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Market Talk- BTC HITS 94k!! Alt coins pump hard! 2026 bull run!?
Recorded: Jan. 5, 2026 Duration: 1:14:18Space Recording
Short Summary
The crypto market is experiencing a significant bullish trend as various assets, including altcoins and established cryptocurrencies, show remarkable growth. With Pepe surging 70% year-to-date and the S&P 500 also on the rise, investors are optimistic about the potential for continued upward momentum in the coming weeks.
Full Transcription
Thank you. Thank you. Thank you. Thank you. Thank you. I'm clear. Thank you. The limit.
Walk along the razor's edge.
Don't look down to keep your head.
Are you finished? Don't look down, just keep your head Open the lemon
I've still fallen on a rhythm
Reach the top, but still you gotta learn how to keep it
Just go real and double the stakes
Next game
Next game
Going for the back of the old Nothing gonna stop you Oh, yeah. Welcome to the limit.
Take you maybe one step more.
Our game's still playing so we better win it. Hey! Oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, Music Thank you. Welcome to the limit.
Stand below the raisins and don't look down and just keep your head. Welcome to the limit.
Welcome to the limit.
Welcome to the limit. What's going on, guys? on guys what an insane way to start off the first full week of the new year s&p 500 melting up
the queues melting up pretty much every single altcoins melting up if you guys uh tuned in to
friday's show last week i was mentioning how damn pepe is up like 40 percent uh to start off the year it must mean that
shit's about a rip um i even mentioned boys club which me personally i think i've only done that
a few times back in like q2 of 24 um and i mean even those things are up like 300%, 250% off the lows, um, things in the
virtuals ecosystem are also melting up.
Think virtuals up like 25%.
It's up two X off of the low from last week.
And that is a high cap.
Virtuals went from like 500 mil market cap back to well over a billion in market cap um you also have some
tickers like repo going into price discovery you actually have some things in price discovery
um on base uh ai is really catching steam again you also have game one of my favorite tickers
also melting up as well that thing's also up like 120 off of the low um
you also have uh pretty much btc about to smash through that resistance that it had a couple of
weeks back uh really throughout the whole month of december at like 94.1 94.2 if we get above that then man i i really think you actually
might blow through a hundred bands um you have eth about across 3 300 you have solana close to 140
um you have doge up like 23 over the last few days perhaps that signal right and pepe is just
following that but uh i really don't think anyone expected us to just rip like this so aggressively
to start off the year uh pepe's up over 70 year to date and uh really anytime this thing has has um had any sustained uptrend whether it's
lower time frame mid time frame higher time frame every single sector pumps um at least at least
that's what the trend has been you even have polka dot of like 20 plus percent to start off the year
man um and truth be told it feels damn good it really feels good to see, um, insane price action to start off the year.
Uh, I think we're up like, so the yearly open for BTC is probably, I think it's like 88K,
something along those lines.
So we're like seven plus percent to start off the year on btc s&p 500 not that far off from
from price discovery same thing with the queues and it's gonna be an interesting conversation man
um i know in stratify land there's some crazy stuff going on with clod it's now a sentient ai it can actually like build without much input um and anytime there's some
sort of like breakthrough in ai crypto is like the first one to sniff out that beta so i'm sure
there's going to be some sort of uh ai echo bubble at some point this year. Maybe not as strong as it was in Q4 of 2024, because that was like, honestly, that was
like a golden age, man.
You had everything lining up for all markets.
Trump about to win the election and all that stuff.
And man, speaking of Trump, man, what he did in Venezuela, that was a pretty Chad move. And honestly, that probably extends this bull run by like 10 years as far as tech and AI and all that stuff.
He basically has billions and billions and billions and billions and billions and billions and billions and billions to twop into these markets, man.
And oil is probably going to crater and you're probably
going to see gas prices go back to like sub two dollars um to be honest at least at least that's
that's uh that's what i think man but um i mean pretty much everything across the board is um is
rallying like crazy aggressively um you also have white whale hitting new all-time highs so those
are some new things on chain new things on chain are in price discovery and even far coin man far
coin uh is breaking out far coin broke through that resistance that it had back in december at like 35 cents uh far coin is up well over 100 from its november lows and now we have
to ask like is history about to repeat itself right when you start seeing things like far coin
also starting to shift on their uh on their time frames from lower time frame from lower time frames and mid time frames
a higher time frame i think far coin would really have to like break through its uh q4 highs
to really really get in front of its skis as prometheus says which is at about 75 cents get
above 75 cents and far coin probably goes into price discovery, but we'll just wait if that even happens, right?
I'm sure some newer tickers on chain are going to launch, but it's really remarkable how fast the market loves its recency bias.
And I remember just going through some late night spaces, just going through my timeline.
And people were saying that the basket to short for 2026 would have been memes and also some AI because AI is at a top and all this stuff.
