WEBVTT
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What is up for all the CNC family listening and watching us right now?
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Warm welcome to all the gents, the farmers, the haulers, the day traders, everyone out there.
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You're now here on the weekly crypto forecast by CoinMarketCap.
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As you know, I'm your host, Gabriel Zani, and with me today I have Jonathan CMC's content lead.
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Jonathan, feeling good?
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Feeling bullish?
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I think that's the question that I want to have to you.
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Feeling bullish?
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I am feeling good.
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I'll start with that.
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Feeling bullish, long term, always bullish.
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You know, I think we have so much room to grow short term this week.
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I don't know.
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I mean, uh, just looking at the we're gonna look more at the chart um in just a minute here, but looking at the chart of the past week, despite the little pickup and bump on Friday, you know, we are still on an uptrend.
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So I guess I am going to officially come out as bullish for this week.
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Okay, I love you being bullish because I think is you're in sync with the community, and I also love that you're feeling good.
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And to be very honest with you, after I mean, um a spa on the weekend with my girl, I would feel the same.
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So I think that as expected, I'll say.
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But for everyone listening, as usual, from narratives to catalysts, we got everything covered here for you.
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And if you just want to be ahead of everyone, just check the peanut post that we have here in the live, both on web and app.
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You can just click and see that Michael Sealer added some BTC.
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What is going on on the BTC side?
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Are people bullish?
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Are people how bullish are people?
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Because I think most of people are actually bullish, but how bullish are them?
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You can know just by clicking on that.
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And if you want to catch us live every single Monday here, you already know how to do it.
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Download the CMC app, turn on the notifications.
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Otherwise, you can just simply log in 3 p.m.
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UTC.
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We will be here every single Monday.
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And in case you miss any of the episodes, all of them are waiting for you on the CMC Live Hub or on Spotify, Apple Podcasts, whatever you listen to your stuff, you can find us there.
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But Jonathan, let's kick things off.
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And you mentioned that you are feeling good, feeling bullish.
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But tell us now as we look into the actual market, that data of the market, because I'll share my screen here, or will you?
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I don't know.
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If you want me to share, I can share if you want to share.
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I mean, you can let you share as well.
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What do you want me to do?
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I guess I'll go ahead and share it.
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It's maybe a bit easier because I do this for Alice when she's talking, so I'm also quite attuned to the process.
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While I do that, somebody and tell us how you're feeling about the market.
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And by the way, just so you know, Jonathan, I know you I mean said a couple nice things in Spanish today in the beginning of the life.
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People are already requesting the next language to be Arabic.
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Just for you to know, you I mean, I know probably you need to prepare.
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I don't know how long it's gonna take, but just like know that this is the demand for the audience here.
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Inshallah.
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That's about all that's about all Arabic.
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That's good enough, I think.
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I I believe you did more than I could do.
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So yeah, I mean, I'm I'm I'm happy for you.
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Uh while I pull up my screen here, uh, I just will give a shout-out to the person who made a comment about how I sound like a football commentator, which is uh a great, a great compliment.
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I've always uh you know wanted to get into uh you know, I'm always trying to find ways to leverage my voice, and so you know, if if you got a hookup where I can get in on football commentating, certainly I would I would love to do that.
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I don't know, I don't really follow sports uh that closely.
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Sorry to shame myself here, but uh I would be more than happy to be a football commentator for somebody.
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So uh hit me up.
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All right, so we have here got the CMC homepage on.
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So this is usually again Alice's domain here.
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So I'm going to do my best to channel my inner Alice and go ahead and give everybody an update as to where we are in the crypto market today.
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So let's just start broad and then we can zoom in a little more.
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Crypto market cap sitting at$9.1 trillion with$76.49 billion in trading volume in the past 24 hours.
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If we look on the 30-day chart, relatively flat over the past several days.
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But again, we are definitely up if you look at it from month over month.
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So that is great to see.
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Uh, we don't usually cover ETF inflows, but since I scroll down, I might as well just mention that we also saw not an incredibly impressive amount, but$13 million in ETF inflows.
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That would be uh Friday, I guess.
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All right, how uh is everybody fearful?
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Are you greedy?
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Let me know in the chat.
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Based on the CMC Crypto Fear and Greed Index, we are still in greed, but we are kind of not as deep into greed as we were uh just even not that long ago.
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If you look in the 30-day chart here, you can see that we are uh from 30 days ago trending a little bit down.
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We were 75 more firmly into greed, almost into extreme greed a month ago.
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Now we are still greedy, but only 67.
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But of course, if you zoom out on the one-year chart, uh we are nowhere near the fear that we were back in when is this back in back in July.
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So still greedy, but not quite as greedy as we were uh even just a month ago.
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What about altcoin season?
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Altcoin season is the big conversation on everybody's mind all the time, always wondering, are we in altcoin season?
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According to the CMC Altcoin Index, we are in altcoin season, but you will notice it is only 60 out of 150, of course, being the marker between Bitcoin season and altcoin season.
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So we are only 10% 10 points into altcoin season.
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So we will, and of course, the I think we've had this conversation before, but what is altcoin season is a is a constant debate.
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There are always altcoins that are outperforming.
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And if you look at quickly here, the top 100 coins by performance over 90 days, you can see we've got pump dominating at 290%, quant, QNT, at 280%, Athena, ENA at 227%, uh down to Zcash, Uniswap, Ray, VVV, Arb, NIR, STX, etc.
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Lots of uh good performing altcoins over the last 90 days.
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However, if we go to the chart here, how are the big two coins doing Bitcoin and Ethereum?
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Bitcoin, if we pop into the Bitcoin chart here, you will see is let me go back actually, it is up 0.26% over the past 24 hours, so relatively flat over the past 24 hours, but up 3% over the past seven days.
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Ethereum also basically flat 0.009% over the past 24 hours, up 1.36% over the past seven days, moving then down to some of the other big majors, BNB up 3.94% over the past week, XRP 1.18%, Solana 1.41%, Tron.78%, hyperliquid 6.29%, and Zcash, although it is still way up over the past 90 days, down 14.73% over the past seven days.
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Okay, now sorting by seven-day performance here.
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You can see again this conversation of altcoins.
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Are altcoins performing well?
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You've got some altcoins here that are clearly performing pretty well over the past seven days.
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No blowouts this week, but still some good performance coming from midnight, 71.88%, layer zero, 31.18%, pump fun, 26.92%, Ave, 25.7%, continuing down to Sky Stacks, ICP, WorldCoin, Curve, Quant, all seeing some reasonable performance, uh, along and some good performance in other cases, the past seven days.
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Now, we were talking before about are we feeling bullish?
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Are we feeling bearish?
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I'm gonna go back here and just look at the Bitcoin chart specifically.
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24 hours again, a bit of another little bit of a roller coaster here, where we have ultimately ended up flat over 24 hours.
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But if you look at the one-week chart, we are up 3% over one week.
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You can see a pretty clear trend here over the past month, 7% over the past month.
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Again, you can see a pretty clear trend starting in mid-September here to where we are now.
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So I am certainly hopeful and encouraged that this will continue this week as well.
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Maybe a bit bumpy again, as we've seen over the past couple of days here, but I am hopeful that we will still continue on this uptrend this week.
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Now, of course, stay tuned till the very end for the TA section where Gab is going to break down what the charts are telling us with the the actual Bitcoin price charts, the data, what is that telling us for what we should be expecting in the near, medium, and long term?
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So, with all of that, Gab, now that we've gone over all that information, we're looking at the Bitcoin one-week chart here.
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Are you still bullish on your end as well?
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How are you feeling?
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I think I'll be very honest with you.
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I think last week we covered a little bit about it and we were talking about this resistance that we have at 87 or whatever.
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Uh, Bitcoin kind of touched that again once more.
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And um, I think there was some data coming out of the US government or the US economy, let's say, last week.
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I think there was a week jobs data that actually synced it.
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They've had uh hike odds.
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If I'm not wrong, on Friday, it was at 17%.
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Right now, I don't know where it is, but I know you know.
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And uh, but there was also a um a call, I think, from Citibank, if I'm not mistaken, um, that they actually mentioned about BTC hitting 113k, right?
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And when I saw that, I was I was like, hey, I mean, it's it seems to me like a reasonable target for BTC, like 113k seems like right there.
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We can definitely go.
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But when I saw the timeline that they give for it to happen, which was like 12 months, I was like, hey, hey, come on, like, yeah, I mean, who are you trying to surprise here?
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Or like what is going on with this prediction?
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Because prediction for 12 months of like BTC going up by I don't know 20k or something.
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I I firmly believe that it can happen much sooner than that, to be very honest.
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Regardless, um, I I feel more neutral than the market.
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In the beginning, you shared like the feed and greed, like a a couple people in the greed.
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Yes, I agree, but there are a lot of people in the live chat that I feel like are very much more bullish than I am at this point in time.
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I do feel like BTC is going to lateralize for a little bit more.
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Regardless, Jonathan, I think I'm more on the upside than on the downside for BTC price action and for altcoins as well.
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One key point that I believe people must know is that some altcoins are performing really, really well and people should be looking into them.
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And I know you have Zcash on your screen right now, so I don't know if you want to talk a little bit about it or if you have more stuff to share, but that's kind of like how how I am.
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Um, those are my takes on the market for this last cup, this last seven days.
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Yeah, thank you for sharing those.
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I have uh Zcash up because some people in the chat were asking about Zcash.
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So you can see Zcash is down over the week.
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You know, had a bit of an explosive rally, you know, the past several weeks, past couple of months.
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So uh just gonna use this as a quick opportunity to uh quickly demo our AI product as well.
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So I'm also wondering why Zcash is down over the past week.
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So if you go to the Zcash page or any coin you have questions about, you'll see the CMC AI below.
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Uh, here you'll see there's a pre-filled out question here.
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Why is ZEC's price down?
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So, some reasons why Zcash's price is down, uh, according to the AI, is the primary reason will be that Zcash uh grayscale Zcash ETF saw outflows ending a five-week inflow streak.
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So I think this is actually, I won't spend too much time talking about this, but uh, I do think this is actually kind of important that you'll you see this with the Bitcoin as well, that the more institutionalized a coin gets when it starts, you know, being adopted by institutions, such as through ETFs, the more control the institutions and the ETFs have over the price movements.
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Maybe control isn't the right word, the more influence that there is based on these sort of institutional investments and plays.
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So you're gonna start seeing with Zcash, I believe, more price action driven by things like ETFs and less by things like retail uh piling in and driving the price up and down.
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And of course, there are a few other reasons here as well that you can look into uh if you are curious on Zcash.
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Somebody was also asking, oh, Athena, we uh I believe we do have that mentioned in the very end for token unlocks.
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So stay tuned for that.
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And then one last question I'll address here.
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Who's this user's name?
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Uh Pizu, again, apologies if I'm saying your name wrong, asking about this mnemonic plague fear uh and if it's going to impact the markets.
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Uh, I've been following this a little bit.
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I think we're way too early for this to be any sort of market-moving thing.
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I mean, right now we're not even confirmed that it's more than one person infected.
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That said, in the event, not saying this will do it, but in the event that we were to ever have another pandemic, I think you can look at COVID as a uh potential indicator of what might happen with crypto, where you probably would see a massive price collapse.
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Uh, and then when there's a recovery followed by a massive price increase, and it you could see a potential generational dip buying opportunity like we had during COVID.
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Obviously, is it worth a pandemic coming?
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Absolutely not.
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But if that were ever to happen, that would be my prediction as to what would happen there.
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Yeah, yeah, we we uh we do have a lot of news to start getting into.
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I don't know if you have anything else you wanted to uh add or say, Gab, uh, before I jump into this kind of Bitcoin analysis.
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Yeah, I do real quickly, I just saw some people asking about like take on Zcash or whatever, and this and that.
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And I just wanted to, if you can go to the home screen, actually, Jonathan, I just wanted to mention to people something for everyone out there that is looking not to day trade, uh, that are looking for a longer trade, right?
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Swing trade, position trade, and that kind of thing.
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Um, there is one thing that I've been doing for a long time, and it has worked at sometimes and has not worked at some, but I definitely can share with you guys because it's only a mindset.
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Um, when you look at the ranking here, you guys can see on the CoinMarketCap homepage, for example, we have the top 10, right?
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And as you can see, the nine and the ninth and the tenth position right now are occupied by the hyperliquid and Zcash.
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Um, me and Alice, I do remember when we were discussing this with you guys here, and we mentioned about hey, tokens that are outside of the top 10 that have the potential to actually be part of that, and we mentioned exactly those two tokens as tokens that could have potential to get there at some point, and it's been months.
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Um, since that point, both of them have, I think, more than doubled in price, and I mean it worked out perfectly.
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We could be wrong though, and one key thing that I think people need to have in mind is like look at those, for example, top 10, top 20, top 50, and start wondering like who is outside looking in and who is inside and potentially looking out as well, because that will give you a better understanding of the market in a much bigger time window, right?
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What I mean by that is if you look at the top 100 right now, and if you keep scrolling down and scrolling down, which are the tokens there that you feel like have all that it takes to actually come up a couple positions and become a top 50, a top 20, a top 30, a top 10 token?
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Like, are there any?
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Do you see that potential?
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Yes, no, and also do you see tokens that are potentially sitting at very high positions that man, they just don't seem right to be there?
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Potentially, there is something to it, potentially, like in the short term, you may be wrong because as we were saying, in the last seven days, Zcash down 14.
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And if you scroll down a little bit, you see tokens such as like pump.fun up 27, Ave up 26, you know.
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Uh, I think ICP up 17.
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But are those tokens placed in the exactly place that they should be?
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Look at their market cap and think: can they double on market cap?
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Can like it simply goes 2x, 3x, 5x from here?
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Yes, no.
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What is the case there?
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What is the narrative?
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This will give you a much more clear picture on the broader crypto market and will help you to understand which tokens are potentially going to stand out and which ones you should potentially get on your bags.
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This is just um a very uh, I would say reasonable and rational take to the market, but believe me, this work most often than not.
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That's just something that I wanted to share with the audience because I believe it's important for everyone to have that perspective.
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Regardless, Jonathan, I do know one thing that BTC, as I said before, touch it close to 87 again.
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Fed hike is now almost off the table.
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I mean, how does that affect BTC?
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I do know you have some major news to share with us, so please go ahead and cover them because I mean that there is a lot for us to unpack today.
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Yes, it was a really interesting end of the week yesterday, yesterday, and end of the week last week, sorry, uh on Friday, where if you look at the chart here, we made it past 87k, uh, and then we completely dropped ending the day basically flat.
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Right.
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So uh one of our writers actually did a I don't have the link in front of me.
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I'll pull it up later, but one of our writers did a a pretty good analysis on what happened.
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So shout out to him.
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I'll I'll share the link in the chat once I find it.
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But so a lot of what I'm gonna talk about is taken from that article, but I wanted to kind of just quickly go over a couple of the big pressures and drivers that Bitcoin has been facing, particularly in the past few days, and why we kind of saw this price seesaw, because I think it helps explain, you know, what is helping to drive Bitcoin price and what we need to keep an eye on in the future.
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So this is not that not the TA that Gab is going to be going into, uh, which is also important.
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This is more the kind of bigger and broader macroeconomic situation.
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So uh Friday, the US had a jobs report released that came in weaker than expected.
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So US employers added just 29,000 jobs in September against forecasts near 84,000.
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Unemployment rose 4.2%, and the prior two months were actually reversed down.
00:19:04.160 --> 00:19:13.759
Wage growth slowed too, and Bitcoin, which was already climbing before the release, as you can see in the chart, it pushed toward 87k and actually broke 87k.
00:19:14.079 --> 00:19:21.359
Uh, and the the basic reasoning is that weeks weak jobs data takes pressure off of the Fed to keep rates rising.
00:19:21.519 --> 00:19:27.680
So this sent the 10-year Treasury yield down about seven basis points to 5.17%.
00:19:28.240 --> 00:19:38.640
If you've been following macroeconomic news, you have probably noticed that the US Treasury yields have been skyrocketing up to multi-decade highs.
00:19:38.799 --> 00:19:45.759
So these lower when yields are lower, it makes Bitcoin more appealing, since holding it costs you less in foregone interest.
00:19:45.920 --> 00:19:55.599
So if interest rates are higher, if interest payouts are higher on treasuries, then investors are more incentivized to hold those because Bitcoin doesn't pay you interest, right?
00:19:55.839 --> 00:19:56.799
Uh makes sense.
00:19:57.119 --> 00:20:01.519
So gold also rose, the dollar fell, and NASDAQ futures gained 1.2%.
00:20:01.920 --> 00:20:12.480
However, by midday, yields had reversed and finished the day higher than they started, with the 10-year up nearly five basis points to 5.28%.
00:20:13.200 --> 00:20:17.279
And as a result, Bitcoin slid back down, as you can see in the chart.
00:20:17.519 --> 00:20:24.240
However, this data has not killed the chance of an October rate hike.
00:20:24.720 --> 00:20:28.000
Traders put the odds of a hold at roughly 77%.
00:20:29.200 --> 00:20:36.640
And bets on at least one Hake by December actually rose to 87% higher than before the report.
00:20:36.799 --> 00:20:47.119
So uh certainly traders think there is a significantly lower chance, or I should say greater chance that the that rates hold instead of being hiked.
00:20:47.359 --> 00:20:56.720
And there actually was a pretty dramatic reversal on poly market, as Gad mentioned at the beginning, from something like 20% to like 60 to 70 to 80 percent.
00:20:56.880 --> 00:20:58.960
Um, I have to pull up the actual numbers.
00:20:59.119 --> 00:21:08.960
And yeah, and the same pattern also repeated over the weekend, Bitcoin climbed to just under 86 or just under 87,000, and then faded back below 86,000.
00:21:09.119 --> 00:21:11.359
The second rally in a week to stall at that level.
00:21:11.519 --> 00:21:16.240
Perhaps there's a key level there as well to keep in mind in terms of looking at the charts.
00:21:16.400 --> 00:21:19.440
And today yields have been taking up again.
00:21:19.519 --> 00:21:21.440
They're now at 5.296%.
00:21:22.480 --> 00:21:35.039
So, kind of the the analysis that people are taking out of this is that Bitcoin isn't actually trading the jobs number, it's trading how bonds react to the economic performance, the jobs numbers.
00:21:35.119 --> 00:21:39.519
And it's twice now that a relief rally has faded within hours.
00:21:39.680 --> 00:21:50.079
So Tesserat groups, Oliver Carding says the level to watch is the 10 year real yield, which stood at 2.88% on Thursday.
00:21:50.240 --> 00:21:58.640
If it holds above three percent, they say it dropped back to 80 to 82,000 is more likely than a run at 90,000.
00:21:58.880 --> 00:22:03.200
Now this week we have The Fed meeting minutes are on Wednesday.
00:22:03.359 --> 00:22:10.559
And we also have September inflation data, not this week, but coming up on October 14.
00:22:10.880 --> 00:22:21.519
So yeah, I mean there's a bit of a, I guess, like soup of these various macroeconomic things all happening together and feeding into each other.
00:22:21.599 --> 00:22:31.359
But it seems like recently Bitcoin has more been trading with yields in the bond market than anything else.
00:22:31.519 --> 00:22:53.359
But you know, of course, it will be very interesting to see what happens at the next uh Fed meetings and what those rate hike pausing decisions may be because we saw with the last with the last the last one, it was not it was only a couple of weeks, a few weeks prior, where people were expecting rates to be cut and we got a rate hike instead.
