Latest / CRYPTO 101 / Crypto Rundown: URGENT: Bitcoin Bottom Signal?! The Trade Alert We’re Watching

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Crypto Rundown: URGENT: Bitcoin Bottom Signal?! The Trade Alert We’re Watching · CRYPTO 101

0:08
[SPEAKER_00]: Alright everybody, welcome back to the crypto 101 podcast.
0:12
[SPEAKER_00]: We have an awesome show for you today.
0:13
[SPEAKER_00]: Brendan is finally back with us and he's back with us because we have an urgent technical analysis look at his Bitcoin bottoming.
0:22
[SPEAKER_00]: The charts are looking really, really well and we have a lot of facts around that that we're going to share with you at the top of the show.
0:27
[SPEAKER_00]: then we're going to dive right into the technical analysis with Brendan to show you what the charts are telling us and then we have some cool quick hitters around altcoins and another mastercard announcement in the crypto space.
0:38
[SPEAKER_00]: So Brendan, welcome back to the show.
0:40
[SPEAKER_00]: It's been a couple weeks since we've seen you.
0:42
[SPEAKER_00]: We know you've been deep diving into the research and it's been really interesting strong crypto markets compared to the other the other markets out there during this time of volatility.
0:53
[SPEAKER_00]: So welcome back to the show and how you
0:55
[SPEAKER_03]: There it is.
0:55
[SPEAKER_03]: Good to be back.
0:56
[SPEAKER_03]: I know it's been a little bit too long.
0:59
[SPEAKER_03]: I love doing these shows.
1:00
[SPEAKER_03]: A lot of you can probably tell.
1:01
[SPEAKER_03]: Sometimes I get pretty fired up while we're on these rundown episodes.
1:06
[SPEAKER_03]: But I'm glad to be back, man.
1:07
[SPEAKER_03]: It's been a busy time.
1:09
[SPEAKER_03]: Not only over here on our side, but just a busy time to be in crypto.
1:14
[SPEAKER_03]: We've still been hammering out the podcast and like you said, been doing a lot of research.
1:18
[SPEAKER_03]: And so I think we have some really big, important,
1:22
[SPEAKER_03]: They were excited to bring to all and again we like to do these completely for free So if you like it you enjoy it check out our other content check us out on YouTube Leave us a like to subscribe or review if you're on one of the podcast platforms and you know Let's dive in here to you though because
1:38
[SPEAKER_03]: I think one of the big things that we've been seeing is just outperformance from the crypto sector.
1:46
[SPEAKER_03]: We've been doing really well even at the time of making this Bitcoin breaking up to around 74,000 eth breaking through 2300 Solana breaking through 94 dollars XRP back above $1.50.
2:00
[SPEAKER_03]: And you've seen some really big altcoin breakouts alongside this, you know, hyper-liquid pushing back up to almost $40.
2:07
[SPEAKER_03]: I saw Tao pushing up through about 300 bucks.
2:11
[SPEAKER_03]: And so altcoins all across the board here, seeing pretty solid returns and pretty solid movement to the upside which is something that, you know, we obviously love the sea because we love both Bitcoin and all to over here.
2:23
[SPEAKER_03]: But
2:24
[SPEAKER_03]: pretty good time to be in the market.
2:26
[SPEAKER_03]: I think if you've sat out for the last six or so months, and you're just now tuning back in, you know, we've been referencing this a little bit TV saying, hey, it looks like the market's warming up.
2:36
[SPEAKER_03]: There's certainly some signs happening behind the scenes, and that's kind of bringing us to where we're at right now, which is a really, really important zone.
2:43
[SPEAKER_03]: So, stoked to be able to be back and dive through all of this with you.
2:48
[SPEAKER_00]: Yeah, and it's great to have you and there's no one else would rather have just a couple points here before we get into the charts.
2:54
[SPEAKER_00]: I thought it'd be good to start back where we actually start started off our show with this on Friday because I brought up the fact that this is the the same tweet from Friday.
3:04
[SPEAKER_00]: It was overnight on Thursday and a Friday, you know, 50 billion got added to the crypto market cap.
3:09
[SPEAKER_00]: And I told everybody on the show, Brendan that
3:11
[SPEAKER_00]: I was I was out with some friends and we were getting some alerts, you know, Bitcoin was rising Ethereum even pudgy penguins and we're all like, oh look like my friends were all, you know, hey look, crypto's rallying a little bit and I was like, oh, I don't know, might not, you know, the volume might not hold it might be low volume and then over night, you know, in Friday morning it'll drop back down because, you know, traditionally going into the weekends, markets go risk off, especially when there's high volatility events.
3:39
[SPEAKER_00]: But that wasn't the case.
3:40
[SPEAKER_00]: It held.
3:41
[SPEAKER_00]: It went strong to the weekend and then it continued to continue to over the weekend into today during this wartime volatility, which brings up our favorite saying prayers for the bears over $300 million and shorts liquidated in the past 24 hours Brendan
3:58
[SPEAKER_00]: So you got to start looking out for all those people that you know said oh crypto's week it's in a bear market now there's a there's a war over in the Middle East it's going to go it's going to go crashing down to zero that that truly isn't the case because we've seen how
4:13
[SPEAKER_00]: Bitcoin crypto just kind of he mentioned all those other all.
4:16
[SPEAKER_00]: It's like crypto in general has just been strong strong Compared to the stock market the S&P the NASDAQ strong compared to gold strong compared to silver It's really just weathered this storm With with the war in the Middle East that I don't think
4:31
[SPEAKER_00]: You know, many people predicted it all, you know, you normally, you know, Bitcoin's traded like a risk on assets, so you think, you know, the higher the volatility, like the more risky that Bitcoin could have gone in the circumstances of war, but we also got to know that Bitcoin crypto led the way down.