And the things to long would be perpetual platforms it's perpetual platforms that people
should be longing for outperformance and that's not that's not really the case i don't think so
i mean the market's not showing that um there's so many hyper liquid derivatives that i think the
market's just kind of sick of it to be honest but uh a lot of the
guys that usually come on these shows are still on vacation i mean i understand that right usually
the start of the year is kind of slow it's real probably until like the uh the 15th later this
month um fomc i think that's when like more people begin to get active and all this stuff.
I think the only thing that's set to happen later this week is the NFP numbers,
which I don't even think people really, really care about right now.
It's non-farm payrolls.
We also have Trump that's going to announce his new Fed chair.
So we'll see if this pump sustains.
But at least from what history has told us,
anytime we see these certain tickers just come out the gate
and really start outperforming everything that we're in for some exciting times.
We also have XRP blasting off almost 30%
year to date as well. And it just goes back to whenever people really complain about crypto,
and I'm susceptible to this. I've complained many, many times. I am not a perfect market
participant at all whatsoever. But whenever you see this like lead lag where you have equities
leading and going into price discovery, hitting new highs, having huge recoveries and crypto is
kind of like flatlined, there does tend to be a catch up trade that blasts off pretty quickly. And
I think what we saw with Trump in Venezuela is probably one thing that
caught the market off guard, and it's probably going to rip. And you'll likely go into a season
where everyone's a genius. Everyone is an absolute genius. Right now, we have memes and AI leading.
And then at some point, you'll probably have VC coins and all the Hyperliquid competitors also blast off as well.
I'm shocked to see Monad not really doing anything, though.
I thought that thing would have pumped today.
But the thing is up like 60%.
Yeah, like 60% from its low. Almost 70 low almost 70 yeah monads up almost 70 off of its low so
at some point maybe that thing goes into price discovery i know there's there's a lot of uh
supply overhang but the chart does look um pretty damn bullish i call it the uh the pipeline i'm gonna call it the uh no the
half pipe i'm gonna call it the the half pipe chart pattern if you guys know anything about
skateboarding it's the half pipe right it starts off high and then it just goes all the way low
and then it just blasts off and i don't't know, maybe Monad does the Tony Hawk.
Prometheus, what's that move that Tony Hawk does, the Hurricane?
What's the move that Tony Hawk does, bro?
I know you and Tucker love Tony Hawk.
Do you know the move that he does?
What are you talking about?
Dude, I haven't heard of Tony Hawk. And he and he does like what is like 1840 or something crazy
like that i think that's what you're talking about the 900 yeah yeah yeah yeah so the tony hawk
tony hawk's famous move is called the 900 so if you look at charts like monad and then you look
at what charts like suey did uh after it bottomed out in like Q3 of 23.
That is the half pipe Tony Hawk 900 pattern.
It starts off high, which is the launch, right?
Because you usually have like two days of TWOP.
And then it just goes straight down only, consolidates for a bit, and then just blasts off into the sky and does the Tony Hawk 900.
So perhaps Monad does that. Lighter's doing that right now. Man, that community is kind of cringe,
the Lighter community. Those guys, I think they have some issues. But that's just the case with many of these derivative projects in their communities.
I'm not even sure if BNB is going to catch up, man.
I really think XRP is going to outperform BNB.
I think a lot of people that bridged over to BNB and got burned are just not going to put their capital over there.
Unless you just have CZ with his own funds just swapping some stuff.
But I'm probably never, ever, ever, ever, ever going back to BNB, to be honest.
And I mean, if you just go on CoinGecko right now, like everything is melting up.
Sui's also up like 30% year-to-date.
Same thing with SHIB.
World Liberty Phi as well.
World Liberty Phi is also doing the half-pipe pattern.
And it also made some fresh local highs, quarterly highs actually.
I think World Liberty Phi is about a blast through its its high that it had
uh in q4 before it just melted down um which is like which is like right at 20 cents and then
it's all-time high is at like 25 which is uh when the half pipe began. So we'll see where that thing ends up, man.
But it's also up 60-plus percent.
It's just, dude, that FTV for World Liberty 5 is absolutely insane, man.
But, I mean, I see Louis and Sully in the audience.
I'll send them invites to speak.
As I said earlier, some people are still on vacation. So for today's show, it's just going to be me and a few of the team members,
or maybe just me and Prometheus, who knows? Maybe Naka shows up. And I forgot if Naka was bearish,
Wow. I forgot if Naka was bearish, man, when he came on the show.
Yeah, he is.
Oh, okay. All right. And then, like, we just melted up across the board.
All right. So I see that that's still signal. All right. Cool.
But anyways, guys, if you guys can do it, go ahead and do me a solid favor.
This is the first official week of the new year.
If you guys can go ahead and show some love to the space guys,
best way to do that is by clicking the spaces tab.
Once you guys do that, right above our profile pictures,
you'll see right up on the nest,
you'll see that link that says x.com slash i slash spaces.
