Latest / CRYPTO 101 / Crypto Rundown: The #1 Rule to Profit in a Bitcoin Bull Market

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Crypto Rundown: The #1 Rule to Profit in a Bitcoin Bull Market · CRYPTO 101

0:09
[SPEAKER_03]: All right, everybody.
0:10
[SPEAKER_03]: Welcome back to the crypto run down happy Tuesday and happy good morning, good new week to all the bulls out there and especially not the bears because you're tuning in because you want to know the secret trading strategy has revealed the number one rule to making sure you can profit in a crypto bull market.
0:29
[SPEAKER_03]: If that's the case, we are here to tell you from years of experience, what that is.
0:35
[SPEAKER_03]: And it's coming up in the middle of the episode.
0:38
[SPEAKER_03]: It's going to be a lot simpler than you think.
0:40
[SPEAKER_03]: So you're going to want to stick around the number one rule.
0:42
[SPEAKER_03]: But before we get to that, we got to introduce Brendan, Brendan, welcome back to the show.
0:46
[SPEAKER_03]: We haven't seen you since this face ripper of last week.
0:51
[SPEAKER_03]: Happened.
0:51
[SPEAKER_03]: You can see on the screen here.
0:52
[SPEAKER_03]: We got the coin market cap 20, up 25% and 7 days.
0:56
[SPEAKER_03]: Bitcoin up 22 Ethereum, just seeing almost 30% has Brendan getting some thunderstorms out there down in South Florida.
1:03
[SPEAKER_03]: How are you doing, my friend?
1:05
[SPEAKER_01]: Dodge and lightning once again for all the Floridians out there, you know how it is.
1:10
[SPEAKER_01]: A little bit of a background joke for us on Inside Joke because we were on one of these once before Tivo and lightning hit knocked out the power fried me and I was out of commission.
1:20
[SPEAKER_01]: And you know, I think that's happened twice now, but doing good, man, you're right.
1:24
[SPEAKER_01]: This is the, what are the largest moves that we've seen in a long time?
1:28
[SPEAKER_01]: The crypto market, since we did this last Tuesday,
1:32
[SPEAKER_01]: On one of the most historic runs that we've seen, probably I would say the most historic recovery that we've seen, and definitely the most important recovery that we've seen since the bear market started.
1:43
[SPEAKER_01]: Now, we always like to say, you know, hey, we have this technical version that we do this where we go over the charts and the technicals on Thursdays.
1:50
[SPEAKER_01]: Tune in for that guys.
1:51
[SPEAKER_01]: We have all sorts of other great content coming in your way, including podcasts.
1:55
[SPEAKER_01]: But today we want to talk more about like the fundamentals of what's going on here in the catalyst and a lot of like the news related plays as well.
2:03
[SPEAKER_01]: That's affecting the market.
2:05
[SPEAKER_01]: And so as we dive into that again, I think this is going to be one of the more important one TV's and helping people understand why this is happening because.
2:13
[SPEAKER_01]: I think that if you understand why this is happening, you can get a better understanding about, well, is this just a short little relief rally or can this lead to something much more significant than that?
2:24
[SPEAKER_01]: And, you know, spoiler alert, you know, I'm in the camp of, I think that this can lead to something even more significant than what we've already seen, something more sustained, doesn't mean we won't have pullbacks and stuff, but yeah, a lot of really good stuff to cover, it's going to be action
2:41
[SPEAKER_03]: Yeah, it's just a good time to take inventory on what's going on in absolute super fun week of price action.
2:48
[SPEAKER_03]: But as you can see here, at least on the the coin market cap one, we're extremely greedy little pigies now.
2:55
[SPEAKER_03]: And he went from obviously last month, then all summer, we were in either extreme fear or fear itself.
3:02
[SPEAKER_03]: And now just rocketing after, you know, an average of what 25 to 30% moves on.
3:08
[SPEAKER_03]: on even the large caps is a special special week of price action.
3:12
[SPEAKER_03]: So what's causing all that?
3:13
[SPEAKER_03]: We're going to break it all down.
3:15
[SPEAKER_03]: We haven't pulled this up at a while because it's just been, you know, again, it was the where you out phase.
3:19
[SPEAKER_03]: There wasn't much going on, but let's pull up the block right and trim.
3:23
[SPEAKER_03]: Let us know where you want to go because it's exciting to be back to see this type of action for the ETFs and get this data.
3:31
[SPEAKER_01]: It will scroll us down if it should be like two charts beneath this into the ETF flows.
3:37
[SPEAKER_01]: So one more down and then we'll see here that you have the spot that Queen ETF flows on the left.
3:44
[SPEAKER_01]: And if you zoom us in there, maybe even to the last 12 to three months or so, then what we can see on that.