00:22:53.440 --> 00:23:00.720
So things can change pretty pretty quickly with all the kind of wild stuff going on in the world.
00:23:00.960 --> 00:23:05.279
So yeah, I mean let's let's keep an eye on those bonds and see what happens next.
00:23:05.359 --> 00:23:27.440
But um, yeah, I don't know how how are you feeling kind of in the I mean you mentioned the short term for you're feeling kind of neutral to neutral bullish, but how about in the long term, heading you know toward the end of the year with you know all the oil prices and all the elections, a lot of crazy stuff coming up and kind of very important stuff to keep an eye on.
00:23:27.599 --> 00:23:34.799
So just kind of more broadly, how are you how are you feeling with with all of that in mind, you know, kind of heading uh toward the end of the year here.
00:23:35.200 --> 00:23:39.839
Yeah, I think weak jobs use it to be good news for crypto, if I can tell that.
00:23:40.000 --> 00:23:49.200
Uh, I think he if you look back in history, it usually meant uh, I mean, that rate cuts were coming and the kind of thing, but this this time seems like the Fed isn't cutting.
00:23:49.359 --> 00:23:52.960
Um, it's just not, and um, yeah, I don't know.
00:23:53.119 --> 00:23:55.440
Much weaker tailwind for BTC overall.
00:23:55.680 --> 00:24:00.640
And I think I we just need more, we need more catalysts in order for this market to run.
00:24:00.720 --> 00:24:03.920
Otherwise, we're going to stay uh where we are.
00:24:04.079 --> 00:24:10.160
And that's why in the beginning of the show I said that I don't feel like we are necessarily going to 100k or whatever next week.
00:24:10.319 --> 00:24:14.000
Hopefully, I'm wrong, as I always like to say here, but I don't think so.
00:24:14.160 --> 00:24:17.759
I think that we're going to remain more or less where we are at the moment.
00:24:17.920 --> 00:24:25.680
Uh, hopefully we can move the needle at some point, but for now, it doesn't look to me that the market's going to simply bump out of nowhere.
00:24:25.920 --> 00:24:30.000
So, yeah, that's that's kind of how um honestly I feel, Jonathan.
00:24:30.079 --> 00:24:30.960
I don't know about you.
00:24:31.039 --> 00:24:35.599
Uh, I think that probably just maybe I'm wrong though.
00:24:35.680 --> 00:24:48.559
I want to say that because when I look into what um Saylor and Tom Lee and everyone else is doing, they are much better equipped to make decisions uh than I am, right?
00:24:48.880 --> 00:25:01.279
And I think they they have had some activities this week that potentially lead us to think differently, that lead us to think that yes, the market is going to pump soon because they are, I mean, they are they have been active.
00:25:01.440 --> 00:25:03.920
Um, and I know you have some stuff to cover about that as well.
00:25:04.079 --> 00:25:14.079
So, I mean, I think you can share stuff uh covering that as well, because I don't know, maybe I'm wrong, maybe I'm wrong, but I just don't feel like we are going past 100 in October.
00:25:14.160 --> 00:25:20.160
For I I think October is not necessarily going to be the October that we are used to, similar to last year.
00:25:20.240 --> 00:25:21.359
But last year it was bad.
00:25:21.440 --> 00:25:23.119
I don't think we're going bad this year.
00:25:23.359 --> 00:25:25.119
I just don't think that we're going parabolic.
00:25:25.359 --> 00:25:29.440
Yeah, I I think it kind of depends how you define parabolic as well.
00:25:29.680 --> 00:25:32.400
I mean, there certainly are a lot of people calling for.
00:25:32.640 --> 00:25:36.799
I just saw, I want to say it was Gioff or Jeff.
00:25:36.880 --> 00:25:38.400
I actually don't know how you say the name.
00:25:38.640 --> 00:25:40.079
From I don't want to mess this up.
00:25:40.240 --> 00:25:41.039
Standard Chartered.
00:25:41.119 --> 00:25:50.720
It's one of the head of research at Standard Chartered, uh was calling for I think like 120k Bitcoin by Christmas by end of the year.
00:25:51.039 --> 00:25:52.000
So I don't know.
00:25:52.160 --> 00:26:05.839
I I'm also not not really sure because I think in a vacuum that sounds totally doable because they're, you know, with the Clarity Act failure behind us, uh, there are a lot of things that could potentially be positive tailwinds.
00:26:06.079 --> 00:26:08.559
We have the kind of most negative one out of the way.
00:26:08.960 --> 00:26:24.960
But just things are changing so fast with like the economy and rate hikes and all that stuff that it's it's hard for me to think that we can even maybe even predict where Bitcoin is gonna be in two months uh this this early out.
00:26:25.119 --> 00:26:27.119
But you know, I certainly am hopeful.
00:26:27.359 --> 00:26:30.559
Again, I don't I think a crash is unlikely at this point.
00:26:30.720 --> 00:26:32.960
So I think that at the very least is positive news.
00:26:33.039 --> 00:26:37.039
But I am very curious what you guys in the chat, what you guys in the chat think.
00:26:37.200 --> 00:26:52.640
If uh you think that we're you know just gonna float around 80 to 90, never break 90 until the end of the year, before the end of the year, if you think we're gonna pass 100k, I think once we get past 100k, there's gonna be a lot of psychological input that goes into continuing the rally.
00:26:52.799 --> 00:26:55.119
I think that'll be a real barrier that we've broken.
00:26:55.279 --> 00:26:57.920
Um, but until we get to there, uh yeah, I don't know.
00:26:58.079 --> 00:27:00.559
I don't know where we're gonna be by the end of the year, to be quite quite frank.
00:27:00.720 --> 00:27:04.720
And uh very curious what those of you in the chat have to say.
00:27:05.039 --> 00:27:14.480
And just before you go into beat mine, like Tom Lee and MicroStrategy Sailor or whatever, I just want to echo something that Kenzo mentioned here in the live chat.
00:27:14.640 --> 00:27:16.799
This generation coins are doing well.
00:27:16.960 --> 00:27:19.599
No, this new generation coins are doing well.
00:27:19.759 --> 00:27:21.920
Some old coins are floppy.
00:27:22.160 --> 00:27:29.279
This is a trend of every single time, every single market, every single bull market in crypto, every cycle, because people like new stuff.
00:27:29.519 --> 00:27:30.559
People like new tokens.
00:27:30.720 --> 00:27:32.319
New tokens are what drive markets.
00:27:32.480 --> 00:27:36.960
You see with the meme coin frenzy, you see with the DeFi summer, you see it with NFTs.
00:27:37.119 --> 00:27:45.039
Whenever there is a new class of assets that come on chain, you also saw that with RWAs when you saw the oil and stuff being traded on um hyperliquid.
00:27:45.119 --> 00:27:52.000
Whenever there is a new thing that you can invest on, people are excited by that, and that's why airdrops, new tokens always get so much attention.
00:27:52.079 --> 00:28:01.200
This is an attention-driven market, new stuff is always more interesting than old stuff, and that's why you should be paying attention and doing exactly what I told you in the beginning of the life.
00:28:01.359 --> 00:28:07.119
Look at the rankings, look at the potential, look at the history, and then you probably will make good decisions.
00:28:07.279 --> 00:28:16.160
But keep in mind one thing you will see tokens such as Zcash that are not new, but they have a new narrative, they have a new thing, they have like a new structure.
00:28:16.319 --> 00:28:24.720
There is something going on around that token that is new, therefore, it kind of like reinvents itself, and there is some upside to it.
00:28:24.880 --> 00:28:26.319
So, yeah, that's it, Jonathan.
00:28:26.480 --> 00:28:27.440
Back to you, Cover.
00:28:27.759 --> 00:28:35.359
Give us more like insights on BitMind and MicroStrategy because, as I said, I'm not as bullish, but it seems like those guys are.
00:28:35.440 --> 00:28:37.359
They just they just want to keep buying.
00:28:37.440 --> 00:28:38.960
I don't know what they're looking for.
00:28:39.200 --> 00:28:44.799
Yeah, uh, so I'll I'll try to go through this uh fairly quickly.
00:28:45.039 --> 00:29:10.640
So we do have obviously a couple of notable buys, nothing crazy this week, but we do have Strategy, who announced they bought 334 Bitcoin between October 1st and 4th for 28.7 million at an average cost of eight eighty-five thousand eight hundred and thirty-eight dollars per coin, bringing their holdings to eight hundred and forty-eight thousand Bitcoin even.
00:29:10.960 --> 00:29:17.519
Now, this is the second time they've made a small purchase to get them up to a round even number.
00:29:17.759 --> 00:29:25.839
So Alice and I were joking a couple weeks ago that maybe Michael Saylor has OCD and just really appreciates having those perfectly round numbers.
00:29:26.000 --> 00:29:30.960
So I would not be shocked if they stop at 850,000 Bitcoin next.
00:29:31.200 --> 00:29:38.799
So, yeah, they purchased this with uh 15.7 million in stock sales and 13 million in cash.
00:29:38.960 --> 00:29:53.039
Now, a couple of interesting things that came out of this announcement as well is that they actually saw finally a Q3 gain of 20.93 billion on their digital asset holdings.
00:29:53.200 --> 00:29:59.039
Obviously, that is coming up, coming from the big run-up in Bitcoin's price over the past several weeks.
00:29:59.200 --> 00:30:05.599
Now, however, because of this, uh they actually owe taxes now on their on their Bitcoin.
00:30:05.839 --> 00:30:18.960
So they uh they had a$4.12 billion deferred tax asset reversed, cutting the quarters deferred tax expense from$6 billion to$1.88 billion.
00:30:19.039 --> 00:30:22.799
So once you're in a gain, you gotta start considering the tax implications there.
00:30:23.279 --> 00:30:31.279
Bitmine bought 15, Tom Lee's Bitmine bought 15,112 Ethereum over the past week.
00:30:31.440 --> 00:30:44.640
Their total holdings are now six million, sixteen thousand four hundred and fourteen ether, worth roughly sixteen point four billion and four point nine percent of the entire Ethereum supply.
00:30:44.799 --> 00:30:57.039
So they say they are now ninety nine percent of the way to what they call the alchemy of five percent, having bought Ethereum every week since June 2025.
00:30:57.440 --> 00:31:10.559
Now, Meta MetaPlanet doesn't always get as much coverage here on the show, but they did something interesting that they revealed for the third quarter, which is they added 1,000 Bitcoin to the reserves.
00:31:10.720 --> 00:31:13.440
This is a uh Japanese Bitcoin treasury firm.
00:31:13.519 --> 00:31:24.160
So they have 44,000 Bitcoin now, but they did it in a kind of an odd way, which is in Q3, they sold 10,000 Bitcoin and then separately repurchased 11,000 Bitcoin.
00:31:24.480 --> 00:31:28.319
They buying bought it back higher because Bitcoin rose in between that time.
00:31:28.480 --> 00:31:41.359
But they say that sale was deliberate, that they wanted to prove to credit rating agencies that they can actually uh convert Bitcoin to cash, selling more than enough to cover all of its outstanding debt before buying back in.
00:31:41.839 --> 00:31:52.480
So it's it's pursuing a credit rating, and the loss may produce a 2079, sorry, 97 million deferred tax assets to offset the price gap.
00:31:52.799 --> 00:31:55.839
They let me skip this part.
00:31:56.000 --> 00:32:12.559
They uh also introduced a new strategy uh raising capital through deferred stock, and they're gonna going to be investing 10 to 15 percent of their assets in income-producing securities, mostly preferred shares of other Bitcoin treasury companies.
00:32:12.720 --> 00:32:14.799
So they will be diversifying a bit.
00:32:14.960 --> 00:32:31.920
But I thought the interesting thing there was selling 10,000, intentionally rebuying 11,000 to prove their their credit worthiness to credit rate rating, uh credit rating agencies as they are pursuing a credit rating.
00:32:32.480 --> 00:32:41.440
So yeah, the the bitmine part, 4.9%, uh sorry, nine-nine percent of the way to their goal.
00:32:41.680 --> 00:32:43.279
I also thought was kind of interesting.
00:32:43.440 --> 00:32:48.960
So they're almost at their goal of having 5% of the total Ethereum supply.
00:32:49.039 --> 00:32:52.559
And of course, the question is what comes next after that?
00:32:52.799 --> 00:33:00.000
Where Tom Lee has basically said that they uh may have a new goal coming soon, a new, a new hint.
00:33:00.079 --> 00:33:08.079
Sorry, he hinted at that they may be upping their goal and buying uh even more, even more later.
00:33:08.240 --> 00:33:13.920
So yeah, just uh just wanted to to cover those topics real quick there.
00:33:14.480 --> 00:33:29.680
And yeah, I I always say that when I want, when I'm feeling bearish, I always just look at what Michael Saylor says about about uh Bitcoin and what Tom Lee says about Ethereum, and then I'm kind of right back on the uh the bullish train.
00:33:29.839 --> 00:33:31.200
There's a funny meme I see.
00:33:31.359 --> 00:33:49.920
Every time we post about Tom Lee, you know, kind of hyping up Ethereum on uh X, the CoinMarketCap account, somebody always posts them as a meme of like a person dragging uh an airplane or like a little one of those little uh I forget what they're called, little cart things that people drive dragging an airplane.
00:33:50.160 --> 00:33:59.279
And uh airplane being Ethereum price and the little cart of the person being Tom Lee, kind of like single-handedly propping up Ethereum.
00:33:59.359 --> 00:34:12.800
But he does have a new uh shareholder, uh, sorry, uh chairman statement coming out this week, where he's gonna be talking about his thoughts on Bitmine, the bull market, and where we stand that'll be coming out this week.
00:34:12.880 --> 00:34:16.559
And I can only assume that it's going to be mega bullish.
00:34:16.719 --> 00:34:29.519
So I don't know, Gab, I don't know if that uh hearing those things, you were saying just a second ago that that um you kind of sometimes maybe look to what the big names in crypto are doing, the big treasury companies.
00:34:29.679 --> 00:34:44.480
I don't know if that has reassured you at all to be, you know, kind of take your your negative attitude toward Bitcoin price, if I'm gonna tease you a bit, and to uh make you a little bit more more bullish, or if it's just had no impact on you.
00:34:44.719 --> 00:34:46.400
No, yeah, believe me, I'm bullish.
00:34:46.480 --> 00:34:51.840
I'm just uh let's say I'm a controlled bullish mode at this point in time.
00:34:52.000 --> 00:34:55.360
So I'm not as bullish as other people, but I'm not pessimistic at all.
00:34:55.440 --> 00:35:01.360
I don't think, for example, I saw people here in the live chat asking, like, do you think BTC price is going to sink below 80k?
00:35:01.599 --> 00:35:02.480
I don't think so.
00:35:02.639 --> 00:35:04.719
I think if we do, it's going to take a while.
00:35:04.800 --> 00:35:07.199
And if that happens, it's not going to be by much.
00:35:07.280 --> 00:35:11.599
It's probably 78, 77 that we're going to test and hopefully bounce back.
00:35:11.679 --> 00:35:15.840
Uh, so I think that we are at a point right now where we're just like going to stick around for a while.
00:35:15.920 --> 00:35:23.360
As I said, 78, 77 seems to me like uh one clear line, but we'll see more of that going to the TA section.
00:35:23.519 --> 00:35:38.880
Before we go there, just something that I want to mention uh regarding Sailor, for example, he his buyback, I think of 12% emission, like um, is not necessarily buried for Bit C, it's actually just him kind of like showing us that his paper is actually cheaper than B2C right now.
00:35:38.960 --> 00:35:40.719
That's the that's kind of the only thing.
00:35:40.880 --> 00:35:51.679
And on the beat mine sign, I think it's just good to see that crazy trade, which I call it because it is, at least being the first one to do something is always a little bit crazy.
00:35:51.760 --> 00:35:57.519
And he, but like Tom Lee doing this with ETH is I mean, he gotta have balls to do this.
00:35:57.599 --> 00:35:59.679
Uh it's good to see that being stress tested.
00:35:59.760 --> 00:36:01.920
So I'm I'm just happy to see that happening.
00:36:02.000 --> 00:36:07.039
I'm cool, like, but yeah, they're they got their stuff on the line, not me.
00:36:07.199 --> 00:36:15.360
I'm have my stuff on the line, but I only need to uh let's say make accountability of that to myself, not to others, not investors, not anyone.
00:36:15.440 --> 00:36:16.880
So yeah, I'm I'm cool for that.
00:36:17.039 --> 00:36:20.800
Do you have anything in store for us before we jump into some minor news?
00:36:21.119 --> 00:36:24.079
Yeah, uh, first of all, to the person asking, is this real?
00:36:24.239 --> 00:36:27.199
Uh yes, we are not AI.
00:36:27.360 --> 00:36:33.199
I can guarantee you that we are very real, hence why we stumble over our words and why I say a lot of ums.
00:36:33.360 --> 00:36:36.719
Although that is what an AI would say, to be fair.
00:36:36.960 --> 00:36:44.719
An AI, a well-trained AI would be trained, I assume, to say, this is like a whole aside, but this is like this.
00:36:44.800 --> 00:36:57.519
I sometimes I you hear these like customer service bots, and now they're getting trained to sound like people in the sense that they're stumbling over the words, they're going um, they're doing like pauses.
00:36:58.000 --> 00:37:05.039
It's just a matter of time, I feel like, before they're going to be trained to like just be mean and snappy.
00:37:05.199 --> 00:37:11.039
Because at least in the US, customer service is like just has a bad reputation for being just rude.
00:37:11.199 --> 00:37:15.280
So it's only a matter of time before we get rude AI, trained to sound like rude humans.
00:37:15.440 --> 00:37:17.920
Anyways, not to jump down that whole rabbit hole.
00:37:18.000 --> 00:37:21.119
I will share one other quick piece of news myself.
00:37:21.280 --> 00:37:22.239
I think it is important.
00:37:22.400 --> 00:37:29.039
I won't get too deep into it because I do want to leave time for the other small news pieces and plenty of time for the TA.
00:37:29.119 --> 00:37:36.880
Uh, but I do think it is important just to mention that the owner of the New York Stock Exchange, Intercontinental Exchange, this part isn't new.
00:37:36.960 --> 00:37:39.840
They have a 50-50 joint venture with OKX.
00:37:40.000 --> 00:37:51.920
But what is new is that they have filed with the SEC just today under the innovation exemption that the SEC created for tokenized stocks a couple of weeks ago.
00:37:52.000 --> 00:38:09.760
They have filed today and they plan to list tokenized versions of 63 New York Stock Exchange listed companies trading around the clock against USDC, USDG, or USDT on automated marker uh market maker pools.
00:38:09.920 --> 00:38:19.440
Now, you may have also heard about this joint venture because one of the co-chairs is former New York governor uh or former New York governor Andrew Cuomo.
00:38:19.920 --> 00:38:31.119
So this would be, assuming it is accepted and passed, that their application is approved, I should say, would be the first major exchange, big exchange, to actually use this exemption.
00:38:31.280 --> 00:38:35.440
And it also contextually lands right after Robin Hood's U.S.
00:38:35.599 --> 00:38:39.760
PERPS launch and bases 26 new tokenized stocks.
00:38:39.920 --> 00:38:47.199
So there's clearly this tokenization, you know, if you're following crypto at all, you know there's a massive push toward tokenization.
