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Market Talk- HUGE VOLATILITY INCOMING FOR CRYPTO AND STOCKS?!
Recorded: Feb. 27, 2026 Duration: 1:19:19Space Recording
Full Transcription
Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. . Oh, yeah. Oh
Break your back Oh What? Oh, man. We are all you All you All you
All you
You're wrong
Yeah
Dying
All the way
Dying
All the skies
And the skies
All the feet of your toe And the power of the road Oh, this is guys! Guys! Oh, this is a new show.
Now I'm a rose.
Just kidding.
Guys!
Hey, guys!
Look!
Look!
Oh, this is a new show.
Oh, my God.
Oh, my God.
Oh, my God. Oh, my God. so
Music All right. Thank you. Music Music
Music
Music
Music
Music
Music Music Music Music Music Music Music We'll be right back. Oh Here we go. Yeah. Yo, what's going on guys welcome welcome welcome i hope you're all having a fantastic and beautiful
end to your work week or maybe it's saturday for you guys but either way welcome welcome i hope
you're all doing okay welcome back to market talk brought to you by BB. My name's Wabi.
And we're going to yap not too much, but we're going to go ahead and cook for you guys today.
I'm going to be having some of our usual speakers later on for today's show.
Going to be having Knock On and Small Cap Sniper later on, probably in the next like 10 15 minutes after i give uh my intro but anyways on fridays you guys know i like to bring uh some of you guys from the community up on stage
if you guys want to talk markets ask any questions maybe there's something that you're seeing in the
market that we haven't uh been discussing here on these shows so if you'd like guys you guys can go ahead and request and
i'll bring you right on up and uh man this entire week we have had such incredible shows banger
after banger after banger these shows have been lasting like three to six hours every single day
lately and uh just want to thank you guys for supporting the show whether you guys
listen to the show while it's streaming or you guys are listening to the recording thank you
thank you your uh support is truly incredible guys and um honestly i uh hope we can keep the
momentum especially with uh the market acting like this you have so much volatility despite us being
in such a tight range i mean you now have uh bitcoin's volatility back to three to six percent
daily moves we also have the s p and also the nasdaq having incredible volatility as well
and uh we also have the nikai the japanese stock market closing in
at new all-time highs the korean stock market as well has been doing great so it's strange when you
have the american indices not really doing much outside of being in a range but you have broader
markets doing tremendously well tremendously well you also have em putting in a range but you have broader markets doing tremendously well tremendously well you also have
em putting in a nice weekly close as well coca-cola stock also closing in at uh at 52 week
highs and it's odd right you you guys take a look at things like coca-cola and some other consumer
staples that we've been talking here on the show. And over the last couple of weeks since the year started, they've been drastically outperforming crypto.
So it's kind of an asset picker's market so far in the year.
It's not like everything has been going down or just consolidating and not really offering much price action outside of people that like to scalp.
And in crypto lands, absolutely nothing has been going on today compared to yesterday.
I think it's just more pullback.
Solana really rejected hard off of $90, $91, depending on what exchange you're looking at.
And it's probably going to be in a range for some time.
Axiom got thrown under the bus.
Probably going to affect Solana price action,
but not as much as people thought it would
as far as the expose that ZachXBT made.
You would have thought that that article
would have sent Sol down to Hades,
but it's kind of like Solana is just in this
weird limbo between call it 70 to 85 dollars it's probably going to take something big to
make it break out to the upside of the downside and continue its higher time frame range whether
it bottomed at a 67 or 67 is a pit stop before its ultimate bottom.
But the equity markets are offering a lot more opportunity than the crypto market.
And that's kind of something that I like to share here on the show, as I've been sharing
probably for the last year and a half, almost two years, that if you're in crypto and you've been here for
a couple of years now, you could find some opportunity in the equity markets that will,
frankly, surprise you. A name that we discussed here on the show back in November was Sandisk.
