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Mark Talk: FOMC! Crypto ready for a huge pump!? BTC 100k soon!?
Recorded: Dec. 10, 2025 Duration: 1:02:01Space Recording
Short Summary
In a dynamic market landscape, the IWM's breakout signals a potential shift in investor sentiment, with the Fed's rate cuts and liquidity measures further fueling optimism. As Bitcoin approaches new highs and DeFi projects like Humidify gain traction, the crypto space is poised for growth, reflecting broader trends in both traditional and digital assets.
Full Transcription
Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. I don't want to be me. I don't want to be I don't want to be me I don't want to be bigger anymore Oh Six star blue, couldn't be worse, wiped out more.
I won't be, I won't be, I won't be, man more.
I won't be, I won't be, man more.
I won't be, man more.
What a name. Oh
This is Oh I don't want to be there. I don't want to be there. I don't want to be there. I don't want to be there.
I don't want to be there.
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I don't want to be there.
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I don't want to be there. I don't want to be there. I don't want to be there. I don't want to be there. I don't want to be there. I don't want to be there. I don't want to be there. I don't want to be there. I don't want to be there. I don't want to be there. I don't want to be there. I don't want to be there. I don't want to be there. I don't want to be there. I don't want to be there. I don't want to be there. I don't want to be there. I don't want to be there. I don't want to be there. I don't want to be there. I don't want to be there. I don't want to be there. I don't want to be there. I don't want to be there. I don't want to be there. I don't want to be there. I don't want to be there. I don't want to be there. I don't want to be there. I don't want to be there. I don't want to be there. I don't want to be there. I don't want I'm going to go to the next one. Music
Music
Music
Music Music Music Music Music Music Music Music Music Music Music Music I don't want to be, I don't want to be, I don't want to be, I don't want to be, I don't Yo, what's going on, guys?
Is that me, Hagrid? that I see here on the panel?
Do my eyes deceive me?
Hagrid, is that you, brother?
Oh, it actually is, man.
I'm just doing a little mic check here.
Hopefully spaces aren't rugged.
You guys able to hear me?
Hagrid, can you hear me?
Yeah, yeah yeah i got you
okay okay yeah spaces have been uh they've been really weird for like this entire week but
guys what's going on some very very very interesting stuff happening in the market today the iwm is actually having a breakout for the first time in years an actual breakout not this
little marginal all-time high followed by a gap down and also the fed cut rates powell indicated
during his little yap sesh that um there's probably going to be a little bit a few more rate cuts
that there's probably going to be a little bit, a few more rate cuts.
And, you know, whenever the Fed raises rates or cut rates,
that does take about a couple of quarters, two to three quarters,
for that to trickle into the economy.
On the 12th, they are going to be doing some buybacks as well.
And I believe the last time that this actually happened was in October of 2022.
Yannick Yellen did those same buybacks, and NVIDIA melted up for the next, like, two and a half years or so.
And, man, is this QE?
I don't think it's exact QE.
Maybe backdoor QE, but if you're active on chain,
you'll see some things that have started to trend.
Some ceilings are being shown.
There was, if you guys are into like DeFi and all that stuff,
there was a product called Humidify,
and that skyrocketed to like 300, 400 mil in like two days,
which is honestly insane.
I missed out on that one.
And we also have BTC within a hair of making new local range highs.
Yesterday, we hit a local range high of 94.2.
And we got above that and probably see 100 bands, to be honest.
Especially when you're seeing the Iwm blasting into price discovery uh the nasdaq composite not too far off from price discovery
either and when you combine the two you start to see some stuff in crypto uh slowly but surely and
whenever you have these catch-up trades in the crypto
market they they they typically catch up within like two to three days and it
wouldn't really surprise me to see BTC have a candle of like 10% plus of the
upside and if you guys are are a part of the VFP discord it's free by the way
guys it's it's called the volume fusion
pro something that max has made all you have to do is send them to our blowfin link uh that
indicator is now flipping uh from from from uh from bearish uh to now being more optimistic we
also had max in here last week also saying that he's leading more cautiously optimistic,
and here we are, right?
The more I'm talking, the more I actually feel like my voice is changing.
