah, this is like I saw ground beef.
It went up to like seven bucks a pound.
Um here's another jacked up metric to throw at you, Matty B. Keep you on your toes here. And this is something that I kind of fear is that we have this a very very short time frame where we went into the red on money flow and weekly money flow is what I have used for you know a few cycles to kind of time the perfect times to buy and it's worked for me for two cycles previous right when we had this deep red money flow I knew that you know the secondary chance this red money flow right here was my chance to literally throw the farm in Bitcoin. And then this secondary chance right here, kind of the September of 2023, I just rinsed and repeated the pattern.
The problem that I'm having is that this time frame in the red for money flow didn't last very long at all. And we printed two double green dots, which though we've only done this one time in Bitcoin's history where we go below the 54 on money flow and then print two double green dots. And the price was like, look at the price. The last time we got the same kind of money flow setup, the price was 172 bucks, right?
So it is kind of maddening for me. like I understand and I I hear the reason behind all a lot of those Fibonacci levels you look at and a lot of the moving averages like coming back down to that but then I'm looking at the money flow and I was expecting a much deeper uh flow to the downside on money especially with what's given what's going on right now and it's it's been a very old school theory that I've had that once ETFs happen which is this you know all the ETFs all that action happened in the uh you know 49 to $70,000 region before the blowoff top.
We've fallen down to it and have very aggressively risen from that level. So, you know, I know you're already in Bitcoin. So, if this is a shallow bare market, you're going to be fine either way. But if we're looking at kind of two very very different sets of metrics here, um, do you give any credence to the data that money is actually already back into the green on Bitcoin? Like what do you make of this? Because I was expecting a lot more pain for Bitcoin with the energy crisis and everything kicking off.
>> Yeah. Well, I guess the the only thing I think about is that like the the the market and retail aren't kind of kneejerk when it comes to fundamentals.
The it's more like the ro the the bots that are knee-jerk. Like if if someone says this, then do this. If someone says this, then do that. So we see a lot of knee-jerk when it comes to the actual fundamentals that come out from the lies that are given. So by the time it actually works its way, I always look at it like the like with oil and um it being stopped for three months at $100 a barrel, it takes a while before the the heart of the market pumps it through the system. And by the time it gets to that system, like let's say in three to five months, it'll kind of make sense to see the market react in a completely bearish way. Now if you anticipate the price going up because of the money flow now that could be 3 to four to 5 months ago just working itself through. Right? So we don't see an instant knee-jerk reaction into the market anymore for a couple reasons. One of one of them is that at this state of the market in the in in the cycle, it's really only the the soulless ice cold psychopaths that care not for Bitcoin price that are sitting here just watching it with popcorn, right? So, it's it's really when you have the fragile noobs or the people with scared money that you know can't lose one more dollar that that's when you see the market move from a retail point of view. And and there's just no retail right now. like the only retail right now is the boomers and the ETFs and they probably don't care that much anyway. They don't even know what Bitcoin is yet. They just got the call you should do it. So until we see retail and if you really think about that 29K or that 40k that might make it juicy for retail that have just sidelined themselves because the law of large numbers have come up. So they're like, "Oh, well, I'll just put $1,000 into this shitcoin and maybe it'll 10x, right? Why why would I buy Bitcoin at this point? But when it comes down to a price that's more understandable, like that 29K is a little violent and a little hyperbolic, but at 29K, the normie can get 10% of the Bitcoin, >> which is a big deal. And that's when the gears start to change, right? They're like, well, things are different now.
And then we get the next cycle because that's that's usually how these cycles work. it gets juicy enough for people to hop back in, you know, and when it gets too high, it's, you know, the reverse of juicy, right? You only get the noobs that are coming in at the top. Yeah, it's definitely in freef fall right now.
Like I was warning because these are lower highs and we had fallen back into this parallel channel and we are absolutely cooking to the center point of this channel right now. We're at $78,700.
But if you're looking at it like very zoomed in like it has been an absolute freef fall um you know since the trading kicked off this morning. So >> dude the percentage it it's like this is like look at look at this perfection right here of this call.
>> Let's check it out uh >> of this M pattern right?
>> That's right. You were looking for the 78H >> and there there we are live on air it happens. But but make no mistake, from this morning to now, it's a 2% swing.
>> Mhm.
>> Yeah.
>> What are we what are we even talking about? We're we're just so immune to price movement like because it hasn't moved for so long that these become the new norm of violence, right? It's like 2%. Oh my god.
>> Yeah.
