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Bitcoin Pumped 7% in One Day | Market Check
Recorded: Feb. 26, 2026 Duration: 1:06:33Space Recording
Full Transcription
Good morning, everybody, and welcome to today's episode of Market Check brought to you by BB.
There is no second best live YouTube stream to talk about the markets. Welcome back, guys.
Happy Thursday. We all know what that means for the markets. We are red. We'll obviously talk
about the very green day as well that we had yesterday. Bitcoin at one point up 7 to 8 percent.
ETH up over 10 to 11 percent yesterday on a single daily candle.
What does it mean for the market?
It's the bottom end.
Is it a sign of demand or is it a short squeeze within a bear trend?
We'll debate it on today's stream.
But I'm Snorlax.
You guys also know me as Tommy.
I'm joined by Tucker and, of course, Big Louie.
We're going to have a great show for you guys today. Before we can get started, before we can get started,
I'm going to ask if you guys can slam that like button for us. Jam the like button up.
It might not be 10 a.m. It might not be 10 a.m., but we're going to try to slam the like button just like Jane Street, right?
At least that's what the streets are saying.
No pun intended.
We'll talk about that, of course, as well on the show.
But I hope everybody is having a great day so far, a great week.
I mean, we're still kind of just, I think, pinned in a sense, right?
Bitcoin is it's it's drawn down a lot from the all-time highs, right? But
we're having this discussion over whether or not we are currently seeing the formation of a long-term
bottom range or whether or not we are potentially seeing this low volatility consolidation before
a real capitulation down. And a lot of that is going to have to come down to whatever stocks do.
And just for the
longest time, stocks have been pinned up here. I yearn for the day where I don't have to say that,
but right now, you know, that still remains to be the case. We have the VIX maybe threatening 20
again this week or potentially early next week. That will be something to watch. I know, I think
as a team, we're pretty split on what's going to happen here on a general
level for crypto. So obviously we'll discuss that as well. Interesting to see Hyperliquid is green
today. But yeah, I mean, obviously we had NVIDIA earnings yesterday as well. And I'd be remiss if
we didn't talk about that, of course, right? That used to be like the Super Bowl of the financial
markets every quarter instead of every year.
And they beat, by all intents and purposes, NVIDIA earnings were actually overwhelmingly positive. I think at one point in the after-hour session, NVIDIA spiked all the way up to $204,
which was right around that gap that I was kind of looking at at the start of the week.
So we did not fill it, technically technically speaking but i guess we did run that
liquidity after hours um but yeah nvidia earnings were positive but nvidia is down four percent
today what does that mean for the market like i said guys we're going to discuss it much more on
today's stream but how are we doing guys how is the audience doing as well because i guess i never
ask the audience how they're doing if you guys want to let me know in the chat uh how how we're holding up with the current market but how
are you guys doing louis and tucker what are we seeing in the markets uh did we find anything
about nvidia intriguing or really anything uh that's happened thus far this week
circle meat sticks yeah i was gonna say louis louie cut a nice one on circle we were talking
about that yesterday weren't we i mean look at that thing we talked about it on i think monday
or tuesday too yeah i was saying like this is a value right you're sitting below the ipo price
this is pretty much if you think about, this is like the future banks of
crypto in a way or future bank in general, right? They pretty much print the stable coins,
USDC ain't going anywhere. Had an earnings, has some bullish rhetoric around it, I guess
with AI, you know, using stable coins and boom, you get a mid stick, right? So, you know,
beautiful stuff, deviated IPO price,
gapping back up and seeing some continuation today. So, so great stuff,
but I think that's a good sign. I think it's a great sign. This is,
I think pullbacks are for buying on this one for sure.
Yeah, I do too.
We were looking at this before the show.
I mean, I think trying to get a fill closer to this red line would be ideal.
You know, because I think there's really not a whole lot.
I mean, there's this, but like, where's the anchored V-plop?
Hold on.
Like, at least up into here, you know?
I think this thing's probably going to go to 130 quick.
I don't think there's really anything between here
and 130 so but obviously it's very difficult to want to buy the top of a giant green candle so
yeah yeah that would be a fire like 83 yeah
yeah yeah definitely
what else man what about bitcoin
what about bitcoin
are we gonna push 75
or is it was that it
was that literally it
I just won we finally got a high sweep I think it was kind Or was that it? Was that literally it?
We finally got a high sweep.
I think it was kind of it, but if it's not it,
this is just going to form
like it's going to be more
like probably three or four weeks
of more of this.
So it's basically like, is Bitcoin
going to see its shadow or not?
