Latest / The Paul Barron Crypto Show / Crypto Market Recovery🚀$60k Bitcoin Next?

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Crypto Market Recovery🚀$60k Bitcoin Next? · The Paul Barron Crypto Show

0:07
Speaker 1: Are we in the middle of a crypto correction and
0:09
Speaker 1: how are the markets responding. This, of course is going
0:12
Speaker 1: to be looking at a ton of assets, but also
0:14
Speaker 1: taking a look at some of the macro pressure that
0:16
Speaker 1: could guide the market.
0:17
Speaker 2: My name is Paul Barrew. Welcome back in the tech path.
0:20
Speaker 1: We're going to get into all of that today, really
0:22
Speaker 1: kind of look at where the market has and how
0:24
Speaker 1: the market has responded. Some of the assets out there,
0:27
Speaker 1: of course, have done a pretty good job in bouncing
0:29
Speaker 1: back off of what was one of the most difficult
0:33
Speaker 1: days that have ever happened in financial history. Before we
0:36
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Speaker 1: you get that additional off right there. Let's go over
1:13
Speaker 1: to a couple of points right here. Who bought the
1:16
Speaker 1: dip on Monday? Many people looking at it? Was it Retail?
1:18
Speaker 2: Was it?
1:19
Speaker 1: You know, the typical suspects out there? And institutional? This
1:23
Speaker 1: is according to JP Morgan, that retail a billion in
1:26
Speaker 1: net selling. God, I cannot believe people sold like this
1:29
Speaker 1: in this crazy granted now, security side I understand, but
1:32
Speaker 1: the cryptoside not so much. Two and a half standard
1:36
Speaker 1: deviations below the twelve month average. Institutional comes in with
1:40
Speaker 1: fourteen billion in net buying, which is two point nine
1:43
Speaker 1: standard deviations above the twelve month average. So I mean
1:46
Speaker 1: this is an old hat versus new hat. Really, what
1:49
Speaker 1: it boils down to. I want to go to a
1:50
Speaker 1: couple of clips here because we'll get into some more
1:52
Speaker 1: detail of what this means for the market in general.
1:56
Speaker 1: One is a clip here from POMP. Have sellers lost
1:59
Speaker 1: their mind? Take a look, Liz.
2:03
Speaker 3: I think that this is a classic dislolation between the
2:05
Speaker 3: fundamentals and the price action. Most of the crypto sellers
2:08
Speaker 3: have lost their minds, in my opinion, if you look
2:11
Speaker 3: at what was going on a week ago or two
2:13
Speaker 3: weeks ago we were at peak euphoria. Bitcoin was at
2:15
Speaker 3: seventy thousand. Today it's down in the low fifty thousands.
2:18
Speaker 3: Nothing has changed. You continue to see bitcoin be the
2:21
Speaker 3: strongest computer network in the world. It still has hundreds
2:23
Speaker 3: of millions.
2:23
Speaker 2: Of people who hold this.
2:24
Speaker 3: It's still, if not the best debasement hedges available to
2:28
Speaker 3: us in finance, and so I think that this is
2:30
Speaker 3: a classic signal where you get this fear and panic
2:34
Speaker 3: that spreads out financial markets. People run to their accounts
2:37
Speaker 3: and they sell, but ultimately, looking at the fundamentals, nothing
2:40
Speaker 3: has changed, and so those with long term thinking end
2:43
Speaker 3: up surviving and thriving much better than those with short short,
2:46
Speaker 3: short term thinking. So, yes, the twenty five plus percent
2:49
Speaker 3: drawdown is big, but we used to see thirty and
2:51
Speaker 3: forty percent draw downs, and so actually these straw downs
2:53
Speaker 3: have become more muted than they were in past cycles.
2:57
Speaker 1: Now I would agree with pomp on a couple of things.
2:59
Speaker 1: In that is that the market does react pretty violently.
