WEBVTT
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Just a warm welcome and officially kicking things off for all the CMC family out there.
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Warm welcome to all of you that are listening to us on this beautiful Monday, no matter where you are, maybe nighttime for you, finishing up, wrapping up the day, maybe starting off the day right now.
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So for all the the gents, the farmers, the haulers, the day traders, like you are now listening and potentially watching if you're on X, for example, or on CMC looking at your screen.
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You are also watching the weekly crypto forecast by CoinMarketCap.
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I'm your host, Gabriel Zani, and you know me.
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Uh, and together with me, as usual, Alice, CMC's research lead.
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Alice, I know I've asked you this offline already, but now in recording, like, how are you doing?
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Yeah, I'm good.
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I'm doing well.
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How are you?
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I'm doing good as well.
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I think I have a good weekend, like family stuff, like taking my head out of the markets for a little bit.
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Not a lot happened, so I didn't miss too much.
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And I was glued to the market like from Monday to basically Saturday.
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So Sunday just like a day off for me to get going and things.
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But I'll be honest with you, Alice.
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The NFL season is back, college season has been back for two weeks now.
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And just like football is back at the end of the day, right?
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And this is kind of like one of the things that I do like to watch.
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I don't know if we have a lot of football watchers here, but definitely like good time, good time season is going and not necessarily the best for my team, but I'm not getting into that.
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And I think I just wanted to let people know that they can get and catch us actually every single Monday here on the CMC app.
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Just download it, go to your app store there.
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No matter if it's the Play Store on Android or App Store on Google or on iOS, but you go there, download CMC app, turn on the notifications, and you will we will let you know as soon as we go live here.
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And in case you miss anything, make sure two things first, you check CMC Live Hub here on web or app, doesn't matter.
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You can check all previous episodes and replay them, or you can also go to Spotify, Apple Podcasts to replay them.
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I mean, on the go, no matter if you're commuting, walking the dog, working out, whatever it is, you can be on top of every single crypto news.
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Alice, let's kick things off now.
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You mentioned about a couple tokens, you mentioned a little bit about Bitcoin, but we want to know how bullish or bearish are you feeling heading into this week.
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Yeah, so this week is starting not too bad for us because as we speak, the total market cap for crypto is at 2.66 trillion USD.
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That is up 1.2% for the past 24 hours.
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The volume, though, is on the quieter side.
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We're now only 67 billion USD for the past 24 hours.
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BTC dominance has uh rised up a little bit at 59.1%, ether similar stayed the same, 11.5 percent.
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CMC CryptoFair and Great Index has been trimming back right now.
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As you can see on your screen, um, it's now giving about 69.
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So we are still in grade, but gradually getting out of the green zone.
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We're going back to neutral.
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And you ask why was the reason?
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Because Bitcoin right now is at 78,463, and we are seeing a quieter activities across the altcoins now as well, compared with the two weeks ago.
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So, altcoin season index.
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Um, you can see on uh CMC screen, it's 39 out of 100 for CMC altcoin season.
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So last week we saw a huge pump of privacy sector, of meme coins, um, of some of the DeFi sectors.
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And on your screen right now, you can see Gap is showing you we still have quite a few tokens outperforming, but we are definitely seeing a bit of a quieter compared activity compared with last week.
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So this week, majority of the coins outperforming are still staying within the DeFi sector.
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Okay, so we go back to CMC's homepage and catch up some um catch up on some mean price actions.
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On CMC's homepage right now, I can see uh Bitcoin at 78,406 USD, flat around 1% down for the past seven days.
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Ether maintaining above 2.5k at 2,502, roughly flat as well.
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And then we have BMB has had a bit of a correction at 721 USD, XRP flat at 1.39, and then Solana is still above 100 at 101.6.
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And uh if we rank it by 70 performance on this page, you'll see some interesting activities because last week, when I was ranking it with you guys on here, it was printing 80 and 90 percent.
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But this week you can see leaving the pack is only 24 uplift from uh Venice token VVV.
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That's part of the privacy narrative that is thus to driving the market growth, and then leading it is radium as well as number two up 18.5%, right now at 1.39, file coin, ether 5, VeiChain, all printed something around uh 10 to 14 percent uplift.
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So if you just roughly take a look at this list, you can see majority of them, if not 80 to 90 percent, are DeFi tokens.
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So we can see privacy quieting down a little bit, meme coins trimming back, and we are back to the DeFi season.
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Um, so I hope some of you guys have catched up on some of these trends.
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And uh, as Geb and I mentioned at the beginning, it's gonna be quite an uncharted territory week for this week, together with a lot of macro stuff, with a lot of news update, with the uncertainty globally as well.
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Yeah, Alison, as you were speaking, I think there are two things that I want to mention.
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One is of course related to the revamped home screen of CoinMarketCap, where you now can see fear and greed, altcoin season.
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I mean, right when you come here.
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I'm talking, of course, about the web version, but in app, it's absolutely no difference.
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You guys can check for yourself, and you have also some very interesting uh derivatives data here, talking about liquidations, long and shorts, open interest.
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You can get grab all that just by checking the home screen.
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And if you want more in-depth data, you can also check just by clicking here, and you'll be taken into the derivatives markets page where you have like the overview, you have funding rates, you have liquidations, like just a lot of data, guys, a lot of data for you to basically understand what is going on in the market and how to better position yourself.
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But Alice, there is something else while you were speaking about hey, this is the sectors that pump it lately, like it's memes, it's privacy, etc.
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And I do remember, and it's not been long ago, uh, when we were here, me and you on the same live, just a couple months back.
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And for the ones that are listening to us for a long time, they know about it, right?
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We've mentioned, do you remember, Alice, when Zcash like went through all that FUD and stuff because people were minting tokens and all that kind of thing, and like, hey, Zcash is going to zero, a lot of people getting liquidated.
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Do you remember that time?
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It's not long ago, right?
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And I do remember that me and you we were talking about it, and we were like, guys, um, it's interesting because by the time that we were talking, Zcash had already bounced back a little bit, and we were discussing exactly that like, hey, is it going to zero?
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Doesn't seem like so.
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This is potentially just a bad episode that happens with a lot of different projects and a lot of different tokens, but that can actually strengthen this project in the long term.
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And Alice, if you look at Zcash's price right now, it's hitting at 1.1k.
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By the time that we were having that discussion, and if I just open it here, it was trading, if I'm not mistaken.
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Like Alice, probably close to the 200s, 200s, right?
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I do if I'm not too crazy, I do remember that.
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Like we were talking about probably right here, like 380 or something like that, or even the FUD, like as you can see, there is like actually um a couple of interesting things here on CMC chart that you can actually check the mass resignation that happened, and all those things that happened with Zcash.
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So right to see that, but it was an opportunity for everyone that bought at that time, more than 2x from right now.
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Does it still have upside?
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I honestly have no idea, guys.
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Maybe you're just being exit liquidity if you buy here, maybe not.
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I don't know.
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If you look at all time, of course, Zcash has been, I mean, uh in town for a long time, so there's a lot of price history.
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If you look at the charts, it's not great at the end of the day.
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Uh, but if you look at just like the last year, the last month, and so you'll be definitely glad to be bought to have bought that um actually 30 days ago, for example.
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So this is just another event that happens in crypto that helps you to create scars, even if you didn't went through it.
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Let's say people that are listening right now, you didn't have Zcash by that time, but you saw everything unfolding in front of your eyes.
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So now you know whenever this happened with another token in the future, you stop and you think, hey, uh, is this token resilient enough to keep going?
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Is this just an event that is going to make it even stronger in the near future and in the long run?
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Or is this something that is going to completely demolish this price and it's heading to zero?
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You make that evaluation on your own, and then you start to make decisions on, like, oh, this is an opportunity, or na na na.
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If I buy, I am exec liquidity, so I'm not touching that.
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So, this is the kind of thing that can help you learn on how to position yourself in the crypto space.
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Just my two cents for the people listening to us that I think are very, very valuable.
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Alice, I don't know.
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Um, I said to you this before, unfortunately, I did not enter that trade.
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So, but uh besides talking about it here, uh, I don't know if you did, but definitely the ones who did are very happy about it.
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Yeah, I think some of uh some some people around me caught up on that.
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I think they're very, very lucky, but also I don't think they have exited at the top because last week was the high, high like week for Zcash when it printed 1200 something.
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It was like, whoa, the highest since 2016.
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But like sometimes you're just gonna make a good balance in terms of when to exit and bank the bank the profit as well.
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So, yeah.
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Yeah, interesting just to see that unfolding.
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I think something we called.
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Um, we said, hey, keep an eye on this, this may happen, and I mean, ended up unfolding exactly like that.
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So just sharing with the people, this is learning, right?
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While you're in crypto, even if you're not invested in some stuff, you definitely need to keep an eye open to learn from what happens.
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Because, as in every single aspect of life, history doesn't repeat itself, but it rhymes.
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So, if you know and if you see something before you potentially can learn from that and take the best, um, I mean, take advantage of that in the future.
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That's the reality.
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So, those are my two cents, Alice.
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And I think with that, we can actually jump into some other news that you have.
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I know you have some top-ups, some very big stuff to share with us.
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A lot of people write in the live chat talking about Clarity Act, which I know you mentioned.
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So let's start unpacking all that.
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Yeah, that's the number one topic for this week.
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When I open the like open my daily notes and all the meeting notes today in marketing team, we're all discussing about Clarity Act.
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What are we gonna do this week?
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So, why is it so important and what's going on and what's gonna happen?
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15th of September.
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Uh, this is gonna be the timeline for uh Senate Republic the so for Senate to vote on what's next for Clarity Act, right?
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So the headline here is Trump, President Trump, signs off on Clarity Act uh ethics deal, clearing the way for Tuesday's Senate vote.
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So Senate Republicans uh released a revised Clarity Act text over the weekend and explicitly labeled it their last, quote unquote, last best and final offer to Democrats.
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So it runs 635 pages long and incorporates 126 changes Democrats asked for.
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So, such as, you know, the headline and concession being ethics restriction that covers president himself, his family, other elected officials, and federal judges, with state attorney general given enforcement authority.
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So Trump reportedly met advisors on Friday and has now agreed to those provisions.
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There's also a stable coins, almost like a circ circuit breaker, if you like, written in there to protect community banks as well.
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So all this effort is put in place trying to get Clarity Act over the line.
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Um, so the closure vote is scheduled for Tuesday, 15th of September, and it needs 60 votes to proceed.
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Why does this matter, you might ask?
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Because this is the market structure bill.
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And uh a lot of the uh people senate, for example, are having their opinion out to say now or never, because this will be the one that decides which agency regulates what, and it is the piece that uh Genius Act deliberately left unfinished for stablecoins.
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So basically it's the final and big piece of jigsaw for this current line of crypto regulation in the US.
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And then we are seeing a lot of people coming out with very important statements.
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Um, for example, we have seen uh this morning that A16Z crypto fund, they said that if the US fails to pass the Clarity Act, the next FTX style collapse could be even worse.
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So this is coming from Miles Jennings, he is the head of uh policy and regulation at A16Z, uh, written that US Senate could uh they should push the Studio Asset Market Clarity Act through to passage.
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And then said, because, you know, as we mentioned, why this is so important, because it's a structural bill, the segregation of customer assets, custody disclosure, um, those are not complicated ones and those should be passed and regulated.
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So the statement is saying basically trying to get better structural restrictions and structural um rules in place for this market and the team players.
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So I guess now let's look at the reality of how things are looking because on prediction markets, right now it's still pricing around uh 20-ish percent, depends on which pool you're looking at, possibility of passing.
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But remember earlier this year it was almost at 48%.
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So it was almost half half, but now the market is turning back to say it's a maybe.
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But what's really interesting is it's not just that.
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I was looking at the open interest this morning and Bitcoin's price, of course.
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We we know 78 is not the best, but it's also not the lowest.
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So it seems like the market is not too worried about Clarity Act not being passed because we're already uh trying to press in the worst case scenario.
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So I think the okay, so the the bad news is maybe it won't be passed this time.
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The good news is the market is ready for the worst news.
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So I guess uh that's a half-half um uh gap.
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That's uh the main topic and discussion for this week.
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Yeah, I mean, I see people already commenting here in the live chat once more about it.
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We have Watcher Group in it post here.
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We have Al Jaboon also talking about this.
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Like the Clarity Act is like clearly uh the main thing, the main topic of discussion.
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We also do have on today's uh community here a topic about the Clarity Act, just because what Trump recently did um in terms of like the addicts part of things and just um kind of like being okay with that actually help it to jump a little bit the odds on the Clarity Act to get approved.
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And I think for uh right now, I think it's it's close to 32%.
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At least it was like that when I laid latest uh last check it.
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Um regardless, um, it's something that is going to affect crypto, and a lot of people feel bullish about it.
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But uh one thing that you guys need to have in mind is that it may no matter if it happens or not, when it happens, um, if it gets approved or rejected, it may be already priced in.
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So this is uh for everyone listening, don't necessarily wait on that to oh, now that it happened, the market's going to pump or dump, whatever.
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No, just like by that time, it should be priced in.
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It should, as I said, it's not necessarily it's going to be like that, but that's uh the reality of most events like this.
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There are a lot of insiders, a lot of people that know exactly how this is going to take place.
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Um, and uh we are just watching from the sidelines, so it's hard to try to um to play those games.
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I think that's the that's the key point on this, and I think people need to be aware of that.
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It's very hard for you to try to make a good trade on it, regardless.
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Always important to keep a track for everything that happens.
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Uh Alice, another important thing to track is uh everything related to, of course, Elon Musk, Sam Outman, AI, and how all the developments on that side affect crypto.
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Because we know, for example, that a lot of liquidity, and when I mean liquidity, I mean cash, I mean money.
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Like a lot of people that were investing in crypto are now looking at the AI sector and kind of like shifting their money from A to B, right?
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Um, so always good to have an eye on that market.
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And how is everything unfolding on that?
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Because I do remember there was something between Musk and Altman, and like you also have this AI bubble, let's say, growing and growing.
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What is the status of everything around there?
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It is a very busy weekend and last week indeed.
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Remember when the employees from Anthropic, OpenAI, like all quitting gradually and saying, quoting like basically, uh, we should stop this thing.
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This is getting so scary, it's none of my business.
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I'm getting out.
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That type of tweets got so much traction last week on X.
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So, what is happening right now is this huge debate of whether we should slow down the AI race or not.
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People seem to have different opinions, and also um, it's not just opinions, huh?
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It's impacting the stock market bigly because right now, even as we speak, we're seeing like a huge correction on uh on uh Nasdaq at the moment.
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It's almost down 1% already.
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Um, and then also not just that, you know, because uh tech takes such a big portion of FN uh SP 500 at the moment as well.
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So it is having a big impact on the market and just sending further um volatility across the different asset classes as well.
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So, what is happening?
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Why the debate?
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Because let's start from the beginning.
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Anthropis CEO Dario Among the He called for AI slowdown.
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And Musk, Elon Musk, and Sam Altman actually agreed with him on this.
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So this is very rare to say all of them agree on one thing.
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But as the most development, uh most recent development this morning, that we might have two uh sides of the argument now.
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We have, you know, the the top three CEOs on one side and Wall Street and Trump on the other side, saying no slowdown, please.
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So what is happening?
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Because uh anthropic CEO Dario, he called publicly for the frontier AI race to slow down on safety grounds.
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And remark remarkably, as we mentioned, Elon Musk and OpenAI Sam Altman lined up behind him as well.
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So Altman separately warned that humanity could, quote unquote, lose control of the future to AI.
00:19:29.119 --> 00:19:36.799
So this post alone drew over uh 2.6 uh thousand likes on X and very quickly took off.
00:19:36.960 --> 00:19:48.960
And Microsoft also published a provisional AI code for conduct pledging to keep its system under human control and has set limits on how powerful the future models can become.
00:19:49.119 --> 00:19:54.319
Nvidia, Palantir are reported to be limiting their use of anthropics models as well.
00:19:54.559 --> 00:20:04.640
President Trump, per the FT, reported that has rejected the tech boss's call upright, and US tech stocks fail on the news.