It's still more volatile than most stocks, which still is fun, you know, but >> I mean sometimes when you're looking at, you know, the like oil was pretty enticing to trade there for a little bit. And honestly, it's still a pretty entic gold with a major move, silver with a major move, >> and Bitcoin just kind of grinding upwards and slight two, 3% days to the down or upside in between. uh not really having any of those shock and awe moments now given everything that's going on and and I I definitely feel like we're still in a bare market. I'm just a little worried that it's not going to last as long as I'd like it to.
Um you know, but in this current environment, are are there any altcoins that you have interest in? Are you staying away completely from altcoins after what we saw happen with 2025 where the alt season was uh basically missing for an entire year there? Are you are you looking at the altcoin sector at all?
>> Not really. I I listen to like fastest, strongest, biggest like who what what when I think about what I AI can do like so obviously AI or agents, let's call it, they're not going to be uh using Bitcoin for currency, so to speak, with with, you know, the 10-minute block as just like unless there's some innovation on the lightning network that they can do it. I just don't see them using it.
So, they're going to have to have a uh finality that's as fast as they're as they perform, right? So, and I think when that happens, the only door that opens up for uh a Gentics and agents and AI is the Salana network because it's the fastest and the cheapest. And so if if I were an AI agent looking to um converse with a currency with other AI agents, it would be the one with the the the fastest finality and the cheapest.
And I think that Salana, I don't actually know if there's anything that remotely competes with the speed and the cheap and the fin cheapness and finality of Salana. Do do you know of one? like I I don't have my ear to the ground but from what I've heard I don't think there is any you would know >> well finality it can be done uh to a close degree on sui I believe um but the agent sector and the AI infrastructure has definitely been concentrated in a pretty big way on Salana so you know Salana has the memes when when the season of memes go on Salana dominates and >> it's also been building into uh the agentic agent infrastructure like crazy.
So, you know, it is something that, you know, fascinates me what Salana's been able to pull off and the chart isn't horrible. If you look at the alltime for Salana, the chart doesn't make me cringe. Um, you know, so I'm not in the season like I'm 95 maybe even more percent Bitcoin right now. When I kind of batten the hatches down once we started losing those main moving averages around 96. Mhm.
>> But, you know, it doesn't mean that I'm not going to go back into them when I see the the juice coming back into the markets. It's just a t it's about timing. All coins are all about timing and I spend my time kind of mapping them out, figuring out which but hyperlid is a very interesting move as well because when you see oil pumping really good, people went to hyperl in a pretty big way to trade oil on chain with hyperlquid, right? So it's it's kind of this uh chameleon of the markets that is able to take advantage of whatever the hot ticket item is in terms of trading is for that time being you know so um very interesting times Matty B come >> bring bring up your charts but what what do you got here?
>> I wanted I wanted your thoughts on the tokenized um on on the Phantom wallet to tokenized Tesla to the to tokenized Nvidia all that stuff. What do you think about that? Do you think they're they're legit? I know they're backed one for one, so they say.
>> Yeah.
>> But >> yeah, I think um well, just yesterday we saw some tokenized items basically be disregarded by Wall Street because they didn't follow a certain uh framework that, you know, these tokenized assets need to follow within the SEC kind of pathway that's built to do so. So any tokenized asset that doesn't go by the book that's been kind of put together isn't going to be, you know, a onetoone value. It's not even honestly probably going to be valued. So I think that Salana is big enough and known enough where they're having to do it the right way and there's enough value within that that you have to kind of it's the kind of the same thing as like ono tokenizing treasuries. Like you're not going to be able to fake treasuries on chain. you're not. It's just simply not doable. And I don't think that there's a reason for Salana to fake those tokenized assets either because the markets are big enough that their fees from even opening a basic level uh access point for them are going to be pretty large. A lot of people are showing interest in that. So, you know, I I think Salana tokenized assets are something big. And I I do personally own some stocks on my Phantom wallet um you know that were easy access for me. I had some I think it was like it was some stable coins on my Phantom wallet. I can't remember exactly what they were but I just swapped them into uh the stock market when I saw us losing uh steam in the altcoin season. It's played out really really nicely. So it's a nice play. Got a super chat. This dude's doing troll on Salana. So the dens have not left the building. They just shift back and forth, you know. Um, but there is like I kept Canton around and you know Canton has actually been holding up really nicely for me. I was able to take profits off of it and it's still moving up. But the altcoin sector, it is looking like a bloodbath right now. Let's just take a quick gander at this thing. Um, so the big losers right now, Sky AI have stayed away from the 10-ft pole. Terra Classic send it to zero. You know, Venice token, uh, ran up. Venice is still up by 27% on the week, but it is down on the day by 12%.