3:02
Speaker 1: I think the other thing is what was happening with
3:05
Speaker 1: the Bank of Japan and just Japan in general in
3:08
Speaker 1: terms of the carry trade. That put a lot of
3:10
Speaker 1: macro pressure. But in reality, he is right. These kind
3:14
Speaker 1: of market adjustments are pretty typical of what we've seen
3:17
Speaker 1: in crypto for quite some time. I don't think a
3:19
Speaker 1: lot of the people watching our channel, I hope we're
3:22
Speaker 1: really rattled by this much. If any, You may have
3:25
Speaker 1: been maybe instigated into going out and saying, oh R,
3:28
Speaker 1: what's out there to go in and jump into, especially
3:31
Speaker 1: if you're looking for trades that maybe you had not
3:32
Speaker 1: get a chance to get into in the past.
3:35
Speaker 2: So there's a couple of things.
3:36
Speaker 1: That could really start to catalyze or create a catalyst,
3:40
Speaker 1: I should say, around what would be the next big
3:44
Speaker 1: leg up, Because there's two things factoring in right now.
3:47
Speaker 1: Is the pressure on Powell to move rates pomp Leono
3:50
Speaker 1: talks about what happens if that comes true.
3:53
Speaker 4: Take a look the pomp fit fund futures are now
3:56
Speaker 4: all in not just for a twenty five basis point
3:59
Speaker 4: cut in September, not just a fifty basis point cut
4:02
Speaker 4: in September, but there is now a significant percentage odds
4:07
Speaker 4: that we will see a seventy five basis point cut. Now,
4:12
Speaker 4: what do you make of that? And how would crypto
4:14
Speaker 4: react if the FED were to swoop in?
4:18
Speaker 3: I think all asset prices like cheap money, and obviously
4:22
Speaker 3: the FED. One thing that they have gotten right, although
4:24
Speaker 3: it hasn't been much, but one thing they have gotten
4:26
Speaker 3: right is they have a lot of ammunition now. So
4:28
Speaker 3: if we do head into as a recessionary period, if
4:30
Speaker 3: we do start to continue to see a market draw down,
4:33
Speaker 3: they have five and a half percent rates where they
4:35
Speaker 3: can go and they can cut, and they can cut aggressively,
4:37
Speaker 3: and so I actually think that there's a chance they
4:39
Speaker 3: may do an emergency rate cut this week if we
4:42
Speaker 3: continue on the path that we're on. I don't think
4:44
Speaker 3: that it's likely, but there is a chance. And then
4:46
Speaker 3: that rate cut in September is going to continue to
4:48
Speaker 3: get deeper and deeper as the market goes down, and
4:51
Speaker 3: so the FED has the room to do it. There's
4:53
Speaker 3: an argument that they over rotated, They've stayed with higher
4:56
Speaker 3: rates for too long, and so now that they've got
4:58
Speaker 3: that ammunition on twenty twenty, they've perfected the playbook to
5:02
Speaker 3: be able to cut rates and print money. And I
5:04
Speaker 3: think we're going to head back to that regime here
5:06
Speaker 3: coming into the end of the year.
5:09
Speaker 2: Yeah.
5:09
Speaker 1: I think a couple of points that you have to
5:10
Speaker 1: look at if you look at the S and P
5:13
Speaker 1: and it's it's a pretty good bounce off the fifty
5:16
Speaker 1: one to forty four mark, so it's trading around fifty
5:18
Speaker 1: two eighty three. I think the key here no emergency
5:22
Speaker 1: rate cut. I don't anticipate any kind of movement like that.
5:24
Speaker 1: Now the question will be is could you get a
5:26
Speaker 1: fifty basis points in September. Remember that the CPI I
5:30
Speaker 1: believe comes in September, or the next jobs comes in
5:34
Speaker 1: at September eighth, which is right before the FMC, possibly
5:38
Speaker 1: seeing a potential change there if jobs come in super soft,
5:41
Speaker 1: then maybe get a fifty basis points because that would
5:44
Speaker 1: rattle the market.
5:45
Speaker 2: Again.
5:45
Speaker 1: I think that this is clearly what kind of catalyzed
5:48
Speaker 1: this around what was going on within Japan. Tying into this,
5:52
Speaker 1: those carry trades do have an impact. But I think
5:55
Speaker 1: you know he is is somewhat right in the sense
5:57
Speaker 1: that this will most likely get to a point or
6:00
Speaker 1: we'll see a lot of activity coming in to the market.