00:38:47.679 --> 00:38:54.320
And this clearly plays right into it with now Wall Street uh getting getting directly involved.
00:38:54.480 --> 00:39:10.400
So, you know, on the topic of bullish, bullish momentum, I don't know that this will necessarily push prices high itself or like directly result in Bitcoin's price going higher, for example, especially if it's tokenized stocks and it's being traded against USDC and USDT.
00:39:10.559 --> 00:39:21.599
But I do think this sort of announcement contributes, this sort of uh changes contribute toward the general bullish energy that crypto is here to stay and it's not going anywhere.
00:39:21.679 --> 00:39:24.239
So, yeah, just wanted to mention that quick piece of news.
00:39:24.320 --> 00:39:28.800
And then Gab, I know you have a few uh minor news you wanted to get into as well.
00:39:29.199 --> 00:39:33.679
100%, but actually, two minor news I went to just like over quickly.
00:39:33.840 --> 00:39:43.920
One is for everyone listening, if you are involved somehow, if you have like tokens or whatever on Blast, you need to know that it's shutting down.
00:39:44.159 --> 00:39:45.039
Yes, it is.
00:39:45.199 --> 00:39:49.039
Um, if you have anything on it, you need to withdraw by October 26th.
00:39:49.119 --> 00:39:52.960
So you have a little bit more than 20 days, two weeks basically to withdraw everything.
00:39:53.039 --> 00:39:55.920
As you guys know, blast uh the ETH layer two.
00:39:56.239 --> 00:40:05.360
Um, founder of Blur, if you guys remember that correctly, they announced that they are winding down because running the chain costs more than it earns.
00:40:05.599 --> 00:40:14.320
If you guys remember correctly, it launched around early 2024, and uh, which over two billion locked and a lot of airdrop hype.
00:40:14.400 --> 00:40:15.920
I do remember the airdrop hype.
00:40:16.000 --> 00:40:18.559
A lot was discussed in between the CMC team.
00:40:18.639 --> 00:40:20.800
A lot of people were like, hey, I'm excited about it, etc.
00:40:21.039 --> 00:40:23.119
How you think it's going to I mean unfold?
00:40:23.199 --> 00:40:26.480
And yeah, seems like two years later, no good.
00:40:26.639 --> 00:40:36.480
Uh, regardless, today it holds about 65 million, and the blast token is down roughly 98% from its peak.
00:40:36.559 --> 00:40:45.360
Guys, we're talking about something that was, I mean, hype it as much as I can remember, and right now, basically, nothing left there.
00:40:45.519 --> 00:40:52.320
Um, as I said before, October 26th is the date for you to bridge back to Ethereum all the assets that you may have there.
00:40:52.480 --> 00:40:55.519
And there is a major lesson here for everyone out there.
00:40:55.760 --> 00:41:08.719
Layer two is a business, and most layer twos, and I'm not taking shots to anyone here, okay, but most of them don't have a business, so yeah, you need to be careful uh on the things that you do on chain.
00:41:08.800 --> 00:41:14.480
Regardless, I don't think anyone lost funds on this because there was no hack, there was no exploit, none of like this.
00:41:14.559 --> 00:41:19.119
But definitely being 98% down from speak, yeah, I don't necessarily love that.
00:41:19.280 --> 00:41:23.440
That's one the second one that I have to share is regarding Zach XBT.
00:41:23.599 --> 00:41:25.119
Guys, this is a major thing.
00:41:25.360 --> 00:41:36.800
Zach XBT actually went undercover inside the Lazarus laundering ring, and it was one of the biggest trends on crypto this weekend.
00:41:36.960 --> 00:41:57.199
Like the, I mean, you guys probably know on-chain investigator X uh Z says Zach, he spent around 3.5 million of his own USSC, so he probably has a ton, I mean, a wish, okay, uh, posing as a client of a Chinese organized crime crime network that launders for the Lazarus group, the North Korean Lazarus Group.
00:41:57.360 --> 00:42:03.199
And the people behind the they those for the for everyone wondering, like, who is this Lazarus group?
00:42:03.280 --> 00:42:04.320
Like, what is it talking about?
00:42:04.400 --> 00:42:08.400
Those are the people behind the 1.5 Bybit hack, for example.
00:42:08.559 --> 00:42:10.000
We know they were behind it.
00:42:10.159 --> 00:42:23.039
So basically, while inside, Zach mapped it out, uh mapped a 12 million cluster of Bybit funds, got tethered to freeze about 442,000 USDT.
00:42:23.280 --> 00:42:34.719
So, I mean half a million thousand, half a million USDT, and handed the trail which runs through the sanctioned Hawaiian marketplace.
00:42:34.880 --> 00:42:38.480
So, just for you to know, um, to law enforcement, etc.
00:42:38.800 --> 00:42:42.159
So he kind of like did the dirty work on himself.
00:42:42.400 --> 00:42:43.360
Very interesting.
00:42:43.519 --> 00:42:49.119
Like, I think this is this doesn't just take balls, this takes a little bit of nonsense as well.
00:42:49.199 --> 00:42:57.039
I think he has some uh neurons or whatever, less than all of us, so he's not afraid of doing things, I would be for sure.
00:42:57.280 --> 00:43:11.360
Um, that said, he ate roughly a 5% loss on every transaction he did in order to do it, and it's the same week he's trying his tracing tied to the 387 million bit get hack.
00:43:11.440 --> 00:43:14.159
As you guys know, this was a major topic of discussion here.
00:43:14.320 --> 00:43:23.840
Um, I mean, just you think about it, you put the Bybit hack, the BitGet hack, and you also probably remember the CAP Calp Dow exploit that we also covered here on SimC Live.
00:43:24.000 --> 00:43:27.760
I mean, I don't know why Zach XBC was doing this, but kudos for him.
00:43:27.920 --> 00:43:29.440
Uh, why it matters, guys?
00:43:29.519 --> 00:43:30.880
I think that's the important question.
00:43:31.119 --> 00:43:34.880
This is the biggest security story in crypto right now.
00:43:35.039 --> 00:43:39.840
Um, and it's not about hacks or whatever, it's just him infiltrating a group.
00:43:40.159 --> 00:43:41.760
Interesting as it can be.
00:43:41.920 --> 00:43:43.360
Uh, bullish on him for sure.
00:43:43.440 --> 00:43:45.199
I think that's the take of the community.
00:43:45.360 --> 00:43:49.039
Um, they are also bearish on exchanges and other other stuff.
00:43:49.280 --> 00:43:53.360
And people are just like, hey, give this man a grant because he's doing God's work right here.
00:43:53.440 --> 00:43:55.199
And I want to know what the community thinks about it.
00:43:55.280 --> 00:43:59.840
If you guys that are listening, would you have guts to do it, or would you be very afraid of losing your phone?
00:44:00.320 --> 00:44:03.920
Next, because if they can hack exchange, what prevents them from hacking you?
00:44:04.000 --> 00:44:04.880
I don't know, Jonathan.
00:44:04.960 --> 00:44:05.679
Would you be afraid?
00:44:06.000 --> 00:44:06.639
Yes.
00:44:09.760 --> 00:44:13.119
I don't know that the life of Zach XPT is for me.
00:44:13.440 --> 00:44:16.639
Obviously, you know, he's doing great work.
00:44:16.880 --> 00:44:18.960
I will support him from a distance.
00:44:19.119 --> 00:44:29.679
I have to imagine his like operational security has to be like incredibly strong to be doing what he's doing and not fear some sort of reprisal.
00:44:29.840 --> 00:44:48.400
I'm not even talking physical, but to your point, like what if if he's exposing like state-backed hackers that have allegedly stolen more than one billion dollars in total, I can only assume that pissing those people off may make them more inclined to, you know, try to try to go after him.
00:44:48.639 --> 00:44:49.679
But I don't know.
00:44:49.760 --> 00:44:51.199
Yeah, I I do love the show Mr.
00:44:51.360 --> 00:44:57.039
Robot, so I do have a certain place in my heart for cybersecurity professionals.
00:44:57.280 --> 00:45:07.199
I will say that, including amateur, uh, I like to call them amateur, um, people, those who are not associated with big firms, independent, that's the word, including independent ones.
00:45:07.440 --> 00:45:12.400
But yeah, I I don't think I'm gonna be doing this level of investigatory work.
00:45:12.639 --> 00:45:15.280
Um I'll I will leave that to the uh to the pros.
00:45:15.679 --> 00:45:16.079
Never.
00:45:16.320 --> 00:45:17.440
Never for anything.
00:45:17.599 --> 00:45:22.079
I'm not putting uh my you know what on the line for this type of thing.
00:45:22.239 --> 00:45:24.639
You know, that's the thing that people need to know.
00:45:24.880 --> 00:45:27.760
That said, there is something interesting I would like to share with people.
00:45:27.920 --> 00:45:29.679
This is the technical analysis section.
00:45:29.840 --> 00:45:31.519
Am I allowed to do that, Jonathan?
00:45:31.599 --> 00:45:32.239
Are you okay with that?
00:45:32.320 --> 00:45:34.400
Are you excited for the TA section today?
00:45:34.719 --> 00:45:39.760
I am looking forward to the TA section and uh yeah, breaking down some charts.
00:45:39.840 --> 00:45:43.679
I'm not sure what you have planned, so I'll I'll be going into this fresh as well.
00:45:43.760 --> 00:45:47.360
So I am excited to figure out and learn what there is to learn today.
00:45:47.599 --> 00:45:49.039
So let's go through it.
00:45:50.480 --> 00:45:51.760
Let's go through it then.
00:45:51.840 --> 00:46:06.719
I'll just as usual, I'll make the chart big here and I'll go over everything that is in the post so you guys know that's those are community takes that I try to pick up four of them that make a lot of sense to tell you guys a history of what may happen with Bitcoin in the near future.
00:46:06.880 --> 00:46:19.039
So, for everyone to know, this is a crypto OGs post here in CMC community, and he zooms out to the weekly chart, try to make his um the simplest bookcase on all the charts that I'm going to share with you guys today.
00:46:19.119 --> 00:46:25.360
So, Bitcoin closed the week at 86.5k, highest weekly close since January.
00:46:25.519 --> 00:46:32.719
And in doing so, it broke the above trend line that connects every lower high since the 2025 top.
00:46:32.960 --> 00:46:42.239
Weekly RSI broke its own downtrend, MACD flipped bullish, and the rule is quite simple, according to him here.
00:46:42.480 --> 00:46:48.320
As long as price stays above the 50-week moving average, the trend is up.
00:46:48.480 --> 00:46:52.239
We covered this 50-week moving average last week as well.
00:46:52.400 --> 00:46:54.159
This is one of the key indicators.
00:46:54.239 --> 00:47:02.480
I've mentioned to you guys that as long as we let your lize the moving average moves, it doesn't need the price to go up or down, it's going to move regardless.
00:47:02.639 --> 00:47:06.960
So, just something really important, a really important indicator for you to follow.
00:47:07.039 --> 00:47:08.719
I mean, as close as you can.
00:47:08.880 --> 00:47:12.239
And he also lays out two paths for BTC this week.
00:47:12.480 --> 00:47:19.840
A break above 87.4, and next target would be 95, according to him.
00:47:19.920 --> 00:47:25.920
So if you break above 87.5 or 87.4, 95 is the next target.
00:47:26.079 --> 00:47:38.239
Uh, which is uh which on his chart here is the bottom of a very big great resistance band that stretches all the way to the 100k, which is a big, big, big psychological level, as we always mention.
00:47:38.559 --> 00:47:43.840
Um, where the 50k a 50-week average rolled over last year as well.
00:47:44.000 --> 00:47:45.119
This is important to know.
00:47:45.199 --> 00:47:49.760
Um, but if we lose anyone, that's the question that someone asked it here on the little on the chart.
00:47:49.920 --> 00:47:50.719
Are we going down?
00:47:50.800 --> 00:47:52.320
I mean, are we going below 80?
00:47:52.480 --> 00:47:53.920
This is the answer that you want.
00:47:54.079 --> 00:48:03.599
If we lose 81 on the weekly close, then next support will be the 50-week average itself that now sits around 77.2.
00:48:03.760 --> 00:48:08.079
That's why I said I don't believe that if we do, we're going much lower than 77.
00:48:08.239 --> 00:48:12.000
78, 77, that's where I see us going next.
00:48:12.239 --> 00:48:17.840
So next trigger above 87.4 or below 80.
00:48:18.079 --> 00:48:22.880
If we miss that, if we lose 81 specifically, according to crypto OG.
00:48:23.039 --> 00:48:26.320
So this is the first analysis that we have today, but it's not the only one.
00:48:26.400 --> 00:48:32.639
We also have Crypto Py Cash that actually shares other um important things here with us.
00:48:32.719 --> 00:48:35.519
Um, he is uh the most viewed post of the batch.
00:48:35.599 --> 00:48:41.920
So I mean, 15k people have already seen this post, and he's aiming at bears here, so he has a different take.
00:48:42.000 --> 00:48:59.599
His analysis actually point that the whole uh Bitcoin is going to make a new cycle low thesis was built on weekly downtrend, lower highs followed by lower lows, and the structure just got invalidated, so it's not valid anymore, it's out of the question, in his opinion.
00:48:59.760 --> 00:49:10.159
So Bitcoin broke above the swing high that was holding the bearish pattern together, which is the line that is market on the chart, as you can see on the screen right now.
00:49:10.559 --> 00:49:13.920
Uh, and the key point is the historical observation that he makes.
00:49:14.079 --> 00:49:25.440
He mentions that once the weekly lower high sequence breaks, Bitcoin hasn't then gone on to print fresh cycle lows, it hasn't happened in past cycles.
00:49:25.519 --> 00:49:32.000
This is an important one, and um the reactions on his post actually lean bullish two to one, let's put it like this.
00:49:32.079 --> 00:49:36.960
So, the comments how the community is actually reacting to that, which is a decent read.
00:49:37.039 --> 00:49:46.639
So it seems like most people are actually looking forward for the new cycle low not to happen, and instead we go upwards from here.
00:49:46.880 --> 00:49:58.480
That's his analysis, and the next one that I am going to share is from Wise Analyze here, which I think it rhymes, so it's always good to read a post from this account.
00:49:58.639 --> 00:50:02.559
By the way, if you own this account and you're here in the live chat, make sure to send a message here.
00:50:02.719 --> 00:50:07.199
He's a third analyst here and is a scalper working the four-hour chart, guys.
00:50:07.280 --> 00:50:10.719
So, this is for everyone that does scalping, the scalpers out there.
00:50:10.880 --> 00:50:15.360
Um, his read is that it's um it's a range until it's proven otherwise, right?
00:50:15.440 --> 00:50:20.880
Lex week candle look at bullish with one caveat, it didn't make a new high, and that's the important thing.
00:50:21.039 --> 00:50:29.360
On the four-hour chart, price is in a clean sideways box, as I've mentioned to you before, sideways going, etc.
00:50:29.679 --> 00:50:31.840
With the top at around 87.3.
00:50:32.079 --> 00:50:32.480
Guess what?
00:50:32.639 --> 00:50:38.079
Has been mentioned before by other people, and the bottom at 82 83k.
00:50:38.159 --> 00:50:47.679
So, guys, that's kind of like the ranges that everyone is looking into because people don't use only one only one hour charge, they use one hour, four hours, one day, one week.
00:50:47.760 --> 00:50:48.639
You know what I'm saying?
00:50:48.719 --> 00:50:58.320
And they just try to understand how the smaller patterns fit into the bigger patterns to understand where the price is actually going, what is noise and what is not, so you can really rely on the good things.
00:50:58.559 --> 00:51:08.239
And uh he mentions that his expectation is that Bitcoin either breaks out within the next two days or drift back to the middle and possibly to the bottom of the box.
00:51:08.320 --> 00:51:13.039
But that means between 82 and 87, so not too much movement.
00:51:13.119 --> 00:51:14.159
Let's put it like this.
00:51:14.320 --> 00:51:20.960
If we go up, he mentions about 89, 91, 93, and 98 as potential targets.
00:51:21.039 --> 00:51:30.960
Okay, and if we go below, he mentions about 83, 82, 81, 79, and the deepest one at 74, which is below the 50-week moving average.
00:51:31.119 --> 00:51:34.320
So that's one of the reasons why I don't think we're getting that down.
00:51:34.480 --> 00:51:38.400
Regardless, I do believe that we are going to see a lot of support, right?
00:51:38.559 --> 00:51:42.639
If we break 82 below, we are going to have a ton of supports for BTC.
00:51:42.719 --> 00:51:47.199
I don't think the price is going down um like single-handedly and simply dropping.
00:51:47.280 --> 00:51:50.000
I think we are going to have a lot of stops along the way.
00:51:50.079 --> 00:51:51.679
It's going to be a slower movement.
00:51:51.840 --> 00:51:53.199
Same thing as we go up.
00:51:53.280 --> 00:51:57.039
I don't think anything is going to break uh crazy down or up.
00:51:57.199 --> 00:51:57.599
Let's see.
00:51:57.679 --> 00:51:58.239
Maybe I'm wrong.
00:51:58.320 --> 00:51:58.719
I don't know.
00:51:58.800 --> 00:52:06.000
I'm not at I mean, I I don't want I don't want to say that I'm bad at things, but uh yeah, I don't want to also want to say I'm good regardless.
00:52:06.079 --> 00:52:11.039
This is what uh wise analysis is sharing here, and um yeah, that's kind of like his take.
00:52:11.119 --> 00:52:14.159
So let's wait and see if this ends up playing out.
00:52:14.239 --> 00:52:17.039
But you guys know the range to look for.
00:52:17.360 --> 00:52:23.679
Let's post from Gabi kind of like settles everything together here, um, and is uh is a warning, right?
00:52:23.760 --> 00:52:26.000
I think he uh she actually makes the read here.
00:52:26.079 --> 00:52:28.480
I think it's she, so yeah, I'm calling she.
00:52:28.880 --> 00:52:34.079
Um reads the last few days on the four-hour chart as well as a liquid sweep, not a breakout.
00:52:34.159 --> 00:52:51.760
So price ran above the recent highs, grabbed the stop losses that were sitting out there, then it got rejected at a descending trend line that is drawn here from late September high near 87.4, and then printed this bearish market structure.
00:52:51.920 --> 00:52:54.719
So, a couple things for you to understand here.
00:52:54.880 --> 00:53:05.920
Quick explainer for you a liquidity sweep is actually when price pucks above an obvious level just long enough to trigger the orders that are resting there.
00:53:06.159 --> 00:53:11.599
Then boom, it reverses, and it's the move that looks like a breakout, and it isn't.
00:53:11.679 --> 00:53:20.960
Okay, so her take here is that the push higher may have been about taking liquidity rather than starting a clean up trend.
00:53:21.039 --> 00:53:29.760
Therefore, we are only killing people that are longing the market or they're shorting the market, not necessarily going up only from here.
00:53:29.840 --> 00:53:30.960
That's the key point.
00:53:31.199 --> 00:53:38.800
She also mentions that 50-week average from the first analysis, and she mentioned about two things to keep this honest.
00:53:38.960 --> 00:53:46.480
Um, don't chase a short just because the charge looks bearish, and wait for it to reclaim the broken structure.
00:53:46.639 --> 00:53:57.039
Okay, and she also calls it a four-hour close back above 86 to 87, as this can weaken the whole bearish thesis.