3:52
[SPEAKER_01]: is that the ETF flows have skyrocketed here.
3:55
[SPEAKER_01]: I mean, they have a tremendous amount here in recent days.
4:00
[SPEAKER_01]: And yeah, that's the guy right there.
4:02
[SPEAKER_01]: And if you zoom us in to maybe the 12 month or the three month view, then you can see this thing really take off to some of the highest levels that we've seen this year, especially in the last three months.
4:12
[SPEAKER_01]: And one of the big things that I think we even highlighted on here, Tvo, maybe in the last month or so, is that you really started to see signs of seller exhaustion.
4:21
[SPEAKER_01]: We talked about that.
4:22
[SPEAKER_01]: We said that it looks like the bears are getting exhausted.
4:25
[SPEAKER_01]: It looks like you're seeing some seller exhaustion.
4:27
[SPEAKER_01]: And one of the ways that you could have seen that was through the ETF flows really starting to dry up from those big outflow days on both Bitcoin and Ethereum.
4:36
[SPEAKER_01]: And now what you've seen here is this is the highest level of inflows that we've seen on Bitcoin, multiple different days in a row in the last three months.
4:45
[SPEAKER_01]: Even in the last six months, really.
4:46
[SPEAKER_01]: This is some of the largest days that we've seen.
4:50
[SPEAKER_01]: I think that that's significant, so not only are the Bitcoin ETF inflows looking impressive, the Ethereum ones are as well, and Ethereum, I think, is one of the big shining stories because that remains to be one of the better performers, one of the key outperformers amongst not only all of crypto, but especially in that large cap space, you have at the area I'm really, really performing quite well to the upside and kind of remaining that shining star.
5:16
[SPEAKER_01]: You know, when we reported on it about a week or two ago,
5:19
[SPEAKER_01]: Ethereum was up twice as much as Bitcoin was off the lows and I think that that was something that a lot of people were excited to see because of all of the infrastructure that's been built and it's something that we've been talking a lot about in the last month.
5:31
[SPEAKER_01]: I know I've gone on my little like side part rants about it right where I've had to have you and Hunter and Bryce reel me back in talking about why I think you know Ethereum is at this huge huge
5:46
[SPEAKER_01]: Maybe misunderstanding about where it should be priced and how I don't believe a lot of the stuff that has happened has been priced in yet and I think that there's a lot of potential and that has not changed.
5:55
[SPEAKER_01]: I still think that's there.
5:56
[SPEAKER_01]: Now I think we're just starting to get a little bit of a game of ketchup or prices catching back up to what really has happened in the growth that we've seen.
6:17
[SPEAKER_03]: Yeah, it's been a fun week and a well deserved week for, you know, the shake out phases when we're going down in the wary out phase, which is basically all summer, but you're starting to see it with the price action.
6:29
[SPEAKER_03]: And it's what's needed because I think for a long time, especially this year, we've been reporting on all the fundamentals and there's been, you know,
6:38
[SPEAKER_03]: I won't say nothing but good news, but the majority has been fundamentally positive news.
6:43
[SPEAKER_03]: And then kind of all the sudden it felt like maybe in the beginning of this summer everybody's kind of hanging their hat on the clarity act and we covered that and it wasn't going through where people were ironed up in August and then you know that was kind of that last ditch maybe of some people saying like, oh, we've lost all hope and then that's how it works right when you write when the majority will lose all of
7:05
[SPEAKER_03]: It's going to rip in your fades on the way back, which is what we're seeing right now, and we'll cover that with your opinion at the end of the show of what we're seeing, you know, regulation horizon and what could be causing this fundamentally, but it's just the price actions too big to ignore.
7:18
[SPEAKER_03]: So let's bring up this this options surge that you're seeing.
7:24
[SPEAKER_01]: Yeah, I mean, what you're seeing surges everywhere, right?
7:27
[SPEAKER_01]: And I think that's the point that I want to hammer home here, is that you're seeing a surge in price action.
7:32
[SPEAKER_01]: You're seeing a surge in shorts that are being liquidated.
7:35
[SPEAKER_01]: You're seeing a surge in ETF flows.
7:37
[SPEAKER_01]: You're seeing a surge as we covered about two or so weeks ago and hedge funds going net long on CME.
7:44
[SPEAKER_01]: You're seeing a surge here in options as well.
7:47
[SPEAKER_01]: So it's hard to view
7:49
[SPEAKER_01]: the crypto market here and try to say what is not searching, right?
7:53
[SPEAKER_01]: It's hard to find an area that is not searching at the moment.
7:56
[SPEAKER_01]: And this is just another example of that.
7:57
[SPEAKER_01]: So this highlights it really well.
