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Market Talk - CPI COMES IN HOT!BTC dips to 115k?! Is this a bear trap?
Recorded: July 15, 2025 Duration: 1:07:51Space Recording
Short Summary
The crypto market is poised for growth as major cryptocurrencies like Bitcoin and Ethereum lead the charge, with institutional interest in Ethereum signaling bullish trends. The upcoming Genius Act and favorable Fed policies are expected to further catalyze market expansion, while altcoins like Pengu show promising price movements.
Full Transcription
Thank you. Thank you. Thank you. Thank you. Thank you. I Thank you. Oh Thank you.んん
んん Thank you. so guys what is going on?
I hope you guys like that soundtrack, by the way.
It's from the new Superman movie.
And it's probably the greatest movie that I have ever seen in my entire life.
I recommend that each and every single one of you, if you guys want to tune into a movie that is not only filled with a positive message, but is also inspirational and motivational to really push every boundary
in your life by the most positive degree, I recommend you all watch it.
But man, I just want to thank you all so much for coming back to today's show.
Welcome back to Market Talk brought to you by Because of Bitcoin.
Welcome back to Market Talk, brought to you by Because of Bitcoin.
I'm your host, Wabi.
I'm your host, Wabi.
What a day.
Crypto market isn't really doing much, but we're taking a look at the equity markets.
Robinhood, over $100.
That is insane.
A 10x in less than 18 months in the equity markets is unreal, especially seeing something
that was trading at an evaluation of a shikoin
for those that don't know robin hood stock you might see it going near 85 bill market cap but
this thing was trading at the lows at seven bill six bill avax had a had a higher market cap
than robin hood which, which was ridiculous.
But now we're seeing some of those evaluations change.
And truly, there are some plays in the equity markets that are probably going to melt face
here, like IREN.
Now that you're seeing NVIDIA going into price discovery, which is something that I've been
alluding to over the last couple of months, when you start seeing Nvidia start to take charge relative to the other stocks in the Mag7, you start to see
Nvidia outperformance, you're going to see that trickle down into some of the beta, specifically
within things dealing with crypto.
And IREN is Bitcoin mining plus AI.
And I remember during the lows, I was like was like hey mstr probably has at least one huge
leg same thing with uh mstr beta and beta to mstr has usually been the miners but i'm not really
going to touch much into that i think ai is getting ready to absolutely melt face shout out to the
discord they got into some shit coins like ava at 30 mil. That's up almost 2x since that call.
Ray is close to getting into price discovery.
Bonk in terms of things dealing with other altcoins.
Bonk in the soul ecosystem has really been showing its moves despite the apparent story that Pump was going to steal liquidity from the market which i
never really understood that for whatever reason the crypto market participants at times they just
want to point a finger and be a skeptic on anything that actually produces revenue within the market
but then they'll dabble in shit coins with animal pfps
that don't really have much outside of reply guys and they don't have much runaway outside of dumping
tokens on the market but um it's funny because pump fun kind of does the same thing too but they
actually have a war chest uh in stables to pump the hell out of whatever they want to, to be frank.
And pump now got listed on spot.
It basically V-reversed from its initial low at just below 5 cents
while everybody was tweaking, saying that it's going to be down only.
And when the market, I realized that, or we could realize that whenever the market tends to prepare for the worst or prepare for the absolute best,
and there's consensus around that for a multitude of weeks, it ends up being the complete opposite.
And a good reference point would be going into the inauguration.
Everyone, including myself, was like, all right, we're going to put the pedal to the metal.
It's going to be incredibly fruitful.
And then Melania token comes out and then just slaps people across the face like, screw
your market.
Screw your market.
You guys are going to kingdom come.
But I mean, talking about that period with people in politics getting into crypto, we
have the Genius Act going into official recognition.
They're going to sign all the bills and all that stuff.
So I think we're probably being set up here for an echo bubble with what happened with the big, beautiful bill.
After that was signed, the entire market rallied like crazy.
So the Genius Act is probably going to set us up for one one more final leg in my opinion
to really set the tone for altcoins we're seeing majors lead we're seeing bitcoin lead we're seeing
eth lead we're seeing hype lead soul still kind of just hanging around there i think i think we're
going to need pump to actually pump like hell to get some attention off of that and for that liquidity to flow back into Seoul.
I do think I do think Firedancer should be coming out in Q4.
So the main thing is this market is really going to have to wait for things like quantitative tightening to end.
But we are seeing some similarities from prior cycles with majors leading and not so much all the shit coins going crazy.
I mean, outside of Pengu, which, again, shout out to the Discord for that one, man.
I think we got in at like 400 mil, 500 mil, and it's just been up only after that.
I forgot what I was going to say.
I think I just had a brain fart man donnie is this
what happens when people get too bullish they just start ranting and then they forget what they were
gonna say brother is that is that what happens man because it seems like that that's that's
happening to me anyways they just send it all higher is what's what i was gonna say but uh
outside of pengu i mean mog has been ripping face um say is getting its foot in the
door now that jump crypto is back to their dubious market making activities i'll go ahead and bring
louie up i see that he requested uh what else has been pumping guys that's like uh that's like a
high cap xrp that's right xrp my goodness
now that louis is up i think xrp is a 10 pump away from getting into price discovery i think that
actually might be one of the few one of the few things that has to happen before older retail
starts to pile back into the market and before it used to be ETH going into price discovery and I think that's what the market
actually needs we got to see ETH actually go above 4k and an equivalent to that would be
soul at 220 like imagine if soul just never crossed 220 never went close to 300 I think
that's a good comparison with ETH at 4k so ETH above above 4K, I think that'll send the beta up egregiously.
