This Just Broke Ethereum

Added: 2026-05-06

[00:00:00]Which one's the best crypto asset? AP's best crypto asset. Which one's the best crypto asset? Best crypto asset. Which one's the best? Which one's the best?

[00:00:10]Which one's the best? Which one's the best? Which one's the best? Which one's the best? Which one's the best? Which one's the best? Which one's the best?

[00:00:18]Which one? Which one? Which one?

[00:00:22]What's the second best?

[00:00:32]>> This is Discover Crypto. We have a huge show for you today. Is Ethereum dead? We have Anthem calling for a $1,000 ETH that this latest DeFi hack put a coffin put the nail in the coffin for Ether. We also have the ceasefire crumbling. What does this mean for the markets? The markets are not liking this unless you're an oil trader. And then we have the unluckiest trader in crypto, Elon Musk. Cost him millions of dollars. It's a very special episode cuz we got the team back.

[00:01:00]>> How was the vacation?

[00:01:01]>> It was good. It was good. It was I came back and everything's right where I left you guys. Ceasefire on, off, on, off, on, off. Uh, back and forth. So, snip snip snap. Snip snap snip snap. But the prices are up a little bit. So, hey, you know, I'll take it. So, >> yeah. Let's go ahead and hit refresh.

[00:01:16]Let's look at the markets here now.

[00:01:18]We're going to hit refresh. Can we turn this into a green? Oh, it's gaining a little. You saw it fall a little as well. There you see Bitcoin down4%. ETH down 1.1%. B&B with a little flat spike here as people sell their illlquid meme tokens, put it back into BNB. We have Cardano down about half a percent and Monero up 1.8. But we are going to talk about the major major hack. Canton doing very very well in this DeFi hellscape here. And we're going to talk about a we're going to talk about what's going on with Kelp Dow. major major moves here. But we can go ahead and look at the Bitcoin chart. I want to go way back, way back into the past. This is 2024, 2023. You can see the bare market bottom of 22. We start climbing. We had a nice boost after Black Rockck released the IBIT after they started selling Bitcoin ETFs to their clients. Bitcoin would pump from about 40,000 to a little over 70,000 very, very quickly. Now, this is March of 2024. I'm going to go ahead and put a horizontal line right here. And you'll see we retested this one time before we had our nice push up to 126K where we eventually topped out.

[00:02:26]You can see we came back down, got very close to retesting it right there. So, acted as resistance, turned into support. And look where we're at right now as we speak on the daily candles.

[00:02:37]Bitcoin coming down to this level. And so, folks, this could be decent support.

[00:02:42]Just want to throw this on your radar here. Uh Bitcoin though still trading in the range rejecting. This is Friday almost to to to the penny of where we've been calling to say, hey, look for some shorts. I think Bitcoin's going to correct. But now I'm here to tell you the update. Bitcoin might have some strong strong support at this range.

[00:03:01]>> Yeah, I was trying to catch that short at 7752.

[00:03:05]got check out a couple times and then over this weekend all the signals were going off for a long especially when we're getting near that midpoint of the channel. Um so I went long I went live and actually saw a face was live as well and it was a really quick you know nice moving trade to begin with but then the lack of ceasefire kind of the reverse of the ceasefire news started to take hold and shellacked me back down to my entry point. and I kept it safe. Stop loss in place so I didn't lose any money, but it was it was a heck of a ride.

[00:03:35]>> Yeah, I see you guys talking about my pink eye and this this definitely happens every time I go out of town. Uh it seems my wife says I'm allergic to vacation, but every time I go to Florida for the last like couple years, for whatever reason, I get super uh it's like my eyelid gets sunburned or something.

[00:03:51]>> Is it like the Mark Wahlberg movie where the air is poisonous or do you have insects crawling on your face at night?

[00:03:57]>> Hopefully, it's not. I'll take poisonous air over insects crawling over my uh in chat. What is the name of that Mark Wahberg movie I'm referring to? I don't know if you you two are aware. It's where the wind was poisonous and they always it was the might Shyamalan movie.

[00:04:10]>> Oh my gosh. I It's ringing a bell. I'm going to look it up real quick because >> chat chat will let us know. Chat's always undefeated here. Now, I do want to show Bitcoin's liquidation levels.

[00:04:21]This is just Bitcoin over the past 12 hours. We still had a small liquidity pocket. Now, I looked at this roughly 3 hours ago. So, I haven't refreshed in about 3 hours. We're going to go ahead and hit refresh. See, has anything changed, and we did clip it. We just clipped it very, very recently here. So, I was looking somewhere around here this morning. We end up hitting this major pocket. We've smash most of the magnets above us. And now the magnets to this downside is what I would start paying attention to. But think we got a couple more levels to clear here. 76300. If we go back to this chart, still within uh the you know the very very much in this range here. So not near the top top of this is going to be close to 79,000 and every day it's going to creep up about 10020 bucks there. Now let's look at oil. We're going to cover some of the news later on in the show. Oil came very close to our level of support. Now just kind of hitting this little liquidity pocket, little support area, but you can see here oil still holding strong. The stock market, look at this pattern. We opened Monday lower than we opened on Friday. But then we start climbing pretty quickly, pretty aggressively.

[00:05:29]This is last week's Friday and Monday.

[00:05:31]This is the week before Friday and Monday. And this is the week before Friday and Monday. For a month straight, we've been seeing the same pattern here.

[00:05:38]And so if this holds, if the ceasefire can hold, maybe this is just going to be the fourth week in a row. And looking at the stock market, came right to our level, rejecting there. Maybe keep an eye on this trend line for a correction here. But I'm ready to talk about a $1,000 ETH. Before we get into the thousand ETH, this is Ampson. I think you can short here. Short ETH from 23 all the way $1,000 by end of year. Do you have any endofear price targets for us? Oh man. I mean, by end of year, I think that ETH is actually going to um be closer to like 27 $3,000 by the end of the year. DZ, that's that's me personally. I don't I don't think that what we just saw in this DeFi exploit is enough of a catalyst to send ETH to a thousand bucks. And I also have a bunch of different metrics that are pointing to we should be well off to the races by August in terms of a returning bull market. And ETH is holding 2000 like a, you know, like an absolute s.

[00:06:41]>> I got some awesome ETH charts I want to share here. Uh what do you think of the thousands in the year? Do you have a like a dollar amount you you want to throw out as a guess >> for me?

[00:06:50]>> Yeah, either one. I mean, >> I'm in the opposite camp. I mean, when I see people throwing out these thousand ETH, I mean, to me, I think it's holding up very, very well. Like, obviously referring to some of the DeFi stuff going on, but to me, it hasn't.