I'm not sure if my voice has sounded differently over the last week,
but I certainly think that my voice is changing.
It might be all like the heavy lifting that I've been doing.
I've been pushing the weights a lot, a lot, a lot, a lot more aggressively.
I actually hit a PR yesterday on strict log press.
I did 235 for sets of 15.
And then I benched 315 for an easy set of 12.
And I benched 315 for an easy set of 12.
And I think I'm actually strong enough to actually get this thing over 20 reps and on an axle bar as well.
It's a thicker handle.
So some fun times, some exciting fun times happening in the market and out of the market as well.
market and out of the market as well. And this does come as a pleasant surprise because
usually what we've seen in the market going into the second half of December is volatility
kind of flatlines. If we look at last year around this time, BTC didn't really do much.
We hit 100K on the 4th of December, didn't really do much after that.
Same thing with 2023.
After those first initial days of December, we didn't really do much at all.
42 or 43K and then basically did nothing but go sideways until the ETF went live where we spiked
up to 48K and then we gapped down to like 38K for like 15 minutes and then we started to trend
back up. 2022, that was post FTX, so price didn't really do much for like another six weeks um so
for over the last few years there really hasn't been much that happens in crypto after the first
week of december and uh this does come as as quite a pleasant surprise really so now it's just a matter of asset selection right um a ticker that
we've been talking here on the show that the comment section hasn't really liked for whatever
reason has been farcoin and i'm just assuming that people have honestly just gotten burned
longing some of these names all the way down to the point where like they just don't really have
capital by the time the market uh bottoms out and either has a massive relief rally or starts a new
uptrend and that that that that just is uh that just is what it is but uh this humidify stuff
maybe it sparks a uh a new sentiment around fundamental projects at least
that's that's been a trend this year right with things like avantus aster um what was the other
one kta uh ray also made a new all-time high over the summertime we have things like kled and launch
coin going going pretty high on chain uh but we also had some meme coins doing
quite well right we had things like troll going to like 300 mil useless going to going to 400 mil
uh bonk also pulled off a nice move so you look at you look at what's going on on chain right now and
what's going on on chain right now and memes memes are doing okay uh that six seven coin has been
doing okay you also have things um on solana doing quite well also and it's it's really something
when like you have a new l1 like monad come out and just nothing happens on the chain. Everyone just goes back on Solana.
I think at this point, the market has decided where they're going to do business on chain whenever risk comes on.
And I think that's very evident with what we see on Farcoin.
I was on a late night space yesterday after the gym and something came into my mind where Farcoin could or rather is the Pepe of Solana.
Whereas you guys know, whenever Pepe starts to trend well to the upside, you start to have new holders, more volume comes in the pair on chain.
Then, you know, ETH on chain is going to do well.
Whenever Pepe goes on an uptrend, ETH on chain does pretty well.
And the trend over the last year since Farcoin came out, whenever Farcoin goes on these rallies,
then it's basically a risk on signal for Solana on chain. But I would honestly like to see
the Solana price go to like 180, but more specifically above that like $210 mark. That's
really the sweet spot where on chain really gets, it's been between $180, $210, $220
sold price
and something else
for the Bulls, some more hopium
for the Bulls
this might
sound a bit cliche but
today is the first
day of the
Solana Breakpoint Conference
and since 2022 it's marked is the first day of the Solana Breakpoint Conference.
And since 2022, it's marked the start of a local uptrend for Seoul.
2022 was a bit different given that FTX happened shortly after. But if you look at 2023, if you look at last year,
it's been the start of a nice trend on Seoul.
And the market needs it.
The market does actually need it.
And now that some time has passed since Bitcoin hit 80K, at least locally here, you could actually see that, one, there is a bit of a higher high, higher low structure, right?
At least over the last two and a half weeks. And also, I saw this post from Income Sharks,
and he was talking about Tuesdays, right? And usually the trend that formed since since the top when BTC hit 126 is that would usually be a red day and the trend would get stronger and stronger and stronger.
And over the last like two and a half weeks, usually what would be considered weak days, right?
Days where flows are weak, they've ended up being strong.
So just some bullish hopium.