But right now, it just seems like ETH dominance is taking over
when it comes to majors.
So we got SE putting in some crazy moves coming up, in my opinion.
We got Pengu also moving up.
Shit like Ondo and all that other RWA stuff
just isn't really getting a move on.
If you already have something like Pengu or most of the supplies already onto the market,
I'm just not really sure what the narrative is to buy all this other RWA stuff,
which still has incoming supply onto the market, still has bags that KOLs need to unload.
So if most of the supply on a token isn't already out after the bear market
that we had in Q1, I'm just not sure about the relative outperformance against those that already
have a lot of the supply onto the market already. But either way, look, guys, that's my opening
statement. Equities are chatting and crypto sort of taking a
back seat maybe it's because of the cpi read that we had at 2.7 percent the highest reading that
we've had since february i'm not really i'm not really sure what to make of it to be honest i
think it's a distraction the biggest thing is the next Fed meeting, in my opinion, the next big Fed meeting.
You've got rumors that, well, not rumors anymore.
I'm pretty damn sure unless someone put out fake news, which is good.
Fake news is good.
Fake news is really good, especially if it's bullish propaganda.
Bullish propaganda.
If it's bullish propaganda, then I am all for fake news.
If it's bullish propaganda, then I am all for fake news.
But I think Scott Bessette said something along the lines of they're already looking for Jerome Powell's successor.
Or they already found him.
And that's going to be a giga dove, as Donnie likes to say it.
So they're probably going to slash rates by a full percent uh the moment that that person gets in so if pal's
going to cut one more time pal's probably going to be a bitch bro like pal's probably only going
to cut by like a quarter of a basis point or something like that but if this giga dove is
going to come in we're probably going to see rates i mean we, we're at like, what, four and a half percent. We're probably going to see rates below 3% by Q1 of next year. And I personally think that the S&P 500 is going
to 10,000 or close to 10,000 by the end of next year, early 2027. And that would be backed up
by at least two quarters of QE and ZERP happening.
I genuinely believe we're going to be at 0% interest rates by Q4 of next year, Q1 of 27.
And for those that don't believe that or think that it's skeptical to even use those words,
especially with what we've been going through over the last few
years. Do you guys remember 2017? The Fed was absolutely hawkish. They were raising rates,
taking off the balance sheet and all that stuff. And that was in the first and second quarter of
2017. And within two years, they were already igniting Q qe they made pal print money so this new guy is
probably going to print money in my opinion and what's that what donnie probably knows this because
i sometimes forget like the numbers and all that stuff but they want gdp at near seven percent or
something like that right it's not that they want it there. That's the number that they need to hit Yeah, so if they're gonna shoot for pro-growth we need to look at the last time
That Fed policy was a bit restrictive, but they were going for pro-growth and the only administration that we can recall
Going back to financial
going back to financial market history over the last hundred years is the the clinton administration
market history over the last hundred years
which was probably the best time ever to be in markets to be frank because all you had to do was
throw a dart at amazon stock anytime bezos would be on tv and just buy zero dte calls on microsoft on Microsoft. The market was that easy. But I believe rates were at 4% and GDP was pushing 7%
during the Clinton administration. And if we're seeing the same things pan out,
but we also have the back end of that being actual QE and ZerB, which Trump wants to lower rates aggressively and he wants to print
money, you're going to see an echo bubble of dot-com on steroids. So that probably means the
NASDAQ is going to above 30,000, which right now is the inflation-adjusted all-time high
relative to the high that we hit in March of 2000. NASDAQ Composite hit 5,000.
In March of 2000, inflation adjusted.
It's like six cents higher.
I mean, just take a look at the price of housing in early 2000.
It was a hell of a lot cheaper back then than it is right now. The price of food, airlines, just anything, anything was significantly cheaper back then.
So it's not out of the question that we can actually push for growth.
And growth is prices exceeding their inflation-adjusted all-time high.
But nonetheless, guys, that's my opening statement.
I want to apologize, by the way, for starting the spaces late.
I was actually on the Discord call.
I extended it a little bit more, and I completely forgot to hit post.
Usually with these spaces tweets, I usually make them in advance sometimes,
maybe like an hour, hour and a half before the spaces start.
I thought I had hit send, but I didn't.
I didn't even save
the tweet so ended up making it way too late and of course I had to let the
tweet cook for a little bit 10-15 minutes before I got the spaces started
but if you're here guys thank you thank you thank you so much for tuning in
whether you're here loosening live or you're listening to the recording or
you've been in and out of the spaces since we started i want to thank you all for coming through here but before we officially
get started with myself donnie louis and paulos if you guys can please go ahead and show some love
to the space the best way of course you guys already know the deal the best way to show some
love to the space your support to the space and all that good stuff is by doing a number of things which don't really take much time to do first thing
you guys want to do is click the spaces tab once you guys do that you click the
spaces tab you'll see all of our awesome pfps and then you'll see in a
cool little link in a box right a nice little box with the link that says x.com
slash I slash spaces you guys can do a number of things only
takes a few seconds guys go ahead and smash up the like button smash up the like button if you're
bullish smash up the repost button if you're bullish smash the like button if you're ready
for your bags to send smash the repost button if you're grateful to be here in this wonderful
market that we're blessed by god
to be in hit the like button hit the repost button helps out with the algorithm helps get
more eyes and ears to show helps bring more awareness to the brand and of course we'd all
be very much appreciative and i know you guys always do such a great job of that so we're
going to go ahead and uh cook for the next 45 minutes to an hour. Strap in, guys.