[00:07:06]Prices are getting stronger and stronger. So the chaos is kind of increasing with, you know, the back and forth geopolitically and now that this DeFi hack, so to speak, uh, and to me seeing Ethereum more or less, you know, just kind of hit a little bump in the road. So to me, yeah, I'm my numbers closer to Drew. I think we'll be up higher than we are today by end of uh, not thousand. I mean, yeah, $1,000 is extremely low. That kind of is consistent with the $40,000 camp that a lot of people are in with Bitcoin. I don't see that happen. Still in the 59K was the bottom and we're going up from here. Anytime it's below 2K, still think it's a buy. So, I don't think we're going to see anything close to 1,000.

[00:07:47]>> All right. And chat letting us know is The Happening, Drew. The Happening. Uh, that is Mark Wahlberg's. Yeah, definitely a not great movie. Not one of his best movies. The best, and I mean the best Mark Wahberg movie hands down, it's got to be when he played Dirk Diggler and Boogie Nights, everybody, in case you were wondering. But now, I'm going to share my eth thoughts in a second. And I do want to cover the news here. I got a very very uh strong three resistances I need to put on your radar here. Just four thoughts on the ETH charts. Tell you what these lines mean.

[00:08:16]Tell you what these rectangles mean. And I'll tell you what this blue line means right here. But it all started with this kelp. Yes, the seaweed restaking platform was exploited. Nearly $300 million were drained in an attack. Now, this is affecting primarily nine crypto protocols, nine defy protocols. I have the list right here. Ave, Sparkling, Lido, Fluid, Athena, Compound, Year, Layer Zero, Uler, Upshift, Pendle, and Beefy. So, if you hold any of these tokens, maybe be very careful. I'll say I still have a small bag of A. The second I saw this news, I I sold about 30%. Now, end up falling a little bit more. I don't know if I'm in the mood to reby a little bit lower. Uh, what would you guys do? you got out early in the news. You could get in a little bit cheaper, have more a than what you started with, or do you just keep it in, you know, the other altcoin? I switch it to hyperlquid.

[00:09:09]>> I'm going to morpho. What are you talking about? I'm going to morpho with this move. And I'm seeing I'm feeling extreme nostalgia seeing urine on here.

[00:09:16]Do you guys remember the last bull market?

[00:09:20]>> Yeah, >> that was $100,000 a token, you know, and it's hype. So, you know, it's tough to see a a big basket take a hit like this.

[00:09:29]I think I don't think it's the end. And I'm looking at it on DeFi Lama. It really doesn't look like the end of the world if you're kind of backed up looking at this from afar. But yeah, I'm personally going into Morpho. Like I I'm of the opinion that when you see a giant fall, another one will rise. Morpho is starting to nip at the hills. It's been on a stair step up to the right and the lending for a is down to 17 bill but Morpho is actually increasing. It's just about 6.59 bill. It's number two and generally that sharp decline right here on the uh overall TVL graph is showing that kind of the pain that I think is being caused by this a uh exploit but the active loans is staying steady Freddy. Um, so I think it's, you know, it's gonna be fine. I I like Morpho.

[00:10:19]I've liked Morpho for a really long time because I like finding competitors that stood a chance at gathering some limelight when things like this happen.

[00:10:28]And uh, here we are.

[00:10:30]>> All right. Well, here we are. And if you're holding those nine crypto protocols, here you are as you look at the red candle. Now, Kelp, it's a liquid restaking protocol. Maybe we back up a little bit. liquid restaking. That means you deposit usually an L1 like ETH, maybe Salana, in this case, ETH. You deposit ETH and then they wrap it up and they restake it and they'll give you an additional token that's supposed to be equal to the value of Ethereum. Now, it was the target of a cyber attack this weekend, causing the platform to pause smart contracts for its restaking token, restst ETH, as it investigates the attack amid reports of hundreds of millions of dollars and losses. The attacker exploited a bridge contract. We all know this is one of the the main attack vectors in crypto for $293 million in funds. They then use Tornado Cash, which is a crypto mixer where you could deposit and then pull it out secretly. They've already converted 250 million of the 293 million of the stolen funds to ETH. In response to the attack, a announced it had frozen the RS ETH markets on a 3, V3, and V4. And nine, at least nine crypto protocols had exposure to that token and have since frozen activity on their platforms in response.

[00:11:42]Now, this is a major major hack following what we saw as another major hack, Drift Protocol, and signs are pointing North Korea behind both of these folks. Now, North Korea, of course, is a very, very robust cyber security team.

[00:11:58]hacking team, however you want to put it. And TVL, Drew was talking about that. A's TVL tanked 8 billion in just one day. We're going to check on the latest figures. It went from 26 billion to 18 billion, losing the top spot as the largest D5 protocol. And it looks like the USDT and the USDC pools are now at 100% utilization, meaning there's $5 billion worth of stable coins that cannot be withdrawn until new liquidity arrives or the borrows are repaid. Now, this began after they stole 116,000 Kelp Dow restake ETH tokens worth the 293 million from the layer zero powered bridged and used them as collateral on a to borrow wrapped ETH. This created $195 million in bad debt on a looks on chain noted some of the largest whales to with fun uh withdraw funds from a mech crypto exchange abraasis capital they withdrew 400 million and another 400 million respectively there. Now we can go. I said I want to check on this. 179 now down to 173 and right before the hack it was $26 billion locked on the platform. Now down to $17 billion. Huge huge shift here. Uh major major reverberations going through the DeFi ecosystem here.

[00:13:18]>> Dude, what if Hyperlid gain gain some steam from this too? You know, I mean I'm seeing the chat bring it up.

[00:13:25]>> I'm thinking Bitcoin could benefit from this. you're like, "You know what? Maybe I don't need to grab this, you know, L1 and wrap it and stake it and try to get this, you know, little bit of chump change." Not chump change, but you know what I'm saying. And you're like, looking at Bitcoin, I know Bitcoin's never been hacked, and I know the quantum threat's years and years away, potentially next decade. Maybe that's the move for a lot of people. Yeah, it's definitely the move uh for uh you know, your static funds and that sort of stuff. I mean, it's this is always the uh the rub with DeFi. It's generally the newer stuff. It's always the bridge, you know, liquid restaking kind of like the edge cases, people trying to get the most of the most out of it. A lot of those ones uh in in the list you mentioned are kind of the they're not I wouldn't say new because there's really not a lot of new, you know, but Beefy and a lot of those other ones people really Pendle, that one's been around, Lido, a lot of that is kind of trying to earn as much as you can off of your DeFi. Um, so usually it corrects pretty quickly, but this is a lot of times what you see at the bottom of a bare market too. You see a lot of uh people needing to utilize 100% of their capital and uh trying to pull it in when things are getting tight and that's when you see some of these more uh or less I guess uh stable ones start to fall apart. So >> all right, underdog deal. Pretty good question here. You know, I don't understand what a bridge is. A bridge is where you have tokens on an ecosystem and you say all right well I have USDT and it's on Salana and I want to put this USDT on Ethereum. So you go to a bridge and the way these bridges works they will check all right is there ETH here or is there USDT here? Is there USDT there? Are they both working? I will hold it for you. I will do the swap and oftent times they'll burn the tokens on the other chain and create the ch tokens on the other chain and they have a lot of uh they're going to have things like oracles like chain link just to make sure everything's hunky dory. So a bridge is kind of what the name implies you bridge funds from one side to the other and in this case they're bridging wrapped Ethereum all over the place and that ended up uh ended up being pretty bad for a lot of people. Now this is an interesting question here. Some are saying North Korea, please. Like it's not North Korea. If it's not North Korea, who would you guess?