4:49
[SPEAKER_00]: We were talking on the show for
4:50
[SPEAKER_00]: how many weeks bread in the fundamentals are strong, the fundamentals are strong, and the price section's not following.
4:56
[SPEAKER_00]: And now look at the price action where you think it should go now, it's going the opposite way as well.
5:02
[SPEAKER_00]: So really just some fascinating facts out there of how Bitcoin and crypto has performed.
5:08
[SPEAKER_00]: So I'd love to give your take on that just in general.
5:13
[SPEAKER_03]: Yeah, I mean, if you look for really the last week, crypto has been the top performing asset for the most part.
5:22
[SPEAKER_03]: You compare it against large caps, small caps in the equities market, metals, it doesn't really matter.
5:28
[SPEAKER_03]: Crypto has been performing exceptionally well, especially Bitcoin, and now you're starting to see a really good rally with all
5:39
[SPEAKER_03]: you know, maybe just share my screen actually real fast TV.
5:42
[SPEAKER_03]: Yeah.
5:42
[SPEAKER_03]: I don't know, you know, we want to wait to do this, but I'd be happy to go into the Bitcoin chart and kind of highlight this.
5:50
[SPEAKER_03]: Um, you know, one of the things that I noticed is that if we just do a little bit of a side by side here, you know, Bitcoin is now it's working on its seventh green day in a row, which is a pretty big deal.
6:02
[SPEAKER_03]: You know, we've seen it rally about 12 and a half percent to the upside and again, every single day in the last week's been green.
6:09
[SPEAKER_03]: Um, so if we go and we look at like NAS DAC or the SMP for example, you know, let's just look at the SMP.
6:14
[SPEAKER_03]: You know, whether you're looking at small caps or large caps, it's the opposite.
6:17
[SPEAKER_03]: You know, the last seven days really going back to last Monday to where we're at.
6:21
[SPEAKER_03]: It's been falling off and underperforming.
6:24
[SPEAKER_03]: And we've seen a negative return rate over there was cryptos had a positive return rate.
6:29
[SPEAKER_03]: So you saw about a, you know, three and a half four percent decline.
6:32
[SPEAKER_03]: Roughly speaking, over the last week or so with the S&P, but you've seen Bitcoin moving up almost 12% to the upside.
6:40
[SPEAKER_03]: So not only are you getting this inverted comparison where Bitcoin encrypt those moving up all equities are moving down, but what you're starting to get is just a severe level of outperformance, which is what I think we've been waiting for, because in prior months you've seen the opposite happen.
6:56
[SPEAKER_03]: You've seen Bitcoin encrypt underperforming.
6:58
[SPEAKER_03]: equities and metals and everything else and now you know even if you switch it over to gold again roughly speaking over the last week or so for the most part trending to the downside here that coins pushing up to like multi-month highs or like monthly highs um gold's pushing back down towards almost monthly lows you know the lowest level that it's seen since mid to late February um and that's what we see at kind of coming back into today
7:22
[SPEAKER_03]: So whether you're comparing it to, again, large cap equities, I think you could even go to the Russell and say, well, what about small caps?
7:29
[SPEAKER_03]: Again, Bitcoin outperforming here for the most part.
7:32
[SPEAKER_03]: Beating just about everything that's pushing back to the upside, pushing almost a weak plus of nothing but green daily candles, working it's way up to its highest price since February 4th, which is a great thing to see.
7:46
[SPEAKER_03]: So I think you want to see this kind of relative strength, especially when in recent months you've had Bitcoin underperforming.
7:51
[SPEAKER_03]: You know, whatever happens to equities, multiply it by two or three, and that's what's happening to the crypto market.
7:57
[SPEAKER_03]: And, you know,
7:59
[SPEAKER_03]: This could be the turning point, because a lot of people like to look at crypto and say, well, it's actually a first mover.
8:05
[SPEAKER_03]: So Bitcoin and crypto started to turn around first, and then you had everything else starting to slow down and turn around afterwards.
8:11
[SPEAKER_03]: Well, now what we're starting to see is from the opposite perspective, Bitcoin starting to turn around from the bottom side up and see a lot of good gains.
8:18
[SPEAKER_03]: And so people were saying, okay, we'll could this be a front runner or a precursor to what's to come for everything else.
8:24
[SPEAKER_03]: I think regardless, you can look at this and say crypto has been two oversold compared to all these different asset classes and it's been two oversold just period despite the fundamental news and developments that that's been happening.
8:38
[SPEAKER_03]: I have the saying that there's been a disconnect between what's happening in the fundamentals and the technicals, and I think we reached a point where it just did not make sense for us to go too much lower.
8:48
[SPEAKER_03]: Now for a while, I've said, I think we can have the possibility of maybe one more like down.
8:52
[SPEAKER_03]: It's still rule that on the table, because
8:55
[SPEAKER_03]: We have not completely broken the downtrend, and I'll show us what that means here in just a second.
9:01
[SPEAKER_03]: But we can't, we have not completely broken the downtrend yet, but things are starting to look pretty good with maybe a few things that are still up in the air.
9:09
[SPEAKER_03]: And so, I think if you're in crypto here, you have to like what you're seeing.
9:13
[SPEAKER_03]: You have to like that we're not only outperforming and doing well and trying to break out and you're getting all these reversal signs.
9:20
[SPEAKER_03]: You got to like the fundamentals alongside this.
9:23
[SPEAKER_03]: So good fundamentals, good technicals.
9:26
[SPEAKER_03]: Overall, I really do like what we're seeing here.
9:29
[SPEAKER_03]: From a downtrend perspective, this is where you know, people might get a little frustrated.
9:36
[SPEAKER_03]: The downtrend here is still intact, right?
9:38
[SPEAKER_03]: We kind of draw a very rough trend line here and say, hey, we're still seeing all-time highs, lower lows, lower highs, lower lows, we really have not broken out to a higher high yet.