And that was a pretty good trade. That like a 300 move and there weren't really
many plays in crypto that you could size into to have a liquid 3x outside of your
outside of your on-chain shitters which i mean on-chain is still quite abysmal. You had that monkey coin punch top out at like 40 milish.
Didn't even cross 50.
And it's the most viral thing on the internet.
Probably more than the penguin.
Probably more than the penguin.
I think they were selling plushies for Punch and the toy that Punch has in Ikea.
And those things are selling out.
Those things are selling out more than LaBooBoo's were last year.
I'm sure a lot of you guys remember that trend with LaBooBoo's.
And those things are not as rare as they used to be.
And now that's transferred over to Punch and the punch plushy and all that stuff and you gotta
ask yourself like how long is it gonna take for the market to recover from this
and I would say probably until probably until the summertime people are
withdrawing from crypto there people are saying that the real alt season is in private markets,
which is honestly ridiculous to say because the common man is not going to ever have any position in private markets
unless they work with a VC or their credit investor what-have-you the real old
season all season 2017 compared to 2021 is almost night and day the market was
much much much smaller so just looking back at previous cycles is just gonna
destroy you in the end honestly and we just have to look ahead and just see
what's in front of us and just see what's in front
of us right now. And what's in front of us right now is a market that frankly is trying to heal
itself after, I would say after like a year and a half of, of extraction, I would say after a year
and a half, almost two years of, of pure extraction. Um, anytime any of these coins on chain would hit a billion, two billion,
three billion, they would just get extracted and they would just go into this euthanasia roller
coaster and fractals would start being shared on the timeline. And have the saying when the fractals start coming out for some of these
newer coins it's over it's just completely cooked and done for and i think when people were comparing
tokens to neo or luna um from tokens this cycle compared to last cycle with Fractals,
it was just completely over.
Comparing things to SHIB, it's a completely different market,
completely different environment.
2021, you had QE and ZERP in 2020 as well.
And comparing things now to things that were launching in 2024,
leading into the election, it's kind of the same thing.
All those tokens were running off of the cocktails of an environment that was purely risk-on,
where if you weren't allocated in markets, like, what the hell were you doing with your money?
Outside of losing money on your dollar, right?
The dollar was losing purchasing power to a rapid extent.
Anytime markets are risked on, the dollar is just getting absolutely cucked.
And there's not really a catalyst right now, but we all know the saying, right?
History doesn't repeat itself, but it often rhymes.
but it often rhymes.
And in 2023, there wasn't really a catalyst
up until late Q4 when the halving narrative started,
the ETF narrative started.
And I would say we're probably going to have to wait
until the halving.
I would say until the halving.
That's when we see that rapid liquidity come back.
People are trying to start up all
these crazy narratives for an incoming up only season and it's just not like that right now i
think the market really really really needs to heal and you gotta you gotta ask yourself what happens to crypto once the S&P has its usual 10%, 12% correction, as it does every single year.
Even after a bear market, on the way up, it has 10%, 15% corrections.
Happened in 2023, happened in 2024, happened in 2025.
2025 was an anomaly.
You had tariffs, and that was honestly frightening for
for for everyone um and you don't really need some scary narrative man i i really don't there
are things with iran whatever happens with that um there's always going to be some sort of war
foot honestly there's always going to be something sort of war foot, honestly. There's always going to be something that spells imminent doom.
And honestly, I think everyone can agree that fear and doom,
those are things that always sell.
And if you guys have tuned into these spaces over the last few days,
you'll know some of the characters that have come on
that they just love to share and spread doom.
That Bitcoin's never coming back.
There's never going to be an alt season.
That it's actually over.
And every few years you have that narrative, not only in crypto, but also in the equity market.
During Trump's first term, you had the taper tantrum in late 2018. Don't even get me started with COVID. Who the hell is going to buy stocks, blah, blah, blah.