6:03
Speaker 1: Other things that are starting to move into the market
6:05
Speaker 1: of courses, the Harris campaigns VP pick. There is no
6:10
Speaker 1: clear crypto platform for Tim Walls, who is now the
6:13
Speaker 1: VP running on the Democratic ticket. He's a stickler for regulation, so.
6:18
Speaker 2: Make of that. I think that's a problem in general.
6:22
Speaker 1: I think it's important whoever she picks for vice president
6:24
Speaker 1: understands the issues. Hopefully can be a good in helping
6:27
Speaker 1: the bipartisan category. If we politicize bitcoin and crypto in
6:30
Speaker 1: this industry, it's going to get to set everything back
6:33
Speaker 1: a few decades in congres. I don't think it would
6:35
Speaker 1: go that far back, but I do believe it would
6:37
Speaker 1: slow things down. The key here right now is this
6:40
Speaker 1: is now a fairly left leaning Democratic party. The question
6:46
Speaker 1: is is how much of this affects the moderate Democrat
6:50
Speaker 1: voter and how many of those are tied into crypto,
6:53
Speaker 1: And I think this is going to be a factor
6:55
Speaker 1: that really starts to shift things right now. There's one
6:58
Speaker 1: thing I will show you guys, and that is just
7:01
Speaker 1: some of the political tracker sentiment.
7:03
Speaker 2: That we're looking at.
7:04
Speaker 1: Harris has been climbing for quite some time, but I
7:06
Speaker 1: was looking at the data this morning.
7:08
Speaker 2: It was the first dip that she took.
7:09
Speaker 1: So this of course is interesting with Walls as the selection,
7:14
Speaker 1: so I'm just kind of curious if that had any bearing.
7:18
Speaker 1: So another thing to take a look at is Harris
7:21
Speaker 1: is recruiting the former crypto advisor for her campaign. A
7:25
Speaker 1: couple of points right here, Harris taps expert David Ploof
7:30
Speaker 1: for the twenty twenty four campaign. He served as a
7:32
Speaker 1: former advisor to Alchemy Pay, a crypto payment platform, also
7:36
Speaker 1: an advisor on the campaign managed for Obama. So definitely
7:40
Speaker 1: some potential here. We'll see how that goes. We're probably
7:43
Speaker 1: going to do a video on this a little bit later.
7:45
Speaker 2: Really, what's the impact.
7:47
Speaker 1: Harris was scheduled to have a round table discussion with
7:49
Speaker 1: crypto leaders on Monday that got delayed, or remember the
7:52
Speaker 1: little rug pool she did with Senator Warren because Warren
7:54
Speaker 1: put out her statement. Of course we all saw that.
7:57
Speaker 1: Now it's pushed into Thursday, looks like so this could
8:01
Speaker 1: be a potential window for Harris to actually get in
8:04
Speaker 1: a position where she's because she has been repositioning on
8:08
Speaker 1: a lot of her policy and if she repositions on crypto,
8:12
Speaker 1: this would really put her head to head with Senator Warren,
8:15
Speaker 1: which is kind of interesting because there's no love lost
8:17
Speaker 1: there with Senator Warren, So that may be the case
8:21
Speaker 1: overall with what's happening in the upcoming scenario. Other things
8:25
Speaker 1: is you've got going out there as there's a lot
8:27
Speaker 1: of fund that will continue to I think flow into
8:31
Speaker 1: the market. This of course is talking about President Trump
8:34
Speaker 1: and raises financial stability concerns and kind of interesting statements here.