You guys can go ahead, smash up the like button,
hit up the retweet button
lots to discuss i'm sure all of you are excited for this price action we're finally getting some
breaths one of my favorite words to use we're finally getting some breaths in the altcoin space
and it's not just bitcoin marking up to 93 94 while all coins do nothing you are actually seeing a plethora of
coins showing some life you're actually seeing some trends shifting slowly but surely um
personally if if we're gonna look at soul we're gonna look at solana as um as any sort of signal for how crazy things can get on
chain i really think if you just get um above the november highs which is at like 185 um i think at
that point you'll probably see some runners that go to like probably like 250 300 mil that's the usual spot where solana trades
at whenever you have some some huge runners but i think just locally here speaking the december
highs are more than enough to start seeing some of those runners begin um and that sits at like 145, 146, 147.
But, yeah, that's kind of the case with Soul.
Things were looking extremely grim like two weeks ago, three weeks ago, when it was like below 120.
And there was nothing but air down there, man.
But, yeah, guys, show some love to the space.
Click the Spaces tab.
Smash up the like button
if you're excited about this price action same thing with the retweet button helps get the show
more out into the algorithm to start off the year brings more eyes and ears to the brands and all
that good stuff and uh i want to welcome you all back to market talk i hope you all had a fantastic, fantastic weekend. I hope you all had a good two weeks
worth of rest. Markets didn't really do much up until a few days ago, right to start off the year.
We just began to rip and rip and rip. It reminds me a lot of the 2023 yearly open.
I think it was like a week and a half after the yearly open,
things just started blasting off.
I think it was like January 14th, 15th of 2023,
shortly after um that FOMC so yeah I think it was like like January 12th through 14th
shortly after that FOMC.
something along those lines and we had coins like Optimism, Canto, Apto, Solana all ripping face
so something similar might be happening right now but uh I would like to see BTC mark up to over 95K.
I think that would be a nice spot, but BTC did go above last month's high.
Yeah, I'm looking at the chart correctly.
Yeah, it actually did mark up to fresh local highs, year to date highs.
And now the question is, like, are we going to reverse everything that happened on 1010?
But I think the first thing that has to happen is for Bitcoin to actually go above the 1010 lows, which was like at 102K.
I think that's the last line in the sand, man.
You get above 102, 103, 104, right around that line.
And I think new all-time highs are probably on the table for Bitcoin.
And I'm sure many people are kind of frustrated.
They saw things like silver, specifically silver,
saw things like silver, specifically silver, things like silver just blasting off and
melting up over those couple of weeks, which essentially equated to Bitcoin marking up
10%, 15% every other day. If we were to take the comparison in market caps between silver and bitcoin that equated to essentially bitcoin
marking up from 85k all the way to almost 200 bandos um so you know i i i kind of feel feel that
that frustration um you could have just bought in silver miners bought some calls on those things and printed a boatload
but i think everyone forgets that crypto is a market where you had things like whiff happen
pepe happen virtuals happen ai16z happen um around this time last year i think ai16Z was among the top three repos in GitHub.
And that was a beautiful time in the market.
And I'm sure they'll be back, but I'm going to kick it off to Prometheus, get his thoughts on the market. And, um, you know, I went on a phone call with Prometheus a few days ago and,
uh, you know, I vented to a brother, a fellow brother in coin. And I'm like, man, you know,
what needs to happen for me to like, feel good. Uh, I need, I need to catch a 10 X play on chain.
I need the market to actually do something and to do something fast and here we are here we are a few days later
and um honestly i don't really think it's smart to fade a move like this when you see altcoins
floored out and they're actually getting a sustained bid on spot and not really like perp driven, where perp driven rallies usually get retraced pretty quickly.
And spot driven rallies are more of like a slow stair step up after that first initial impulse.
And I remember even back in like February of 2024, where Pepe had that huge like 40, 50 percent pump on the day and then everything started to trickle up.
AI, all that stuff.
We'll see whether or not that ticket goes into price discovery.
If it actually goes into price discovery, then the market's just cooked in about two weeks after the fact and everyone gets an all time high.
after the fact and um everyone gets an all-time high at least that's how the trend has been with
something like pepe as far as like broader market uh directions but it does seem like uh cycle
cockroaches are in control multi-cycle cockroach unks are in control uh the half pipe chart pattern into the tony hawk 900 pattern will be studied
and uh anyways space is our recorder as always guys we're gonna go ahead and cook for you i'm
gonna go ahead and uh stop yapping and uh pass it over prometheus and i'll just send a speaker invite to Louie and Sully if they want to yap.
But Prometheus, what's up, bro?
Yo, what's going on, guys?
Happy Monday to you.
Happy to the beginning of the week.
Hopefully happy to the beginning of a fantastic trading year for everybody.
I'm excited for volatility, man.
I really am.
And to what you said, Wabi, you had mentioned that you shouldn't be fading
a move like this. And I completely agree. We just now closed, you know, outside of seven,
essentially like a seven week range. And we're now kind of pushing outside of that value,
which hopefully means we're going to be entering into continued expansionary phase.
which hopefully means we're going to be entering into continued expansionary phase.