9:49
[SPEAKER_03]: So overall, the downtrend itself is technically speaking still intact.
9:53
[SPEAKER_03]: We're breaking the higher local highs, but we haven't even contested the prior consolidation range here.
9:59
[SPEAKER_03]: In fact, I think what we're seeing right now is the bare minimums of an early stage reversal, which is where you need to see higher local highs, higher local lows, getting above those short-term moving averages, a little bit of a breaking trend, rebounding over, off of over sold levels, a lot of things like that, and we are seeing a lot of those, which are a good short-term or early signs that this stuff is happening.
10:22
[SPEAKER_03]: However, in the big picture, you still have to kind of look at this and say, hey, well, the overall downtrend is still for the most part intact here, and we're yet to break out of that.
10:32
[SPEAKER_03]: So I don't want to make that sound too bearish, but there's that, which is point number one, point number two, which is just to say, you know, what we've seen here for the most part on Bitcoin is that it's broken down and formed a rising channel or a bear flag via.
10:46
[SPEAKER_03]: A rising channel.
10:47
[SPEAKER_03]: So we've had like the initial move down bear flag move down bear flag move down and this is really the only fear I would say I have left with Bitcoin.
10:59
[SPEAKER_03]: This is kind of like the final defense from the bears is that you're seeing
11:04
[SPEAKER_03]: price action that mimics a rising channel so far.
11:08
[SPEAKER_03]: It's not, you know, perfect, but it's certainly mimicking what we've seen a lot during some of these prior consolidation phases before a deeper move down.
11:17
[SPEAKER_03]: So this is the only thing that's holding me back is maybe a little bit hesitant.
11:21
[SPEAKER_03]: is the fact that we've kind of had this move down, rising channel, higher highs, higher lows, but no kind of clear break out.
11:29
[SPEAKER_03]: You're getting slightly higher highs, not able to see a lot of follow-through on the breakouts.
11:35
[SPEAKER_03]: We kind of just barely hit a new higher high, and then we see a steep cell off back to the downside.
11:40
[SPEAKER_03]: So I'm looking at this saying, hey, if this is going to be another bare pole bare flag combination like this,
11:46
[SPEAKER_03]: And we need to start being careful with this level.
11:49
[SPEAKER_03]: If we get the breakout and we evaluate this, that quings in a really good spot for a reversal.
11:54
[SPEAKER_03]: It really, really is.
11:56
[SPEAKER_03]: I've been a big advocate that I think that we can see less volatility during this kind of bear cycle.
12:03
[SPEAKER_03]: I don't think we're going to see a 70% drawdown.
12:05
[SPEAKER_03]: I don't think we're going to see an 80% drawdown until the overall downtrend breaks.
12:10
[SPEAKER_03]: I'd say maybe one more like down is a possibility, but it looks like that's becoming less and less viable or likely the more price action we're getting.
12:19
[SPEAKER_03]: So long as we are able to invalidate and break through the top of this falling channel or this rising channel, I think Bitcoin's in a great spot.
12:27
[SPEAKER_03]: You know, the other things that we've seen here are like the relative strength index recovering, and this thing coming off of its second most oversold point ever.
12:35
[SPEAKER_03]: The MACD recovering off of its most oversold point ever, of all time.
12:40
[SPEAKER_03]: And you've seen the fear and greed index recovering off of all time lows and all these things that typically do indicate that, you know, hey, if you haven't hit a bottom, you're mighty mighty close to it.
12:51
[SPEAKER_03]: And so this is historically been areas of opportunity, which is the way that I view this.
12:58
[SPEAKER_03]: Final note here to you, I want to loop you back in, just so much to talk about.
13:03
[SPEAKER_03]: eighth year, eighth and a lot of the altcoins, the large capital altcoins, have been leading the run for the most part.
13:10
[SPEAKER_03]: And we're seeing massive breakthroughs on those today.
13:13
[SPEAKER_03]: A theory I'm breaking through this consolidation that it's been in since early February, destroying the ceiling of this breaking through with authority.
13:21
[SPEAKER_03]: This is exactly what you want to see on a breakout.
13:23
[SPEAKER_03]: You're seeing good volatility, explosive price action to the upside.
13:27
[SPEAKER_03]: And I want to imagine here that if we come back to this towards the end of the day,
13:30
[SPEAKER_03]: You're going to see a decent level of volume, which is the final thing that I'm looking for.
13:34
[SPEAKER_03]: If you're going over to Solana, you're seeing a similar story.
13:37
[SPEAKER_03]: This thing's pushing up to the highest level of price action that we've seen since early February, trying to break through the ceiling of this similar to Ethereum, a little bit less authority.
13:47
[SPEAKER_03]: You're seeing similar price action with B&B, breaking out the higher highs here.
13:52
[SPEAKER_03]: A lot of these large caps.
13:53
[SPEAKER_03]: I think you can also look at Hyperliquid, which is right on the edge of a top 10 crypto by market cap.
13:59
[SPEAKER_03]: It kind of
14:00
[SPEAKER_03]: You know, balance beams on that line, you know, right around 10 to 13, but if you look at hyper liquid and what's happening to this thing, again, another very large market cap project that we've talked a lot about on the show.
14:12
[SPEAKER_03]: Breaking up here to the highest point that it seems since November coming back to almost the $40 level.
14:17
[SPEAKER_03]: Not quite a large cap, but one that we have talked about a lot.
14:22
[SPEAKER_03]: Sky, fairly large, almost $2 billion, coming off of the highest point that it seems since August of last year.
14:29
[SPEAKER_03]: Tao, another one that we talk about, going parabolic here as it's up, you know, I don't know what, 60 to 70% and the last week and a half.
14:39
[SPEAKER_03]: And so, Crypto is really starting to get some...
14:41
[SPEAKER_03]: some speed and some confidence back into the market, which is what we like to see.
