MARKETS in the MORNING, 5/27/2026, BTC $75,700, XRP $1.36, Gold $4,454, RTY 2942, DXY 99

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[00:00:00]Here we go. Here we go. Here we go. Here we go. It is markets in the morning.

[00:00:04]Let's go.

[00:00:17]Hey, what's going on everybody? This is the blockchain backer bringing you the latest cryptocurrency news and analysis.

[00:00:28]Welcome to Markets in the Morning. Today is Wednesday, May 27th, 2026, almost halfway through the year. This is Markets in the Morning, where we take a look at the price action of the cryptocurrency market, including the Bitcoin price chart, along with the altcoin market, the XRP price chart. We get ready for the United States stock market to open up in 28 minutes from right now. We'll look over things like precious metals, gold and silver, any type of crypto news or financial news going on as we are at the halfway point of the week. Got kind of a little bit of a mixed market over here. I think Bitcoin's down just a little bit, but we got quite a bit of green throughout the rest of the market. So, we'll kind of take a peek at it and see how we're doing. Stocks are at all-time highs, just killing it. Uh, so we've got a lot of stuff going on out here, but otherwise, we are at the halfway point of the week. So, it is Wednesday and happy Wednesday everybody.

[00:01:23]Wednesday, >> it is Wednesday, my Wednesday.

[00:01:47]Alrighty. What up everybody? Thank you so much for tuning in here on this fine Wednesday. I hope you guys are doing okay. We're just kind of, you know, just we're just trenching through, man. the uh the typical part of the market, kind of the boring part of the market after you kind of go through a full cycle and the market's just trying to kind of recover itself and we all just kind of have to sit back, twiddle our thumbs, and kind of just enjoy our own hobbies for a little while until this thing can kind of ramp itself up. Uh you know, the market cycles are obviously acting really just right on cue to what they've typically done in here and but like talked about on Monday's video, we've got these interesting things going on uh in regards to macro markets, right?

[00:02:29]those conditions that are a little bit different out there than what we've typically seen when we're down here in the depths of stuff, especially, you know, seeing things like the Russell 2000 breaking out into new all-time highs. And that all just begs the questions of just how long do we have to stay down here, right? Like our our typical stuff which has operated like literally right on time to get to where we're at, right? All this stuff still says, "Hey, you got six months left to have to just kind of keep trenching. You got your cruel summer. You got your boring stuff ahead of you, but then of course you're left with all this stuff in here where you got the Russell Preston on new highs. You got the S&P.

[00:03:05]You got all that stuff. You got the rotating top theory. You got all this stuff happening with uh very different from back in our 2022 bare market where we sat at the lows and equity markets were all down there and just chilling out at the same time. We're finally pressing. We're finally escaping this 5-year range that we've been in for the Russell. Things are pushing. And so it just, you know, leaves the the questions and the wonders for everybody on whether or not uh we can get out of here a little bit faster. And I I wish I had that answer for you. Uh but I've been kind of like the last few videos presenting those. Like those are obviously different conditions that we have going on right now. We'll see how things can can recover in here or if they're going to take much longer. I don't have the answer on on timing for you, but I'm intrigued. Right. So, I mean, I'm I'm I'm all set, man. If it takes six months, so be it. it takes six months and but I I think there's intriguing things of course pointing towards the potential for things to happen sooner uh with the the macro conditions that we do have in there. Uh but anyway, enough rambling about that stuff. Things that we've talked about in the last couple of videos and really in the last week is I've really just kind of been like just showing you like we started talking about what we thought the top of Bitcoin would look like really back in February presenting that this is February of 2025. uh presenting that this, you know, liquidation when we were in this moment. You can go back and check my tweets, check my videos, newsletters, all that different stuff in here that when we had this big liquidation happen in here, uh that the ideas were that we would just run up and then pull ourselves back and go back and touch that 2021 all-time high. Those obviously transpired throughout there.

[00:04:38]And so now it's getting past that. We've seen all the flashings of capitulations.

[00:04:42]Is it on this chart? Yes. Right. So, we've seen all the flashes of capitulation moments that have happened.

[00:04:47]You guys have been beaten down with this, but I think it's important to beat you down with this because when we're looking at smaller structures and tinier time frames, we have to understand our larger context. So, I always have to harp that a second time uh to a second time of a thousandth time to make sure that we're reiterating that that we have those conditions present of what should what typically happens at lows. Um and so considering that we've done all of these things the last couple of videos of course pointing to that right where did we really capitulate from right we didn't have to capitulate from such higher levels to go back to hit that previous high uh the capitulation phase started from much lower but we've already gone back and hit that underside resistance level in there like we've shown here right getting back to those levels hitting the 200 day moving average in there and then now you Does this thing pull down here to 65 and will there be a liquidation that happens or is there something that transpires to get it to push its way out? Things I've talked about in the last couple of videos barring that there's a liquidation.

[00:05:52]Right? And so that's something I want to reiterate here. Right? So barring that it's not just going to become a desert crossing, right? Like we've shown over and over that you're just really sitting there. Sorry if I'm that's driving you crazy that I'm doing that. I'm just trying to really plant that in your head. U barring that it's not going to just be a slow secondary test through a cruel summer in here and that we do see some type of liquidation that I've kind of harped on here that there's something that shows up that does like a $2 billion liquidation throughout the market. Uh I am prepared uh to get myself to 75%. So, as you guys know, it got to 25% right in here. And then we did dcaing of 2% per day to get to 25% in here. And now I've just been sitting on my hands for the last two and a half months. Uh I will personally start accumulating down at these levels. If we do actually end up seeing a liquidation take us to there and something that startles and scares the market, I'll do it. Uh otherwise, there's there's just this level right in here under the resistance under the 200 week. Uh I'm not so concerned about the 200 day moving average. This is just kind of a confluence factor, right? And so if you've watched so many times how we've talked about confluence and why those things are always important to see things happen at the same time. It's very difficult to use one indicator or one tool and you know make assumptions based on what one tool is doing. Uh but when you can get two different things to happen at the same time where we get to the same levels and then the same and then you get another thing to line up there, it really presents it. Um one thing that was really intriguing that you know most people don't see but we have the access to here on this channel of course is the breadth, right? So we get to take a look at the breadth indicator and how the daily time frame was as close as you could possibly get.

[00:07:47]it became very blatantly obvious that breaking through this level was going to trigger the daily breadth to be able to go because the 12-hour breadth turned on at that exact moment, right? Uh all point all things I'm trying to say is like we're under there's a clear resistance right there, right? And you get the 200 day to come in there. We got the 12-h hour breadth to open, but it got just within a hairline of making that daily. And so the fact that the daily didn't turn on, it just tells us clear as day, this is where the resistance is outside of there just being a 200 day moving average. Uh but also we know that uh in potentially even a yoff that this would be our area. But what it also tells me here is like we're talking about, hey man, if there's like a fat liquidation that happens down in there, I'll probably start I'll turn I we'll probably turn the DCAN back on. It won't be done in one large chunk because I'm going to take it I'm gonna take my time. I don't think I just out of all scenarios I have, I don't think it goes like this. You know what I mean? Like if that ended up happening, I would expect it to be like this and then be able to work its way back up after that.