You know, I've been bullish here the last few weeks from a localized perspective,
high timeframe still bearish. I know that it can be confusing for some to, you know,
kind of grasp and comprehend, but I love what I'm seeing across the board. Interesting,
you know, that we're seeing, you know, I mean, the United States and
Trump essentially went into another country, kidnapped the president. And now we are, you
know, and we're pumping off that news, you know, to the start of the week. Is that because, you
know, hopefully we're going to be seeing oil prices pinned at like $50 for, you know, the foreseeable
future. There's also Venezuela has a
massive amount of gold reserves. They, interestingly enough as well, hold one of the largest seized
Bitcoin stacks in the world, I think is somewhere around 600,000 Bitcoin, which is pretty substantial.
Yeah, I don't want to talk too much on like politics, you know, not necessarily my place
to be doing. So I'm just going to be talking price. Uh, that being said, we're seeing a really
big move. Um, we're seeing a lot of shorts kind of get carted out to the woodshed, you know, like
I probably mentioned, I said that there was a lot of complacent shorts within the market and,
uh, you know, they just got kind of their positioning tested in a big, big, big way.
If they haven't capitulated already, I hope that they've kind of realized that they should put their ego aside as for right now and accept that this is likely going to be a trending move for, you know, hopefully, you know, most likely a significant period of time.
Most likely a significant period of time.
From a higher timeframe perspective, I cannot shake the whole unemployment trending higher perspective, where we're at in value from Bitcoin.
We had a great talk on it today on the YouTube live stream.
If you guys haven't checked that out, I highly recommend that.
I kind of gave my spiel and talk on where Bitcoin is at from a value perspective
here locally speaking. We compared it to last cycle. If you were to ask me what would you
be looking for longs here, I think you need to be very, very, very careful. And the reason why
is because there's a whole lot of grifters in the space that essentially, you know, had their portfolios go down only for a substantial
period of time. And they're going to be out there doing anything and everything they can
really to, uh, to probably take advantage of some people that are going on chains.
So it's going to be, there's definitely going to be some extraction. I think everybody needs
to be careful of, uh, but besides that extraction I think everybody needs to be careful of.
But besides that, I would be looking at Hyperliquid.
I actually think Hyperliquid has great structure.
I was long XRP and Solana.
I closed those over the weekend and mentioned to the Discord, if you close above value,
you know, then I have no problem entering back into longs.
I, funny enough, bought some Kida.
I think Kida looks great.
I think Solana looks good.
XRP looks good.
I think that ETH and BTC look good.
I think a lot of the more kind of, we'll call it,
established names within the space look fantastic here for continuation to the upside.
And I am sitting in those positions
as of right now, if we start to get closes below like 91.5, then I will, you know, flip back
bearish in a heartbeat. I don't want to see us getting back down into that seven week value.
In my opinion, if we do, then, uh, you know, you're probably going to be seeing a pretty
quick rotation back down to like 86.5.
And at that point, I don't see a reason why we wouldn't be going to, you know, kind of like new
lows at that point. So enjoying the pump, man, enjoying the pump, I'm going to be diving into
on-chain. I think there's an opportunity for on-chain, but again, high timeframe, I think it,
you know, needs to be realized that most likely what's going
to be happening is we're going to be seeing, like I said, some form of a continuation of the
downside here probably come March. I think enjoy the pump while you can. A lot of people are going
to not be suspecting it, in my opinion.
But I'm enjoying what we're seeing so far.
Oil stocks are pumping.
Equities look fantastic.
And that's that, man.
Happy beginning of Q1.
Happy beginning of the year.
Happy beginning of the week. Happy beginning of, hopefully, some volatility in the markets.
So with that being said, I'll pass it on over to everybody else.
I think it's just me and you today, bro.
Louie and Sully are not up here, man.
But if anyone in the audience wants to come up and yap, feel free to do so and hit that request button.
I mean, I'm kind of wondering, like, is this a return to seasonality where KeyOne is actually somewhat bullish?
I think after that FOMC, we're going to go ahead and quickly find out because I know the yearly open for last year was like at 93K and change and AI was just continuing to rip.
but the smaller names in AI,
and I know we had Pippen going to like three 50,
three 70 mil in early January of last year.
And then we had a few like small runners going to like 80,
but everything was, was basically cooked at that point.
Even Hyperliquid was topped going into the new year and equ an all-time high for bitcoin in inauguration day uh the trump coins
and also uh melania which kind of was like the second tower for uh for the market that was just
brutal insanely brutal i think give it like another probably like five eight months to see that
liquidity come back into the market um and dude even things like ray are up like 2x off of the
lows as well maybe that one comes back as well um i'm just looking at everything that's had strength
Well, I'm just looking at everything that's had strength over the last few days compared to the broader market.
And I remember Chill talking about Repo.