There is more money to be made to the upside over a long period of time.
So hopefully this is a real rally, like a real rally.
And if I just look at the IWM and we look at sentiment on on shit codes, low cap tech stocks
and all that stuff, I understand if sentiment is, hey, this rally will fail like all the rest.
Right. And if you're in crypto, you might be thinking to yourself man why would anyone leave trad fi uh to come bid crypto
and you know truth be told the sentiment was like that a lot in uh in 2019 uh the second
half of 2019 things like tesla and other stocks and the indices were ripping while crypto was basically in a crab, downward spiraling market.
BTC went from $14K to $6,000 while indices were doing quite well.
But Ben Cowan has said this many times where monetary policy is a lot like 2019 right now right the end of quantitative tightening more
towards a neutral stance um but the four the whole four-year cycle bros that is that that
has been somewhat intact with uh ancient whales whatever you want to call them og whales selling btc here and there
and we're uh in a very in a very interesting situation in my opinion and um i'm just gonna
lean more towards the bullish side honestly i i i am optimistic and we'll see how that turns out, man.
I'm here with Big Hagrid, who, for whatever reason, has his bare PFP still,
and it's honestly shocking.
It's honestly shocking.
More shocking than when I actually met Hagrid. You guys might hear his voice. It's honestly shocking, more shocking than when I actually met Hagrid.
You guys might hear his voice. It's very gentle, very soothing.
But as you guys know, Hagrid is like the eighth wonder of the world.
He's this seven foot, 500 pound behemoth of a man with the face of a 12-year-old.
It's honestly impressive, man.
And the guy bench-pressed like 500 pounds for 10 reps easily.
But we're going to get some thoughts from Hagrid.
We're going to get some thoughts from Prometheus.
We're going to have a few of our classic market talk speakers later on in the show. So it should be a very interesting
discussion, guys. But the main topic of today's show is just the fact that you have the Fed
cutting rates while indices are looking the way that they do.
Specifically, low-cap tech stocks.
And the main driver, your main source of signal for that is the IWM.
And if history is any indication, if history actually does repeat itself then i guess all we can really do is look at
something like a 2023 right if you guys take a look at august of 2023 you saw the iwm starting
to creep up after you had that massive flush in the crypto market uh btc went from like 31 bands down to 24 and all just got
cooked uh if you guys were active in the market at that time there was literally nothing to do
except buy rollbit um and maybe unibot for like two weeks before they rugs um that time period from like what was it mid-august all the way till mid-october there was
literally nothing to do in the market and i mean it's been about two months since uh since 1010
literally exactly two months so perhaps we're in that little period
where we are about to have a breakout.
And yeah, man, we're going to go ahead
and get this discussion started, guys.
But before we do that, I want to welcome you all back
to Market Talk brought to you by BB.
I'm your host, Wabi.
I hope you are all having a fantastic Wednesday, middle of the week.
We're going to go ahead and yap and rant on all things crypto markets.
If you guys can go ahead and do me a solid favor, click the spaces tab below.
And right above our profile pictures, you'll see a nice link that says x.com slash i slash spaces you guys can go
ahead and show some love to the stream click the like button hit the repost button helps bring the
show more out into the algorithm and it only takes a few seconds it's free it's appreciated here at
bb you guys always do such a great job at that so we're gonna go ahead
and yap and i'll pass it over uh to big hagrid this is um a pleasant surprise man what's up bro
how are you what's up bro um i'm good i'm good uh big day huh day. Old pal coming out, doing his thing, cutting rates.
I mean.
What did you preacher curl today, man?
I have not preacher curl.
You just can't let it go, can you,
that I didn't think you could preacher curl 70s, huh?
Oh, you know, I can't preacher curl 70s.
Like, on a dumbbell, I can't do that.
No, I literally can't do that.
You can't.
I thought you could.
The dumbbells? Dude, no way can't do that. You can't. I thought you could. The dumbbells?
Dude, no way.
That's like...
That's what I'm talking about, bro.
I'm talking about with dumbbells.
Yeah, I can't do preacher curls with 70s, bro.
Dude, I literally think that...
Bro, that's what we've been talking about this whole time.
Yeah.