8:39
Speaker 1: But the New York reports that Trump and who in
8:41
Speaker 1: twenty nineteen dismiss bitcoin again, also changed this position. But
8:46
Speaker 1: he's a big advocate and a couple of points parallels
8:49
Speaker 1: to pass financial crisis. Remember that they're drawing parallels to
8:52
Speaker 1: two thousand and eight, not even in comparison. This just
8:55
Speaker 1: doesn't First of all, the market isn't the same, the
8:58
Speaker 1: size of the market isn't the same, The kind of
9:00
Speaker 1: impacts that this would have on the greater market isn't
9:02
Speaker 1: the same. There's so many things that is just kind
9:05
Speaker 1: of futting it out. Who warns of dangers of crypto
9:07
Speaker 1: crash were to occur in the event of crypto is
9:09
Speaker 1: fully integrated and interconnected with the banking system. Listen, this
9:13
Speaker 1: would take years, maybe a full decade to really see
9:17
Speaker 1: real uptake by the banking system, and not to speak
9:20
Speaker 1: of the amount of regulation that would start to come
9:22
Speaker 1: in on that. So just more you know, the lack
9:26
Speaker 1: of the fakestream media having real knowledge or only what's
9:29
Speaker 1: going on with crypto in general. So one thing that
9:33
Speaker 1: they do know is the influence packs of raised one
9:35
Speaker 1: hundred and seventy million. I think this is most likely
9:38
Speaker 1: well underreported in terms of where the money is really
9:42
Speaker 1: coming from. Influx of money could also be used to
9:45
Speaker 1: influence policy decision for favor to the industry. I wonder
9:48
Speaker 1: how many industries do that right now in DC, every industry.
9:53
Speaker 1: So it's an interesting one last statement here article reports
9:57
Speaker 1: of Trump's company had launched a lot of bitcoin. I
9:59
Speaker 1: mean they're reaching for here. This of course just gets
10:01
Speaker 1: into the whole scenario. And if you think about culture,
10:05
Speaker 1: and that's a very important thing in crypto, culture is
10:08
Speaker 1: super important. Why do you think you see Trump going
10:11
Speaker 1: in on you know, Aiden's podcast. I anticipate that we'll
10:16
Speaker 1: probably see Trump going in on even more of those
10:19
Speaker 1: fringe culture podcasts because he understands one thing, and that's
10:23
Speaker 1: how voters actually disseminate into the population and.
10:27
Speaker 2: What they watch, what they view.
10:29
Speaker 1: I was just looking at some data on podcasts. I
10:32
Speaker 1: was surprised at the top one thousand podcasts and the
10:35
Speaker 1: amount of audience that they control, and I think Trump
10:39
Speaker 1: might be onto something with that. So point being is
10:41
Speaker 1: that I think the New Yorker, along with other media
10:44
Speaker 1: organizations are trying to figure out how to combat this.
10:46
Speaker 1: Other things I want to hit on is another clip here.
10:49
Speaker 1: This is talking a little bit more around bitcoin and
10:52
Speaker 1: the elections coming in from Michael Saylor Tickla.
10:56
Speaker 5: You know, I think the events of bitcoin twenty twenty
10:58
Speaker 5: four in Nashville few weeks ago, we're just very catalytic
11:02
Speaker 5: and marked an inflection point for bitcoin. You had presidential candidates,
11:07
Speaker 5: you had governors, you had senators, you had House members,
11:10
Speaker 5: you had CEOs, you had billionaire investors and the audience.
11:14
Speaker 5: Senator Lummis presented a strategic Bitcoin reserve bill, and that's
11:18
Speaker 5: our Louisiana purchase moment. What happened there was the Overton
11:23
Speaker 5: windows shift. Now it's possible to discuss nation states holding
11:28
Speaker 5: bitcoin on the balance sheet, and if nation states are
11:31
Speaker 5: going to buy it, then it's reasonable for institutions, corporations,
11:34
Speaker 5: and individuals to buy it as well. So that was tremendous.
11:37
Speaker 5: What you have is two constituencies. You've got traditional finance
11:42
Speaker 5: and traditional finance operates. Nineteen percent of the time. It
11:47
Speaker 5: costs forty million dollars to take a company public. You know,
11:51
Speaker 5: there's no credit, there's no liquidity on the weekend. Bitcoin
11:55
Speaker 5: represents a different thing. It represents the twenty first century.
