Bitcoin’s Pullback Is Removing Weak Hands

追加: 2026-05-31

[00:00:00]Welcome back, guys. So, right now is one of those times where the weak hands are being filtered out from the strong hands. So, I know a lot of people are quite depressed about the recent price action of Bitcoin and crypto, but there are a lot of good things happening. You just have to pay attention. So, let's look at some of these great things geopolitically, macrowise, also regulatory, and some things that you may not be thinking about. All right, so right now, Bitcoin is slightly under yesterday's price at this point, right under 74,000. And that is actually pretty good because this morning we were a little bit lower. So, this is on a smaller time frame, the 15-minute, but you can see MACD's flipping above. We are now holding above this 50 MA, right?

[00:01:01]And we're utilizing it as sort of a support as we climb higher. So, that is good. We're forming a base. We're not heading any lower. Obviously, we're still lower than the 7576 that we were at before, but it does show that there is strength. We're not just falling and falling and falling and falling. Now, what are these good things that can drive us higher? Well, Asian markets, okay, yesterday sold off because they were afraid that the war was going to escalate. But today it looks like it may be coming to an end. Um even though Iran launched missiles and it doesn't really say where they're just launching missiles, but the proposal has been put in front of Trump.

[00:01:52]Okay. So it looks like both sides have come to agreement and Trump is now deciding whether or not to pause the war for two months. So it it's like the next best thing I guess, right? Uh it's better than this ongoing thing where every other day we hear about, okay, there's a launch, there's an attack, there's a something else that's going on. So I guess this proposal does pause things for two months, but basically it's setting terms to end the war and end it soon, right? So this is being decided and maybe maybe by tomorrow we get an answer. So obviously right now this is one of the biggest things holding us back right now. It's not the only thing.

[00:02:43]It's not the only thing but it is one of the major things that's happening. Now what are the other things that are holding us back? What's really testing us right now? Well I covered it this morning. If you look, we had a pretty bad outflow. Okay. Um, yesterday and basically the entire week, we've been having bad outflows. Although, if you look at the last 90 days, we are still up by 1.22 billion. But still, right now, there are a lot of weak hands leaving. And even with stable coins, if you look at the one day change, I missed this, but 1.44 44 billion in stable coins that came out. Okay, so obviously you do have some money leaving crypto right now. And on top of that, we had a Bitcoin long flush. It was close to like 600 700 million in the last 24 hours.

[00:03:44]Has come down a little bit. But you combine all these things, okay? You have some manipulation that caused a whole bunch of longs to be shorted. You have some outflows. There are definitely people taking some money out, right? And we still have geopolitical stuff to worry about. All this compounded is what is keeping Bitcoin down, keeping crypto weak, and why so many people are fearful right now, right? and losing hope. But again, this is one of those times, like I said, we're basically clearing out the weak hands from the strong hands, from the ones that believe, the ones that have been in the cycle for a long time.

[00:04:33]Well, not this cycle, but many cycles before it. So, obviously, um, we're being tested right now, right?

[00:04:41]And what makes it worse, I know, is stock markets are going up through the roof. Okay, this is what the US stock market looks like ever since it fell down in April. A huge recovery upwards.

[00:04:58]So, one of the things that may be adding to the frustration is stocks, especially AI, are pumping like crazy, but not crypto, right? And I get that. I get it.

[00:05:14]And by the way, on the pro charts in the ass clash, I have updated this so this sidebar can now be shrunken or made bigger. And the watch list is now a whole lot better. You can move it up and down and you can track all your crypto and stocks all in one. And everything is really really nice. But as you can see, my point is this. If you go down, you look at the stocks, stocks are crazy, right? All green. All not only green, but really green. But crypto is still for the most part down, right? So that's adding to frustration.

[00:05:58]But here's the thing. Here's where you look at things half glass full.

[00:06:04]Stocks going up is a good thing. When people start making a lot of money in stocks, what do you think is going to happen? They try to diversify, right?

