THIS IS WHY I'M $16M SHORT ON BITCOIN

Added: 2026-05-15

[00:00:00]The UK government just banned crypto donations to politicians and currently I am $6 million short on the price of Bitcoin. Scooting around my house on my fancy suitcase thing. I don't know what it's called an air wheel. It's quite exciting. And now I'm on my way to the office to show you why I'm $6 million short on the price of Bitcoin. And we're back in the office where I've got a $6 million Bitcoin short position open. a $6 million Ethereum position and a $2.6 million short position on the price of Salana. You might think, Jordan, have you lost your mind? Why are you betting so hard in no man's land? And you would be right to question the sanity. But I'm not so concerned because I have set myself parameters. And I post all of my updates to my free to join Telegram group that you'll find a link for in the video description in case I've made a change to the trade after posting this video. In just one week, we've managed to now get to 467 members. So, it's a pleasure to have you all in there. But anyway, what why am I so heavily short and how much profit do we have? Well, keep watching to find out. Some of you will be looking at the recent news that the Clarity Act has cleared US Senate and is going to get passed. And you'll be wondering what why Jordan, why are you shorting now? Surely you could pick a different time to short. This is some of the most bullish news that we've had in crypto in years. But today, something huge is happening. The Fed is getting a new Fed chair. And you may have seen that chart that shows what happens after every new Fed chair being that the price of Bitcoin drops by 75% or whatever. But again, for me, that is not the current theory. And I'm going to explain the entire theory in this video. So, make sure you press that like button, turn on those channel notifications, and let's dive straight into it. There is a new crypto friendly Fed chair coming in called Kevin Walsh. And in theory, that's expected to be good for the crypto market. Meanwhile, over in the UK, Kia Starmer is going to have a leadership election race against Andy Bernham. And for me, I I think this is fascinating. I keep debating, do we start a TMG politics channel? Let me know in the comments. I've genuinely have debated this with my editor. He's like, "Politics could be difficult, but I have some very radical policy ideas and I think it might be fun to share them." But anyway, when we get down to the meat and gravy of the market right now, oil prices have jumped after Trump said that China agreed to buy US crude oil. China's also going to buy 200 Boeing jets like we care.

[00:02:20]And apparently China's going to work behind the scenes, not like they haven't been trying already to reopen the straight of Hormuz. And all of that combined that caused the market to rally back to the upside the other day. And that rally back to the upside gave me an opportunity to increase the size of my short position by about $8.26 million when the price came back up to this level of resistance up here. Now, since that time, my trades are sick. Keep watching to see the profit. They got better since the video that I posted on the second channel earlier today. It's getting extreme now. Like what do you think it's going to be? There's $14.6 million of trades open. It's crazy. And even though that's only a 1% move from my entry, you all know what that means.

[00:02:59]In my mind, there's one thing that we can be certain of right now. The whole Middle East conflict is not going to end anytime soon. Mainly because it's been going on already for about 150 years.

[00:03:08]And that just seems like an unrealistic expectation. Certainly, there is not many signs of peace. And as the world increasingly heads towards AI to solve its problems, AI keeps creating more problems with AI figuring out now how to hack Apple. So my main problem with the market as it stands is that AI creates as many problems as it solves. And the Iran stuff doesn't look like it's going to end and Bitcoin's price is still looking very very high. Now naturally there's going to be some element of bias in all of this because I am of course short $14.5 million. But I am short for a good reason. And we will cover the trades and my current open profit cuz it is crazy in just a second. But I want to go through some of the crypto news first because a lot of people are reading this and thinking it's bullish. The first one being that the Clarity Act is cleared in the US Senate Committee and it's on its way to a final test in Congress and it will probably get approved. Meanwhile, over on in the UK, Nigel Farage bought a $1.8 million house after received a $6.7 million crypto gift. This made the lawmakers in the UK change policy completely banning crypto gifts. So, I'm making a whole video about this at the moment because the UK is further regressing into pro- banking, pro government currency policy that basically is going to ruin the crypto industry with the current government in charge. And it really doesn't help things when it turns out that Nigel is now facing the UK standards providion gift because Nigel went out and bought a $1.6 million house with the gift that he got given. But still, the problem here is not the currency that got paid. The problem here is people taking bribes for political policy. And that's what my video is about. My video is about the tobacco industry. It's about the gambling industry and how much political donations they've been making in the UK.

