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Market Talk- Altcoins ready to PUMP!? 180k BTC soon!? Rate cuts!?
Recorded: Sept. 5, 2025 Duration: 0:49:49Space Recording
Full Transcription
Thank you. Thank you. Thank you. Thank you. Thank you. you
hey guys what's going on? I'm actually doing a campground right now.
Hopefully, nothing is good enough, but I hope you guys are going to hear me.
John has been using my co-host, and I'm going to be a co-host. well guys the setup is here a sole treasury company got announced today listed on the i think your mic is
during the next session
man this is not good all right give me a sec hold on it's really bad am i good now? Oh I I I know the deal
All right, Donnie. Am I am I good now, man? Yeah, it sounds better now. Oh my goodness. Okay. Okay. All right. Okay. Okay
Well, excuse me guys. I'm sorry for the horrible for the horrible
Introduction there. I think what happened was I had my beats headphones connected
But I didn't actually have them on my
head but uh yeah just tell me man if like the reception is bad but i was basically just giving
my usual yap right the setup is insane the playbook is unfolding and a sole treasury company is about to be listed on the nasdaq things on chain on seoul are heating up
we spoke about cards on the show that thing is up like 70 plus percent 80 plus percent
from yesterday's show absolutely insane thread guys during the stream featuring that sector within the market but guys all eyes on solana and we have
pump the native token from pump fun hitting yet another fresh local high outperforming the majors
exactly as predicted on the show we covered hype from $8 all the way to $50. We covered
Pengu from the lows, and now it's time for Pump to shine. And it was a pretty bold statement of
me to say this last week, but I truly don't think that we're ever going to see an on-chain frenzy
at all in this market until you start seeing the risk on barometer for that and
main benefactor of it, which is the pump token. It has a valuation of minus 90% compared to
Hyperliquid's valuation. I think they make half the revenue that Hyperliquid makes.
And over the last few days, Pump Fund has actually overtaken Hyperliquid. So over the last few days pump fund has actually overtaken hyperliquid so there's
at the very least a three to four hundred percent arbitrage for for pump to catch up to hype just on
a fundamental basis guys and let's not forget pump fund will be doing an airdrop later this year
which is dubiously speculated to potentially be um spot soul and if it's going to be spot soul you are
going to see such a massive liquidity injection into soul on chain that has not been seen since
early 2024 when that first airdrop uh from jupiter occurred which was honestly insane guys but um you do have equities kind of choppy
but yeah the iwm has made new year-to-date highs i'm not even sure how that's even possible
to be honest i i quite frankly couldn't even tell you what stock is attributing to that because one
um hood has been getting its butt kicked
um i don't even think hood is a low cap stock anymore but point is red uh on the day and
i do think things like docusign have been have been pumping i also know that uh there are some
like retail store chains that are low cap stocks that have
been doing quite well um yeah i just couldn't i just couldn't tell you outside outside of um
just basic crypto stocks and some retail chain stores that have been doing well
um shocking enough texas road analysis has been an absolute titan year to date in the stock market.
That's another low cap stock, but they're not necessarily in tech.
But guys, I want to welcome you back on the show.
Welcome back to Market Talk brought to you by BB, brought to you by BecauseBitcoin.
I'm your host, Wabi.
Welcome to the weekly wrap up.
For today's show, guys, this is going to be a shorter show probably
30 to 45 minutes um as i said i am in the middle of a campground and i am still waiting for the uh
van to pop up to get my cargo to get my gear i'm going to be here for the next couple of days now
to get my cargo, to get my gear. I'm going to be here for the next couple of days now.