7:59
[SPEAKER_01]: Call options on the largest Bitcoin ETF out there, the I bit one from BlackRock, search to 1.58 million contracts on Wednesday.
8:10
[SPEAKER_01]: Last Wednesday, right?
8:12
[SPEAKER_01]: This is the largest daily volume record that we have.
8:16
[SPEAKER_01]: period.
8:16
[SPEAKER_01]: This is the largest daily volume that we have on record from this, and it's a wild thing to see.
8:24
[SPEAKER_01]: Now, one of the things that I would just, again, highlight this is A.
8:28
[SPEAKER_01]: Again, we're seeing everything surge.
8:29
[SPEAKER_01]: We're breaking records.
8:30
[SPEAKER_01]: We're seeing the highest stuff that we've seen in either multiple months or in this cycle or since the last bear market or something like this, it's the highest that we've seen period.
8:39
[SPEAKER_01]: But
8:40
[SPEAKER_01]: I think the other thing that kind of stems out of this is that these are the kind of data points that you would expect to see at a market reversing event.
8:48
[SPEAKER_01]: Now, is the market reversal absolutely in?
8:52
[SPEAKER_01]: You know, it's obviously something that you can get an indication of either way.
8:57
[SPEAKER_01]: There's always the chance that it's not, right?
9:00
[SPEAKER_01]: But what I will say is that if I was looking for a market or virtual, this is the kind of stuff that I would want to see.
9:07
[SPEAKER_01]: And this is the kind of stuff that I would expect to see.
9:10
[SPEAKER_01]: So we'll have to continue to watch here, obviously, as more data comes out.
9:14
[SPEAKER_01]: But I will say, if I was looking for a reversal, this is the stuff that I would expect to see, right?
9:20
[SPEAKER_01]: break throughs of critical resistance levels, testing those prior highs, you know, multi-month highs on ETF flows, the highest level that we've ever seen of options and call volumes.
9:35
[SPEAKER_01]: The list goes on, right?
9:36
[SPEAKER_01]: So,
9:38
[SPEAKER_01]: I like this.
9:38
[SPEAKER_01]: I think that if you're looking for evidence that the bears are either crippling or just definitely on the weakening side of things, I think that this all really feeds into that argument.
9:52
[SPEAKER_01]: So, yeah, I mean, across the board here, we're hitting some big, big milestones for the crypto space, and it's not just the technical's breaking out, and that's again, the big point here is that you're seeing stuff surge, whether it's hedge funds that are
10:08
[SPEAKER_01]: Whether it's ETF inflows, whether it's options, whether it's price action, you know, whatever this may be, everything's surging here.
10:15
[SPEAKER_01]: And again, that's that's something that you'd want to see.
10:17
[SPEAKER_01]: It's not just one area of this love, the crypto space.
10:20
[SPEAKER_01]: It's not just one sector.
10:22
[SPEAKER_01]: It's not just one chart.
10:23
[SPEAKER_01]: It's not just Bitcoin.
10:24
[SPEAKER_01]: And again, yeah, really, really good stuff here.
10:28
[SPEAKER_01]: If you're a crypto guy for the long term.
10:31
[SPEAKER_03]: Yeah, it's once you get that momentum and like you're saying everything is sergering, it's the time where hopefully you put in your research and you you know, allocated where you want to be in the market and decided what fundamental narrative you want to be a part of.
10:44
[SPEAKER_03]: But this is a very exciting time when price action does start to get moving and a way that you can, you know, leverage your new tool to gather the knowledge what's happening kind of
10:58
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11:05
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11:21
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11:26
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11:29
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11:35
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11:36
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11:39
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11:40
[SPEAKER_03]: I believe it's this week on Thursday so you're not going to want to miss that.
11:44
[SPEAKER_03]: But if you clicked on the thumbnail and you're still here from the title, the number one rule to profit in this Bitcoin bull run.
11:51
[SPEAKER_03]: There is a secret to it.
11:53
[SPEAKER_03]: and that's secret we're gonna reveal right now if you've listened to the show over the years you've heard us talk about this and it's called the ten best days bread and I know you know the ten best days very well on the summary of it is basically uh... specifically for bitcoin uh... and that's where we come up with uh... the term uh... holdle uh... hotle is uh... you know you want to hold on because with bitcoin you don't want to trade in and out because the problem is if you miss the ten best days
12:19
[SPEAKER_03]: Sometimes Bitcoin can even be a losing proposition if you miss the 10 best days.
12:22
[SPEAKER_03]: So the stats here, since 2014, the average of the 10 best days is 162% and if you miss the 10 best days, your return would be minus 14% so if you took the remaining 355 days and missed the 10 best days, you're sitting at the minus 14 there.