00:53:57.119 --> 00:54:03.760
So if we go above 86.5 to 87, the bearish case is probably going to be done.
00:54:04.000 --> 00:54:05.920
Guys, combine it take here.
00:54:06.000 --> 00:54:06.960
You know the ranges.
00:54:07.039 --> 00:54:10.480
We are looking at 86-87 for a potential breakout.
00:54:10.639 --> 00:54:17.199
We are looking to 82 for a potential downfall for BTC between 82.7 and 81.
00:54:17.360 --> 00:54:29.199
From that point, we can yes take the 50-week moving average if we go lower, but if we go higher, there are targets that go from 90 to 95, even to 98.
00:54:29.360 --> 00:54:32.880
As I said, I firmly believe it's going to take time for us to get there.
00:54:33.039 --> 00:54:36.880
Neither of these moves are going to happen instantly, in my opinion.
00:54:37.039 --> 00:54:38.960
That's just my take, though, Jonathan.
00:54:39.039 --> 00:54:39.920
I want to hear from you.
00:54:40.079 --> 00:54:40.800
What do you think?
00:54:40.880 --> 00:54:50.400
Is this more an instant move from BTC up or down, or are we going to move slowly either if we're trending up or if the price uh nukes from here?
00:54:52.480 --> 00:54:55.440
Oh, I'm at uh yeah, I'm I'm I'm not sure.
00:54:55.599 --> 00:55:09.440
My instinct says slow grind for a little bit, but we've also seen these kind of explosive moves up that break through a resistance that maybe end up with a short squeeze, and then that becomes the new floor.
00:55:09.599 --> 00:55:22.719
So uh I don't want to put all of my eggs in the slow grind basket, but I think that any of those kind of big big jumps are gonna be big relative jumps.
00:55:22.880 --> 00:55:28.000
So I don't think we're gonna jump from 80 to 100k in a week um uh anytime soon.
00:55:28.159 --> 00:55:36.719
But maybe we'll jump, maybe we'll break past 87 and then we'll get to 88, 89, and then hit some resistance there and then bounce back down.
00:55:36.880 --> 00:55:40.639
Uh, that's the kind of more more jump that I think is a bit more likely.
00:55:40.960 --> 00:55:51.360
But I think that I think one interesting thing of this session was that all of the people that you cited were referring to the importance of 87K.
00:55:52.079 --> 00:56:01.440
And I think that kind of, you know, it's it's easy to sometimes look at TA kind of and be like, this is just kind of reading the stars or like reading the tea leaves.
00:56:01.599 --> 00:56:02.960
It doesn't really mean anything.
00:56:03.119 --> 00:56:18.239
But then you look at that actual Bitcoin chart, and you can see that like 87k is actually where we rejected uh over the weekend on Friday, where roughly where we rejected again early this morning, late last night.
00:56:18.480 --> 00:56:29.760
And so clearly, you know, there is stuff to be learned here from the charts uh beyond that is not just kind of you know woo-woo reading tea leaves.
00:56:29.840 --> 00:56:33.360
There actually is knowledge to be gained from looking at the charts.
00:56:33.519 --> 00:56:41.760
And so I think that the TA you put together in this TA section is super important for that reason, and is also very um educative.
00:56:41.920 --> 00:56:43.199
I don't know if that's the right word.
00:56:43.519 --> 00:56:49.679
Educational, very educational for someone like me, where my background is not in day trading.
00:56:49.840 --> 00:56:53.199
So I look forward to these sections where I can learn a lot.
00:56:53.360 --> 00:57:09.360
So yeah, just thank you uh for kind of putting this all together and uh reminding me that this kind of stuff is important to be looking into when you consider the uh especially short-term movements in uh in and coin prices.
00:57:10.239 --> 00:57:12.559
I agree with you 100% and Jonathan.
00:57:12.639 --> 00:57:18.719
Just because I saw some people asking here on the live chat about Nier and Ondo, I would just share some thoughts on this.
00:57:19.039 --> 00:57:23.280
Nier, um, I think that is the ETF thing that got behind it last week.
00:57:23.440 --> 00:57:30.400
So be twice fund uh fund a I think in NYSE um ETF last week.
00:57:30.559 --> 00:57:32.719
Um and I think that's something very important.
00:57:32.880 --> 00:57:41.039
Ondo also is putting tokenized Nvidia and um Tesla on Nier.com, which kind of like beans those two together, right?
00:57:41.280 --> 00:57:45.599
And it ran, I think, almost 200% on September alone, right?
00:57:45.840 --> 00:57:48.320
Levels to watch for Nier, in my opinion.
00:57:48.480 --> 00:57:55.119
I think I mean 5.58, I think on the upside, I think maybe the ceiling there.
00:57:55.280 --> 00:57:58.559
$5 seems to be the line that people are really looking into.
00:57:59.039 --> 00:58:02.480
4.74 cents seems to be the down line as well.
00:58:02.719 --> 00:58:09.280
So yeah, I I think a retest down there could be normal, not something that I would completely take out of the equation.
00:58:09.360 --> 00:58:10.320
I think may happen.
00:58:10.480 --> 00:58:25.920
And on though on the other side, um, on the other side, sorry, um, I think just when it comes to tokenized stocks, there is a new record, I think, around Ondo 1.26 billion lockhead, crazy amount of money, I think.
00:58:26.000 --> 00:58:27.679
As I said, record for them.
00:58:27.840 --> 00:58:43.039
Um, and it was um, I think that if you look at the price for Ondo specifically, levels to watch, same as Nier, I mean, probably 46 to 48 cents is the support sitting right now.
00:58:43.199 --> 00:59:00.639
I mean, I don't know, maybe looking to 62 64 per 64 cents there could be could be a thing, but that is just like two quick cents on what I feel about Nier and Ondo before Jonathan takes over to do the the token unlocks, just so I don't leave you guys without nothing.
00:59:00.880 --> 00:59:08.480
That said, it's a very short and quick analysis that I just looked into it here, and um, yeah, I think you guys should definitely use CMC AI for that.
00:59:08.639 --> 00:59:18.559
And also soon enough, use I don't know if you guys have used it already, but as I'm sharing my screen, I'll make sure to um to show CMC Agentic charts.
00:59:18.639 --> 00:59:24.000
If you guys haven't done it yet, you can analyze BTC simple as typing.
00:59:24.079 --> 00:59:33.440
Okay, I'm not signed up, so it's not gonna show here, but you simply type whatever you want to see on the chart, ask whatever, and it will get you all the details about it.
00:59:33.519 --> 00:59:37.280
And as you can see, you have a ton of tokens to play around, including Nier and Ondo.
00:59:37.519 --> 00:59:38.559
So go for it.
00:59:38.719 --> 00:59:42.239
Jonathan, back to you for the token unlock so we can wrap this up.
00:59:42.559 --> 00:59:44.639
Yeah, and you took the words out of my mouth.
00:59:44.719 --> 01:00:05.039
Uh, I was gonna say that this is a perfect opportunity to try out the new agency trading uh feature, agentic charts, and to just plug in there, you know, go to ondo, go into near, plug it in your questions, plug in your questions, ask it to identify the uh resistance and support levels, and it'll just pop it into pop it in the chart right there for you.
01:00:06.239 --> 01:00:08.239
But yeah, moving on to the token unlock.
01:00:08.320 --> 01:00:13.199
Somebody earlier at the beginning of the show, I hope you stuck around, was asking about the Athena unlock.
01:00:13.360 --> 01:00:14.239
So that is today.
01:00:14.320 --> 01:00:16.320
I believe it has actually already happened.
01:00:16.480 --> 01:00:30.320
So they Athena unlocked 1.41 billion ENA investor tokens and 93.75 million contributor tokens for a total amount of 350 million dollars.
01:00:30.480 --> 01:00:35.360
That is 14 to 15 percent of the pre-unlock supply.
01:00:36.880 --> 01:00:43.519
We have uh also coming up this week tomorrow, hyperliquid hype, uh, ticker hype, H Y P E.
01:00:44.400 --> 01:00:46.000
That is tomorrow.
01:00:46.320 --> 01:00:52.480
Uh sorry, 3.75 million hype for$347 million in value.
01:00:52.639 --> 01:00:56.559
That is 1.5% of the circulating supply.
01:00:56.880 --> 01:01:13.360
We also have rain, ticker rain, r-a-in- unlocking Friday, October 10th, 24.75 billion tokens for a value of 292 million, that is 3.5% of the circulating supply.
01:01:13.599 --> 01:01:19.119
We have ADI, ticker of the same name, unlocking October 9th.
01:01:19.519 --> 01:01:24.000
That is 7 million tokens for 56 million dollars in value.
01:01:24.400 --> 01:01:31.199
However, that is 74% of the circulating supply, so quite a large unlock there.
01:01:31.840 --> 01:01:41.440
And then we have Unix ticker UB unlocking next week, Monday, October 12th, before this show starts, so still relevant.
01:01:41.679 --> 01:01:49.039
That is 312.5 million UB tokens for a value of 43 million and in total.
01:01:49.119 --> 01:01:54.000
Uh we're representing 12.5% of the circulating supply.
01:01:54.079 --> 01:02:11.440
So again, we have Athena, ENA, Hyper Liquid, Hype Rain, R-A-I-N, ADI, ADI, Unibase, UB, all having unlocks this or in the next seven days with the Athena one uh already having occurred.
01:02:11.679 --> 01:02:25.679
So if you hold any of these tokens, just make sure that you keep this in mind when you are making your positions for the week and deciding how you want to move this week with your portfolio.
01:02:25.920 --> 01:02:28.960
So yeah, that's it.
01:02:29.280 --> 01:02:38.639
I agree with Jonathan, and thanks for sharing by the way the unlocks because I'll be honest with you, there are some stuff that there is sitting on my portfolio and that I was not aware.
01:02:38.800 --> 01:02:42.719
So, I mean, it's good for me to know about that at this point in time.
01:02:42.800 --> 01:02:46.880
But I I'll be honest with you, I don't think I'm moving anything, but it's it's good to know, anyways.
01:02:46.960 --> 01:02:48.320
It's good to be very good to know.
01:02:48.480 --> 01:02:53.360
Uh, wondering if you have any final thoughts for the audience um today before we call it a day.
01:02:53.840 --> 01:02:54.800
Final thoughts.
01:02:54.960 --> 01:03:03.039
Yeah, I mean, keep uh I guess keep an eye on the 87k level, as we learned from Gab's TA section.
01:03:03.199 --> 01:03:09.199
Keep an eye on those tokens if you have any of those in your portfolio, those tokens that are gonna be unlocked.
01:03:09.360 --> 01:03:30.960
And then as well, I'm really curious about the Fed meeting minutes on Wednesday and whether we're gonna get any insight into or any hints into what may be coming down the line in terms of future, you know, kind of Fed decisions, as well as while we were live, uh, I saw a couple of big news items roll past my feed.
01:03:31.360 --> 01:03:42.000
So uh there was a CFTC release of proposed uh official release of proposed crypto market rules for regulating U.S.
01:03:42.079 --> 01:03:42.960
crypto markets.
01:03:43.360 --> 01:03:46.559
Very curious what is gonna come of that.
01:03:46.719 --> 01:03:52.960
So that is something that uh basically after this call I'll be uh jumping right into and figuring out what that's about.
01:03:53.119 --> 01:03:57.920
So I'm curious if that's gonna be big, if it's gonna move the market and when it's going to take effect.
01:03:58.079 --> 01:04:01.039
So yeah, those are some of the things that are on my mind.
01:04:01.199 --> 01:04:03.760
Some last parting words and things to look for.
01:04:03.840 --> 01:04:05.280
Um, somebody here.
01:04:05.840 --> 01:04:07.920
All-time high is all we need.
01:04:08.320 --> 01:04:09.760
Uh, I completely agree.
01:04:09.920 --> 01:04:13.519
Looking for an all-time high and all the coins that I hold personally.
01:04:14.000 --> 01:04:15.039
Yeah, 100%.
01:04:15.440 --> 01:04:17.760
Looking forward to all-time highs, Jonathan.
01:04:18.000 --> 01:04:20.960
And I think next week wouldn't be me or you here.
01:04:21.039 --> 01:04:22.800
We have Alice and a special guest.
01:04:22.960 --> 01:04:29.519
So if you guys want to know, make sure to download the CMC app, turn on the notifications, we will notify you as soon as we go live.
01:04:29.679 --> 01:04:33.199
But for today, that's a wrap on the weekly crypto forecast.
01:04:33.280 --> 01:04:35.360
Before we leave, quick heads up for everyone.
01:04:35.519 --> 01:04:41.440
Besides all the things that we show you that CMC can do here, absolutely nothing on the show is financial advice.
01:04:41.519 --> 01:04:46.320
We always recommend you to do your own research before aping into any token.
01:04:46.559 --> 01:04:54.239
Use CMC Agentic Trading because you guys will be amazed at what the Agentic charts can actually do for you.
01:04:54.400 --> 01:04:55.440
It's absolutely insane.
01:04:55.519 --> 01:05:08.639
You just type hey, I want to know where the resistance and the supports lie for the I mean for BTC, and he will tell you, he will draw on the charts and let you know why that is the price, what are the price levels and all those details.
01:05:08.719 --> 01:05:10.079
So please use it.
01:05:10.159 --> 01:05:11.760
I mean, I think you'll be amazed.
01:05:11.920 --> 01:05:17.280
And I mean, as much as you want to do it more and more for other tokens, you also have the possibility to do that.
01:05:17.440 --> 01:05:21.280
That said, the weekly crypto forecast will be back next Monday, same time, 3 p.m.
01:05:21.440 --> 01:05:24.400
UTC, as I said, with Alice and a special guest.
01:05:24.719 --> 01:05:27.599
So shout out for Jonathan for dropping the alpha today.
01:05:27.679 --> 01:05:31.440
But I only see you from probably two weeks from now, Jonathan, right?
01:05:32.079 --> 01:05:33.280
Yeah, yeah, exactly.
01:05:33.360 --> 01:05:35.360
So looking forward to the week off tomorrow.
01:05:35.440 --> 01:05:39.840
It's a public holiday here in the US, uh, next week, as well as I believe in Brazil.
01:05:40.000 --> 01:05:40.159
Yep.
01:05:40.320 --> 01:05:41.760
And so yeah, I'll see you.
01:05:41.920 --> 01:05:43.280
See you soon after that, I guess.
01:05:43.440 --> 01:05:47.360
Yeah, hopefully when we come back, BTC is already trading at 100k.
01:05:47.599 --> 01:05:49.599
But that's all for today, CMC fam.
01:05:49.840 --> 01:05:53.599
I hope you all have a great week until the next weekly crypto forecast.
01:05:53.679 --> 01:05:56.880
Make sure to stay informated, stay safe, and keep hodling.
01:05:57.039 --> 01:05:57.840
I see you guys soon.
01:05:57.920 --> 01:05:58.960
Have a great crypto week.
01:05:59.039 --> 01:05:59.360
Bye bye.
01:05:59.519 --> 01:06:00.800
Take care, everybody.
00:00:04.320 --> 00:00:08.320
What is up for all the CNC family listening and watching us right now?
00:00:08.480 --> 00:00:13.119
Warm welcome to all the gents, the farmers, the haulers, the day traders, everyone out there.
00:00:13.279 --> 00:00:16.800
You're now here on the weekly crypto forecast by CoinMarketCap.
00:00:16.879 --> 00:00:22.320
As you know, I'm your host, Gabriel Zani, and with me today I have Jonathan CMC's content lead.
00:00:22.480 --> 00:00:23.679
Jonathan, feeling good?
00:00:23.839 --> 00:00:24.559
Feeling bullish?
00:00:24.640 --> 00:00:26.079
I think that's the question that I want to have to you.
00:00:26.239 --> 00:00:26.879
Feeling bullish?
00:00:27.039 --> 00:00:27.920
I am feeling good.
00:00:28.000 --> 00:00:28.960
I'll start with that.
00:00:29.199 --> 00:00:33.520
Feeling bullish, long term, always bullish.
00:00:33.679 --> 00:00:38.560
You know, I think we have so much room to grow short term this week.
00:00:38.719 --> 00:00:39.359
I don't know.
00:00:39.520 --> 00:00:51.200
I mean, uh, just looking at the we're gonna look more at the chart um in just a minute here, but looking at the chart of the past week, despite the little pickup and bump on Friday, you know, we are still on an uptrend.
00:00:51.280 --> 00:00:56.079
So I guess I am going to officially come out as bullish for this week.
00:00:56.240 --> 00:01:02.079
Okay, I love you being bullish because I think is you're in sync with the community, and I also love that you're feeling good.
00:01:02.159 --> 00:01:07.840
And to be very honest with you, after I mean, um a spa on the weekend with my girl, I would feel the same.
00:01:08.000 --> 00:01:11.840
So I think that as expected, I'll say.
00:01:11.920 --> 00:01:16.799
But for everyone listening, as usual, from narratives to catalysts, we got everything covered here for you.
00:01:16.959 --> 00:01:22.400
And if you just want to be ahead of everyone, just check the peanut post that we have here in the live, both on web and app.
00:01:22.480 --> 00:01:25.760
You can just click and see that Michael Sealer added some BTC.
00:01:25.840 --> 00:01:27.439
What is going on on the BTC side?
00:01:27.519 --> 00:01:28.239
Are people bullish?
00:01:28.319 --> 00:01:29.680
Are people how bullish are people?
00:01:29.840 --> 00:01:33.439
Because I think most of people are actually bullish, but how bullish are them?
00:01:33.599 --> 00:01:35.439
You can know just by clicking on that.
00:01:35.599 --> 00:01:38.959
And if you want to catch us live every single Monday here, you already know how to do it.
00:01:39.040 --> 00:01:41.519
Download the CMC app, turn on the notifications.
00:01:41.680 --> 00:01:44.319
Otherwise, you can just simply log in 3 p.m.
00:01:44.480 --> 00:01:45.120
UTC.
00:01:45.280 --> 00:01:47.680
We will be here every single Monday.
00:01:47.760 --> 00:01:58.000
And in case you miss any of the episodes, all of them are waiting for you on the CMC Live Hub or on Spotify, Apple Podcasts, whatever you listen to your stuff, you can find us there.
00:01:58.079 --> 00:01:59.760
But Jonathan, let's kick things off.
00:01:59.840 --> 00:02:02.319
And you mentioned that you are feeling good, feeling bullish.
00:02:02.480 --> 00:02:10.080
But tell us now as we look into the actual market, that data of the market, because I'll share my screen here, or will you?
00:02:10.159 --> 00:02:10.560
I don't know.
00:02:10.719 --> 00:02:12.639
If you want me to share, I can share if you want to share.
00:02:12.719 --> 00:02:13.919
I mean, you can let you share as well.
00:02:14.000 --> 00:02:15.120
What do you want me to do?
00:02:15.840 --> 00:02:17.039
I guess I'll go ahead and share it.
00:02:17.120 --> 00:02:24.560
It's maybe a bit easier because I do this for Alice when she's talking, so I'm also quite attuned to the process.
00:02:24.879 --> 00:02:28.560
While I do that, somebody and tell us how you're feeling about the market.
00:02:28.639 --> 00:02:34.800
And by the way, just so you know, Jonathan, I know you I mean said a couple nice things in Spanish today in the beginning of the life.