I think you tagged him on it, dude.
And he said it kind of gave him some ray vibes.
This thing's at 42 mil, 1.2 mil in liquidity.
So the liquidity pool is a bit small for its market cap um
i also saw brypto buying this thing on fomo quite a bit so maybe that's some actionable signal as
well but ai is like starting to catch up quite a bit and hopefully it's not just like a small tiny run like we saw back in uh in q4
of last year because when ai and memes do well like dude everyone wins everyone wins um
completely and fully yeah but if anyone wants to come up and talk, just hit that request button at the bottom left.
And I mean, you can ask questions, but I'd rather if anyone's going to come up and talk, like just give your thoughts on the market.
Maybe some maybe there's something that we're not seeing because if it's just question, it'll just feel like an interview and that's like the one thing i have always always
always wanted to avoid on these shows where it's just like people being interviewed and not so much
um discussions taking place so there's like almost 200 people in here i'm sure at least like
There's like almost 200 people in here.
I'm sure at least like one or two people have any sort of initiative to come up and yap.
I'll bring up anyone, to be honest.
Whether you want to talk about TradFi or crypto, feel free to do so.
But yeah, Prometheus, what do you want to yap about, man?
Anything that you're interested in
i mean i love to see kind of the moves that we're seeing across the board in regards to
like pepe i mean virtual is popping off i know that they're probably going to be coming out with
i mean they put out a huge article today it's most likely going to lead towards their agents
right unicorn and those other yeah yeah they're
probably going to be coming out with another season here soon and their project really should
be a case study for other projects within the space um when it comes to how to position yourselves
with where the current trend is for you know know, on chain when it comes for,
when it comes to creating wealth, when it comes to, you know,
attracting liquidity and attention. Yeah, man. I mean,
virtual has done a fantastic job and all props to that team and what they're
doing. I have been talking with chill about repo, a repo,
however you pronounce it kind of diving into that. I have been talking with Jill about repo, a repo, however you pronounce it,
kind of diving into that. I was, and still am a little cautious when it comes to some on chain or when it comes to getting back on chain. But like I said, once we broke value today,
in my opinion, things are going to heat up really quickly because you have probably about half the
sector that makes their
money from trading on chain. So that's, I mean, roughly, I wouldn't say half the liquidity,
but a substantial amount of liquidity within the ecosystem. Whenever they see bullish conditions,
they kind of flock to, you know, Solana, they flock to base, uh, and things typically do very,
very well over there. So, you know, like I said, there should be a window of opportunity
and everybody should be looking to take advantage of it
until proven otherwise, you know, and you see,
if you see majors, you know, hit some invalidations
and, you know, obviously we can adjust positioning then but as
of right now it's kind of like a one unidirectional trade until proven otherwise and i think solana
has a lot more room to the upside i think solana could be going to like easily up into 150 now
interestingly enough when you get like seven plus weeks of sideways price action and chop, generally what that does for
momentum oscillators is it creates this, it creates this dynamic in momentum oscillators where
whatever direction you then move out of after that chopping period that has been a substantial
length of time, generally the momentum indicators will then reach the oversold or overbought territory,
quote unquote, air quotes,
oversold or overbought territory fairly quickly.
So you have to be kind of cognizant of that
if you're a momentum indicator trader.
And another thing you got to kind of be careful of
is you have a lot of people
that are still substantially underwater on a lot of these takers. So I think kind of curving your price targets,
at least on, you know, let's just say like a virtuals or like a Solana or XRP or yada, yada,
yada is going to be pretty important. Um, in my opinion, from an expectational standpoint,
because people are going to be getting, you're going to be getting so much noise on the timeline
of, Oh, we should be expecting, you know, immediately like 180 K Bitcoin. Well, you have
a lot of levels that you need to be getting confirmation first, at least based off of my
system, um, from a multitude of different things
before you could even have those conversations. Um, and a lot of people too, like from a price
perspective, you're going to be running into a lot of traps, a lot of supply that has been trapped
for a substantial amount of time. Um, and we talk about it all the time, Wabi, you know, we talk about like recency bias,
um, and this market loves recency bias.
And what this market also loves to do is to get out of position.
They've been underwater in for a substantial period of time.
And if they are given the opportunity, they're almost always going to take it.
Um, because people get, you know, people lose conviction very quickly in things.
And they also are very, very, very quick to rotate in and out. Um, and so really it, it shouldn't be
looked at any differently from what we've seen this cycle. You know, if you get, if you've had
a fantastic trade on X coin and you're up, you know, plethora of percents, like pay yourself a
little bit, right. Uh, you know, look for new shiny things. I'm sure there's going to be a new narrative that
comes out. I talk about this every time that generally what you see run first off, when you
do see kind of bullish environment or prolonged bullish environment ensues, the beginning of that
bullish environment, generally speaking, is what ran last time. So what we're seeing pop off, we're seeing virtuals pop
off. Pepe's doing fantastic. You're seeing kind of majors move across the board. Some of the other
names like you were talking about, like White Whale. And then I would not be shocked if here
very soon we see some new narrative pop up. Like that's my, that's generally what you see in these
prolonged, you know, if we do see a prolonged bullish environment, you'll see a new narrative pop up. Um, it'll be, I don't even know what it'll
be. Um, but everybody will grasp onto it. Like it's like the next best thing. You'll probably
see a bunch of on-chain runners that do very, very, very well. Um, but those like gains will
probably not stick for the majority of them.