14:48
[SPEAKER_03]: So, you know, listen, we're up on a big winning streak right now again, Bitcoin green about seven to eight days in a row, same thing with a lot of these large caps.
14:56
[SPEAKER_03]: We wanna see more follow-through.
14:58
[SPEAKER_03]: I think the goal here for a lot of these large caps is to get back to their prior consolidation ranges for Bitcoin that's in the 80,000s.
15:06
[SPEAKER_03]: That's kind of the idea target ranges, 80 to 90, K.
15:09
[SPEAKER_03]: For Ethereum, it's probably going to be up closer to maybe 28, 2900-ish, if not even a little higher.
15:17
[SPEAKER_03]: For Solana, it's going to be back towards 120, 130, maybe even a little bit higher than that.
15:23
[SPEAKER_03]: And, you know, if we are able to get this breakout and see some follow-through, listen, I think the markets have been so overexcended to the downside.
15:31
[SPEAKER_03]: I don't think it's crazy for us to see, you know, maybe another 10, 20, 30% move up on a lot of these coins.
15:39
[SPEAKER_00]: man.
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[SPEAKER_00]: Wolves on parade.
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[SPEAKER_00]: Unbelievable.
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[SPEAKER_00]: Great to hear you know.
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[SPEAKER_00]: Great to hear you know.
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[SPEAKER_00]: Great to hear you know.
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[SPEAKER_00]: Great to hear you know.
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[SPEAKER_00]: Great to hear you know.
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[SPEAKER_00]: Great to hear you know.
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[SPEAKER_00]: Great to hear you know.
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[SPEAKER_00]: Great to hear you know.
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[SPEAKER_00]: Great to hear you know.
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[SPEAKER_03]: Great to hear you know.
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[SPEAKER_03]: Great to hear you know.
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[SPEAKER_03]: Great to hear you know.
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[SPEAKER_03]: Great to hear you know.
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[SPEAKER_03]: Great to hear you know.
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[SPEAKER_03]: Great to hear you know.
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[SPEAKER_03]: Great to hear you know.
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[SPEAKER_03]: Great to hear you know.
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[SPEAKER_03]: Great to hear you know.
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[SPEAKER_03]: Great to hear you know.
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[SPEAKER_03]: Great to hear you know.
15:57
[SPEAKER_03]: and, oops, right in here, and it's been beautiful ever since then.
16:01
[SPEAKER_03]: You kind of broke above the 50, came back down, bounced off of it, it's clearing the 200, and you see the both of these short-term moving averages racing parabolicly up to the 200 here.
16:13
[SPEAKER_03]: I mean, when you get that crawl so over the last time, I guess you'd even really have a last time, but,
16:20
[SPEAKER_03]: that's typically a really good indicator of long-term momentum shifting upwards.
16:25
[SPEAKER_00]: So, 100% and, you know, we haven't had you on the show in a couple of weeks, as you've just been so busy inside your community, especially with, you know, the TA trading course.
16:35
[SPEAKER_00]: And last time we had you on, we had the extended trading session and your cohort was open.
16:40
[SPEAKER_00]: And I said, I was like, I know the price action hasn't been where we wanted it.
16:43
[SPEAKER_00]: It's been a little boring to just even sad, but, you know, now's the time where you want to,
16:50
[SPEAKER_00]: Um, so anybody that signed up in that last cohort has gotten their money well worth it Um, to kind of study those lows with you learn the uh, the, the, the, the, the momentum of, uh, the trading and the ins and outs of everything that you teach.
17:02
[SPEAKER_00]: So, uh, next time your cohort is open, uh, we'll obviously have you back on and bring a link.
17:08
[SPEAKER_00]: But I'm sure everybody that signed up for that has been super, super happy of the learning and just getting to see some really cool price action, uh, what ones don't say starting the course.
17:16
[SPEAKER_00]: to keep on the momentum train.
17:19
[SPEAKER_00]: We actually, we have a Bitcoin.
17:21
[SPEAKER_00]: We're going to talk about Bitcoin.
17:22
[SPEAKER_00]: Then we're going to go to the theory and then we're going to install on it.
17:24
[SPEAKER_00]: So the first one with Bitcoin is we're starting to see the exchanges once again are getting a little low.
17:31
[SPEAKER_00]: on Bitcoin and this happens from time to time and it can kind of be, you know, for the, you know, the short squeeze, it can be an ingredient in the pot, if you will.
17:41
[SPEAKER_00]: You know, if there's not enough Bitcoin to go around and, you know, eventually, that can lead to a short squeeze.
17:45
[SPEAKER_00]: So something to monitor, I saw that kind of floating around the timeline this weekend.
17:50
[SPEAKER_00]: And then we'll move on to Ethereum.
17:53
[SPEAKER_00]: So we talked about on Friday, Brendan Howe, the Ethereum Staking.
17:57
[SPEAKER_00]: ETF went live and talked about how you know there's an opportunity to get the ETF it's paying out basically a dividend with the staking product and it started to trade really well the tens of millions of dollars was being traded for the black rock staking ETF something that will will continue to monitor but I had a I had a
18:18
[SPEAKER_00]: clip here just to talk about the staking ETF from black rock head of digital assets saying that it is or could be the silver bullet for Ethereum.
18:27
[SPEAKER_00]: So let's take a listen to this and then we will bring up the the stat that you put in from token terminal on Ethereum.
18:35
[SPEAKER_01]: Yeah, I think that's a great way of framing it.
18:38
[SPEAKER_01]: In some respects, we think about what the ETPs did for Bitcoin, that was pretty close to silver bullet for a lot of investors in terms of being able to access Bitcoin in a super convenient,
18:54
[SPEAKER_01]: way.
18:55
[SPEAKER_01]: It wasn't quite the same for the original ETPs and ether because we didn't have the staking yield capture as part of it.
19:05
[SPEAKER_01]: So obviously there was tremendous resonance to the initial launch of the ether ETPs as well.