12:40
[SPEAKER_03]: So Brendan, it's just a reminder, it's this type of
12:44
[SPEAKER_03]: environment where you know we were here we were doing you know at least one if not two episodes a week of the rundown plus our interviews we've been here through the entire bear market and you know we've been doing our research and allocating to where we think we want to be for when the bull run comes back because we obviously are all believers on this team and we've talked about for me it was the reoccurring bias on Ethereum and Bitcoin just forgetting about it all summer for you you're more technical so you're kind of
13:11
[SPEAKER_03]: reading the charts and seeing, you know, strategy wise when it's time to get in and pounce, but no matter what your strategy is, at least for Bitcoin, this is is a really good rule of thumb.
13:20
[SPEAKER_03]: And while we can't get personal financial advice to anybody, I know, even you as a seasoned trader who loves to get in the charts, usually has always has a stack of Bitcoin that you just don't touch.
13:31
[SPEAKER_03]: And so I think,
13:32
[SPEAKER_03]: Once the volatile, we kind of remind this on the way down, but you want to remind this on the way up as well.
13:36
[SPEAKER_03]: Like, don't don't think you're going to, you know, again, if you have strategies that you want to do great, but I think for the average investor, it's especially a good time to remind them, like, hey, don't think you're going to sell out here and then buy back lower and then trade it higher.
13:49
[SPEAKER_03]: And this is that, you know, the fees and the taxes, it's
13:52
[SPEAKER_03]: It's a tough game.
13:53
[SPEAKER_03]: You got to be a true professional to do that.
13:56
[SPEAKER_03]: And I know we know some of those.
13:57
[SPEAKER_03]: I think you're a true professional yourself, but I want to hammer home the 10 best days, which is what we're doing.
14:01
[SPEAKER_03]: So any any thoughts on this.
14:04
[SPEAKER_01]: No, I was gonna say, you know, you're right.
14:06
[SPEAKER_01]: I have my fair share of Bitcoin that just sits there idle, right?
14:11
[SPEAKER_01]: I don't touch it, it sits there, it's long-term, I don't trade with it, that's like in its own portfolio.
14:16
[SPEAKER_01]: And I'm a big believer of that, you know, someone who does love to trade, right?
14:21
[SPEAKER_01]: But, you know, this chart speaks for itself, right?
14:24
[SPEAKER_01]: If you miss those 10 best days, it can be crippling.
14:28
[SPEAKER_01]: A lot of the time you see these 10 best days happen around the time of the reversal.
14:32
[SPEAKER_01]: I know we've seen some of those big,
14:34
[SPEAKER_01]: reversal candles before I remember the ones from like the 2018 crash and after that and then after the 2022 crash you had these massive updates So yeah, yeah, really good point see you though
14:46
[SPEAKER_03]: awesome and uh one final thing you know I'm a meme guy uh I titled this the Lazarus project I was watching interstellar on a flight this weekend uh the Lazarus project is the raising uh the astronauts that put themselves to sleep they they they get raised from their sleep which is basically raising them from the dead and uh Bitcoin survives another funeral
15:08
[SPEAKER_03]: 2026, put it on the tombstone, the Lazarus project keeps coming back as Bitcoin uh, source higher, but not the only one sorting higher, not to be done by Ethereum uh, and obviously uh, you know, Tom Lee front of the show, we've covered it on the way down.
15:24
[SPEAKER_03]: Um, absolute diamond hands, just kept buying, kept staking and, uh, bit mine, uh, obviously, you know, looking, looking good right now, looking like it has some momentum.
15:34
[SPEAKER_03]: And they put out this stat on Ethereum that I thought was interesting.
15:37
[SPEAKER_03]: So, you've gained 30% this past week.
15:40
[SPEAKER_03]: That's the largest weekly gains since May of 25, 25.
15:44
[SPEAKER_03]: and then there was another one in July of 21.
15:48
[SPEAKER_03]: In those two precedents instances, this weekly gain of 30 plus signaled a launch point for a larger move in ETH.
15:56
[SPEAKER_03]: In 2021, he subsequently gained 167% and after May of 25, a gained 170%.
16:04
[SPEAKER_03]: So again, this is part of the research.
16:06
[SPEAKER_03]: This is not a guarantee by any means, but sometimes history doesn't always repeat.
16:13
[SPEAKER_03]: Sometimes it rhymes.
16:15
[SPEAKER_03]: We'll have to see, but again, Bitcoin isn't the only one that's moving Ethereum.
16:21
[SPEAKER_03]: You could even say maybe even had a little bit more men and last week being up 30% so are you keeping an eye on eath?