You might have like maybe one to max five names that really do exponentials.
So, you know, something that I'm kind of keeping in the back of my mind is like being very aware of any new trends that I, you know, that may be popping up within the sector,
because I think things can run really hard. Like you just kind of unleashed a wave of liquidity
as of right now, at least momentarily, right? You have a ton of sellers that now just became
forced buyers within the market. And, you know, you're having people that have been underwater
for a substantial amount of time, finally, you know, seeing're having people that have been underwater for a substantial amount of
time, finally, you know, seeing an opportunity to make back some of those plays.
So liquidity is going to be very, very aggressive on chain in regards to rotations, in my opinion.
Um, yeah.
Uh, besides that, I, I'm just on, I'm long, um, um, you know, long and, and I'm here for the ride. So, uh, that's
kind of what I'm saying, man. So dude, what if we just, what if we just went up with no pullbacks
is what I, is what I ask myself. Yeah. I don't think that's going to happen.
And the reason why I don't think it's going to happen, man, is because I feel like this NFP stuff is like such a psyop.
I think it's.
Dude, the data is already in the charts, bro.
It's already priced in.
Everything's priced in.
UBI is priced in.
Trump going into Venezuela is priced in.
And he's probably going to do the same thing in Colombia.
That's priced in.
Like, every single probability is priced in.
The Ravens losing yesterday, that was priced in.
Are you a Ravens fan?
No, no, no, I'm not.
No, but I had a gym colleague that betted with them,
and they fought against the Steelers.
I'm right about that, right, Grometheus?
Yeah.
Yeah, yeah.
I told them to bet for the Steelers to actually win.
I've never done any sort of like you know heavy sports betting but um
like the the takes i've given a lot of the time they're actually quite well uh even though the
nfl is kind of rigged um same thing with the nba that's also rigged um yeah but anyways man if there is a new narrative with ai i think game is just going
to blast off into 100 mil um i think there is some alpha and like selecting assets within a
sector that shouldn't trend you want to go with an asset that's been around for at least a year
um and i think game is like game is literally like the beta play for something like
virtuals and i think there are many people that love to underestimate how high a high cap or a
mid cap can go again just take a look at virtuals the thing is up almost 2x from its low in less than a week.
And that's what I have to say about that, man.
That's what I got to say about that.
And I think the virtuals team, they released that article back in like November, early November, late October, where they were talking about
value onto the ecosystem
and the team is not getting any tokens
until virtuals reaches
like certain market caps
and I think that should be the case
with almost
every single project
to be honest
virtuals team needs to be a case study
for every single new project out there on what to
do like they've done a fantastic job yeah yeah they they did that flywheel back in like april
may something like that and you know something interesting with virtuals is that there's always some like crazy huge upgrade or update within their eco before a major
run um i think the last time they did an upgrade that they're about to do like right now with those
new agents was back during that time frame um but it is nice to see that like there's actual improvement in tech stuff in crypto because I think you do
need a tech bid in crypto at some point to actually have liquidity that's going to stay
in the market and not just like go up and leave.
Just look at you know 2020 2021 and things like 2017, right?
A lot of that run was because of the tech bid speculation.
You had the ETH ICO and the ETH killers and all that stuff.
And then in 2020, 2021, you had DeFi and the whole ETH killer stuff actually came into fruition, which is crazy, man.
killer stuff actually came into fruition, which is crazy, man.
Like the ETH killer, which is really just chains that outperform ETH over a certain time period,
it actually happens.
You had Luna, AVAX, Cardano, Solana, and this cycle, you had Solana do the same thing again
that it did last cycle.
And you also had Hyperliquid.
You had Sui.
And I think the only thing that hasn't really come back in a big way is DeFi.
And I think meme coins replaced DeFi.
Same thing with AI.
I think AI probably replaced those yields because the returns are basically at parity with some of these defy
things um maybe not own because god dude that was such an anomaly and it'll probably never
happen again that was like a once once in a qe time horizon, maybe during like, I think this would be QE5.
If they do QE again, it would be like the fifth round.
Because there was COVID QE, and then you had one happen in 2008,
and then in 2011, and then Yellen in 2015, right around that time frame.
So this would be the fifth round of QE, if QE is actually going to happen at some point this year,
which won't happen if markets don't really crater to the ground.
I do think over the next 12 months, there is going to be another hefty correction, similar to what we saw in Q1.
I just don't think it's this quarter.
I don't really think so at all whatsoever.