11:59
Speaker 5: So I think, I think the millennials are looking at
12:02
Speaker 5: the world today and they think electricity, water, elevators, the Internet.
12:07
Speaker 5: They operate one hundred percent of the time. Bitcoin operates
12:10
Speaker 5: one hundred percent of the time. Why are we stuck
12:13
Speaker 5: with twentieth century banks, money markets and capital markets that
12:17
Speaker 5: shut us down at four pm on Friday don't open
12:21
Speaker 5: up until nine thirty on Monday. You know, if we
12:23
Speaker 5: did that to your food, your water, or your air
12:25
Speaker 5: would be considered cruel and unusual punishment.
12:29
Speaker 1: All right, So Harris clear I mean, excuse me, Harris
12:32
Speaker 1: Sailor clearly bitcoin bull here. And you know he's done
12:37
Speaker 1: a lot of things, I think, right, but you look
12:39
Speaker 1: at you know, the overarching theme of crypto in general.
12:43
Speaker 1: I mean, he's also on record here saying no etf
12:46
Speaker 1: for ethereum. That of course has come to pass along
12:49
Speaker 1: with other scenarios. Now, could this play into a real
12:54
Speaker 1: potential in terms of a bitcoin strategic reserve?
12:56
Speaker 2: Sure could you know.
12:57
Speaker 1: We could we could see a big move in that direction.
13:00
Speaker 1: Well it happened soon. I still think this is some
13:03
Speaker 1: time out and I think this is the curve, especially
13:05
Speaker 1: around these bell curves of adoption that take time and
13:09
Speaker 1: then it does happen all at once. Though he is
13:11
Speaker 1: correct about that. Things that you have to watch for,
13:13
Speaker 1: of course, is where is the truth going to be
13:15
Speaker 1: coming from?
13:16
Speaker 2: Right now?
13:16
Speaker 1: You got this Tim Wall selection really upset the betting
13:21
Speaker 1: pool for polymarket. This was not one that was really
13:26
Speaker 1: in the cars, and I think this was a bit
13:27
Speaker 1: of an outsider, so a very interesting selection. Still, yet
13:32
Speaker 1: I'm not completely sure what this is going to look
13:34
Speaker 1: like in terms of policy. I think that's the bigger
13:37
Speaker 1: thing going forward. Within that, Joshapiro is out. He was
13:41
Speaker 1: kind of the favorite right now but no longer the case.
13:46
Speaker 1: And remember the odds climbed yesterday, but only at about
13:50
Speaker 1: thirty percent, so Polly Market was clearly not on point
13:53
Speaker 1: with where this goes. So interesting theme going in for sure.
13:58
Speaker 1: Other things playing into the market right now now is
14:00
Speaker 1: US ETHEREUM ETF post second largest daily inflows on global markets,
14:05
Speaker 1: especially as they start to kind of shake up a
14:07
Speaker 1: little bit, and the fact that we see ETHTF seeing
14:10
Speaker 1: positive net inflow pretty impressive in my opinion. But again,
14:14
Speaker 1: I think that gets back to the point where you
14:16
Speaker 1: have two different kind of investors. You have the traditional
14:18
Speaker 1: investor and you have the risk on investor, which is
14:22
Speaker 1: really tied in to what's happening in the crypto markets.
14:25
Speaker 1: Doesn't surprise me, James Sayferty can kind of hit on
14:28
Speaker 1: this looks pretty bad right now. Bitcoin inflows were down,
14:30
Speaker 1: but east were up, so theorem on the other hand
14:34
Speaker 1: were slightly positive. So far so likely to be a
14:36
Speaker 1: positive day with ETH inflows, which was other things to
14:39
Speaker 1: keep an eye on right here? Did you know that
14:41
Speaker 1: ETH staking the year's an all time thirty three million
14:44
Speaker 1: dollars thirty three million in each staked twenty seven point
14:48
Speaker 1: seven percent of supply. While all this is happening, those
14:51
Speaker 1: rewards just keep coming in. And I think this is
14:54
Speaker 1: the case with Saloni's Kate, with ETH and many in
14:57
Speaker 1: crypto that get a chance to see those kind of
15:00
Speaker 1: things that most traditional investors do not. This is the
15:03
Speaker 1: thing that I think cracks the dome and makes people
15:06
Speaker 1: a little bit nervous and traditional finance other things. Bitcoin
15:09
Speaker 1: signal the last buying opportunity. This is the one that
15:11
Speaker 1: I think everybody's concerned with right now, and that is
15:14
Speaker 1: was this my.