It was a Fugazi. You had many people thinking that Europe was going to freeze and that CPI was going to go to like 30 percent and how we'd be buying $30 per pound chicken breasts at Walmart. and all of that stuff. And 2022, man, was truly something else.
And all that stuff just got put into a grinding halt
once Biden signed the CHIPS Act.
And CPI started being reported month over month,
year over year, less and less and less.
And that was the end of that narrative.
And now it's like you have so many
narratives as far as doom and fear go and honestly I don't really see us going down 20% maybe a small
10-15% correction and um just have to admit that Trump has a way of pumping the market, and I just don'tana and Hype to buy alts to play on chain.
Because if you don't really pay attention to majors and what they're doing, then you're just going to be in the casino playing these strange rotations that top out at five to ten mil and if you're lucky if you're really lucky
plays that top out at like 25 to 30 mil um you have things in ai going absolutely ballistic
with open claw and clod and all that stuff um and there is no bet to put on here in the market
outside of these dead cat bounces on names that i unfortunately enjoy like virtuals
if all this stuff was happening last year virtuals would would probably be in price discovery right now. Ethereum would probably be
in price discovery right now. But fortunately, and I hate to say it, but due to the events that
happened on October 10th of last year and also February 5th of this year, the flows just aren't
there. And a lot of people are leaving the market very slowly very slowly which it's
kind of it's kind of painful but the crypto market goes through these periods um every year really
we saw mass exodus in q1 of last year we saw mass exodus during the summer of 2024 um and i'm sure you guys remember that
trend as well the summer of 2024 if you did not trade four or five tickers on solana you did
nothing if you didn't trade billy or retardio or giga or smoking chicken fish your summer for upside and crypto in 2024 was ass
there was nothing to do on base nothing to do in mainnet definitely nothing to do on avax
or anywhere else it was just a range a shitty range And now we're kind of in the same predicament, but there's no clear signal.
It's just these random tickers that pop up and disappear left and right when there's a narrative going on because people just, they're waiting for this magical next runner.
just they're waiting for this magical next runner but how can you wait for this magical
this magical next runner when people are just exhausted people are exhausted due to the apathy
and the way markets topped out last year and i'm sorry if i'm sounding quite doomerish or anything like that or just a lack of energy but when you have earnings
big tech earnings and the market just fails with follow-through and you're just kind of seeing the
same thing that we've been seeing with broader markets destroying uh american indices and
crypto isn't doing anything despite previous trends stating, hey, when you at least see
the Asian indices do well, crypto does well, and you're not seeing that, then obviously you can
say that, all right, something broke, you need some time. And in crypto, people have a lack of respecting time.
And what I mean by that is this.
Q4 2024, we saw a ton of runners running from October all the way to early January.
And Trump and Melania coin and all that crap happened.
And we had to wait a couple of months until the next runners came out.
One of them being KTA, that one of our guys shouted out,
you had to wait a good three months for the next runner to come on chain.
And if you want to call February 5th kind of like an echo bubble of 10-10,
then I would say probably after Powell leaves and we see the war
stump we're probably gonna see some of these on-chain runners come back at some
point but right now it's kind of like PvP hell and the people in control of the
flows whether it's Meteora whether it's pump fun or, God forbid, Bonk and World Liberty 5, the one of the worst teams in this entire space, man.
If there are, if I had to make a decision as far as like what team I would be comfortable with and not seeing any participation from them in the crypto market it would probably be bonk fun and world
liberty five like some of the most extractive teams i have ever seen at least pump has sent
things to hundreds of millions of dollars man at the very least at the very least things that
have launched on pump fun have gone to hundreds of millions and billions.
But I don't want to flood too much, man.
But I just think that the few remaining key players that can direct flows and hype and volume and all that stuff, they're just they're throwing stones at glass houses.