00:20:04.799 --> 00:20:08.160
And because, to be honest, it's a very difficult decision to make.
00:20:08.400 --> 00:20:16.319
On one side, yes, uh, there are security concerns that we've seen with some of the misbehaving of the AI models.
00:20:16.480 --> 00:20:26.000
It's not just the model themselves, I think it's to do with the people using them as well, that it's posting threats on society for especially for some sensitive industries.
00:20:26.160 --> 00:20:27.119
That's one thing.
00:20:27.279 --> 00:20:31.200
That's why some of the tech big CEOs are calling it to slow down.
00:20:31.519 --> 00:20:34.559
But on the other side, do you really have a choice?
00:20:34.799 --> 00:20:39.279
Because people describe this as a all or nothing race, right?
00:20:39.359 --> 00:20:42.960
You have all the big models, not just in the US, competing with themselves.
00:20:43.119 --> 00:20:47.200
You have some models in China as well that are growing really fast.
00:20:47.519 --> 00:20:51.680
At this point, it's not just, oh, can we slow down or not?
00:20:51.839 --> 00:20:58.480
Whether the the race is so close, one little misstep is gonna ruin the entire marathon.
00:20:58.720 --> 00:21:02.079
So we're coming to this point where it's very sensitive.
00:21:02.240 --> 00:21:08.160
Of course, Wall Street and Trump are saying no, full speed, you know, going front.
00:21:08.319 --> 00:21:15.200
But then on the tech side, they do have to bear the costs of some of this uh misalignments as well.
00:21:15.359 --> 00:21:17.759
So I think that's why it's a bit tricky.
00:21:17.839 --> 00:21:21.200
But then you guys ask, why does it matter for crypto show?
00:21:21.599 --> 00:21:22.400
Okay, okay.
00:21:22.559 --> 00:21:24.400
So two reasons why I included this.
00:21:24.559 --> 00:21:29.119
First, because the AI trade is the marginal buyer of risk right now, right?
00:21:29.200 --> 00:21:33.519
So if the AI CapEx story cracks, crypto is downstream of that.
00:21:33.680 --> 00:21:48.799
So Arthur Hay, for example, he made exactly this argument last week, saying that the AI industry is entering a phase of capital misallocation with money pouring into data centers and that the eventual onwind benefits Bitcoin and gold.
00:21:49.039 --> 00:21:54.960
Remember, guys, since the AI stock started to pump, we saw liquidity drawing up in crypto.
00:21:55.039 --> 00:21:59.839
And especially now, crypto, crypto, crypto are competing with tokenized stock.
00:22:00.160 --> 00:22:01.920
Stocks for liquidity as well.
00:22:02.079 --> 00:22:09.279
So maybe some of this cooldown on the AI step side can potentially bring the attention and capital back into crypto.
00:22:09.359 --> 00:22:10.640
So that's one of the reasons.
00:22:10.799 --> 00:22:13.200
If that's true, then it's bullish for us.
00:22:13.359 --> 00:22:18.880
But also remember, we do have some correlation with AI stocks as well.
00:22:18.960 --> 00:22:27.759
So let's see if NVIDIA's stock and all these AI stocks, especially, you know, the pre-IPO potentially for open air and anthropic this year.
00:22:28.079 --> 00:22:29.440
Is that gonna happen or not?
00:22:29.599 --> 00:22:32.480
We have to keep an eye on that.
00:22:32.720 --> 00:22:42.160
Um, so yeah, so that's the main reason why we definitely need to pay more attention to this and see whether we can expect that capital rotation back into crypto.
00:22:42.480 --> 00:22:44.720
Hopefully it happens, Alice, at some point.
00:22:44.799 --> 00:22:51.200
I think that's what what all the 8K plus people that are listening to us are waiting for, to be very honest with you.
00:22:51.359 --> 00:22:53.599
Like uh we love AI, we use AI, right?
00:22:53.680 --> 00:22:54.480
Every single day.
00:22:54.559 --> 00:23:10.319
Um, I think that I would guess 100%, but at least 90 whatever percent of the people listening to us use it every day, like are involved with that somehow, somehow, are building stuff or just like do something for um, I mean, make their jobs easier or better or whatever.
00:23:10.480 --> 00:23:15.200
And um, we understand the importance of that, but the reality is that we need that money back in crypto.
00:23:15.279 --> 00:23:45.119
So please, I mean, get get back to us because I also think, I mean, just looking at it rationally, um, and it's it's very similar to a lot of things in the market, and I think it's a discussion that um economists have been trying to have and trying to define this, like from I don't know, it's one of the older discussions in economy, I think, which is what actually brings value to something and well, how is value actually uh I mean evaluated, like and how you can actually attribute value to something or this and that.
00:23:45.279 --> 00:23:46.960
So we call bubbles, right?
00:23:47.039 --> 00:23:50.960
We we talk about this as a bubble, oh the AI bubble, as the dot-com bubble, etc.
00:23:51.200 --> 00:23:52.559
But like, is it a bubble?
00:23:52.640 --> 00:23:54.160
Like, how big can this market be?
00:23:54.480 --> 00:23:56.319
Uh, if everyone uses it.
00:23:56.559 --> 00:24:03.039
So there are some irrational points behind it, but at the same time, some that make absolutely no sense.
00:24:03.200 --> 00:24:04.160
So it's very hard.
00:24:04.240 --> 00:24:10.240
That's the reality for us to make any kind of assumptions, and there is a lot of smart people that are involved on that.
00:24:10.400 --> 00:24:12.559
So, regardless, keeping an eye on it.
00:24:12.640 --> 00:24:18.079
Hopefully, that money comes back, and through that, we actually have a really, really good bull market for crypto.
00:24:18.160 --> 00:24:26.960
Because I'll tell you one thing I think the people that are investing in AI at the moment are not necessarily like fans of like AIX or AIZ or this and that.
00:24:27.119 --> 00:24:33.920
So I think that as money and as capital rotates, they will rotate with it, and crypto is kind of like right there for them to grab.
00:24:34.079 --> 00:24:35.519
So I don't think they will be afraid of that.
00:24:35.680 --> 00:24:39.599
It's as risky as anything else right now that we have ETFs and all that.
00:24:39.680 --> 00:24:44.880
It's just like the risk is not that different, in my opinion, at least uh when I think from their perspectives.
00:24:45.039 --> 00:24:46.960
So let's see, let's wait and see.
00:24:47.119 --> 00:24:50.559
Put that aside, I think there are a lot of other things that affect the markets.
00:24:50.640 --> 00:24:56.640
One of them is, of course, central banks and how they, I mean, just change the interest rates and everything related to it.
00:24:56.720 --> 00:25:01.920
Like, you know, when you talk about inflation, how they defend inflation, how they push inflation here and there, etc.
00:25:02.079 --> 00:25:03.839
Like all those macro factors.
00:25:04.000 --> 00:25:11.119
And I know there are a lot of things that happen with central banks across the globe that you want to cover, and specifically also some stuff happening with the UK, right?
00:25:11.200 --> 00:25:18.960
So please go ahead and cover that for us because it affects not just that's the thing about big markets, big local economies, such as the US.
00:25:19.119 --> 00:25:23.680
It does not affect only the local economy, it goes the effect goes a little bit beyond that.
00:25:23.839 --> 00:25:30.720
So, I mean, enlighten us on what is happening and why should we be bullish or bearish on what's going on with some central banks?
00:25:30.880 --> 00:25:38.079
Yeah, I've also never seen a week full of major central bank movements like this, huh?
00:25:38.240 --> 00:25:46.079
We've been watching this for years, but so many first time things, blah blah coming up this year, at least this week.
00:25:46.240 --> 00:25:47.519
So, what's going on?
00:25:47.839 --> 00:25:57.759
Three central banks this week, and the 10-year US Treasury yield is at 5%, which is scary, very scary.
00:25:57.839 --> 00:25:59.039
And let me tell you why.
00:25:59.200 --> 00:26:00.799
And let me tell you what this is.
00:26:00.960 --> 00:26:06.480
Because the the US 10-year treasury yield has hit 5% for the first time since 2023.
00:26:06.799 --> 00:26:12.400
Following the inflation shock, um, and FT traced this back to the Iran war.
00:26:12.640 --> 00:26:23.839
Um, and Goldman, and because of this, uh US, because you have to remember, like US Treasury, uh, 10-year treasury is the baseline for a lot of things in financial markets, right?
00:26:24.000 --> 00:26:29.440
A lot of, for example, even in crypto, stablecoin strategies, all this like our basis trades, all that.
00:26:29.599 --> 00:26:32.319
This is the fundamental of the credit market.
00:26:32.720 --> 00:26:42.400
So because this hit 5% is such a high level and different to 2020, 2023, because 2023, the inflation is not this high.
00:26:42.559 --> 00:26:43.920
We didn't have a war back then.
00:26:44.000 --> 00:26:57.359
Like we had a bit of US uh sorry, the bit of uh Russian um Ukraine uh conflicts, but uh but at the time, some of the major global economies were not so involved as this time.
00:26:57.599 --> 00:27:01.839
And back then, the we didn't have the AI threat of job losses.
00:27:02.000 --> 00:27:04.960
We didn't have a lot of other problems that we have right now.
00:27:05.119 --> 00:27:13.680
So if this happened back then, we have a way to control, but if this happens now, do central banks actually have a solution?
00:27:13.920 --> 00:27:25.519
And we are seeing indeed that they started to panic and they panic and doing the only thing they can do is potentially gonna make the market worse, and nothing else would work.
00:27:25.759 --> 00:27:26.799
So why?
00:27:27.119 --> 00:27:34.000
Goldman Sachs, they ret they retraced its no-hike forecast and joined the other major banks.
00:27:34.079 --> 00:27:45.039
So we are talking about CME FedWatch has markets pricing roughly an 87% possibility, okay, of a 25-bips hike on Wednesday.
00:27:45.119 --> 00:27:47.680
So coming up this week, we are gonna see that decision.
00:27:47.839 --> 00:27:56.640
And on top of that, the Bank of Japan is expected to take rates to 1.25%, the highest since 1995.
00:27:56.880 --> 00:28:12.640
There's something so special about the Japanese market because that's the underlying liquidity for the global markets because back then of this low interest rate in Japan, and then a lot of the derivatives trading are able to do the ARB in that market.
00:28:12.720 --> 00:28:18.160
So that fundamentally pumps the liquidity globally in the financial markets.
00:28:18.319 --> 00:28:29.680
So what is happening now is uh because the Japan uh effects has been growing to a point where all this, a lot of this arbitrage opportunities have no longer existed.
00:28:29.839 --> 00:28:37.519
Now, for the past few weeks, the US and the uh Bank of Japan, BOG, have worked so closely together trying to control that.
00:28:37.680 --> 00:28:40.960
And yet all of this effort is undone now.
00:28:41.119 --> 00:28:49.119
Basically, all this money that US has chucked in for the past few weeks, trying to solve this by taking out more debt as well, is not working.
00:28:49.279 --> 00:28:55.599
So Bank of Japan is likely to raise the interest, uh raise the again highest since 1995.
00:28:55.839 --> 00:29:08.799
And plus, there's already controversy of you know, you as the US Treasury Secretary trying to impact the uh decision of another country, of another sovereign, of another central bank.
00:29:09.039 --> 00:29:15.680
Um, because uh, yeah, so even with those controversies, you still can't get this done, you still can't get this under management.
00:29:15.839 --> 00:29:17.920
So maybe we have some some issue now.
00:29:18.079 --> 00:29:23.200
On top of that, the third central bank joining the table this week is Bank of England.
00:29:23.359 --> 00:29:31.359
They are good news, is they are expected to hold the rate, but they're likely to signal a possible race later in the year as well.
00:29:31.519 --> 00:29:35.519
So this year, we're gonna see Bank of Japan FX Challenge.
00:29:35.599 --> 00:29:41.279
We're gonna see US uh hiking the interest rate by 25 bibs, potentially Bank of England joining the race as well.
00:29:41.359 --> 00:29:44.799
And Central Bank of uh Europe has already done that.
00:29:45.039 --> 00:29:58.400
And on top of that, the oil price is now uh bronze above 109 USD after Saudi shot a major export pop pipeline over the weekend following the attack as well.
00:29:58.559 --> 00:30:05.599
So, this all this together is making it really, really difficult for TritFi to trade.
00:30:05.680 --> 00:30:12.000
Like I know, I know we are in crypto, we are suffering, but being traditional financial market this week is not fun.
00:30:12.160 --> 00:30:24.319
And if you put things into perspective, Bitcoin right now is still above 78k and Nikai, the um Japanese index, lost 8.4% in a month.
00:30:24.559 --> 00:30:28.480
So this data comparison itself is quite interesting already.
00:30:28.559 --> 00:30:32.240
Again, coming to the point I was making previously, why does this matter for us?
00:30:32.400 --> 00:30:33.519
Look at the stats.
00:30:33.759 --> 00:30:42.799
Maybe crypto is becoming a lot more attractive to the traditional financial markets compared uh with what they're with what what they're dealing right now.
00:30:43.119 --> 00:30:49.119
Alice, I just hope so, because that will be, I think, one of the catalysts for uh this next leg up.
00:30:49.440 --> 00:30:51.599
We understand how this all this affects.
00:30:51.759 --> 00:31:11.039
I think that when you when you join crypto for the first time, CoinGo, what makes like the altcoin goals, like what is the outseason, how that logic actually I mean plays out, and then you start to understand that actually it's just one more asset class um within a much bigger economy game, let's put it like this.
00:31:11.119 --> 00:31:13.119
At least that's was my experience in crypto.
00:31:13.200 --> 00:31:17.680
I got in crypto, not like through the traditional market, I got in the traditional market through crypto.
00:31:17.759 --> 00:31:24.960
So it's like it's uh it's let's say uh a kind of like reverse engineering approach, at least for me, and I think for many, it's very similar.
00:31:25.200 --> 00:31:34.880
And um just understanding that crypto has, I mean, a very important position as an asset class within all that, and that little by little it's getting easier.
00:31:34.960 --> 00:31:46.240
Um, I mean, it's getting an easier access and it's uh growing and it's stabilizing establishing itself as hey, um, one of the most um one of the asset classes with the most upside.
00:31:46.319 --> 00:31:48.000
I think that's really, really cool to see.
00:31:48.160 --> 00:32:00.400
Hopefully, as you've mentioned by the end of your uh of our talk there, we start seeing more and more, uh not just um central banks through reserves and that kind of stuff, because we heard that about Trump.
00:32:00.559 --> 00:32:02.559
Trump mentioned it several times.
00:32:02.720 --> 00:32:04.880
It never became official, right?
00:32:04.960 --> 00:32:07.759
But he has flirted with this idea for a long time.
00:32:07.839 --> 00:32:11.119
And I think if you think of a relationship, that's kind of how things start.
00:32:11.279 --> 00:32:22.160
Like you start flirting, and then you start to making it more serious, and then you put pen to paper and right, and then you engage yourself and you make it a long-term commitment to actually do that thing.
00:32:22.319 --> 00:32:39.519
So hopefully we're in the process, and sooner rather than later, we can see uh not just central banks start adding crypto to their portfolios, but reserves and that kind of thing, and just like more economies being involved with that, because that will bring more liquidity to the market and therefore will be better for everyone involved.
00:32:39.599 --> 00:32:47.599
And the sooner you get involved, the better will be for you out there that is probably listening to us and thinking, like, hey, uh is it good for me?
00:32:47.680 --> 00:32:50.400
And I'll tell you, yeah, I think I think it is, right?
00:32:50.559 --> 00:33:01.279
So, yeah, let's I mean, um at the end of the day, I'm excited for what you're talking about, but I understand at the same time that it's not happening next week necessarily, it's going to take a while for all those things to develop.
00:33:01.359 --> 00:33:02.720
So let's wait and see.
00:33:02.799 --> 00:33:11.920
But as you said, as you said before as well, which is something I wanted to echo and want to highlight, this is a very bold week for the macro side as well.