I knew.
I told you. Yeah, I knew. I told you.
Yeah.
I might have to actually pray while I do the preacher curl.
That's why they call it preacher curls.
I know, bro.
I know.
But go ahead, man.
Go ahead.
Yeah.
Anyways, I don't know.
I don't know. I think, you know, Powell came out, he said, good afternoon. And the Fed's going to start pretty much directly intervening. So, you know, I mean, I, I think from like a macro perspective, it's hard to be bearish, right? I, I mean, I'm going to keep the bear PFP on just because, you know, it was my original PFP.
I think, you know, Powell came out.
He said, good afternoon.
It's pretty epic.
But anyway.
Whoa, whoa, whoa, whoa, whoa, whoa.
You got to tell the truth to the people.
Your original PFP was the Ethereum logo.
What are you talking about?
Dude, before Hags got established.
The Ethereum logo?
Before the army. Yeah, it was like an ethereum
logo it was like a ethereum-esque really man i actually don't even remember that
yeah it was when big haggard only had 120 followers dude uh no but anyways yeah I I don't know I'd like to see Bitcoin flip 100k
I'd like to see price kind of match up to
what we're hearing and seeing out of Powell right out of expectations
because right now we haven't quite seen that I mean I know it's like
same day so that's a high bar to set but
you know I'd like to see I'd like to, you know, I'd like to see, I'd like to see 3,700 flipped. I'd like to see a hundred K flipped. Um, but obviously like waiting for confirmation on something like this is gonna, you know, you're probably going to miss out on a little bit if, you know, if what we think is happening is actually happening. Right. So, um, I don't know. I think, I think there's
definitely a pretty bullish setup for a Santa rally, which even while being bearish, I, uh,
I did say, I think that we would get a Santa rally. Um, you know, so I, I do think that's
going to happen, but,. But I don't know.
We'll have to kind of reevaluate from there because we're going to kind of,
we're obviously going to have like a reset at the end of the year going into 2026 and books will be cleared and, you know,
hedge funds will have a fresh, a fresh slate.
So, you know,
people wanting to lock in gains going into the end of the year are going to do
so, but I don't see why we can't have a little Santa rally, you know, that's, that's
about as far out as I want to look honestly.
Right.
Like a couple of weeks, like, I don't think, I don't think going out in your thesis more
than a couple of weeks is going to pay out.
Right.
Like, cause where I was at, like i was going off the four-year cycle you
know what i mean like that's i'm almost like ashamed to say that like but i was using that
as like a guideline right to some degree and now you know technically if you're gonna go off that
we should be in a bear market so i'm just i'm to play it by ear. I don't think we're going to have a year-long bear market, though.
I think you're going to have shorter, I don't want to say cycles,
but shorter little ups and downs.
But from here going into the next 10, 20 days,
I think we can definitely see a nice little rally.
So we'll see what that means for on-chain.
I want to see majors actually do it first.
But, you know,
altcoins are not buying the bid yet.
They're just not.
We'll need to see Bitcoin and ETH lead the charge.
That's where I'm at, bro.
Speaking about on-chain wouldn't it be like so ironic for everything that was running during
this time like a vc if it was just like topped it does look topped you have a double top on the daily
gm bank owners dude yeah no i know because it was i mean it's just funny because
it was like going so counter trend you know what i mean like it was going up while everything
and now everything's going up and it's nuking so yeah i mean dude it went up it literally went up 1,900% in four weeks while the entire market was being cratered and taken for a ride.
You said GM bank owners.
That's hilarious.
Yeah, I mean, that's their little thing, right?
Oh, I'm aware.
Yeah. little thing right oh i'm aware yeah um geez man but there are some beaten up charts where like if the i would say this right um with the indices you usually need like a 10 to 15 percent gap up from previous high for crypto to really get going and so if you get the IWM to like
280, 290 you'll probably see some of these beaten up charts actually catch a bid man.
You look at some stuff even like a plasma dude this thing is has basically been down only, and it repeated the same exact pattern that Sui did in 2023.