[00:04:43]And I assure you, it's significantly a larger amount of money than this. But this gets all of the headlines just because it's reform. And as you probably know, I'm not the world's biggest fan of them. But I I was kind of asking myself this question the other day. Would I vote for them? I can't vote. I'm not in the UK. I am from the UK. I grew up in the system for many years, but I currently now live in Thailand, so I can't vote. But would I vote for Nigel?

[00:05:02]He is the only pro- crypto politician.

[00:05:05]And he's also a for supporter of fish and chipcoin. So I think I would have to vote for Nigel. And when I talk about global double standards, this is what I mean. Excelsius executive is sentenced to time served after a guilty plea that in America right now you can just buy freedom. I don't know if you saw it the other day, but Joe Law has offered the equivalent of hundreds of millions of dollars for his release. This is Joe Lo and he stole over $4.5 billion off the Malaysian government by making friends with the son of the country owner or whatever it is and then getting him to set up an investment fund and he did a terrible terrible crime. Stole so much money off the country that could have been used to support people. But even he's buying his way out of prison. He's asking for a presidential pardon right now and he'll probably get it much as the Celsius guys are getting off with everything. But I don't think this is bullish news. I think it's actually quite bearish and crypto losses from North Korean hackers in 2025 rose by 51% yearonear. I mean, congrats North Korea for cracking the system, but you owe me about $2 million. Now, of course, there's many reasons to not be like super bullish on Bitcoin right now. One of them would be that Jane Street has slashed its Bitcoin ETF holdings and added Ethereum instead of Bitcoin in Q1 of 2025. Jane Street is an organization that doesn't typically lose money. They make an awful lot of money. And even if they're acquiring Ethereum, the odds are that Jaden Street's acquiring Ethereum to dump it all in one go and place a massive short position. So, I just don't fully buy into the stability in the market right now. And like this is going to come down at some point in my opinion and at least hit $77,000. It would make complete sense. This of course here is the wickoff accumulation pattern. And if we to zoom out on this chart, I'm able to show you the entire wickoff accumulation pattern looks like this.

[00:06:38]This is how it would play out in Bitcoin in theory. Now, the levels here, they're not guaranteed. They could be at different points. I've plotted them the best I can based off of historical support and resistance levels. My chart has us bottoming out in the bare market around $20,000. The current price of Bitcoin is $80,000. So, if that's the case, it actually falls in line with the theory that a new Fed chair that is coming in today is going to cause a 75% crash in the market before inevitably we then start rallying into the Bitcoin Harvey. Let's just check in here on the latest and greatest in Bitcoin data where you can see that in the past 24 hours, 1.66,000 Bitcoin were acquired by ETFs. So, Jordan, why are you bearish? That was a good day. Well, can you see this other good day here and these other good days here? And yet throughout all of this, the price of Bitcoin went down. And also, to be fair, that's a lot of Bitcoin to be selling off from ETFs in one day. And as I've mentioned several times on the second channel, we keep a very close eye right now on funding rates, cuz funding rates is giving us a lot of information as to where the market's heading. And what we can see from the recent Bitcoin open interest weighted funding rate is people were heavily shorting the run back up. And those people are either in trapped short positions right now or continually averaged up the average price. So, they're still in their short positions right now. And that's more so what I think is happening. Now, one of my biggest concerns right now when it comes to Bitcoin is this. This is Bitcoin's spot volumes. The orange on the screen here is Bitcoin spot volume. And Bitcoin spot volume is doing terribly. There is a consistent decline in Bitcoin spot volumes. And look at spot volumes compared to futures volumes. This is scary in that only 7% of Bitcoin volume is coming from spot trading pairs. And 95.9 92.95% of the overall volume, 1.78 trillion dollars of volume in the past 30 days has come from derivatives. And the problem is because it's so significantly higher, it means that Bitcoin is so open to manipulation. It's so open to being pushed down and then making so much money on the derivative side of the market that basically when Bitcoin's price is low and this liquid, it basically means it's almost guaranteed to come down. And I say almost because it is almost guaranteed but not completely guaranteed because we do have a lot of liquidity sat right now above the current price of Bitcoin that if we start eating into it, you can see that when we hit liquidity, we just start eating away at it. And at some point in time, it's likely that we take out this range up here. We have to be open to the upside as well. And in just a moment, we're going to look at my current open trades. And I'll show you why I'm positioned so heavily to the downside. Oh, and by the way, drop a like on this video. This is Bitcoin open interest statistics. What we can see here is open interest this afternoon has actually been rising during the same period of time that the price has also been rising. One of the things I have noticed about Bitcoin open interest is it's nowhere near as useful as the Ethereum open interest chart. Ethereum open interest is giving us such amazing trades recently. And I'll just give you the example here of look when Bitcoin open interest is dropping the price of Bitcoin is also dropping. When Bitcoin open interest is rising the price of Bitcoin is also rising. That is not particularly useful information for us.