And eventually that just results in in people selling their their spot
01 tokens they're like you know what i'm just gonna sell my soul not my like my actual soul
but like i'm just gonna sell my solana um and bass is turning into a show as well
um some of the names that i like like ray are are probably capped out as far as where they can go at this current juncture because it's effectively clear that Coinbase does not really care about base and they don't know the direction that they want to go in.
And honestly, if they want to try to copy Hyperliquid, I think they're going to fail miserably.
Brian Armstrong has dropped the ball his earnings
call was absolute garbage he lost money in q4 which i don't i really don't understand how
i really don't understand how like uh any crypto company would lose money in q4 of last year when
volume was insane um most exchanges, they make money on volume.
And volume in the market was pretty hot.
It was pretty hot.
So I think he dropped the ball and base was good enough as it was.
But that's my take on that.
I see I got Naka on the stage.
We're going to have small Cap Sniper come in later, probably like 430, 445.
But before I pass it on over to Naka, guys, if you guys can go ahead, show some love to the space, show some love to the stream.
Best way to do that, guys, is by clicking the Spaces tab.
best way to do that guys is by clicking the spaces tab once you guys do that you'll see uh right
above our profile pictures that nice little link on the box that says x.com slash i slash spaces
hit up the like button hit up the retweet button helps bring the show more out into the algorithm
brings more brand awareness and all that stuff brings brings more people in here. And as always, guys, on Fridays, really this entire week, I've wanted to have more of you
guys that tune into these shows come up and talk some shop. And some of you guys have actually
done that. So if any of you guys are interested in talking some shop with us, you guys can click
the request button. It's going to be to the bottom left
feel free to ask questions even though i don't really like them um or maybe there's something
in the market that i'm not seeing or anybody that has been up on these panels are seeing the reason
why i the reason why i say like i don't really like just blank questions is because questions
honestly they don't really have much depth to conversation. And quite frankly, I hate interviews, man.
And I despise giving interviews as well.
I like having conversations.
But spaces are recorded as always.
And please do yourselves a favor, guys,
and listen to the recordings that we've had
on these spaces this week,
specifically the Wednesday space.
That was insane, man you had george noble going
absolutely crazy a few other people as well man um these spaces always get lively and entertaining
not when we go to the upside of the downside but more so when there's a ton of volatility
that's when these shows get insanely hot, man.
Without further ado, the man of the hour,
the legend himself, man.
Naka, what's going on, bro?
I know you're going to start off asking
the question
that you like asking every time
you're up here, bro. What's up, man?
Good evening.
Good evening, my little
D-gens. How's the bull market going
well it's going to remember brother i i hope i hope everyone's enjoying the bull market i mean
seriously though i think i i do think we are mostly reaching a point of acceptance, although, you know, you say that, but I was on, uh, I was browsing the Twitter
timeline a couple of, maybe like half an hour ago.
And I saw some fucking trad fi gray beard saying that like, this is definitely
the boss of them.
We're going to make new all time highs this year.
So I'm like, no, you know, even though the the part of ct that i hang out in is probably a little bit ahead of the curve of
where of where the average market participant is i think there are a lot of people who have got
themselves um they've got themselves into a state where they think because Bitcoin has great fundamentals, that means it has to go up right now.
And that's just not how it works.
I basically said on last basis that I think we're in for a period of chop.
I look at the charts today and, you know, Bitcoin has, you know, chopped to to the downside people are screaming that it's
manipulation you know jane street you know like the jeets from jane street have uh manipulated
the coin down but it's just like you know it's just a bear market guys don't don't blame jeet
street for the bear market um Yeah, 65.6.
I mean, you know, price action over the past month.
Since about February the 5th, the price has gone absolutely nowhere.
You can find the same price we have today on February the 5th.
So we've had a whole month and price has gone nowhere.
And whilst price goes nowhere in a macro downtrend that allows your
oscillators to reset, which gets us ready for the next leg down.
And I mean, that's, that's really all there is to it.
In my opinion, I think, I think another leg down is coming, but it's not
going to come for a while.