16:26
[SPEAKER_03]: I know you're a me and you huge bulls You know, we've been kind of I have always said on the shows like hey I love the clip a timely talking about Bitcoin at 5k and you got laughed out of the room on live on air You know, he's been he's been very very Bullish and just all in really on Ethereum and so you know, I think it's something to pay attention to
16:47
[SPEAKER_01]: Yeah, 100% of that you have to be paying attention to youth here.
16:51
[SPEAKER_01]: Huge fan of it, right?
16:52
[SPEAKER_01]: I trade it and I own it for my long term.
16:55
[SPEAKER_01]: So, you know, full disclosure, but yeah, I mean, how can you not like youth here?
17:01
[SPEAKER_01]: There's so much going on over there.
17:03
[SPEAKER_01]: Um, yeah, and I think it's going to be a continuing talking point here for the next, at least the next couple months.
17:09
[SPEAKER_01]: Ideally, the next couple of years, and I think it's just going to remain as a big player in the picture.
17:14
[SPEAKER_01]: It has been for a long time.
17:16
[SPEAKER_01]: I don't see it going anywhere.
17:18
[SPEAKER_01]: You know, I'm not a Maxi, right?
17:19
[SPEAKER_01]: I like Bitcoin.
17:20
[SPEAKER_01]: I like Keith.
17:20
[SPEAKER_01]: You're true.
17:21
[SPEAKER_01]: I like a lot of all coins, too.
17:22
[SPEAKER_01]: You know, we're not Maxis over here, but I do think Keith is a big part of the future.
17:28
[SPEAKER_03]: Yeah, and the thesis that I like is, you know, everything, you know, especially crypto being its own bear market while we watch the AI trade rocket was the thesis is that, hey, crypto is downstream of AI.
17:40
[SPEAKER_03]: And I think, you know, Ethereum for the big bulls that believe and it believe that, you know, Ethereum is, is Ken and will be a huge part of the financial system in the AI world.
17:52
[SPEAKER_03]: And so I heard this and I really like it is like we start to think of like we need to start thinking of banks as software companies like how are we going to be interacting in the future in our in our banking world as everything moves online.
18:08
[SPEAKER_03]: you know traditionally 50 years ago a bank truly was you had to go we're going to the bank we're depositing money at the bank we're withdrawing money at the bank we have our safety deposit box at the bank it was a physical place and now you know slowly and now all the sudden super fast everything's going online and so what are these banks going to be they're they're uh got our basically reinvent themselves as software companies
18:31
[SPEAKER_03]: And whoever wins that race will be the top dog and so, you know, maybe there could be a changing of the guard.
18:38
[SPEAKER_03]: That's kind of what you see maybe, uh, at least with Robin Hood, um, in the financial space of kind of, you know, being, being something that, you know, people thought was gambling and a casino and, you know, you can make that argument for sure, but now look at it as, you know, wealth advisors and,
18:55
[SPEAKER_03]: uh... 401k's an IRA's and now the banking credit cards it's it's really interesting to keep watching
19:03
[SPEAKER_03]: And another one, Weibo, kind of a younger, newer, for people to use for investing.
19:10
[SPEAKER_03]: So they had their CO and TV and I thought this was an interesting talking point.
19:14
[SPEAKER_03]: So we'll listen to the Weibo CEO and break it down the back of it.
19:18
[SPEAKER_00]: In terms of crypto, you've got the SEC proposing new rules, the future of clarity act, kind of remains in the balance.
19:24
[SPEAKER_00]: How are you thinking through all of this as it pertains to just your platform and your customers?
19:29
[SPEAKER_02]: So the average customer on we both left 34 years old.
19:33
[SPEAKER_02]: So crypto is no different in most of our clients' minds from buying a share of Apple, right?
19:39
[SPEAKER_02]: It's very similar.
19:40
[SPEAKER_02]: It's an asset class.
19:42
[SPEAKER_02]: They look at it as similar to owning an equity.
19:45
[SPEAKER_02]: So the removal of or excuse me,
19:47
[SPEAKER_02]: Not going back to PDT, but the adoption of broader regulation around crypto is putting a lot of positive momentum.
19:56
[SPEAKER_02]: We also saw the increased purchase operations which treasuries about two weeks ago.
20:02
[SPEAKER_02]: That really sparked a nice rally in Bitcoin.
20:04
[SPEAKER_02]: And we're seeing over the past week and a half, we're seeing almost a 300% increase in biceite orders for the big crypto.
20:10
[SPEAKER_02]: Bitcoin, any
20:13
[SPEAKER_03]: 300% increase.
20:15
[SPEAKER_03]: It's just it just confirms the day is showing people starting a chase.
20:18
[SPEAKER_03]: This is a tail as old as time and it doesn't matter.