And it's going to be quite the experience. It's a church retreat. So hopefully the Lord moves in a
big way while I'm here, guys. And with that being said, if any of you guys want to come on up and
talk markets, feel free to do so. Again, it's not really going to be your standard show where we're
usually up here for about an hour and a half,
two hours. And even so, I don't really think there's going to be anything broadly to speak about until we have the FOMC coming to pass, which is in about 10 days, like I said. But
we do have some key macro data that came about today. We have some employment reports that came in weak
and the Fed right now, as you guys have kept up with, Powell does not care about inflation as
much anymore. He's paying attention to the labor market. So labor showing weakness is a rate cut bonanza. And it just seems like the Federal Reserve's new inflation rate is
2.5 to 3.5%. And as you guys have taken notice over the last few weeks since the big, beautiful
bill has been passed, that is an inflationary regime tailored for the growth of risk assets like U.S. equities, like broader risk on barometers like
your crypto, your crypto market and stuff like that. We're seeing sole ETFs and potentially
even a Doge ETF. And I've got my speculation on that. I think they should delay that as much as
possible, as I do think that will be one of the biggest top signals that crypto has ever had a spot mean point
ETF and let me tell you I think a lot of people will honestly fall for it believe me but
I'll tell you that guys we're gonna go ahead and get started if you guys can go ahead and show some love
For the space best way to do that is by clicking the spaces tab
Once you guys do that guys once you guys do that is by clicking the spaces tab once you guys do that guys once you guys do that
please please please hit up that like button hit up that repost hit up that retweet button whatever
it is you want to call it as it does a number of things it helps get the show onto the algorithm
helps bring more people in and as i said we do have some key macro, not macro, my goodness. We do have some macro events happening over the next week.
We have CPI next week.
We have PPI as well.
Pretty sure we do have PPI next week as well as CPI.
We also have non-NFP numbers as well next week.
And I think we have some earnings as well coming in.
And, you know, I think it's going to set the tone for the rest of the year. And I'm still of the opinion, guys, that we're going to see a huge blow off going into the second half of Q4.
And I think it's going to take a lot of people out for a ride.
Maybe some shirts will be lost
uh similar to ai when ai ran up like crazy everyone truly thought q1 was going to be um
a master class a master class on um on how to press the green button but it was anything but that
not necessarily calling for blood after q4 but definitely a ranging environment like we
saw throughout most of last year but we'll see what happens after that i i just think guys when
you have these rate cuts happening back to back i think it's it's going to set up for some media
when you have a sole etf um that's going to go live i mean you have a you have a treasury company
going live before an etf Make that make sense, guys.
They're listing the beta of beta of beta before the tangible product is out.
So anyways, Donnie, what's going on, man?
The setup keeps unfolding.
The playbook is unraveling.
Step by step, Bessent is going to lead us to six percent
to seven percent gdp and we all know what that means for markets man so welcome it's going to be
uh quite the show today even though it's going to be a short one i do think um it's going to be a
fantastic conversation man so welcome So welcome, bro.
Hey, what's up, bro?
Actually, I was wondering if we could pass it on to Prometheus just for a little bit.
I'm just preparing some charts.
I was just a bit busy.
I want to share them badly, so I don't just want to go over it blindly so the viewers can see them.
Yeah, you're okay, man.
Prometheus, what's up, bro? How are you feeling about this post-Labor Day price action over the last couple of years since 23?
Usually the week of or after Labor Day, the market starts to trend up.
Last year, we put in that higher low on September 6th on ironically the first September of uh of the first Friday excuse me the first Friday
of September of last year we put in that higher low on September 6th the year before that we put
in that low on September 10th and funny enough these higher lows within the within the market
structure after the August lows are being put in, they're put in before the FOMC
meeting. So in 2023, before that FOMC, we were going into the rate pause. And the year after
that, which was last year, we go into the rate cut. And now we potentially might be entering an
environment where it's the end of quantitative tightening and the Fed officially going from a hawkish stance to a neutral stance, man.
I mean, what what an intro by Wabi.
What a what an intro. Thanks for having me up, guys, as always.