[00:08:58]But what the the point of all of this rambling is saying that there's just nothing for me to do right here. uh is just a super there there's too many things that could happen, right? Like if something happens that like shoots it out in here. Uh I'm totally good with that because then it tells me that the breads will be open everything and then you know I'll just be able to grab on top of there and I'm fine with that. I would rather pay higher prices for that uh than take the risks that are associated right here. So, we are just stuck in do we get a fat liquidation to happen right here to take it down or do we get an absolutely grer and uh I don't cheer for this. It's hard to say that it's not the most likely. It it could be just because of how the market has been behaving so far. Um but, you know, that's just where we're stuck at. And like last week on on Friday when I put out the video, I was like, "Look, this is just trash." And the irony is it it still just looks exactly like the same trash you would expect right here. Right. So, it's the waiting game. It's the tough time of the market where everybody's beat down. And uh I can comment on that, too. Like I I would I've been real fortunate this cycle to not have to emotionally really be on the wrong side of this. But based on the indicators, based on the amount of time we're spent here, um I would expect that the emotional sentiment of most people in the market is likely, you know, like being in July, August or September of like 2022 or being like in December, January, February, probably February or March of 2019, you know, post capitulation. Um and then we're just stuck with a lot of boredom in here. And I know how that goes, how it, you know, I'm bored, too, right? Like, who isn't bored here? Uh, but, you know, this is just part of the typical stuff that we have to go through. And then, it won't last forever. And the thing I keep trying to harp on is that this all started, and the reason why it's painful because it feels like it's been going on for so long, is not that it's been going on for just a few months. you maybe psychologically finally started to like believe that it has been over the last couple of months if you were still holding on to the idea that it was a bull market here back in December, January, and February that 74,000 wasn't going to break or whatever. And so like emotionally thinking, oh gosh, we just now entered a bear. you what you don't recognize is that you've been psychologically in a bear since January of 2025 and that there's not much time left even if that ends up having to play out.

[00:11:52]There's not much time left for it to have to do it uh for things to start working their way back up if this market acts anyway like it has in every single cycle. I think the thing that you can hold hope onto uh that hopefully it's a little bit faster is this stuff. This is certainly unprecedented uh for this particular phase right like it's uh where are you right clear as day been a full bear market and I don't know why there's still the gaslighting to say otherwise but I think that the thing that is very intriguing of course is macro markets and whether they can turn things back around much faster. Um, but I don't know. I I feel like, you know, that's the thing about doing it live. It's like there is a whole lot of rambling that happens in there. Um, but I think we'll get answers to things here within the next week or two on if we're going to end up having some type of slow drift that's going to end up, you know, taking a long time or if we can get a big fat liquidation, right?

[00:12:57]And I know it's not fun to hear the words liquidation, but I keep kind of re-harping on that over um again because the market will be scared during that. Uh but I do intend to put capital into the market during that moment. So, I'm waiting for it. Um because it's what we typically see. It's something that you do typically see down in here and that's where sentiment kind of really gets flushed and sentiment is already pretty rough. Uh sentiment is bored.

[00:13:24]We're kind of in that time like you we talk about a lot of different kinds of capitulations. There's price based capitulation, timebased capitulation. Um and then of course there's like jealousy based capitulation where people will see certain assets rising and they'll kind of lose faith on whatever they're invested in and then go chase that like a a sector specific way on to think about that right now would be like people who are like debating between crypto and AI maybe considering abandoning one and chasing another that's in a bubble. Now that's jealousy based capitulation to ditch crypto go chase AI or right right like hype hyperlquid just set a new high right so ditching something to go chase a coin that's already in a high we see a lot of that with Zcash right how much clowning was happening on Zcash for four years now people are just buying at ridiculously high prices right because you know the FOMO associated with it so when you're in this type of environment if we do see a liquidation right in here with sentiment already where it's at.

[00:14:23]Expect, you know, expect social media to be rough, but I'm trying to lay down the foundation that if we see it, where are you? If I can find it. If we see it uh where we get a liquidation back down to these prices right where like conceptually viewing it is that where we are right now is like being right here where we've gone back to back test the underside of the capitulation uh breakdown level that we would just go back and rehit a support uh with a liquidation in here. And if that happens the market sentiment would be in the absolute gutter. Uh, but this is typically what you actually get when you're going into recovery. So, I just kind of, you know, and I I I don't have the answers on if it's going to I I I hate to say it because people don't want to hear that. I would rather see that uh than see things just really kind of grind sideways because then it's going to be a long summer for everybody. I mean, I don't want a long summer. If you if you want to know that like if you try to think you know what what is everybody what's um what's in it for you right as a content creator right like me BCB what's in it for me uh if prices recover faster just it creating content is not easy in these environments you're trying to think of creative new sexy ways to say things when it's really just running sideways so I certainly don't want that and so because It's just what are we going to say for 6 months? All right guys, we're just working on the secondary test and then you know we come on and make two to three videos a week kind of reharping.

[00:16:07]We're within the secondary test of phase B within woff accumulation that we're going to go back to range resistance and then we have to get ready for what? We have to get ready for a last point of support, right? An LPS or we have to get ready for a spring, right? So like that's going to be a long period that we have to go through for it. So it's not in the best interests of my YouTube channel that that ends up happening. The thing that's in the best interest for me of course is for prices to go up. So thank So of course I'm there being the cheerleader for it. But that's also the best case for every content creator out there if you can imagine. It's it makes life easier for every content creator. So that's why people perpetuate it that it's going to happen non-stop because it just makes it a whole lot easier as a content creator rather than painting the true real image of saying hey look man are you going to end up getting six months of this stuff I don't know. So I started that by saying what would be the what would I actually prefer right uh not that I would prefer if we did just see a $2 billion liquidation and it goes down and hits it. Uh, not only that because I not only for the sake that I think we'll actually do think we'll actually recover very quickly from getting something like that, but I of course will get to make more buys there. So, uh, what's then again, of course, that's always positive, right? But if I had to choose that, that or that, uh, I of course that's number one.

[00:17:40]But I have to check myself and make sure that I'm not looking up for my own self-interest in content creation by saying that. I think that I think that that's uh would be best case scenario.

[00:17:49]Uh because it opens up those doors for us to be able to recover very quickly and with the macro conditions that we see in there, right? Uh that we can that we would be much further along in that people who are and I totally get it, right? And I'm not here to knock on anybody. uh right the four-year cycle uh stuff for bottoms one it's not wrong right now right we'll look at it from this lens right look at the timing of these things like I just put I'll put a line on here thicken that up what am I doing I like forgotten how to do F.

[00:18:44]Okay, there you go. Right.

[00:18:46]Uh to the next peak, right? They're just literally perfect. And then, you know, we kind of get off by a few days over in here, right? And then we get off a little bit by our capitulations, but relatively speaking, everything has moved right on time, right? So, of course, the argument is, right, we won't be able to escape from here like we did back in 2022 and in 2015 to really till we get to about December, right? That we just kind of stay rangebound for 7 months. That argument is is fair, right? The and I can't disprove it. I can't disprove it. But if you're going to have that for your cycle, I I think the challenge with it is if I'm reasonable and like I said in the last video that, you know, when we were calling the top, it wasn't like there was 100% things in the favor to call for the top because you could have argued for Bitcoin dominance and you could have argued that the Russell 2000 isn't crashing, which we addressed constantly, but there was such a plethora in the bears favor that it was just extremely hard to ignore it, Right. So, right now when you're looking at the bulls versus the bears, right? This is obviously still just in the bears favor. It's very, very much in their favor.

[00:20:11]But this isn't, right? This is very different to see this recovery happening over here in macro markets, to see these bubbles being printed over here in the major indexes, to see small caps and midcaps start to escape. And that creates the difficulty of saying will we actually have to go ahead and do prolonged period when you know we look at what were we just showing right we look at all this and expecting it to sit down here well that's this stuff right it's not like it's like that right it's not it's it's pressing on so I think when you're creating the bull versus the bear case and you want to hold on to it and argue with complete conviction that it must do that. I just don't think it it has to. I think we we could be further along in here and that maybe it's a moment more like this right in here. uh that you know and then eventually let me see if I can hit play on this right right and that recovery is coming much faster and that you know if we can get through this phase and get on here I just don't I just don't think people are going to think we're there yet I think people are very delayed and you know that they're very delayed by everything that happens so for those who went through 2022 2021, 2022, and then 23, 24, 25, and 26.