[00:15:44]>> What? Hacking these funds or >> I think it's Zero Cool from the movie Hackers.

[00:15:51]>> Zero Cool.

[00:15:52]>> Oh man, I I want to say uh you know that there's probably an interest from banking cartels to take down the biggest DeFi platforms. So, you know, shooting from the hip, I'd say it'd be a hired gun for Jamie Diamond's peeps, but that's just me and that's my opinion.

[00:16:11]Um, I think >> it was BJ.

[00:16:13]>> That's immediately what came to my mind first. That's immediately what came to my mind.

[00:16:17]>> I think it's just random hackers around the world. I don't know if it we It's funny that we always try to associate hackers with uh like a ge geographical place like it it could just be a hacking random hacking group of people interested in making money. That's uh >> those 19-year-olds with the Rolexes and the Birkin bags, you know, they're giving away at clubs, >> something like that.

[00:16:38]>> No one would have guessed they were behind what is it? One of the largest Bitcoin hacks of all time. And those were just a bunch of snotnos punk teenagers.

[00:16:47]>> Yep. Those dang kids, man.

[00:16:50]>> I start with Get Off My Lawn, then it's get out of my portfolio.

[00:16:54]>> I I I think this is making some opportunity, though. I really do because Morpho I think is going to gain and now I'm starting to think a lot harder about Hyperlid. There's a lot of liquidity in Hyperlid and Hyperlend is what Hyperlid uses for this kind of lending uh system, you know, their own personal kind of lending protocol for Hyperlid. Hyperlend is only at a $363 million TVL right now.

[00:17:23]the overall chart. I mean, it's from a TA perspective. I don't hate this chart at all. It looks like it went through an initial release and an early token holder capitulation and is now sitting here just writhing around. This thing is a tiny market cap. I might actually go take a swing at this thing uh just in case because Hyperlid ain't it's all gas, no breaks on Hyperlid. And now with this happening, you know, Bitcoin's probably going to have some uptick. I'd see as well Daisy. But um you know I might take a flyer on this little project right now. I just got to thinking here seeing the because there's always a silver lining on a mushroom cloud and with with something going on wrong on a the main hub of a lot of this DeFi and lending the money's got to flow somewhere. And I don't think people are going to give up the idea of you know lending and earning and DeFi going away in general. It's just the money's going to flow somewhere else. So, you know, if you're on DeFi Llama, now I'm looking down the list. Um, you know, there's probably a couple of these that might if as long as they're not exposed kinetically to this situation and this can be solved, then I think that actually some money might flow down to these little ones. So, >> 100%. Yeah, 100%. Now, let's talk about Ethereum, everybody. I I kind of want to share my Ethereum chart here. Now, ETH, I got a few charts. Number one, watch the Massachusetts. No, the moving averages. So, we got to watch the moving averages, everybody. So, I pulled up two daily moving averages. The top one right here is the 50-day moving average. The bottom one is the 100 day moving average. You can see we're trying to turn the 100 day into support. Turn that 50 into resistance. Couldn't break above. Couldn't break above. Couldn't break above. Couldn't close above and then rejected right there. So, first thing we got to do, we got to flip this 50-day moving average into support.

[00:19:12]Number two, watch the parallel range. I found this this morning. Move this up.

[00:19:18]Wait, wrong one. Wrong one. Move this up.

[00:19:23]Look where we rejected. Right here. Kind of hit against it right there. Hit it against it again. Wicked above, closed right there at the line, and then started falling. Didn't quite hit the midway point. But if we start dumping, I think we're going to maybe find a little bit of a bounce right there. Number three, we got to turn these three resistances into support. I've given you two. First, we got to turn the top of this range into well, first we got to do this moving average. Turn this moving average into support. Also, this green box. I'm g explain that. And the top of this range. If we could turn these into support, it is going to be Ethereum party time. But next, we got to do the 2400. So, what's up with $2,400?

[00:20:03]You go back one. You can see, you know, kind of chopped there, wicked below, wicked above. Keep going. You're going to see boom right there. Boom right there. Boom right there. And you can go back even to the previous cycle. Boom right there. Boom right there. And now let's go into all right 24. Boom right there. Boom right there. And then then we just kind of run up. But you could also see boom. Look right there. This is also where we found a little bit of a deadcap bounce before we actually became a real rally. This is the summer of 2021. And so this three ranges I'm looking at for ETH. If we could turn all of those bullish, yeah, it's it's probably going to be a pretty nice move.

[00:20:42]I would say close to 3K. Maybe we end up rejecting near the bottom parts of these ranges. So, there's a little ETH TA or you Drew, you do a lot of trading.

[00:20:51]>> Oh, yeah.

[00:20:52]>> What are your thoughts?

[00:20:53]>> I think we got back at me.

[00:20:54]>> I got I think we got the juice in the tank to get there, Dy. Um, just look and we're looking at Ethereum's graph right now and then I'll compare that to what I see on Bitcoin. Okay, so Bitcoin, there's been a lot of people in disbelief watching. And these are on daily candle time frames. And this is the Bitcoin C1 ex uh BTC 1 exclamation point. This is the CME futures for Bitcoin. Now, what I'm looking at is I look at CME gaps on the daily only. And there is a massive CME gap. I mean, it's pretty sizable. That actually matches up to the top of this channel, DZY. Um right at about $80,000, right? If we can continue uh building some stair steps up and tap in the top end of this channel and fill this CME gap that's existed since basically January of 2026, then we I could absolutely see Ethereum kind of doing the move that you just described to the upside. And what I'm seeing is the money flow has been in the red for quite some time and is actually gearing up. We have uh basically a bullish div here. I mean, from what I'm looking at, it's not really a bullish divergence, but we have weaker sell-off uh momentum waves where you have that deep sell-off momentum wave on February of 26. You have a weaker one on April of 26. And now this money flow is actually starting to clip into the green. And what I'm looking at in we can cover the MACD as well, but look at this DZY. This is the bell of the ball for me today. We are back in the green on the money flow for Bitcoin already. This is a metric we have not seen ever. We have never seen Bitcoin come back this quickly.

[00:22:38]>> So with the depth of this momentum wave to the downside on the weekly, a double green dot which is only printed, you know, once every bare market, we have had that green dot print, the double green dot print. We have plenty of juice in the tank to actually make a move to the upside. And not to mention the MACD is showing some really aggressive movements here. I'll just show what the MACD looks like.