In my opinion, I think it probably needs to wait until mid to late March.
So enjoy the chop guys come to spaces, you know,
like come support Wabi and because Bitcoin and just chill out.
And, you know, it is probably going lower though.
So probably like summer of 2022 type vibe you would
say um it's similar to that at the moment it's probably not exactly the same because we're not
so so number one we haven't really seen trad fi capitulate yet but i think track i think the next
thing that's about to get really wrecked is TradFi if you look at the
NASDAQ it's putting in
a pretty serious
topping pattern at the moment
and it's going to dump
I think the NASDAQ is going to dump
how much would you say man?
$5.50 for the QQQ.
How much would you say, Naka?
As far as the... Oh, there he is.
because they just don't let it go down that much nowadays.
But I think it's overdue for it.
Yeah.
Prometheus, was there market check today, man?
Or was there no market check today?
I believe there was.
I wasn't on there today.
Did we not have it today?
No, I went over to the YouTube to listen to the replay,
and there was no stream.
Well, that's weird.
I mean, I know we have a lot going on in regards to the back end with uh some like
things we've been working on so maybe everybody was busy today i i for sure maybe maybe maybe the
maybe the bears stole your uh stole your market check you know they they're like that the bears
right you know when they when they sniff something out that the ball has left out, you know,
and they're like, I'll just leave this little picnic basket here with a market check in it.
You know, Yogi Bear comes and, you know, off he goes with it, right?
That's what happens in a bear market.
A lot of people have had that happen to their life savings.
He left his basket.
He left his basket.
Panaka, have you met Tommy?
I think Tommy's
enough for the entire market
to enjoy a little bit.
He's literally
like Tommy is literally
Mr. Market Check, dude.
He is Mr. Market Check.
It's been three years
of the classic intro, man.
It's the most consistent
intro ever, man, of the classic intro, man. You know, like, it's the most consistent intro ever, man.
You know?
It's like...
Market Check without Tommy is like...
It's like WWE without Vince McMahon.
It's just...
It's just not the same, dude.
You know?
It's just...
It's just...
Not.
Prometheus, why do you think Asia is still outperforming America, man?
Why do you think that is?
Like, the Nikkei is closing at record all-time highs.
The Korean stock market, as well, has been doing great, as well.
as well has been doing great as well.
It's up like 50% year to date,
and it's closing at 52-week highs,
which is insane.
For those that want to know the ticker
for the Korean stock market,
it's KOSPI.
And that's honestly tremendous.
I'm not sure if that has to do with eem honestly
there's probably a little bit in there yeah yeah but eem is also closing at um at 52 week highs
as well um and honestly man that's what i'm saying like you know a lot of crypto traders are going
over to to stocks to to equities whether it's american whether it's asian and i mean i would
consider like i would consider the nasdaq kind of like the Bitcoin of indices and then the Nikkei would be like Ethereum mainnet
and then once you start moving over to some of the other stuff you're you're going on over to Solana
like if you're trading Korean stocks you're you're playing in Solana right now that's kind of that's
kind of like how I view it and you know there are a lot of big content creators within the crypto space,
specifically like YouTubers that have a stronger YouTube presence than here on Twitter.
And a lot of them are saying like the real alt season is happening in equities but i mean you're hearing that now but that's after sandisk and micron um went parabolic
and a few of these other chip names as well and i'm just i i just think they're kind of late
to the to the to the party like equities are looking topped distributive whether it's crypto
it looks like it's halfway done through a bear market
um it's just that in crypto as far as like placing your bets it's there's not really much
bets to to place in size outside of i don't know maybe like a hyper like a hyper liquid
um and maybe i'm gonna get i'm gonna be gracious here like a five percent chance that monad
becomes something because sui wasn't shit um and sui went up because they had so much runway they
had so much treasury to pump up their coin as does monad so i'm giving them grace right but
anything outside of that i'm i'm kind of like what the hell is there? What the hell is there to bid?