[00:21:48]What was the general consensus on cycles and how delayed they were right in here?

[00:21:55]Everybody's still calling for 12K because we hadn't passed enough time on cycles for bottoms to hit, right? And then up here, even after the liquidation happens, even in this stuff right in here, people are calling for extended cycles, right? So the market's always there the the collective consciousness of everybody is very delayed and very behind. And if there becomes a liquidation rate in here, I think everybody would be utterly terrified and thinking there's just so much more to go when there's probably not. And so if it happens, great.

[00:22:37]I know that sounds weird. Great. uh because I think it's just a particular phase of us being able to shift on and complete a range and then shift higher.

[00:22:46]Um and that's my bet. So long- winded unprepared ramble that just happened right there. Anyway, again is presenting all this too, right? Like so for um for your cycle theory and why and thinking that you know there's got to be a whole lot more. Why would we already be here, right? Why would we already know that we would have gotten to our capitulation phase back in February?

[00:23:15]Remember all the posts throughout January? Why would we already be there?

[00:23:18]So I I just think everybody's behind again and they always are. The market's always behind.

[00:23:25]Um but yeah. All right. There you go. So anyway, it's just are are we here?

[00:23:31]That's like what my thoughts are. And that it's just kind of it just doesn't seem like it. Let me see if we can do this. Can we do this?

[00:24:02]that you're just bucking underneath the capitulation resistance and that it just looks a little a little compressed in here and that it it sweeps and then like we talked about, right?

[00:24:22]And then you liquidate and then you liquidate. So that's what we're watching for if we're going to end up getting that. And if we end up getting that, I think we could press on in ways people wouldn't expect to be coming. And the only reason why that that the only reason why I think you can make this argument of it happening faster is because of that condition is because of the macro market condition that is otherwise no way like those past ones where we set at the lows. So you can go back and you can review uh the bare markets of like 20 right here's you know here's 2018 here's the capitulation of crypto right and then it's like Russell doesn't escape here in June of 2020 right and then or excuse me uh January of 2020 and then we have C19 right and then when you go back to 2000 right the the crypto bull run ends here in 2013 and then it just stays rangebound all throughout here and then when it escapes right it stays in a bare market all throughout this time into February of 2016 right and then boom then it escapes and then the whole market goes with it so the the point being last cycle we constantly said this time is different and there's going to be a different outcome because we were not getting expansion and so now you are getting expansion happening over here in midcaps which is very different uh from past cycles and past prolonged recoveries. And so if we end up getting a liquidation happen very quick, I think we could actually recover very quickly, too. So that's the long- winded answer.

[00:26:04]All right. I'm not sure if I'm getting anywhere with this. So I think we've got it all. I think we've got it all covered. Uh here's one thing too. So this is just a comment on the rotating equity top theory. Um what what I have here on this chart is the like uh Russell to S&P 500 ratio.

[00:26:38]And this is the dot bubble, right? And we've talked about how there can be a rotating equity top and like a blast that can happen in these mid and small caps. And we saw this happen in 1998 through 2000 that the Russell versus the S&P 500 got obliterated.

[00:27:05]uh where it was the S&P stealing the whole show until we got to the very peak of the market and then a massive rotation happened throughout this market that shoved the Russell to S&P ratio uh surging to the upside in here. And so when we're talking about these things, we can see that the Russell versus the S&P has gotten obliterated throughout in here. And that if the the idea is that there'd be some type of big move, and we're not talking something that's going to shove the Russell way way higher, uh, but that there would be some type of move back up in here. That would be like an explosive move that happened in markets. And so, when was the last time that we had a really big move happened in the cryptocurrency market?

[00:27:53]Was it in January, February, and March of 2021?

[00:28:00]right into April. I haven't even done this, but I bet I could put this on here and show that this is let me do this.

[00:28:19]There you go. Right.

[00:28:21]So, there becomes a rotational move that happens in equity markets in here. And so when we have bubbles that get printed in major markets and in major indexes, we can see that these annihilations of the ratios of small to midcaps to large caps can happen. And then as the peak comes in, there becomes a big rotation.

[00:28:42]And that's also what we saw happen back in here back in 2021. And notice in 2022, 23, 24, 25, 26, we never got it to happen. So that's why uh the cycle felt a little bit different and it was something we commented on. But the thing we keep talking about with rotating equity top theory is that you would see this and this of course produces a long-term top in equity markets in general when this ends up happening. So when we see this and we're living in this moment because I fully believe we're going to live in this moment.

[00:29:15]It will be very exciting. I know it's hard to believe that right now in these types of market conditions when you sit like this. Nobody ever thinks it's going to get exciting again. Everybody walks away like there's 1300 viewers watching this stream right now. Congratulations to you guys for sticking it through and understanding that. But the general public leaves, right? So they don't believe that it's going to end up coming back again. But when it does start coming back again, they all start pouring back in again. And they all start thinking the top can never happen.

[00:29:47]But I'm really trying to lay down the foundation of what we're going to be looking at when that comes because I fully believe it will come. And when it does, these are going to be things that we do talk about at that time in that look, it was all about rotating equity top theory. We now have the Russell verse S&P ratio booming back to where we thought it would go. It's probably going to end up doing a retrace. I wouldn't be surprised if it's a 702 retrace of from 2021. And then of course looking at the Bitcoin to gold ratio which we've talked a lot about if Bitcoin to gold gets back to like 20.

[00:30:21]I think the number is 20 ounces of gold per Bitcoin. Um and then we see a huge surge in the altcoin market which I do think will come in this entire then we address it. But uh this is again just a little tiny chirp on rotating equity tops, showing you how they can happen, showing you how breadth can collapse in 1999 during that bubble, right? Kind of like right now people ditching crypto to go chase the AI bubble. Um this is the type of behavior that does happen until there becomes an explosive move and a rotation that happens throughout those markets.

[00:30:55]And we have not seen that yet, which we can clearly see over here on this ratio.

[00:30:58]Uh, but this will be something that we're going to pay attention to. And who knows how long it'll last. I hope it lasts three months when it does happen.

[00:31:06]I just hope it doesn't last a week. It's thin.

[00:31:10]Everybody gets mad. Like, oh, wait. It happened so quickly. Uh, all right. I'm selling. No.

[00:31:16]All right, there you go. IGV, of course, still cooperating in here. It does look like that was the low there for IGV and it's just in its slow creep, and it's probably going to end up building a new range throughout in here. So, these things are all favorable in here, too.

[00:31:30]Uh, circle, we haven't commented on circle. Two, people ask about it a lot.

[00:31:33]It looks like the same idea, right? It looks like, right, it bounces out the low. It's building a range, trying to get back down to the bottom of the range. I'll probably start adding back uh adding more. I didn't get my full circle position entered in here. This is one of those things I was talking about back in here that I was going to be making a circle position. I think only got like 15 of the position in that I wanted. I would probably turn it on back in here and try to increase that gradually in here and uh try to get it back up. So, all right. Gold boring ABC correction is what it's looking like in here. This is probably going to end up being like a 1 2 3 4 five in here and then probably rip. So, long for gold. Um, how long are we in here? 32 minutes of rambling. Let's go. Uh, we'll start with stock market news. Republicans stare down inflation abyss with midterms fast approaching. Ken Paxton beats John Cornin in Texas Republic Senate primary after Trump endorse. Oh boy. I hope that's not what our news is for the next six months. Senate this, Republican that, Democrat this. All right. US oil falls below $89 on report that Iran agreement would restore Homu's traffic in one month. Goldman raises its S&P 500 year end forecast is for one simple reason.