Yeah, I think of this so it's basically like is bitcoin gonna see its shadow or not yeah i think that's the one i'm sorry sorry no no you're good yeah i think it just needs to hold like
66 right like you kind of want to see or maybe even like 65.5 like you want to see
or maybe even like 65, five, like you want to see like those lows you have your line at,
like you want to see this form of higher low, like, and hold the high ground. Right. Um,
if it does, I think we're going to see 72 pretty quickly, um, which is pretty much just the
structure highs, uh, that we've been putting in for the last month. Um, but it was a nice pop.
Didn't even really sweep the lows that aggressively, right? We swept like the candle bodies. Um, many people probably expecting a deeper sweep
of the low. Didn't get it. Um, do we come back and do it, you know, could be on the
table, but it would be funny that, you know, everyone waiting for that deep low sweep gets sideline left behind.
So we'll see.
But, yeah, nice bounce.
It's good to see a green candle.
PO3, you say?
Yeah, it could be.
Where is the PO3, though?
So, like, the sideways range is kind of what we did for the last two weeks.
No, no, no.
Yeah, it's your po3
i know what he's saying no i i feel like if we break yesterday's high we're gonna end up at like like even 77k um yeah i am kind of skeptical because going into the week my plan was all right the market will probably pump into a video earnings and then i thought it would like maybe
it would hang up for a little bit but i thought it would ultimately sell off on that momentum
um so i mean we've gone through NVIDIA earnings.
Equities are selling off.
But it's definitely too early to say that we're clearly getting that follow through yet.
But I do think it could be kind of, it's kind of just like,
it's not that it's a bearish catalyst, right?
Because it clearly was overwhelmingly positive.
I have a friend who is a big NVIDIA holder, or at least he was. I've been
kind of chatting with him over the last few months, and I've been fighting his bags a little bit.
But he was just like, this company beat all of its estimates by a huge amount. Why did it open
down 5%? And it's just, you know, sometimes when the good news stops being good news,
you have to take note.
But I will say, I don't think this is the first time that NVIDIA has sold off like this after earnings and then nothing happened.
So I think that probably needs to be said, too.
We still need more follow through before we can say definitively that, you know, the bear trend is getting started.
Right. We're still just pinned on equities.
Someday I won't have to say that. Hopefully next week. Yeah. Equities has been doing the same thing over and over again.
Big little, you know, nice little scary drop this morning after a pop yesterday,
but that's what we've been seeing.'s been just pretty volatile local chop you know um
you know is it compression before a big move probably right um which way that is
i guess we'll see all right i guess we'll see i feel like
you know i don't know it's trying to I don't know. It's trying to read sentiment.
What's up, Jack? It's trying to read sentiment on X is kind of difficult, right?
Because not many people are left, right? And the people that are there, you know, are pretty good, right? At what they do. So it's like, you know, a lot of the time X can become a fade, right?
Right. Like where we like the sentiment at the lows just a couple of days ago for, for crypto.
Like the sentiment at the lows just a couple of days ago for crypto.
Yeah. You know, that, that was a, a clear fade, but you know, a lot of analysts out there concerned about the equity markets and you know, I, I see why.
Right. We're seeing a slow down trend.
We're seeing a role we're seeing compression could be, you know, distribution or it could be compression for another expansive.
Like we don't really know.
Um, but I think we're going to find out
soon and that's really the canary in the coal mine for bitcoin and crypto as well um you know it would
it would make a lot of sense for bitcoin to finally show signs of life and then the stock market
crashes and it crashes again you know that would, that'd be quite typical, um, behavior
out of our asset class.
So, um, we will see, I think we're going to find out fairly soon enough.
Welcome chef.
What's up?
Are we going to full round trip jackas
i don't think so um i don't think so but uh that would be nasty if we have but i don't think so
yeah no same i'm with
i think it's probably by buy the Thursday blood situation.
Yeah, it's Thursday, right?
It is Thursday, man.
It's Thursday.
I'm going to make a video.
Dude, I woke up this morning.
I was like, fuck, it's Thursday.
It's my new least favorite day.
You know, late longers, chasers of yesterday's moves will get wrecked you know
that that's a given that that's fine but you don't want to retrace again i want to see like
65 5 66k hold and get a higher low in there that's what we need
i kind of like your idea there, Tucker. I know, I know, Jackis. It's very Jackis-like, honestly. This is a very Jackis-like idea. Sometimes I think about ideas in those terms.
What would Jackis do? Yeah, like just, you know little little fvg midpoint like that is just
too clean what up i think that's all you thought the panic here
Left crypto forever.
left crypto forever yeah
Yeah.