[00:06:13]They start moving money elsewhere.

[00:06:16]So we have seen this before where stock rallies, market rallies have caused a lot of money shortly afterwards to flow into crypto.

[00:06:27]So don't take this as a bad thing. Stock market going up is absolutely good thing. And you know what? Gold and silver are going down. And that usually happens when you have a rotation. When you have a rotation from riskoff assets to risk on assets, this is what happens, right? Even though gold and silver never should have gone up that much, they are both starting to fall. That bubble, both of their bubbles are popping.

[00:07:01]Okay? So, you're having a rotation. You got a stock market that's blooming, that's very hot. Okay? And you have regulatory improvements like this where clarity act is going to happen and you got the treasury secretary, you got the SEC, you got Trump, you got everyone that says US should be home for crypto. What do you think is going to happen? Innovation is going to happen, right? We're going to have a lot more cryptobased projects, businesses, new DAPs, new uses for ledgers, stable coins, Bitcoin reserve, everything.

[00:07:45]So, don't ignore this. Don't ignore this. Okay? And even though inflation is high right now, Walsh, he was appointed to lower rates.

[00:07:58]Okay? No doubt about it and he's still thinking about and talking about it. So he is definitely going to change things now that Pal is no longer chair. So you don't want to be and I'm surprised by this by Mark Cuban. Mark Cuban says he dumped most of his Bitcoin that it lost a plot because gold started going up and Bitcoin started doing horrible and it's not acting like a store of value. But Mark Cuban has been in it long enough to know that every single crypto winter is the same thing. Prior before we didn't have institutions, of course, there was no strength. That's why we fell down 80s something%.

[00:08:42]Right? But now we do have institutions.

[00:08:44]We haven't fallen 80s something%.

[00:08:47]Obviously, it's not as strong as gold yet, but we have made a lot of progress.

[00:08:53]And when you have the Treasury Secretary urging the Clarity Act and the SEC and CFTC all pro gung-ho about innovation, this is not the right move. Right? This is why we're clearing out the weak hands from the strong ones, right? So that's why you guys got to stay in the game, stay focused. Even though this is not optimal, it's not the end of the world, we will come back stronger. Last thing I want to show you is the the pressure map. Okay, all the liquidation levels.

[00:09:35]We have a lot of shorts waiting to be liquidated. These are all points where major major shorts will be liquidated.

[00:09:47]So looking forward to that. Okay. Uh lastly on asslash I did up update the notification.

[00:09:56]Uh I update a lot of stuff but the notification was kind of broken. Wasn't useful. Now it is. Okay. First thing you'll see is what's new. You will see all the changes has happened within just the last week. What I've been working on, okay, staking, AI charts and pro charts, token intel, stock screener, AI leaderboard for you, all have been updated and some of these are brand new. So, if you're not aware, check it out. And also any alerts that you have set in your portfolio watch list if something happens, if something major happens, you will get notified and you could go and open your portfolio.

[00:10:35]So, a lot more useful. And of course, the for you page also has been added. A lot of people go to the for you page every single day. And now there's a little bit more in here. For example, you do have uh what is it? Where? Where did it go?

[00:10:53]It got turned off. The callus radar.

[00:10:57]This is something cool. So, every day you could see what kind of stuff, earnings or economic reports that are coming out that is now in your for you page if you turn it on.

[00:11:11]Okay. And other stuff like today's market, which is a heat map you could also turn on for stocks. And yeah, mostly green. So that is also added.

[00:11:22]Just trying to make this as useful as possible for you guys to stay in the game, to stay focused, stay educated, do your research.

[00:11:32]Everything is available for you in ass.

[00:11:36]Okay, that's it guys. Stay strong and I will see you guys tomorrow and we'll see if Bitcoin makes a recovery upwards as we get better news. All right, have a good one, guys. Take care. Bye-bye.