[00:32:51]How many of you guys are going to trade this news?

[00:32:57]It falls on a report of an agreement that would restore traffic in one month like and this is frontline major news from major financial news source for regular people like this is the like how do you draw any alpha from that? You can't draw a thing from that. All right, we're going to behave during the news today. All right. All DeFi unsafe claim sparks AI security debate after April hack surge. China's top court to study rules for crypto and AI cases.

[00:33:28]Cryptobacked candidates win key Texas primary runoffs. Three key XRP metrics suggest explosive price ex price expansion is next.

[00:33:45]I'm not going to open it. I'm going to go read it off off the screen really quick. We got to we got to see. Oh, did they remove it? Oh, no. There it is.

[00:33:53]Let's read it. I'm I'm not going to pull it up on here because I don't know what type of ads they're going to show. The falling MVRV ratio, higher XRP ledger activity, and a bullish wedge pattern.

[00:34:13]Okay. XRP's MVRV ratio fell to negative 47% a level historically linked to strong market rebounds and accumulation.

[00:34:22]Uh that doesn't mean it's about to surge. If you're talking about accumulation, right, if I if I am allowed to come on and start creating titles and thumbnails and uh describe accumulation as surge, now if we have free passes to do that, I will get more clicks.

[00:34:39]Our XRP ledger transaction spike suggests rising network activity and a possible macro price floor near a$130 to a$150.

[00:34:51]I don't know what transactions activities would be happening. I don't I don't see much going on on X of people like doing anything. Uh XRP's bullish falling wedge pattern projects a 134 price breakout to 310.

[00:35:07]Okay.

[00:35:14]This is interesting to see here.

[00:35:17]Let's look at this.

[00:35:26]But this is what's also interesting too for all the gaslighters, the XRP gaslighting content creation out there that happens.

[00:35:42]All right. So, the MVRVZ score has fallen all the way down here.

[00:35:49]Uh, when does the MVRV score fall down here? What type of market do you do that in a bull market?

[00:35:58]you do it in a bit, but right, it can hang out there for a long time, right?

[00:36:00]It doesn't mean it's going to skyrocket just because it gets there. But what does it usually mean once you're down there? It means we've gone past capitulation at least, right? But accumulation, all that stuff. It's all it's all these things we keep talking about and being like, you know, it's hard to tell how long it could take down in here, but that you've gone past kind of like the the decimation point of the market happening by the time you get here, right? Uh but these are things that happen of course when you've completed bare markets. Uh then you go into accumulations and and drawing out stuff. But the the bare market is really all of that. Then we go into accumulation market uh to try to go back into bull. But once you get down in here, right, the market has fully reset itself, right?

[00:36:49]Yeah. I found a thing that has helped me mentally. I I've just muted a lot of people on X.

[00:37:00]I if somebody if somebody has said if somebody's just dishonest with the data, I've decided just to mute them, even if I've followed them for years.

[00:37:09]That's been the easiest way for me to handle it.

[00:37:12]Okay.

[00:37:14]Uh we're going back to news, right?

[00:37:16]Well, boy, we're not doing very good with news here, huh? I'm just trailing off. Okay.

[00:37:25]Okay. Spot hype ETFs absorb 1% of market cap in first 10 trading days. Uh South Korea charges C catfi memecoin operators and first DEX rugpole case. Bitcoin ETF snap 5day inflow streak as Bitcoin slips under 80K. That feels like an old article. Uh Bitcoin's big cup and handle pattern triggers minimum $220,000 Bitcoin price. Bitcoin volatility falls to eight-month low. Is a Bitcoin breakout imminent? Ethereum bull. David Hoffman explains why he sold his Ethereum. Got to love it, man.

[00:38:01]You got to love it.

[00:38:05]Someone's got to get the the crowd upset. Uh Bitcoin drops after 78K pop, but value investor keeps hovering. Okay.

[00:38:16]Uh there's your news, guys.

[00:38:21]And there's all your squiggies. So, uh, long story short, make it really simple for you.

[00:38:37]Get all the squiggies off.

[00:38:47]We're stuck.

[00:38:50]We're waiting for it to give us some very clear information on how this is going to end up transpiring right in here. And we have the various things that we're looking for. If it's just a really slow grind, uh, then it opens the door for Wolf accumulation, which just means a tremendous amount of patience.

[00:39:07]If a big fat liquidation happens with like $2 billion or something like that, uh my bet is that's going to be uh the completion of the range that we've built in here and then the market will be scared. It'll be kind of like everybody thinking we're going to go to 12K back in 2023. Uh and then the market going and marching much higher after that. So, it's all about how it transpires and if it ends up being a liquidation down to the low or if it just ends up just kind of just going, right? And so, like last week, somebody had said, "Hey, did you notice it was a big liquidation? We looked in the market. It was $500 million. We're not talking about 500 million. We're talking about one that creates news headlines talking about ones that just kind of like happens in a matter of 5 seconds. It's automated selling, automated liquidations. That's probably going to mark our floor if it happens.

[00:39:58]If it doesn't happen and if it's really a slow grind throughout here, then I've got to find six months of ways to to say the same thing. Uh hopefully that's not the case, though. I'd rather I'd rather it be quick, but we'll, you know, I'm not in control of the markets.

[00:40:16]I just make my best educated guesses like everybody else. So, all right.

[00:40:20]There you have it. Oh boy. I just I need to not use the drawing tool. Right.

[00:40:30]So the the concept of everything again without re rehashing too much is this is where we capitulated from. Right. This was our capitulation from. It's just is this going to be our range and if we find our floor right back down in here on some type of liquidation. If there's a liquidation I'm a buyer. I'll be scooping it up. I think we'll be recovering much faster because the macro conditions favor us recovering much faster.

[00:40:56]Roario says, "Hey, BCB, what do you think of Ethereum? You don't cover it a lot in your videos." I don't I don't cover a lot of altcoins in my videos, guys. I just kind of stick to Bitcoin, XRP, and then we just dabble around a little bit. Um, anytime historically, anytime I I do make Ethereum videos, they don't really perform very well. Um, so it's just it it's something that I just haven't I don't put a lot of time into creating those. Uh Ethereum is a difficult chart too. It's a really difficult chart. Um so it's more of focusing on macro. But as for Ethereum, I've certainly uh in the stuff I was buying in February, absolutely buying Ethereum. One of my biggest purchases that I'm making in there uh just fundamentally right. Of course, it's you know large market cap, high liquidity ETFs, but also you know massive developers activity. Like crypto runs on Ethereum whether you want to believe it or not.

[00:41:52]I my my opinion of it's not to be a jerk. It's not to be a um playing on the sports teams or playing politics, which happens a lot in crypto, right? Uh tribalism, right? People pick their favorite sports team and they hate the bad guys. People pick their favorite political party and then they hate the bad guys, right? That happens in crypto a lot, too. That happens a lot between XRP and between Ethereum, right? Um, and then fair enough because Bitcoin, they do nothing but clown on XRP. Ethereum clowns on XRP. Sena clowns on XP.

[00:42:26]Everybody clowns on XRP. So, XRP's kind of got his back against the wall to always have to fight people off, right?

[00:42:31]But I try not to play that game, but I hate it or love it. Uh, you look at the very clear data of who is using anything in crypto or where things are being built in crypto, it's all on Ethereum.

[00:42:44]Uh, right? There's very little built on XRP.