I think we'll see like a low to mid 70s here and at the end of the month.
And then we'll have to see what happens from there.
But I think, you know, guys, the current range that we have, right?
We are basically moving nowhere.
Like when you think about it on the February 5th,
you know, which was the peak of the sell-off.
And then obviously like the last week happened
early on February 6th.
That was, like we did the whole move
that we've been trending in for the entire day of February since
then like we did that in a single day right and so after this drop it's totally fine that we
range the way we do it's gonna get during this range you know this Monday and Tuesday like bears in full force right long as it's totally over you know I gotta
call my mom and ask her if she will let me in again and then we pump and it's you know like
BTC reached nearly 70k oh my god we are so man. It's like you're in that range.
Right now we are correcting PTSD kicks in.
Oh my god, oh my god, new lows again.
It's like nothing ever happens.
But no, but I mean, it's totally fine that we correct this way.
I think it's healthy for the price that the volatility is getting low.
That's how if a bottom is to form, which I think it is, it's a good thing for it.
And you should get used to this happening, really.
No gesture maxing involved.
What about gesture gooning?
What is that?
I don't even know.
I think this vocabulary will pass away sooner than trench warriors.
I hope not. I kind of like this this iteration.
Yeah, this isn't just crypto. This is an entire generation, Jackus.
Yeah, no, this is...
I think crypto might have been one of the last to pick it up.
You know, like this was not a crypto native like language
so is this the consensus i know jack is likes my idea but Louie, Tommy, are we going higher short term or what?
Retrace that.
I mean, if you guys can hear me, my computer's dying, so I'm going to be laggy.
What do you guys think?
Are we going to bounce into the end of the month or no?
I think so.
But we got to hold.
We got to make a higher low.
So I think it makes sense to get it.
I think a nice flash.
It's Thursday, right?
Historically worst day of the week for crypto in like the last six months.
But yeah, I think, you know, a nice little
flash dip, take out late longers,
hold 66k,
higher low, start pushing 72
into the end of the month.
What does the monthly candle look like anyways?
Are we in mission save
the monthly candle?
No, no, no.
There's no saving the monthly candle? No, no, no. The monthly... There's no saving the monthly candle.
In two days.
The monthly started before the drop.
Yeah, if you get back above 78, you can save it.
But I don't think it needs saving.
I think it's totally fine.
When you look back on the left side, the one in June, right?
Like there was no wig on it.
It looked horrendous.
And if you bought there, you were the winner.
Which one?
June of 25?
June 22.
Oh, June 22.
This one?
Yeah.
So that looked ass as well. there was no wig on it and if you
bought there you were the winner so yeah i mean five red monthlies is aggressive yeah this is uh
it's aggressive for even like normal like like Bitcoin bear market price action, you know, just the consistency of the sell off.
Like you get more, I've seen more bounces, you know, in bear markets.
Yeah, the viciousness out of the last, you know, couple of months of price action has been pretty crazy.
Yeah, I mean, five in a row.
Consistency.
Five in a row is crazy.
I mean, yeah, we've had five.
We had six back here, like I said, but that was a little different.
You didn't really move for four of those months,
and then you just dropped off a cliff,
and that's not what we've done this time at all.
It was still six bearish months.
Yeah.
One, two, three, four, five, six, yeah.
Yeah, it's like half of those.
We're probably just trading sideways at 6K.
Yeah.
This is just straight down.
Zero bounce until like literally yesterday.
Quite impressive.
Thanks, Jane Street.
Thanks, Jane Street. Thanks, Jane Street.
Jane Street?
Jane.
What do you all think about all that?
About what?
Jane Street.
I mean,
I guess it was bound to come out eventually who was behind Luna.
I guess we never really figured that out.
You know?
How about Tommy Street?
Makes sense.
Tommy Street.
Tommy Street.
Yeah, I operate a separate high frequency trading prop firm that does about 10% of total North American equity transactions.
Nobody knew though.
Jesus. everyone's wondering where max is max pivoted to nine to five
the golf lessons
yeah you guys will find out soon enough Yeah.
You guys will find out soon enough.
That's true.
Monthly charts are kind of fun to look at.
This makes it cleaner.
Yeah.
1, 2, 3, 4, 5, 6.
This is 6 red monthlies for ETH.
That's a record.
Well, maybe not.
1, 2, 3, 4, 5, 6, 7.
I think we had 7 back there. By the way, anyone who FOMO'd yesterday, well, I suppose, yeah, like, if you FOMO'd at the top,
you, I think lots of those people are selling right now.