And it probably happens insanely quick.
If not, yeah, probably a lot more quicker than it did in Q1 of last year, to be honest.
And I guess that's a good thing if you like volatility.
During a Trump regime, any sort of downside is priced in a hell of a lot more than upside.
If you look at the run that we had from the April lows up until October, that was a literal
melt-up, dude, An actual melt-up. You had the S&P going
from 4,800 to almost 7,000 in like seven months. That's astronomical, dude. Hood going up hundreds
of percentages from its low. That is a melt-up. Then the miners and all that other stuff um went up aggressively man
dude do you think miners are going to come back in a big way during this run or do you think like
like those are probably like they had their top last year like clsk iron stuff like that
that i think it depends on the name um some of the names are definitely
i think it depends on the name um some of the names are definitely
parts uh part of the ai trade at this point um they do have a little bit of you know they are
in a way some of them are beta towards bitcoin but they're more just kind of like high beta stocks
at this point that just reacts for the most part to the broader risk on environment. Because if you look at it, like, generally speaking, I mean, up until I mean,
yeah, generally speaking, you know, when the AI trade is doing well, you know, generally,
so is crypto. And so if you're seeing like, you know, crypto and the AI trade doing well, I mean, the miners are just
going to kind of act as bait to that at this point. I think they're going to do well, regardless,
the infrastructure is extremely, extremely important for the foreseeable future.
No matter really what happens, like there's a few instances where you could, you know, create some form of like,
like, I don't even, it would have to be like, I mean, you have like a quantum computer that
somehow has the computing capacity of like an entire warehouse of chips. Like that's essentially
what would have to happen for, you know, these stocks to kind of die out. At this point, too,
they're kind of like, they're kind of like, like national security at this point, in a way,
like just as Nvidia is like, so are a lot of these infrastructure plays. Because as we move out into
the, you know, the next few decades, energy infrastructure as a whole is going to continue to be important,
and it's never going to go away. We're getting to the point where our current grid is kind of
in shambles. And so I wouldn't be surprised over the next decade or two if you see
massive, massive subsidies from the government, you know, to scale out large scale, you know,
renovations of the grid and the infrastructure. And these companies are going to play a vital part.
Right. Yeah. So I love the whole, you know, minor kind of trade still. I don't think that there's a reason why, you know, people shouldn't.
If we, you know, look at where they're positioned,
they're positioned in a great spot.
And I think they're just going to continue to act as beta to the rest of the
market.
I feel you on that, man.
I feel you on that, man.
I think the only minor that I've really paid attention to has been iron, and I've got my bias for that.
And I guess for equities, right, there actually might be a little time period this quarter where equities might not really do much.
Maybe, gosh, I don't want to sound like a macro yapper here or whatever, but there is a possibility where like the S&P could just shoot up to 717,200 and then do nothing for like two, three months while crypto just rallies up like crazy.
And if we're talking four-year cycle stuff and all of that, dude, it's been three months since the top.
And when you get into that time period, BTC is like not – God, how do I put this into words? But it's like 35%, 40% below its all-time high, right?
Three months after the 2017 top, we were at like 10K, right?
I think 8K, 8 to 10K three months after that 2017 top.
to 10k three months after that 2017 top and then three months after the november 2021 top
we were sitting at like what was it three months of february we were at like 38k so
the drawdown from the top is quite substantial and at this point right you look at bitcoin bitcoin is only down like 25 uh from the top um now hopefully i'm
not saying this before like some big drop because of nfp but i just kind of doubt it to be honest
i i i really do i think bitcoin at this point it's just kind of like the S&P 500, to be frank.
So, yeah, and I think everyone's now looking at this jobs report that's coming in in a few days.
So it could just be priced in.
Everything is priced in.
Every single possibility. Another reason why I'm not worried about the numbers as of right now is because do we really think that the government gives a fuck at this point?
They literally just went into another country, kidnapped their president, and extradited him to the United States.
Like, you think they're not going to adjust some job numbers?
No, they're going to adjust some job numbers.
Probably, man.
Likely.
Likely.
And I think this is the first time where, like, you can actually see some recovery in the market after Trump and Melania coin.
Like, you're actually starting to see some some momentum shift uh in the market
and if i'm wrong okay cool all right like everyone's wrong at some point um it's just
like do you have the confidence to put your thoughts out there right and i've got my confidence
dude there's a ticker called river that's just been blasting off for months.
What is it? Explain it. What is it?
I have no idea, man. I just know that their lead investor was Arthur Hayes, and it's basically like a stable coin chain that's that's what it is it is it's a stable coin
chain um where you can do like defy stuff um that's kind of the gist of it right so it's like
a usable what stable wanted to be basically and and most importantly xpl and i am not sure who the hell is bidding this
thing man honestly there's always a bull market somewhere there's always a bull market somewhere
um you also have tokens like metadao also hitting all-time high. That's a token that we discussed here on the show in early Q4 of last year.