[00:42:48]Um it it's all built on Ethereum and that's not uh a shot. You guys know I own way more XRP than I do Ethereum. Um but you know it it is what it is. Uh but people don't usually watch my content when I make anything Ethereum related.

[00:43:04]So and uh to be fair uh the reason I don't talk a lot about individual altcoins like I saw somebody uh give a super chat or do a thing earlier and they said hey can you go over the hype token? No, I'm not. Right. Because there become because it there's a very clear example of me doing this for almost seven years and November will be my seventh year of doing consistent YouTube content.

[00:43:30]Um, you never get to hear about your winners in the altcoin market if you do well on it. You only get to hear about your losers. And Zcash is like the perfect example of it. and in that, you know, it was four years of getting clowned on uh for Zcash and then it pumps and and it just goes absolutely glorifying, right? The the most hyped run of this cycle and you know, and we saw the literal top 700 and but you never hear about it. It's not like you you get bombarded with glorification for something like that.

[00:44:07]you whenever you cover altcoins, the only thing as a content creator you're opening the door for is for negativity to come at you uh for years afterwards.

[00:44:17]The good the wins will never be discussed. You will only hear about the losers. And so if I start talking about Hype token or covering Hype token, then I'm going to get super chats every single week. Cover Hype Token, cover hype token, talk about Hype Token, pump my bag or you said it was going to do well, blah blah blah blah blah. Um, so there's just that's why we do a lot less altcoin coverage now than we used to.

[00:44:38]And it's the thing that people want the most is cover my altcoins. Uh, but you also punish content creators for doing that. So, there has to be some type of of balance that that comes with that.

[00:44:49]So, all right, we're going to hop into the chat.

[00:44:55]again it it is totally just el boringo market o uh until it it really dishes out its hand.

[00:45:05]All right, Ripple Reverend, I wanted to remind you how thankful we are for you.

[00:45:08]You play a role in our lives being the narrator of the crypto market with what we deal with on a day-to-day on day-to-day markets. You've been the secret to my success and Monday's video was I don't know what that was relieving. I'm glad you liked it, brother. Thank you very much, Ripple Re.

[00:45:22]You're here every single week, dude. I appreciate it. And of course, Chief Tame Blackbeard gifted 50 memberships as the stream started, man. Brother, eternally grateful, my man. Thank you, dude.

[00:45:35]Milman 702 says, "Do you look at business cycles like the ISM, PMI, TV, ticker, USBC, COI, as a macro indicator?

[00:45:44]It corresponds better than DXY with risk on cycles in my opinion." We've gone through I responded to him in the chat, but also I agree for the last couple months I've been pointing to DXY is incredibly difficult to use as anything.

[00:45:56]So it's hard to say that that's any that the DXY really provides you really much alpha at all. We've tried to kind of break that apart for the last 6 months to say it. It's hard to say there's really anything to lean from there.

[00:46:08]Uh because we showed what is going on here.

[00:46:25]Okay, Trading View is breaking.

[00:46:28]Uh, but no, like people like I watched I got to just watch the clown show of November through January of people pointing to ISM manufacturing and me just being like this is this is the last grasp of cognitive dissonance I've ever seen. In my all my newsletters and in my videos, I'm just talking about cognitive dissonance and like just absolute disconnect from reality. For me, it was really hard on determining which content creators are feeling cognitive dissonance or just blatantly lying to their audiences. Um because there is a difference. Cognitive dissonance is a psychological impact of markets that happens when your own belief system is getting questioned and accepting reality uh is way too dangerous. So your brain will completely more uh trick you um and not allow you to accept new information if it challenges your world beliefs. So cognitive dissonance is very real. Um and they won't accept the reality and ignore any information that conflicts what they believe.

[00:47:40]But and then I just watched all the la the grasping of copium on ISM manufacturing happening in here and no you know uh it's not shot at you man brother you hear all the time your questions are very valid and this is something that tens of thousands of people were paying attention to months ago. Uh it did them no service to do that ironically it did them no favor to look at that and pay attention to those things.

[00:48:08]Um I do believe there is macrocyclical behavior that happens that impacts crypto. But as for ISM in particular, no.

[00:48:22]All right. Hey BCB, love from Bournemouth, UK. I hope I pronounced that right. Thank you, man. Following you since November, December of 2019.

[00:48:32]Thank you for the continued reassurance and pick me up. I'm looking forward to many more. 37 months. Uh Abdul brother, thank you very much. Yeah, I mean remember for over three years at this point. Jeez. And uh yeah, it it's hard to believe we've been going at this for 6 and 1/2 years. And I feel, you know, I think 2022 through 2025 were very difficult. uh just in my position in here, I I don't think I've ever felt like in a better place being in content creation than I am right now.

[00:49:08]And I'm real comfortable in my skin. I'm real comfortable with where we are in the market. I was thinking about this today just as I was brushing my teeth and thinking, I'm really comfortable with the fact that there's only three pieces of content per week right now. I'm really com like um if you don't know like I think it's important for you to understand this as a consumer of content in the crypto market and that you know everybody has their own agendas. We've been talking about that with YouTube content creation and stuff too, right?

[00:49:40]We create this content, right? But this is our jobs too, right? Like we get paid to make content, right? Like people sign up for my newsletter. I make money from that, right? Uh you watch YouTube videos, right? There's ad revenue associated with that. Um I don't have affiliate links um or sponsorships on the channel, but a lot of people go with that model of having sponsorships and everything like that. All all that income, it dries up during a bare market, right? Nobody's going to click your affiliate links. Your sponsors aren't going to pay. Your sponsors aren't going to get your returns. And then what happens a lot in a lot of those times is you see the the the increase and the influx in content coming out that's like forced content to try to make up for that lost income. And I I feel like I'm in a position right now where I'm I just don't have to do that. Um, I'm comfortable with it just being three pieces of content and that I think that's the appropriate amount to be giving you guys right now in this type of environment and to not bombard you with a bunch of nonsense and frankly lies that are being told to you um to try to get more income or anything like that. I'm this last cycle was very good to me. I feel content wise I'm I'm on fire frankly.

[00:50:56]You may not think that when we're talking about it through the lens of of this type of stuff and and being indecisive of it, but I feel like I have a like a solid read on the market, right? That we are totally past capitulation. This is the the boring part. Yeah, it can be mixed. It's hard to like Right. We nailed the whole thing down. It's hard to tell how this is going to play until something really kind of happens in here. But the right thing is to just really kind of be kind of, you know, just flow with it. Be patient on it. let it show you its hand.

[00:51:26]Um, and that it'll recover. I'm real happy because I I see macro markets cooperating this time. That last cycle sucked. Uh, that was a hard part of getting through that last cycle was recognizing that and beating that drum constantly. That breadth was dead in macro markets. So, I'm more optimistic for the future that we have that like behind us and that it may be kind of nutty when when it goes wild in this market, which I think will come. Um, but I think I've got a good read. I think I think whether or not there's only 1 1300 people watching. I don't It's fine with me. Um, I think you guys are getting a very clear, honest read on the market from me and it's not and it's not baloney. I don't know. I don't know. I feel real good about being blockchain backer right now. like uh I I feel I'm given the right amount of content, the honest content, and we're in a good position, and I'm not forced into a corner to have to bombard you with content to try to make up for lost income or something like that. Blah blah blah. Um so, you know what I mean? I don't know. Just sharing what it's like to be on the other side of the screen. I know what it's like to be all these other content creators and uh you know your income just dries up you know and um and if you don't have a solid read on the market what that does to you psychologically and I'm not in that boat. I'm not man it feels damn good and I don't use profanity anymore very much. So, all right.