00:33:12.000 --> 00:33:16.319
A lot of first-time things are not happening a long time, happening this week.
00:33:16.400 --> 00:33:28.880
So people should be aware because when you go through TA today, I'll mention about some price rangers, and because of all those catalysts, we may see BTC actually touching those rangers, and from that point onwards, we don't know what's gonna happen.
00:33:29.039 --> 00:33:34.559
So, with that said, Bob, back to you because I know you still have some other stuff you want to go over, so make sure to take care of it.
00:33:34.799 --> 00:33:40.160
Yeah, I'll quickly run through this because um I also want to hear from uh Gap as well.
00:33:40.319 --> 00:33:41.119
A few things.
00:33:41.279 --> 00:33:48.240
Number one is what's interesting is UK moved to exempt tokenized gold from fund rules.
00:33:48.400 --> 00:33:53.359
So now tokenized gold doesn't need to follow all the restrictions that funds have.
00:33:53.599 --> 00:33:58.720
Hopefully, this will release a lot more adoption of tokenization, especially when it comes to gold.
00:33:58.799 --> 00:34:00.400
I think it that that'd be quite interesting.
00:34:00.480 --> 00:34:02.240
But again, just my personal opinion.
00:34:02.400 --> 00:34:06.160
If you're already investing in gold, why don't you just hold the gold bars?
00:34:06.240 --> 00:34:07.440
Um, anyways.
00:34:07.599 --> 00:34:20.000
Uh going forward, we also have uh update on buying, institutional buying, because bit uh, well, strategy didn't buy any Bitcoin this week, Bitmine did buy Ether.
00:34:20.239 --> 00:34:32.159
So BitMind bought 27,180 ether last week, and their holding is now just close to 5.9 million uh ether on their hand.
00:34:32.480 --> 00:34:44.000
And their average purchase price was 2.5 uh thousand per ether, and they are now like allocating majority of them into staking rewards as well.
00:34:44.239 --> 00:34:48.320
And the last part from my side is on ETF flows because this is quite interesting.
00:34:48.400 --> 00:34:53.360
I think uh Gab also flagged this as a topic on CMC last week.
00:34:53.679 --> 00:34:58.960
We saw a institutional rotation out of Bitcoin and oh going into ether.
00:34:59.360 --> 00:35:08.880
And we have seen last week around 460 million USD of outflows from spot Bitcoin ETFs for in the US.
00:35:09.119 --> 00:35:13.760
We had three weeks' net inflows and last week broke.
00:35:14.079 --> 00:35:33.920
And money has flown into spot ether etfs, ether etf backed in uh bagged in 200 million USD inflows, so 5 million, well 4.4.6 million out to 4.6 sorry, 460 million out, 200 million into ether.
00:35:34.000 --> 00:35:40.400
But majority of the ether just went into one single fund, which is Black BlackRock's uh Ethereum Fund.
00:35:40.719 --> 00:35:43.760
So those are the institutional rotation side.
00:35:43.920 --> 00:35:47.360
And uh Gab, do you have any other interesting news for us?
00:35:47.920 --> 00:35:50.480
I mean, a couple just things I want to mention.
00:35:50.559 --> 00:35:56.719
Like one is uh related to bridges, just a heads up for everyone out there that is using bridges to trade on changes.
00:35:56.960 --> 00:35:59.920
Like true crypto bridges got hacked in two days this last week.
00:36:00.079 --> 00:36:03.920
Uh, I think symbios is on Friday and Chain Flip on Saturday.
00:36:04.000 --> 00:36:19.119
So um, for the ones that don't know or don't trade too much on chain, just for you guys to understand what I'm talking about, a bridge is basically something that moves your coins from blockchain A to blockchain B, such as, for example, from Bitcoin to BNB chain or vice versa, or Ethereum to Solana, etc.
00:36:19.360 --> 00:36:30.719
So uh on Friday, a bug on Symbios is actually uh Symbiosis Bitcoin Bridge specifically, let a hacker create billions, Alice, billions of fake Bitcoin tokens out of nothing.
00:36:30.800 --> 00:36:38.639
Uh, but they only managed to cash out about I think 300k plus a little bit more than that before running out of buyers on that.
00:36:38.800 --> 00:36:40.639
So um it was a whole other system.
00:36:40.800 --> 00:36:42.000
Saturday, different bridge.
00:36:42.159 --> 00:36:46.960
Chainflip was tricky into paying the same refund over and over again.
00:36:47.119 --> 00:36:57.280
They lost about 700k, uh, shut itself down completely through the weekend, potentially coming back live today or through this week.
00:36:57.519 --> 00:37:03.199
Both teams say the affected users will get their money back, and Chainflip aims to be back online today, as I mentioned.
00:37:03.280 --> 00:37:10.800
So um, I think the main takeaway for regular users out there, the people that are using bridges are the ones that are thinking of doing so and the ones that have never done it.
00:37:10.880 --> 00:37:15.760
Okay, bridges today are I think the riskiest part of crypto, right?
00:37:15.840 --> 00:37:20.320
Um, for whoever is in the trenches, I think they are the the hardest part to deal with.
00:37:20.559 --> 00:37:26.639
So if you move your coins between chains, don't leave funds sitting anywhere longer than you need to.
00:37:26.800 --> 00:37:36.239
And as another thing, if you want to bridge from blockchain A to blockchain B, there is always another route, which is I know it's not ideal.
00:37:36.320 --> 00:37:41.679
And for everyone that is in the device space or is very deep in crypto, you don't want to necessarily do that, but there is a way, right?
00:37:41.840 --> 00:37:44.880
You need to compromise in order to get what you want.
00:37:44.960 --> 00:37:50.400
So if you want to be fully safe, you can actually deposit this on an exchange and withdraw to another chain, right?
00:37:50.559 --> 00:37:58.639
If it's the same asset, if it has uh the I mean, if the exchange has a route to do so, this is something that you also need to check first, right?
00:37:58.800 --> 00:38:05.920
I mean, can you withdraw from like from this specific token to this specific uh blockchain through that exchange?
00:38:06.000 --> 00:38:06.559
Yes, no.
00:38:06.719 --> 00:38:07.760
Do they offer that service?
00:38:07.840 --> 00:38:08.400
Yes, no.
00:38:08.480 --> 00:38:12.880
I mean, the cost that you're going to pay because you're doing more transactions than the actual bridge.
00:38:12.960 --> 00:38:20.719
So I think that you need to evaluate a lot of things, but at the end of the day, there are options, you don't need to use bridges, you can go other ways.
00:38:20.880 --> 00:38:24.239
And um, I just think it's I mean, it depends.
00:38:24.320 --> 00:38:28.719
If you're very comfortable with the bridges that you're using, and I can tell by myself, I do use bridges.
00:38:28.880 --> 00:38:35.519
Uh, but I mean, I feel comfortable with the amount of like stuff that I'm bridging from one place to another, and I know the risks I'm taking.
00:38:35.679 --> 00:38:39.360
And if you know, oh, good, but do your own research and make sure to stay safe out there.
00:38:39.440 --> 00:38:44.320
I think uh community feeling overall, I think it's um it's it's exactly that.
00:38:44.400 --> 00:38:48.719
The bridges are the weakest link in crypto today, though both teams reacted fast.
00:38:48.880 --> 00:38:54.079
Uh the losses were not too big, and they said that no users will be uh affected.
00:38:54.239 --> 00:38:56.079
Um, their money, they get their money back.
00:38:56.159 --> 00:39:00.719
I think at the end of the day, it's just like something that I mean it stays there on your head, right?
00:39:00.800 --> 00:39:01.599
You keep thinking about it.
00:39:01.679 --> 00:39:05.360
And the second one that I want to mention is uh Bitcoin's liquid network.
00:39:05.519 --> 00:39:14.400
Um, there was something um on the network that refused they refused it actually a hacker's ransom, which was interesting, an interesting story from the weekend.
00:39:14.559 --> 00:39:18.880
Basically, the background is liquid is a bitcoin sidechain that is run by Blockstream.
00:39:19.039 --> 00:39:23.039
Uh, basically, in there you hold L BTC, Liquid BTC.
00:39:23.119 --> 00:39:27.199
Um, it basically a voucher that is supposed to be backed one by one by real bitcoin.
00:39:27.360 --> 00:39:35.440
And a less uh less week a bug led a hacker to print print more than 4k of those uh vouchers with no bitcoin behind them.
00:39:35.599 --> 00:39:49.119
Um, I mean, long story short, people are bullish on Brockstream for one reason, because uh they said no when the hacker demanded a 10% reward for the rest of the BTC that he has not gave back yet.
00:39:49.280 --> 00:39:53.920
Um, they said no, they call it a crime, and they promised to cover all the missing BTC.
00:39:54.000 --> 00:40:05.519
So this was kind of it ended up being bullish for them, but definitely something that I think no company wants to go through because you're actually taking our profits to cover something that is that was going to be a user loss.
00:40:05.599 --> 00:40:12.239
So, I mean, all in all, Alice, be careful with uh, I mean, sidechains, bridges, mostly bridges, guys.
00:40:12.320 --> 00:40:17.599
Be very careful out there, but regardless, this is those are the things that I wanted to share, just so everyone is.
00:40:17.760 --> 00:40:22.960
I mean, I keep them on their toes when using the DeFi space, it's not easy, it's not for everyone.
00:40:23.199 --> 00:40:27.840
Um, yeah, adoption is going to take a long time unless we solve those problems.
00:40:27.920 --> 00:40:31.760
But regardless, I mean, it's out there, it's good to be on the trenches, but you need to be safe.
00:40:32.000 --> 00:40:36.639
Agreed, I think that's definitely one of the key things when especially during all this.
00:40:36.719 --> 00:40:42.400
Um when you are getting into deep DeFi stuff, I think security is definitely the main concern.
00:40:42.719 --> 00:40:45.280
The deeper you go, the crazier it can get.
00:40:45.440 --> 00:40:51.760
So that's just something you need to have in mind whenever you are doing some DeFi stuff and mostly fancy stuff, right?
00:40:51.840 --> 00:40:59.119
Be careful because I mean, if there is fancy stuff going on, if you're trying to be fancy with your money, people are going to do fancy things to try to steal it from you as well.
00:40:59.360 --> 00:41:01.360
That said, Alice, can I move into TA?
00:41:01.519 --> 00:41:06.000
I think I already have my screen sharing on, and people can already see.
00:41:07.440 --> 00:41:09.039
I'll do as I've been doing lately.
00:41:09.119 --> 00:41:15.599
I'll just make sure to show you guys the post from Crypto Xeno right here to kick things off, but I'll make the chart a little bit bigger.
00:41:15.760 --> 00:41:18.159
Let me do some zoom in here.
00:41:18.320 --> 00:41:22.079
Okay, maybe I did too much, so I cannot do too much.
00:41:22.239 --> 00:41:25.760
Okay, this seems to be the biggest I can get at the moment, at the point.
00:41:25.840 --> 00:41:30.480
Um, so this is a structural anchor for everyone here from CryptoZeno.
00:41:30.719 --> 00:41:33.840
Basically, he zooms out and makes a historical case.
00:41:33.920 --> 00:41:38.000
He says that every bear market bottom has been confirmed the same way.
00:41:38.239 --> 00:41:50.639
Major short liquidity event that breaks price out of the bottoming range, and that's exactly what last week's move was, with about 1.2 billion in shorts liquidated as Bitcoin climbed.
00:41:50.960 --> 00:41:54.639
His second point is uh is the one to remember right here.
00:41:54.719 --> 00:41:59.039
He mentions that these breakouts are rarely followed by a big retracement.
00:41:59.199 --> 00:42:03.519
Price tends to range sideways for a while and then continue higher.
00:42:03.760 --> 00:42:12.880
The conclusion here is new longs aren't necessarily coming, and the job now is to look for those longs.
00:42:13.119 --> 00:42:16.719
No exact levels, but it's the frame for everything else.
00:42:16.880 --> 00:42:24.079
The chop we're in is in this reading, the normal digestion phase after the bottom, not necessarily a top.
00:42:24.239 --> 00:42:29.760
So basically, what she's telling us is like, hey guys, we're going to stay around here for a while.
00:42:30.079 --> 00:42:31.360
Let's see what happens later.
00:42:31.440 --> 00:42:40.800
The longs still have not been set because the structure doesn't point to it, but soon enough we start to get those longs going, potentially when we break 80k.
00:42:40.880 --> 00:42:43.760
But I'll get to that price level very, very soon.
00:42:44.000 --> 00:42:47.760
Not before I go through crypto's guru post right here.
00:42:47.840 --> 00:42:50.159
The chart is big enough, I think, for everyone to see.
00:42:50.239 --> 00:42:52.880
And he mentions a couple interesting things, right?
00:42:53.039 --> 00:42:57.039
Um, he's basically looking at the one-hour chart, so it's important for you guys to notice that.
00:42:57.119 --> 00:43:06.880
And he sees a double bottom, two lows at almost the same price, in this case, around 76.4, with the second one holding and momentum starting to turn up.
00:43:07.119 --> 00:43:11.039
Buyers, in his words, are defending that level aggressively.
00:43:11.119 --> 00:43:13.840
Whenever we touch that, boom, boom, boom, people start buying again.
00:43:14.000 --> 00:43:16.400
And the trigger in his view is actually clear.
00:43:16.559 --> 00:43:19.039
He mentions that a clean breakout above 80k.
00:43:19.280 --> 00:43:20.320
That uh that's it.
00:43:20.480 --> 00:43:22.960
Okay, but others will mention about the same range still.
00:43:23.039 --> 00:43:34.559
So, I mean, hold on, would confirm the pattern to open a move toward 84k, and that's potentially the range between 80 and 84, where people will start setting the longs mentioned by uh the first analyst.
00:43:34.639 --> 00:43:36.159
I think it was Crypto Zeno, right?
00:43:36.320 --> 00:43:45.280
Um, that's a target and this target like from 80 to 80k is not random, it's roughly the height of the pattern projected upward from the breakout point.
00:43:45.440 --> 00:43:48.400
So um, I think overall his sentiment here is bullish.
00:43:48.559 --> 00:43:54.559
He mentions that bulls are slowly reclaiming control, so whenever you go down, boom, bulls are back in action.
00:43:54.719 --> 00:43:59.760
And the catch is really that 80k, it's the same level everyone else on the list is watching you.
00:44:00.159 --> 00:44:05.360
Guys will notice that so the pattern is the same for absolutely all the analysts out there.
00:44:05.440 --> 00:44:09.599
Everyone is looking at the same prices, and that's when the price becomes a real thing.
00:44:09.760 --> 00:44:15.199
If you're listening to us right now and you're that person that never trusted TA, you're like, Oh, this is just chart analysis.
00:44:15.280 --> 00:44:18.159
Like, why would we trust candles and this and levels and that?
00:44:18.400 --> 00:44:20.159
Well, it's a chicken and egg problem.
00:44:20.320 --> 00:44:25.360
Uh, do the price levels exist because people trade, or do people trade because the price levels exist, right?
00:44:25.519 --> 00:44:31.840
The the key point is everyone is looking at the same charts, so everyone is looking at the same prices, and therefore you should be doing the same.
00:44:32.000 --> 00:44:36.239
That's kind of like the main takeaway that I can get to you guys after a couple years in crypto.
00:44:36.320 --> 00:44:38.159
So, um, third analyst here.
00:44:38.239 --> 00:44:42.000
Uh, I'll make sure to mention uh the name before I actually go to it, but it's Mr.
00:44:42.320 --> 00:44:43.840
FX, so it's a good name.
00:44:43.920 --> 00:44:44.559
I like the name.
00:44:44.639 --> 00:44:45.920
Um, started well.
00:44:46.159 --> 00:44:54.960
So he mentions he uses actually a volume profile here that is drawn from the recent high at about 82.3k and the recent low about 76.
00:44:55.280 --> 00:44:56.719
Uh yes, 76.
00:44:56.880 --> 00:44:58.960
Um, and he mentions a quick refresher here.