Prepare yourselves for exclusive information and content that you won't find anywhere else.
So without further ado, Donnie, here's the deal, man.
We pulled back to 115, 116.
But people are freaking out.
They're wondering, is my alt going to send?
What is going on? Was that the cycle cycle top have we been duped we're running around like headless chickens man what is going on what
is going on brother what's up wabi um yeah man that was that was a nice uh rally that we had to
123 and you guys didn't understand that's a very important rally that we did have, right?
If we didn't have that and we were trending a little bit lower,
it would literally be the exact same as now,
except we didn't clear up any of those shorts that we're trying to pile in at 120K
as that was a very clear, obvious level where a lot of people were piling in.
So we cleaned up a bunch of liquidity up there.
And now we're literally just having a pullback very similarly to...
I'll actually show the chart.
I just posted it this morning.
It's reminding me very much of the 112K high that we had,
which again, we broke the all-time high.
And we rejected down.
A lot of people started
fomo longing uh as we were approaching that 112k high now this fractal is a little bit confusing
so i'll try and break it down for the viewers so that first blue line uh on the right hand side
which is uh the prior example that 99.5k level triggered a lot of people to start entering in the Bitcoin chart
with leverage trying to catch this move, as that was the key upside level on the chart
to basically flip bullish. So again, you had lots of people flip bullish, enter late into the chart,
and those people need to be flushed out. So it's not surprising to get a pullback
once you deviate that high. Now, very similarly on the
left-hand side, which is the current setup. And again, this is a super low time frame fractal.
This is a two-hour chart on the left. So this can play out within, let's say, by the end of the week,
for example, or the start of next week, like a Monday open or something like that. The key level
for the upside break was obviously the all-time high,
which was 112K.
You came up to tag it a little bit.
You pulled back in that red zone
and then you smashed through it, right?
That's an all-time high break.
A lot of people actually trade that
and start entering long.
And we approached the key level
where tons of liquidity was resting around 120
and a bunch of shorts.
And we cleaned that up.
And now, as you can see,
you've got like a bunch of liquidity resting below,
which I've drawn with those dotted lines
and the red dollar sign,
very similarly to the right-hand side,
which you typically tend to clean up.
It's just a local pullback before you continue higher.
Now, how do you know you're going to continue higher?
Well, you just have to have the macro context
that we've discussed back to back on the show
for like the last three months.
So yeah yeah it's
all it's all looking good you're just having uh you know a slight consolidation here you know
below that 120k level and now i think when you do re-approach that 120k level because the order
book's much thinner it's going to be a lot easier to just push straight through i think you end the
month pretty strong uh probably above 130 if I had to give it a number,
but it could be as
late as the first week of August. Now,
they're throwing a bunch
of narratives as to why
we're experiencing a pullback and all this kind of stuff,
but I think
the narrative that's being
thrown is basically that the Genius Act
didn't go
through. I think they were short by like 22 votes
or something like that. So basically what they're going to have to do is make some revisions to
the bill that they were trying to pass and maybe run another few campaigns around it,
reframe it a little bit, or God knows what. But they're going to get it over the line just because
of the bigger picture around what they're setting up
as basically a new financial system with stablecoins
and everything that's packed around the setup that we have.
So that's kind of the narrative that they're tying to this pullback.
Again, I don't care about it.
I think they're going to get it over the line at some point,
and it's not like a make or break on the chart.
So yeah, that's kind of maybe a reason for the stall out.
But again, I'm not putting too much stock into that
because I believe that they will get it over the line.
The big picture is it's just too obvious
what they're basically trying to do.
So in terms of like old season and things like that,
I posted another chart yesterday.
It's basically an update of the gold fractal, which, as you guys know, gold leads BTC, tends to tag along with the rise of global liquidity, and Bitcoin follows by about a three-month lag.
behaves in this manner and BTC follows.
But all you need to know is that it's a very confluent chart
that you should keep your eyes on and not fade if it's playing out
very cleanly like how it's been playing out.
So I think I did already share it in the list just now.
We had the breakout similarly to gold when it had its bottoming zone.
It came up to that local peak just before the November elections.
And then you had basically a bunch of central banks,
including the Chinese central bank,
start loading up on gold throughout that period
in that bottoming zone and all the way through.
And as you can see,
BTC is following it very cleanly, to be honest.
And the only difference basically on these charts,
which I've covered a few times, is they have a very big market cap divergence,
meaning that gold is much higher in market cap,
BTC is much lower.
Therefore, BTC tends to have much more explosive movements
and obviously much larger upside and downside.
It's just a more volatile version of this.
So it can vary slightly and deviate from
obviously the pathing that gold has taken, but it's still directionally correct and can have
very similar price action with local pullbacks and things like that. So we have actually had
the breakout, which we were actually building a ton of liquidity above the recent highs that we were putting in, around 112,
19, 110, around there we're forming this flag.