I think lots of those people are selling right now.
Yeah.
Yeah.
If you fomoed at the top yesterday, you probably shouldn't have done that.
Disclaimer, shouldn't have done that.
Yeah, this is normal price.
This isn't like weird wonky market opens like sell off. This is like
had a pump yesterday. Like everyone fumbled in because no one was just from the lows.
Late longs get rinsed to get your higher low. Uh, and then you go right. This is,
this is good. This is healthy. I like it. Um, but I don't want to see it retraced.
You start retracing them lower or at least a deeper sweep of the lows.
i mean this is just like looking at the um in a way right it's not exactly the same but when i
look at like this range on eth um since it began this cycle like the structure looks a lot like
coinbase and the software chart right where it's kind of trading into that level of support for like the third or fourth time.
Yeah.
So this is related to what Max has been cooking up in the background, right? So, yeah, I'm actually, I'm actually, um, cultivating the largest
rug pull in history, all of the biggest names in crypto to get involved. Um, so that's for
all the recent DMS, but, uh, no, I'm obviously kidding. We're cooking something up for you guys.
It's going to be pretty exciting.
So just doing some outreach,
but you guys will find out soon enough,
but Max is cooking.
You guys got me. Max is cooking. Max is cooking.
You guys got me.
Ladies and gentlemen.
Isn't that what we said when we got Osama?
Yeah.
We got him.
We got him.
Is that what Obama said when we got Osama?
Is that what Obama said when we got Osama?
No, it was like some FBI or CIA guy or something, I think.
Have you guys seen any of the videos of the ex-CIA agent?
Doing what?
Oh, yeah.
All over my feed.
They're so funny.
Yeah, he's funny.
I've been getting such a kick out of that guy.
We are not doing this, by the way.
We are definitely not launching any sort of token,
nor likely will we ever.
As far as I know.
Prometheus has joined us
boys I thought
Jane Street stopped selling
it's Thursday didn't you hear it
it's Thursday brother
you know this
they all told me Jane Street stopped selling
I can't
I don't understand
I thought they were the only one
that manipulated the markets.
Yeah.
You forgot about it.
You don't understand, but you will find
out. You're gonna fucking
learn.
Boy.
Bro joins and starts yelling dial in dial in what do we think about this chart from atheist Well, yep. Yep.
So what it could look like is it could look like a, was it a bearish, bearish pennant on the high timeframe that you had there?
Oh, wow. Wait, how?
Oh yeah. oh yeah so the compression and
then the break to the downside coming into like 300
louie do you see the bearish pennant he's talking about i don't even know if that's right.
Trend line off the lows.
Trend line off the highs.
Break the lows.
What are we talking about?
What are we talking about?
Bottoms in.
What are we talking about?
It looks more like an ascending triangle.
The flat top at the highs.
Draw as many lines as possible quick the chart needs our support draw another line
yeah yeah let me tell you j Jane Street ain't saving this one.
No, they are not.
We need to step in again.
Yeah. I mean, they came out yesterday with a huge update, right?
Post-quantum encryption, All new jazz.
Fresh paint.
And I mean, it literally didn't even move.
Nobody cares about ETH anymore.
Oh, ETH came out with their new roadmap.
I think it's called like Straw Hat or something like that.
Straw Hat.
Who's naming these things vitalik sells his sells his ethereum somebody should just call it a bottle of bleach because that's what they're drinking over there drinking straight bleach why does this part kind of look like coinbase though
i mean i guess it makes sense that it would but yeah they're very similar looking charts yeah
yeah
just this
maybe even the nuke
coinbase ran up
it's the coinbase
software char man
it's like they all need to bottom here
or it's gonna get really nasty
yeah pretty much
it'd be pretty criminal if they do bottom it here though
just two years of of of hell and then just rip it up like that'd be criminal
where's our amazon fractal and we need to refit the amazon fractal yeah i think we were uh one drop
we were just behind one peak too early one drop yeah yeah like jack has said the least expected
it would be the least expected bottom he's right he's absolutely right
it's actually the opposite the the dev of ethereum is actually actively selling.
Literally, you can't make it up. I read that he sold like 8 million worth of this.
The dev is dumping on you.
When 100 million isn't enough.
And he will still buy his bags and like it.