20:21
[SPEAKER_03]: But whether it's crypto or AI or oil stocks or airline sign, anything that starts to run when you see that 10, 20, 30% in a week.
20:32
[SPEAKER_03]: I mean, again, people that average gains for that's more than average gains for a year.
20:37
[SPEAKER_03]: You can get in a week at a time.
20:38
[SPEAKER_03]: It's not easy to time and bottom tick.
20:40
[SPEAKER_03]: We all know that.
20:42
[SPEAKER_03]: But none the less when you see the price action on that everybody just sees it on their screens and they're like, I got to be in this.
20:48
[SPEAKER_03]: I got to be in this and so it's the restart and see the chasing you pulled up this data here.
20:53
[SPEAKER_03]: So I know it goes with that.
20:54
[SPEAKER_03]: That's why I placed it on the video.
20:55
[SPEAKER_03]: So break it down for us.
20:58
[SPEAKER_01]: Yeah, exactly.
20:59
[SPEAKER_01]: Like I think people are starting to chase a little bit here.
21:04
[SPEAKER_01]: And what we're seeing is kind of the recovery across the board.
21:09
[SPEAKER_01]: I do think like a lot of not only of cryptocurrencies been discounted right because of the underperformance, but I think even crypto related projects or companies or whatever right all anything related to the crypto space has been very heavily discounted because of a lot of the bad news in the flood that we've seen right that fear that uncertainty that doubt.
21:27
[SPEAKER_01]: the Clarity Act stocketing past, that's getting pushed back, crypto volumes have fallen, crypto activity has fallen, a lot of crypto related activities were on the decline, there's these big liquidation, it was just one thing after another, and now what you're seeing is the opposite of that, volumes are coming back, activities coming back, we're breaking records, seeing big inflows, they just talked about it over there with weibo, three hundred percent
21:56
[SPEAKER_01]: I think a lot of people look at this and they have been.
22:00
[SPEAKER_01]: I'd say the average person or institution has been pricing in.
22:04
[SPEAKER_01]: The idea that that will continue and that there's just these short little stints to the upside that we get.
22:11
[SPEAKER_01]: I think if we continue to hold and even move further to the upside, I think people have to start pricing in the fact that there is a lot of
22:23
[SPEAKER_01]: of increase in terms of again, you know, volumes, metrics, data, and you have to start pricing that in somehow.
22:31
[SPEAKER_01]: And I still don't think that it's fully is.
22:34
[SPEAKER_01]: We've seen a nice bounce here, but I think that if you are going to start pricing that back in, and then what you have to look at is let's use Coinbase for example, or Robin Hood, right?
22:45
[SPEAKER_01]: Big supporters of the crypto space, which is why we love them.
22:47
[SPEAKER_01]: We've had both of them on the podcast and
22:52
[SPEAKER_01]: you know basically like they've expanded a lot if you're going to say oh well we just have to compare to the where they were last cycle it's like no look at how much they've added since then right not only new projects but new features um and a whole lot of other things and so I think that you have to start pricing that in somehow and I think that the average person again just is not prepared for how much the crypto space has grown and I would say a lot of people are just looking
23:21
[SPEAKER_01]: Well, I just don't think it's the correct way to go about it.
23:24
[SPEAKER_01]: So, yeah, you know, I would be interested to see.
23:27
[SPEAKER_01]: And I don't want to tie as too deep into the traditional financial stuff.
23:31
[SPEAKER_01]: But I would be really interested to see what's going to happen with some of these companies and what their earnings calls are going to look like next quarter, right?
23:39
[SPEAKER_01]: Let's look at bit mine in some of these treasury companies that have been.
23:43
[SPEAKER_01]: buying every single day, right?
23:44
[SPEAKER_01]: We talked about bitmind versus Microsoft, excuse me, just strategy, right?
23:48
[SPEAKER_01]: Bitmind been buying every day.
23:50
[SPEAKER_01]: You haven't seen that from strategy.
23:51
[SPEAKER_01]: So I'd be curious to see what is bitmind's next earnings call going to look like because they've been buying this dip just about every single day in this bear market.
24:00
[SPEAKER_01]: What's it going to look like for Coinbase?
24:02
[SPEAKER_01]: You know, are they seeing a 300% increase?
24:04
[SPEAKER_01]: Because if so, that's a big deal.
24:06
[SPEAKER_01]: What's it gonna look like for Robinhood and their huge crypto sector?
24:10
[SPEAKER_01]: Even some of these banks, like or Neo-Banks, like so-fi, they have crypto-related trading.
24:15
[SPEAKER_01]: I think that the average person probably just isn't even thinking about that yet.
24:20
[SPEAKER_01]: And if we get that kind of wake-up call when that information does come out, which, again, we just don't know right now, we're assuming it's gonna be higher.