And then we had that World War III shakeout and we finally broke through.
It was literally just the same fractal as gold, basically, except we're being held below the all-time high for a pretty large squeeze above, which we did get.
We came up to 123K.
That's a very significant level to have
come and tagged. But you can see on the
gold pathing, there's pullbacks.
There's pullbacks all the way through until
gold eventually had
that blow-off
top around 3.5k,
which BTC is still yet
to fulfill this timeline. It's still
got time to price in this
entire move, which we've done the
math of when gold started rallying from that bottom, the higher low that it put in all the
way to the peak was about 125 days. And if we take the April 8th bottom for BTC all the way through
125 days, similarly to gold, again, they can vary slightly. It can be a little bit shorter.
It can be a little bit longer,
but it's the same trajectory.
That takes us to about the 15th of August.
So I think the steepest part of the rally
is still yet to come.
And technically that's correct too as well
because we haven't had the key level break
on the chart where all the algos start firing again.
And clearly that level is somewhere around 120, 125
if we get a clean break
above that. So I think when we do come to that steepest part of the rally, BTC is actually just
going to form a similar sort of flagging pattern that it did. And actually, this is quite confluent
to the 74k range that we had in 2024, except I don't know if it's going to last that long, very well could if gold keeps trading sideways here, while DXY tries to basically form a trend to go lower, because right now it's
just like sitting around the high 90s, might even be pulling back to tag like 100, or maybe a little
bit above that, who knows, we have to wait and see. And gold, you know, does actually trade kind
of inversely to that or has been at the moment.
So if we get the DXY rolling over, it's likely that gold also starts to increase as that's kind of easing global financial conditions with the dollar going down, aka global liquidity will also trend higher.
So while it's forming this range, that's typically where you get your old season conditions materializing.
Again, I posted those old season triggers that I have, which is around 130k BTC, 0.03 ETH BTC,
3.4k ETH USD, and below 58% Bitcoin dominance. I think if you do have a spike up like this and go
much deeper into price discovery where things get very euphoric,
it could be 140, it could be 150, it could be all the way up to 182.
My target's 138 to 182.
We'll see how frothy we get.
We'll see if we get any surprise bullish catalysts that just fuel upside even more. But that range that it forms is where we can have those alt season conditions
for alts to just absolutely go crazy. With each bounce that
you get on the Bitcoin chart and actually each drop, with each drop, alt coins don't drop as
much, but with each bounce, they tend to put in blow off top after blow off top because you're so
deep into price discovery. There's rotations coming out of Bitcoin, going into ETH, the rest
of the market, things like that. So we need to see if those old season triggers actually do hit the ones i just mentioned
while we approach this uh high that we're about to put in and then throughout that range we can
monitor how hard btc dominance is rolling and if it's rugging super hard then yeah you know you're
an old season uh throw your money at anything pretty much and you're going to make you know a
lot of money especially if you've been holding from from the bottom a bunch of the tickers that
are really solid that will just go up with the broader market.
And that range, actually, it's seeming like, based off this fractal, again, give some deviation
to everything that I'm saying.
It could last all the way through to October, November, something like that, before we start
having another rally. And again, that's
likely going to be forecasted by gold and DXY. By the time we get to August 15th and go through
this range, gold and DXY will already be pricing in even more so that we can telegraph what's going to happen to BTC after 2025, for example.
But yeah, that range is, if we get something like this, that range is where you have the
absolute crazy euphoria in the altcoin market. So I think we have a crazy setup. We're still
yet to price in everything that I just discussed. And I think the best is yet to come. We'll just
see how high BTC goes. The higher it goes, obviously, the more bullish the rest of the market.
It looks good.
Donnie, what do you think of all this crazy buy that SBED and other institutions are doing to buy all this ETH, dude?
It's getting crazy.
It's like what BlackRock was doing in Q1 of last year when the BTC ETF went live.
It's like they know something that's
about to happen brother even have scott percent talking about three trillion market cap for
stable coins which is honestly alluding to ethereum going to like 30 000 40 000 yeah obviously we don't
know the timeline that he's uh projecting for that but he started off with projecting $1 trillion, and then he bumped it
up to $2 trillion, and now he's talking about $3.7 trillion. So the number just keeps going up.
I guess they're seeing a lot of potential for a proxy on their debt, for people to buy their debt.
Literally think about it like this. If you want a left-curve take, what they're setting up with
these rails is literally someone in Zimbabwe with an iPhone can by proxy purchase
US government debt if he wants to buy, you know, Firecoin, for example. That's literally how it's
going to work. If they're entering the space and buying stables, they're funding US government
debt by proxy. So it's a very, very strong financial weapon so they can keep their system
running. And obviously, they're wanting to push that you can clearly see
that. So yeah, take them by their word, because they've been projecting, they've been, they've
been telegraphing everything that they're doing publicly for you to know what's exactly happening.
So, you know, continue to take them by their word. And in terms of how quickly they can get
all of the stuff over the line, man, they're moving with speed, right? And it just keeps extending the timeline, right? All of the economic positive things that
they're trying to bring to the United States, all of this takes a lot of time to trickle through
the economy. They want to get rates down by 3%. If Powell doesn't leave, and he just starts
cutting, you know, very lightly, you know, 0.25 here, 0.25 at the next one, whatever.