Yeah, when 100 million and he will still buy his bags and like it yeah when 100 million dollars isn't enough so you need to you know sell another eight mil
he's literally just been trashing all the rest of the ethereum ecosystem and selling his tokens
at the lows like if we are at the lows what the goes on man it's like i'm gonna teach this
idiots a lesson yes if you like the chili recipe i'll hook it up i forgot about his chili recipe
but every time he tells it i'm like i never know what to think he doubts it he's a He's a fader. He always fades. The alpha you didn't know you came for.
The chili recipe.
The meat and water recipe.
You'll study it someday, Prometheus.
I know.
I didn't get a bowl last time, brother.
I need a bowl.
You know what?
I'll just pull up to your wedding with a bowl of chili.
That'll be your wedding gift for me.
You'll be like Kevin? Just spill it all over gift for me. You'll be like Kevin.
Just like spill it all over the dance floor.
Yeah, just like Kevin.
Tumbling in with a bowl of chili.
Rolling around in chili.
Who is that guy?
Who is that guy?
That's our CFO.
This is running down the aisle with a cold chili
you just say it's like that they don't know meme they don't know i have the best chili in my hand
they don't know
yeah
i need to make that again soon it's still cold here man it's too too gd cold dude it's gonna warm up uh today and tomorrow should have got to 70. i was out in i was out in shorts today
it's been 65 here this week man We should go shooting on Saturday, Prometheus.
Yeah, I'm down.
I'm down, why not?
See, Tommy, Colorado is
specifically Denver is always warmer than Kansas City.
It is.
Except for the middle of summer.
We get that humidity heat.
I believe that 100%.
It gets colder
where you guys are.
I would say.
But when it snows here, holy shit.
No, I know.
You guys get the snow, and we just get the cold, and it's terrible.
Yeah.
We get the ski mountains.
That's true we get we have uh we have one that's uh what is it called prometheus um
the fake snow creek oh yeah the ice yeah it's just a sheet of ice because it's like a hail to it's literally like 200 feet
it's it's bad yeah it's bad
jack is it warming up where you're at feeling good out there who oh jackus yeah it seems like he's gone was it cold over in eastern europe is that a thing
so you got me when i just walked to the toilet and as you know it takes me quite a bit of time now with my injury.
But yeah, it's much warmer.
But usually like, I do not know what happened to the weather, but I feel like in the past 10-15 years,
weather but i feel like in the past 10 15 years uh usually it's like super cold in u.s or like
the northern part of america and it's much warmer in europe but um it's been it's been pretty cold
over you know december january and most part of february but like the last week
again today i was out uh in my shorts basically outside basically just t-shirt and shorts
i can't wait freezing my butt off yeah you guys have had a bat on the east coast the blizzards yeah we got two
feet we're on that oh my goodness yeah it's crazy i like the most snow i've seen in a while here
yeah i couldn't imagine honestly
yeah i couldn't imagine honestly
tucker that eq of that svg producing the bonds right now did we do it did we do it let's go
let's go hang on what was i what six hours on did we nail the the local bottom
was i on the six hour i can't remember maybe i was on the four hour i mean
that's pretty damn close hold on dude bitcoin has to bounce here this is like your yeah bro
that's it right there yeah it can come a little lower but a little lower but anywhere in this area you need to hold that red zone it's a higher low
i think we get it i think we get it i don't think um like it was a good bounce yesterday
really was yeah i like how it kept momentum throughout the day didn't roll over i bet
everyone was trying to short you know i bet people are piling into shorts this morning because well that's what we've seen any bounce has been an easy short you know um i think pain is coming
to those that keep attempting to try this year um after being down 55 off the highs um
without any significant bounce thus far so yeah i think it makes sense that we get a higher
low we push we you know if we get the higher low we should push 72k fairly quickly um and then we
see what happens there eth that that would be the equivalent to what e30 did you kind of just like
tagged structure highs last yesterday um yep so yeah i mean relative strength interesting like you said coming up in
range highs a relative strength same with solana solana did the same thing as eth
came up in a range eyes actually swept it um yeah
um yeah
it's up dorito
what the is that question is it true that rail tracks are are melting no it's
I don't even mean to.
I just feel like US stole our snowy days.
I wish we had more snow than we do recently.
Seems like you guys get so much and we get nothing in return.
Greedy Americans.
Greedy.
Just taking all the snow.
B&B looks interesting.
Doesn't it?
It looks like S. Yeah, I feel like it looks like everything else.
Darito, what is interesting about the chart? Or is it like, hmm, interesting, anyway?
Zoom out, he says. bnb looks like a lot of um the more speculative equity stocks like um
leu is one of them it looks a lot like quantum actually
microsoft a little bit a little bit yeah very similar structures
microsoft
poor bill gates it is russian is Russian whores.