[00:23:06]We are now two major green impulses. And look at the height of that secondary uh impulse wave on the MACD. The height of that secondary impulse wave is higher than it's ever been. Again, we have many historical metrics that are coming out and flashing on my main uh indicators and we are viciously cooking to the upside on this blue wave, this blue line uh coming that far above the orange again that did not even come close to this velocity in the last bare market bounce back to the upside. So, I think >> yeah, to Drew's point, a lot of these MACD crossovers do this.

[00:23:43]>> They swim together like a dolphin pod.

[00:23:45]>> Every now and then though, you'll get that one dolphin that just shoots out of the water and typically that dolphin's going to, you know, that's going to take away from the rest of the pack. So, yeah, I would say there's a good chance the blue line is breaking out away from the orange line there. Oh, >> it's And I love how you you described as a dolphin cuz that's what it feels like.

[00:24:01]It's just flying out of the air and leaving all the bears behind. And uh there's going to be a lot of sad bears.

[00:24:07]I think TJ I think people that have been >> sad dolphins. Yeah.

[00:24:11]>> Sad dolphins like they're in that Japan bay, you know, where they Anyways, let's move on. Let's move on. They quit doing that, right?

[00:24:19]>> I think so. That was a major thing back in the day.

[00:24:22]>> I think they probably just stopped covering it.

[00:24:26]>> It's like a Gaza journalist. Get him.

[00:24:29]All right, everybody. Let's Why did I even go there? Whoa. All right. Whoa.

[00:24:32]Whoa. Whoa. All right. Let's talk about a little uh I want to share this chart real quick. Dude, what are you laughing?

[00:24:38]All right, Salana. Now, there's a lot of DeFi exploits. It isn't just Ethereum and it is worth noting layer zero. They said it's not our fault, it's kelp's fault. Uh they had a bad, you know, uh basically authorization protocol there.

[00:24:52]But now, Salana also under strain.

[00:24:54]Salana lending markets under strain.

[00:24:55]Fallout from the Kelp Dow restake ETH hack has now reached Salana. Camino Finance saw their USDC utilization hit 100% in key pools. Multiple vaults above 95% signaling severe liquidity stress.

[00:25:08]And when it hits 100%, you can't withdraw until there's more deposits. I didn't want to share the Salana chart here. Salana also in a range just like almost every other asset here. Kind of trying to make at least some higher highs if not higher lows there. But I gave you this a while ago and this is because we were rejecting off this range. I wanted to zoom in. And I haven't done this yet. I had a feeling.

[00:25:31]Let's just see. Yeah. So, you can see why we threw it. Oh, yeah. That's That's why we have it up. It's a little liquidity pocket right here. Turn to resistance. Let's move this sideways.

[00:25:40]Look at that. Look at that. You guys laugh at TA sometimes. It just it just plays out so well, but it didn't play out so well where it tested the bottom of the range. But folks, it is getting close there. However, you can see the range heading to the upside. Heading to the upside. So, Salana, is it a macro bare flag? It certainly is. It certainly is. But do you see these fail at the bottom of bare markets? You certainly do. And you see it every time in crypto, folks. Especially with the majors. You can't talk about the majors without talking Bitcoin. And Michael Sailor, the mad lad, went crazy. They have just acquired $34,000 Bitcoin. $2.5 billion.

[00:26:18]This is one of their largest buys ever.

[00:26:20]I think it's their third largest buy. We were talking about this last week. This is Friday's data. This guy posted it Sunday, but this is Friday's data here.

[00:26:28]This chart is wild. The Bitcoin ETF launched by Black Rockck, the largest asset manager in the world. No one is close versus one man dedicated to buying as much Bitcoin as humanly possible.

[00:26:40]Sailor closing the gap. You can see the photo right here. Sailor's the orange line. You know, started first 2020.

[00:26:48]Black Rockck came in and just smashed him though very quickly. Here, let's update. Where are we at today? Well, what do you know? Michael Sailor has now passed him. Here we go. And now you can see, boom, he has now passed BlackRock for how much Bitcoin he has. 815,000.

[00:27:09]Third largest purchase on record here.

[00:27:11]Their average price 7 basically 74,400.

[00:27:14]Their total average cost 75,500. They got a little bit cheaper. Now has 815,000 Bitcoin. Now fellas, 21 million Bitcoin, so 210,000 is 1%. Multiply that by 4, 840,000 is 4% of all the Bitcoin of which maybe 30 40% is missing and gone forever, at least until Quana breaks it. But 800, he's almost at 4% of all Bitcoin at this point.

[00:27:46]>> Yeah, that's a that's an astounding number. Well, and when you put it comparing him to Black Rockck, you know, like you said, the largest asset manager in the world, all their clients combined, >> every client combined, period, it's nuts when you think about it.

[00:27:57]>> It is crazy. Uh, and that just buying three billion in one shot is crazy. Like you said, that's a that's an impressively large amount of money. So, uh, which means there's big money behind him as well, right? Like obviously it's not, you know, a single person. Uh, there's obviously big money going into strategy right now while the stock is down. So, that's going to be a very interesting one to keep an eye on. Not just uh their total stack, but what is their how does their stock price behave now that they get such a large amount because I think ultimately I mean the goal I I guess there's no there is no cap on their goal, but I mean they're moving towards a million Bitcoin, which is more or less 5%. They'll be at five at the rate they're going, they'll be at 5% before you know it because uh I don't see anybody else getting to a million before them. And then you start getting into the world where they start absorbing other uh digital asset treasury.

[00:28:52]>> That's that's becomes the number one way to get your hands on more Bitcoin is buying other entities that have been accumulating it. So I mean $3 billion worth of Bitcoin. That's a lot.

[00:29:02]>> That's a lot of Bitcoin to buy.

[00:29:04]>> It's a lot of Bitcoin. That's a whole lot of Bitcoin. Now the stock did open lower today. This is the one minute chart. Uh came up closed the gap from Friday and now starting to fall a little. However, h setting in a little bit of a higher low here. Again, this is just one minute candle. It's only been trading for an hour or two here. So, looking at Micro Strategy, uh it's breaking out >> and easy. Look at think about this. This is potentially front running Bitcoin's future path up to that 80K resistance spot >> because it's jacknifing right up to that old shelf that it used to be at before we went down to 59K. That's actually something in my mind that I consider that a front run of Bitcoin's price. Um, you know, these are insiders that are piling into this thing knowing that juice is coming back into the market.

[00:29:57]And that would be so hilariously maddening for people that are expecting a year-long bare market if that green money flow wave comes back up to the normal heights of a bull market. Dude, like there's going to be so many retail left out, so many naysayers. So many people that constantly live in this place of negativity, they're going to sit there on their thumbs watching this thing rocket back to the upside. I'm gonna lie.

[00:30:20]>> Now, folks, I did put out a perfect bottom indicator video over the weekend.