I don't think they'll kick
him out for that or put a ton of pressure on him to slash them even harder. They'll just take those
cuts as they come and, you know, wait for his term to end or whatever and put someone new in.
That would actually be the most bullish outcome now that you mentioned the Fed earlier in the
stream. It's better if actually the most bullish setup from here would literally be if we get to this July FOMC and he essentially either has a very dovish tone in his voice talking about potential cuts coming up or cuts right there.
And from there, he just finishes his term.
Another cut may be somewhere else.
And by the time he's out, they can then prepare for the next dude
and all that kind of stuff.
It's a very smooth transition.
I think if he does abruptly leave
or whatever, something like that,
it could be a little bit shaky
in the immediate short term
which obviously that will be patched up
by the actual effects of putting someone
that's a gigadoven.
They'll just start slashing rates
that will unlock a ton of liquidity and all that kind of stuff but yeah i think the best path would be if he
just finishes his term and just starts uh cutting in the very near future and uh yeah it's just a
way smoother transition grant how are you doing brother how are you feeling about uh the recent
bitcoin that you bought a couple of weeks back man i think you're up what is it like 25 on those buys brother since uh you guys that um
a gc cap added in a btc onto your balance sheet man congrats bro and you bought that with size too
he bought the bottom when we were getting bulled up uh when we had the world war three fund
you remember that stream we did
is is he speaking right now no he's a listener getting bulled up when we had the World War III FUD. You remember that stream we did?
Is he speaking right now?
No, he's a listener.
Oh, okay.
It says speaker.
It says speaker on my end, and it shows that his mic is off.
Yeah, he got a really good entry there.
That was a good one.
Yeah.
Granted, if you're trying to speak,
I think the mic that you're using is having some issues,
or you're mobile.
Yeah, he's a listener now.
In the meantime, man, Paulus, what's going on, man?
Haven't heard from you in a minute, brother.
How are you?
Yeah, doing good. Good to chat again uh wabi and uh donnie and louie
um yeah i mean i'm i feel the same i feel you know we obviously had this major breakout
it's uh we still have to remember we're still kind of peak summer here where like usually historically, you know, the real, when, at least
when we're in a bull market, the real moves really happen closer to the end of the year. So
I was expecting that we will still deal with some chop around even with these bullish catalysts,
like as much as we're trending up, it kind of feels like we're like, you know, we make a couple moves and then we need to consolidate.
We need to, there's so much like leverage every time we make these moves.
intact and that we're not you know breaking structure to the downside which i'm not expecting
um then i think it's just going to get more constructive going into uh the next couple
months so i think the best thing to do is just like stay stay disciplined um stay patient and
hold on to the to your bags while while this move materializes and we see how high it's going to go.
And there's still so much bullish catalysts ahead of us.
So I'm excited.
I'm very excited.
Obviously.
Yeah.
We're not,
we're still not on the,
that stretch of on,
on chain season that we all want,
but what we're seeing is positive.
We want some of these majors to um make these moves
and that btc is showing clear strength and i think the rest will follow if we're just uh patient
enough is it just me our space is starting to rug now man yeah i i uh i was kicked out before
it actually it looked like everybody left and i was the only one in the room
to rejoin so it's definitely been quite sketchy i would say the last couple times
yeah probably because of that new companion thing that
elon added to to grok huh the dystopian yeah you need to you need to play nice with the anime uh
with the grok anime characters
yeah i'm not even sure what to think about that bro but i think it just speaks to how crazy this
ai bubble is going to get i wonder if open ai is actually going to ipo uh this year i think that
would that would either mark the start of the 1999 echo bubble or probably march of 2000s and
culminate to the ultimate blow off top for a while
I'm not even sure what their valuation is right now open AI
I'm pretty sure it's like 50 bill or something crazy
Sam Bankman freed had like 1% of
All the shares which is which is crazy to think about bro But the U S government holds 1% of the supply now, dude.
Yeah.
And, and he, and the U S government is, is a massive shareholder of Robin hood.
Cause I think SBF had like a couple of percent of the, of the issues shared.
So yeah.
Yeah.
SBF would be like right now out of jail if he were able to retain the equity that he had.
This guy's wealth would be completely insane.
I mean, he made a bet on Anthropic early on, made a bet on Robin Hood early on.
He's got open AI like he's he had uh you can say anything you want but he definitely
uh understood uh where the world was going
yeah yeah the downfall of men is oftentimes agreed but let's get some thoughts from louis
man we're uh close to an hour since we started the stream want to get some thoughts from louis man we're uh close to an hour since we
started the stream i want to get some thoughts from louis since uh he requested louis what's
going on man what are your thoughts on the conversation welcome bro what's going on
oh hang on let me plug your video let me plug your video man by the By the way, guys, since today is Tuesday, for those that want to catch
up to speed with what we're doing on YouTube every day, Monday through Friday, we have one of our
guys do a video on YouTube. So a couple of hours ago earlier today, Louie did his segment, Louie
Tuesday. So I put it up on the nest, guys. The title of the video is Bitcoin enters price discovery
Will Ethan alt follow feel free to check that video out guys
Just open up the spaces tab once you guys do that
Just look right above our profile pictures and you'll see the video pinned up top on the nest
So feel free to check that out guys and also feel free to follow our YouTube
We're gonna be posting a lot more stuff there.