Do you think that thing's actually going to be worth a bid, or do you think it's going to be an NGL situation?
don't even know man because it's like it's like it was like that that whole
um stable coin chain right and that other thing stbl stable um that went up only that went up like
12x and then it went down only but i mean if everything is going to catch a bid at some point right
and this thing is um is backed by like paulo from tether like tether's actually invested in plasma
um it will have a bid at some point it's just a matter of like
where right because even stuff like celestia for example um probably catches a bid at some point
even though it's literally as we speak like making lower lows like dude it hit 50 cents
uh a few days ago a few days dude i know i remember looking at it a couple days ago i was
like i i honestly never thought it would go below where it, like, whatever,
IPO, whatever, like, it began at, you know what I mean?
Like, which was, like, what, like $1, $1.50 or something like that?
Yeah.
And the thing is, like, these projects, I think people forget.
And the thing is, like, these projects, I think people forget.
I really think people forget that these teams, they have money.
Like, they have war chests.
So if they're not going to, and they also fired a bunch of people.
Like, Celestial literally fired, like, 90% of their staff.
And that's exactly what Injective did when ftx blew up before injective
went up like 50x um in like a year like injective literally went from like a dollar to 50 bucks in a
year if you guys remember that um and i think their war chest is like i think their war chest
is like 400 500 mil or something like that, which is honestly like insane.
That's actually crazy.
But no one actually uses Celestia.
I think they literally only make like 100 bucks a day from their block space thing.
But again, right, like when you see these like Will's Outlook charts, right, like just
absolutely beaten down, it will catch a bit at some point and will probably get crimed
It's just like by the time you start seeing these charts getting crimed up, these VC coins,
the rally is probably coming at an end, to be honest.
Like if you look at Sui, for example example when sui started popping off um that marked like
the end of the trend it happened in q4 uh of 23 q4 of last year as well um history does repeat
itself but it often rhymes so even pump right like when pump got launched it got absolutely
cratered.
And when it started having its outperformance, the market topped shortly after.
That's the thing with like these low flow, high FDV coins.
When they get beaten up and they finally catch a bid, it's kind of over.
And yeah, history doesn't repeat itself.
Is Monad in that category for you?
Or Monad or whatever?
How do you say it, Wavi?
How do you say it?
Dude, I really don't even know, dude.
I think I just said Monad.
Yeah.
Yeah.
I mean, dude, it's so disheartening what happens on chain there.
Like, everything there topped out at, like, 2 mil, bro.
It's, like, the most pitiful sight ever.
You have a chain.
You raise literally almost a billion dollars.
And on your first day of launch, you don't even have a chain, you raise literally almost a billion dollars and on your first day of launch,
you don't even have a 20 mil runner. And for those that live on chain and all that stuff,
you literally only need like 3 million, 4 million in capital directly shoved into the buy side of the chart to send something to like 15 mil um it doesn't actually
take 15 million dollars to send something to 15 mil market cap um but uh yeah they had something
called chong which was it's like premier ip you know like every chain has its like little mascot right
so Solana has bonk ETH has shib and Pepe and with this thing like their whole I
think they call them mon animals you know the Danimals yogurt you remember that
Tucker of course you had like 20 of those a day.
You had like 20 of those every hour as a kid, man.
They were huge.
But anyways, man, their like biggest animal,
like their most iconic one was this thing called Chong, right?
And it was like this NFT thing, right?
And so when the guy launched the contract, he basically did the same thing that the Solana is snipe all the supply within like the first
minute of launch um with size so like it it marked up to like eight mil immediately and then tops out
at 15 and then some of the team like the monad, like started shooting it at like 9, 10 mil during the downtrend.
And everything just got cratered.
Like everything just got cratered.
And it's like, damn, bro.
I think a lot of these L1s, I think they actually need, they actually like need traders to be within their organization because traders make the market, right? Like if you want
your chain to be great, you need winners. You need people to have a reason to bridge over,
right? Um, it's not to attract new retail money. It's you want to attract um an individual or a group of into or a group of individuals why
am i stuttering man or a group of individuals that have like 10 to 15 mil in usdt capital or usdc or
whatever to to to bridge onto your chain right and you get that through having price action that you see on some tickers
on soul like oh you saw six seven coin it hit like 40 mil in two days let's bridge on over to soul
right you need that stuff instead of like instead of just like hiring people to create content slop
threads on x and i think that's why like people just don't really care about bidding these like
big name ticker projects anymore because they've just lost the plot like 99 of the big ticker
products that have come out this cycle outside of hyperliquid have been nothing but like Waterloo,
Cambridge University tech slop.