[00:53:01]I got through one. Super chat. I got through. Okay. I got through I got through two. Yo, BCB from Flying Sean says, "Newsletter question. ADA's development activity is completely dumped. Is it just a consequence of crypto development down across the board? Is a concerning signal for it's so we talked about development activity in the last newsletter. Um, let me pull this up." Right.

[00:53:23]Do I want to open this whole can of worms because then you're going to get a million questions on it. Look, this is the development for the entire crypto entire crypto market.

[00:53:35]Look at that.

[00:53:40]You're at 2016 levels, right? So, typically have a bull market and then you find a floor in 2019, 2020.

[00:53:49]Bull market, find a floor in 2022 and 23, 20 bull market, boom.

[00:53:56]What's happening?

[00:53:58]What's happening? Right? So, I write about that. I don't want to go into all the details of that because you have to speculate on that. Right? The short answer, one, neither crypto is completely dying or two, which is what we talk about in the report or uh in the newsletter, developers tend to follow price action.

[00:54:17]Uh developers never lead and it this last cycle there was no money for developers to make. uh the market never expanded. So we never actually saw uh developers actually expand. And so you enter into a new bare market without new all-time highs, right? Without you because Bitcoin is only one piece of the puzzle. But when we don't expand here uh to to bring in a bunch of new capital and a bunch of new interested people, what do we do? We dump down. So this has been a very fascinating thing.

[00:54:53]So no, it's definitely not Cardano specific and that's what we showed in the newsletter. It's it's the whole market. You have very few I what was it?

[00:55:01]I think it was of of crypto networks that have at least 50 full-time developers.

[00:55:17]72% of them are in a decline.

[00:55:23]with flying Sean. Thank you, brother. Uh Abdul I Oh, I had skipped people. I had skipped flying Sean to go to Abdul. All right. Thanks, guys. Uh EK tours member for 18 months. Thank you very much, brother. Robert Barker for 36. Hey, three years, man. Hey, BCB, do you think hype will correct from this level?

[00:55:42]Thanks for everything you do. You know, it's just poking above the high. I think it'll eventually correct. Uh, and like I showed in the last video, it's probably going to go back and hit that um retracement level that I highlighted.

[00:55:56]Um, but it could push a little higher first before it does it. Uh, Sky by Sky High by gifted 10 memberships. Thank you so much.

[00:56:05]I think it's always amazed when y'all gift those things. Thank you.

[00:56:10]One says, "Thank you, BCB. If we do liquidate, what prices would you be looking for on XRP?" I I get asked that all the time. You don't know what's going to happen with liquidation and where that floor level is. You don't know where the hidden order book is of where prices just aren't going to be allowed to go below. A liquidation is a unique thing and it varies by exchanges and we've covered that multiple times too that uh you know this liquidation that happens right here on Bitstamp. Uh it hits a $159.

[00:56:39]That's not the same as what happened over here on Coinbase at $1.78 and not the same of what happened at Kraken at $139 and it's not the same of what happened with Binance at 77.

[00:57:05]So, it's hard to know what price it would land in at what exchange.

[00:57:14]Now, that was a whole dollar difference between some of those 77 cents over on Binance and $1.77 on Coinbase or whatever. So, it I don't know on a liquidation. Uh Travis 589 member for 23 months says if we don't see a liquidation will you apen when brethren opens XRP you may send it won't be XRP you can send day just because breth opens right remember breadth simply marks that the historical meaning is the true bottom is in for Bitcoin at 60k doesn't mean we can't go hit 85k and then correct back down to 70 the only interpretation of breadth opening at that level implies that the true bottom is in. Uh so people who are hunting for 53, if if the breath opens, then it means it wouldn't be appropriate to be hunting for 53K, right? With the low being at 60, it just wouldn't be appropriate to be hunting for 53. It wouldn't be appropriate to hunt for 40 because that doesn't that never happens unless the true bottom is in. We can still correct, right? XRP it is send or XRP you may send has been based on what conditions, right? you know it and you hate it.

[00:58:28]It's when Bitcoin sets a new alltime high every single time, right? It would have to be something unique and different for it to happen this time around.

[00:58:39]So, but no, I won't apen like I I have kind of reiterated my thoughts on it that Okay, here we go.

[00:59:04]If the market goes up, I'm just totally content on my 50% entry here, man. I'm all good with it. Um, and then I'm just going to have to wait for something very clear to happen and then just buy a liquidation here. I know people want to think no liquidations will ever happen because we just kind of get caught into that mindset, but they always do, man.

[00:59:23]Investor confidence gets too high.

[00:59:26]People leverage long. People get stupid.

[00:59:29]margin, excitement, risk- takingaking always happens and then they all get liquidated. Uh so it would just be maybe just be buying from a higher level which I'm content with, right? Because if I got in here and I get in here, then my average is right there, which would mean my average exit was there. My average entry was here. I got the meat of the move and that's all that matters.

[00:59:56]I'm just not in a rush, man.

[01:00:00]I'm also not I'm I'm I'm so per like another thing I'm like I'm I'm feeling on fire.

[01:00:07]I'm very comfortable with how I'm positioned in the market too. I'm very comfortable uh with the exposure I have in here. I think it's the right amount.

[01:00:15]I think I've entered the perfect amount in here by putting 50% back in.

[01:00:20]Um because I'm at a point in time where if this market did that, I would be fine. I would be just fine. And I'm in a position in the market where if it does that, I'm also fine because I have capital ready for it. Because if this happens and I have some cash on the sideline, you know what I'm going to do? I'm just going to have cash, you know? It's not it's not the end of the world, you know?

[01:00:50]It's totally fine.

[01:00:56]Like, oh no, I have cash. It'd be all right.

[01:01:03]Ryan Z67 says, "Last video you said a quick drop than recovery. Ubisoft did that." Exactly. Thought it was going to make a new low. Is this the type of moon you move you mean? I don't know. I don't follow Ubisoft. I'm not sure what time frame you're talking about.

[01:01:21]I'll see if I can spot it really fast.

[01:01:25]Oh, you mean like that? I don't know.

[01:01:27]That would be amazing. Uh, no. I don't imagine it like that. Because if it did that, I'd be turning on my 2% daily auto buys and then I'd be like, "Oh, wait. Now I've turned them back off." Cuz the idea would be to kind of get it like that and and it for it to scoop kind of like that. So, no, it wouldn't be like that.

[01:01:56]>> Uh, thank you, Ryan. Uh, Lenny, hey, BCB, if the next cycle is a big one, wouldn't we need a crisis before looser monetary policy for us to get those conditions? Well, so you're looking for uh the 2023 or excuse me, the 2013, 2017, 2021 playbook, right? you're looking for that exact same setup to happen in there. I just don't think that's what this is. I think I am very confident the next cycle will leave everybody wrecked at the end like this one did because it will be different again. Um in that 2013, 2017, 2021 were all very the exact same thing that they were all expansionary cycles where macro macro markets all expanded together. uh 2022 through 2026 was very difficult because there was a breadth collapse throughout all markets where everything consolidated into majors, right? consolidated into the major indexes and then the next cycle uh people will be looking for it to be like okay well the last cycle was just a fluke right we're just going to go back to being what we usually are which was the same mistake people made at the top of this last cycle was that people skipped over what happened in 2021 they completely ignored it and everybody focused on Q4 of 2017 and I was making the argument like hey guys what about Q4 of 2021 and everybody ignored it and said no Q4 of 2017 and so I think what will happen is you know you're talking about when we need a criser a crisis with looser monetary policy for us to get those conditions uh that would be for a broad-based expansion throughout all markets. I don't think we're going to have a broad-based expansion throughout all markets. I think what we witnessed was a collapse in breadth as a bubble has been printed in markets and then what happens is we see a capital rotation that happens is that the money just moves out of all of those big stuff and shifts into the mid and small stuff for a brief rotation that can last a few months.