Beautiful Friday. Thank you for showing up, spending your time here with us with Donnie wabi and i um man where do i go with all that i want to definitely start with
september you're totally right like september everybody views is like this horrible you know
horrible month the lackluster low liquidity very thin moves yada yada yada, yada. But if you zoom out from a yearly perspective,
September has ended green the last two years. We'll see how this year ends up. But it's generally
presenting beautiful buying opportunities heading into Q4. Like you had said, the Fed has shifted
its stance from 2% goal, 2% goal, 2% goal to now, what did they come
out with last time?
Variable inflation, right?
So they're okay with not necessarily having to get to that quote unquote target goal of
2% before they start to let their foot off of the break in regards to rates.
I am loving the structure that all coins are putting in.
I've talked about Total2ES as well.
You've talked about a Doge ETF.
Why not an XRP ETF?
Look at the structure XRP is putting in right now
versus what it did before it had its last significant run up
above $3 to new all-time highs, right? It's almost identical.
It's exactly the same. You have a high timeframe compression with an accumulation model forming.
And I think that as long as well as Doge, XRP probably deserves some form of allocation in
any portfolio, whether that's through leverage or through spot. It's kind of depends on how you want to structure your portfolio, obviously. But I'm very, very optimistic. I am cognizant of the fact that if we do get
those, you probably see on chain get, you know, little insane for, you know, not a little insane,
very insane in regards to the frothy kind of behavior that will ensue after that for probably
two to three weeks. And then like you said, probably some form of cool off following that.
But ultimately speaking, you know, a lot of people, I was in a group chat, or I'm in a group
chat rather. And earlier this week, I presented in the group chat. And it's a group chat that's
full of Bitcoin maxis. It's like a Bitcoin Maxi group chat.
I have no idea how I got into it.
But I'm in this group chat.
And I presented the idea that Bitcoin, there are better risk-adjusted returns outside of Bitcoin.
And Bitcoin isn't the trade right now.
And I got laser-eyed to, I just got laser-eyed.
Like the whole room lit up, flip the switch.
How could you? How dare you? Yada, yada, yada.
You know, and if you look at how much liquidity has really been driven into these kind of a target perspective up to that range highs, you're going to see probably a lot of these quote unquote Bitcoin maxis capitulate and rotate into altcoins.
And I'm expecting liquidity to have some form of rotational effects into altcoins in particular. And I would not be shocked, I'm going to put this out there,
if you only see Bitcoin to like 129, 130, if things get like absolutely insane, maybe 140, 145.
But there is a time and a place for every single trade in the market. And right now,
in a place for every single trade in the market and right now it's with ethereum it's with solana
it's with xrp it's with link uh it's with hype it's with kita it's with like the list goes on
and on and on and on um and i'm i'm pumped i've talked about kind of the rhetoric that i think
is really going to get shifted in regards to the quote-un you know, legitimacy side of things behind the sector with all coins,
with the tech, what does it actually do? And maybe see some integration in some big ways
here moving forward. But ultimately, zooming out, you know, if you look at gold, right?
And from a very interesting perspective right now, there is a, you know, there's inflation risk.
And so we're seeing potentially that be the reason why gold is behaving in the manner it is.
Now, do we think inflation is ever going to just be kaput and we're never going to have inflation scares again?
And that's going to be that's going to be it. Right.
We're going to solve this, solve this, you know, dilemma we've been in for the better part of, you know, the last four years. And the Fed never has to be it right we're going to solve this solve this you know dilemma we've been
in for the better part of you know the last four years and the fed never has to address it again
i don't necessarily i think it's going to be an ongoing issue moving forward as probably everybody
else here does and what is going to be the asset class when we are 40 50 60 that we're going to be
investing our money into,
and it's going to be Bitcoin.
And so just looking at it from a zoomed out perspective,
we're still very, very early to all the trades,
all the trades forced through the trees,
high timeframe perspective, being patient.
And I'm bullish.
I love that you've been talking about pump.
I think bonk alongside that runs really hard.
Just all in all, I think things are setting up beautifully
into specifically Q4.
You take a look at stablecoin dominance.
You look at that shoulder.