00:02:34.960 --> 00:02:38.080
People are already requesting the next language to be Arabic.
00:02:38.159 --> 00:02:40.960
Just for you to know, you I mean, I know probably you need to prepare.
00:02:41.039 --> 00:02:45.840
I don't know how long it's gonna take, but just like know that this is the demand for the audience here.
00:02:46.159 --> 00:02:46.960
Inshallah.
00:02:47.439 --> 00:02:49.039
That's about all that's about all Arabic.
00:02:49.199 --> 00:02:50.159
That's good enough, I think.
00:02:50.240 --> 00:02:52.560
I I believe you did more than I could do.
00:02:52.719 --> 00:02:55.360
So yeah, I mean, I'm I'm I'm happy for you.
00:02:55.520 --> 00:03:05.199
Uh while I pull up my screen here, uh, I just will give a shout-out to the person who made a comment about how I sound like a football commentator, which is uh a great, a great compliment.
00:03:05.280 --> 00:03:19.199
I've always uh you know wanted to get into uh you know, I'm always trying to find ways to leverage my voice, and so you know, if if you got a hookup where I can get in on football commentating, certainly I would I would love to do that.
00:03:19.280 --> 00:03:22.319
I don't know, I don't really follow sports uh that closely.
00:03:22.479 --> 00:03:28.479
Sorry to shame myself here, but uh I would be more than happy to be a football commentator for somebody.
00:03:28.560 --> 00:03:29.520
So uh hit me up.
00:03:29.680 --> 00:03:33.759
All right, so we have here got the CMC homepage on.
00:03:33.919 --> 00:03:36.319
So this is usually again Alice's domain here.
00:03:36.400 --> 00:03:46.400
So I'm going to do my best to channel my inner Alice and go ahead and give everybody an update as to where we are in the crypto market today.
00:03:46.479 --> 00:03:50.319
So let's just start broad and then we can zoom in a little more.
00:03:50.479 --> 00:04:00.319
Crypto market cap sitting at$9.1 trillion with$76.49 billion in trading volume in the past 24 hours.
00:04:00.479 --> 00:04:05.520
If we look on the 30-day chart, relatively flat over the past several days.
00:04:05.599 --> 00:04:09.919
But again, we are definitely up if you look at it from month over month.
00:04:10.080 --> 00:04:11.120
So that is great to see.
00:04:11.199 --> 00:04:22.720
Uh, we don't usually cover ETF inflows, but since I scroll down, I might as well just mention that we also saw not an incredibly impressive amount, but$13 million in ETF inflows.
00:04:22.959 --> 00:04:25.120
That would be uh Friday, I guess.
00:04:25.279 --> 00:04:28.160
All right, how uh is everybody fearful?
00:04:28.319 --> 00:04:29.199
Are you greedy?
00:04:29.360 --> 00:04:30.480
Let me know in the chat.
00:04:30.720 --> 00:04:43.839
Based on the CMC Crypto Fear and Greed Index, we are still in greed, but we are kind of not as deep into greed as we were uh just even not that long ago.
00:04:43.920 --> 00:04:50.639
If you look in the 30-day chart here, you can see that we are uh from 30 days ago trending a little bit down.
00:04:50.720 --> 00:04:55.120
We were 75 more firmly into greed, almost into extreme greed a month ago.
00:04:55.279 --> 00:04:58.399
Now we are still greedy, but only 67.
00:04:58.480 --> 00:05:06.879
But of course, if you zoom out on the one-year chart, uh we are nowhere near the fear that we were back in when is this back in back in July.
00:05:07.040 --> 00:05:12.160
So still greedy, but not quite as greedy as we were uh even just a month ago.
00:05:12.399 --> 00:05:13.920
What about altcoin season?
00:05:14.079 --> 00:05:21.199
Altcoin season is the big conversation on everybody's mind all the time, always wondering, are we in altcoin season?
00:05:21.439 --> 00:05:33.360
According to the CMC Altcoin Index, we are in altcoin season, but you will notice it is only 60 out of 150, of course, being the marker between Bitcoin season and altcoin season.
00:05:33.519 --> 00:05:39.839
So we are only 10% 10 points into altcoin season.
00:05:40.000 --> 00:05:46.399
So we will, and of course, the I think we've had this conversation before, but what is altcoin season is a is a constant debate.
00:05:46.480 --> 00:05:49.680
There are always altcoins that are outperforming.
00:05:49.839 --> 00:06:13.199
And if you look at quickly here, the top 100 coins by performance over 90 days, you can see we've got pump dominating at 290%, quant, QNT, at 280%, Athena, ENA at 227%, uh down to Zcash, Uniswap, Ray, VVV, Arb, NIR, STX, etc.
00:06:13.519 --> 00:06:18.720
Lots of uh good performing altcoins over the last 90 days.
00:06:18.959 --> 00:06:26.560
However, if we go to the chart here, how are the big two coins doing Bitcoin and Ethereum?
00:06:26.959 --> 00:06:43.839
Bitcoin, if we pop into the Bitcoin chart here, you will see is let me go back actually, it is up 0.26% over the past 24 hours, so relatively flat over the past 24 hours, but up 3% over the past seven days.
00:06:44.079 --> 00:07:18.399
Ethereum also basically flat 0.009% over the past 24 hours, up 1.36% over the past seven days, moving then down to some of the other big majors, BNB up 3.94% over the past week, XRP 1.18%, Solana 1.41%, Tron.78%, hyperliquid 6.29%, and Zcash, although it is still way up over the past 90 days, down 14.73% over the past seven days.
00:07:18.560 --> 00:07:22.720
Okay, now sorting by seven-day performance here.
00:07:22.879 --> 00:07:25.759
You can see again this conversation of altcoins.
00:07:25.839 --> 00:07:27.600
Are altcoins performing well?
00:07:27.680 --> 00:07:31.759
You've got some altcoins here that are clearly performing pretty well over the past seven days.
00:07:31.920 --> 00:08:00.399
No blowouts this week, but still some good performance coming from midnight, 71.88%, layer zero, 31.18%, pump fun, 26.92%, Ave, 25.7%, continuing down to Sky Stacks, ICP, WorldCoin, Curve, Quant, all seeing some reasonable performance, uh, along and some good performance in other cases, the past seven days.
00:08:00.560 --> 00:08:03.839
Now, we were talking before about are we feeling bullish?
00:08:04.079 --> 00:08:06.079
Are we feeling bearish?
00:08:06.319 --> 00:08:11.120
I'm gonna go back here and just look at the Bitcoin chart specifically.
00:08:11.439 --> 00:08:18.240
24 hours again, a bit of another little bit of a roller coaster here, where we have ultimately ended up flat over 24 hours.
00:08:18.480 --> 00:08:24.000
But if you look at the one-week chart, we are up 3% over one week.
00:08:24.240 --> 00:08:29.680
You can see a pretty clear trend here over the past month, 7% over the past month.
00:08:29.759 --> 00:08:34.720
Again, you can see a pretty clear trend starting in mid-September here to where we are now.
00:08:34.960 --> 00:08:41.360
So I am certainly hopeful and encouraged that this will continue this week as well.
00:08:41.600 --> 00:08:48.879
Maybe a bit bumpy again, as we've seen over the past couple of days here, but I am hopeful that we will still continue on this uptrend this week.
00:08:49.039 --> 00:09:05.759
Now, of course, stay tuned till the very end for the TA section where Gab is going to break down what the charts are telling us with the the actual Bitcoin price charts, the data, what is that telling us for what we should be expecting in the near, medium, and long term?
00:09:06.320 --> 00:09:12.480
So, with all of that, Gab, now that we've gone over all that information, we're looking at the Bitcoin one-week chart here.
00:09:12.639 --> 00:09:15.039
Are you still bullish on your end as well?
00:09:15.279 --> 00:09:16.000
How are you feeling?
00:09:16.240 --> 00:09:17.759
I think I'll be very honest with you.
00:09:17.840 --> 00:09:24.639
I think last week we covered a little bit about it and we were talking about this resistance that we have at 87 or whatever.
00:09:24.799 --> 00:09:28.080
Uh, Bitcoin kind of touched that again once more.
00:09:28.240 --> 00:09:34.480
And um, I think there was some data coming out of the US government or the US economy, let's say, last week.
00:09:34.639 --> 00:09:37.519
I think there was a week jobs data that actually synced it.
00:09:37.600 --> 00:09:39.360
They've had uh hike odds.
00:09:39.519 --> 00:09:42.399
If I'm not wrong, on Friday, it was at 17%.
00:09:43.039 --> 00:09:45.840
Right now, I don't know where it is, but I know you know.
00:09:46.000 --> 00:09:57.679
And uh, but there was also a um a call, I think, from Citibank, if I'm not mistaken, um, that they actually mentioned about BTC hitting 113k, right?
00:09:57.759 --> 00:10:07.440
And when I saw that, I was I was like, hey, I mean, it's it seems to me like a reasonable target for BTC, like 113k seems like right there.
00:10:07.679 --> 00:10:08.960
We can definitely go.
00:10:09.200 --> 00:10:17.120
But when I saw the timeline that they give for it to happen, which was like 12 months, I was like, hey, hey, come on, like, yeah, I mean, who are you trying to surprise here?
00:10:17.200 --> 00:10:19.519
Or like what is going on with this prediction?
00:10:19.759 --> 00:10:26.159
Because prediction for 12 months of like BTC going up by I don't know 20k or something.
00:10:26.240 --> 00:10:30.080
I I firmly believe that it can happen much sooner than that, to be very honest.
00:10:30.240 --> 00:10:33.840
Regardless, um, I I feel more neutral than the market.
00:10:33.919 --> 00:10:37.759
In the beginning, you shared like the feed and greed, like a a couple people in the greed.
00:10:37.840 --> 00:10:45.600
Yes, I agree, but there are a lot of people in the live chat that I feel like are very much more bullish than I am at this point in time.
00:10:45.759 --> 00:10:48.960
I do feel like BTC is going to lateralize for a little bit more.
00:10:49.200 --> 00:10:57.200
Regardless, Jonathan, I think I'm more on the upside than on the downside for BTC price action and for altcoins as well.
00:10:57.360 --> 00:11:05.840
One key point that I believe people must know is that some altcoins are performing really, really well and people should be looking into them.
00:11:06.000 --> 00:11:14.480
And I know you have Zcash on your screen right now, so I don't know if you want to talk a little bit about it or if you have more stuff to share, but that's kind of like how how I am.
00:11:14.639 --> 00:11:18.159
Um, those are my takes on the market for this last cup, this last seven days.
00:11:18.399 --> 00:11:19.840
Yeah, thank you for sharing those.
00:11:20.000 --> 00:11:24.240
I have uh Zcash up because some people in the chat were asking about Zcash.
00:11:24.559 --> 00:11:26.799
So you can see Zcash is down over the week.
00:11:26.879 --> 00:11:32.480
You know, had a bit of an explosive rally, you know, the past several weeks, past couple of months.
00:11:32.720 --> 00:11:38.879
So uh just gonna use this as a quick opportunity to uh quickly demo our AI product as well.
00:11:39.039 --> 00:11:42.720
So I'm also wondering why Zcash is down over the past week.
00:11:42.879 --> 00:11:49.279
So if you go to the Zcash page or any coin you have questions about, you'll see the CMC AI below.
00:11:49.440 --> 00:11:53.279
Uh, here you'll see there's a pre-filled out question here.
00:11:53.440 --> 00:11:55.840
Why is ZEC's price down?
00:11:56.559 --> 00:12:09.440
So, some reasons why Zcash's price is down, uh, according to the AI, is the primary reason will be that Zcash uh grayscale Zcash ETF saw outflows ending a five-week inflow streak.
00:12:09.519 --> 00:12:33.200
So I think this is actually, I won't spend too much time talking about this, but uh, I do think this is actually kind of important that you'll you see this with the Bitcoin as well, that the more institutionalized a coin gets when it starts, you know, being adopted by institutions, such as through ETFs, the more control the institutions and the ETFs have over the price movements.
00:12:33.440 --> 00:12:41.200
Maybe control isn't the right word, the more influence that there is based on these sort of institutional investments and plays.
00:12:41.679 --> 00:12:54.559
So you're gonna start seeing with Zcash, I believe, more price action driven by things like ETFs and less by things like retail uh piling in and driving the price up and down.
00:12:54.720 --> 00:13:01.519
And of course, there are a few other reasons here as well that you can look into uh if you are curious on Zcash.
00:13:01.679 --> 00:13:09.279
Somebody was also asking, oh, Athena, we uh I believe we do have that mentioned in the very end for token unlocks.
00:13:09.440 --> 00:13:11.120
So stay tuned for that.
00:13:11.279 --> 00:13:14.240
And then one last question I'll address here.
00:13:14.320 --> 00:13:15.519
Who's this user's name?
00:13:15.600 --> 00:13:24.639
Uh Pizu, again, apologies if I'm saying your name wrong, asking about this mnemonic plague fear uh and if it's going to impact the markets.
00:13:24.879 --> 00:13:27.120
Uh, I've been following this a little bit.
00:13:27.279 --> 00:13:31.759
I think we're way too early for this to be any sort of market-moving thing.
00:13:31.840 --> 00:13:36.000
I mean, right now we're not even confirmed that it's more than one person infected.
00:13:36.240 --> 00:13:52.799
That said, in the event, not saying this will do it, but in the event that we were to ever have another pandemic, I think you can look at COVID as a uh potential indicator of what might happen with crypto, where you probably would see a massive price collapse.
00:13:52.960 --> 00:14:02.639
Uh, and then when there's a recovery followed by a massive price increase, and it you could see a potential generational dip buying opportunity like we had during COVID.
00:14:02.879 --> 00:14:04.799
Obviously, is it worth a pandemic coming?
00:14:04.960 --> 00:14:05.600
Absolutely not.
00:14:05.679 --> 00:14:11.279
But if that were ever to happen, that would be my prediction as to what would happen there.
00:14:11.440 --> 00:14:15.440
Yeah, yeah, we we uh we do have a lot of news to start getting into.
00:14:15.519 --> 00:14:22.559
I don't know if you have anything else you wanted to uh add or say, Gab, uh, before I jump into this kind of Bitcoin analysis.
00:14:22.879 --> 00:14:28.080
Yeah, I do real quickly, I just saw some people asking about like take on Zcash or whatever, and this and that.
00:14:28.159 --> 00:14:39.600
And I just wanted to, if you can go to the home screen, actually, Jonathan, I just wanted to mention to people something for everyone out there that is looking not to day trade, uh, that are looking for a longer trade, right?
00:14:39.759 --> 00:14:42.480
Swing trade, position trade, and that kind of thing.
00:14:42.639 --> 00:14:54.159
Um, there is one thing that I've been doing for a long time, and it has worked at sometimes and has not worked at some, but I definitely can share with you guys because it's only a mindset.
00:14:54.320 --> 00:14:59.679
Um, when you look at the ranking here, you guys can see on the CoinMarketCap homepage, for example, we have the top 10, right?
00:14:59.759 --> 00:15:05.840
And as you can see, the nine and the ninth and the tenth position right now are occupied by the hyperliquid and Zcash.
00:15:06.000 --> 00:15:23.519
Um, me and Alice, I do remember when we were discussing this with you guys here, and we mentioned about hey, tokens that are outside of the top 10 that have the potential to actually be part of that, and we mentioned exactly those two tokens as tokens that could have potential to get there at some point, and it's been months.
00:15:23.679 --> 00:15:30.399
Um, since that point, both of them have, I think, more than doubled in price, and I mean it worked out perfectly.
00:15:30.559 --> 00:15:52.000
We could be wrong though, and one key thing that I think people need to have in mind is like look at those, for example, top 10, top 20, top 50, and start wondering like who is outside looking in and who is inside and potentially looking out as well, because that will give you a better understanding of the market in a much bigger time window, right?
00:15:52.159 --> 00:16:08.000
What I mean by that is if you look at the top 100 right now, and if you keep scrolling down and scrolling down, which are the tokens there that you feel like have all that it takes to actually come up a couple positions and become a top 50, a top 20, a top 30, a top 10 token?
00:16:08.159 --> 00:16:09.279
Like, are there any?
00:16:09.519 --> 00:16:10.720
Do you see that potential?
00:16:10.879 --> 00:16:18.799
Yes, no, and also do you see tokens that are potentially sitting at very high positions that man, they just don't seem right to be there?
00:16:19.039 --> 00:16:26.879
Potentially, there is something to it, potentially, like in the short term, you may be wrong because as we were saying, in the last seven days, Zcash down 14.
00:16:27.360 --> 00:16:35.279
And if you scroll down a little bit, you see tokens such as like pump.fun up 27, Ave up 26, you know.
00:16:35.360 --> 00:16:37.840
Uh, I think ICP up 17.
00:16:38.320 --> 00:16:42.240
But are those tokens placed in the exactly place that they should be?
00:16:42.399 --> 00:16:45.919
Look at their market cap and think: can they double on market cap?
00:16:46.320 --> 00:16:49.759
Can like it simply goes 2x, 3x, 5x from here?
00:16:49.840 --> 00:16:50.399
Yes, no.
00:16:50.480 --> 00:16:51.360
What is the case there?
00:16:51.440 --> 00:16:52.480
What is the narrative?
00:16:52.799 --> 00:17:04.799
This will give you a much more clear picture on the broader crypto market and will help you to understand which tokens are potentially going to stand out and which ones you should potentially get on your bags.
00:17:04.960 --> 00:17:15.519
This is just um a very uh, I would say reasonable and rational take to the market, but believe me, this work most often than not.
00:17:15.680 --> 00:17:20.880
That's just something that I wanted to share with the audience because I believe it's important for everyone to have that perspective.
00:17:21.039 --> 00:17:28.240
Regardless, Jonathan, I do know one thing that BTC, as I said before, touch it close to 87 again.
00:17:28.480 --> 00:17:31.119
Fed hike is now almost off the table.
00:17:31.279 --> 00:17:33.119
I mean, how does that affect BTC?
00:17:33.200 --> 00:17:39.839
I do know you have some major news to share with us, so please go ahead and cover them because I mean that there is a lot for us to unpack today.
00:17:40.160 --> 00:17:59.200
Yes, it was a really interesting end of the week yesterday, yesterday, and end of the week last week, sorry, uh on Friday, where if you look at the chart here, we made it past 87k, uh, and then we completely dropped ending the day basically flat.
00:17:59.359 --> 00:17:59.680
Right.
00:17:59.839 --> 00:18:05.039
So uh one of our writers actually did a I don't have the link in front of me.
00:18:05.119 --> 00:18:10.319
I'll pull it up later, but one of our writers did a a pretty good analysis on what happened.
00:18:10.400 --> 00:18:11.359
So shout out to him.
00:18:11.519 --> 00:18:13.839
I'll I'll share the link in the chat once I find it.
00:18:13.920 --> 00:18:38.960
But so a lot of what I'm gonna talk about is taken from that article, but I wanted to kind of just quickly go over a couple of the big pressures and drivers that Bitcoin has been facing, particularly in the past few days, and why we kind of saw this price seesaw, because I think it helps explain, you know, what is helping to drive Bitcoin price and what we need to keep an eye on in the future.
00:18:39.039 --> 00:18:42.960
So this is not that not the TA that Gab is going to be going into, uh, which is also important.
00:18:43.039 --> 00:18:46.960
This is more the kind of bigger and broader macroeconomic situation.