And there is blood, right? There is blood in the in the altcoin sector. You got to be careful about overexpos like I am always very conservative with the balance of my portfolio being too heavily weighted in altcoins especially during bare markets because you can very quickly run into pain very quickly run into uh losses here. So really appreciate you sharing your thoughts though man. I marked out your target as well on my Bitcoin chart. Okay. So, I got your target, my target, and Crank's target because some of my favorite traders, you helped me, you and Crank um helped me short this market in a very big way once we lost this 96K mark. You know, I think it was you and Crank that were bringing up that moving average we were coming up into. And I'm very grateful uh for that. You know, that was a good chunk of tether I was able to make because I was hopeful that we were going to just keep pumping. And you know there's this trend line that I was hoping would hold, right? Hoping to hold the trend line. Didn't happen. Didn't happen. So I am appreciative of your uh bucket of cold water on my face uh during that time frame. It worked out pretty good. So um really appreciate Are you going live on your channel throughout the week covering Bitcoin?
>> Yeah, every morning 8 8 a.m. we uh we chat about the markets. That's where we put this uh this M pattern in a couple days ago just talking about nothing because nothing's really happening. But you know, all this technical astrology ends up playing out eventually, right?
Especially in a market that's not moving.
>> Yeah.
>> You know what you I'd like you to do for me because I know that you do deep uh some good deed guys on something. Uh when it comes to the tokenized uh assets on Salana, there's you can actually trade options, sell covered calls and puts on something called power trade.
>> Huh. And instead of you know like usually you know what you have a 100 shares as one unit in the legacy tradfi they do fractionized uh tokens. So like let's say you got you know $10,000 worth of uh said uh tokenized asset it becomes the full unit and you can you sell covered calls and that if you have a second do a deep dive on that and let's get back to it and uh tell people about it.
>> I'll snoop around on it man for sure.
Well I appreciate you coming on the show Matty B. uh great having you and catching up with you, brother.
>> For sure.
>> Make sure to follow him and uh check out his channel as well. You take care, brother.
>> Matty B. What a guy. What a guy. Well, we covered the marks markets. Uh absolutely dumping. I'm going to be getting some chicken and then probably snooping around to find out where we fall down to. That 788 target definitely did play out while we're live that Matty B had. Fantastic work on that. Good man.
Had about a 3% dump from this local high where trading day had started off about 3.1% and it is absolutely sliding downhill. I might get some good entry points on uh all coins I like here in the next week or two because there's some definite blood in the water here. Um, and more so, you know, I'm looking for, you know, around $200 on Betensor would be a great top off the bag type moment for me.
Anything around this uh kind of center point where we bounced off from um I'm like on Betensor towel. I even I was I saw that someone's mentioning or yelling about Caspa, but I did like the Caspa chart. Uh me and Crank checked out the Caspa chart earlier in the week and this held a much higher uh higher low than a lot of the different altcoins in the entire ecosystem did. So I'm acknowledging that. I get it. And now I'm kind of mapping this thing out. I was actually looking for it to revisit about three cents flat. It hasn't really pumped too far from that level, but I don't hate this chart, you know, from a technical perspective, from a trader perspective, not bad. And then I'm also watching for a nice uh you know entry point on Morpho and Aerod Drrome. Morpho and Aer Drrome are definitely on my mind. Um you know to top off. I don't have any Aerod Drrome. I do have a little bit of Morpho but I want to top off the Morpho bag at around a buck 50 looks like the main support zone that Morpho has built out for himself. So I'm looking for that. looking for those entry points and uh you know kind of be getting I I gotta warn you I I didn't expect to be the enticed with altcoins this early, but it's happening. I'm here. I'm going to go after it and I hope you're locked in because uh there's about to be some chaos on the markets.
Up or down, you know, really doesn't matter. Shout out to the Discord quant for all of those wonderful shorts that he got in today. And I will see you on the next episode. We just wanted to take a quick second to shout out our sponsor, Arculus. They are a cold storage hardware wallet. Helps you secure all of your digital assets for the future. Just tap this thing to the back of your phone and boom, you're in. We wouldn't be able to do this without them, but also wouldn't be able to do this without you guys, the Disco Fam. You've supported us a lot over the years. If you want to support the channel now, just use the code DC20. It gets you 20% off this card. It's the number one way you can support this channel going forward.
Thank you for your support. We'll see at the top.
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