[01:04:07]Explosive moves happening in markets.

[01:04:09]Extreme excitement, extreme euphoria.

[01:04:11]People think it's an expansion and that it's all good stuff, but it's just a brief moment in time and then it all turns over. And so it's not like your 2013, 2017, 2021 playbook. It's not going to be your 2025 playbook. It's a totally different one. Uh but it's one that we've seen still many times. It's just you don't see them very often. And that's ending cycle breadth collapses followed by capital rotation and breath opening for a brief moment of a blowoff.

[01:04:38]And so no, I don't think we need I do not think we need uh the Fed's cooperation. I do not think we need monetary conditions. Um I think the capital will simply rotate on its own.

[01:04:54]Bassm says, "Hey BCB, can you explain how circle is correlated to altcoin or crypto in general? Question to assess position in circle when crypto market change.

[01:05:06]Can you explain how circle is correlated to altcoin or crypto in general?" Right.

[01:05:10]So circle is the issuer of USDC.

[01:05:14]So, it's simply making a bet on do you like I I've said many times before I'm very bullish on stable coins, right? I think stable coins are like when you're talking about AI using crypto, they're not going to be using XRP. They're not going to be using Bitcoin. They're not going to be using Ethereum, right?

[01:05:30]They're going to be using stable coins on these networks, right? Um, so you can bet on networks, right? And right speculate whether or not the usage of those actual things will increase the network value. um which I bet on, you know, I invest on that. Um but at the same time, uh Circle's number one US issuer of a stable coin. So I can't just you can't just go buy a $1 stable coin and speculate that the $1 stable coin is going to be worth $2, right? It doesn't work like that. It's always going to be a dollar. Uh so my bet is you know my investment is that circle will do well right in this environment of stable coins.

[01:06:16]I think stable coins are going to be huge and I I don't even need to think it. I mean it's obvious uh slick rice remember for 62 months.

[01:06:34]Amazing block came.

[01:06:39]I just want to say thank you for all these years.

[01:06:44]You're still Come on, man. You're trying to get me after 62 months. You're still You're still producing the most honest and committed content in the entire space. Thank you. I think maybe it's a communication thing there. Uh still producing the most honest and committed content in the entire space. Thank you.

[01:06:58]Hey, Slick Rice. Thank you, brother Juan. Estraana, my man.

[01:07:08]Good morning, BCB. Just asking for a friend when noon is ADA dead or is it the new XRP? Thank you, brother.

[01:07:15]R would Oliver. All right. At what point do you expect alt season your theory ends plays? Oh, is that a when moon?

[01:07:23]I think it was.

[01:07:28]I'm not sure how to answer your question unless you know first of all there has to be multiple things that happen first in regards to how Bitcoin is going to escape in here right we we have a we have still have stuff to transition and your alt season uh we can cheer for anything earlier okay but if you're going to go on historical data only okay and I'm not sitting here to tell you this is when it's going to happen I'm not telling you that I'm telling you here's where it's always happened it has always taken that we could share for earlier, right? And it doesn't mean that uh you can't return back to these levels earlier. Um but as for like true explosive excitement alt season type stuff, it typically takes Bitcoin breaking into a new all-time high. Uh but you know, even these moves like this, this is what most new people miss, right? They only want to buy when the all-time high is actually broken. Uh but that's usually when the blowoff is happening. That's when the expansion is happening, the insane is happening, and then that's when people should technically be selling their bags. Is when everybody's pouring back in because everybody is in agreement that alt season has happened. But what happens is they usually want to chase alt season after it gets through the high. But like, let's pretend XRP is going to $8.50, right? When do you definitively claim alt season is happening? Well, once it breaks through the all-time high. Well, what's the difference between here and uh $830, whatever? It's only 132%. Well, it was 132% just to get back to the retracement levels, right? Then, you know, it was 200% to get to the high, right? And then it was 591% to get to here. But when alt season technically once you get through the high, but then there's typically not very much left after that. Man, look at that line how that was drawn.

[01:09:17]Maybe like I've done this before. All right, Joey says, "What prices or ratio would you swap silver for gold? What price range will you resume buying more XRP?

[01:09:28]Appreciate you, BCB. Blessings to you and yours." I think I'm kind of being clear like if this happens, I turn on my accumulations for everything. Uh down in here, if Bitcoin liquidates, if we see a liquidation in the market, I just I immediately will just turn on my accumulations in the market.

[01:09:48]LG says, "Why invest in alts when stables exist?" Yeah.

[01:09:59]I don't know if so with when it comes to he's asking about the gold to silver ratio, right?

[01:10:17]I don't know if you're going to get much lower than where you are, right? If you don't know, this box has been here for years, right? And so, we've already dipped into it. If there becomes a secondary dip down in there, I don't just on a historical basis, right? Unless you're expecting a complete collapse of gold versus silver and silver is the new monetary system or something like that. I don't know.

[01:10:48]You I mean like during C19 clearly silver was the buy versus gold.

[01:10:54]Gold was kind of silly, right? Then in the retrace still silver was the better than the than gold. However, gold was better down here. But now, you know, from a historical basis of at least the last 40 years, 30 30 40 years is pretty good. Will you even get down into the 40s again? If you get down into the 40s again, uh you're taking a crapshoot at that point.

[01:11:23]Right now, I'm still more exposed to silver than I am to gold because I just I haven't touched it. I've just kind of left it all alone. I haven't messed with it because I don't think the top of silver is in on a long-term uh basis, right? I've held I've held a lot of my silver for eight year. I haven't sold any silver at all or at all. Uh so if you want to swap, I mean, you're already pretty low. Um if you have no gold, I don't know. That's crazy to me.

[01:11:56]I definitely have gold. then but I I don't know if it's going to go lower than that. It like literally hit the exact target that was expected. It's just whether it'll do a secondary test of it. If it does a secondary test of it, it's probably a blessing if you haven't done any if you don't have any exposure to gold.

[01:12:20]But let me go back to why invest in ultimate stables exist. Well, it just depends. If if your entire theory of crypto is stable coin payment transfers, then yeah, probably only invest in stable coin issuers.

[01:12:37]Grippy Sachs, hey BCB, I've watched since 2020. I love your content and community. I no longer hold XRP, but you are my main macro dude. Please make a Discord. All right, so here's First of all, thank you very much. Uh the reason I don't make a discord is um I don't want to set a false expectation that I will be in there every day.

[01:12:57]I have a lot on my plate as it is. Um the thing that a discord would require hours of time per day and I don't want to make that commitment. Um when I don't think I could live up to it. I what I love to do is underpromise overd deliver. What I don't like to do is overd deliver or overpromise underd deliver. And so I don't feel that I could um just time commitment wise uh to a discord.

[01:13:35]Intrepid for crypto says, "Thank you uh for the sincerity and independence."

[01:13:41]Well, thank you. And you got a lot of likes on that. Thank you. Skeleton number for 30 months. Hey, BCBD. Hope all is well. Thank you for the kind comment, brother.

[01:13:51]One 01 CGB uh DB. Uh I I understand liquidation price is hard to know, but what about maybe just enough rough floor price? Do you think we can get below a dollar? I would think on a liquidation it is certainly possible to go below a dollar, but you kind of understand. I have no idea what would h what price it would hit during a liquidation. I don't know.

[01:14:18]like I don't think it'll go to 30 cents or something, right? But we're asking do I think it'll hit 75 cents? Do I think it'll hit 98 cents? I think it'll be a$111 on a liquidation, you know, where order book clear outs happen. I don't know because I don't know the size of the liquidation. I don't know the level of leverage built into that. And what you just what the order book on the exchange is.