Yeah.
It's having a tough time.
I hear a nice bird.
I know.
Gives you that nice background vibe.
It's like
Tucker's humidifier or something.
Oh, the, uh, sounds like a bird
bath? No, it's just a
cat fountain.
Cat fountain.
Yeah, it's a cat fountain. Those are legit. fountain well cause then I don't have to fill up
their water bowl every whatever
yes sir
Prometheus you got a cat fountain
going on over there? yes I do
good man
man of culture
it's more natural for him too
stimulative
did you guys touch on nvidia
we did a little bit kind of
i mean they smashed all their destroyed
it it's tommy robot yeah there's still selling off tommy you are a robot robot brother he's ai ai
tommy i think we lost him
he's hallucinating
he's hallucinating
this is i can go either way really honestly
dude i think they beat guidance like by a football field um and are still selling off that's not the best sign to me like um
nvidia makes i think it's anywhere from six to eight billion dollars a day
take like take that into into account
that's insanity um when you say that from me this it kind of reminds me that a scene from
margin call when he's like the numbers don't make sense anymore yeah they don't man they don't
I think too Trump signed all the deals with the hyperscalers saying that they now have to build
out their own energy infrastructure for the data centers did
you guys see that too no um they can no longer hook up to the grid salt good for infrastructure
plays like um like it's going to be good for in my opinion like nuclear
quanta services which is something we've been looking at jackis um
copper i think copper it's a big big boost it was my first thought that like i think copper
could benefit from this yeah man absolutely so it'd be a lot of a lot more spending
too and so now I mean they've kind of had the you know primarily you know all their capex has just
been being able to buy chips and now they have to kind of take into account that they're going to have to
like service this energy for these data centers and so they they might have to scale back on
like chip acquisitions and stuff like that or they're going to have to start financing quite a bit of debt it's going to be one of the two
and then again it's like okay you take on more debt but like where's your roi
right and then do these hyperscalers now become like an energy play like are
you gonna be buying like a a meta as like an energy proxy could you
imagine that
no imagine that no you'd be like oh yeah i'm bullish on energy and data centers all right i'm gonna
buy meta all right i'll buy i'll buy google i'll buy amazon who is this guy oh no
i mean it's simply not true i mean we have all been rightfully crushing it um
so i mean numbers speak for themselves whenever i hear slaughterhouse I always think of certain group.
Yeah.
You know, like, you know exactly what community he's coming from.
Yeah, he's just a little fucking puppet.
Which one uses it?
And then, like, these people project their view of the world despite of the facts out there
i i actually had a pretty interesting observation of like and it wasn't, it wasn't regarding me, right? It was like someone else I know.
And then there was other guy who was totally hating on him. And he was like,
yo, Grok, tell me why this guy is stupid. You know, I'm simplifying. And then Grok was like,
no, he isn't stupid. He's actually like pretty smart and stuff like that. And, you know,
he was like, and he was like, Grok, Grok, that sounds true.
Give me the evidence.
And Grok was like, here is the evidence.
He isn't saying what you are saying he is.
It was just so funny.
But some people are like that.
I mean, everyone has their right to express their opinion right that's that's
what's free speech is obviously you can look like an idiot while doing so but it's another story
what else boys what else do we want to look at?
Pull up E, I think it's, let me see here.
Let me see the ticker. E-O-S-E.
E-O. What do they do uh they're an energy play they missed earnings yesterday by 40 percent
382 percent on the eps wow yeah look at what chart were we looking at yesterday that looked like that before the big candledown?
Because I know we were.
I know, Tommy.
I know what you're talking about.
I don't remember, though.
God, where have I seen that chart, man?
I don't.
What do you mean?
I've already shown my face.
It's literally like this.
An aloe. and alice what if i'm jeffrey epstein
boy you sure as shit don't sound like him
it's ai i changed my voice oh he's got a voice changer you know what's nuts
like like if if you went through the files you found out that he was like playing fortnite so
and then like i remember how like i was reading one of those letters and it was like
those letters and it was like something along the line of Bill Gates you know getting some disease
on the Ireland and then he was like being furious about it and then and then Epstein was like you
know it's your problem and Bill Gates banned him from Xbox.
No, I did read that. I thought that was hilarious.
It's like just Matrix, man.