Yeah, I mean, I think you're late to the party if you're trying to bid almost anything.
I think that certain tickers, which I will keep to the private group because they did
obviously first come first serve, are still worth a bid and actually kind of hedge out
a pullback within the broader market.
But besides those select few tickers, I mean, at this point, it kind of seems you're late to energy,
kind of seems you're late to staples, kind of seems you're late to, you know, anything that's
done, you know, well, whether that's, you know, defensive stocks
or, um, like, you know, Northrop Grumman, uh, RTX, whatever that may be. And I look at a lot
of the industry leaders or a lot of the sector leaders and they look, yeah, they look weak,
you know, and I don't know what's attractive here at this point in regards to trying to buy anything
i feel like you're trying to catch a knife i don't ever think that that is advised if i look at the
qqq like i said my you know target is 550 that's kind of the first stop in which i see you know us
to come into and then kind of pay attention and then then below that, I think it's like 430 is my level
off the top of my head. I can't remember exactly what the next one is. But all in all, we do see
a bid in the emerging markets. I have no idea why. I mean, that's probably a question for David. I'm
going to be honest. I'm not going to just like have a bunch of crap come out of my mouth. But
if you look at, interestingly enough, it kind of reminds me of when we had the pullback
in 22.
If you look at the German, the German stock market, I think it's the DAC.
The DAC was like chatting new all time high after new all time high after new all time
high.
I'm not a big like emerging markets guy, so I can't really explain the dynamic all that
well or one that really should.
Like, I don't think I should be giving, you know, knowledge or advice on on anything that's, you know, that I don't have a super strong understanding of.
But, you know, when it comes to the crypto markets and equity markets, there are some plays that look very weak.
And then if you look at NVIDIA weakness, like NVIDIA, you know,
imploded again, right? I mean, NVIDIA was selling off, you know, again, and like,
that's been the king of the market, right? I mean, there's been, it's been the, you know,
undisputed king of the title for the bull market ticker, right? And that thing just had a monster earnings and
it's like selling off the next day by like three or 4%. And then you're seeing follow through today.
Structure looks weak. I look at kind of VIX and volatility, again, just uptrending on a higher
timeframe and uptrending on a lower to mid timeframe, multiple levels of confluence there
for me. The skew has obviously been to the upside
or the long volatility trade and with the options expert we had last friday you kind of released the
magnet on the market that's it that sat at 7 000 and so whatever move like i said you had to either
directions you're going to be seeing like major major follow-through like i wasn't i'm not going
to sit here and expect you know another 30 days of chop consolidation sideways, right? We had the unpinning of gamma. And because of that, you know, it's, it's kind of like the
25 year old technical analyzer meme. But, you know, I mentioned, if you get above 7,000,
you're probably going to be going to 7,200 pretty quick, because there's some volume up there from
a flows perspective. And from the S&P, you're looking at, you know, there's a lot of volume
coming in at 66, there's volume coming in even 63. I think those are notable areas to be mindful of.
Dow finally starting to roll over again, another indication, another contextual piece as the indice for the market leaders being industry, industrials and energy and healthcare and staples finally showing weakness. And I put out a tweet
two weeks ago and I said, your signal for the market, if you want to know whether it's going
to be a bullish market or a bearish market, is look at the ES, look at the Dow. If the Dow is
rolling over and showing weakness, it's going to be bearish, right? Because the market leaders are
are now showing weakness. You're going to be seeing follow through to the downside across
now showing weakness. You're going to be seeing follow through to the downside across the board.
the board. If the ES can break above 7,000, it's going to be bullish, right? And what are we seeing
today? The Dow rolling over and not looking all that hot, right? Metals up, you know, worries
about the Iran trade. That's probably going to just continue the whole de-dollarization trade
with gold. You know, silver probably follows, but I doubt silver does
what it did previously, where it went from $40 to $120 in a month. I don't think that silver has
that move left in it again, but I do think that it can still appreciate to the upside in price.