[00:30:24]I gave you Bitcoin's perfect bottom indicator, and you have to watch the video to see if it flashed or not, though. I'm not I'm not You have to go watch the video. I break it down. I I go really in depth there. So, please go watch our video. Really does help us out. Now, how's Bitcoin doing in the face of the war in Iran? We did see a lot of activity this weekend. Let's just put it that way. So, it erased the weekend gains after the ceasefire faces some pressure. And so, Bitcoin erased its weekend's gains after it fell below 74K yesterday after the US military seized an Iranian cargo ship, putting pressure on the ceasefire between the two countries. It had got as high as 78,300 on Friday, the highest price since early February, but then dropped over the weekend after Iran said it would close vital oil routes in the straight of Hormuz and then sank sharply last night to briefly trade below 74K after the US military said it opened fire on and later seized an Iranian cargo ship it claimed tried to run its blockade of Iranian ports. But Tyrron accusing the US of violating their agreed ceasefire. Stock markets futures, they open uh a little bit lower Sunday night. S&P futures dropped lower. NASDAQ dropped lower. Dow Jones also dropped lower. Crude oil blasted up 4.5%. We end up seeing a pretty decent pump there.

[00:31:39]Look at US oil. You can almost see the the moments when these crazy things happen. Zoom into the 1 hour and especially if you use liquid. I don't mean I like how it just jumps my gap right there. Uh just shoots through the gap, bounces above the gap there. Yeah.

[00:31:55]oil. A lot of volatility over the weekend with this latest news. Now, we do have the latest happenings here. Uh Iran's foreign minister early on Friday, they said it's completely open to commercial traffic. That's how we started the weekend. Friday, it's open, baby. Trump then said, "Hey, the straight of Hermoose completely open, ready for business. Full passage." An hour later, Iran has agreed to never close the straight again. This is what we were feeling on Friday. Well, we had a, you know, ship tracking firm here, Kepler. They said, "Oh, no. It's it's actually closed." And then Trump said, "No, the blockade's actually still in place." Little bit of whipssaw action there. Iran's Guard Navy issued a verbal warning to ships, threatening to destroy any vessel that attempts to cross the straight restricting on shipping would remain until the US lifts its blockade.

[00:32:44]According to the IRGC here, they attacked two commercial vessels in the straight. Trump described it as a total violation of the ceasefire. He then threatened to knock out every single power plant and bridge unless they made a deal with their negotiators. Of course, that would lead to a severe escalation with infrastructure in the Middle East. Markets hated that more than anything. And Sentcom, see overseas American forces, they said their troops fired on, seized a ship that was heading towards the port after a six-hour standoff. That ship does dock in China and Iran a lot and actually ran a ground of a island like five years ago. It's it's a weird ship if you if you look into that ship there. That's what we're looking at. Oil surge stocks dipped. And then lastly here, Iran said they haven't yet made an a decision. This is breaking. This is from this morning.

[00:33:32]They said they might not even attend the negotiations. And Trump said the negotiators for America, they're arriving in Pakistan today. Iran said, "Well, it might be an empty room. I don't know if you're going to see us because that's where we're at today."

[00:33:47]>> Yeah, it doesn't look too good. It feels like it's right where I left it and not much progress has been made in the last couple weeks. Like, it's >> like 18 things happened and it's like, it's basically where it was.

[00:33:59]>> Yeah.

[00:33:59]>> Yep. Nothing's changed. Nothing's changed.

[00:34:02]>> Well, I forgot to tell TJ we're retrofitting GM and Ford power plants now to make m uh military goods. Why not Tesla? He's the one that actually knows how to build a plan.

[00:34:13]>> Well, he's already got SpaceX. So, >> different type of weapons.

[00:34:17]>> Yeah.

[00:34:18]>> Right.

[00:34:19]>> SpaceX.

[00:34:21]>> Yeah. What he's doing is secret. That makes a lot of sense. Oh, he is. It's just we don't know about it.

[00:34:25]>> Yeah.

[00:34:26]>> He doesn't get the press release.

[00:34:27]>> The micro tunneling, right? The his his tunnel organization. Like I used to hire for the people that build those tunnels.

[00:34:33]Man, there is some insane stuff under the ground in the So, yeah, I think he's in on it. I think he's in on it for sure. Speaking of going in and removing something, let's talk about Caitlyn Jenner, everybody. Uh, >> that was great. I mean, that's fantastic. We're bringing it back, baby.

[00:34:50]This is 2026.

[00:34:52]>> Yeah, Caitlyn.

[00:34:54]>> All right. Caitlyn Jenner escapes the memecoin lawsuit as a judge says the token is not a security. This was a roller coaster. Her account was promoting this. She claimed a hack. I was hacked. It was never me. Uh, there's a giant lawsuit. giant class action lawsuit. Kaitlin's gonna walk away scot-free or drive away. Be very careful. She did hit somebody with her vehicle. Got kind of ugly. Let's look look at the news on this. This we go to the 1 hour upon the news. Huge spike on the Jenner memecoin. I would not re stay away from this one folks. Stay away from this one.

[00:35:30]You'll see from the spike every single runup sells. So, it's like the whales got in, you know, someone like fat fingered it is just dumping into every time it gets close to that price.

[00:35:40]>> But that seems like a good pump, you know, 3.5x. How does that compare?

[00:35:46]>> Oh. Oh, well, it fell 99.5.

[00:35:52]>> Yeah, but now it's up a little at least, you know, you can make some of your money back. Shout out to Lou. Lou got his funds out of Lido before they were frozen thanks to Summer of Warning. So, shout out to that.

[00:36:03]>> Appreciate that. Awesome. Awesome. Love to hear that. Uh, if you held though, that was at the peak of bottom. Now, it's only down 97.5%.

[00:36:11]>> That's not bad. That's not bad, right?

[00:36:14]That's This is the type of stuff like remember that rave coin all week there was like people coming after me. You got to cover it. You got to cover it. Come on. It's going up. It things are bad and this is going up. It must be great, right? Let's see what happens.

[00:36:28]>> We said two things, Drew. Don't buy it.

[00:36:30]Don't try to short it, >> right?

[00:36:32]>> Because the people losing money are the people who are shorting it and they're getting liquidated. And so honestly, it's just best to maybe just stay away from that entire thing. Here we have raved out denying manipulation. Binance, Bit Probe, the rave trading activity.

[00:36:45]Large part of this is due to Zack XPTt.

[00:36:47]Zack XPTt offering bounties started with 10K, got up to 25K. And so if there's any whistleblowers to come forward privately to share evidence about people trying to pump this token, it's uh a lot of it is controlled by the top wallet.

[00:37:01]So it's some would say it's almost illquid. There's so few they call it a lowflat token. They said zero manipulation. We don't know what you're talking about with this manipulation.

[00:37:10]And there's the manipulation.