That's up if you add USDT dominance
and USDC dominance together.'s right out off the top of
my head i'm not by the charts but i think 6.8 percent maybe um you know maybe one last stab
up there at that and that should be it that should be the bottom uh but that's it that's all i'm
gonna rant about today i appreciate you guys coming as always i'll let the rest of the guys cook
i won't really have much to cook until uh
after this f1c event man that's just that's just like the algorithm that like this market has been
in over the last few years i mean i remember uh the june of 23 the market was so choppy dude
that like we didn't really start moving and so we had that cpi print of like
oh was it three percent and then uh dude that's literally when xrp had that candle to like a
block i think well and wabi interestingly enough if you look at uh you know fomc or leading up
into fomc whatever trend we've been in i I think the statistic is three days. The three-day trend
leading into FOMC is generally a continuation of that. That's a weird stat off the top of my head.
So if we bounce off these lows, continue this trend into FOMC, probabilities are to the upside,
right?
you there wabi yeah yeah my bad bro i'm just like getting uh getting my stuff man but
you know that's just what the trend has been brother so um that's uh that's a saying that
i've that i've been yapping about right history never repeats itself but it
often rhymes probably gonna happen again brother but donnie what's going on brother you good to go
yeah i'm good man i just uh got four charts up ready i shared it in the nest uh you mentioned
soul which i was actually recently checking last night uh against eth. I hadn't checked it in a long time
because I knew it was downtrending against ETH.
But now that we've been kind of talking about,
okay, ETH BTC has done a really good move,
a little short-term higher low makes sense.
And the sentiment got real bad on Sol.
It's still pretty bad.
I just checked the chart, Sol ETH, if you guys jump on it.
Man, another clean PO3 setup.
These PO3s have really been playing out
across all relevant charts recently. And what you need to understand about these is just that
even if you don't know how to chart that well, it's pretty easy to identify a range or a recent
low that you had. When you lose that low the chart you know quote unquote looks
very bad right to your eyes and that's why these bullish po3s are such powerful setups because
those manipulation phases as you can see in the red uh you know you lose that range though it's
like oh my god this chart is cooked but it's just a really good place for capitulatory sales, let's just call them retail, into a market maker's hands or a whale's hands or people who are just finding good value at these prices that are just switched on market participants.
Not that people are actually trading Sol ETH, the chart itself, but it's still the same psychology on the chart.
So I was just looking at it and I was like, wow, you really respected that last point
of market structure marked in blue, just below the manipulation zone.
You're right on the edge of it being an actual range break to the downside.
And you bounce there with some wicks to the downside.
So this is looking super clean.
If you do reclaim that range low, which it looks to me more likely than not because of
how Sol BTC is looking.
I don't have that chart up for you guys here, but SolBTC is basically gaining momentum against
Bitcoin. It's kind of having a weekly breakout similarly to how ETH BTC broke out against
Bitcoin from the low. It broke that weekly market structure, if you guys remember.
This is kind of similar. Well,'s similar for sol btc and that
that also means uh sol eth likely pulls some some sort of strength right maybe enough to reclaim
that range low but yeah this is a super clean setup and i think it can very easily go back up
to range highs uh with you know the the broader market setup that we have, if you guys go to the next chart, which is just DXY right now,
this thing is really following that 2017 fractal to a T. And there's a lot of similarities,
obviously, with the same Trump admin and a multitude of other things. We also do have
the confluence that DXY is likely trending lower as monetary policy eases, like Prometheus was saying, in an inflationary
environment where they're choosing to basically raise their median inflation target and choose
the unemployment side. Well, that's going to mean that this is a headwind for the dollar.
And we know that the fact that they raised the debt ceiling, they got the one big beautiful bill
signed, more debt's going to be issued.
So that's also another headwind for the dollar, right? Downwards pressure on the dollar.