But again, those are momentary trades, and then you're stuck in generally a decade long range for metals. So, you know,
I would be very cognizant and aware of, you know, your expectations in regards to metals.
If you are in the long metals trade, I'm not, you know, particularly one, I am long gold right now,
but I'm not particularly somebody who's like, Ooh, yeah, you know, like gold's going to go to
like 15,000 by, you know, the end of the year. I don't think like that's advised. Um, what else, what else,
what else core weave, you know, significant weakness, right. Data centers finally starting
to roll over. Um, you know, one of the guests of the show, Mike Alfred, you know, we do have
our differences, but regardless of that, um, you know, from an unbiased opinion, like Iron looks like it's about a plummet,
you know, and is hanging on on the edge of the cliff,
you know, and that's been the market leader for the miners
and kind of like the data center plays this far.
Core Weave had earnings today, obviously down 20%.
We've been short Core Weave in the Discord.
I'm expecting a minimum, you know, kind of like 72 then below that.
I'm expecting 57 is the next level to kind of be watching out for for that.
What else? Bitcoin is a whole nother monster.
I mean, you want to talk about significant weakness like we got up to 6900 and Wabi, I mentioned I said, OK, we have we've been bullish like this is great.
And Wabi, I mentioned, I said, okay, we have, we've been bullish.
Like, this is great.
And if you don't want to run back the fractal, uh, that we did on like XRP back towards the
end of last year, where, you know, you had XRP come down and, you know, just below sub
$2, it then popped up, pushed short positioning out of the market, popped up to like $2 and
30 some odd cents, like 38 cents, I believe it is.
And all it ended up being was just a liquidity
hunt. And there was no sustained bid from there on out. And it seems like what we got earlier this
week is just exactly the same. Nothing's different. There is momentary bids within the market,
but there isn't a sustained bid. You need sustainment, right? You need absorption. You
need price showing you that, okay, this is acceptance of the level.
We are now in a bottoming process.
I mean, I just look across the board, man, and I'm like, Ethereum looks like it's going
to 1500.
Solana, like you best not, you know, break back down below this range.
and kind of the list goes on.
And kind of the list goes on.
You know, I mean, Hyperliquid,
the market leader for the majority of the bull market
has, you know, shown tremendous amount of weakness
and has been the risk on signal for the market.
When Hyperliquid does well,
generally everything else does well.
You know, and Hyperliquid's even struggling themselves.
You saw Lighter the other day kind of getting attacked,
similar to how Hyperliquid got attacked with the whole Jelly Jelly situation.
I think Bitcoin on Lighter de-pegged to like...
47K, bro.
Yeah, disgusting.
Like sub 50K.
How can you trust your funds?
You can't.
You literally cannot trust your funds being safe on a DEX.
I don't know how the hell people are comparing.
Lighter is so whack, dude.
It's like so shitty.
It's like Arby's, bro.
I'm sorry if there are people in here that like Arby's.
We have fights.
Dude, Lighter is literally the fucking arby's of the
entire crypto industry underrated for arby's though is the curly fries i will say everything
else trash curly fries are goaded though anyways man uh what you're not a fan, bro? Dude, I despise Arby's, man. Arby's is trash. Arby's is the mattress firm of all fast food.
It just exists for no reason, and there are way too many locations.
Lighter is the Arby's of the entire market.
market and um no no no you know what is the you know what is the mattress firm of the fast food
industry is not arby's but hardy's you know what i'm talking about like carl's jr oh oh my gosh bro
yeah yeah carl's jr man i tell you what um But yeah, man, I never understood the lighter thesis at all.
I've joined spaces on my personal account to kind of like catch a vibe.
And all those guys are freaks, man.
They are all freaks.
Every single one of them are just freaks, basement dwellers.