[00:37:13]>> There you go. Prime on a chart. You missed this one too, TJ. I I wish you would have been there seeing us warn about this thing. I think I heard Yeah, I heard you it as it was coming up like we covered it I think the last day I was in office. Uh like, hey, this is a dicey one. Just should just stay away from it.

[00:37:29]Don't try don't try to chase shorts.

[00:37:31]Definitely don't buy it on the way up.

[00:37:33]Um >> yeah, >> looks looks sketch. Looks sketch.

[00:37:38]>> All right, chat. What would you rather hold? Jenner or rave? You two, what do you think? Jenner or rave? You putting like a thousand into it for like you can't touch for six months. Yeah, I know. They both sound like a a rough night, you know? Yeah. I don't I'm not going with either one of those.

[00:37:55]>> Yeah.

[00:37:56]>> I ain't walking with no limp, that's for sure.

[00:37:58]>> Either one's a loss. Like, I'd rather hold cash than this, man. I would just, you know, I would just say it. Um, you know, this is the type of stuff where it drives me crazy to see people start to get excited about literal scams and crime, making moves for a week, and then rugging back down. And someone had a good comment. This is like it feels like all of the idiots involved with these things are going to completely go broke and it's going to diminish the movements of good altcoins because of this type of stuff continuing to happen. It's almost like, you know, over and over again the process of insanity where they >> That's crypto for you right there.

[00:38:37]>> I know. It's It's crazy. So, I don't know, man. I would stay away from both of them. I think they're both going to die, but that's rude. That's absolutely brutal >> and probably good advice. Probably good advice. I I kind of want to look how weird the I just want to look at the weekly. It's like what does the weekly look like on this one? That's a bearish signal. Technically, that is a topping tail. So, you want to stay away from this. Stay away. Like te technically speaking, that is very bearish and ugly.

[00:39:05]You don't want anything to do with this.

[00:39:06]>> Yeah.

[00:39:07]>> I can't be careful.

[00:39:08]>> You don't have to know a lot of TA to look at that and be like, you know what?

[00:39:10]That doesn't look good.

[00:39:11]>> Yeah, >> that just looks bad. I studied the charts for eight years and only after that was I able to determine that this one you need to walk away from folks.

[00:39:19]>> Yeah, >> it was a lot of hard work and due diligence that led to that conclusion, folks. All right, now we got some more shilling from Jason Calacanis. He has now got a bold towel prediction and I'm here to crap all over it even though I am bullish on it. Bought another 50,000 in Tao. So he has 50 in towel now. His current exposure 750K.

[00:39:41]He's targeting $500 this year, so sometime in the next seven months. His thesis is the subnetss. They're actually doing things. They're they're actually building. This is not investing advice.

[00:39:52]This is me asking you to savage my trade so I can learn #Jrading.

[00:39:58]Uh let's look at the TOAO chart. I want to share now one, you know, we we gave you the template a long time ago, like probably here. Uh it does this parallel range test the top parallel range.

[00:40:09]parallel range. Parallel range sometimes test the top. Now, he's saying $500. I would actually cut and run and I plan on cutting and run, taking some heavy profit. Maybe not sell everything at this trend line. Go to the weekly so you can see it a little bit better. Now, we did wick above right there, but you can see, you know, the other candle wasn't able to clear. You can see the candle hit it right there. You see the candle hit it right here. You see the candle hit it right there. This is the area.

[00:40:32]So, 500 to me little too bullish. I want the disco fam to frontr run the listeners of the all-in podcast. They are going to be our exit liquidity and I'm looking to make some exits somewhere around here. Now, we did point out the head and shoulders and I don't think the head and shoulders is going to break down right now. Just kind of trading in a range and there is going to be some resistance right when this right shoulder peaks into this uh area assuming it does. And I would Ooh, that's not great.

[00:41:00]>> Look at this. We hadn't lost that midpoint, >> right? Easy. I think it's going lower. I like to tal, but I think this bad boy like my entry points for this thing are laid out between 120 to 150 bucks. I think 786.

[00:41:15]Uh, >> so you're saying below here, a lower low.

[00:41:18]>> Yeah, we're, you know, it's going to take some time for alts to really take off. Like I And I still really like to cow, right? It's it's part of the tensor network and there's a lot of subnets being built out. The recent cascade to the downside was from, I think, three subnetss being sold all at the same time by someone that just crashed out. You know, they're trying to say it's not decentralized and all these things. In general, I still like TA because it's the most tangible, directly correlated AI crypto project out there in my opinion, but there is still a large degree of TA that I have to stick to to keep my entry points low. And I did >> Let me ask you a question. Do you like that it's slightly centralized where they could kick off a subnet or do you wish it was fully decentralized where a subnet couldn't be kicked off?

[00:42:07]>> Well, so there is that argument and I think for the development and it's in its naent state. It's trying to catch some of the wings and some of the growth that's in AI.

[00:42:20]It was just shown what happens when the door is left wide open for subnets to cheat massive amounts of TOAO tokens because they get upset and there's going to be people that don't have good intentions um that come in and they decide to take their money off the table. And it's understandable because the generally the market is still bearish. But basically what you're seeing is TOAO is bouncing off of the 786 fib and it's bounced off of it about five times now essentially and my preferred entry points on this thing. I want to keep them low because it's an altcoin, right? I really want to keep them low. So $120 to $150 is fine for me to get exposure to even in this environment. But I think that it actually to get off the ground and to get running, Tao is still a minuscule little project compared to what AI and the amount of money that's in AI truly is. So I think to get it off the ground, it's going to have to protect itself to a degree, you know, from these subnets because the subnets are wrapped towel basically.

[00:43:30]>> Yeah. I was thinking of a scenario for you specifically, Drew. You know the robot dogs with guns on the top?

[00:43:35]>> Yes. Imagine if a subnet was like, "Well, this is how we power them."

[00:43:38]Wouldn't you want TA to take that one down?

[00:43:42]>> Uh, I was going to buy one of those dogs, actually. So, I'm actually >> tapping into it. What are you talking about, Jeezy?

[00:43:47]>> I want dogs. I want those drone swarms and I want autonomous turrets. That's my goal on my property. So, you know, I might need to have cow tokens to pay them for their work at a >> I want to go analog. I want actual crows.

[00:44:02]>> Oh, >> to be to to be my protector.

[00:44:05]>> Okay. Okay. What? With like little little packets of excitement on the bottom of them or what? Just >> they poop on my enemies. No, they're going to peck the eyeballs.

[00:44:14]>> Okay. All right. Fair enough.

[00:44:16]>> Good call with the fib fib levels there.

[00:44:18]Yeah.

[00:44:18]>> Yeah. You know, that's something that I' I've I've loved TA since it was $40, right? And so I had to sit there and watch how go to $800 and people still doubted it. They still doubt my abilities. And now that we've fallen into a bare market, I've used the same fib. It's bouncing off the 786 over and over again. We're still generally in a altcoin bare market. Even though the indicators are flashing midpoint, um I think a vibe check up to 80K makes sense. And one more horrible thing.