Two really big macro catalysts to push the dollar lower. And I really think after this FOMC,
because we do get the rate cut projections on the dot plot as well, that can indicate maybe they're going to do three cuts this year. And if that is the case, then yeah, for sure,
this dollar is going to lose that market structure low,
which is that red line,
which then ties into the next chart, which is just gold.
If you guys go on the next chart,
gold's been breaking out of this reaccumulation range that it's in.
Many people were convinced that 3,500 was the top
because it had such a sharp rally.
But after some time consolidating here and forming a really clean reaccumulation,
that's as textbook clean as you can get it,
with the context that this is somewhat inversely correlated to the dollar
and we've got a multitude of things lining up for a weaker dollar,
well, it's just adding to the fact that gold is going to go higher.
So today we had a downtick on DXY and you can just see an uptick on gold.
So if we're expecting the dollar to really drop after FOMC,
then I think that clears the road for gold to not actually just deviate the $3,500 high,
but have a range break towards $4K, potentially go even higher than that.
Who knows? We'll see how weak the dollar gets over the remainder of the year.
But the good thing about all of that is that if you see on that gold chart, I've labeled like Bitcoin is here.
I've been sharing a BTC and gold overlay pretty much since the April lows.
We've been trailing it much more closely than the global M2 chart itself.
And this makes a lot of sense.
I've said it many times.
Gold is basically like
comprised of things that make up global financial conditions, which is the two easiest things on
that is the dollar and yields. And you can see the 10-year yield is dropping. You can see the
dollar is dropping. Therefore, gold is breaking out. But BTC follows gold with some lag.
I think we're at that point where I've circled with the red circle. And that's going to be
validated if we cross the key level that I've been mentioning, the red circle. And that's going to be validated if
we cross the key level that I've been mentioning, which is just 114.9K on Bitcoin. If you get above
that, for me, that's the lowest close to 100% guaranteed as you can have it. And it's likely
we're pricing in the higher high that gold is telegraphing, right? You can see we had the April
sell-off on gold, where I've labeled in red again, and much higher high to follow that.
So we know that there's tons of reasons why the market should be now pricing an upside with monetary policy easing, with gold continuing to rally.
The BTC gold chart is starting to really pull back a lot, which starts to mean that BTC is very...
What's it called?
It's like a good risk reward trade to take against gold, right?
When that chart is going down a lot, it's super undervalued.
And yeah, crossing that key level is just going to mean that we're basically trailing this to a T.
We've been trailing it to a T since the bottom.
So if this pivot point is correct as well, and we put in a significant higher high, let's say my targets are 138 to 182
for this rally, and then we follow up with a range. But in that meantime, gold has gone to 4k plus.
Well, we're going to price that wave in as well. We're just following with a little bit of a lag.
So that basically tells me that the next three to six, seven, eight months are going to be pretty
bullish for crypto
as soon as this pivot point is confirmed.
This is the most important pivot point that we've had
other than the actual April low,
to confirm that it wasn't a cycle top and all of that.
But this is the real big pivot point
where you've got all of the altcoin charts
that we need in the right direction.
Sol ETH, Sol BTC, ETH BTC, others BTC.
And then the last chart in this post that I shared, Bitcoin dominance, that's a significant drop off
from the 66% high that we had. And you left a ton of supply on this chart above, right? Clearly lost
market structure to bearish. And even with the local shakeout right now, Bitcoin dominance isn't really bouncing back too strong.
However, I do think that because of the ETH BTC local weakness and ETH USD just a little
bit less responsive to the Bitcoin price action to the upside recently, I think Bitcoin,
until it clears the high, could take some dominance back.
Makes a lot of sense.
Completely normal.
It's actually more bullish that way.
Let's say this BTC dominance chart
pulls back up to that 60% area
that I've marked in red
while Bitcoin is rallying.
That's going to be super bullish
because eventually that liquidity
will come back into the altcoin market.
But just from a much higher inflated Bitcoin.
We would kind of want that to happen
because the USD charts would still follow.