So once again, throughout the week, Monday through Friday, we're going to be having one video for you guys with a BB analyst just talking shop about markets.
So engage, guys.
Hit the like button, comment, check out the video after the stream and all that good stuff.
But Louie, go ahead, man.
Back to you, bro.
Just wanted to plug your content on the space.
Yeah, thanks for that plug, Wabi. I also shared shared it to the space i didn't know you were doing it so
appreciate that but uh yeah but having fun with those videos it's good to uh have some recorded
content on there you know we usually do our live market check show we used to do it every day of
the week just kind of just spitballing um what we're seeing in the markets as analysts.
But now we only do that three days a week and we're putting out other video type content throughout the week.
And that's been fun. Also great timing with it. videos about four weeks ago. I do one once a week and pretty much was tracking Bitcoin off that,
you know, that scary drop. I don't remember the day now, but pretty much tracked that
consolidation we had at the highs and laid out the blueprint for what I thought was happening,
which was consolidation at the old all-time high um and we tracked that beautifully people that caught on to those videos uh likely
were able to execute off that information because since then we clearly have broken uh into price
discovery for bitcoin so we played that beautifully so that's always great when that works out. It doesn't always work out that way.
But yeah, I mean, just loving the environment we're in right now.
It's definitely a change of scenery than what we've been used to seeing.
But that's when the business should be done, right? When markets are crappy, not easy, you know, feels as if markets are never going to go back up again, specifically crypto.
In my experience, those are the best buying opportunities, right, or time to build.
And that's what we've been doing for the last two and a half years.
So, yeah, I really like what I'm seeing.
Obviously, seeing some local pullback on Bitcoin, totally normal, makes sense.
It went on a 15% run in just under a week.
We're going to continue to get more pullbacks along the way. But what I do really like,
like Bobby said today, not a super exciting day in crypto, but I did notice some things that I
was looking for and something we could pull some value out of even a boring day like today is how altcoins react when Bitcoin put in its pullback after its break into price discovery.
into price discovery. Because something I picked up on last cycle and what I think is very true
and important to understand is that flow of liquidity from Bitcoin to altcoins and that
flow of dominance from Bitcoin to altcoins, it's been the Bitcoin show for the last two years.
And sure, we've had instances where short periods of time where
altcoins have gone on runs, but not the totality of the market. And you had one-off tokens here and
there doing well, but we haven't really seen the altcoin market as a whole rally together.
But what I was looking for was when we started getting this pullback
on Bitcoin last night, I was really interested to see how altcoins would react once that pullback
kind of settled down. And what I saw was great, right? And exactly what I was looking for,
because when Bitcoin pulled back last night,
obviously, the initial pullback, you know, causes all coins to also pull back. But what I noticed
was, and what I was looking for, was once Bitcoin pretty much started to range or consolidate and
chop around here, which it's been doing kind of all day today um you began i began to see
you know high to mid cap all coins starting to put in continuation moves right uh so as you know
locally bitcoin was making a lower low this morning um you had some high to make up hit mid-cap altcoins and even ETH making new local highs, right?
And that right there is a big, big signal for me, right?
That tells me altcoins are taking back dominance.
And what I like to look for in a healthy altcoin bull run
is during these Bitcoin consolidations, right?
Bitcoin, you know, Bitcoin's still the leader, right?
So Bitcoin goes up.
What you want to see is Bitcoin go up, E follow, and then all coins begin to follow.
But more specifically, when Bitcoin does kind of cool off, right, like after this 15% run that we just had this breakout and consolidates, what you want to look for is altcoins starting to play catch up. And instead of pulling back with Bitcoin like it normally does,
and like we've normally seen over the last two years,
start to lead Bitcoin out of these pullbacks and start to go on their own run
and start to continue well before Bitcoin kind of finishes its consolidation.
And that's exactly what we've seen today.
And I think that's super, super bullish for altcoins.
I think it's a healthy, healthy sign of a true altcoin bull run.
So seeing these altcoins kind of taking the lead,
seeing these altcoins kind of taking the lead.
And while Bitcoin's consolidating,
starting to push higher and make continuation moves
while Bitcoin's kind of diddling around is a great sign, right?
And very telling of where we are in the market cycle,
where I believe whether it's the last phase
whether it's the last phase or the beginning of a larger phase, I don't know. We don't really know
or the beginning of a larger phase, I don't know.
We don't really know yet.
yet. But it's the phase where Bitcoin still does well, but a lot of the market share and dominance
flows back into the altcoin market. And you see that euphoric, exciting times in the market,
which is pretty much altcoin season or whatever you want to call it,
how it's going to look this cycle, I don't know, could be different, right? You know,
we have a large sum of different type of all coins in the market nowadays than we're used
to seeing in these cycles. But another point was, it was the tokens that I saw running, right?
You know, we had some meme coins move today,
but what I really noticed was it's a lot of these high mid to mid cap utility tokens, right?
Another good sign, right?
In my opinion, you want to see
these quote unquote utility tokens move first, right?
The higher cap stuff, the mid cap stuff
should move technically in theory, move first,
and then money should continue to trickle down the risk risk curve and then you see memes start to go crazy so liking liking the price
action i've seen uh out of all coins today while bitcoin was consolidating and also like which
specific tokens were making those moves um and just another testament and another box to check
for me that's signaling that you know we are we are entering the altcoin phase of the market.