[00:44:51]Let's say the power does get clipped in Iran. Chinese and Taiwan thing ends up happening. Um, you know, then we get that final flush to the downside. But I still feel like 60K, I'm I'm actually having to agree with TJ more and more.

[00:45:04]Like before TJ left, I was thinking like 55, 54 would make more sense. But now that I'm seeing the velocity of what Bitcoin has going on for it, I feel like 60K is going to be that spot. And it's not out of question to revisit that spot, but I can't lie with what the data that I'm seeing. You know, it's >> coming back around. It's looking stronger and stronger. I'm telling you, the more we keep ranging in these higher price ranges, the stronger it gets.

[00:45:30]>> Mhm. Absolutely.

[00:45:31]>> All right. Now, we got to talk about Elon Musk costing someone millions of dollars. Uh before we get it, did you guys hear about that?

[00:45:37]>> No.

[00:45:37]>> No.

[00:45:38]>> He's shilling another token.

[00:45:42]>> Asteroid. Asteroid. She >> Oh god. I guess I Yeah, all the little groups I'm in, they're asteroid. I hate everyone, you know. I just It's so tiring. Let's read what this is.

[00:45:53]>> All right, so Asteroid Sheibba. Uh let's see. Let's get off the 24. Go to the 7day so you can really see what's going on here. We can go to market cap as well. Let me change this.

[00:46:05]Uh what's what's a market? $50,000 market cap.

[00:46:11]>> $150 million market cap. Huge, huge gains. We're not even going to come from the pico bottom.

[00:46:18]>> Yeah. Nice little casual 36,000% gain.

[00:46:22]>> Wow.

[00:46:22]>> What's a 36,000% gain in two days amongst friends there? You know, just a nice little How about this one, though?

[00:46:28]This is the unluckiest trader in crypto.

[00:46:30]So, if you guys ever feel bad about your portfolio, I should have bought this. I knew it was good. It ended up running up. I should have sold this. I knew it was bad. It ended up dumping. Nobody is close to this person right here. Nobody is close to this. This is as bad as it gets. Unluckiest guy we've ever seen on chain. 80 days ago. They spent $500.

[00:46:52]They had 7 billion Asteroid. One day before the pump, he sold all 7 billion for a loss. They actually lost $137.

[00:47:03]Today it's worth 2.6 million.

[00:47:05]>> Wow.

[00:47:07]>> Now I got to go look at the the bubble maps and everything. I need to go check on this guy's family.

[00:47:12]>> Yeah, that's rough. That's a painful one.

[00:47:15]>> Yeah, it feels like it's going to rug.

[00:47:17]But I'm going to go uh >> think >> snooping around and I think Deck Screener gave up. Did Deck screener give up? This is weird. I'm getting a bad gateway on on deck screener right now.

[00:47:28]So that's bad.

[00:47:30]>> Elon's out there shilling this, pumping it up.

[00:47:32]>> I think he just said something about I don't know if he said this particular one. He tweets so dang much. I looked a little this morning, but at a certain point I'm like running out of time. I like I I don't know. I guess I could have used Grock or whatever. Uh Elon, that guy posts a lot.

[00:47:45]Have y'all like checked on his timeline in a while? Yeah, >> I know he's on there a lot. No.

[00:47:50]>> Wouldn't you though too? You own X, right? I mean, I'd be dumping everything out there, you know? That's that's absolutely what I'd be doing.

[00:47:57]>> Yeah, he's like up there. Uh I was going to show you, but I mean, I guess I can't. He's like really into his Grock.

[00:48:02]Imagine.

[00:48:03]>> Oh, yeah.

[00:48:04]>> Okay. Okay.

[00:48:06]We're >> Oh, that see now we need we need to flee after that.

[00:48:11]>> Yeah. Okay, I won't go on.

[00:48:12]>> It's an ancient wall and someone tore it down with no respect for the culture.

[00:48:16]That's all we'll say.

[00:48:17]>> Okay, fine. Moving on.

[00:48:19]>> Drew's ancestors would have came screaming down a hill.

[00:48:23]>> Yeah. You know, >> they would have seen it. War paint would have been a whole thing.

[00:48:27]>> You The metal helmets, right? The metal helmets, the Red Cross. It's all coming back. It's all coming back.

[00:48:33]>> Uh we do have uh updates on the I I actually didn't share the article.

[00:48:38]There's a whole article where layer zero blames Kelp. We covered it and I was like, "All right, you know, we don't need to like repaint this door." Now, Kelp, they're now preparing a memo.

[00:48:46]They're blaming layer zero, >> of course. Yeah. Very crypto of both of them.

[00:48:51]>> Very mature, right? Very mature. Um, layer zero feels like one of the lynch pins in this situation, though. And that's just my opinion.

[00:49:02]>> It's always bridges, it seems like.

[00:49:03]Yeah, it is always the bridge that ends up being the entry point for these bad actors.

[00:49:08]>> So the bridge said, you know, I did a little, you know, I read an article, I saw what they were saying. Layer zero basically said kelp DAO had a weak a weak ability like just a weak mechanism where you could create that staked ETH.

[00:49:21]And so they say it was you are the ones that allowed all that stake ETH.

[00:49:25]>> Then they took that to my bridge. So it's your fault. Kelp is like, "Well, your bridge enabled it, so it's your fault." And it's a bunch of people just pointing the finger, jerking around.

[00:49:37]>> Pretty smart guy giving Yeah, he's feeling sick. Crypto Steo's layer zero is a one sig. Mostly their fault. So, >> and they say Kelp Dow's creation of that was also a one sig. So then you were back to this.

[00:49:50]>> Oh my god.

[00:49:51]>> Yeah. How about not making a one sig for hundreds of millions of dollars, right?

[00:49:56]Like that sounds pretty real. Could you imagine this, DJ? I mean, yeah.

[00:50:00]>> No, it's it's it's crazy that that that level of stuff still happens in crypto at this price point. It's a little scary.

[00:50:09]>> A little scary. That means we're still early though, right?

[00:50:13]>> Still early. Definitely still early.

[00:50:15]Uh speaking of early, we might be a little early on a little bit of a dip. I did want to share this. Uh you can see the price is making higher highs on the 30 minute candles, but we are starting to stall out on the RSI. So, we are losing strength. This isn't saying we can't create another bear div, but we are starting to give you the warning signs, the beginning signs that maybe the markets are starting to cool down here. And yeah, we don't quite have a trend there. So, keep an eye out on this. Uh, Bitcoin might be coming down to revisit this little area right here.

[00:50:46]That's 73800.

[00:50:48]>> Like the liquidity, it looks like 742 looks tasty. And that'd be a vibe check to a previous support spot before we started cooking up to near 7 uh 57 this morning. Um and looking at it, let's just look at a 3-day real quick and see how many reasons we got to go down. We we might just see a little bump and run to this internal support before gathering up this bigger chunk to the upside. Like that's what I was saying.