15:14
Speaker 2: Last chance at a dip?
15:16
Speaker 1: Maybe there's bitcoin or Solana at one fifteen, which you
15:19
Speaker 1: know Solana now up thirty percent on what twenty four
15:23
Speaker 1: So I think a lot of this plays into overthinking this.
15:27
Speaker 1: You know, we talked about this yesterday, some things that
15:29
Speaker 1: we were buying Salona and eath right there, but that
15:32
Speaker 1: a long term target. Sixty K analysts have pointed out
15:34
Speaker 1: chart patterns suggests it's time to accumulate, and the expert
15:38
Speaker 1: noted that the current bitcoin chart formations are reminiscent of
15:40
Speaker 1: the twenty twenty one surge following Covid crest. This was
15:43
Speaker 1: something that we saw and have seen before, and it's
15:46
Speaker 1: usually like that one last bear trap before we start
15:48
Speaker 1: to see these really heavy upcycles. A couple of things
15:51
Speaker 1: playing into this macro obviously the rate cut, also what
15:55
Speaker 1: we'll see in terms of the election, because that will
15:57
Speaker 1: get clarity and it will also give us some alignment as
15:59
Speaker 1: to what's going to happen with the cryptoregulation, which I
16:02
Speaker 1: think is a big deal for twenty twenty five. This
16:04
Speaker 1: will roll into twenty twenty five, and then does it
16:07
Speaker 1: soften as we start to see jobless start to maybe
16:10
Speaker 1: soften out, which I think will happen around November and December.
16:14
Speaker 1: So those are dates that I'm really critical right now
16:17
Speaker 1: in terms of watching. This is what surprised me is
16:19
Speaker 1: that Fear and Greed was still at seventeen.
16:22
Speaker 2: Our Fear and.
16:23
Speaker 1: Greed on our MSIs around thirty. I think twenty nine
16:27
Speaker 1: was this morning, but up a lot from what it
16:30
Speaker 1: has been overall. One thing to be aware of, we're
16:33
Speaker 1: getting ready to drop a portfolio video that's going to
16:38
Speaker 1: just on some projects that could be potentially potentially on
16:41
Speaker 1: the move for August and September, So be on the
16:44
Speaker 1: lookout for that video. And then we have a companion
16:47
Speaker 1: video to that one that most likely will make it
16:49
Speaker 1: out tomorrow morning. So make sure and subscribe to the
16:51
Speaker 1: channel if you're not already in the channel right now,
16:54
Speaker 1: and hit that little bell for these kind of live streams.
16:57
Speaker 1: We always love to get feedback from you guys. Always
17:01
Speaker 1: vote on the on the poll today as well, we'll
17:03
Speaker 1: try to kind of mention on that markets blow up.
17:06
Speaker 1: So the best prep is to have a plan to
17:08
Speaker 1: buy fear and sell euphoria. This is a veteran trader
17:11
Speaker 1: talking about this. I think most of the people that
17:15
Speaker 1: watch our channel, I hope probably we're not rattled by
17:18
Speaker 1: this much. Sure, it's a concern because you're always concerned
17:21
Speaker 1: about how Japan is going to do things on readdressing.
17:24
Speaker 1: You're also concerned about the political tensions that are happening
17:28
Speaker 1: in the Middle East and the jobless numbers. Still, all
17:33
Speaker 1: of this could play into a factor going forward. But
17:35
Speaker 1: I think there's liquidity starting to reshift into other scenarios
17:40
Speaker 1: that play into some of these financial markets. So big
17:43
Speaker 1: stuff happening for sure. A couple of points I do
17:46
Speaker 1: want to get to. There was a lot on this
17:48
Speaker 1: article that is a good one over from coin Telegraph
17:52
Speaker 1: talking about this, but you guys can take a look
17:55
Speaker 1: at that.