19:11
[SPEAKER_01]: And E-Day was the third fastest ETF in history to reach 10 billion in AUM,
19:19
[SPEAKER_01]: I've been an FBTC, but they did have this limitation.
19:23
[SPEAKER_01]: And so now, we're speaking in it, it becomes much closer, like Bitcoin ETPs were, to a silver bullet for a lot of investors, in terms of the super convenient exposure vehicle.
19:33
[SPEAKER_00]: Yeah, I think that's a...
19:34
[SPEAKER_00]: There it is.
19:35
[SPEAKER_00]: And this is something that we've talked about, I mean, even a year ago when this was kind of in the weeds of happening, even without the staking went and launched it, you know, the ETF vehicle, like he said with the ETFs, it opens up the ability for a lot of funds to get exposure, because they can't go on to Coinbase and just buy Bitcoin or Ethereum.
19:54
[SPEAKER_00]: They have to do it through these different products.
19:57
[SPEAKER_00]: And now with the dividend, it's like, oh, maybe that's more interesting to some, it's going to allow for the rules of some funds like a dividend fund, you know, I don't I'm sure they're they're going to evaluate to see if they want to put crypto staking you know dividends inside that portfolio, but it gives an option for you and I would I would guess that some are going to take take that into account and maybe start investing there.
20:20
[SPEAKER_00]: So it really does unlock the door for a lot of capital and then you put up something around Ethereum as well that you want to share.
20:27
[SPEAKER_03]: Yeah, I mean, exactly, when it comes to ETH here, let's see, yeah, this is the chart perfect.
20:36
[SPEAKER_03]: Thank you for this.
20:37
[SPEAKER_03]: Yeah, I mean, Ethereum's crushing it, and I brought this up because both of the layer ones here, both of the major layer ones, you know, outside of Bitcoin are just crushing it here.
20:47
[SPEAKER_03]: And we always like to reiterate this because there's been this huge disconnect between
20:53
[SPEAKER_03]: And we've seen explosive growth that's saying something is not fully priced in, right?
21:01
[SPEAKER_03]: You have Ethereum.
21:02
[SPEAKER_03]: It says Ethereum is the number one chain in terms of application TVL, stablecoin supply, and tokenized real-world asset market cap.
21:12
[SPEAKER_03]: Now the network is catching up in terms of performance across the board.
21:16
[SPEAKER_03]: You see the cost to transact Ethereum is at basically all-time lows.
21:21
[SPEAKER_03]: and on chain activities at all time highs.
21:24
[SPEAKER_03]: So I wanted to highlight that because we just had a really good conversation the other day with members of soul strategies, who are
21:33
[SPEAKER_03]: in the name, very bullish and Solana strategies, or Solana itself.
21:38
[SPEAKER_03]: And we like Solana, and I have a really cool graphic for Solana right after this.
21:43
[SPEAKER_03]: But I bring this up because what's happening with Solana, or what's happening here with Ethereum, is that it's seeing record low transaction costs and gas fees and all these other things while seeing all time high activities metrics.
21:58
[SPEAKER_03]: So, it's a really cool disparity.
22:00
[SPEAKER_03]: If you remember during the last bull run, you know, let's just say like the last major cycle of like 2021, 2022, there were points where gas fees would be $10, $20, $50, $100 to do a gas fee and it would take quite long.
22:16
[SPEAKER_03]: What we've done is we've actually doubled that prior all-time high in activity from the 2021-2022 cycle.
22:23
[SPEAKER_03]: We have doubled that level of activity while bringing gas fees under one cent or around one cent or under.
22:29
[SPEAKER_03]: As we sit at it right now, I was checking last week and it was under one cent for the average gas fee, which is incredible.
22:37
[SPEAKER_03]: And so this is a big thing, saying, hey, we doubled our activity in the last couple of years, and we've brought gas fees from 10, 20, 50 bucks to under one cent, which is a massive accomplishment in terms of scalability, and it shows that a lot of things are happening behind the scenes.
22:54
[SPEAKER_03]: So there's growth and their scalability,
22:57
[SPEAKER_03]: and both of these are happening at the same time, which is exactly what you wanna see.
23:00
[SPEAKER_03]: So, we like this.
23:02
[SPEAKER_03]: And then they go on and they say, hey, you know, look at TVL, look at stablecoin supply, and we're gonna look at stablecoins too, because this has been one of the hottest topics right now.
23:10
[SPEAKER_03]: But if we can go to the next image, which is on Solana, I want it to highlight this to make sure that we weren't just chilling, you know, e, because we're fans of both over here.
23:20
[SPEAKER_03]: We like both, I have exposure to both, almost an equal amount of exposure.
23:39
[SPEAKER_03]: So what we have here, and what I think a lot of people fail to understand, especially maximalists, is that it has to be one or the other, when in reality you're seeing them used with record levels of activity for two different purposes, right?
23:52
[SPEAKER_03]: So you're seeing teeth just blow away expectations, hit record levels in like TVL and stable coins and, you know, a bus.
24:00
[SPEAKER_03]: scalability and a lot of these things, and it's seeing massive success on that end.
24:05
[SPEAKER_03]: And then you're looking at Solana here, and you're seeing Wolf from the transactional and from Dex to Volume, from things like that, this is where it is crushing it, and maybe beating out Ethan if you wanna put it that way.
24:17
[SPEAKER_03]: So again, they're both growing, they're both seeing like insane levels of activity and usage and volume and all these different things.
24:24
[SPEAKER_03]: But just in two different areas, and I think that that's perfectly okay
24:30
[SPEAKER_03]: exceeding and excelling it's two different things.
24:33
[SPEAKER_03]: So again, if you're coming back to crypto, you took the last six months off What we want to do here is we want to help show you these these infrastructure plays are Doing fantastic they really really are and you have lots of push to to kind of bring this to its next level But if we go to the next graphic here just talking about stable coins
24:56
[SPEAKER_03]: You know, stable coins have been the talk of the town for almost a year now, and they continue to crush.