So really exciting times ahead.
I'm super excited.
We've done a ton of hard work making it through these last couple of years.
They have not been easy.
If you're still here, congrats.
Your hard work and your persistence and patience will pay off.
I'm just excited for the times ahead. I think we have at minimum three to six months worth of
price appreciation for the crypto asset class as a whole.
18 months.
18 months.
Maybe.
Maybe.
I'm not going to count it out.
We have different players in the market now.
We're dealing with a whole new infrastructure of this market.
Louis, let me ask you a question, man.
I don't think you've ever been asked this question, dude,
but how did you get into crypto?
How did you find out about it and what made you stick around and all that stuff?
Let's get a Louis background story, man.
The people need to hear it.
You're going to like this one, Wabi.
I was told about XRP in 2018 at the top of the market.
I think I was buying XRP in 2018 around like $2.80.
Obviously, brand new to investing, fresh out of college, didn't really know what I was doing.
But I was always interested in investing. Pretty much skipped over the stock market,
went right into crypto. And although I was obviously buying the top of XRP,
crypto. And although I was obviously buying the top of XRP, I began to learn about crypto,
blockchain, Bitcoin, the fiat money system, how money works, inflation. And I just never
left. I just continued to deep dive down into that rabbit hole and continued to DCA. And although I was buying the top originally,
DCAing that XRP and also Bitcoin at the time, Cardano, all that stuff, all the way from 2018
through 2020, and eventually had a great 2021 bull run. Obviously, that was my first full bear to bull cycle. So obviously,
could have capitalized better on that bull run selling the top. I did get to sell near the top,
like I sold all my Bitcoin around 50k. So that was actually a win. Looking back, sold a lot of
my ETH, kind of right where we are now at 3k back in 2021 which is pretty crazy um and all that stuff um but then
at that point i i knew a lot about crypto but i didn't know a lot about the charting side the
analyst side and i was kind of dependent on a lot of these big name youtubers to try to
to have to tell me what the market was going to do and And kind of when I got burned on that 2021 high,
I promised myself that I would never be dependent on one or a group of people to kind of tell me
what the markets are going to do. I was going to figure it out myself and be able to figure that
out on my own and do my own thing. And since then had just been nonstop grinding
and self-teaching myself, you know, technical analysis, price action, you know, classical
sharding, as well as crypto cycles and everything. And here we are today. I now work in the space
almost full time and starting to build a following and help people the way I
want it to be helped back in 2021.
Let's go, dude. How about you, Paulos? How did you get into crypto?
I got a jet. Sorry to cut you off. I got a jet.
Sorry guys. Can you hear me? Thanks can you hear me i'll talk to you
guys later yeah so um wabi basically when crypto kitties came out i had a friend that uh like showed it to me and he was actually an engineer and he actually built a nft project
around that time called the crypto strikers which was like right after crypto kitties
and it was a nft project that was related to the world cup that year where you could um crack like a pack of
digital cards that had like these different soccer players and uh you could get a rare one
etc and in these days like it was still fairly clunky and new um and, that's when I discovered Ethereum.
Um, and then I kind of got caught up in, in kind of the NFT bull that followed that.
Uh, that was my, that was my first intro. And honestly, the funny thing looking back was that I had heard about Bitcoin way before
and I kind of ignored it because the concept just seemed very uh it just didn't
seem compelling in my head at that time like this like digital currency thing but with ethereum
the whole like programmable uh money and like when I start to see kind of like, yeah, like the different assets that you could tokenize, it just like something clicked in those days.
I think Ethereum was under a hundred bucks in those days.
So, you know, but I wasn't accumulating any large size in those days.
days i didn't have that much so but that was yeah my my kind of intro and then after nfts i started
I didn't have that much.
So, but that was, yeah, my kind of intro.
to kind of really lock in on on just trading and investing and um yeah went through uh all the
different types of manias that we had from defy to uh meme coins to AI and the crazy ride that we've had in crypto since.
I feel you, man.
I thought I might ask that question because we've been talking shop for so long.
I never really like you never really know how someone got into crypto until you ask
a question.
You know, you just kind of meet people on spaces on the timeline and just hit it off from there and in no other industry can you meet
someone on the timeline and just like feel like you've known that for some for some time right
like if you knew someone who blew up on luna you'd say damn dude i got blown up on luna too
and you bond over trauma you bond over uh over or good times, right? Like if you rode something
like Cardano from two cents to three bucks, you're like, damn, that was a wild ride.
Yeah. People who have been here for multiple cycles, it's always comical to have these stories
that you can share because everyone has like one or two like crazy stories
whether they like rode like uh axie infinity to like seven figures and like literally round trip
the whole thing or like everyone has that one or two stories or a friend that had something like
that happen and uh that's what the beauty also with crypto is just like,
there's literally opportunities every single year in this space
if you really pay attention and, you know, connect with the right people.
And it's truly like incredible just like what an industry it's become and it's like built basically by normies in a
sense and that's what I love about it just how accessible it is to anybody you know sometimes
you jump on these spaces you have people from you know every country and continent you can imagine that it has the same opportunities,
um, as, you know, if you live in, in a first world country with, with, you know, a great
economy and, and GDP. So like, it's, it's truly amazing. Like what, uh, what, what,
and, and I think that's why it's so like, we need to be grateful for,
for these opportunities and that we make the space just better year on year.