00:44:59.039 --> 00:45:06.800
The profile shows how much volume traded at each price, and the fattest bar is where the market did the most business, right?
00:45:06.880 --> 00:45:09.039
More buying and selling the volume and all that.
00:45:09.119 --> 00:45:11.199
So that's why it's a volume profile.
00:45:11.280 --> 00:45:23.599
Uh, here um, that's roughly we're now roughly at 79.8, which uh he's calling here the most traded bearish zone because that's where sellers were most active on the way down.
00:45:23.760 --> 00:45:26.800
From there, the layout both roads.
00:45:26.880 --> 00:45:35.920
Uh, the long scenario here is if price dips to retest the demand zone around 77 first, holds, and then continues higher.
00:45:36.239 --> 00:45:37.360
That could be a thing.
00:45:37.679 --> 00:45:39.760
The other scenario, the short scenario.
00:45:39.840 --> 00:45:41.199
So we mentioned the long scenario.
00:45:41.280 --> 00:45:53.519
Now the short scenario, which is a different one, is price runs up, tap that high volume area near 82k, feels the order sitting there, and then gets sold off sharply.
00:45:53.679 --> 00:45:54.639
So this is another thing.
00:45:54.719 --> 00:45:57.519
This is the bad side, the downside, the bare side of things, right?
00:45:57.679 --> 00:46:05.280
Um, in his own bias here, he mentions that uh he leans a little bit on the longer side of things just because of the strength of the last 24 hours.
00:46:05.519 --> 00:46:20.480
But the value levels for you guys to be keeping an eye to would be 77.6 to buy a dip, and 79.8 as the wall, the wall, the resistance, whatever you want to call it, that is actually I mean preventing BTC to go higher.
00:46:20.559 --> 00:46:24.159
So 82.3k would be a sell zone for short term.
00:46:24.239 --> 00:46:27.039
So 82.3k sell zone short term.
00:46:27.119 --> 00:46:29.199
Uh, but this is of course his analysis, right?
00:46:29.280 --> 00:46:37.920
Um, it's not me, I don't necessarily agree with everything, but I think it's a really good analysis, and you guys should be aware of that because we need to know what the hell traders are thinking about.
00:46:38.159 --> 00:46:40.480
Last one from today is from Gabby here.
00:46:40.719 --> 00:46:43.440
Um, and he or she, I don't know, mentioned that.
00:46:43.519 --> 00:46:45.440
Um, mentioned actually a warning shot.
00:46:45.519 --> 00:46:55.599
He points out that Bitcoin tried to break higher and got rejected right around 79, which is a supply zone mentioned by the latest one already, and a level where sellers have repeatedly shown up.
00:46:55.679 --> 00:47:04.159
So you guys know 79 people are selling at 79, but people are also buying at 76, and that's why we're stuck in this crazy price window.
00:47:04.320 --> 00:47:07.360
Price is now trading below 79 just for a little bit.
00:47:07.440 --> 00:47:09.119
Um, and at least on the time of the post.
00:47:09.360 --> 00:47:11.920
I actually don't know what's the price now, but I'll check it in a bit.
00:47:12.159 --> 00:47:26.079
Um, and uh supply while we still holding above that demand area of 76, so demand at 76, selling pressure at 79, the brother structure is still a descending channel of lower highs and lower lows.
00:47:26.159 --> 00:47:36.559
And the read here is if sellers stay in control at that the center structure holds, 76.8 is the level to watch next, and losing it can open the door to lower levels.
00:47:36.800 --> 00:47:41.679
But I mean, let's be honest also about what kills the bear case.
00:47:41.840 --> 00:48:00.639
Probably a clean breakout above 79 to 80k, 80k, in my opinion, is the number, not necessarily just 79, but until then, not force any trade, and that's why people are not necessarily open long opening longs just yet, because they want to make sure that hey, Bitcoin has surpassed it 79, has surpassed 80k.
00:48:00.719 --> 00:48:01.920
Now I'm cool to open my long.
00:48:02.239 --> 00:48:12.079
So the key point here is guys, if you put it all together, the four together here, Bitcoin is boxed it between two levels, like it's 76 and that's 79 to 80k range.
00:48:12.239 --> 00:48:12.800
That's about it.
00:48:12.880 --> 00:48:15.039
That's when people are selling, that's when people are buying.
00:48:15.199 --> 00:48:21.360
People are only going to open loans when BTC goes above that, just because right now a lot of uncertainty on what's gonna happen next.
00:48:21.440 --> 00:48:24.880
And as Alice mentioned, a lot of things taking place this week.
00:48:25.039 --> 00:48:27.360
You have Clarity Act tomorrow, some stuff.
00:48:27.440 --> 00:48:29.519
The Senate will shake things up, probably.
00:48:29.679 --> 00:48:32.480
You have Fed decisions on Wednesday hike.
00:48:32.639 --> 00:48:34.639
I mean, what is going to happen?
00:48:34.880 --> 00:48:42.559
So until those moves actually take place, expect some chop between this box, I mean, inside this box between 76 and 79.
00:48:42.719 --> 00:48:51.679
But afterwards, after Wednesday or through Thursday or two through Tuesday to Wednesday, we should see the price making a decision if we're going lower or higher.
00:48:51.920 --> 00:48:54.079
And I mean, I hope it's higher, guys.
00:48:54.159 --> 00:48:58.320
Uh, but that's uh that's I think what you should be looking for on the T A next.
00:48:58.559 --> 00:49:02.320
Alice, we are now live trading at 78.5.
00:49:02.400 --> 00:49:08.400
And I want to ask you, do you feel like we have a higher probability of surpassing 79 or going below 76?
00:49:08.719 --> 00:49:13.360
Interesting range because 76.4 to 78.7, 79.
00:49:13.519 --> 00:49:14.480
Okay, interesting.
00:49:14.639 --> 00:49:19.599
Uh, I personally has a lot more bullish vibes for this week.
00:49:19.760 --> 00:49:25.599
And it's um, I'm not just saying that because I want to be bullish, it's because I think the bearish side has been pri priced in.
00:49:25.920 --> 00:49:36.000
I mean, even in the prediction market, I think people are not anticipating uh a very great, you know, regulation uh decision this this this week.
00:49:36.079 --> 00:49:38.000
But even with that, the price is staying strong.
00:49:38.079 --> 00:49:41.840
Plus, you know, with interest rate hike, we're gonna see more liquidity coming in.
00:49:41.920 --> 00:49:48.079
Oh, plus you mentioned this about Trump giving everyone 5,000 USD uh liquidity.
00:49:48.239 --> 00:49:52.239
So we we might get a new injection of liquidity into the market.
00:49:52.320 --> 00:49:54.960
So hopefully it's a lot more bullish news from here.
00:49:55.440 --> 00:49:56.719
Let's see, let's see if that happens.
00:49:56.800 --> 00:50:04.639
And for everyone that is wondering like where the price was in the last seven days, just look at the screen right now, go to CoinMarketCap and you see exactly guess what?
00:50:04.800 --> 00:50:07.119
Between 79 and 76.
00:50:07.280 --> 00:50:08.960
So that's what we've been trading.
00:50:09.199 --> 00:50:11.039
The exactly range we've been trading.
00:50:11.119 --> 00:50:18.239
And if you look down here, the volume is actually going down and down and down and down, and now it's starting to ramp up again.
00:50:18.480 --> 00:50:21.360
So something probably is cooking around here, guys.
00:50:21.440 --> 00:50:25.599
Be aware because the price may move this week upwards or downwards.
00:50:25.760 --> 00:50:26.559
Let's wait and see.
00:50:26.639 --> 00:50:31.920
But I think from midweek to later in the week, we should have some sort of decision on BTC.
00:50:32.000 --> 00:50:43.519
Hopefully, because at the same time, if we just get more, let's say, I mean, more nothing news out of everyone, the clarity act kind of stays the same, and the Fed doesn't necessarily really move the markets.
00:50:43.679 --> 00:50:45.199
We're going to stay around here for a while.
00:50:45.280 --> 00:50:48.000
So, yeah, that's uh that's my two cents.
00:50:48.079 --> 00:50:52.960
I hope I helped you, I guide you at least on knowing what people are thinking.
00:50:53.119 --> 00:51:00.000
Uh Alice, I know you have some TA took over, so please go ahead and do it because people must know about that as well.
00:51:01.039 --> 00:51:02.639
Yeah, token unlocked.
00:51:02.800 --> 00:51:04.639
I have five names to share this week.
00:51:04.800 --> 00:51:16.480
Number one is StarkNet Tigger S T R K getting unlocked on the 15th of September for about 3.5% circulating supply valued around 3.6 million USD.
00:51:16.639 --> 00:51:27.360
Number two, we have SI, Tiger S E I, getting unlocked on Monday 15th as well for about 0.86% of circulating supply valued around 2.5 million USD.
00:51:27.519 --> 00:51:38.719
Number three, we have Arbitrum Ticker ARB getting unlocked on 16th of September for 1.6% of circulating supply valued around 12.7 million USD.
00:51:38.880 --> 00:51:51.039
Number four, we have Lista Dow Ticker L I S D A getting unlocked on 20th of September for 5.1% of circulating supply valued around 2.6 million USD.
00:51:51.280 --> 00:51:55.519
Last but not least, we actually have the biggest unlock this week from layer zero.
00:51:55.599 --> 00:52:04.239
So ticker ZRO getting unlocked on the 20th as well for 4.22% of circulating supply valued around 26 million USD.
00:52:04.400 --> 00:52:05.840
Uh, those are the major ones.
00:52:06.000 --> 00:52:10.400
If you want the full list, you can check on Quan Market Cap on their token unlocks page.
00:52:10.800 --> 00:52:11.760
Yeah, 100%.
00:52:12.079 --> 00:52:19.119
And Alice, there is a killing message here in the live chat from a user that I cannot see the name, but I'll try to grab from my laptop right now.
00:52:19.280 --> 00:52:27.440
Uh, I I cannot mention the name, but he is actually asking if you do have a boyfriend, Alice, do you mind sharing that information with the listeners out here?
00:52:27.599 --> 00:52:31.599
Uh I think I think Bitcoin is gonna go above 81,000 this week.
00:52:31.840 --> 00:52:32.320
Perfect.
00:52:32.400 --> 00:52:34.320
I think that's the correct answer, Alice.
00:52:34.400 --> 00:52:35.599
Thanks for sharing that.
00:52:35.760 --> 00:52:38.000
I love that you share that with the people.
00:52:38.159 --> 00:52:40.800
So for everyone wondering, Alice is bullish.
00:52:40.960 --> 00:52:42.239
Okay, so that's good.
00:52:42.480 --> 00:52:47.440
Alice, with all that said, I wonder if you have any final messages to the audience right here.
00:52:47.519 --> 00:52:58.239
If you want to just share something that potentially you feel like, hey, I shouldn't lighten you guys in this direction because maybe you guys are missing that or just a nugget that you want to drop, whatever it is.
00:52:58.320 --> 00:52:59.440
I know you have something in store.
00:52:59.760 --> 00:53:05.840
Yeah, so Clarity Act Tuesday, Fat Decision Wednesday, and the whole week is full of different events.
00:53:06.079 --> 00:53:15.119
I think we might be just getting through the final hurdle and hopefully getting into later September will have a lot more uplift on the market as well.
00:53:15.360 --> 00:53:24.559
Definitely please come back and tune in every Monday because what's really exciting last week I started to see we have about 5,000 people listen to us on Facebook now.
00:53:24.719 --> 00:53:26.559
Oh, sorry, uh X Live now.
00:53:26.719 --> 00:53:29.039
So we're we're live on a few different platforms.
00:53:29.199 --> 00:53:30.639
Please do come back and join us.
00:53:30.800 --> 00:53:33.280
We would love to see uh you coming back every week.
00:53:33.519 --> 00:53:38.000
100% and potentially in the future, live across even more platforms, maybe video.
00:53:38.079 --> 00:53:39.039
Let's wait and see.
00:53:39.199 --> 00:53:41.199
I mean, we we do what you guys demand.
00:53:41.280 --> 00:53:47.440
So if you want to have like video live streams and if you want to be ever us to be everywhere, you guys let us know around here.
00:53:47.599 --> 00:53:50.480
But Alice, all in all, that's all for today's show.
00:53:50.639 --> 00:53:53.280
I mean, I think that's a wrap on this week's weekly crypto forecast.
00:53:53.440 --> 00:53:56.000
And before we leave, quick heads up for everyone listening.
00:53:56.159 --> 00:53:58.960
Nothing we share here, of course, is financial advice.
00:53:59.039 --> 00:54:03.360
We always recommend you to do your own research before aping into any token.
00:54:03.519 --> 00:54:10.559
Make sure to use CMC because we have the best tools for your decision making, and you can, yes, avoid getting wrecked out there.
00:54:10.639 --> 00:54:13.119
So please use CMC and make sure you do it.
00:54:13.280 --> 00:54:15.760
We'll be back here next Monday, same time, 3 p.m.
00:54:16.000 --> 00:54:18.079
UTC, fresh insights, fresh alpha.
00:54:18.159 --> 00:54:21.599
And if you want to catch us live every week, I said this in the beginning, I'll say it again.
00:54:21.679 --> 00:54:24.880
Download CMC app, turn on notifications in case you miss.
00:54:25.039 --> 00:54:31.679
We are here on the CMC Live Hub and also Spotify, Apple Podcasts, everywhere you can think of.
00:54:31.920 --> 00:54:32.880
We are probably there.
00:54:33.039 --> 00:54:35.280
Shout out to Alice again for dopping, dropping the alpha.
00:54:35.360 --> 00:54:37.920
And Alice, I see you here next week with Jonathan, correct?
00:54:38.079 --> 00:54:38.960
Yes, okay.
00:54:39.119 --> 00:54:39.920
Looking forward to it.
00:54:40.000 --> 00:54:40.960
Then CMC fam.
00:54:41.440 --> 00:54:42.559
Thank you for joining.
00:54:42.719 --> 00:54:44.880
Make sure to look into those price levels.
00:54:44.960 --> 00:54:48.719
Don't forget 76, 79, potentially jumping into 80k.
00:54:48.800 --> 00:54:52.719
Then people start opening longs, opening longs, or we're actually going down.
00:54:52.880 --> 00:54:53.599
I mean, we don't know.
00:54:53.760 --> 00:54:56.159
Let's wait and see a lot of things to happen this week.
00:54:56.239 --> 00:54:58.000
And I see you here next week.
00:54:58.159 --> 00:55:03.599
Through this week, navigate well, make sure to stay informed, stay safe, and keep huddling.
00:55:03.679 --> 00:55:04.559
I see you soon, guys.
00:55:04.719 --> 00:55:05.039
Keep safe.
00:55:05.119 --> 00:55:05.519
Bye bye.
00:55:05.599 --> 00:55:06.960
Have a great week the week.
00:00:03.520 --> 00:00:08.720
Just a warm welcome and officially kicking things off for all the CMC family out there.
00:00:08.880 --> 00:00:19.039
Warm welcome to all of you that are listening to us on this beautiful Monday, no matter where you are, maybe nighttime for you, finishing up, wrapping up the day, maybe starting off the day right now.
00:00:19.120 --> 00:00:28.079
So for all the the gents, the farmers, the haulers, the day traders, like you are now listening and potentially watching if you're on X, for example, or on CMC looking at your screen.
00:00:28.160 --> 00:00:31.839
You are also watching the weekly crypto forecast by CoinMarketCap.
00:00:31.920 --> 00:00:33.920
I'm your host, Gabriel Zani, and you know me.
00:00:34.000 --> 00:00:37.679
Uh, and together with me, as usual, Alice, CMC's research lead.
00:00:37.759 --> 00:00:43.119
Alice, I know I've asked you this offline already, but now in recording, like, how are you doing?
00:00:43.439 --> 00:00:44.320
Yeah, I'm good.
00:00:44.479 --> 00:00:45.119
I'm doing well.
00:00:45.200 --> 00:00:45.840
How are you?
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I'm doing good as well.
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I think I have a good weekend, like family stuff, like taking my head out of the markets for a little bit.