That's all it's been, dude.
That's all it's been.
And I don't really see that trend changing.
So I think like the L1 of choice is just going to be Solana on-chain
and maybe Hype EVM sometime next year.
Cause like, I just don't believe that.
I just don't buy the fact that like Jeff and his boys are going to make all this money from hyper liquid and not like crime up some tickers on hype EVM.
And we saw a hype on chain being lit in december uh we saw um
i forgot that ticker man uh we saw vapor the ai ticker going to like 200 mil
uh what was that ticker on hype it was was their meme coin, dude. What is it? What is it?
It's the one that Tommy likes.
Yeah, yeah.
We saw Purr doing well.
There was another one too, man.
I think it was called Pit.
It went to like 100 mil.
And that was all within the first month of TGE.
So those are my thoughts on Monad and just like things on chain.
So if by any chance anyone that works for an L1,
like a layer one or whatever,
some protocol that's going to come out
and you want to attract customers,
you actively need to use some of the funds that you raise
to inject into your ecosystem, man.
You actually have to use your product.
That's the thing.
I think there's a lot of people in crypto that, like,
they build these protocols, but they don't actually like
use it right um and they're not really usable at all their ui just sucks man um but uh is there
anything else that you want to say um tucker i know you were discussing like the fed is about
to intervene what do you mean by that man and? And that's actually pretty cool, by the way, right?
Good afternoon, we're about to intervene and pump your bags.
That's what they said.
No, I just mean they're going to start doing treasury buybacks
in like three or four days or whatever on the 12th.
So, I mean, that's pretty direct intervention, if you ask me.
But no, I mean, that's pretty direct intervention, if you ask me. But no, I mean, that was pretty much it.
I mean, I just think patients will pay long exposure expressed through majors is probably the move until you see Bitcoin back near 100.
But yeah, I mean, we can hear from old prometheus a little bear metheus if
you will
what's up bro yo what's going on how are you doing brother pretty good pretty good
pretty good pretty good nice lovely man i'm i'm lovely all right now give me your most
your most bullish take ever like i'm i'm talking like like like dave dave hunter style melt up
dude just like be as bullish as possible dude be. Be so bullish that you yourself aren't even bullish enough.
Be as bullish as you can and say, that's not even bullish.
Not even possible.
Yeah, yeah.
It has to just be, give me your most bullish take and then just say, but I still think
I'm not even as bullish
as I possibly can be so interestingly enough a lot of people don't know but BB had David Hunter on
market check I believe back in 23 and if you remember back then he said on market check he said
that the S&P was going to hit 7,000 by, I believe, the end of 24.
Now, he was off by about 12 months.
But regardless, still a pretty fascinating take.
Yeah, I think the intervention is, I mean, it's pretty big for liquidity conditions.
I mean, as we all know, liquidity is pretty sparse, you know, especially in crypto right now.
But just the, you know, the Fed buybacks is pretty significant.
Now, what I want to watch out for, more importantly, is if the Fed starts to buy back the long end, like if we start to buy the long end similar to what we did, you know, it's coming out of COVID.
It's I think that's like a no brainer.
You got to get back into the market right now from a price action perspective.
If you look at how price is kind of behaving similar to what we had back in 21, where you just have this nasty like liquidation market maker hunt on both sides of the trade before we've ultimately formed a shoulder and
then headed lower. It looks pretty similar. Not the best price action. We, again, rejected off
of range highs, but you did tell me to have a bullish take. And if I were to have a bullish
take, it would be that the IWM is pressing into new all-time highs and equities look fucking
fantastic for the most part. I mean, Netflix, majority of mega cap, you look at Tesla, Tesla
looks pretty good, even though I did have a short on it that I closed out earlier this week. Tesla
looks fantastic. And, you know, just equity land in general, kind of across the board is just,
you know, you can't, you can't go wrong there. You cannot go wrong.