[00:51:14]There's so much disbelief. the the shorts are just giving food to Bitcoin to keep going higher because there's a massive amount of disbelief going on right now because people don't want to accept the idea of something new happening to the Bitcoin four-year cycle where you dig out of the pain zone quicker than you've ever done. And you know, it's it's where we are right now.

[00:51:38]Um I think that you know, sidelining is pretty foolish in my opinion. when you're sidelining yourself out of cheap Bitcoin, you never end up thanking yourself five or 10 years down the road.

[00:51:51]So, I'm buying Bitcoin very aggressively trading. Um, and I'm not sidelined. I'm actually probably going to take a little snag of that hyper lend product as well in the midst of all this chaos.

[00:52:03]>> Uh, we did have someone mention this is kind of big news, especially, you know, traditional markets here. Uh, UAE is asking the US about a a lifeline here.

[00:52:10]They're basically threatening to settle their oil and Juan unless we give them a lifeline. So, it's give me money or I quit using the dollar. I guess we're going to give them money, Drew. That's my guess. We don't know for sure, but you know, that's that's my guess there.

[00:52:26]Or we let the situation spiral out of control and all of a sudden Saudi Aramco is gone a year from now.

[00:52:32]>> That's a potential as well. And I'm not saying this to be uh a jerk. I'm saying this because if this situation does spiral out of control and oil production does end up getting halted for 5 or 10 years to rebuild those stations, who do you think all the world comes scrambling to for energy exports? It's Russia and the United States. So there is a potential where you could see this not be resolved on purpose by the US because then it's boiled down to who has resource. Just a hunch. A hunch.

[00:53:05]>> All right. I will say if a Ramco gets taken down, 40k Bitcoin. That's what we're That's what we're gonna see. Yeah, >> it would be, you know, that probably, you know, I still disagree with the 40k, but it would probably end up being, you know, a double-digit pullback. I think it'd be a double- digit pullback for sure. Um because that's a a pretty good chunk, but the ma the massive amount of oil that Russia and the US has. Um, even though we're utilizing and there's a lot of exports coming out of Saudi Aram coal, the US is sitting on an unfathomable amount of oil and that we have not tapped. And the Russian situation, they also sit on a massive amount of oil currently being tapped.

[00:53:48]But you know what? When this really gets boiled down to it, yes, oil is a big part of it, but so is clean water. So is fertilizer. So are the raw materials that make food. and and water accessible to people. So, you know, this isn't comfortable what I'm saying and I get it. You don't you don't like to hear a situation like this being theorized. I totally understand. But I'm just looking at this from a perspective of resources and what's going on, right?

[00:54:17]>> And our weak call potentially in a bull flag.

[00:54:21]>> Okay.

[00:54:22]>> Still still holding some.

[00:54:23]>> There you go.

[00:54:24]>> So, I will we'll ride that one into Valhalla. I think we're doing either$25 or $30 strikes. I can't remember. But it's a momentum based trade. So people think it might hit 30, they'll offer you a premium. And if you zoom out on this is basically tracking wheat bushels. Uh wheat incredibly cheap historically speaking.

[00:54:43]>> Yeah. So >> um let's see here. I want to because I uh I know that Ukraine makes a massive amount of the world.

[00:54:50]>> That's the spike right there. The the Ukraine Russia war. That's the spike right there in 22.

[00:54:55]>> Mhm. I would be surprised to see Russia continue this because their economy is now benefiting from being a war economy.

[00:55:02]They don't really have much incentive to back out um economically right now. So yes, war is ugly. Yes, it's crazy that nations would be doing this for the fact of resource pinch, but it doesn't seem like it's getting solved. So that might actually >> also consistent with humanity.

[00:55:21]>> Right.

[00:55:22]>> Right.

[00:55:24]>> All right. Well, uh, that's all the charts I got for you, Drew, unless you had anything or TJ some, uh, just distilled thoughts from the vacation.

[00:55:32]>> No, just buy Bitcoin. You know, it's good to buy Bitcoin in in all scenarios.

[00:55:37]>> Mhm. Also, you leaving and the news being the same kind of puts a lot of things in perspective. We could watch the the day-to-day fluctuations and geopolitics.

[00:55:46]>> At the end of the day, >> you know, we we've lived through a lot worse. civil wars, world wars, famines, dust bowls. Uh this, you know, zoom out.

[00:55:56]This is small fries, small potatoes, folks.

[00:55:58]>> Yeah, absolutely. And just to follow up, so Ukraine makes up about 30 to 40% from pre22 levels, right? So that's a big chunk of wheat that comes out of there.

[00:56:07]And I got to give XRP people their flowers here. Just really quick. Okay, just really quick.

[00:56:12]>> There's a 786 retracement. A lot of dust is settled from the cascade to the downside. XRP is defending itself better than most altcoins out there for whatever reason. I don't know if it's grandma or grandpa or your uncle that's buying these big bags of XRP. I don't know who, but XRP more and more that I look at Bitcoin's ability to defend 60K, I actually think XRP is going to be able to defend a dollar if we see another major flush out at this point in the game. from a macro looking at XRP outside of all of my emotions of how much I hate it and the fact that I'll become begrudgingly rich if this thing goes to the moon. I think that a dollar is actually going to be able to defend itself even with the massive amount. I think there's a couple billion tokens coming out. Um >> I say I can't believe you said you you don't know who's buying it. I thought it's Isn't it all the banks?

[00:57:07]>> No, they're buying it all. Swift. It's Swift buying it all. Uh, it's, you know, it's it's got a cult and the cult is effective. You have to have a cult or an army or a gang to defend these low levels and XRP.

[00:57:23]>> You got buyers.

[00:57:24]>> Yep. That's it.

[00:57:25]>> I'll say if it does drop, I will take the victory lap on this this uh spike. I would say that's close enough.

[00:57:32]>> Mhm.

[00:57:32]>> Yeah.

[00:57:33]>> It's a little 1508. That's 154. So, I'm four pennies off, but I'm still going to take a victory lap on that one. All right, everybody. Smash the like button on the way out. Make sure you go watch our videos from the weekend. Really, really give you a very, very good Bitcoin bottom of the bare market indicator. Give you my thoughts. Is it flashing? Is it going to I don't want to give away too much, but make sure you go watch that video and I might look into what the heck is going on with Bitcoin this week. It's going to be insane.

[00:58:02]There's definitely some uh expirations looming on the horizon and what we've seen with everything with the straight.

[00:58:08]It's going to be a lot of fluctuations, but there's some key levels I think I have identified, folks. So, smash the like button on the way out. Make sure you subscribe to our channel. We'll see you in the future. We just wanted to take a quick second to shout out our sponsor, Arculus. They are 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.

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