25:01
[SPEAKER_03]: Stable coins supply here continues to grow at a parabolic rate, and it has been for the bulk of last year.
25:07
[SPEAKER_03]: It has hit new all-time highs here of around $313 billion in market cap as of earlier this month.
25:18
[SPEAKER_03]: And this is seeing growth on both, obviously, Ethereum, which is kind of the big hub for stablecoins.
25:24
[SPEAKER_03]: And I think I had one more graphic talking about Solana's stablecoins.
25:30
[SPEAKER_03]: Yeah, here it is.
25:32
[SPEAKER_03]: And it's showing that, you know, this isn't just Ethereum, which is kind of the hub for it.
25:36
[SPEAKER_03]: You're seeing explosive growth on Solana as well.
25:39
[SPEAKER_03]: So, stablecoin market capital on Solana hits a new all-time high of $15 billion, which puts it up 200% over the past year.
25:47
[SPEAKER_03]: Now, when most people think about the past year to you, though, it's not great memories.
25:52
[SPEAKER_03]: You're right.
25:52
[SPEAKER_03]: They're thinking about it saying, hey, over the past year, I'm red or over the past year, I'm down or this or that.
25:58
[SPEAKER_03]: What you are seeing is that some of these specific verticals and different metrics are growing by mind-blowing amounts.
26:09
[SPEAKER_03]: And again, with it stablecoins, tokenization, scalability, dex volume, all these different things.
26:17
[SPEAKER_03]: you're seeing a lot go on there.
26:19
[SPEAKER_03]: And so we say this because I think there's a lot more than meets the eye.
26:22
[SPEAKER_03]: There's a lot more of what's going on than just the surface level picture.
26:26
[SPEAKER_03]: And the whole point of the show is to say, hey, we do all the research.
26:29
[SPEAKER_03]: We like to read through this stuff.
26:31
[SPEAKER_03]: You know, we like to nerd out on it.
26:33
[SPEAKER_03]: Here's what's actually happening behind the scenes.
26:36
[SPEAKER_03]: And I think that's what creates opportunity.
26:39
[SPEAKER_03]: is saying there is a disconnect here.
26:41
[SPEAKER_03]: It's hard to have 100, sorry, 200% growth in this sector and have the token be down to multi year or multi, you know, month lows.
26:52
[SPEAKER_03]: At the point of Solana being at 90 bucks, it's basically multi year lows.
26:56
[SPEAKER_03]: And I think that there is a disconnect between what's really going on and how this thing is being fairly priced.
27:03
[SPEAKER_03]: And so that's what I look at it.
27:05
[SPEAKER_03]: Again, it's going to have its ups and downs, maybe it could go further.
27:08
[SPEAKER_03]: But there are too many of these exceptional on-chain metrics to, I think, have a long-term bearish view of a lot of these infrastructure plays.
27:21
[SPEAKER_03]: I just think that,
27:22
[SPEAKER_03]: I can't see it lasting, you know, those people say, oh, we're going to be in this multi-year bear market.
27:27
[SPEAKER_03]: I have a hard time believing that.
27:31
[SPEAKER_00]: It's all great points, man.
27:32
[SPEAKER_00]: And great, great research, great talking points.
27:36
[SPEAKER_00]: And again, the fundamentals have led the price action.
27:40
[SPEAKER_00]: And now the price action is staying strong in, like we've kind of commented nonstop in the last couple of weeks, like just
27:47
[SPEAKER_00]: The turmoil is a war, man.
27:49
[SPEAKER_00]: It's a shame and obviously not on a global scale.
27:52
[SPEAKER_00]: You just don't want to see that stuff in general.
27:55
[SPEAKER_00]: But especially when it comes to markets, traditionally it is a sea of red when that stuff's going on.
28:00
[SPEAKER_00]: And crypto has not been.
28:02
[SPEAKER_00]: And we certainly led the way down.
28:04
[SPEAKER_00]: And
28:06
[SPEAKER_00]: hopefully brighter days and crypto is going to lead the way out of this.
28:09
[SPEAKER_00]: There's a lot of ways to skin the cat.
28:10
[SPEAKER_00]: There's a lot of opportunities.
28:12
[SPEAKER_00]: We've tried our best to kind of cover it all.
28:15
[SPEAKER_00]: Again, points on this show of you mentioned like talking about hyper liquid and all these other altcoins and especially inside the community and the different newsletters you guys have written on Tao and
28:25
[SPEAKER_00]: You know, all the stuff of just kind of showcasing like, hey, there's a lot of newer projects that, you know, if you kind of tuned out since 21 or 22 or, you know, you're you're still sticking with your original projects from 2018, it's like, there's just so much new stuff new projects and technology and obviously with AI and crypto in general.
28:46
[SPEAKER_00]: that, uh, there's just so much to take in and it's good to see, uh, like I point out hyper liquid of iron up that golden cross on the 200 day maybe, you know, in the coming weeks or months and, um,
28:59
[SPEAKER_00]: It's always exciting to see the price action.
29:02
[SPEAKER_00]: It kind of gets everybody's perks.
29:03
[SPEAKER_00]: Perks, everybody's years up.
29:04
[SPEAKER_00]: You know, certainly we'll be getting more downloads.
29:06
[SPEAKER_00]: But, you know, I think the listeners that, you know, have stuck with us through the ups and downs of the ones that will benefit the most.
29:13
[SPEAKER_00]: So just a little last topic here.
29:15
[SPEAKER_00]: A little fun one.
29:16
[SPEAKER_00]: We covered this on Friday, MasterCard partnered with 85 different companies.
29:21
[SPEAKER_00]: I don't know if you saw that Brendan.