I love and continue to love a lot of these AI infrastructure plays. You had a name called,
I think, PLAB as of today, up 40%. They're a part of the, was it Algopoly or whatever,
in the chip manufacturing process sides of things. And really the chip side of things,
I think are just going to continue to flourish for multiple years to come.
I don't know, man. I see what's kind of going on in the markets and, got up on stage and he's like, Oh, the, you know, unemployment
seems to be fine and then jobs and all this. And I think it's just one of those things where,
you know, don't worry, there's a fire in the corner of the room. Just don't look at it kind
of thing going on. Um, but, uh, you know, it really does take a true collapse in the underlying
system to actually have a full blownblown bear market. And a
lot of people don't really understand that. They think that, oh, just because things are weak means
that the markets are going to roll over and we're going to have a significant bear market. No,
bear markets stem from significant collapses due to the underlying structure and foundation
within the economy. Just because things look
weak doesn't mean that's necessarily going to happen. But yeah, man, I mean, I'm just kind of
like, okay, we're pressing up in a range highs for Bitcoin here. Like, what are we going to do?
What is the market going to decide? Like, is this actually meaningful or not? And I think price is
going to be, as you say, the ultimate arbiter of truth. All coins, like Tucker said, continue to
look weak and are just not seemingly buying the narrative or the story right now. You look at structures on XRP versus Bitcoin
and ETH in particular. It's a pretty weak looking story thus far, at least in regards to altcoins.
But I mean, altcoins always look weak until they kind of don't, you know?
So we'll see what happens,
man.
We'll see what happens.
My most bullish take is that equities continue to Chad and crypto somehow catches up in some,
some way.
Yeah.
I mean,
that's like my most bullish take on the markets right now is like,
bullish take on the markets right now is like it's simply that
it's simply that.
the the monthly on the iwm looks insane man if that was an all coin chart people would be like
talking about it all over x that that really looks uh impressive insanely impressive man
looks uh impressive insanely impressive man have you guys take a look at the monthly on that thing
it looks like uh it actually looks like um btc breaking out of uh 70 000 back during um like
the post-election day yeah the iwm looks incredible it's just like it's crazy man it's equity indices
look unbelievable and i mean uh crypto looks horrendous
you know it's kind of been like this one-sided trade really for the majority of you know i mean
really since um really since the summer you know it's been a one-sided trade i mean crypto
had kind of this nasty you know fake break, fake breakout at the highs and just immediately
reversed it. And then 1010 happened. And, you know, the rest is history. And crypto has just
been a laggard ever since. Who knows if really what we've seen over the past, you know, 30 to
45 days has been repercussions of what happened. And who knows if we'll ever actually find out
what happened. That's a whole other thing. I mean, it's pretty apparent what actually happened,
but whether or not that becomes public information is another question.
But yeah, man, I'd love to see some breadth enter back into this market.
Tucker, have you drawn out
The 1618 on the IWM
Of course Wabi of course
So where's the 1618
2618 and 3618
And don't put it in long
No no no
I know the 1618 is at like
3 something
Like 310 or something like that.
So that'd probably be a decent little spot.
All right, so that's like a 40% rally from here?
Yeah, pretty much.
Something like that, a 40% rally?
Man, that would be insane.
A 40% rally on the IWM.
That would be at least an all-time high break on Bitcoin, I think, at the very least.
Isn't the 1618 on BTC at one 35, one 38 or something like that,
sucker.
Like the real one six one eight from way back in the day.
There's one.
Yeah.
Well, there was one at like one 10, which we obviously hit already, but I think on the
log it was like one 35 basically.
Yeah.
Yeah.
I think that was, uh, one of Matt's targets as well.
So maybe we hit it, man.
Maybe we hit it.
Yeah, we did have Dave Hunter on the show.
That was in May of 2023.
Good times.
But I think he's had that melt-up thesis for a while now.
I actually think that what Michael Guy had said two years ago is actually happening now,
where a true bull market, like the true bull market that's not just led by a few names in the MAG-7,
starts with low- cap stocks leading and i've i've never seen any any anything in these charts indicating that like the iwm actually
breaking out to this degree while the fed is cutting rates is anything to be weary of.