00:18:47.119 --> 00:18:52.400
So uh Friday, the US had a jobs report released that came in weaker than expected.
00:18:52.480 --> 00:18:58.640
So US employers added just 29,000 jobs in September against forecasts near 84,000.
00:18:58.799 --> 00:19:03.920
Unemployment rose 4.2%, and the prior two months were actually reversed down.
00:19:04.160 --> 00:19:13.759
Wage growth slowed too, and Bitcoin, which was already climbing before the release, as you can see in the chart, it pushed toward 87k and actually broke 87k.
00:19:14.079 --> 00:19:21.359
Uh, and the the basic reasoning is that weeks weak jobs data takes pressure off of the Fed to keep rates rising.
00:19:21.519 --> 00:19:27.680
So this sent the 10-year Treasury yield down about seven basis points to 5.17%.
00:19:28.240 --> 00:19:38.640
If you've been following macroeconomic news, you have probably noticed that the US Treasury yields have been skyrocketing up to multi-decade highs.
00:19:38.799 --> 00:19:45.759
So these lower when yields are lower, it makes Bitcoin more appealing, since holding it costs you less in foregone interest.
00:19:45.920 --> 00:19:55.599
So if interest rates are higher, if interest payouts are higher on treasuries, then investors are more incentivized to hold those because Bitcoin doesn't pay you interest, right?
00:19:55.839 --> 00:19:56.799
Uh makes sense.
00:19:57.119 --> 00:20:01.519
So gold also rose, the dollar fell, and NASDAQ futures gained 1.2%.
00:20:01.920 --> 00:20:12.480
However, by midday, yields had reversed and finished the day higher than they started, with the 10-year up nearly five basis points to 5.28%.
00:20:13.200 --> 00:20:17.279
And as a result, Bitcoin slid back down, as you can see in the chart.
00:20:17.519 --> 00:20:24.240
However, this data has not killed the chance of an October rate hike.
00:20:24.720 --> 00:20:28.000
Traders put the odds of a hold at roughly 77%.
00:20:29.200 --> 00:20:36.640
And bets on at least one Hake by December actually rose to 87% higher than before the report.
00:20:36.799 --> 00:20:47.119
So uh certainly traders think there is a significantly lower chance, or I should say greater chance that the that rates hold instead of being hiked.
00:20:47.359 --> 00:20:56.720
And there actually was a pretty dramatic reversal on poly market, as Gad mentioned at the beginning, from something like 20% to like 60 to 70 to 80 percent.
00:20:56.880 --> 00:20:58.960
Um, I have to pull up the actual numbers.
00:20:59.119 --> 00:21:08.960
And yeah, and the same pattern also repeated over the weekend, Bitcoin climbed to just under 86 or just under 87,000, and then faded back below 86,000.
00:21:09.119 --> 00:21:11.359
The second rally in a week to stall at that level.
00:21:11.519 --> 00:21:16.240
Perhaps there's a key level there as well to keep in mind in terms of looking at the charts.
00:21:16.400 --> 00:21:19.440
And today yields have been taking up again.
00:21:19.519 --> 00:21:21.440
They're now at 5.296%.
00:21:22.480 --> 00:21:35.039
So, kind of the the analysis that people are taking out of this is that Bitcoin isn't actually trading the jobs number, it's trading how bonds react to the economic performance, the jobs numbers.
00:21:35.119 --> 00:21:39.519
And it's twice now that a relief rally has faded within hours.
00:21:39.680 --> 00:21:50.079
So Tesserat groups, Oliver Carding says the level to watch is the 10 year real yield, which stood at 2.88% on Thursday.
00:21:50.240 --> 00:21:58.640
If it holds above three percent, they say it dropped back to 80 to 82,000 is more likely than a run at 90,000.
00:21:58.880 --> 00:22:03.200
Now this week we have The Fed meeting minutes are on Wednesday.
00:22:03.359 --> 00:22:10.559
And we also have September inflation data, not this week, but coming up on October 14.
00:22:10.880 --> 00:22:21.519
So yeah, I mean there's a bit of a, I guess, like soup of these various macroeconomic things all happening together and feeding into each other.
00:22:21.599 --> 00:22:31.359
But it seems like recently Bitcoin has more been trading with yields in the bond market than anything else.
00:22:31.519 --> 00:22:53.359
But you know, of course, it will be very interesting to see what happens at the next uh Fed meetings and what those rate hike pausing decisions may be because we saw with the last with the last the last one, it was not it was only a couple of weeks, a few weeks prior, where people were expecting rates to be cut and we got a rate hike instead.
00:22:53.440 --> 00:23:00.720
So things can change pretty pretty quickly with all the kind of wild stuff going on in the world.
00:23:00.960 --> 00:23:05.279
So yeah, I mean let's let's keep an eye on those bonds and see what happens next.
00:23:05.359 --> 00:23:27.440
But um, yeah, I don't know how how are you feeling kind of in the I mean you mentioned the short term for you're feeling kind of neutral to neutral bullish, but how about in the long term, heading you know toward the end of the year with you know all the oil prices and all the elections, a lot of crazy stuff coming up and kind of very important stuff to keep an eye on.
00:23:27.599 --> 00:23:34.799
So just kind of more broadly, how are you how are you feeling with with all of that in mind, you know, kind of heading uh toward the end of the year here.
00:23:35.200 --> 00:23:39.839
Yeah, I think weak jobs use it to be good news for crypto, if I can tell that.
00:23:40.000 --> 00:23:49.200
Uh, I think he if you look back in history, it usually meant uh, I mean, that rate cuts were coming and the kind of thing, but this this time seems like the Fed isn't cutting.
00:23:49.359 --> 00:23:52.960
Um, it's just not, and um, yeah, I don't know.
00:23:53.119 --> 00:23:55.440
Much weaker tailwind for BTC overall.
00:23:55.680 --> 00:24:00.640
And I think I we just need more, we need more catalysts in order for this market to run.
00:24:00.720 --> 00:24:03.920
Otherwise, we're going to stay uh where we are.
00:24:04.079 --> 00:24:10.160
And that's why in the beginning of the show I said that I don't feel like we are necessarily going to 100k or whatever next week.
00:24:10.319 --> 00:24:14.000
Hopefully, I'm wrong, as I always like to say here, but I don't think so.
00:24:14.160 --> 00:24:17.759
I think that we're going to remain more or less where we are at the moment.
00:24:17.920 --> 00:24:25.680
Uh, hopefully we can move the needle at some point, but for now, it doesn't look to me that the market's going to simply bump out of nowhere.
00:24:25.920 --> 00:24:30.000
So, yeah, that's that's kind of how um honestly I feel, Jonathan.
00:24:30.079 --> 00:24:30.960
I don't know about you.
00:24:31.039 --> 00:24:35.599
Uh, I think that probably just maybe I'm wrong though.
00:24:35.680 --> 00:24:48.559
I want to say that because when I look into what um Saylor and Tom Lee and everyone else is doing, they are much better equipped to make decisions uh than I am, right?
00:24:48.880 --> 00:25:01.279
And I think they they have had some activities this week that potentially lead us to think differently, that lead us to think that yes, the market is going to pump soon because they are, I mean, they are they have been active.
00:25:01.440 --> 00:25:03.920
Um, and I know you have some stuff to cover about that as well.
00:25:04.079 --> 00:25:14.079
So, I mean, I think you can share stuff uh covering that as well, because I don't know, maybe I'm wrong, maybe I'm wrong, but I just don't feel like we are going past 100 in October.
00:25:14.160 --> 00:25:20.160
For I I think October is not necessarily going to be the October that we are used to, similar to last year.
00:25:20.240 --> 00:25:21.359
But last year it was bad.
00:25:21.440 --> 00:25:23.119
I don't think we're going bad this year.
00:25:23.359 --> 00:25:25.119
I just don't think that we're going parabolic.
00:25:25.359 --> 00:25:29.440
Yeah, I I think it kind of depends how you define parabolic as well.
00:25:29.680 --> 00:25:32.400
I mean, there certainly are a lot of people calling for.
00:25:32.640 --> 00:25:36.799
I just saw, I want to say it was Gioff or Jeff.
00:25:36.880 --> 00:25:38.400
I actually don't know how you say the name.
00:25:38.640 --> 00:25:40.079
From I don't want to mess this up.
00:25:40.240 --> 00:25:41.039
Standard Chartered.
00:25:41.119 --> 00:25:50.720
It's one of the head of research at Standard Chartered, uh was calling for I think like 120k Bitcoin by Christmas by end of the year.
00:25:51.039 --> 00:25:52.000
So I don't know.
00:25:52.160 --> 00:26:05.839
I I'm also not not really sure because I think in a vacuum that sounds totally doable because they're, you know, with the Clarity Act failure behind us, uh, there are a lot of things that could potentially be positive tailwinds.
00:26:06.079 --> 00:26:08.559
We have the kind of most negative one out of the way.
00:26:08.960 --> 00:26:24.960
But just things are changing so fast with like the economy and rate hikes and all that stuff that it's it's hard for me to think that we can even maybe even predict where Bitcoin is gonna be in two months uh this this early out.
00:26:25.119 --> 00:26:27.119
But you know, I certainly am hopeful.
00:26:27.359 --> 00:26:30.559
Again, I don't I think a crash is unlikely at this point.
00:26:30.720 --> 00:26:32.960
So I think that at the very least is positive news.
00:26:33.039 --> 00:26:37.039
But I am very curious what you guys in the chat, what you guys in the chat think.
00:26:37.200 --> 00:26:52.640
If uh you think that we're you know just gonna float around 80 to 90, never break 90 until the end of the year, before the end of the year, if you think we're gonna pass 100k, I think once we get past 100k, there's gonna be a lot of psychological input that goes into continuing the rally.
00:26:52.799 --> 00:26:55.119
I think that'll be a real barrier that we've broken.
00:26:55.279 --> 00:26:57.920
Um, but until we get to there, uh yeah, I don't know.
00:26:58.079 --> 00:27:00.559
I don't know where we're gonna be by the end of the year, to be quite quite frank.
00:27:00.720 --> 00:27:04.720
And uh very curious what those of you in the chat have to say.
00:27:05.039 --> 00:27:14.480
And just before you go into beat mine, like Tom Lee and MicroStrategy Sailor or whatever, I just want to echo something that Kenzo mentioned here in the live chat.
00:27:14.640 --> 00:27:16.799
This generation coins are doing well.
00:27:16.960 --> 00:27:19.599
No, this new generation coins are doing well.
00:27:19.759 --> 00:27:21.920
Some old coins are floppy.
00:27:22.160 --> 00:27:29.279
This is a trend of every single time, every single market, every single bull market in crypto, every cycle, because people like new stuff.
00:27:29.519 --> 00:27:30.559
People like new tokens.
00:27:30.720 --> 00:27:32.319
New tokens are what drive markets.
00:27:32.480 --> 00:27:36.960
You see with the meme coin frenzy, you see with the DeFi summer, you see it with NFTs.
00:27:37.119 --> 00:27:45.039
Whenever there is a new class of assets that come on chain, you also saw that with RWAs when you saw the oil and stuff being traded on um hyperliquid.
00:27:45.119 --> 00:27:52.000
Whenever there is a new thing that you can invest on, people are excited by that, and that's why airdrops, new tokens always get so much attention.
00:27:52.079 --> 00:28:01.200
This is an attention-driven market, new stuff is always more interesting than old stuff, and that's why you should be paying attention and doing exactly what I told you in the beginning of the life.
00:28:01.359 --> 00:28:07.119
Look at the rankings, look at the potential, look at the history, and then you probably will make good decisions.
00:28:07.279 --> 00:28:16.160
But keep in mind one thing you will see tokens such as Zcash that are not new, but they have a new narrative, they have a new thing, they have like a new structure.
00:28:16.319 --> 00:28:24.720
There is something going on around that token that is new, therefore, it kind of like reinvents itself, and there is some upside to it.
00:28:24.880 --> 00:28:26.319
So, yeah, that's it, Jonathan.
00:28:26.480 --> 00:28:27.440
Back to you, Cover.
00:28:27.759 --> 00:28:35.359
Give us more like insights on BitMind and MicroStrategy because, as I said, I'm not as bullish, but it seems like those guys are.
00:28:35.440 --> 00:28:37.359
They just they just want to keep buying.
00:28:37.440 --> 00:28:38.960
I don't know what they're looking for.
00:28:39.200 --> 00:28:44.799
Yeah, uh, so I'll I'll try to go through this uh fairly quickly.
00:28:45.039 --> 00:29:10.640
So we do have obviously a couple of notable buys, nothing crazy this week, but we do have Strategy, who announced they bought 334 Bitcoin between October 1st and 4th for 28.7 million at an average cost of eight eighty-five thousand eight hundred and thirty-eight dollars per coin, bringing their holdings to eight hundred and forty-eight thousand Bitcoin even.
00:29:10.960 --> 00:29:17.519
Now, this is the second time they've made a small purchase to get them up to a round even number.
00:29:17.759 --> 00:29:25.839
So Alice and I were joking a couple weeks ago that maybe Michael Saylor has OCD and just really appreciates having those perfectly round numbers.
00:29:26.000 --> 00:29:30.960
So I would not be shocked if they stop at 850,000 Bitcoin next.
00:29:31.200 --> 00:29:38.799
So, yeah, they purchased this with uh 15.7 million in stock sales and 13 million in cash.
00:29:38.960 --> 00:29:53.039
Now, a couple of interesting things that came out of this announcement as well is that they actually saw finally a Q3 gain of 20.93 billion on their digital asset holdings.
00:29:53.200 --> 00:29:59.039
Obviously, that is coming up, coming from the big run-up in Bitcoin's price over the past several weeks.
00:29:59.200 --> 00:30:05.599
Now, however, because of this, uh they actually owe taxes now on their on their Bitcoin.
00:30:05.839 --> 00:30:18.960
So they uh they had a$4.12 billion deferred tax asset reversed, cutting the quarters deferred tax expense from$6 billion to$1.88 billion.
00:30:19.039 --> 00:30:22.799
So once you're in a gain, you gotta start considering the tax implications there.
00:30:23.279 --> 00:30:31.279
Bitmine bought 15, Tom Lee's Bitmine bought 15,112 Ethereum over the past week.
00:30:31.440 --> 00:30:44.640
Their total holdings are now six million, sixteen thousand four hundred and fourteen ether, worth roughly sixteen point four billion and four point nine percent of the entire Ethereum supply.
00:30:44.799 --> 00:30:57.039
So they say they are now ninety nine percent of the way to what they call the alchemy of five percent, having bought Ethereum every week since June 2025.
00:30:57.440 --> 00:31:10.559
Now, Meta MetaPlanet doesn't always get as much coverage here on the show, but they did something interesting that they revealed for the third quarter, which is they added 1,000 Bitcoin to the reserves.
00:31:10.720 --> 00:31:13.440
This is a uh Japanese Bitcoin treasury firm.
00:31:13.519 --> 00:31:24.160
So they have 44,000 Bitcoin now, but they did it in a kind of an odd way, which is in Q3, they sold 10,000 Bitcoin and then separately repurchased 11,000 Bitcoin.
00:31:24.480 --> 00:31:28.319
They buying bought it back higher because Bitcoin rose in between that time.
00:31:28.480 --> 00:31:41.359
But they say that sale was deliberate, that they wanted to prove to credit rating agencies that they can actually uh convert Bitcoin to cash, selling more than enough to cover all of its outstanding debt before buying back in.
00:31:41.839 --> 00:31:52.480
So it's it's pursuing a credit rating, and the loss may produce a 2079, sorry, 97 million deferred tax assets to offset the price gap.
00:31:52.799 --> 00:31:55.839
They let me skip this part.
00:31:56.000 --> 00:32:12.559
They uh also introduced a new strategy uh raising capital through deferred stock, and they're gonna going to be investing 10 to 15 percent of their assets in income-producing securities, mostly preferred shares of other Bitcoin treasury companies.
00:32:12.720 --> 00:32:14.799
So they will be diversifying a bit.
00:32:14.960 --> 00:32:31.920
But I thought the interesting thing there was selling 10,000, intentionally rebuying 11,000 to prove their their credit worthiness to credit rate rating, uh credit rating agencies as they are pursuing a credit rating.
00:32:32.480 --> 00:32:41.440
So yeah, the the bitmine part, 4.9%, uh sorry, nine-nine percent of the way to their goal.
00:32:41.680 --> 00:32:43.279
I also thought was kind of interesting.
00:32:43.440 --> 00:32:48.960
So they're almost at their goal of having 5% of the total Ethereum supply.
00:32:49.039 --> 00:32:52.559
And of course, the question is what comes next after that?
00:32:52.799 --> 00:33:00.000
Where Tom Lee has basically said that they uh may have a new goal coming soon, a new, a new hint.
00:33:00.079 --> 00:33:08.079
Sorry, he hinted at that they may be upping their goal and buying uh even more, even more later.
00:33:08.240 --> 00:33:13.920
So yeah, just uh just wanted to to cover those topics real quick there.
00:33:14.480 --> 00:33:29.680
And yeah, I I always say that when I want, when I'm feeling bearish, I always just look at what Michael Saylor says about about uh Bitcoin and what Tom Lee says about Ethereum, and then I'm kind of right back on the uh the bullish train.
00:33:29.839 --> 00:33:31.200
There's a funny meme I see.
00:33:31.359 --> 00:33:49.920
Every time we post about Tom Lee, you know, kind of hyping up Ethereum on uh X, the CoinMarketCap account, somebody always posts them as a meme of like a person dragging uh an airplane or like a little one of those little uh I forget what they're called, little cart things that people drive dragging an airplane.
00:33:50.160 --> 00:33:59.279
And uh airplane being Ethereum price and the little cart of the person being Tom Lee, kind of like single-handedly propping up Ethereum.
00:33:59.359 --> 00:34:12.800
But he does have a new uh shareholder, uh, sorry, uh chairman statement coming out this week, where he's gonna be talking about his thoughts on Bitmine, the bull market, and where we stand that'll be coming out this week.
00:34:12.880 --> 00:34:16.559
And I can only assume that it's going to be mega bullish.
00:34:16.719 --> 00:34:29.519
So I don't know, Gab, I don't know if that uh hearing those things, you were saying just a second ago that that um you kind of sometimes maybe look to what the big names in crypto are doing, the big treasury companies.
00:34:29.679 --> 00:34:44.480
I don't know if that has reassured you at all to be, you know, kind of take your your negative attitude toward Bitcoin price, if I'm gonna tease you a bit, and to uh make you a little bit more more bullish, or if it's just had no impact on you.
00:34:44.719 --> 00:34:46.400
No, yeah, believe me, I'm bullish.
00:34:46.480 --> 00:34:51.840
I'm just uh let's say I'm a controlled bullish mode at this point in time.
00:34:52.000 --> 00:34:55.360
So I'm not as bullish as other people, but I'm not pessimistic at all.
00:34:55.440 --> 00:35:01.360
I don't think, for example, I saw people here in the live chat asking, like, do you think BTC price is going to sink below 80k?
00:35:01.599 --> 00:35:02.480
I don't think so.
00:35:02.639 --> 00:35:04.719
I think if we do, it's going to take a while.
00:35:04.800 --> 00:35:07.199
And if that happens, it's not going to be by much.
00:35:07.280 --> 00:35:11.599
It's probably 78, 77 that we're going to test and hopefully bounce back.