29:22
[SPEAKER_00]: are there this huge announcement of partnering with 85 companies different you know companies around payments and crypto and settlement and all this stuff to roll out i mean they're obviously building something rolling out some type of program and i saw this cool video today and it was highlighting uh...
29:38
[SPEAKER_00]: What something that they're going to be rolling out it didn't necessarily give a Specific link I couldn't find it.
29:45
[SPEAKER_00]: Um, so hopefully they'll put out more information.
29:47
[SPEAKER_00]: This maybe is more of a teaser But they're they're showcasing a crypto card.
29:50
[SPEAKER_00]: So crypto cards let you pay just like any other card while your digital assets power the transactions And our process and fiat on the master card networks.
29:58
[SPEAKER_00]: Let's take a listen to this promo video and then we can kind of break it down and we'll get out of here
30:04
[SPEAKER_00]: after that.
30:05
[SPEAKER_00]: Or if there's any questions in the chat, let us know when we can answer those as well.
30:09
[SPEAKER_00]: So let's take a look.
30:10
[SPEAKER_02]: Somebody has to eat pizza to explain the future of payments to people.
30:14
[SPEAKER_02]: Yeah, had to be made.
30:15
[SPEAKER_02]: Can you use crypto to make for stuff at a small business?
30:19
[SPEAKER_02]: We're here at Sunrise Detail in Brian New York to find out.
30:22
[SPEAKER_02]: I'm here with my buddy Sebastian who's going to tell us all about crypto parts.
30:26
[SPEAKER_02]: What is crypto card?
30:28
[SPEAKER_02]: So a crypto card is a payment card that's tied to digital assets in a wallet.
30:33
[SPEAKER_02]: It's like any other card that you would use.
30:34
[SPEAKER_02]: Resigning the pizza place is accepting different types of cryptocurrency.
30:40
[SPEAKER_02]: Nothing changes for the small business.
30:42
[SPEAKER_02]: Everything stays the same.
30:43
[SPEAKER_02]: What happens?
30:44
[SPEAKER_02]: At the checkout process, all of that crypto is converted to US dollars in this particular case, so that the business doesn't have to worry about anything.
30:52
[SPEAKER_02]: It also just so happens that the first ever crypto purchase was pizza.
30:58
[SPEAKER_02]: Many, many years ago, my first crypto pizza purchase.
31:02
[SPEAKER_02]: So thank you very much for that.
31:04
[SPEAKER_00]: It's a little fun, uh, oh, it's the Bitcoin pizza buy.
31:07
[SPEAKER_00]: And then if I saw here at the thing, it was like a 40 second mark there.
31:10
[SPEAKER_00]: It is right there.
31:12
[SPEAKER_00]: The, uh, is that, is that meta-bass mask?
31:14
[SPEAKER_00]: Yeah, is that meta-mask, a meta-mask, a meta-mask, a meta-mask, a meta-mask.
31:18
[SPEAKER_00]: A meta-mask card there, uh, a little teaser.
31:20
[SPEAKER_00]: So again, I, I try to find a little bit of the specifics.
31:24
[SPEAKER_00]: I know you, uh, I know that, um, uh, uh,
31:29
[SPEAKER_00]: like what is the crypto card how do you sign up with it like what while it's can it transact with it was a little bit of a broad announcement video.
31:37
[SPEAKER_00]: So as the specifics come out we'll bring it to you but again on Friday they announced this 85 you know partner program and master card changed their bio brand and to say like the digital asset while it's of the future like really leaning into it.
31:51
[SPEAKER_00]: So um is this something you're excited for uh obviously you know there's a lot of people out there that
31:55
[SPEAKER_00]: You know, say, hey, never sell your Bitcoin, never use your Bitcoin, but the integration into the payments network, like they said, is like, hey, it's nothing's going to change for the merchant, it's the same as any other credit card processor that they have.
32:09
[SPEAKER_00]: They can just accept the payments and then master card obviously is going to do the settlement and get the merchant their their cash and fiat.
32:16
[SPEAKER_00]: So it's what we usually say is the mass adoption of this stuff is going to happen when, you know, the people using it don't necessarily know they're even using crypto rails.
32:25
[SPEAKER_03]: Well, there's an old saying that says you'll know when to sell your crypto when you don't have to and what that implies is that You'll know when you're able to like actually get rid of your crypto when you don't actually have to sell it and you can just use it And this is a great example of that where it's like hey Crypto will get to a point where you can use it to pay for a pizza.
32:46
[SPEAKER_03]: You can use it the grocery street.
32:47
[SPEAKER_03]: You can use it for all these things
32:50
[SPEAKER_03]: as opposed to going to a brokerage selling it off, making it a taxable event, sending it over, getting it in your bank account, taking that money, going to the store and then buying it that way.
33:00
[SPEAKER_03]: The goal here is it's like, hey, you know, the goal is to not have to sell, right?
33:05
[SPEAKER_03]: The whole goal of this is that you're never going to have to sell, you're just going to be able to transact it.
33:10
[SPEAKER_03]: And this is a major step towards that direction, saying you're not actually ever supposed to sell.
33:15
[SPEAKER_03]: The goal is for one day, you'll be able to just pay for whatever you want with this stuff.
33:19
[SPEAKER_03]: And that's how you'll like quote-unquote sell if that makes sense, is that you'll just be exchanging it for your everyday goods that you would already normally do.
33:26
[SPEAKER_03]: And I think this helps a lot of people.
33:28
[SPEAKER_03]: There's a lot of people out there who need to sell off their crypto so that they can go buy things, right?
33:35
[SPEAKER_03]: And you see kind of continuous selling pressure because of that, especially people who make a lot of money,
33:40
[SPEAKER_03]: They are almost encouraged to take it out and maybe go on a vacation with it or maybe buy something nice with it If they don't have to do that anymore, then Again, I think that that that makes Everything a bit smoother.