17:55
Speaker 2: We're going to kind of move along here. I want
17:57
Speaker 2: to jump over.
17:58
Speaker 1: Also, Ripple has another update right here which is announcing
18:03
Speaker 1: their stable coin r l USD. Could be good big
18:06
Speaker 1: news for XRP in general. We've talked about this, we
18:09
Speaker 1: did a full video on it if you guys want
18:10
Speaker 1: to go check it out. But point being is, could
18:14
Speaker 1: this be remember Ripple Swell coming in I think in
18:16
Speaker 1: October here in Miami. That'll be an interesting event because
18:19
Speaker 1: there could be some huge implications again right before the elections,
18:25
Speaker 1: So a lot of timing here getting into some pretty
18:28
Speaker 1: good stuff. A quick look at the charts right here,
18:31
Speaker 1: and I'll jump over to bitcoin because I think everybody's
18:35
Speaker 1: been seeing this balance come up. I'm on the daily
18:37
Speaker 1: right here, which is pretty good. Look not too bad
18:41
Speaker 1: in the overall money flow coming back in a little
18:43
Speaker 1: bit on the daily you know right now, sentiment is
18:47
Speaker 1: holding up. This is our MSI two point zero indicator.
18:50
Speaker 1: Looks like we may start to print a little bit
18:52
Speaker 1: of an uptrend here on volume though is still a
18:56
Speaker 1: little bit low, so this may go sideways for a bit.
18:58
Speaker 1: If you take a look at Salon, Huh, this is one.
19:01
Speaker 1: If I go to the four hour, this is where
19:02
Speaker 1: it really shows up right here on Solana. Solana is
19:06
Speaker 1: starting to move and also printing some positive movement on sentiment. Uh,
19:11
Speaker 1: the overall average above what I would consider as a
19:14
Speaker 1: key indicator, and also volume sentiment. Also money flow is
19:17
Speaker 1: starting to eke back in, so we might see a
19:19
Speaker 1: move here on Solona. Let's go over to the poll.
19:22
Speaker 1: Real quick take a look what everybody's saying, and what
19:25
Speaker 1: do you guys think? All right, did crypto bottom Yes,
19:27
Speaker 1: it's over forty two percent. No, it's a fake out
19:31
Speaker 1: thirty percent.
19:32
Speaker 2: So basically fifty.
19:33
Speaker 1: Eight percent of you are in the unsure camp. I
19:38
Speaker 1: like the fact how many votes were on that.
19:40
Speaker 2: Go back to that.
19:40
Speaker 1: I just want to see the numbers. It's a six
19:43
Speaker 1: forty five, I'm bad. Forty two percent. Those are the
19:47
Speaker 1: crypto faithful. Yeah, most likely that forty two percent was
19:50
Speaker 1: probably buying Solana. Uh, maybe a handful of other tokens
19:54
Speaker 1: out there, a lot of big movement out there, the
19:56
Speaker 1: big numbers in double digit Render made a nice move
20:00
Speaker 1: here up fifteen percent, almost sixteen on the day you
20:04
Speaker 1: had a handful of tokens that were in the double digits.
20:07
Speaker 2: Prime was up. What else did we see in the
20:10
Speaker 2: loose stuff? Bonk was up? Of course almost fifteen.
20:15
Speaker 1: There's a fin. We just did a big video on
20:17
Speaker 1: this one. Make sure and check that video on the project.
20:20
Speaker 1: So check it all out, all right. If you guys
20:22
Speaker 1: are not in the diamond circle, make sure and get
20:25
Speaker 1: in right now. It's a great place to get additional
20:26
Speaker 1: content from us. We do additional videos Over there, we
20:30
Speaker 1: have more podcasts, all sorts of good stuff, as well
20:32
Speaker 1: as our community, So all you have to do is
20:34
Speaker 1: click the link down below or catch me out there
20:36
Speaker 1: on x at Paul Baron. We'll catch you next time
20:39
Speaker 1: right here on Techpath