00:35:11.679 --> 00:35:15.840
Uh, so I think that we are at a point right now where we're just like going to stick around for a while.
00:35:15.920 --> 00:35:23.360
As I said, 78, 77 seems to me like uh one clear line, but we'll see more of that going to the TA section.
00:35:23.519 --> 00:35:38.880
Before we go there, just something that I want to mention uh regarding Sailor, for example, he his buyback, I think of 12% emission, like um, is not necessarily buried for Bit C, it's actually just him kind of like showing us that his paper is actually cheaper than B2C right now.
00:35:38.960 --> 00:35:40.719
That's the that's kind of the only thing.
00:35:40.880 --> 00:35:51.679
And on the beat mine sign, I think it's just good to see that crazy trade, which I call it because it is, at least being the first one to do something is always a little bit crazy.
00:35:51.760 --> 00:35:57.519
And he, but like Tom Lee doing this with ETH is I mean, he gotta have balls to do this.
00:35:57.599 --> 00:35:59.679
Uh it's good to see that being stress tested.
00:35:59.760 --> 00:36:01.920
So I'm I'm just happy to see that happening.
00:36:02.000 --> 00:36:07.039
I'm cool, like, but yeah, they're they got their stuff on the line, not me.
00:36:07.199 --> 00:36:15.360
I'm have my stuff on the line, but I only need to uh let's say make accountability of that to myself, not to others, not investors, not anyone.
00:36:15.440 --> 00:36:16.880
So yeah, I'm I'm cool for that.
00:36:17.039 --> 00:36:20.800
Do you have anything in store for us before we jump into some minor news?
00:36:21.119 --> 00:36:24.079
Yeah, uh, first of all, to the person asking, is this real?
00:36:24.239 --> 00:36:27.199
Uh yes, we are not AI.
00:36:27.360 --> 00:36:33.199
I can guarantee you that we are very real, hence why we stumble over our words and why I say a lot of ums.
00:36:33.360 --> 00:36:36.719
Although that is what an AI would say, to be fair.
00:36:36.960 --> 00:36:44.719
An AI, a well-trained AI would be trained, I assume, to say, this is like a whole aside, but this is like this.
00:36:44.800 --> 00:36:57.519
I sometimes I you hear these like customer service bots, and now they're getting trained to sound like people in the sense that they're stumbling over the words, they're going um, they're doing like pauses.
00:36:58.000 --> 00:37:05.039
It's just a matter of time, I feel like, before they're going to be trained to like just be mean and snappy.
00:37:05.199 --> 00:37:11.039
Because at least in the US, customer service is like just has a bad reputation for being just rude.
00:37:11.199 --> 00:37:15.280
So it's only a matter of time before we get rude AI, trained to sound like rude humans.
00:37:15.440 --> 00:37:17.920
Anyways, not to jump down that whole rabbit hole.
00:37:18.000 --> 00:37:21.119
I will share one other quick piece of news myself.
00:37:21.280 --> 00:37:22.239
I think it is important.
00:37:22.400 --> 00:37:29.039
I won't get too deep into it because I do want to leave time for the other small news pieces and plenty of time for the TA.
00:37:29.119 --> 00:37:36.880
Uh, but I do think it is important just to mention that the owner of the New York Stock Exchange, Intercontinental Exchange, this part isn't new.
00:37:36.960 --> 00:37:39.840
They have a 50-50 joint venture with OKX.
00:37:40.000 --> 00:37:51.920
But what is new is that they have filed with the SEC just today under the innovation exemption that the SEC created for tokenized stocks a couple of weeks ago.
00:37:52.000 --> 00:38:09.760
They have filed today and they plan to list tokenized versions of 63 New York Stock Exchange listed companies trading around the clock against USDC, USDG, or USDT on automated marker uh market maker pools.
00:38:09.920 --> 00:38:19.440
Now, you may have also heard about this joint venture because one of the co-chairs is former New York governor uh or former New York governor Andrew Cuomo.
00:38:19.920 --> 00:38:31.119
So this would be, assuming it is accepted and passed, that their application is approved, I should say, would be the first major exchange, big exchange, to actually use this exemption.
00:38:31.280 --> 00:38:35.440
And it also contextually lands right after Robin Hood's U.S.
00:38:35.599 --> 00:38:39.760
PERPS launch and bases 26 new tokenized stocks.
00:38:39.920 --> 00:38:47.199
So there's clearly this tokenization, you know, if you're following crypto at all, you know there's a massive push toward tokenization.
00:38:47.679 --> 00:38:54.320
And this clearly plays right into it with now Wall Street uh getting getting directly involved.
00:38:54.480 --> 00:39:10.400
So, you know, on the topic of bullish, bullish momentum, I don't know that this will necessarily push prices high itself or like directly result in Bitcoin's price going higher, for example, especially if it's tokenized stocks and it's being traded against USDC and USDT.
00:39:10.559 --> 00:39:21.599
But I do think this sort of announcement contributes, this sort of uh changes contribute toward the general bullish energy that crypto is here to stay and it's not going anywhere.
00:39:21.679 --> 00:39:24.239
So, yeah, just wanted to mention that quick piece of news.
00:39:24.320 --> 00:39:28.800
And then Gab, I know you have a few uh minor news you wanted to get into as well.
00:39:29.199 --> 00:39:33.679
100%, but actually, two minor news I went to just like over quickly.
00:39:33.840 --> 00:39:43.920
One is for everyone listening, if you are involved somehow, if you have like tokens or whatever on Blast, you need to know that it's shutting down.
00:39:44.159 --> 00:39:45.039
Yes, it is.
00:39:45.199 --> 00:39:49.039
Um, if you have anything on it, you need to withdraw by October 26th.
00:39:49.119 --> 00:39:52.960
So you have a little bit more than 20 days, two weeks basically to withdraw everything.
00:39:53.039 --> 00:39:55.920
As you guys know, blast uh the ETH layer two.
00:39:56.239 --> 00:40:05.360
Um, founder of Blur, if you guys remember that correctly, they announced that they are winding down because running the chain costs more than it earns.
00:40:05.599 --> 00:40:14.320
If you guys remember correctly, it launched around early 2024, and uh, which over two billion locked and a lot of airdrop hype.
00:40:14.400 --> 00:40:15.920
I do remember the airdrop hype.
00:40:16.000 --> 00:40:18.559
A lot was discussed in between the CMC team.
00:40:18.639 --> 00:40:20.800
A lot of people were like, hey, I'm excited about it, etc.
00:40:21.039 --> 00:40:23.119
How you think it's going to I mean unfold?
00:40:23.199 --> 00:40:26.480
And yeah, seems like two years later, no good.
00:40:26.639 --> 00:40:36.480
Uh, regardless, today it holds about 65 million, and the blast token is down roughly 98% from its peak.
00:40:36.559 --> 00:40:45.360
Guys, we're talking about something that was, I mean, hype it as much as I can remember, and right now, basically, nothing left there.
00:40:45.519 --> 00:40:52.320
Um, as I said before, October 26th is the date for you to bridge back to Ethereum all the assets that you may have there.
00:40:52.480 --> 00:40:55.519
And there is a major lesson here for everyone out there.
00:40:55.760 --> 00:41:08.719
Layer two is a business, and most layer twos, and I'm not taking shots to anyone here, okay, but most of them don't have a business, so yeah, you need to be careful uh on the things that you do on chain.
00:41:08.800 --> 00:41:14.480
Regardless, I don't think anyone lost funds on this because there was no hack, there was no exploit, none of like this.
00:41:14.559 --> 00:41:19.119
But definitely being 98% down from speak, yeah, I don't necessarily love that.
00:41:19.280 --> 00:41:23.440
That's one the second one that I have to share is regarding Zach XBT.
00:41:23.599 --> 00:41:25.119
Guys, this is a major thing.
00:41:25.360 --> 00:41:36.800
Zach XBT actually went undercover inside the Lazarus laundering ring, and it was one of the biggest trends on crypto this weekend.
00:41:36.960 --> 00:41:57.199
Like the, I mean, you guys probably know on-chain investigator X uh Z says Zach, he spent around 3.5 million of his own USSC, so he probably has a ton, I mean, a wish, okay, uh, posing as a client of a Chinese organized crime crime network that launders for the Lazarus group, the North Korean Lazarus Group.
00:41:57.360 --> 00:42:03.199
And the people behind the they those for the for everyone wondering, like, who is this Lazarus group?
00:42:03.280 --> 00:42:04.320
Like, what is it talking about?
00:42:04.400 --> 00:42:08.400
Those are the people behind the 1.5 Bybit hack, for example.
00:42:08.559 --> 00:42:10.000
We know they were behind it.
00:42:10.159 --> 00:42:23.039
So basically, while inside, Zach mapped it out, uh mapped a 12 million cluster of Bybit funds, got tethered to freeze about 442,000 USDT.
00:42:23.280 --> 00:42:34.719
So, I mean half a million thousand, half a million USDT, and handed the trail which runs through the sanctioned Hawaiian marketplace.
00:42:34.880 --> 00:42:38.480
So, just for you to know, um, to law enforcement, etc.
00:42:38.800 --> 00:42:42.159
So he kind of like did the dirty work on himself.
00:42:42.400 --> 00:42:43.360
Very interesting.
00:42:43.519 --> 00:42:49.119
Like, I think this is this doesn't just take balls, this takes a little bit of nonsense as well.
00:42:49.199 --> 00:42:57.039
I think he has some uh neurons or whatever, less than all of us, so he's not afraid of doing things, I would be for sure.
00:42:57.280 --> 00:43:11.360
Um, that said, he ate roughly a 5% loss on every transaction he did in order to do it, and it's the same week he's trying his tracing tied to the 387 million bit get hack.
00:43:11.440 --> 00:43:14.159
As you guys know, this was a major topic of discussion here.
00:43:14.320 --> 00:43:23.840
Um, I mean, just you think about it, you put the Bybit hack, the BitGet hack, and you also probably remember the CAP Calp Dow exploit that we also covered here on SimC Live.
00:43:24.000 --> 00:43:27.760
I mean, I don't know why Zach XBC was doing this, but kudos for him.
00:43:27.920 --> 00:43:29.440
Uh, why it matters, guys?
00:43:29.519 --> 00:43:30.880
I think that's the important question.
00:43:31.119 --> 00:43:34.880
This is the biggest security story in crypto right now.
00:43:35.039 --> 00:43:39.840
Um, and it's not about hacks or whatever, it's just him infiltrating a group.
00:43:40.159 --> 00:43:41.760
Interesting as it can be.
00:43:41.920 --> 00:43:43.360
Uh, bullish on him for sure.
00:43:43.440 --> 00:43:45.199
I think that's the take of the community.
00:43:45.360 --> 00:43:49.039
Um, they are also bearish on exchanges and other other stuff.
00:43:49.280 --> 00:43:53.360
And people are just like, hey, give this man a grant because he's doing God's work right here.
00:43:53.440 --> 00:43:55.199
And I want to know what the community thinks about it.
00:43:55.280 --> 00:43:59.840
If you guys that are listening, would you have guts to do it, or would you be very afraid of losing your phone?
00:44:00.320 --> 00:44:03.920
Next, because if they can hack exchange, what prevents them from hacking you?
00:44:04.000 --> 00:44:04.880
I don't know, Jonathan.
00:44:04.960 --> 00:44:05.679
Would you be afraid?
00:44:06.000 --> 00:44:06.639
Yes.
00:44:09.760 --> 00:44:13.119
I don't know that the life of Zach XPT is for me.
00:44:13.440 --> 00:44:16.639
Obviously, you know, he's doing great work.
00:44:16.880 --> 00:44:18.960
I will support him from a distance.
00:44:19.119 --> 00:44:29.679
I have to imagine his like operational security has to be like incredibly strong to be doing what he's doing and not fear some sort of reprisal.
00:44:29.840 --> 00:44:48.400
I'm not even talking physical, but to your point, like what if if he's exposing like state-backed hackers that have allegedly stolen more than one billion dollars in total, I can only assume that pissing those people off may make them more inclined to, you know, try to try to go after him.
00:44:48.639 --> 00:44:49.679
But I don't know.
00:44:49.760 --> 00:44:51.199
Yeah, I I do love the show Mr.
00:44:51.360 --> 00:44:57.039
Robot, so I do have a certain place in my heart for cybersecurity professionals.
00:44:57.280 --> 00:45:07.199
I will say that, including amateur, uh, I like to call them amateur, um, people, those who are not associated with big firms, independent, that's the word, including independent ones.
00:45:07.440 --> 00:45:12.400
But yeah, I I don't think I'm gonna be doing this level of investigatory work.
00:45:12.639 --> 00:45:15.280
Um I'll I will leave that to the uh to the pros.
00:45:15.679 --> 00:45:16.079
Never.
00:45:16.320 --> 00:45:17.440
Never for anything.
00:45:17.599 --> 00:45:22.079
I'm not putting uh my you know what on the line for this type of thing.
00:45:22.239 --> 00:45:24.639
You know, that's the thing that people need to know.
00:45:24.880 --> 00:45:27.760
That said, there is something interesting I would like to share with people.
00:45:27.920 --> 00:45:29.679
This is the technical analysis section.
00:45:29.840 --> 00:45:31.519
Am I allowed to do that, Jonathan?
00:45:31.599 --> 00:45:32.239
Are you okay with that?
00:45:32.320 --> 00:45:34.400
Are you excited for the TA section today?
00:45:34.719 --> 00:45:39.760
I am looking forward to the TA section and uh yeah, breaking down some charts.
00:45:39.840 --> 00:45:43.679
I'm not sure what you have planned, so I'll I'll be going into this fresh as well.
00:45:43.760 --> 00:45:47.360
So I am excited to figure out and learn what there is to learn today.
00:45:47.599 --> 00:45:49.039
So let's go through it.
00:45:50.480 --> 00:45:51.760
Let's go through it then.
00:45:51.840 --> 00:46:06.719
I'll just as usual, I'll make the chart big here and I'll go over everything that is in the post so you guys know that's those are community takes that I try to pick up four of them that make a lot of sense to tell you guys a history of what may happen with Bitcoin in the near future.
00:46:06.880 --> 00:46:19.039
So, for everyone to know, this is a crypto OGs post here in CMC community, and he zooms out to the weekly chart, try to make his um the simplest bookcase on all the charts that I'm going to share with you guys today.
00:46:19.119 --> 00:46:25.360
So, Bitcoin closed the week at 86.5k, highest weekly close since January.
00:46:25.519 --> 00:46:32.719
And in doing so, it broke the above trend line that connects every lower high since the 2025 top.
00:46:32.960 --> 00:46:42.239
Weekly RSI broke its own downtrend, MACD flipped bullish, and the rule is quite simple, according to him here.
00:46:42.480 --> 00:46:48.320
As long as price stays above the 50-week moving average, the trend is up.
00:46:48.480 --> 00:46:52.239
We covered this 50-week moving average last week as well.
00:46:52.400 --> 00:46:54.159
This is one of the key indicators.
00:46:54.239 --> 00:47:02.480
I've mentioned to you guys that as long as we let your lize the moving average moves, it doesn't need the price to go up or down, it's going to move regardless.
00:47:02.639 --> 00:47:06.960
So, just something really important, a really important indicator for you to follow.
00:47:07.039 --> 00:47:08.719
I mean, as close as you can.
00:47:08.880 --> 00:47:12.239
And he also lays out two paths for BTC this week.
00:47:12.480 --> 00:47:19.840
A break above 87.4, and next target would be 95, according to him.
00:47:19.920 --> 00:47:25.920
So if you break above 87.5 or 87.4, 95 is the next target.
00:47:26.079 --> 00:47:38.239
Uh, which is uh which on his chart here is the bottom of a very big great resistance band that stretches all the way to the 100k, which is a big, big, big psychological level, as we always mention.
00:47:38.559 --> 00:47:43.840
Um, where the 50k a 50-week average rolled over last year as well.
00:47:44.000 --> 00:47:45.119
This is important to know.
00:47:45.199 --> 00:47:49.760
Um, but if we lose anyone, that's the question that someone asked it here on the little on the chart.
00:47:49.920 --> 00:47:50.719
Are we going down?
00:47:50.800 --> 00:47:52.320
I mean, are we going below 80?
00:47:52.480 --> 00:47:53.920
This is the answer that you want.
00:47:54.079 --> 00:48:03.599
If we lose 81 on the weekly close, then next support will be the 50-week average itself that now sits around 77.2.
00:48:03.760 --> 00:48:08.079
That's why I said I don't believe that if we do, we're going much lower than 77.
00:48:08.239 --> 00:48:12.000
78, 77, that's where I see us going next.
00:48:12.239 --> 00:48:17.840
So next trigger above 87.4 or below 80.
00:48:18.079 --> 00:48:22.880
If we miss that, if we lose 81 specifically, according to crypto OG.
00:48:23.039 --> 00:48:26.320
So this is the first analysis that we have today, but it's not the only one.
00:48:26.400 --> 00:48:32.639
We also have Crypto Py Cash that actually shares other um important things here with us.
00:48:32.719 --> 00:48:35.519
Um, he is uh the most viewed post of the batch.
00:48:35.599 --> 00:48:41.920
So I mean, 15k people have already seen this post, and he's aiming at bears here, so he has a different take.
00:48:42.000 --> 00:48:59.599
His analysis actually point that the whole uh Bitcoin is going to make a new cycle low thesis was built on weekly downtrend, lower highs followed by lower lows, and the structure just got invalidated, so it's not valid anymore, it's out of the question, in his opinion.
00:48:59.760 --> 00:49:10.159
So Bitcoin broke above the swing high that was holding the bearish pattern together, which is the line that is market on the chart, as you can see on the screen right now.
00:49:10.559 --> 00:49:13.920
Uh, and the key point is the historical observation that he makes.
00:49:14.079 --> 00:49:25.440
He mentions that once the weekly lower high sequence breaks, Bitcoin hasn't then gone on to print fresh cycle lows, it hasn't happened in past cycles.
00:49:25.519 --> 00:49:32.000
This is an important one, and um the reactions on his post actually lean bullish two to one, let's put it like this.
00:49:32.079 --> 00:49:36.960
So, the comments how the community is actually reacting to that, which is a decent read.
00:49:37.039 --> 00:49:46.639
So it seems like most people are actually looking forward for the new cycle low not to happen, and instead we go upwards from here.
00:49:46.880 --> 00:49:58.480
That's his analysis, and the next one that I am going to share is from Wise Analyze here, which I think it rhymes, so it's always good to read a post from this account.
00:49:58.639 --> 00:50:02.559
By the way, if you own this account and you're here in the live chat, make sure to send a message here.
00:50:02.719 --> 00:50:07.199
He's a third analyst here and is a scalper working the four-hour chart, guys.
00:50:07.280 --> 00:50:10.719
So, this is for everyone that does scalping, the scalpers out there.
00:50:10.880 --> 00:50:15.360
Um, his read is that it's um it's a range until it's proven otherwise, right?
00:50:15.440 --> 00:50:20.880
Lex week candle look at bullish with one caveat, it didn't make a new high, and that's the important thing.
00:50:21.039 --> 00:50:29.360
On the four-hour chart, price is in a clean sideways box, as I've mentioned to you before, sideways going, etc.
00:50:29.679 --> 00:50:31.840
With the top at around 87.3.
00:50:32.079 --> 00:50:32.480
Guess what?