And, like, in crypto, if you haven't been positioned to the long side,
you haven't really missed much, right?
But in an environment like this, this is where, like,
I think you just have to stop being bearhold, man, to be honest.
Like, you have everything
in front of you to to actually start looking at things to be positioned in in my opinion it's
just a matter of waiting for the market uh to show you and on chain is starting to heat up a little
bit and uh you know what we'll we'll we'll see what happens man um i think it's gonna pay to be
uh optimistic i really do tucker what are the things that you're looking at to scoop bro
like if you see btc gap up to like 98 bands what are you getting man well i'd want to see it like
over 100 actually solidly i think 98 is like the last place you could maybe spec a short.
But regardless, I mean, I would play upside from here until there first, you know.
I would try to play some perps on majors before.
But I don't know.
I mean, there's so much new shit
that's come out.
Like, obviously, like,
I'd like to get hype on a dip.
Obviously, it's on a dip right now.
But hype,
probably some monads,
some monad, whatever you want to call it.
Maybe some soul.
I don't know.
I don't have any like crazy picks.
I mean,
if we get like,
I mean,
I would probably spec some like a VG,
you know,
I'd,
I'd have to at this point I was sidelined.
So I'd,
I'd probably have to,
if it comes back into like three,
something bucks.
Do you want to be a bank?
Don't we all?
GM. Yeah. something bucks you want to be a bank don't we all gm yeah what about you a bank owner what if it what if it's lehman dude it depends on what kind depends on what kind of
bank but uh i mean their product is sick man um they're actually a startup
like they they they actually have like a correlation with their token obviously it got a
little bit overextended because dude it went up 1700x from their uh from their initial price when they launched on MetaDAO.
So there is some correction that still needs to happen,
but their product is sick.
It's usable.
Yeah, they have a credit feature as well.
It's like credit on-chain,
which the total addressable market on that is like infinite.
There was a protocol that like tried to do something like that.
If you guys remember last cycle, there was a ticker called Nexo.
I think that was their thing, right?
Yeah, Nexo.
And wow, the chart actually still looks okay wow
and uh their all-time high was like four bill in may of uh in may of 2021
so that is probably like the first ceiling for something like that.
Then you have something like an Aave.
I think the reason why Aave just hasn't really melted up in price discovery is because the ticker price is literally just too high.
It is literally just too high in my opinion. And Crypto Bros, they love their unit bias tokens.
And also, like, there's just not enough money to pump all these tickers by a big degree.
I actually think that, like, some of these newer tokens would be catching more of a bid but i know things like avi and chain link where
are one of those tickers that like they people view them as like a google or amazon post uh
post.com right it's like this post.com thing um we also have luna making fresh local highs for whatever reason i think it's because like do kwan's
sentencing hearing is uh tomorrow or on the 12th i know it's towards like the tail end of the week
and both luna 2 and lunk have just been melting up um i don't know what that means for the market, but I don't have any thoughts on who's bidding this thing or whatever.
Maybe it's like exchanges.
I don't think it's actual people.
I think it's just bots and algorithms.
Oh, Tucker, yeah, we do have to go on a call here momentarily.
So, Rometheus, is there anything else that you want to say, man?
I totally forgot about the call, man. I'm sorry. But, Rometheus, is there anything else that you want to say man i totally forgot about the call
man i'm sorry but for me is there anything else that you want to say about the no that's all i got
okay all right um tucker did you want to keep talking or like should we hop on this call man
it's it's it's it's your choice but i completely forgot that i scheduled this thing at
this time yeah no i gotta i gotta run and get on that for sure so okay okay all right guys we're
gonna go ahead and can it here apologies um we'll be back tomorrow uh again market talk now starts
at 3 30 p.m est rather than 4 30 p.m. I'm sure there's going to be much more to talk about for tomorrow's show and on Friday's show.
Usually, there's a saying that I say here a lot on market talk that I've said over the last two-plus years,
which is usually a week or two after FOMC, we do see a big move.
We see a trend being established.
History
doesn't repeat itself, but it often rhymes.
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