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Not a lot happened, so I didn't miss too much.
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And I was glued to the market like from Monday to basically Saturday.
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So Sunday just like a day off for me to get going and things.
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But I'll be honest with you, Alice.
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The NFL season is back, college season has been back for two weeks now.
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And just like football is back at the end of the day, right?
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And this is kind of like one of the things that I do like to watch.
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I don't know if we have a lot of football watchers here, but definitely like good time, good time season is going and not necessarily the best for my team, but I'm not getting into that.
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And I think I just wanted to let people know that they can get and catch us actually every single Monday here on the CMC app.
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Just download it, go to your app store there.
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No matter if it's the Play Store on Android or App Store on Google or on iOS, but you go there, download CMC app, turn on the notifications, and you will we will let you know as soon as we go live here.
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And in case you miss anything, make sure two things first, you check CMC Live Hub here on web or app, doesn't matter.
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You can check all previous episodes and replay them, or you can also go to Spotify, Apple Podcasts to replay them.
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I mean, on the go, no matter if you're commuting, walking the dog, working out, whatever it is, you can be on top of every single crypto news.
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Alice, let's kick things off now.
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You mentioned about a couple tokens, you mentioned a little bit about Bitcoin, but we want to know how bullish or bearish are you feeling heading into this week.
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Yeah, so this week is starting not too bad for us because as we speak, the total market cap for crypto is at 2.66 trillion USD.
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That is up 1.2% for the past 24 hours.
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The volume, though, is on the quieter side.
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We're now only 67 billion USD for the past 24 hours.
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BTC dominance has uh rised up a little bit at 59.1%, ether similar stayed the same, 11.5 percent.
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CMC CryptoFair and Great Index has been trimming back right now.
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As you can see on your screen, um, it's now giving about 69.
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So we are still in grade, but gradually getting out of the green zone.
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We're going back to neutral.
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And you ask why was the reason?
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Because Bitcoin right now is at 78,463, and we are seeing a quieter activities across the altcoins now as well, compared with the two weeks ago.
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So, altcoin season index.
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Um, you can see on uh CMC screen, it's 39 out of 100 for CMC altcoin season.
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So last week we saw a huge pump of privacy sector, of meme coins, um, of some of the DeFi sectors.
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And on your screen right now, you can see Gap is showing you we still have quite a few tokens outperforming, but we are definitely seeing a bit of a quieter compared activity compared with last week.
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So this week, majority of the coins outperforming are still staying within the DeFi sector.
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Okay, so we go back to CMC's homepage and catch up some um catch up on some mean price actions.
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On CMC's homepage right now, I can see uh Bitcoin at 78,406 USD, flat around 1% down for the past seven days.
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Ether maintaining above 2.5k at 2,502, roughly flat as well.
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And then we have BMB has had a bit of a correction at 721 USD, XRP flat at 1.39, and then Solana is still above 100 at 101.6.
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And uh if we rank it by 70 performance on this page, you'll see some interesting activities because last week, when I was ranking it with you guys on here, it was printing 80 and 90 percent.
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But this week you can see leaving the pack is only 24 uplift from uh Venice token VVV.
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That's part of the privacy narrative that is thus to driving the market growth, and then leading it is radium as well as number two up 18.5%, right now at 1.39, file coin, ether 5, VeiChain, all printed something around uh 10 to 14 percent uplift.
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So if you just roughly take a look at this list, you can see majority of them, if not 80 to 90 percent, are DeFi tokens.
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So we can see privacy quieting down a little bit, meme coins trimming back, and we are back to the DeFi season.
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Um, so I hope some of you guys have catched up on some of these trends.
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And uh, as Geb and I mentioned at the beginning, it's gonna be quite an uncharted territory week for this week, together with a lot of macro stuff, with a lot of news update, with the uncertainty globally as well.
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Yeah, Alison, as you were speaking, I think there are two things that I want to mention.
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One is of course related to the revamped home screen of CoinMarketCap, where you now can see fear and greed, altcoin season.
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I mean, right when you come here.
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I'm talking, of course, about the web version, but in app, it's absolutely no difference.
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You guys can check for yourself, and you have also some very interesting uh derivatives data here, talking about liquidations, long and shorts, open interest.
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You can get grab all that just by checking the home screen.
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And if you want more in-depth data, you can also check just by clicking here, and you'll be taken into the derivatives markets page where you have like the overview, you have funding rates, you have liquidations, like just a lot of data, guys, a lot of data for you to basically understand what is going on in the market and how to better position yourself.
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But Alice, there is something else while you were speaking about hey, this is the sectors that pump it lately, like it's memes, it's privacy, etc.
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And I do remember, and it's not been long ago, uh, when we were here, me and you on the same live, just a couple months back.
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And for the ones that are listening to us for a long time, they know about it, right?
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We've mentioned, do you remember, Alice, when Zcash like went through all that FUD and stuff because people were minting tokens and all that kind of thing, and like, hey, Zcash is going to zero, a lot of people getting liquidated.
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Do you remember that time?
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It's not long ago, right?
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And I do remember that me and you we were talking about it, and we were like, guys, um, it's interesting because by the time that we were talking, Zcash had already bounced back a little bit, and we were discussing exactly that like, hey, is it going to zero?
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Doesn't seem like so.
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This is potentially just a bad episode that happens with a lot of different projects and a lot of different tokens, but that can actually strengthen this project in the long term.
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And Alice, if you look at Zcash's price right now, it's hitting at 1.1k.
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By the time that we were having that discussion, and if I just open it here, it was trading, if I'm not mistaken.
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Like Alice, probably close to the 200s, 200s, right?
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I do if I'm not too crazy, I do remember that.
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Like we were talking about probably right here, like 380 or something like that, or even the FUD, like as you can see, there is like actually um a couple of interesting things here on CMC chart that you can actually check the mass resignation that happened, and all those things that happened with Zcash.
00:08:04.959 --> 00:08:13.040
So right to see that, but it was an opportunity for everyone that bought at that time, more than 2x from right now.
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Does it still have upside?
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I honestly have no idea, guys.
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Maybe you're just being exit liquidity if you buy here, maybe not.
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I don't know.
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If you look at all time, of course, Zcash has been, I mean, uh in town for a long time, so there's a lot of price history.
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If you look at the charts, it's not great at the end of the day.
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Uh, but if you look at just like the last year, the last month, and so you'll be definitely glad to be bought to have bought that um actually 30 days ago, for example.
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So this is just another event that happens in crypto that helps you to create scars, even if you didn't went through it.
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Let's say people that are listening right now, you didn't have Zcash by that time, but you saw everything unfolding in front of your eyes.
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So now you know whenever this happened with another token in the future, you stop and you think, hey, uh, is this token resilient enough to keep going?
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Is this just an event that is going to make it even stronger in the near future and in the long run?
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Or is this something that is going to completely demolish this price and it's heading to zero?
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You make that evaluation on your own, and then you start to make decisions on, like, oh, this is an opportunity, or na na na.
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If I buy, I am exec liquidity, so I'm not touching that.
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So, this is the kind of thing that can help you learn on how to position yourself in the crypto space.
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Just my two cents for the people listening to us that I think are very, very valuable.
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Alice, I don't know.
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Um, I said to you this before, unfortunately, I did not enter that trade.
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So, but uh besides talking about it here, uh, I don't know if you did, but definitely the ones who did are very happy about it.
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Yeah, I think some of uh some some people around me caught up on that.
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I think they're very, very lucky, but also I don't think they have exited at the top because last week was the high, high like week for Zcash when it printed 1200 something.
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It was like, whoa, the highest since 2016.
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But like sometimes you're just gonna make a good balance in terms of when to exit and bank the bank the profit as well.
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So, yeah.
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Yeah, interesting just to see that unfolding.
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I think something we called.
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Um, we said, hey, keep an eye on this, this may happen, and I mean, ended up unfolding exactly like that.
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So just sharing with the people, this is learning, right?
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While you're in crypto, even if you're not invested in some stuff, you definitely need to keep an eye open to learn from what happens.
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Because, as in every single aspect of life, history doesn't repeat itself, but it rhymes.
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So, if you know and if you see something before you potentially can learn from that and take the best, um, I mean, take advantage of that in the future.
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That's the reality.
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So, those are my two cents, Alice.
00:10:46.480 --> 00:10:49.919
And I think with that, we can actually jump into some other news that you have.
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I know you have some top-ups, some very big stuff to share with us.
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A lot of people write in the live chat talking about Clarity Act, which I know you mentioned.
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So let's start unpacking all that.
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Yeah, that's the number one topic for this week.
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When I open the like open my daily notes and all the meeting notes today in marketing team, we're all discussing about Clarity Act.
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What are we gonna do this week?
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So, why is it so important and what's going on and what's gonna happen?
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15th of September.
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Uh, this is gonna be the timeline for uh Senate Republic the so for Senate to vote on what's next for Clarity Act, right?
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So the headline here is Trump, President Trump, signs off on Clarity Act uh ethics deal, clearing the way for Tuesday's Senate vote.
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So Senate Republicans uh released a revised Clarity Act text over the weekend and explicitly labeled it their last, quote unquote, last best and final offer to Democrats.
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So it runs 635 pages long and incorporates 126 changes Democrats asked for.
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So, such as, you know, the headline and concession being ethics restriction that covers president himself, his family, other elected officials, and federal judges, with state attorney general given enforcement authority.
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So Trump reportedly met advisors on Friday and has now agreed to those provisions.
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There's also a stable coins, almost like a circ circuit breaker, if you like, written in there to protect community banks as well.
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So all this effort is put in place trying to get Clarity Act over the line.
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Um, so the closure vote is scheduled for Tuesday, 15th of September, and it needs 60 votes to proceed.
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Why does this matter, you might ask?
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Because this is the market structure bill.
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And uh a lot of the uh people senate, for example, are having their opinion out to say now or never, because this will be the one that decides which agency regulates what, and it is the piece that uh Genius Act deliberately left unfinished for stablecoins.
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So basically it's the final and big piece of jigsaw for this current line of crypto regulation in the US.
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And then we are seeing a lot of people coming out with very important statements.
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Um, for example, we have seen uh this morning that A16Z crypto fund, they said that if the US fails to pass the Clarity Act, the next FTX style collapse could be even worse.
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So this is coming from Miles Jennings, he is the head of uh policy and regulation at A16Z, uh, written that US Senate could uh they should push the Studio Asset Market Clarity Act through to passage.
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And then said, because, you know, as we mentioned, why this is so important, because it's a structural bill, the segregation of customer assets, custody disclosure, um, those are not complicated ones and those should be passed and regulated.
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So the statement is saying basically trying to get better structural restrictions and structural um rules in place for this market and the team players.
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So I guess now let's look at the reality of how things are looking because on prediction markets, right now it's still pricing around uh 20-ish percent, depends on which pool you're looking at, possibility of passing.
00:14:22.639 --> 00:14:26.559
But remember earlier this year it was almost at 48%.
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So it was almost half half, but now the market is turning back to say it's a maybe.
00:14:32.960 --> 00:14:36.000
But what's really interesting is it's not just that.
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I was looking at the open interest this morning and Bitcoin's price, of course.
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We we know 78 is not the best, but it's also not the lowest.
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So it seems like the market is not too worried about Clarity Act not being passed because we're already uh trying to press in the worst case scenario.
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So I think the okay, so the the bad news is maybe it won't be passed this time.
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The good news is the market is ready for the worst news.
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So I guess uh that's a half-half um uh gap.
00:15:09.519 --> 00:15:13.200
That's uh the main topic and discussion for this week.
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Yeah, I mean, I see people already commenting here in the live chat once more about it.
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We have Watcher Group in it post here.
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We have Al Jaboon also talking about this.
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Like the Clarity Act is like clearly uh the main thing, the main topic of discussion.
00:15:27.279 --> 00:15:44.960
We also do have on today's uh community here a topic about the Clarity Act, just because what Trump recently did um in terms of like the addicts part of things and just um kind of like being okay with that actually help it to jump a little bit the odds on the Clarity Act to get approved.
00:15:45.039 --> 00:15:48.399
And I think for uh right now, I think it's it's close to 32%.
00:15:48.720 --> 00:15:52.399
At least it was like that when I laid latest uh last check it.
00:15:52.480 --> 00:15:58.879
Um regardless, um, it's something that is going to affect crypto, and a lot of people feel bullish about it.
00:15:59.039 --> 00:16:10.000
But uh one thing that you guys need to have in mind is that it may no matter if it happens or not, when it happens, um, if it gets approved or rejected, it may be already priced in.
00:16:10.159 --> 00:16:17.840
So this is uh for everyone listening, don't necessarily wait on that to oh, now that it happened, the market's going to pump or dump, whatever.
00:16:18.000 --> 00:16:21.759
No, just like by that time, it should be priced in.
00:16:22.080 --> 00:16:28.799
It should, as I said, it's not necessarily it's going to be like that, but that's uh the reality of most events like this.
00:16:28.879 --> 00:16:33.759
There are a lot of insiders, a lot of people that know exactly how this is going to take place.
00:16:34.000 --> 00:16:40.639
Um, and uh we are just watching from the sidelines, so it's hard to try to um to play those games.
00:16:40.720 --> 00:16:44.799
I think that's the that's the key point on this, and I think people need to be aware of that.
00:16:44.879 --> 00:16:48.480
It's very hard for you to try to make a good trade on it, regardless.
00:16:48.720 --> 00:16:51.120
Always important to keep a track for everything that happens.
00:16:51.200 --> 00:17:02.080
Uh Alice, another important thing to track is uh everything related to, of course, Elon Musk, Sam Outman, AI, and how all the developments on that side affect crypto.
00:17:02.159 --> 00:17:07.200
Because we know, for example, that a lot of liquidity, and when I mean liquidity, I mean cash, I mean money.
00:17:07.279 --> 00:17:13.599
Like a lot of people that were investing in crypto are now looking at the AI sector and kind of like shifting their money from A to B, right?
00:17:13.680 --> 00:17:16.319
Um, so always good to have an eye on that market.
00:17:16.400 --> 00:17:18.640
And how is everything unfolding on that?
00:17:18.720 --> 00:17:25.759
Because I do remember there was something between Musk and Altman, and like you also have this AI bubble, let's say, growing and growing.
00:17:26.079 --> 00:17:27.920
What is the status of everything around there?
00:17:28.160 --> 00:17:32.000
It is a very busy weekend and last week indeed.
00:17:32.160 --> 00:17:41.200
Remember when the employees from Anthropic, OpenAI, like all quitting gradually and saying, quoting like basically, uh, we should stop this thing.
00:17:41.279 --> 00:17:43.200
This is getting so scary, it's none of my business.
00:17:43.279 --> 00:17:44.079
I'm getting out.
00:17:44.240 --> 00:17:48.079
That type of tweets got so much traction last week on X.
00:17:48.400 --> 00:17:54.400
So, what is happening right now is this huge debate of whether we should slow down the AI race or not.
00:17:54.559 --> 00:17:59.359
People seem to have different opinions, and also um, it's not just opinions, huh?
00:17:59.519 --> 00:18:09.119
It's impacting the stock market bigly because right now, even as we speak, we're seeing like a huge correction on uh on uh Nasdaq at the moment.
00:18:09.200 --> 00:18:11.359
It's almost down 1% already.
00:18:11.599 --> 00:18:21.599
Um, and then also not just that, you know, because uh tech takes such a big portion of FN uh SP 500 at the moment as well.
00:18:21.759 --> 00:18:29.359
So it is having a big impact on the market and just sending further um volatility across the different asset classes as well.
00:18:29.519 --> 00:18:30.640
So, what is happening?
00:18:30.799 --> 00:18:32.079
Why the debate?
00:18:32.319 --> 00:18:34.160
Because let's start from the beginning.
00:18:34.400 --> 00:18:40.079
Anthropis CEO Dario Among the He called for AI slowdown.
00:18:40.400 --> 00:18:45.119
And Musk, Elon Musk, and Sam Altman actually agreed with him on this.
00:18:45.279 --> 00:18:49.279
So this is very rare to say all of them agree on one thing.