00:50:32.639 --> 00:50:38.079
Has been mentioned before by other people, and the bottom at 82 83k.
00:50:38.159 --> 00:50:47.679
So, guys, that's kind of like the ranges that everyone is looking into because people don't use only one only one hour charge, they use one hour, four hours, one day, one week.
00:50:47.760 --> 00:50:48.639
You know what I'm saying?
00:50:48.719 --> 00:50:58.320
And they just try to understand how the smaller patterns fit into the bigger patterns to understand where the price is actually going, what is noise and what is not, so you can really rely on the good things.
00:50:58.559 --> 00:51:08.239
And uh he mentions that his expectation is that Bitcoin either breaks out within the next two days or drift back to the middle and possibly to the bottom of the box.
00:51:08.320 --> 00:51:13.039
But that means between 82 and 87, so not too much movement.
00:51:13.119 --> 00:51:14.159
Let's put it like this.
00:51:14.320 --> 00:51:20.960
If we go up, he mentions about 89, 91, 93, and 98 as potential targets.
00:51:21.039 --> 00:51:30.960
Okay, and if we go below, he mentions about 83, 82, 81, 79, and the deepest one at 74, which is below the 50-week moving average.
00:51:31.119 --> 00:51:34.320
So that's one of the reasons why I don't think we're getting that down.
00:51:34.480 --> 00:51:38.400
Regardless, I do believe that we are going to see a lot of support, right?
00:51:38.559 --> 00:51:42.639
If we break 82 below, we are going to have a ton of supports for BTC.
00:51:42.719 --> 00:51:47.199
I don't think the price is going down um like single-handedly and simply dropping.
00:51:47.280 --> 00:51:50.000
I think we are going to have a lot of stops along the way.
00:51:50.079 --> 00:51:51.679
It's going to be a slower movement.
00:51:51.840 --> 00:51:53.199
Same thing as we go up.
00:51:53.280 --> 00:51:57.039
I don't think anything is going to break uh crazy down or up.
00:51:57.199 --> 00:51:57.599
Let's see.
00:51:57.679 --> 00:51:58.239
Maybe I'm wrong.
00:51:58.320 --> 00:51:58.719
I don't know.
00:51:58.800 --> 00:52:06.000
I'm not at I mean, I I don't want I don't want to say that I'm bad at things, but uh yeah, I don't want to also want to say I'm good regardless.
00:52:06.079 --> 00:52:11.039
This is what uh wise analysis is sharing here, and um yeah, that's kind of like his take.
00:52:11.119 --> 00:52:14.159
So let's wait and see if this ends up playing out.
00:52:14.239 --> 00:52:17.039
But you guys know the range to look for.
00:52:17.360 --> 00:52:23.679
Let's post from Gabi kind of like settles everything together here, um, and is uh is a warning, right?
00:52:23.760 --> 00:52:26.000
I think he uh she actually makes the read here.
00:52:26.079 --> 00:52:28.480
I think it's she, so yeah, I'm calling she.
00:52:28.880 --> 00:52:34.079
Um reads the last few days on the four-hour chart as well as a liquid sweep, not a breakout.
00:52:34.159 --> 00:52:51.760
So price ran above the recent highs, grabbed the stop losses that were sitting out there, then it got rejected at a descending trend line that is drawn here from late September high near 87.4, and then printed this bearish market structure.
00:52:51.920 --> 00:52:54.719
So, a couple things for you to understand here.
00:52:54.880 --> 00:53:05.920
Quick explainer for you a liquidity sweep is actually when price pucks above an obvious level just long enough to trigger the orders that are resting there.
00:53:06.159 --> 00:53:11.599
Then boom, it reverses, and it's the move that looks like a breakout, and it isn't.
00:53:11.679 --> 00:53:20.960
Okay, so her take here is that the push higher may have been about taking liquidity rather than starting a clean up trend.
00:53:21.039 --> 00:53:29.760
Therefore, we are only killing people that are longing the market or they're shorting the market, not necessarily going up only from here.
00:53:29.840 --> 00:53:30.960
That's the key point.
00:53:31.199 --> 00:53:38.800
She also mentions that 50-week average from the first analysis, and she mentioned about two things to keep this honest.
00:53:38.960 --> 00:53:46.480
Um, don't chase a short just because the charge looks bearish, and wait for it to reclaim the broken structure.
00:53:46.639 --> 00:53:57.039
Okay, and she also calls it a four-hour close back above 86 to 87, as this can weaken the whole bearish thesis.
00:53:57.119 --> 00:54:03.760
So if we go above 86.5 to 87, the bearish case is probably going to be done.
00:54:04.000 --> 00:54:05.920
Guys, combine it take here.
00:54:06.000 --> 00:54:06.960
You know the ranges.
00:54:07.039 --> 00:54:10.480
We are looking at 86-87 for a potential breakout.
00:54:10.639 --> 00:54:17.199
We are looking to 82 for a potential downfall for BTC between 82.7 and 81.
00:54:17.360 --> 00:54:29.199
From that point, we can yes take the 50-week moving average if we go lower, but if we go higher, there are targets that go from 90 to 95, even to 98.
00:54:29.360 --> 00:54:32.880
As I said, I firmly believe it's going to take time for us to get there.
00:54:33.039 --> 00:54:36.880
Neither of these moves are going to happen instantly, in my opinion.
00:54:37.039 --> 00:54:38.960
That's just my take, though, Jonathan.
00:54:39.039 --> 00:54:39.920
I want to hear from you.
00:54:40.079 --> 00:54:40.800
What do you think?
00:54:40.880 --> 00:54:50.400
Is this more an instant move from BTC up or down, or are we going to move slowly either if we're trending up or if the price uh nukes from here?
00:54:52.480 --> 00:54:55.440
Oh, I'm at uh yeah, I'm I'm I'm not sure.
00:54:55.599 --> 00:55:09.440
My instinct says slow grind for a little bit, but we've also seen these kind of explosive moves up that break through a resistance that maybe end up with a short squeeze, and then that becomes the new floor.
00:55:09.599 --> 00:55:22.719
So uh I don't want to put all of my eggs in the slow grind basket, but I think that any of those kind of big big jumps are gonna be big relative jumps.
00:55:22.880 --> 00:55:28.000
So I don't think we're gonna jump from 80 to 100k in a week um uh anytime soon.
00:55:28.159 --> 00:55:36.719
But maybe we'll jump, maybe we'll break past 87 and then we'll get to 88, 89, and then hit some resistance there and then bounce back down.
00:55:36.880 --> 00:55:40.639
Uh, that's the kind of more more jump that I think is a bit more likely.
00:55:40.960 --> 00:55:51.360
But I think that I think one interesting thing of this session was that all of the people that you cited were referring to the importance of 87K.
00:55:52.079 --> 00:56:01.440
And I think that kind of, you know, it's it's easy to sometimes look at TA kind of and be like, this is just kind of reading the stars or like reading the tea leaves.
00:56:01.599 --> 00:56:02.960
It doesn't really mean anything.
00:56:03.119 --> 00:56:18.239
But then you look at that actual Bitcoin chart, and you can see that like 87k is actually where we rejected uh over the weekend on Friday, where roughly where we rejected again early this morning, late last night.
00:56:18.480 --> 00:56:29.760
And so clearly, you know, there is stuff to be learned here from the charts uh beyond that is not just kind of you know woo-woo reading tea leaves.
00:56:29.840 --> 00:56:33.360
There actually is knowledge to be gained from looking at the charts.
00:56:33.519 --> 00:56:41.760
And so I think that the TA you put together in this TA section is super important for that reason, and is also very um educative.
00:56:41.920 --> 00:56:43.199
I don't know if that's the right word.
00:56:43.519 --> 00:56:49.679
Educational, very educational for someone like me, where my background is not in day trading.
00:56:49.840 --> 00:56:53.199
So I look forward to these sections where I can learn a lot.
00:56:53.360 --> 00:57:09.360
So yeah, just thank you uh for kind of putting this all together and uh reminding me that this kind of stuff is important to be looking into when you consider the uh especially short-term movements in uh in and coin prices.
00:57:10.239 --> 00:57:12.559
I agree with you 100% and Jonathan.
00:57:12.639 --> 00:57:18.719
Just because I saw some people asking here on the live chat about Nier and Ondo, I would just share some thoughts on this.
00:57:19.039 --> 00:57:23.280
Nier, um, I think that is the ETF thing that got behind it last week.
00:57:23.440 --> 00:57:30.400
So be twice fund uh fund a I think in NYSE um ETF last week.
00:57:30.559 --> 00:57:32.719
Um and I think that's something very important.
00:57:32.880 --> 00:57:41.039
Ondo also is putting tokenized Nvidia and um Tesla on Nier.com, which kind of like beans those two together, right?
00:57:41.280 --> 00:57:45.599
And it ran, I think, almost 200% on September alone, right?
00:57:45.840 --> 00:57:48.320
Levels to watch for Nier, in my opinion.
00:57:48.480 --> 00:57:55.119
I think I mean 5.58, I think on the upside, I think maybe the ceiling there.
00:57:55.280 --> 00:57:58.559
$5 seems to be the line that people are really looking into.
00:57:59.039 --> 00:58:02.480
4.74 cents seems to be the down line as well.
00:58:02.719 --> 00:58:09.280
So yeah, I I think a retest down there could be normal, not something that I would completely take out of the equation.
00:58:09.360 --> 00:58:10.320
I think may happen.
00:58:10.480 --> 00:58:25.920
And on though on the other side, um, on the other side, sorry, um, I think just when it comes to tokenized stocks, there is a new record, I think, around Ondo 1.26 billion lockhead, crazy amount of money, I think.
00:58:26.000 --> 00:58:27.679
As I said, record for them.
00:58:27.840 --> 00:58:43.039
Um, and it was um, I think that if you look at the price for Ondo specifically, levels to watch, same as Nier, I mean, probably 46 to 48 cents is the support sitting right now.
00:58:43.199 --> 00:59:00.639
I mean, I don't know, maybe looking to 62 64 per 64 cents there could be could be a thing, but that is just like two quick cents on what I feel about Nier and Ondo before Jonathan takes over to do the the token unlocks, just so I don't leave you guys without nothing.
00:59:00.880 --> 00:59:08.480
That said, it's a very short and quick analysis that I just looked into it here, and um, yeah, I think you guys should definitely use CMC AI for that.
00:59:08.639 --> 00:59:18.559
And also soon enough, use I don't know if you guys have used it already, but as I'm sharing my screen, I'll make sure to um to show CMC Agentic charts.
00:59:18.639 --> 00:59:24.000
If you guys haven't done it yet, you can analyze BTC simple as typing.
00:59:24.079 --> 00:59:33.440
Okay, I'm not signed up, so it's not gonna show here, but you simply type whatever you want to see on the chart, ask whatever, and it will get you all the details about it.
00:59:33.519 --> 00:59:37.280
And as you can see, you have a ton of tokens to play around, including Nier and Ondo.
00:59:37.519 --> 00:59:38.559
So go for it.
00:59:38.719 --> 00:59:42.239
Jonathan, back to you for the token unlock so we can wrap this up.
00:59:42.559 --> 00:59:44.639
Yeah, and you took the words out of my mouth.
00:59:44.719 --> 01:00:05.039
Uh, I was gonna say that this is a perfect opportunity to try out the new agency trading uh feature, agentic charts, and to just plug in there, you know, go to ondo, go into near, plug it in your questions, plug in your questions, ask it to identify the uh resistance and support levels, and it'll just pop it into pop it in the chart right there for you.
01:00:06.239 --> 01:00:08.239
But yeah, moving on to the token unlock.
01:00:08.320 --> 01:00:13.199
Somebody earlier at the beginning of the show, I hope you stuck around, was asking about the Athena unlock.
01:00:13.360 --> 01:00:14.239
So that is today.
01:00:14.320 --> 01:00:16.320
I believe it has actually already happened.
01:00:16.480 --> 01:00:30.320
So they Athena unlocked 1.41 billion ENA investor tokens and 93.75 million contributor tokens for a total amount of 350 million dollars.
01:00:30.480 --> 01:00:35.360
That is 14 to 15 percent of the pre-unlock supply.
01:00:36.880 --> 01:00:43.519
We have uh also coming up this week tomorrow, hyperliquid hype, uh, ticker hype, H Y P E.
01:00:44.400 --> 01:00:46.000
That is tomorrow.
01:00:46.320 --> 01:00:52.480
Uh sorry, 3.75 million hype for$347 million in value.
01:00:52.639 --> 01:00:56.559
That is 1.5% of the circulating supply.
01:00:56.880 --> 01:01:13.360
We also have rain, ticker rain, r-a-in- unlocking Friday, October 10th, 24.75 billion tokens for a value of 292 million, that is 3.5% of the circulating supply.
01:01:13.599 --> 01:01:19.119
We have ADI, ticker of the same name, unlocking October 9th.
01:01:19.519 --> 01:01:24.000
That is 7 million tokens for 56 million dollars in value.
01:01:24.400 --> 01:01:31.199
However, that is 74% of the circulating supply, so quite a large unlock there.
01:01:31.840 --> 01:01:41.440
And then we have Unix ticker UB unlocking next week, Monday, October 12th, before this show starts, so still relevant.
01:01:41.679 --> 01:01:49.039
That is 312.5 million UB tokens for a value of 43 million and in total.
01:01:49.119 --> 01:01:54.000
Uh we're representing 12.5% of the circulating supply.
01:01:54.079 --> 01:02:11.440
So again, we have Athena, ENA, Hyper Liquid, Hype Rain, R-A-I-N, ADI, ADI, Unibase, UB, all having unlocks this or in the next seven days with the Athena one uh already having occurred.
01:02:11.679 --> 01:02:25.679
So if you hold any of these tokens, just make sure that you keep this in mind when you are making your positions for the week and deciding how you want to move this week with your portfolio.
01:02:25.920 --> 01:02:28.960
So yeah, that's it.
01:02:29.280 --> 01:02:38.639
I agree with Jonathan, and thanks for sharing by the way the unlocks because I'll be honest with you, there are some stuff that there is sitting on my portfolio and that I was not aware.
01:02:38.800 --> 01:02:42.719
So, I mean, it's good for me to know about that at this point in time.
01:02:42.800 --> 01:02:46.880
But I I'll be honest with you, I don't think I'm moving anything, but it's it's good to know, anyways.
01:02:46.960 --> 01:02:48.320
It's good to be very good to know.
01:02:48.480 --> 01:02:53.360
Uh, wondering if you have any final thoughts for the audience um today before we call it a day.
01:02:53.840 --> 01:02:54.800
Final thoughts.
01:02:54.960 --> 01:03:03.039
Yeah, I mean, keep uh I guess keep an eye on the 87k level, as we learned from Gab's TA section.
01:03:03.199 --> 01:03:09.199
Keep an eye on those tokens if you have any of those in your portfolio, those tokens that are gonna be unlocked.
01:03:09.360 --> 01:03:30.960
And then as well, I'm really curious about the Fed meeting minutes on Wednesday and whether we're gonna get any insight into or any hints into what may be coming down the line in terms of future, you know, kind of Fed decisions, as well as while we were live, uh, I saw a couple of big news items roll past my feed.
01:03:31.360 --> 01:03:42.000
So uh there was a CFTC release of proposed uh official release of proposed crypto market rules for regulating U.S.
01:03:42.079 --> 01:03:42.960
crypto markets.
01:03:43.360 --> 01:03:46.559
Very curious what is gonna come of that.
01:03:46.719 --> 01:03:52.960
So that is something that uh basically after this call I'll be uh jumping right into and figuring out what that's about.
01:03:53.119 --> 01:03:57.920
So I'm curious if that's gonna be big, if it's gonna move the market and when it's going to take effect.
01:03:58.079 --> 01:04:01.039
So yeah, those are some of the things that are on my mind.
01:04:01.199 --> 01:04:03.760
Some last parting words and things to look for.
01:04:03.840 --> 01:04:05.280
Um, somebody here.
01:04:05.840 --> 01:04:07.920
All-time high is all we need.
01:04:08.320 --> 01:04:09.760
Uh, I completely agree.
01:04:09.920 --> 01:04:13.519
Looking for an all-time high and all the coins that I hold personally.
01:04:14.000 --> 01:04:15.039
Yeah, 100%.
01:04:15.440 --> 01:04:17.760
Looking forward to all-time highs, Jonathan.
01:04:18.000 --> 01:04:20.960
And I think next week wouldn't be me or you here.
01:04:21.039 --> 01:04:22.800
We have Alice and a special guest.
01:04:22.960 --> 01:04:29.519
So if you guys want to know, make sure to download the CMC app, turn on the notifications, we will notify you as soon as we go live.
01:04:29.679 --> 01:04:33.199
But for today, that's a wrap on the weekly crypto forecast.
01:04:33.280 --> 01:04:35.360
Before we leave, quick heads up for everyone.
01:04:35.519 --> 01:04:41.440
Besides all the things that we show you that CMC can do here, absolutely nothing on the show is financial advice.
01:04:41.519 --> 01:04:46.320
We always recommend you to do your own research before aping into any token.
01:04:46.559 --> 01:04:54.239
Use CMC Agentic Trading because you guys will be amazed at what the Agentic charts can actually do for you.
01:04:54.400 --> 01:04:55.440
It's absolutely insane.
01:04:55.519 --> 01:05:08.639
You just type hey, I want to know where the resistance and the supports lie for the I mean for BTC, and he will tell you, he will draw on the charts and let you know why that is the price, what are the price levels and all those details.
01:05:08.719 --> 01:05:10.079
So please use it.
01:05:10.159 --> 01:05:11.760
I mean, I think you'll be amazed.
01:05:11.920 --> 01:05:17.280
And I mean, as much as you want to do it more and more for other tokens, you also have the possibility to do that.
01:05:17.440 --> 01:05:21.280
That said, the weekly crypto forecast will be back next Monday, same time, 3 p.m.
01:05:21.440 --> 01:05:24.400
UTC, as I said, with Alice and a special guest.
01:05:24.719 --> 01:05:27.599
So shout out for Jonathan for dropping the alpha today.
01:05:27.679 --> 01:05:31.440
But I only see you from probably two weeks from now, Jonathan, right?
01:05:32.079 --> 01:05:33.280
Yeah, yeah, exactly.
01:05:33.360 --> 01:05:35.360
So looking forward to the week off tomorrow.
01:05:35.440 --> 01:05:39.840
It's a public holiday here in the US, uh, next week, as well as I believe in Brazil.
01:05:40.000 --> 01:05:40.159
Yep.
01:05:40.320 --> 01:05:41.760
And so yeah, I'll see you.
01:05:41.920 --> 01:05:43.280
See you soon after that, I guess.
01:05:43.440 --> 01:05:47.360
Yeah, hopefully when we come back, BTC is already trading at 100k.
01:05:47.599 --> 01:05:49.599
But that's all for today, CMC fam.
01:05:49.840 --> 01:05:53.599
I hope you all have a great week until the next weekly crypto forecast.
01:05:53.679 --> 01:05:56.880
Make sure to stay informated, stay safe, and keep hodling.
01:05:57.039 --> 01:05:57.840
I see you guys soon.
01:05:57.920 --> 01:05:58.960
Have a great crypto week.
01:05:59.039 --> 01:05:59.360
Bye bye.
01:05:59.519 --> 01:06:00.800
Take care, everybody.