As long as Bitcoin USD is going up, they'll just follow at a slower rate until Bitcoin finds its
local top for this range that gold is telegraphing. And in that range is where Bitcoin dominance can
severely nuke and pass it to ETH, SOL, and then subsequently the rest of the market.
So yeah, this is the most important pivot point of the cycle for me.
And really that confirmation is above 114.9K.
If you get above that, I just think it's all done.
It's just all going to happen at once.
And we've got, you know, a bunch of macro catalysts ahead
to drive the momentum higher to follow up the technical setups.
So it's looking super clean in terms of the actual technical setup for bitcoin
as long as you're below 113.5 and above 106.7 you can't really say if the low is in or not
but i was saying yesterday how you've had so much accumulative price action in this
bottoming range that even if you do wick 106.7 and clean up all that liquidity i think too much
progress has been made in terms of whoever's down here filling their bags
has filled a lot of buys
and it's likely just going to be one more buy fill
before you eventually break that 114.9.
So yeah, just a range trading environment.
Don't get too caught up on like,
oh, it's up today, oh, it's down today.
Literally just wait for 114.9
and then everything happens at once and donnie what was that last thing that you said brother you cut off there for me
after last like few seconds i was just saying don't be too caught up on like the local price
action in the range of 113.5 to 106.7 on BTC.
Literally just wait for 114.9k to get broken and it's done. And I think the case is being built
that even if you do WIC 106.7, this is still the bottoming phase and 114.9k, a break above that is
inevitable. So just have to be patient until that day comes. And of course, we've got macro catalysts ahead
that can very easily help bullish momentum
get off these lows with the FOMC, basically.
And some of these last bits of economic data
heading into FOMC.
So actually, it could happen,
let's say by Monday next week or Tuesday,
start breaking out of this uh bottoming range yeah dude i uh bro i i saw that
chart that you um it posted your btt gold chart bro i got reposted by crypto banter and they tagged
you and everything bro donny dicey making the headlines bro who could have foreseen man who could have actually foreseen
man and you know what's crazy bro not once have you yapped about supply shock or there's only 21
million or any of the other like usual stories that have been told over the last eight years bro
you're just using straight macro, straight data,
and then using that as confluence for more like data stuff, man.
And I think that's like the main edge to have in these markets right now
is you don't need to be a macro genius to really understand
like how everything's going to play out.
As long as you have, let's say, a decent fundamental understanding of macro
and then I would say above average technicals,
you can really piece together where the momentum is heading.
Because if you're having a cumulative price behavior on important charts like BTC
and then you've got forward-looking data that's indicating,
okay, the market should be pricing an upside over downside.
The probabilities are skewed more towards that than downside.
If you're seeing the accumulative price action,
then you know, okay, on a probabilistic standpoint,
it's more likely than not that this accumulation plays out
and we do price an upside.
So I don't have to stress about every single point of macro data
and this unemployment and that and this.
Accumulative price action, gold has been trending higher btc follows gold and there you go
donnie you know like on this show you were alluding to um a move where we might see one
more wave of outperformance with gold and even silver against BTC. And that's what we're experiencing
over the last couple of weeks, man. You see this outperformance where people say, man,
this like the literal golden bull run where people just mass buy gold, right? El Salvador
bought like 50 million worth of gold and not BTC. What what's going on here there's a lot of fun about that
michael saylor has been quiet and you know it's like not every day is some massive headline to
speak about right which is kind of why with these shows man there there are some streams if you guys
have noticed where like dude it's just better to just go for like 45 minutes to an hour tops.
You don't really have huge movements within the year as much as you used to.
I think if we take a look at the amount of days where like most of the upside was printed, it only happens like five to seven days within a quarter.
like five to seven days within a quarter. Right. And just off the top of my head, we remember that
first rally, uh, not the latest rally from Q4 of last year, where we rallied from 58 K to a hundred
K in four weeks. And most of those moves happened going into the election and then going into the
monthly close. So that's one. Then we also remember, I'll see you guys there.