00:18:49.599 --> 00:18:58.319
But as the most development, uh most recent development this morning, that we might have two uh sides of the argument now.
00:18:58.480 --> 00:19:06.319
We have, you know, the the top three CEOs on one side and Wall Street and Trump on the other side, saying no slowdown, please.
00:19:06.559 --> 00:19:07.680
So what is happening?
00:19:07.920 --> 00:19:15.119
Because uh anthropic CEO Dario, he called publicly for the frontier AI race to slow down on safety grounds.
00:19:15.359 --> 00:19:21.839
And remark remarkably, as we mentioned, Elon Musk and OpenAI Sam Altman lined up behind him as well.
00:19:21.920 --> 00:19:28.960
So Altman separately warned that humanity could, quote unquote, lose control of the future to AI.
00:19:29.119 --> 00:19:36.799
So this post alone drew over uh 2.6 uh thousand likes on X and very quickly took off.
00:19:36.960 --> 00:19:48.960
And Microsoft also published a provisional AI code for conduct pledging to keep its system under human control and has set limits on how powerful the future models can become.
00:19:49.119 --> 00:19:54.319
Nvidia, Palantir are reported to be limiting their use of anthropics models as well.
00:19:54.559 --> 00:20:04.640
President Trump, per the FT, reported that has rejected the tech boss's call upright, and US tech stocks fail on the news.
00:20:04.799 --> 00:20:08.160
And because, to be honest, it's a very difficult decision to make.
00:20:08.400 --> 00:20:16.319
On one side, yes, uh, there are security concerns that we've seen with some of the misbehaving of the AI models.
00:20:16.480 --> 00:20:26.000
It's not just the model themselves, I think it's to do with the people using them as well, that it's posting threats on society for especially for some sensitive industries.
00:20:26.160 --> 00:20:27.119
That's one thing.
00:20:27.279 --> 00:20:31.200
That's why some of the tech big CEOs are calling it to slow down.
00:20:31.519 --> 00:20:34.559
But on the other side, do you really have a choice?
00:20:34.799 --> 00:20:39.279
Because people describe this as a all or nothing race, right?
00:20:39.359 --> 00:20:42.960
You have all the big models, not just in the US, competing with themselves.
00:20:43.119 --> 00:20:47.200
You have some models in China as well that are growing really fast.
00:20:47.519 --> 00:20:51.680
At this point, it's not just, oh, can we slow down or not?
00:20:51.839 --> 00:20:58.480
Whether the the race is so close, one little misstep is gonna ruin the entire marathon.
00:20:58.720 --> 00:21:02.079
So we're coming to this point where it's very sensitive.
00:21:02.240 --> 00:21:08.160
Of course, Wall Street and Trump are saying no, full speed, you know, going front.
00:21:08.319 --> 00:21:15.200
But then on the tech side, they do have to bear the costs of some of this uh misalignments as well.
00:21:15.359 --> 00:21:17.759
So I think that's why it's a bit tricky.
00:21:17.839 --> 00:21:21.200
But then you guys ask, why does it matter for crypto show?
00:21:21.599 --> 00:21:22.400
Okay, okay.
00:21:22.559 --> 00:21:24.400
So two reasons why I included this.
00:21:24.559 --> 00:21:29.119
First, because the AI trade is the marginal buyer of risk right now, right?
00:21:29.200 --> 00:21:33.519
So if the AI CapEx story cracks, crypto is downstream of that.
00:21:33.680 --> 00:21:48.799
So Arthur Hay, for example, he made exactly this argument last week, saying that the AI industry is entering a phase of capital misallocation with money pouring into data centers and that the eventual onwind benefits Bitcoin and gold.
00:21:49.039 --> 00:21:54.960
Remember, guys, since the AI stock started to pump, we saw liquidity drawing up in crypto.
00:21:55.039 --> 00:21:59.839
And especially now, crypto, crypto, crypto are competing with tokenized stock.
00:22:00.160 --> 00:22:01.920
Stocks for liquidity as well.
00:22:02.079 --> 00:22:09.279
So maybe some of this cooldown on the AI step side can potentially bring the attention and capital back into crypto.
00:22:09.359 --> 00:22:10.640
So that's one of the reasons.
00:22:10.799 --> 00:22:13.200
If that's true, then it's bullish for us.
00:22:13.359 --> 00:22:18.880
But also remember, we do have some correlation with AI stocks as well.
00:22:18.960 --> 00:22:27.759
So let's see if NVIDIA's stock and all these AI stocks, especially, you know, the pre-IPO potentially for open air and anthropic this year.
00:22:28.079 --> 00:22:29.440
Is that gonna happen or not?
00:22:29.599 --> 00:22:32.480
We have to keep an eye on that.
00:22:32.720 --> 00:22:42.160
Um, so yeah, so that's the main reason why we definitely need to pay more attention to this and see whether we can expect that capital rotation back into crypto.
00:22:42.480 --> 00:22:44.720
Hopefully it happens, Alice, at some point.
00:22:44.799 --> 00:22:51.200
I think that's what what all the 8K plus people that are listening to us are waiting for, to be very honest with you.
00:22:51.359 --> 00:22:53.599
Like uh we love AI, we use AI, right?
00:22:53.680 --> 00:22:54.480
Every single day.
00:22:54.559 --> 00:23:10.319
Um, I think that I would guess 100%, but at least 90 whatever percent of the people listening to us use it every day, like are involved with that somehow, somehow, are building stuff or just like do something for um, I mean, make their jobs easier or better or whatever.
00:23:10.480 --> 00:23:15.200
And um, we understand the importance of that, but the reality is that we need that money back in crypto.
00:23:15.279 --> 00:23:45.119
So please, I mean, get get back to us because I also think, I mean, just looking at it rationally, um, and it's it's very similar to a lot of things in the market, and I think it's a discussion that um economists have been trying to have and trying to define this, like from I don't know, it's one of the older discussions in economy, I think, which is what actually brings value to something and well, how is value actually uh I mean evaluated, like and how you can actually attribute value to something or this and that.
00:23:45.279 --> 00:23:46.960
So we call bubbles, right?
00:23:47.039 --> 00:23:50.960
We we talk about this as a bubble, oh the AI bubble, as the dot-com bubble, etc.
00:23:51.200 --> 00:23:52.559
But like, is it a bubble?
00:23:52.640 --> 00:23:54.160
Like, how big can this market be?
00:23:54.480 --> 00:23:56.319
Uh, if everyone uses it.
00:23:56.559 --> 00:24:03.039
So there are some irrational points behind it, but at the same time, some that make absolutely no sense.
00:24:03.200 --> 00:24:04.160
So it's very hard.
00:24:04.240 --> 00:24:10.240
That's the reality for us to make any kind of assumptions, and there is a lot of smart people that are involved on that.
00:24:10.400 --> 00:24:12.559
So, regardless, keeping an eye on it.
00:24:12.640 --> 00:24:18.079
Hopefully, that money comes back, and through that, we actually have a really, really good bull market for crypto.
00:24:18.160 --> 00:24:26.960
Because I'll tell you one thing I think the people that are investing in AI at the moment are not necessarily like fans of like AIX or AIZ or this and that.
00:24:27.119 --> 00:24:33.920
So I think that as money and as capital rotates, they will rotate with it, and crypto is kind of like right there for them to grab.
00:24:34.079 --> 00:24:35.519
So I don't think they will be afraid of that.
00:24:35.680 --> 00:24:39.599
It's as risky as anything else right now that we have ETFs and all that.
00:24:39.680 --> 00:24:44.880
It's just like the risk is not that different, in my opinion, at least uh when I think from their perspectives.
00:24:45.039 --> 00:24:46.960
So let's see, let's wait and see.
00:24:47.119 --> 00:24:50.559
Put that aside, I think there are a lot of other things that affect the markets.
00:24:50.640 --> 00:24:56.640
One of them is, of course, central banks and how they, I mean, just change the interest rates and everything related to it.
00:24:56.720 --> 00:25:01.920
Like, you know, when you talk about inflation, how they defend inflation, how they push inflation here and there, etc.
00:25:02.079 --> 00:25:03.839
Like all those macro factors.
00:25:04.000 --> 00:25:11.119
And I know there are a lot of things that happen with central banks across the globe that you want to cover, and specifically also some stuff happening with the UK, right?
00:25:11.200 --> 00:25:18.960
So please go ahead and cover that for us because it affects not just that's the thing about big markets, big local economies, such as the US.
00:25:19.119 --> 00:25:23.680
It does not affect only the local economy, it goes the effect goes a little bit beyond that.
00:25:23.839 --> 00:25:30.720
So, I mean, enlighten us on what is happening and why should we be bullish or bearish on what's going on with some central banks?
00:25:30.880 --> 00:25:38.079
Yeah, I've also never seen a week full of major central bank movements like this, huh?
00:25:38.240 --> 00:25:46.079
We've been watching this for years, but so many first time things, blah blah coming up this year, at least this week.
00:25:46.240 --> 00:25:47.519
So, what's going on?
00:25:47.839 --> 00:25:57.759
Three central banks this week, and the 10-year US Treasury yield is at 5%, which is scary, very scary.
00:25:57.839 --> 00:25:59.039
And let me tell you why.
00:25:59.200 --> 00:26:00.799
And let me tell you what this is.
00:26:00.960 --> 00:26:06.480
Because the the US 10-year treasury yield has hit 5% for the first time since 2023.
00:26:06.799 --> 00:26:12.400
Following the inflation shock, um, and FT traced this back to the Iran war.
00:26:12.640 --> 00:26:23.839
Um, and Goldman, and because of this, uh US, because you have to remember, like US Treasury, uh, 10-year treasury is the baseline for a lot of things in financial markets, right?
00:26:24.000 --> 00:26:29.440
A lot of, for example, even in crypto, stablecoin strategies, all this like our basis trades, all that.
00:26:29.599 --> 00:26:32.319
This is the fundamental of the credit market.
00:26:32.720 --> 00:26:42.400
So because this hit 5% is such a high level and different to 2020, 2023, because 2023, the inflation is not this high.
00:26:42.559 --> 00:26:43.920
We didn't have a war back then.
00:26:44.000 --> 00:26:57.359
Like we had a bit of US uh sorry, the bit of uh Russian um Ukraine uh conflicts, but uh but at the time, some of the major global economies were not so involved as this time.
00:26:57.599 --> 00:27:01.839
And back then, the we didn't have the AI threat of job losses.
00:27:02.000 --> 00:27:04.960
We didn't have a lot of other problems that we have right now.
00:27:05.119 --> 00:27:13.680
So if this happened back then, we have a way to control, but if this happens now, do central banks actually have a solution?
00:27:13.920 --> 00:27:25.519
And we are seeing indeed that they started to panic and they panic and doing the only thing they can do is potentially gonna make the market worse, and nothing else would work.
00:27:25.759 --> 00:27:26.799
So why?
00:27:27.119 --> 00:27:34.000
Goldman Sachs, they ret they retraced its no-hike forecast and joined the other major banks.
00:27:34.079 --> 00:27:45.039
So we are talking about CME FedWatch has markets pricing roughly an 87% possibility, okay, of a 25-bips hike on Wednesday.
00:27:45.119 --> 00:27:47.680
So coming up this week, we are gonna see that decision.
00:27:47.839 --> 00:27:56.640
And on top of that, the Bank of Japan is expected to take rates to 1.25%, the highest since 1995.
00:27:56.880 --> 00:28:12.640
There's something so special about the Japanese market because that's the underlying liquidity for the global markets because back then of this low interest rate in Japan, and then a lot of the derivatives trading are able to do the ARB in that market.
00:28:12.720 --> 00:28:18.160
So that fundamentally pumps the liquidity globally in the financial markets.
00:28:18.319 --> 00:28:29.680
So what is happening now is uh because the Japan uh effects has been growing to a point where all this, a lot of this arbitrage opportunities have no longer existed.
00:28:29.839 --> 00:28:37.519
Now, for the past few weeks, the US and the uh Bank of Japan, BOG, have worked so closely together trying to control that.
00:28:37.680 --> 00:28:40.960
And yet all of this effort is undone now.
00:28:41.119 --> 00:28:49.119
Basically, all this money that US has chucked in for the past few weeks, trying to solve this by taking out more debt as well, is not working.
00:28:49.279 --> 00:28:55.599
So Bank of Japan is likely to raise the interest, uh raise the again highest since 1995.
00:28:55.839 --> 00:29:08.799
And plus, there's already controversy of you know, you as the US Treasury Secretary trying to impact the uh decision of another country, of another sovereign, of another central bank.
00:29:09.039 --> 00:29:15.680
Um, because uh, yeah, so even with those controversies, you still can't get this done, you still can't get this under management.
00:29:15.839 --> 00:29:17.920
So maybe we have some some issue now.
00:29:18.079 --> 00:29:23.200
On top of that, the third central bank joining the table this week is Bank of England.
00:29:23.359 --> 00:29:31.359
They are good news, is they are expected to hold the rate, but they're likely to signal a possible race later in the year as well.
00:29:31.519 --> 00:29:35.519
So this year, we're gonna see Bank of Japan FX Challenge.
00:29:35.599 --> 00:29:41.279
We're gonna see US uh hiking the interest rate by 25 bibs, potentially Bank of England joining the race as well.
00:29:41.359 --> 00:29:44.799
And Central Bank of uh Europe has already done that.
00:29:45.039 --> 00:29:58.400
And on top of that, the oil price is now uh bronze above 109 USD after Saudi shot a major export pop pipeline over the weekend following the attack as well.
00:29:58.559 --> 00:30:05.599
So, this all this together is making it really, really difficult for TritFi to trade.
00:30:05.680 --> 00:30:12.000
Like I know, I know we are in crypto, we are suffering, but being traditional financial market this week is not fun.
00:30:12.160 --> 00:30:24.319
And if you put things into perspective, Bitcoin right now is still above 78k and Nikai, the um Japanese index, lost 8.4% in a month.
00:30:24.559 --> 00:30:28.480
So this data comparison itself is quite interesting already.
00:30:28.559 --> 00:30:32.240
Again, coming to the point I was making previously, why does this matter for us?
00:30:32.400 --> 00:30:33.519
Look at the stats.
00:30:33.759 --> 00:30:42.799
Maybe crypto is becoming a lot more attractive to the traditional financial markets compared uh with what they're with what what they're dealing right now.
00:30:43.119 --> 00:30:49.119
Alice, I just hope so, because that will be, I think, one of the catalysts for uh this next leg up.
00:30:49.440 --> 00:30:51.599
We understand how this all this affects.
00:30:51.759 --> 00:31:11.039
I think that when you when you join crypto for the first time, CoinGo, what makes like the altcoin goals, like what is the outseason, how that logic actually I mean plays out, and then you start to understand that actually it's just one more asset class um within a much bigger economy game, let's put it like this.
00:31:11.119 --> 00:31:13.119
At least that's was my experience in crypto.
00:31:13.200 --> 00:31:17.680
I got in crypto, not like through the traditional market, I got in the traditional market through crypto.
00:31:17.759 --> 00:31:24.960
So it's like it's uh it's let's say uh a kind of like reverse engineering approach, at least for me, and I think for many, it's very similar.
00:31:25.200 --> 00:31:34.880
And um just understanding that crypto has, I mean, a very important position as an asset class within all that, and that little by little it's getting easier.
00:31:34.960 --> 00:31:46.240
Um, I mean, it's getting an easier access and it's uh growing and it's stabilizing establishing itself as hey, um, one of the most um one of the asset classes with the most upside.
00:31:46.319 --> 00:31:48.000
I think that's really, really cool to see.
00:31:48.160 --> 00:32:00.400
Hopefully, as you've mentioned by the end of your uh of our talk there, we start seeing more and more, uh not just um central banks through reserves and that kind of stuff, because we heard that about Trump.
00:32:00.559 --> 00:32:02.559
Trump mentioned it several times.
00:32:02.720 --> 00:32:04.880
It never became official, right?
00:32:04.960 --> 00:32:07.759
But he has flirted with this idea for a long time.
