Latest / Panic Drop Podcast / Su 25/10 | Daily Crypto & Macro News

Transcript

Su 25/10 | Daily Crypto & Macro News · Panic Drop Podcast

• 0:02
  SPEAKER_01: Happy Sunday all, and welcome back to the Panic Drop podcast.
• 0:06
  SPEAKER_01: Saturday was not a quiet weekend for crypto.
• 0:09
  SPEAKER_01: Bitcoin slipped under $80,000 and in just one hour,
• 0:11
  SPEAKER_01: $261 million in long positions got wiped out,
• 0:17
  SPEAKER_01: With more than 180,000 traders liquidated over the full day.
• 0:22
  SPEAKER_01: Right now Bitcoin is back around 80,800,
• 0:25
  SPEAKER_01: basically flat on the day, so the leverage got flushed and price is holding.
• 0:31
  SPEAKER_01: ETF issuers sold a Another $138 million worth of Bitcoin, but here is the part I like.
• 0:38
  SPEAKER_01: Bitcoin's realized cap keeps climbing,
• 0:40
  SPEAKER_01: which tells you fresh capital is still flowing in,
• 0:44
  SPEAKER_01: and historically that has lined up with the start of a new bull market.
• 0:48
  SPEAKER_01: Smart Money seems to agree,
• 0:50
  SPEAKER_01: because Cardone Capital scooped up 16 Bitcoin on the dip
• 0:54
  SPEAKER_01: and CMCC Global is launching two tokenized Bitcoin funds,
• 0:59
  SPEAKER_01: one of them targeting 8-12% a year paid
• 1:03
  SPEAKER_01: And of course,
• 1:04
  SPEAKER_01: Peter Schiff is calling for 75,000 and a very long weekend for Bitcoiners,
• 1:09
  SPEAKER_01: which, let's be honest, is a tradition at this point.
• 1:12
  SPEAKER_01: Over in stocks,
• 1:13
  SPEAKER_01: Meta's free cash flow turned negative for the first time as it It pours billions
• 1:19
  SPEAKER_01: into AI and the stock is down 8% since earnings.
• 1:23
  SPEAKER_01: Buckle up because next week is huge.
• 1:26
  SPEAKER_01: With Visa,
• 1:27
  SPEAKER_01: PayPal and Robinhood on Tuesday,
• 1:29
  SPEAKER_01: Alphabet,
• 1:30
  SPEAKER_01: Microsoft and ServiceNow on Wednesday,
• 1:32
  SPEAKER_01: And Amazon, Coinbase, Mastercard and Eli Lilly on Thursday.
• 1:37
  SPEAKER_01: And one stat to keep in your back pocket.
• 1:40
  SPEAKER_01: Since 1942,
• 1:41
  SPEAKER_01: the S&P 500 has gone up in every single November to June stretch after
• 1:46
  SPEAKER_01: a midterm election.
• 1:47
  SPEAKER_01: With an average gain of 16.6%.
• 1:52
  SPEAKER_01: Now to altcoins.
• 1:53
  SPEAKER_01: Ethereum is around 2,365 after briefly dipping under 2,350
• 2:01
  SPEAKER_01: while prediction market traders still see it reaching 3,210 this year.
• 2:06
  SPEAKER_01: Arthur Hayes on the other hand says he dumped it all taking profits on Ethereum and
• 2:11
  SPEAKER_01: a bunch of other altcoins.
• 2:13
  SPEAKER_01: Solana briefly lost $100 before bouncing to around $102 and XRP is back above $1.30.
• 2:22
  SPEAKER_01: Utexo is bringing bridged USDT to Bitcoin with a public launch planned for November 28th.
• 2:29
  SPEAKER_01: And on the trading app FOMO,
• 2:31
  SPEAKER_01: Frank de Gods just took the number one all-time profit spot from Bonk Guy,
• 2:35
  SPEAKER_01: who shared a great lesson after an eight-figure loss.
• 2:39
  SPEAKER_01: In quiet markets, the best trade is often no trade at all.
• 2:43
  SPEAKER_01: That is it for today.
• 2:45
  SPEAKER_01: If you enjoyed this, make sure to follow me and tune in again tomorrow.
• 2:49
  SPEAKER_01: Enjoy your Sunday.
• 2:51
  SPEAKER_00: It's where we find the truth.
• 2:54
  SPEAKER_00: Listen to
• 2:55
  [music]