Then we remember Q1 when these ETFs were being filed
and then we had that drawdown to like 38K.
And then if we're mid-February,
there was like a time period between mid to late February
where we rallied from like 50 to 70.
And most of that move happened within a couple of days
and even during the April lows right most of the move was done going into and out of that May FOMC
that you were talking about Donnie when we had crashed a 74k and you made that threat calling
for new all-time highs in May and June that's exactly what happened, exactly as predicted. And I'm kind of feeling
those same vibes going into this FOMC because, I mean, historically over the last few years,
and thankfully I haven't really seen any other analysts, they're like, hey, I'll talk about this
regarding the September FOMC. But the FOMC in September has dictated the rest of the year in price action for a number of years now.
In 2021, Jerome Powell started saying, you know, we might need to stop QE.
We may need to raise rates.
And then in 22, he said there will be pain and we'll do whatever is necessary, even if the market collapses and the S&P drew down like 10 plus percent after that September FOMC.
I'm pretty sure it was Jackson Hole, excuse me.
And we all know what happened in 23 and 24.
So I don't really think this time is going to be any different.
And I mean, just take a look at the performance across majors from the monthly open in September from Monday.
Things have been doing quite well since the monthly open in september from monday um things have been doing quite quite well
since the monthly open btc opened up at like 107 108 solana um is up since the month started pump
for sure is up in the double digits and i'm excited bro for pump pump finally broke out of uh broke out of um those august highs again
full confirmation not just one like you know those fake out candles that some of these athletes like
to have like oh we break above the previous range high and then we get smacked back down like no bro
pump is on a tear and i do i really think man regardless of like what people think about pump fun and
extraction and all that stuff if you just think about like the mind share about the narrative of
a product that is revenue and probably the greatest startup story ever um since maybe
finance right um you know i don't really think people have grasped the pump the pump
fund trade um at all and it's a trade that you can play with size and like luna some of these
altcoins man they are even though you might you might see like all their scams or whatever during
a bull run dude these businesses man like these all coins some of them just go absolutely nuts man all chain link has been doing is just being an oracle provider
and that ran up like crazy during 2020 um all hyper liquid is is just a perpetual dex that is
it they are a perp dex where you can play futures and other and other markets that is it that is it there is nothing that separates
hyperliquid from binance or going on charles schwab to buy i did on leverage there is no
difference at all whatsoever so what were you saying don i saw you got off mute when i started
speaking about pump yeah i was just saying um it's had a very convincing break of those august highs
like you should expect follow through.
At the worst, you could retest that high,
but because you've convincingly broke it,
the momentum is just going to be there, even on a pullback.
Looks beast.
I reckon this thing ends up at all-time highs pretty quickly.
I'm kind of pissed because, man,
what an easy setup to get into at the the at the late august lows like another
reaccumulation i just wasn't paying attention to this chart and like you said it's a it's one you
can take with size and just win yeah i mean the market cap isn't even a two bill um circulating
and i mean i think that's where hyperliquid started pulling off its massive rally. Like where Pump is right now, that's exactly where like hype bottomed out in April, I think.
Wait, actually, let me just check.
I might be off by just a little bit i'm gonna go on um on coin gecko
i'm gonna hide now i just pulled out the chart i'm just gonna look at the market cap
we bottomed out at nine bucks exactly as predicted so hype wow so hype actually bottomed out at like 3.6 billion
in april so wow yeah so pump is trading at an evaluation of hyper liquid if hype was trading at like let's call it three bucks something like that so you're
basically buying three dollar hype or four dollar hype if you want to like place place them some
direct fundamentals given that pump only makes like half of what uh rather has only been producing
half of the revenue that hyper liquidquid doesn't and that's
the thing right like these stratify guys like they look at some of these companies like let
me see their revenue right like let me see their cash flow like their actual cash flows how do they
how do they make money on fees how do they generate interest for the token etc etc and if
you remember in may we had that analyst appear on bloomberg and he basically gave wall
street the red pill on uh on hyperliquid at 15 bucks and after that hyperliquid just zoomed to
25 plus and has never really looked back and so i think pump is that next thing. And Pump is now going into a platform that attracts streamers.