When you think about what these guys do,
and they're like banning themselves from the island
and from playing
uh what does near look like
near
nearly looks nearly dead
yes you had the same stuff
i don't know man i mean there's not much downside yeah no well well there's zero brother it just was like well fitting but uh but yeah just listen it just swept the october 23 lows
i mean why not right like like we just discussed this yesterday i believe
how like uni swept the 2022 lows now you see near sweeping you know in this case 23 lows but uh but like it's the
it's the low of the time and uh lots of coins are and it would be natural to see a reaction out of
these levels the question is uh to what degree right uh which one of these have the
to what degree, right?
Which one of these have the capacity
to do anything more but a bounce?
That's the real question.
I remember having conversations with Will's Outlook
about Algo back in uh 2023 and i think he was buying historical support
and i want to say that algo went down another 50 from that but but i want to say it got a really early exit pump as well. I remember that.
When did you say?
I can't remember when he was buying, but he ate a good bit of drawdown before that pump.
He's probably like buying in here and then it drew down and then just eggs and palms.
Sounds like somebody's paying in the background that's the water thing i had to i had to say it it's constant
all right circle earnings today by the way boys oh we talked about circle
it was not yesterday oh wait yeah no no no earnings were yesterday what am i saying
i don't know i had it on my schedule that they were for today
narrow reports today
oh i haven't looked at that chart in a minute it's down bad oh my oh my my fear with Circle is that it's just replicating what Coinbase did in the last bear market.
But isn't that an opportunity?
I don't believe that would be an opportunity at current prices, but yes, I do agree in theory.
At what price do you think Circle's at in relation to the Coinbase chart?
Like $200. Okay. At what price do you think circles that in relation to the Coinbase chart? Like 200.
I don't know, man.
Like when I look at that volume that it had with the break back in the range,
like that to me is...
It's higher than the IPO.
Good story. Yeah.
It's a huge story.
Yeah.
Yeah, that's the you know people ask what is the next alt season?
Stablecoin season
Yeah buying buying stocks of stablecoin issuers. Oh, it's funny because when I first got into crypto
Bitcoin shooters. Oh, it's funny
because when I first got into crypto,
you know, back then, man,
cash tags, if you search them on
Twitter, you actually found a lot of
alpha. If you were around
back then, you know what I mean. And I remember
searching. I was trying to learn about all of these different
coins because when you first start
to realize all coins return the way
that they do, you need to learn
all about all of them.
And I keep seeing this uh this ticker
usdt pop up i'm like what the hell is this why is everybody talking about it
yeah it was a stable coin though it was a kind of irrelevant story to what you said jackus but
it took me back a little bit tell me did you do price action analysis on usdt thank god i
didn't yeah he probably shorted over here get a buy on this chart
yeah look at that higher high higher low structure yeah
mstr do we talked about mstr way too long on the show with wabi last night
i tuned in towards i think the tail end of it i mean it was just way too long
like who cares what sailor does at this point like it's
it's like meaningless like you know what i'm saying it does matter i i disagree i think it
does matter especially the market's perception of sailor i don't know man i'm just like i don't
really care what microstrategy does i care in the sense that i know a lot of people who are just not going to buy bitcoin
knowing that michael saylor is underwater and probably going to be forced into a position
to sell if bitcoin keeps declining
yeah but their debt doesn't come due to like 2032. It's the main issue.
So he's got a lot of time.
Like he's got like essentially like a leap on Bitcoin that expires in 2032.
And it is, I would say, deeply concerning that he can't be liquidated until 2032.
Yeah, boys.
Giant bull market until 2020-30.
Yeah.
That's what it sounds like to me.
Because the Fed's going to have to start printing at some point.
Then to eat a bear market.
And the thing is, is he like just continually raised his cost basis.
Like wasn't his cost basis in the bear market?
Wasn't it like 30 or 40 K or something like that?
Yeah.
I feel like he was better than that it was low very low his first buys were in i want to like i want to say his first buys
initiated the pump that created that defy summer part you know what i'm talking about
yeah yeah
this comment reminds me of the top right corner
have you guys watched the night of the Seven Kingdoms?
Oh, of course.
I'm going to do it this weekend with...
Tom, you've got to get on it, bro.
I've seen the first episode.
Don't spoil it.
I've heard it's...
It's unbelievable.
It's very good.
The toughest part about the show, or general Game of Thrones shows is that it just takes
nowadays so much time to fucking do a new season.
Like the episodes were just 30 minutes, right?
And I actually enjoy waiting a new week
for the next episode.
I can stomach what happened,
I can read discussions,
and I always love that about
original Game of Thrones.
But then waiting
one or two years
for another show
that has six episodes
and just one episode is 30 minutes is just too little.
You know, it's just like...
I wanted to say something.
I wanted to say something, a reference to this.