00:32:07.839 --> 00:32:11.119
And I think if you think of a relationship, that's kind of how things start.
00:32:11.279 --> 00:32:22.160
Like you start flirting, and then you start to making it more serious, and then you put pen to paper and right, and then you engage yourself and you make it a long-term commitment to actually do that thing.
00:32:22.319 --> 00:32:39.519
So hopefully we're in the process, and sooner rather than later, we can see uh not just central banks start adding crypto to their portfolios, but reserves and that kind of thing, and just like more economies being involved with that, because that will bring more liquidity to the market and therefore will be better for everyone involved.
00:32:39.599 --> 00:32:47.599
And the sooner you get involved, the better will be for you out there that is probably listening to us and thinking, like, hey, uh is it good for me?
00:32:47.680 --> 00:32:50.400
And I'll tell you, yeah, I think I think it is, right?
00:32:50.559 --> 00:33:01.279
So, yeah, let's I mean, um at the end of the day, I'm excited for what you're talking about, but I understand at the same time that it's not happening next week necessarily, it's going to take a while for all those things to develop.
00:33:01.359 --> 00:33:02.720
So let's wait and see.
00:33:02.799 --> 00:33:11.920
But as you said, as you said before as well, which is something I wanted to echo and want to highlight, this is a very bold week for the macro side as well.
00:33:12.000 --> 00:33:16.319
A lot of first-time things are not happening a long time, happening this week.
00:33:16.400 --> 00:33:28.880
So people should be aware because when you go through TA today, I'll mention about some price rangers, and because of all those catalysts, we may see BTC actually touching those rangers, and from that point onwards, we don't know what's gonna happen.
00:33:29.039 --> 00:33:34.559
So, with that said, Bob, back to you because I know you still have some other stuff you want to go over, so make sure to take care of it.
00:33:34.799 --> 00:33:40.160
Yeah, I'll quickly run through this because um I also want to hear from uh Gap as well.
00:33:40.319 --> 00:33:41.119
A few things.
00:33:41.279 --> 00:33:48.240
Number one is what's interesting is UK moved to exempt tokenized gold from fund rules.
00:33:48.400 --> 00:33:53.359
So now tokenized gold doesn't need to follow all the restrictions that funds have.
00:33:53.599 --> 00:33:58.720
Hopefully, this will release a lot more adoption of tokenization, especially when it comes to gold.
00:33:58.799 --> 00:34:00.400
I think it that that'd be quite interesting.
00:34:00.480 --> 00:34:02.240
But again, just my personal opinion.
00:34:02.400 --> 00:34:06.160
If you're already investing in gold, why don't you just hold the gold bars?
00:34:06.240 --> 00:34:07.440
Um, anyways.
00:34:07.599 --> 00:34:20.000
Uh going forward, we also have uh update on buying, institutional buying, because bit uh, well, strategy didn't buy any Bitcoin this week, Bitmine did buy Ether.
00:34:20.239 --> 00:34:32.159
So BitMind bought 27,180 ether last week, and their holding is now just close to 5.9 million uh ether on their hand.
00:34:32.480 --> 00:34:44.000
And their average purchase price was 2.5 uh thousand per ether, and they are now like allocating majority of them into staking rewards as well.
00:34:44.239 --> 00:34:48.320
And the last part from my side is on ETF flows because this is quite interesting.
00:34:48.400 --> 00:34:53.360
I think uh Gab also flagged this as a topic on CMC last week.
00:34:53.679 --> 00:34:58.960
We saw a institutional rotation out of Bitcoin and oh going into ether.
00:34:59.360 --> 00:35:08.880
And we have seen last week around 460 million USD of outflows from spot Bitcoin ETFs for in the US.
00:35:09.119 --> 00:35:13.760
We had three weeks' net inflows and last week broke.
00:35:14.079 --> 00:35:33.920
And money has flown into spot ether etfs, ether etf backed in uh bagged in 200 million USD inflows, so 5 million, well 4.4.6 million out to 4.6 sorry, 460 million out, 200 million into ether.
00:35:34.000 --> 00:35:40.400
But majority of the ether just went into one single fund, which is Black BlackRock's uh Ethereum Fund.
00:35:40.719 --> 00:35:43.760
So those are the institutional rotation side.
00:35:43.920 --> 00:35:47.360
And uh Gab, do you have any other interesting news for us?
00:35:47.920 --> 00:35:50.480
I mean, a couple just things I want to mention.
00:35:50.559 --> 00:35:56.719
Like one is uh related to bridges, just a heads up for everyone out there that is using bridges to trade on changes.
00:35:56.960 --> 00:35:59.920
Like true crypto bridges got hacked in two days this last week.
00:36:00.079 --> 00:36:03.920
Uh, I think symbios is on Friday and Chain Flip on Saturday.
00:36:04.000 --> 00:36:19.119
So um, for the ones that don't know or don't trade too much on chain, just for you guys to understand what I'm talking about, a bridge is basically something that moves your coins from blockchain A to blockchain B, such as, for example, from Bitcoin to BNB chain or vice versa, or Ethereum to Solana, etc.
00:36:19.360 --> 00:36:30.719
So uh on Friday, a bug on Symbios is actually uh Symbiosis Bitcoin Bridge specifically, let a hacker create billions, Alice, billions of fake Bitcoin tokens out of nothing.
00:36:30.800 --> 00:36:38.639
Uh, but they only managed to cash out about I think 300k plus a little bit more than that before running out of buyers on that.
00:36:38.800 --> 00:36:40.639
So um it was a whole other system.
00:36:40.800 --> 00:36:42.000
Saturday, different bridge.
00:36:42.159 --> 00:36:46.960
Chainflip was tricky into paying the same refund over and over again.
00:36:47.119 --> 00:36:57.280
They lost about 700k, uh, shut itself down completely through the weekend, potentially coming back live today or through this week.
00:36:57.519 --> 00:37:03.199
Both teams say the affected users will get their money back, and Chainflip aims to be back online today, as I mentioned.
00:37:03.280 --> 00:37:10.800
So um, I think the main takeaway for regular users out there, the people that are using bridges are the ones that are thinking of doing so and the ones that have never done it.
00:37:10.880 --> 00:37:15.760
Okay, bridges today are I think the riskiest part of crypto, right?
00:37:15.840 --> 00:37:20.320
Um, for whoever is in the trenches, I think they are the the hardest part to deal with.
00:37:20.559 --> 00:37:26.639
So if you move your coins between chains, don't leave funds sitting anywhere longer than you need to.
00:37:26.800 --> 00:37:36.239
And as another thing, if you want to bridge from blockchain A to blockchain B, there is always another route, which is I know it's not ideal.
00:37:36.320 --> 00:37:41.679
And for everyone that is in the device space or is very deep in crypto, you don't want to necessarily do that, but there is a way, right?
00:37:41.840 --> 00:37:44.880
You need to compromise in order to get what you want.
00:37:44.960 --> 00:37:50.400
So if you want to be fully safe, you can actually deposit this on an exchange and withdraw to another chain, right?
00:37:50.559 --> 00:37:58.639
If it's the same asset, if it has uh the I mean, if the exchange has a route to do so, this is something that you also need to check first, right?
00:37:58.800 --> 00:38:05.920
I mean, can you withdraw from like from this specific token to this specific uh blockchain through that exchange?
00:38:06.000 --> 00:38:06.559
Yes, no.
00:38:06.719 --> 00:38:07.760
Do they offer that service?
00:38:07.840 --> 00:38:08.400
Yes, no.
00:38:08.480 --> 00:38:12.880
I mean, the cost that you're going to pay because you're doing more transactions than the actual bridge.
00:38:12.960 --> 00:38:20.719
So I think that you need to evaluate a lot of things, but at the end of the day, there are options, you don't need to use bridges, you can go other ways.
00:38:20.880 --> 00:38:24.239
And um, I just think it's I mean, it depends.
00:38:24.320 --> 00:38:28.719
If you're very comfortable with the bridges that you're using, and I can tell by myself, I do use bridges.
00:38:28.880 --> 00:38:35.519
Uh, but I mean, I feel comfortable with the amount of like stuff that I'm bridging from one place to another, and I know the risks I'm taking.
00:38:35.679 --> 00:38:39.360
And if you know, oh, good, but do your own research and make sure to stay safe out there.
00:38:39.440 --> 00:38:44.320
I think uh community feeling overall, I think it's um it's it's exactly that.
00:38:44.400 --> 00:38:48.719
The bridges are the weakest link in crypto today, though both teams reacted fast.
00:38:48.880 --> 00:38:54.079
Uh the losses were not too big, and they said that no users will be uh affected.
00:38:54.239 --> 00:38:56.079
Um, their money, they get their money back.
00:38:56.159 --> 00:39:00.719
I think at the end of the day, it's just like something that I mean it stays there on your head, right?
00:39:00.800 --> 00:39:01.599
You keep thinking about it.
00:39:01.679 --> 00:39:05.360
And the second one that I want to mention is uh Bitcoin's liquid network.
00:39:05.519 --> 00:39:14.400
Um, there was something um on the network that refused they refused it actually a hacker's ransom, which was interesting, an interesting story from the weekend.
00:39:14.559 --> 00:39:18.880
Basically, the background is liquid is a bitcoin sidechain that is run by Blockstream.
00:39:19.039 --> 00:39:23.039
Uh, basically, in there you hold L BTC, Liquid BTC.
00:39:23.119 --> 00:39:27.199
Um, it basically a voucher that is supposed to be backed one by one by real bitcoin.
00:39:27.360 --> 00:39:35.440
And a less uh less week a bug led a hacker to print print more than 4k of those uh vouchers with no bitcoin behind them.
00:39:35.599 --> 00:39:49.119
Um, I mean, long story short, people are bullish on Brockstream for one reason, because uh they said no when the hacker demanded a 10% reward for the rest of the BTC that he has not gave back yet.
00:39:49.280 --> 00:39:53.920
Um, they said no, they call it a crime, and they promised to cover all the missing BTC.
00:39:54.000 --> 00:40:05.519
So this was kind of it ended up being bullish for them, but definitely something that I think no company wants to go through because you're actually taking our profits to cover something that is that was going to be a user loss.
00:40:05.599 --> 00:40:12.239
So, I mean, all in all, Alice, be careful with uh, I mean, sidechains, bridges, mostly bridges, guys.
00:40:12.320 --> 00:40:17.599
Be very careful out there, but regardless, this is those are the things that I wanted to share, just so everyone is.
00:40:17.760 --> 00:40:22.960
I mean, I keep them on their toes when using the DeFi space, it's not easy, it's not for everyone.
00:40:23.199 --> 00:40:27.840
Um, yeah, adoption is going to take a long time unless we solve those problems.
00:40:27.920 --> 00:40:31.760
But regardless, I mean, it's out there, it's good to be on the trenches, but you need to be safe.
00:40:32.000 --> 00:40:36.639
Agreed, I think that's definitely one of the key things when especially during all this.
00:40:36.719 --> 00:40:42.400
Um when you are getting into deep DeFi stuff, I think security is definitely the main concern.
00:40:42.719 --> 00:40:45.280
The deeper you go, the crazier it can get.
00:40:45.440 --> 00:40:51.760
So that's just something you need to have in mind whenever you are doing some DeFi stuff and mostly fancy stuff, right?
00:40:51.840 --> 00:40:59.119
Be careful because I mean, if there is fancy stuff going on, if you're trying to be fancy with your money, people are going to do fancy things to try to steal it from you as well.
00:40:59.360 --> 00:41:01.360
That said, Alice, can I move into TA?
00:41:01.519 --> 00:41:06.000
I think I already have my screen sharing on, and people can already see.
00:41:07.440 --> 00:41:09.039
I'll do as I've been doing lately.
00:41:09.119 --> 00:41:15.599
I'll just make sure to show you guys the post from Crypto Xeno right here to kick things off, but I'll make the chart a little bit bigger.
00:41:15.760 --> 00:41:18.159
Let me do some zoom in here.
00:41:18.320 --> 00:41:22.079
Okay, maybe I did too much, so I cannot do too much.
00:41:22.239 --> 00:41:25.760
Okay, this seems to be the biggest I can get at the moment, at the point.
00:41:25.840 --> 00:41:30.480
Um, so this is a structural anchor for everyone here from CryptoZeno.
00:41:30.719 --> 00:41:33.840
Basically, he zooms out and makes a historical case.
00:41:33.920 --> 00:41:38.000
He says that every bear market bottom has been confirmed the same way.
00:41:38.239 --> 00:41:50.639
Major short liquidity event that breaks price out of the bottoming range, and that's exactly what last week's move was, with about 1.2 billion in shorts liquidated as Bitcoin climbed.
00:41:50.960 --> 00:41:54.639
His second point is uh is the one to remember right here.
00:41:54.719 --> 00:41:59.039
He mentions that these breakouts are rarely followed by a big retracement.
00:41:59.199 --> 00:42:03.519
Price tends to range sideways for a while and then continue higher.
00:42:03.760 --> 00:42:12.880
The conclusion here is new longs aren't necessarily coming, and the job now is to look for those longs.
00:42:13.119 --> 00:42:16.719
No exact levels, but it's the frame for everything else.
00:42:16.880 --> 00:42:24.079
The chop we're in is in this reading, the normal digestion phase after the bottom, not necessarily a top.
00:42:24.239 --> 00:42:29.760
So basically, what she's telling us is like, hey guys, we're going to stay around here for a while.
00:42:30.079 --> 00:42:31.360
Let's see what happens later.
00:42:31.440 --> 00:42:40.800
The longs still have not been set because the structure doesn't point to it, but soon enough we start to get those longs going, potentially when we break 80k.
00:42:40.880 --> 00:42:43.760
But I'll get to that price level very, very soon.
00:42:44.000 --> 00:42:47.760
Not before I go through crypto's guru post right here.
00:42:47.840 --> 00:42:50.159
The chart is big enough, I think, for everyone to see.
00:42:50.239 --> 00:42:52.880
And he mentions a couple interesting things, right?
00:42:53.039 --> 00:42:57.039
Um, he's basically looking at the one-hour chart, so it's important for you guys to notice that.
00:42:57.119 --> 00:43:06.880
And he sees a double bottom, two lows at almost the same price, in this case, around 76.4, with the second one holding and momentum starting to turn up.
00:43:07.119 --> 00:43:11.039
Buyers, in his words, are defending that level aggressively.
00:43:11.119 --> 00:43:13.840
Whenever we touch that, boom, boom, boom, people start buying again.
00:43:14.000 --> 00:43:16.400
And the trigger in his view is actually clear.
00:43:16.559 --> 00:43:19.039
He mentions that a clean breakout above 80k.
00:43:19.280 --> 00:43:20.320
That uh that's it.
00:43:20.480 --> 00:43:22.960
Okay, but others will mention about the same range still.
00:43:23.039 --> 00:43:34.559
So, I mean, hold on, would confirm the pattern to open a move toward 84k, and that's potentially the range between 80 and 84, where people will start setting the longs mentioned by uh the first analyst.
00:43:34.639 --> 00:43:36.159
I think it was Crypto Zeno, right?
00:43:36.320 --> 00:43:45.280
Um, that's a target and this target like from 80 to 80k is not random, it's roughly the height of the pattern projected upward from the breakout point.
00:43:45.440 --> 00:43:48.400
So um, I think overall his sentiment here is bullish.
00:43:48.559 --> 00:43:54.559
He mentions that bulls are slowly reclaiming control, so whenever you go down, boom, bulls are back in action.
00:43:54.719 --> 00:43:59.760
And the catch is really that 80k, it's the same level everyone else on the list is watching you.
00:44:00.159 --> 00:44:05.360
Guys will notice that so the pattern is the same for absolutely all the analysts out there.
00:44:05.440 --> 00:44:09.599
Everyone is looking at the same prices, and that's when the price becomes a real thing.
00:44:09.760 --> 00:44:15.199
If you're listening to us right now and you're that person that never trusted TA, you're like, Oh, this is just chart analysis.
00:44:15.280 --> 00:44:18.159
Like, why would we trust candles and this and levels and that?