Now, it might take some time, but like, how else are you going to generate?
How else are you going to attract attention to the younger generations, given that like most of the content they consume is through these streamers, right?
I'm not saying there's going to be like a Kai Sinai on PumpFun,
but what I am saying is that like streaming platforms are the new gauge for retail to be coming in, right?
In 2017, it was YouTube.
2021, it was things like Twitter when Elon was talking about Doge all the time.
And I mean, I guess you can say Spaces, right?
I think Spaces were a lot bigger in 2023 for whatever reason.
I just think they were active.
They were just more participants, I think.
At least participants that found out about crypto because of spaces
because on bot x and did the whole rebrand and all that stuff and they might have figured out
about our industry through spaces but that next step that x like wave of euphoria is going to be
through streamers it's going to be through streaming platforms and it's going to be like people that speak authentically
and and um of course people that are also entertaining but that's my stance on that man
yeah i think uh you know there's just tons of frustration in the market for how long it's
taken to play out for old coins so the tension tension is not really there, but obviously it'll come back as the market plays out here over the next few months or whatever.
But yeah, massively important pivot point right now.
And I think the price action that we're seeing is just telling us that the
bottom is in or close man.
And then all at once.
So excited.
Well,
man,
I think I'm going to call it here.
I do have to go,
man,
but hopefully you guys enjoyed that quick weekly wrap up next week.
We'll likely be filled with longer streams as there are going to be a lot of macro events, guys.
We just got straight to the point, talked our book, gave a little wrap up of what's happened at the week.
So we got the sole treasury company being listed in the NASDAQ next week.
And we have some stuff on chain with the whole TCG meta doing well.
And I'm pretty confident that's going to end up like an AI trade.
And I want to thank each and every single one of you that tuned in. But guys, if this is your first time tuning in and you've been enjoying the stream over
the last hour and want to keep up with what we do or kind of want to know what we're all about, right?
We are Because Bitcoin.
We're an online financial media company that loves to produce content.
We have content here on X via our Spaces live streams.
I host them throughout the week, Monday through Friday.
Usual start time is between 4.30 to 4.45 p.m.m est usually and we talk all things markets we talk
price action narratives macro uh broader stratify stuff all coins on chain really anything under
the book we'd like to talk about but we also have our youtube show called market check that show is
usually hosted between 11 a.m est to 11 15 a. EST. And that show is hosted by some of our analysts at BB.
And yeah, we'll see you guys on Monday.
But if you want to keep up with what we do,
feel free to give us a follow.
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And feel free to follow the BecauseBitcoin account.
And turn on Bell Notive so not only that you can be made aware
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but also to keep up with real-time news updates regarding all markets as we are one of the fastest news producing platforms here on X.
So that being said, I want to give a shout out to my Lord and Savior Jesus Christ for allowing me another day of health to talk markets with you all.
So that being said, I hope you all have a
fantastic rest of your Friday or Saturday. Have a safe weekend and we'll see you all on Monday
on Market Check and then later on that afternoon for Market Talk. So Donnie, once again,
thank you, man. It's always a pleasure talking markets with you, bro. Absolute, absolute
cook sessions that we've been having going on almost 10 months
now. The first time that I had Donnie on this show was basically the day before the election.
So it's been a wild ride since then. And I'm looking forward to the next 10 months after that.
And I am expecting others, BTC, to be in price discovery over the next 10 months, man,
especially over the next 10 months.
But I'm going to go ahead and leave you guys here.
And if you guys missed most of the space or you've been in and out and you want to catch up,
these spaces are recorded for all of you.
All of our shows here on X Spaces are recorded.
So, guys, God bless you all. I'll see you on the next our shows here on X spaces are recorded. So guys,