24:28
[SPEAKER_01]: But I think that if we get that wake up call and you're saying, oh, the banks are seeing at 100% or 200% increase in crypto trading.
24:35
[SPEAKER_01]: The exchanges are seeing a 100 to 200 to 300% increase in crypto-related activity.
24:42
[SPEAKER_01]: You know, these other things, right?
24:44
[SPEAKER_01]: Different defy activity.
24:45
[SPEAKER_01]: That's all increasing.
24:46
[SPEAKER_01]: Then I think that there is just a lot of fuel for the fire.
24:50
[SPEAKER_01]: And that fuels information that we don't fully have yet, but we're speculating based off of some of the stuff like this.
24:56
[SPEAKER_01]: Anyway, long way to answer the question, Tavo, but if you can't tell, I'm excited.
25:00
[SPEAKER_01]: I think that there are plenty of other things in catalysts.
25:04
[SPEAKER_01]: out there that could continue to fuel this.
25:06
[SPEAKER_01]: No, it doesn't mean that I think we're going to go up in a straight line like we have the last week or so.
25:11
[SPEAKER_01]: We're going to pull back.
25:12
[SPEAKER_01]: We're going to consolidate.
25:14
[SPEAKER_01]: Stuff like that's going to happen at some point.
25:16
[SPEAKER_01]: Whether it's today, tomorrow, a month doesn't matter.
25:19
[SPEAKER_01]: But at some point, we're going to do that.
25:21
[SPEAKER_01]: My stance is guys, I'm optimistic about this.
25:27
[SPEAKER_01]: I'm excited.
25:28
[SPEAKER_01]: I'm excited too.
25:29
[SPEAKER_01]: So I think if this maintains or even keeps going, there's a lot of other things to really factor in.
25:35
[SPEAKER_01]: So we'll see, right?
25:36
[SPEAKER_01]: Fingers crossed, knock on one.
25:39
[SPEAKER_03]: Yeah, and you know, you got to give sailors a shout out he's doing his financial alchemy and they're they're back in profit.
25:47
[SPEAKER_03]: So, you know, everybody likes to throw stones when they're in the negative and maybe rightfully so, but you got to give him given the the update when, you know, micro strategies back in profit.
25:58
[SPEAKER_03]: And I think I saw.
25:59
[SPEAKER_03]: Again, we've talked about on the show as, you know, we're not the financial alchemist that he is, but you know, apparently he's reporting that they're at 0% net leverage as of yesterday, which, you know, who knows what that means with all those different preferred stocks and whatnot.
26:17
[SPEAKER_03]: And then I believe bit mine is not in profit yet.
26:20
[SPEAKER_03]: I was trying to find that stat.
26:22
[SPEAKER_03]: I couldn't quite find it, but definitely some big moves over the weekend.
26:26
[SPEAKER_03]: So I think, you know, Tom Lee on his way to profitability.
26:30
[SPEAKER_03]: We all hope because that means ETH is going up.
26:33
[SPEAKER_03]: Just to finish this out we haven't had you on since last week, so you know, we talked about it with Brian what was the catalyst of this we talked about the record shorts liquidation But yeah, any any points that you wanted to Lead us home with of what's causing all this what do you see in of whether the fundamentals the price action or the news flow we can end it on on your thoughts there
26:57
[SPEAKER_01]: Yeah, I think it comes down to four primary catalysts.
27:00
[SPEAKER_01]: And again, we'll go over this very quickly, because I think you're right, you know, we have covered this.
27:05
[SPEAKER_01]: But the four catalysts that I've seen here is number one.
27:09
[SPEAKER_01]: You have that White House Crypto Summit that we had last week, and it signals some really strong government support for the whole crypto industry.
27:18
[SPEAKER_01]: That's a positive sign.
27:19
[SPEAKER_01]: The news that we got out of that from whether it was the government, whether it was from Coinbase, whether it was from Robinhood.
27:28
[SPEAKER_01]: releases after this event.
27:30
[SPEAKER_01]: And it was really positive.
27:31
[SPEAKER_01]: There's positive stuff about the clarity act.
27:33
[SPEAKER_01]: There was positive information in regards to future regulation, positive stuff that came out for tokenization, positive stuff that came out.
27:43
[SPEAKER_01]: um, for general infrastructure as well, um, one of the, I was even say to the Bitcoin treasury, right?
27:48
[SPEAKER_01]: They were open to the idea about adding and increasing the Bitcoin reserve.
27:51
[SPEAKER_01]: There was a ton of good stuff that came out.
27:53
[SPEAKER_01]: The markets love that meeting, and I think the results were really positive.