I haven't paid attention to that one in a minute, but that's basically the launchpad where things like Avisi launched,
which, man, that thing has just been in a downtrend for over a month now, man.
GM bank owners um i do think that one's probably going to go into price discovery at some point like it's it's one of the few products in crypto
that um actually work like it actually it actually works but um when we talk about all coins we're
not talking about multi-year holds man these are man. These are just momentum and time-based attention.
These are trades, people.
They're freaking trades.
Yeah, if I just talked Bitcoin every single day, dude, I think I'd honestly fall asleep, man.
I think I would legitimately fall asleep because, number one, the MSTR discussion like two years old at this point um actually no a year and
a half because like he really didn't start looping leverage like crazy until like q2 of uh may of
2024 which ultimately led to that huge blow off blow off top ish uh back during the election, which, man, what a time in the market.
That was incredible.
I understand that MSTR actually made a slightly higher high last summer, but the actual move from MSTR, like that blow-off top kind of structure,
didn't really start until late Q2, early Q3,
when Sailor was really, really, really hammering the leverage, man.
Hold on, give me one second.
No, you're good.
And I mean, MicroStrategy too, man, still looks awful.
Yeah.
I mean, dude, so bad.
The stock went up, like, 220, 230 percent in less than, like, 90 days
when Sailor really started to go crazy on leverage.
Taylor really started to go crazy on leverage.
And I think there are better plays out there, to be honest.
Yeah, I think Hood probably outperforms MSCR for a very long time.
Yeah, for a very, very, very, very long time.
Maybe until, like, Vlad walks away and just dumps all his equity probably
until uh until that point man um and if you look at hood it's basically like the tony hawk half
pipe pattern that is a that that is like the equity version of the half pipe into the tony
hawk 900 bobby can you post a half pipe chart twice a week with the 900
yeah yeah yeah i'll do that like i'll have max like do something and then i'll just
copy and paste tony hawk um like on the skateboard or something or maybe like
my pfp or something like that but um yeah i think i have i have a call with dynan i got a gun on that call
with him um in a few minutes and i don't really see uh anyone requesting to speak but i do think
later this week we're probably going to see some more people get back on the timeline start posting
and all that stuff and uh yeah i'm excited for what this year is going to bring, guys.
I do think there are going to be assets that go into price discovery.
I do think there's going to be a lot of generational buying opportunity because every dip is generational and all that stuff and whatever. But I do think there's going to be a lot of volatility in both directions, guys.
I do think there's gonna be a lot of volatility in both directions guys and
If you guys happen to be tuning in for the first time
You guys have enjoyed this conversation over the last
Hour plus feel free to give us a follow. My name is Wabi. I host market talk. I go live here throughout the week
Right around 3 30 p.m. ESC. But Prometheus is there anything else that you want to say before I
Wrap up the show here man no bro i'm just kind of uh excited for the beginning of the year i'm excited for you know for everybody and the opportunities that the markets are going to
present to us man it's gonna it should be awesome base man uh well guys thank you so much for
tuning in as i said feel free to give uh the because
bitcoin account a follow uh if you want to keep up with what we do here we go live 3 30 p.m est
and uh we app all things markets whether it's bitcoin alts lower time frame higher time frame
price action all that good stuff and uh usually we have a set panel of speakers here.
Usual speakers come in and out and all that stuff. But it is the start of a new year.
And usually going into a new year and the start,
it is a bit slow as far as like number of speakers and all that stuff.
People like to enjoy their lives until things get interesting to start off
the year.
And I think we're about to see that. This is a great first day of an actual week in the markets. First Monday of the year,
specifically, that's what I wanted to say. And as I said earlier, we got a few things coming up.
Trump announcing his selection for Fed chair.
And, man, I'm sure that's probably going to be something that blasts us off to 95, 96K.
And I think that'll just ignite more of the breadth that we've been seeing in these markets.
And it's time to win, man.
It is time to win. So the market's probably going to send some AI slop, to be honest, once again, to hundreds of millions.
Same thing with memes and all that stuff.
Return to tradition.
Believe in something.
Believe in something.
So guys, take care.
I'll see you all tomorrow at the same time.
And don't forget to check out some of our other content.
We have
a technical analysis centered show called Market Check. So if you guys are all into things,
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God bless you all.
Take care.
Bye-bye, y'all. you
it's been a bit silly, but still they try to see why something good can hurt so bad. Oh, wow. What the hell do you cry about?
You have to go to the other
Loving the love of all
What the hell do you cry about?
so many
so many Little love is rich, that you never pay.
The fighting is worth the love that says.
One love is the fire.
One love is the sky.
One love who's right and right. One heart has decided, one of you's flying out.
Till I've been trying, you'll be the light of love.
One of you's flying out.
and now you can't save your life Never does
One hour
One hour
One hour
One hour One love beats the fire, one heart beats the fire, one love who's crying now.
I love you for the cup. so .
Insights
P