[00:09:27]In contrast, Ethereum is super useful information because when the price of Ethereum is going down, the open interest is rising and that's telling us that more people are opening short positions. Then when the price is going up here and the open interest is dropping, which it is doing there, it tells us either somebody's taking profit on a short position or taking a loss on a short position or most likely it's people opening long positions and then getting trapped again by another liquidity trap that happens here.

[00:09:52]Because although if I just get rid of all of this, although this is going up here, that going upwards part starts about there. So open interest again rises when the price is falling indicating somebody's opening short positions. And again here the other day, what happened? When the price started going up, somebody started closing a trade. opposites again, further indicating somebody opening long positions and then getting pushed into it by somebody looking for serious short side liquidity. Now, I could be completely wrong, but I don't think I am. And that is why I'm $14 million short and currently sat in $139,000 of profit. Every 1% this account moves, I make or lose $140,000.

[00:10:38]So, by the end of this weekend, if we manage to catch a 5% move, I'm going to be up pretty huge. and we're going to be doing a lovely giveaway. So, make sure you subscribe to the channel. But right now, $34,000 profit on the Bitcoin trade, $67,000 profit on the Ethereum trade, $37,000 profit on the Salana trade. And I also opened a small Intel long position the other day to prove to myself that AI wasn't going to go up and I wanted these trades to go well. So, I was like, I need to counter myself a little bit. Now, I'm doing all of this with a $2 million account, and I'm doing it all on Yubit. And you should check out the link for Yubit in today's video description. And when you do a lot of trading on Yubit, like I do, you also unlock a bunch of extra rewards, bonuses, and every single person that signs up on that link and deposits $100 a gets a free $1,500 trade. If you deposit 10K, you get a free 20K trade.

[00:11:29]But you also get VIP 2, which gives you discount fees from the start that will make this cheaper than any other exchange that you use. that gives you options like this that I'm doing here.

[00:11:38]And you get free coupons and each time the coupons get better and better and better, then boom, $450 coupon for literally just trading on the exchange.

[00:11:48]It's crazy. It's a really good platform.

[00:11:50]Check it out. Use the link in the video description and claim your bonuses. But right now, yeah, I'm super bearish on Bitcoin. I'm super bearish on Ethereum.

[00:11:56]And I'm super bearish on Salana.

[00:11:58]However, there is a caveat. We need to work out now the levels of which we will break down and the levels of which we will break out for these trades. So, first things first, Bitcoin dominance here is looking quite fruity and pumpy back to the upside. However, I'm still not 100% confident in Bitcoin dominance and I more so might expect it to come back down and I kind of expect altcoins to maybe slightly outperform Bitcoin in the nearshort term. Now, I don't have a lot of confidence in Bitcoin right now.

[00:12:25]For me, this is a retest and rejection of the previous trading range and inevitably will land lower. When we look at the longerterm level of support here on the price of Bitcoin, you can see we're about to come back down and retest it. Yesterday we broke below it, which is one of the reasons I was quite kind of optimistic about my trades yesterday.

[00:12:39]But again, today is Friday. This is making a cup and handle formation. I can show you that cup and handle because I've got the drawing right here. It's a cup and it's got a handle on it. Can you see it? I'm going to draw it on the screen for you. There you go. You've got a bunch of people that'll draw you nice fancy pictures and then you've got me that'll make you a scribble because you don't need it. You all understand what this means. We don't need to blow our own penises and tell ourselves that we're amazing at drawing pretty pictures on Trading View. Now, there's a couple levels to watch. First one being there about $82,000. A break of about $82,000.