27:57
[SPEAKER_01]: The other thing that we saw, um, you know, in the last one, week or two, was some of the treasury coming out and talking about essentially, you know,
28:08
[SPEAKER_01]: buying back some of those long dated bonds and in applying some pressure there and applying some money in the markets really really like that.
28:18
[SPEAKER_01]: I think that that was a big deal here was the treasury coming out and saying that hey we're going to be doubling the size of certain buybacks of some of these long dated treasuries.
28:27
[SPEAKER_01]: The market really really liked that the crypto space did and I think that that was a whole other big one.
28:33
[SPEAKER_01]: The other one here kind of ties in to both of these points, mainly the first point, but it was just this idea of the Clary Act seems to be getting a big increase in attention.
28:44
[SPEAKER_01]: And so does crypto as a whole.
28:47
[SPEAKER_01]: Prior to this, there was different
28:49
[SPEAKER_01]: things that I think the government was prioritizing, right?
28:52
[SPEAKER_01]: Whether it was trade war stuff, whether it was geopolitical tensions and the stuff that's happening in the Middle East.
28:58
[SPEAKER_01]: And there's all these stuff happening and crypto kind of fell, he got pushed to the back burner.
29:03
[SPEAKER_01]: Now it feels like there's a lot of intentionality to really start targeting and helping and improving the crypto market again.
29:10
[SPEAKER_01]: And with that, you know, one of the things that we got out of the last meeting was it was either, I think it was,
29:17
[SPEAKER_01]: I think it was Coinbase's CEO Brian Armstrong saying that he is pretty certain that the clarity act can get passed before the years end and he said both sides have about 90 percent of what they want and there's about 10 percent of uncertainty but one of the things he said is that you rarely get both sides getting 90 percent of what they want.
29:36
[SPEAKER_01]: So he's confident that they can get the 60 required votes that they need it or that the 60
29:41
[SPEAKER_01]: Yeah, I think it's like about 60 votes that they need to get this thing passed.
29:45
[SPEAKER_01]: So he's like, we're pretty optimistic on this.
29:47
[SPEAKER_01]: Everyone seems to have most of the stuff that they want.
29:49
[SPEAKER_01]: I want to count this thing out.
29:51
[SPEAKER_01]: So when you see an increased attention and
29:57
[SPEAKER_01]: just increased effort to really push the crypto space forward and then you hear stuff like that.
30:01
[SPEAKER_01]: It's like, okay, well, hopes coming back here a little bit and then they're seeing some of the other stuff that's been talked about and alluded to.
30:08
[SPEAKER_01]: And then the final thing here is following, you know, all of this, you have a big increase in price in width that you had this gigantic liquidation event.
30:17
[SPEAKER_01]: Like a really, really big liquidation event.
30:20
[SPEAKER_01]: And so this was, you know, one of the largest liquidation events that we have seen in the last year.
30:26
[SPEAKER_01]: I believe it was the largest liquidation event that we've seen since the October 10th crash of last year, except the only difference this time around is that instead of longs getting liquidated, it was shorts.
30:37
[SPEAKER_01]: I saw something like it was the seventh largest liquidation event on record.
30:41
[SPEAKER_01]: Again, this time,
30:43
[SPEAKER_01]: the shorts are the ones getting destroyed.
30:44
[SPEAKER_01]: So you had a massive destruction of the shorts, which is very important because you've seen these same short sellers taking every, every little move up the bit that Quince had.
30:55
[SPEAKER_01]: You had him shorting it down, taking profits, letting it bounce, shorting it again and again and again and continually making profits.
31:02
[SPEAKER_01]: Now what you saw was just a wipeout happen of these people who are continuing to short their wife
31:12
[SPEAKER_01]: to happen.
31:12
[SPEAKER_01]: So yeah, four big catalysts here to ride off of definitely going to have to keep an eye on this, but all positive stuff to you though.
31:22
[SPEAKER_03]: all positive stuff.
31:23
[SPEAKER_03]: It's all positive price action this last week.
31:26
[SPEAKER_03]: So all the more reason to check out the links below.
31:29
[SPEAKER_03]: Get more involved.
31:29
[SPEAKER_03]: Sign up for the All-Kwaneler webinar this week and also check out the other links.
31:33
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31:38
[SPEAKER_03]: It will be, it's going to be a fun, fun, fall, we think.
31:42
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31:43
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31:46
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31:48
[SPEAKER_03]: We really appreciate you guys tuning in here on Tuesday.
31:51
[SPEAKER_03]: and we'll be back with content every day if you're inside the community and if you're just on YouTube in the podcast keep looking out for some more great interviews from Brighton Brendan and we'll see y'all in the run-down on Friday but that's all for now goodbye everybody.