00:44:18.400 --> 00:44:20.159
Well, it's a chicken and egg problem.
00:44:20.320 --> 00:44:25.360
Uh, do the price levels exist because people trade, or do people trade because the price levels exist, right?
00:44:25.519 --> 00:44:31.840
The the key point is everyone is looking at the same charts, so everyone is looking at the same prices, and therefore you should be doing the same.
00:44:32.000 --> 00:44:36.239
That's kind of like the main takeaway that I can get to you guys after a couple years in crypto.
00:44:36.320 --> 00:44:38.159
So, um, third analyst here.
00:44:38.239 --> 00:44:42.000
Uh, I'll make sure to mention uh the name before I actually go to it, but it's Mr.
00:44:42.320 --> 00:44:43.840
FX, so it's a good name.
00:44:43.920 --> 00:44:44.559
I like the name.
00:44:44.639 --> 00:44:45.920
Um, started well.
00:44:46.159 --> 00:44:54.960
So he mentions he uses actually a volume profile here that is drawn from the recent high at about 82.3k and the recent low about 76.
00:44:55.280 --> 00:44:56.719
Uh yes, 76.
00:44:56.880 --> 00:44:58.960
Um, and he mentions a quick refresher here.
00:44:59.039 --> 00:45:06.800
The profile shows how much volume traded at each price, and the fattest bar is where the market did the most business, right?
00:45:06.880 --> 00:45:09.039
More buying and selling the volume and all that.
00:45:09.119 --> 00:45:11.199
So that's why it's a volume profile.
00:45:11.280 --> 00:45:23.599
Uh, here um, that's roughly we're now roughly at 79.8, which uh he's calling here the most traded bearish zone because that's where sellers were most active on the way down.
00:45:23.760 --> 00:45:26.800
From there, the layout both roads.
00:45:26.880 --> 00:45:35.920
Uh, the long scenario here is if price dips to retest the demand zone around 77 first, holds, and then continues higher.
00:45:36.239 --> 00:45:37.360
That could be a thing.
00:45:37.679 --> 00:45:39.760
The other scenario, the short scenario.
00:45:39.840 --> 00:45:41.199
So we mentioned the long scenario.
00:45:41.280 --> 00:45:53.519
Now the short scenario, which is a different one, is price runs up, tap that high volume area near 82k, feels the order sitting there, and then gets sold off sharply.
00:45:53.679 --> 00:45:54.639
So this is another thing.
00:45:54.719 --> 00:45:57.519
This is the bad side, the downside, the bare side of things, right?
00:45:57.679 --> 00:46:05.280
Um, in his own bias here, he mentions that uh he leans a little bit on the longer side of things just because of the strength of the last 24 hours.
00:46:05.519 --> 00:46:20.480
But the value levels for you guys to be keeping an eye to would be 77.6 to buy a dip, and 79.8 as the wall, the wall, the resistance, whatever you want to call it, that is actually I mean preventing BTC to go higher.
00:46:20.559 --> 00:46:24.159
So 82.3k would be a sell zone for short term.
00:46:24.239 --> 00:46:27.039
So 82.3k sell zone short term.
00:46:27.119 --> 00:46:29.199
Uh, but this is of course his analysis, right?
00:46:29.280 --> 00:46:37.920
Um, it's not me, I don't necessarily agree with everything, but I think it's a really good analysis, and you guys should be aware of that because we need to know what the hell traders are thinking about.
00:46:38.159 --> 00:46:40.480
Last one from today is from Gabby here.
00:46:40.719 --> 00:46:43.440
Um, and he or she, I don't know, mentioned that.
00:46:43.519 --> 00:46:45.440
Um, mentioned actually a warning shot.
00:46:45.519 --> 00:46:55.599
He points out that Bitcoin tried to break higher and got rejected right around 79, which is a supply zone mentioned by the latest one already, and a level where sellers have repeatedly shown up.
00:46:55.679 --> 00:47:04.159
So you guys know 79 people are selling at 79, but people are also buying at 76, and that's why we're stuck in this crazy price window.
00:47:04.320 --> 00:47:07.360
Price is now trading below 79 just for a little bit.
00:47:07.440 --> 00:47:09.119
Um, and at least on the time of the post.
00:47:09.360 --> 00:47:11.920
I actually don't know what's the price now, but I'll check it in a bit.
00:47:12.159 --> 00:47:26.079
Um, and uh supply while we still holding above that demand area of 76, so demand at 76, selling pressure at 79, the brother structure is still a descending channel of lower highs and lower lows.
00:47:26.159 --> 00:47:36.559
And the read here is if sellers stay in control at that the center structure holds, 76.8 is the level to watch next, and losing it can open the door to lower levels.
00:47:36.800 --> 00:47:41.679
But I mean, let's be honest also about what kills the bear case.
00:47:41.840 --> 00:48:00.639
Probably a clean breakout above 79 to 80k, 80k, in my opinion, is the number, not necessarily just 79, but until then, not force any trade, and that's why people are not necessarily open long opening longs just yet, because they want to make sure that hey, Bitcoin has surpassed it 79, has surpassed 80k.
00:48:00.719 --> 00:48:01.920
Now I'm cool to open my long.
00:48:02.239 --> 00:48:12.079
So the key point here is guys, if you put it all together, the four together here, Bitcoin is boxed it between two levels, like it's 76 and that's 79 to 80k range.
00:48:12.239 --> 00:48:12.800
That's about it.
00:48:12.880 --> 00:48:15.039
That's when people are selling, that's when people are buying.
00:48:15.199 --> 00:48:21.360
People are only going to open loans when BTC goes above that, just because right now a lot of uncertainty on what's gonna happen next.
00:48:21.440 --> 00:48:24.880
And as Alice mentioned, a lot of things taking place this week.
00:48:25.039 --> 00:48:27.360
You have Clarity Act tomorrow, some stuff.
00:48:27.440 --> 00:48:29.519
The Senate will shake things up, probably.
00:48:29.679 --> 00:48:32.480
You have Fed decisions on Wednesday hike.
00:48:32.639 --> 00:48:34.639
I mean, what is going to happen?
00:48:34.880 --> 00:48:42.559
So until those moves actually take place, expect some chop between this box, I mean, inside this box between 76 and 79.
00:48:42.719 --> 00:48:51.679
But afterwards, after Wednesday or through Thursday or two through Tuesday to Wednesday, we should see the price making a decision if we're going lower or higher.
00:48:51.920 --> 00:48:54.079
And I mean, I hope it's higher, guys.
00:48:54.159 --> 00:48:58.320
Uh, but that's uh that's I think what you should be looking for on the T A next.
00:48:58.559 --> 00:49:02.320
Alice, we are now live trading at 78.5.
00:49:02.400 --> 00:49:08.400
And I want to ask you, do you feel like we have a higher probability of surpassing 79 or going below 76?
00:49:08.719 --> 00:49:13.360
Interesting range because 76.4 to 78.7, 79.
00:49:13.519 --> 00:49:14.480
Okay, interesting.
00:49:14.639 --> 00:49:19.599
Uh, I personally has a lot more bullish vibes for this week.
00:49:19.760 --> 00:49:25.599
And it's um, I'm not just saying that because I want to be bullish, it's because I think the bearish side has been pri priced in.
00:49:25.920 --> 00:49:36.000
I mean, even in the prediction market, I think people are not anticipating uh a very great, you know, regulation uh decision this this this week.
00:49:36.079 --> 00:49:38.000
But even with that, the price is staying strong.
00:49:38.079 --> 00:49:41.840
Plus, you know, with interest rate hike, we're gonna see more liquidity coming in.
00:49:41.920 --> 00:49:48.079
Oh, plus you mentioned this about Trump giving everyone 5,000 USD uh liquidity.
00:49:48.239 --> 00:49:52.239
So we we might get a new injection of liquidity into the market.
00:49:52.320 --> 00:49:54.960
So hopefully it's a lot more bullish news from here.
00:49:55.440 --> 00:49:56.719
Let's see, let's see if that happens.
00:49:56.800 --> 00:50:04.639
And for everyone that is wondering like where the price was in the last seven days, just look at the screen right now, go to CoinMarketCap and you see exactly guess what?
00:50:04.800 --> 00:50:07.119
Between 79 and 76.
00:50:07.280 --> 00:50:08.960
So that's what we've been trading.
00:50:09.199 --> 00:50:11.039
The exactly range we've been trading.
00:50:11.119 --> 00:50:18.239
And if you look down here, the volume is actually going down and down and down and down, and now it's starting to ramp up again.
00:50:18.480 --> 00:50:21.360
So something probably is cooking around here, guys.
00:50:21.440 --> 00:50:25.599
Be aware because the price may move this week upwards or downwards.
00:50:25.760 --> 00:50:26.559
Let's wait and see.
00:50:26.639 --> 00:50:31.920
But I think from midweek to later in the week, we should have some sort of decision on BTC.
00:50:32.000 --> 00:50:43.519
Hopefully, because at the same time, if we just get more, let's say, I mean, more nothing news out of everyone, the clarity act kind of stays the same, and the Fed doesn't necessarily really move the markets.
00:50:43.679 --> 00:50:45.199
We're going to stay around here for a while.
00:50:45.280 --> 00:50:48.000
So, yeah, that's uh that's my two cents.
00:50:48.079 --> 00:50:52.960
I hope I helped you, I guide you at least on knowing what people are thinking.
00:50:53.119 --> 00:51:00.000
Uh Alice, I know you have some TA took over, so please go ahead and do it because people must know about that as well.
00:51:01.039 --> 00:51:02.639
Yeah, token unlocked.
00:51:02.800 --> 00:51:04.639
I have five names to share this week.
00:51:04.800 --> 00:51:16.480
Number one is StarkNet Tigger S T R K getting unlocked on the 15th of September for about 3.5% circulating supply valued around 3.6 million USD.
00:51:16.639 --> 00:51:27.360
Number two, we have SI, Tiger S E I, getting unlocked on Monday 15th as well for about 0.86% of circulating supply valued around 2.5 million USD.
00:51:27.519 --> 00:51:38.719
Number three, we have Arbitrum Ticker ARB getting unlocked on 16th of September for 1.6% of circulating supply valued around 12.7 million USD.
00:51:38.880 --> 00:51:51.039
Number four, we have Lista Dow Ticker L I S D A getting unlocked on 20th of September for 5.1% of circulating supply valued around 2.6 million USD.
00:51:51.280 --> 00:51:55.519
Last but not least, we actually have the biggest unlock this week from layer zero.
00:51:55.599 --> 00:52:04.239
So ticker ZRO getting unlocked on the 20th as well for 4.22% of circulating supply valued around 26 million USD.
00:52:04.400 --> 00:52:05.840
Uh, those are the major ones.
00:52:06.000 --> 00:52:10.400
If you want the full list, you can check on Quan Market Cap on their token unlocks page.
00:52:10.800 --> 00:52:11.760
Yeah, 100%.
00:52:12.079 --> 00:52:19.119
And Alice, there is a killing message here in the live chat from a user that I cannot see the name, but I'll try to grab from my laptop right now.
00:52:19.280 --> 00:52:27.440
Uh, I I cannot mention the name, but he is actually asking if you do have a boyfriend, Alice, do you mind sharing that information with the listeners out here?
00:52:27.599 --> 00:52:31.599
Uh I think I think Bitcoin is gonna go above 81,000 this week.
00:52:31.840 --> 00:52:32.320
Perfect.
00:52:32.400 --> 00:52:34.320
I think that's the correct answer, Alice.
00:52:34.400 --> 00:52:35.599
Thanks for sharing that.
00:52:35.760 --> 00:52:38.000
I love that you share that with the people.
00:52:38.159 --> 00:52:40.800
So for everyone wondering, Alice is bullish.
00:52:40.960 --> 00:52:42.239
Okay, so that's good.
00:52:42.480 --> 00:52:47.440
Alice, with all that said, I wonder if you have any final messages to the audience right here.
00:52:47.519 --> 00:52:58.239
If you want to just share something that potentially you feel like, hey, I shouldn't lighten you guys in this direction because maybe you guys are missing that or just a nugget that you want to drop, whatever it is.
00:52:58.320 --> 00:52:59.440
I know you have something in store.
00:52:59.760 --> 00:53:05.840
Yeah, so Clarity Act Tuesday, Fat Decision Wednesday, and the whole week is full of different events.
00:53:06.079 --> 00:53:15.119
I think we might be just getting through the final hurdle and hopefully getting into later September will have a lot more uplift on the market as well.
00:53:15.360 --> 00:53:24.559
Definitely please come back and tune in every Monday because what's really exciting last week I started to see we have about 5,000 people listen to us on Facebook now.
00:53:24.719 --> 00:53:26.559
Oh, sorry, uh X Live now.
00:53:26.719 --> 00:53:29.039
So we're we're live on a few different platforms.
00:53:29.199 --> 00:53:30.639
Please do come back and join us.
00:53:30.800 --> 00:53:33.280
We would love to see uh you coming back every week.
00:53:33.519 --> 00:53:38.000
100% and potentially in the future, live across even more platforms, maybe video.
00:53:38.079 --> 00:53:39.039
Let's wait and see.
00:53:39.199 --> 00:53:41.199
I mean, we we do what you guys demand.
00:53:41.280 --> 00:53:47.440
So if you want to have like video live streams and if you want to be ever us to be everywhere, you guys let us know around here.
00:53:47.599 --> 00:53:50.480
But Alice, all in all, that's all for today's show.
00:53:50.639 --> 00:53:53.280
I mean, I think that's a wrap on this week's weekly crypto forecast.
00:53:53.440 --> 00:53:56.000
And before we leave, quick heads up for everyone listening.
00:53:56.159 --> 00:53:58.960
Nothing we share here, of course, is financial advice.
00:53:59.039 --> 00:54:03.360
We always recommend you to do your own research before aping into any token.
00:54:03.519 --> 00:54:10.559
Make sure to use CMC because we have the best tools for your decision making, and you can, yes, avoid getting wrecked out there.
00:54:10.639 --> 00:54:13.119
So please use CMC and make sure you do it.
00:54:13.280 --> 00:54:15.760
We'll be back here next Monday, same time, 3 p.m.
00:54:16.000 --> 00:54:18.079
UTC, fresh insights, fresh alpha.
00:54:18.159 --> 00:54:21.599
And if you want to catch us live every week, I said this in the beginning, I'll say it again.
00:54:21.679 --> 00:54:24.880
Download CMC app, turn on notifications in case you miss.
00:54:25.039 --> 00:54:31.679
We are here on the CMC Live Hub and also Spotify, Apple Podcasts, everywhere you can think of.
00:54:31.920 --> 00:54:32.880
We are probably there.
00:54:33.039 --> 00:54:35.280
Shout out to Alice again for dopping, dropping the alpha.
00:54:35.360 --> 00:54:37.920
And Alice, I see you here next week with Jonathan, correct?
00:54:38.079 --> 00:54:38.960
Yes, okay.
00:54:39.119 --> 00:54:39.920
Looking forward to it.
00:54:40.000 --> 00:54:40.960
Then CMC fam.
00:54:41.440 --> 00:54:42.559
Thank you for joining.
00:54:42.719 --> 00:54:44.880
Make sure to look into those price levels.
00:54:44.960 --> 00:54:48.719
Don't forget 76, 79, potentially jumping into 80k.
00:54:48.800 --> 00:54:52.719
Then people start opening longs, opening longs, or we're actually going down.
00:54:52.880 --> 00:54:53.599
I mean, we don't know.
00:54:53.760 --> 00:54:56.159
Let's wait and see a lot of things to happen this week.
00:54:56.239 --> 00:54:58.000
And I see you here next week.
00:54:58.159 --> 00:55:03.599
Through this week, navigate well, make sure to stay informed, stay safe, and keep huddling.
00:55:03.679 --> 00:55:04.559
I see you soon, guys.
00:55:04.719 --> 00:55:05.039
Keep safe.
00:55:05.119 --> 00:55:05.519
Bye bye.
00:55:05.599 --> 00:55:06.960
Have a great week the week.