You know what reminds me of Axie, dude?
Ava.
Axie started off as a little play-to-form game.
People use a product, and now people are using ava you have huge profiles making these ai videos which
honestly slap grok and vo3 across the face these crypto ai projects even though they might be
a bit new compared to some of these other teams like open ai the rate of shipping is incredible
man it's incredible so that's my bet on that same thing
with ray i think where game five was last cycle like all the gaming nft shit that's ai this cycle
yeah it's a niche it's like a niche sector that everyone knows about but few are scared to go
into like last cycle everyone was so complacent getting into getting into nfts and
gamefi stuff because they were already used to defy they're like no i'm not selling my my chain
link i'm not selling my chain link or my synthetics or my ave for this gaming stuff you know and now
it's kind of like inverted right now everyone wants to be
in the memes and all that stuff but not in anything that has any sort of serious narrative
that's beta to tradify like if you're seeing nvidia chat up like crazy why aren't why aren't
you buying anything that's related to ai yeah is what i asked myself if last cycle the equity markets had meme stocks
going up like crazy and of course we had doge running like crazy shib running like crazy
floki running like crazy then you also had that massive tesla rally which coincided with l1s going crazy avax luna all that stuff you got to follow what tradfi
is doing because all crypto is is a a huge huge huge beta rocket to to equities i agree um one speaking of AI kind of sub sector that I've been keeping an eye on is this DEAI
so I actually have this thesis that like that is gonna come around in the next
like 12 months at some point so there's a couple teams working on some insane protocols.
Are you talking about like Anon, like that stuff?
No, more like Prime Intellect, Ambient, New,
there's no tokens out yet.
These tokens are going to be coming out over like I'd say in the next year.
But I've been keeping an eye on these teams i'll i'll send uh send some your way and we can um also post some uh in the nest next time but
um the these teams are working on so tau obviously is kind of like the leader right now in like
decentralized ai but there are other teams that are doing other things in that same
sector that are insanely advanced in where they're at in terms of being able to train these models in
a decentralized way and then leveraging the blockchain for rewarding those who are training
these models. So like, and there's obviously always going to be like fluff when you're going
through that stuff, but there's a couple of teams that are extremely serious that are backed by very serious angels and VCs that are really working hard on implementing this like within crypto. I have a theory that like, for sure, you're going to have the Ava's and like those more consumer app type projects that will definitely run.
But I think this, remember I told you last time I was like the next AI wave, I think is just going to be a bit different.
And I think that's one sector that will like take off at some point.
And it's going to have more substance than just like Chai GPT rappers.
Well, guys, I think now's a great time to wrap up the stream.
We've been streaming for about an hour, 10 minutes, hour 15 minutes,
which is usually the sweet spot. We got a lot of alpha coverage today. So I want to thank you all so,
so very much for tuning into today's show. In case you want to, you guys want to keep up with
what we do here, feel free to give us a follow. We host live shows throughout the week. We have
a morning show called Market Check. Usual start time is between 11 a.m. 11 15 a.m est the show is usually hosted by some of
our bb analysts some of the guys that we have here at because bitcoin we show charts all that good
stuff we interact with the live audience they're a really colorful bench and talking about um
talking about charts and all that stuff we do have our own trading terminal you can pull up
super charts and all that stuff and we will be able to have on-chain order execution and feel
free to check that out up on the nest guys feel free to follow and you can also check out our new
dgen section i posted some links above up on the Nest, guys. We've been working on this product for almost two years now.
So eventually this will become a DEX.
So that's going to be pretty sick, guys.
We should have some teasers coming out.
And if you guys want to check out our Inner Circle Alpha group,
we have links to that in our bio.
We host multiple private live streams
in the group as well, twice a day, one at 9.15 a.m. EST, the other at 3.30 p.m. EST. Live Q&A and all
that stuff. We go over charting and all that stuff. And then getting back to the show plug
that I was giving, then our afternoon show is Market Talk hosted by me, Wabi. Usually,
noon show is market talk hosted by me wabi usually Monday through Friday
usual start time is between 4 20 p.m. EST to 4 45 p.m. EST both shows usually
go on for about an hour hour and a half so feel free to give us a follow spaces
are recorded as always and also just as important feel free to follow all of our
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Excuse me.
I'm on a bit of a tongue twister here.
Apologies guys.
And, uh, yeah, I just want to say thank you all so much for tuning into the space today. going on excuse me i'm on a bit of a tongue twister here apologies guys and uh yeah i just
want to say thank you all so much for tuning into the space today we'll be back tomorrow usual time
so guys take care god bless you all donnie paulos thank you so much for uh coming on the show today
it's been um it's been a pleasure thank you thank you Thank you. Thank you, man. Great show from the panel and appreciate all the love and support. Thank you, Louis, for also coming on. Feel free to check out his video that he did for the YouTube channel up above on the nest. So guys, take care. God bless you all. Feel free to follow us. We recently crossed 33K followers. It's been quite the journey over the last few years. Two years ago, we barely crossed 10k and now we're uh pushing 30 plus
so thank you thank you thank you we appreciate all the love and support and uh take care guys
be careful out there don't get squeezed on the leverage or anything like that
spot and hold always wins in a bull market so take care guys. Appreciate you all. Bye