[01:14:42]Uh, Tiny Lens says, "Uh, any Litecoin opium?" No. And how do you think banks will get involved with crypto? Thanks for your continued solid coverage of the crypto market. Right. So, we're venturing out of my wheelhouse or where I like to be. I I really like to focus on charts and tying together macro pictures and uh correlations, indicators, market behaviors when things occur. Uh, a lot of times people do ask me things like this, like what do, you know, how do you think banks are going to get involved with crypto? It's out of my wheelhouse to go down those types of speculative things. I don't know. I really don't know and I'm not going to fake it like most of the content is.

[01:15:19]That's just bologoney. They're just lying straight through their teeth to you. Um but you know, I know a lot of people hang their hats on a lot of those different types of theories. Oh, it'll happen once the banks are doing this, this, this, and this, and this. When I went to XRP Las Vegas, the number one thing I was told is we're going to moon once the Clarity Act passes.

[01:15:42]I mean, it was like I just got told that so many times. People would ask me, "Hey, when moon, right?" And then I'd like start answering and before I would even answer the it would be interrupted with it'll happen when the Clarity Act passes. And it's how many people are brainwashed to believe that's what's going to happen. The my bet would be what whatever happens to price leading up to it, but the day the Clarity Act passes, the price will crash, right?

[01:16:09]Like come on. Uh when SEC dropped their appeals versus Ripple, price crashed from there, right? That was our local top and we've been down only ever since.

[01:16:19]When Trump became inaugurated and became actual president, our bare market started that day. That wasn't the start of the new revolution of crypto. It was the end the day he became president. So people look towards these events and think that they're going to be the catalyst that they need to to move markets when they typically are the destruction of markets when these positive things happen that they're looking forward to. Um so it's hard for me to like look at any of these things and try to draw conclusions on what's going to happen on charts based on any of those things happening. Um so I try to stay in my in my lane on here and not speculate outside of that.

[01:17:00]And no, I I don't have any Litecoin Hopium. I'm sorry. Uh RT badly potential macro timing. The DXY finish and expanding triangle starting finishing wave five down. The GPY is a crashing structure up for wave six. Your thoughts either now or in the next live stream.

[01:17:19]We've brought the DXY up every time. I don't know if the timing of it going to when I tried to pull the DXY up last time, it wouldn't load it. There we go.

[01:17:29]the correlation to try and so when we try to go to this daily time frame it's just not loading absolutely nothing happened in the crypto market during the last fall of the DXY right and so this has been the challenge on crypto is to try to find the correlation to say we're going to go to the moon based on what the DXY is doing when we can fall right along with the DXY Right? Once it finally bottomed right here, B, we start moving. But it takes this whole fall down to this low to happen before crypto can finally end up happening. But during our entire fall, nothing matters. So, you know, could the DXY just go like this?

[01:18:18]And absolutely nothing happens in crypto during the whole fall. And everybody's like, why is nothing happening? Why is nothing happening? and it finally gets down to a low and then finally crypto starts moving maybe. But you know, we've kind of compared this thing so much um that it's hard to say that following this and trying to find macro timing and events occurring at the exact same time like there's going to be that relationship. I just don't see it.

[01:18:56]How did you go from accountant to cool crypto? Well, I was never accountant.

[01:19:07]So, I don't know. And I don't know if I'm cool, man. I don't think I'm cool.

[01:19:18]I somehow like just being a math nerd paid off.

[01:19:26]Gerpy sock 69. Can you make an X community? I I don't What would be the point though? I don't know.

[01:19:35]Mac rhymes. Yes, you are. Thank you.

[01:19:38]I don't know. I think I'm pretty chill.

[01:19:42]I don't know if I'm like cool and hip or anything like that though, right? I don't know. I'm just like dad, you know, if I like there's so many different hats that I wear, right? Trust me, the kids do not care about blockchain backer at all. They're just just dad.

[01:20:11]So, all right guys, that's it. So, you know, we're just going through the going through the grind. Going through the grind. Seeing if we're going to end up getting a move. I I shifted this. Oh, jeez. I've just How many times I do that during this live stream, right? Waiting to see. Waiting to see.

[01:20:29]More information.

[01:20:32]Can we get a liquidation? Are we going to go through the classic secondary test of phase B long- winded summer? I think your your reason of hope to hope for a faster recovery is of course macro markets, but we'll just give it a little bit of time and see.

[01:20:47]Oh, frog. Geez.

[01:20:51]Happy. All right, here we go. We got to turn it up, right? This is what happens after we live stream for how long? An hour and 20 minutes. I get tired.

[01:21:00]All right, here we go.

[01:21:02]Shaking the the shake. Got the pre-workout in there.

[01:21:11]Go to the gym, bro. All right, that's it. Happy Wednesday, everybody.

[01:21:26]It is Wednesday, my Wednesday.

[01:21:41]All right. All right. So, let's wrap this up. Let's wrap this thing up and I'll give you a little final comment before we head out. It This is a typical boring time of the market, guys, where the market's got to kind of give some information, right? We keep focusing on the bigger time frame stuff, capitulations, all that stuff, right?

[01:21:55]Accumulation schematics, all that stuff.

[01:21:57]And then things just tend to get kind of drawn out. Bottoms build different structures. We've got different levels we're working for. We know the breadth opens above 82,000. Trying to create ideas to say, hey, if there's a liquidation, that's what a typical range does. It's a lot of, you know, this is just what ranges do at bottoms. We've shown those examples. XRP, you saw it, right? You just grind sideways for months on end. It hasn't deviated from any of that. It's all normal stuff. This is all a temporary moment in time after you've gone through a year and a half long bare market to get here. You're now three and a half months into it. They can feel like they draw out for a little while, but they eventually turn their way around and we look on it as a thing of the past, right? Just like we looked at 2022 and 2023 is a thing of the past.

[01:22:36]This will all be a moment of the past due temporary. We got through it. We move on with life. Um, we got things that we're watching for to give a clue to say if they can move a little bit faster. macros cooperating to say it could happen a little bit faster, but we do still have to just have a little bit of patience as we wait on it. And I'm there checking on it every day to see if something emerges to say it. Obviously, two weeks ago, we got a lot of interesting stuff when we got back there to 82K with the breath saying, "Hey, this is where our resistance is." You crack through here, things are going to get exciting, but at the same time, it told us our resistance is there. And now we're pulling back from it and kind of chilling out and waiting to see how it's going to play out. So, we'll watch it.

[01:23:12]We'll look for things to to happen bigger time frame development wise cycllically. This is accumulation. We're post we're post capitulation. This is all normal stuff. Uh we all just want it to happen a little bit faster, but sometimes we cross the desert and we'll see how it goes and we'll check in on it every day. So, all right, check out the newsletter blockchain backer.substack.com.

[01:23:33]There'll be a new one posted over there this weekend. I include audio recordings with all of them. The most recent one's 36 minutes. There's a link down here in the description of this live stream.

[01:23:42]There's a link in the description to all my videos or you can just go directly to blockchainbacker.substack.com.

[01:23:47]Otherwise, have yourselves an absolutely wonderful day. I want to thank you all so much for watching. If you could please like this live stream and give it a thumbs up. If you're new to the channel, please subscribe and hit the notification bell so you can be notified of when I create new content and when I go live. As always, this is not investment advice and I am not a financial adviser, but if you ever need a pickme up or a little bit of reassurance, just remember that the blockchain backers got your back.

[01:24:18]Thank you, Oscar Hernandez, for the five gifted memberships.

[01:24:23]HAVE A GOOD ONE. And I know you did that on purpose.