33:54
[SPEAKER_03]: So I'm a huge fan of this people have been trying to do this for years and
34:01
[SPEAKER_03]: It's nice to see MasterCard saying, you know, hey, we want to take a huge step in this direction.
34:06
[SPEAKER_03]: And it also shows that they want to make a long-term bet on crypto.
34:10
[SPEAKER_03]: I always think people underestimate.
34:12
[SPEAKER_03]: When companies go and they set this up, it's long-term infrastructure.
34:15
[SPEAKER_03]: It's long-term bets.
34:17
[SPEAKER_03]: They're hiring employees to do this.
34:19
[SPEAKER_03]: Engineers to program it and make it work on the back end.
34:22
[SPEAKER_03]: They're hiring a team to make the apps and then they're hiring marketing
34:30
[SPEAKER_03]: It's a long-term bet that takes employees and a lot of resources and time, and this isn't just like a quick little cash grab for them.
34:40
[SPEAKER_03]: And it's intentional effort, and you see this from the banks.
34:43
[SPEAKER_03]: You see it from the asset managers.
34:45
[SPEAKER_03]: You see it from these credit card companies now, and it's a huge testimony.
34:50
[SPEAKER_03]: Again, I think the overall direction here, which is that this stuff is here to stick around and not only is it here to stick around, they're here to make it easier for you to interact with it, which is the goal.
35:02
[SPEAKER_00]: great points and he final thoughts heading into the week we have a busy busy week here uh... crypto 101 uh... we have the summit that i'll be hosting uh... with price this week uh... and i know you got a lot on your plate as well so anything uh... and then you leave the listeners with will try we have a fed meeting Wednesday i think that's a lock for a hold uh... they're not going to do anything drastic during the uh...
35:25
[SPEAKER_00]: turmoil going on in the Middle East so that's going to be a whole obviously the press conference is important we won't be able to do a live for that will be busy with the summit but we'll try and get an episode out Friday if we can can't promise that we'll see what what's going on this week with everybody but anything to leave the listeners with for the week ahead.
35:44
[SPEAKER_03]: Yeah, I mean, guys, I would just say buckle up.
35:46
[SPEAKER_03]: You know, we're coming up on the top of that channel, the highs for Bitcoin here.
35:51
[SPEAKER_03]: I mean, if we can get a breakthrough here, it looks really mighty good for the crypto market.
35:58
[SPEAKER_03]: Let's get some follow-through.
35:59
[SPEAKER_03]: Let's get a breakout, if not, and we see kind of a sharp rejection off these highs that we're pushing up into.
36:05
[SPEAKER_03]: You know, it creates a bit more uncertainty, and so what we are approaching right now is the pivotal line of, are we going to continue in the very clear downturn that we've had so far?
36:17
[SPEAKER_03]: Or are we able to put together a real true attempt for reversal and what looks to be like the first real attempt at forming a reversal?
36:26
[SPEAKER_03]: And that's what we're setting up for, so huge pitiful pivotal moment as we're up here, I'd say buckle up.
36:32
[SPEAKER_03]: has a lot of craziness going on, but the way that crypto is out performing right now is a really good step in the right direction, which is something that again, we haven't seen a lot of as of lately.
36:41
[SPEAKER_03]: So
36:42
[SPEAKER_03]: I'm cautiously optimistic to you though.
36:45
[SPEAKER_03]: I want to see some follow-through here, and I'm hoping that we can see it.
36:49
[SPEAKER_03]: And if so, I hope people are positioned correctly.
36:52
[SPEAKER_03]: We've had a long time of price action being down here.
36:55
[SPEAKER_03]: I'm a huge advocate that we can get back to the highs.
36:58
[SPEAKER_03]: I would say it's possible this year.
37:00
[SPEAKER_03]: Maybe, you know, maybe we get there next year, but I think it's in my opinion, it's an inevitability that we get back to those areas.
37:08
[SPEAKER_03]: And so,
37:09
[SPEAKER_03]: You know, not for all crypto, but I would say, you know, for Bitcoin, especially in a lot of these other altcoins and large caps.
37:15
[SPEAKER_03]: Um, to stay vigilant, keep an eye out there, you know, cryptos console it all for a long time, and we could be doing great points, great thoughts, uh, and I agree with you on, on those of,
37:29
[SPEAKER_00]: You know, you don't want to abandon your risk management.
37:31
[SPEAKER_00]: You can't look at what's going on and say, hey, we beat the odds.
37:36
[SPEAKER_00]: We're, you know, in this turmoil time, cryptos outperforming, it's going to the moon, you know, but also, you know, don't ignore it either, because there's a lot of signal out there.
37:44
[SPEAKER_00]: So stick to your, you know, play your trades and trade your plan and keep a vigil out.
37:50
[SPEAKER_00]: I use your risk management, but,
37:52
[SPEAKER_00]: like we've been preaching for weeks.
37:53
[SPEAKER_00]: There's a ton of opportunity out there.
37:55
[SPEAKER_00]: So that's going to do it all for us guys.
37:57
[SPEAKER_00]: We really do always appreciate you listening.
37:59
[SPEAKER_00]: Apologies on my end if we're not going to get another episode out this week.
38:02
[SPEAKER_00]: Just stay tuned.
38:03
[SPEAKER_00]: I'll keep everybody updated in the community.
38:05
[SPEAKER_00]: If we can, we do have a lot of great interviews out there.
38:09
[SPEAKER_00]: We release Robin Hoods.
38:10
[SPEAKER_00]: That was a great one.
38:11
[SPEAKER_00]: We have a couple new ones this week coming out as well.
38:15
[SPEAKER_00]: So, please.
38:15
[SPEAKER_00]: plenty of content still even if we're not doing the rundowns but we just really appreciate everybody being a part of the community give this video a like subscribe and for everybody else listening leave a review if you can as well we'll we'll we'll talk to everybody soon and I hope everybody has a great rest of the week all right