[00:13:07]Can you see that big gap in liquidity there? Breaking $82,000 is going to take us back up to that level all the way up here about $87,000. Be a nice straight line to the upside. I would not expect anything less. The thing that I'm looking for here in this range is a drop back down to that level there. That level is a pretty decent level of support if you can see it. And that level of support right there is coinciding with a retest around here, which is about $78,000. And for me, that would be a $2,000 drop to the downside on a trade as leveraged as mine. That's about a half a million dollar profit.

[00:13:36]So, that should be quite nice. And I'll probably take it at that point in time.

[00:13:39]Although, I am seriously considering if if it got to that point in time, would I hold it all the way through? I mean, you tell me. Like, genuinely, if that lost support there, this could get super interesting and we might make an absolute ton of money. It might be the best trade that I've ever placed. Now, the best trade I ever placed was a trade that I made $6 million on. So something terrible would have to happen in order for me to make that much money on this trade. But also the best play trade I ever placed was a long position and it was a super long-term thing and it took forever. This it could do like a million dollars in a couple of days. This is one of the larger positions that I've placed. But it's not as big as the bull market stuff that we used to do. We used to do 20 30 $40 million trades in the bull market. But if you do want to trade big and you got big liquidity, Yubit will take it and Yubit is a great exchange platform. Look how much liquidity there is here. It's huge. Now, when we also go over and we start looking at Ethereum, Ethereum has bare flag breakdown, bare flag break down, then land somewhere down here around $0, maybe. No, it's not going to do that.

[00:14:34]Seriously. But at the same time, peak level of liquidity on this particular chart here, which is a Coinbase chart, is $2,70. The current price is $2,250.

[00:14:42]We should probably expect a decline in price. The only thing that falls down in my theory is if Trump opens his fat mouth and says something, China, China, China, China, China, China, China, China, China, China, China. Other than that, like technically we're bearish right now. You can't look at this getting sold off every day and tell me that this is just going to magically turn around. Look, when it normally sells off, it just sells off for incredibly long periods of time. When it's in selloff mode, it just goes, goes, goes, just continually gets sold off. And this is Ethereum versus Bitcoin. So, if Ethereum is getting sold off against Bitcoin still, it's also going to get sold off against dollars.

[00:15:12]And the most disappointing thing about all of this has been Salana didn't even manage to sustain its pump. It just like stopped immediately. Started to break out of the range. You can kind of see it there if I just extend that all the way along. That's the range. You can see it just there. And we we just didn't gap out of the range. We just got stuck in the range here. No man's land we never managed to get into. And we're just heading back down towards this liquidity level down here. Another reason that I'm short on Salana. Now, with regards to Salana, currently what we're doing is we're coming down and retesting a previous level of support. And if we were to lose that level of support at $90.46, the price would head back down to the peak range of liquidity around $84. And it' probably be a staggered move. it'd be something like this. It would probably take a bit of a while. I don't really expect that to happen overnight.

[00:15:52]So, we could probably expect the rest of the same for the industry. It doesn't look like today is going to be a super volatile day. The only thing I would say is with my trades, I'm prepared mentally, physically for losing $100,000 on this. So, I'll run this up to a minus $100,000 loss before I'll take the loss.

[00:16:08]I've got to allow myself a bit of room here because we are currently trading in no man's land and we are a little bit early to this trade in my opinion. But I just want to seal that entry right now with a lot of money because I'm kind of happy with where my entry is at. Not only that, because I've got all of this built up in these other trades. We do have a little bit of wiggle room in all of this. But I understand it can be quite strange for the viewer at home watching this and going, "Jordan, have you lost your mind? Are you okay? Why are you doing this with so much money?"

[00:16:33]And look, I want to make a big trade. I want to make a big profit. I want this to run into a significant amount of money. And I might want it more than what it maybe actually even exists. But I won't lose that badly because if it breaks to the upside, I'll still be there for the long position. I'm not taking a strong bias right now. I'm just presenting my theory. And my theory is that we keep all getting tempted into short positions and actually we're still in a bare market. And with everything going on in the world, do we really expect the world to get better anytime soon? Probably not. But on that note, drop a like on the video, subscribe to the channel, check out the link for Yuba in today's video description, and I will see you in the next video. Goodbye.