You guys would say it doesn't belong on youtube so i'm not gonna say it
hope you respect it but uh but yeah it's it's just a little you know like
especially nowadays with like all the ai tools it's like
you know you should be banging you should be banging, in my opinion,
at least a season every year.
There's like 10 episodes that are one hour long, at minimum.
Did you just say we should be banging?
Every year.
Every year.
We should be banging every year every day and the world would
be much happier place probably yeah a lot of the haters in the comments just
need some more banging in their life I think but they they need to do the
banging the problem is that they are getting banged.
You are either the banger or getting banged.
Bangy.
The bangy.
That's how my dad taught me how to tackle in football.
You're either the hitter or the hitty.
That's very true, Tommy. That's's very true the life philosophy right there somebody asked me about the um about the blood moon eclipse that we have next week yeah I found
a pretty interesting tweet talking about it was like super specific i'm gonna have
to is i forgot his name it's like ben and then a super eastern european last name i don't even know
but he was talking about how like i think it's the first full moon after a solar eclipse and
whatever that i can't even remember what context it was, but it was like
usually your crash starts around the time of the full moon right after the solar eclipse,
which is going to be like March 2nd. And then it lasts for about two to four weeks.
And there are multiple other financial market crashes that have fallen apparently within this
state but i'm probably grossly misquoting that tweet as i speak
but the type of schizophrenia that i love to read man
i mean i don't remember exactly when it was but I remember last time everyone was talking about the blood moon.
We were like bearish heading into it.
And I think we actually ended up bouncing on the actual day of it.
That was last year, I think.
Yeah.
I'm going to have to quote him, but I don't want to scroll through like 100 tweets to find it.
What about the year of the horse
though so i have this really authentic um szechuan spot i go to and i was talking to the lady
about the year of the horse and she looked me dead in the eyes and she says, make sure you keep good health.
And I went, oh shit.
Okay.
And, and I grabbed my food and I, and I walked out.
My God.
Sounds like a threat.
I, I mean, she was, she's a lovely lady.
She's a, you know, a little short queen and. And, you know, she's awesome, man.
It's just, I was like, oh, I was like, okay, I will be doing that.
Speaking of health, you know what happened one year ago today?
Oh, man, was that today?
That was.
Wow.
Oh, my God. The blow-up incident. Time flies, man. Was that today? That was. Wow. Oh, my God.
The blow-up incident.
Time flies, man.
Holy shit.
Tommy flies, too.
Yeah.
Tommy flew that day.
Tommy fucking flew that day.
In the arms of an angel.
Yeah, literally.
I remember screaming out of profanity before i ended up hitting a wall of ice
i remember hearing you say that
behind me that was the one dip tommy didn't expect
dude we need to put that on a t-shirt if you're there you'd get it because there's just a
drop off that you did not see
so good yeah that was crazy damn a year ago is eat denver going on right now
yeah it is. Or it was. Oh, I have no clue.
Imagine.
Imagine the East.
Like, the way I'm imagining the East Denver, right? They are discussing everything, and then, like,
there's that guy from the audience.
It's like, yeah, but do you know that Vitalik just dumped on us
8 million worths of East?
Boom. boom dude it's got to be a ghost town there's got to be nobody there
what is that going on right now yeah geez yeah we went was it last year and the year before we went both yeah
good times
good times but i think that's that's probably a good spot for us to wrap the show up
also my computer's dying so i can't promise how much longer i'm i'm gonna be not robotic so
promise how much longer I'm going to be not robotic. So hopefully you guys enjoyed the
stream today. If you enjoyed Market Check, we do this stream throughout the week, Monday,
Wednesday, Thursday, and Friday when the New York Stock Exchange is open. Our typical start time
is around 1130 a.m. Eastern Standard Time. So we'll catch you guys again tomorrow to wrap up
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Market Talk hosted by the legendary King Wabi and of course the BecauseBitcoinX account.
Make sure to stay following and subscribe to both so you can be notified not just when we
schedule those spaces, but also when we go live. And, you know, I don't know if he's still in these
in the comments, but Dorito made a comment in discord last night about how the spaces are
starting to feel like they're starting to feel like that classic 2022 bear market vibe that we
had back in, back in the day. If you were around for that, you know how it is. If you weren't,
the spaces are absolutely wild and entertaining. So definitely make sure to tune in later this afternoon and, of course, tomorrow to finish up your week and your workday.
But thank you, guys, as always, for tuning in.
We hope you have a great rest of your day, a great rest of your week if we don't see you again.
And as always, stay safe. I'm