They make Cardano Maxis look like normal people, man.
I tell you what.
I will tell you what.
This thing is down like, I mean, Leiter just made new all-time lows today.
time lows today it's um it's down i mean it's down 80 percent if you want to count like the
the um that pre-market all-time high of like eight bucks or whatever but as far as like the
actual launch and all that stuff it's down like 65 almost 70 percent um and i'm sorry but like just another perp dex or
there has to be there has to be more than that man there has to be more than just like another
perp platform it reminds me a lot of like those those dexes that tried competing with uniswap and it's like everything is a dex right
and then you started to have what's that coin that tommy loved shorting they did a huge air
polygon no no no the other one the other one dude it's like it's like a dex man it's like a dex uh oh yeah aster no no no no no no no this this thing this thing is from
like two cycles ago the 2021 early 2022 cycle i don't remember it's not dydx is it yes that one
that one dydx yes yes yes and then like there were so many dDX competitors and all that stuff. And it was just pure trash, man.
It was pure garbage.
Absolute garbage.
Yeah, I don't know who the hell is going to be bidding lighter
if Hyperliquid is just fine and dandy the way it is.
PumpFun also made new lows today.
Not new lows.
It actually made...
It's retesting its low right now.
You know what has not made a low since November?
It's Kida.
Kida has not made a new low since November.
Yeah, I mean, maybe it's bottom bottomed out i'm looking at it right now
it's just been it's been consolidating since december yeah pump fund under a billion fdv
i think that that could be that could be um a pepe under a billion that would be that would be i just want to buy whatever is new and shiny
in the next bowl bowl run right i don't want to say bowl market but like the next bowl run
i just want to buy what's new and shiny you know i think that's like the way to approach it
is just like whatever is hot whatever narrative is running, like, just chase. Yeah, like the next keto or whatever.
Hey, there's this dude, Fundier Capital.
He requested yesterday.
What's up, man?
Fundier Cap, what's up, bro?
You there, man?
I don't hear him.
Yeah, you're on mute, man, by the way.
If you can hear us and you're trying to speak, you're on mute right now.
Okay, I'm going to take him down.
If anyone else wants to come up and talk, by the way, feel free.
Oh, there's Gosey.
I'll bring him up.
If anyone else wants to come up and yap, feel free to do so.
It is more of a quiet day today,
so I'll probably continue the stream for another 20 minutes or so
and let you guys go a little bit early.
We've been streaming every single show for
like three plus hours um just given the lack of like follow-through with with the u.s indices and
crypto is just not really doing much but all coins are they're bleeding man like you have
btc just bear chopping and all coins are just bleeding slowly and i remember i had
someone here uh the other day and he was saying like like is crypto ever gonna come back because
i look at the top 100 and there's nothing to bid and it is it is kind of pathetic to look at the
top 100 and there's just like there's just nothing to bid
like who the hell's gonna buy ENA who's gonna buy ENA this thing is making lower lows um
I thought that thing was gonna do tremendous when it first came out though and it did it did it did okay but the narrative for that is just done for um
who's gonna buy arbitrum who's gonna buy jupiter you know this is the biggest letdown for me the
cycle was i getting oh yeah oh man that thing was so hype man i was so bullish on that yeah dude i mean going into it it had everything going
for it and then it came out and everybody saw the tokenomics and it was like 60 team uh allocation
and everybody's like and then like the airdrop i remember people farm that airdrop for like years
or maybe like 12 plus months and then i mean people got like 200 bucks it was it was
pathetic yeah i i i remember eigenlayer i remember i had that that that guy on straram he's like the
founder of it and stuff and back then dude they weren't even about ai like their whole narrative was liquid staking
like that was the thing in the first half of 2023 liquid staking derivatives and the next hot l1 um
and nothing happens nothing happened at all.
Crypto VC funding was going batshit in 2023, even though it was the low.
A lot of these rounds were getting filled up very fast.
And, of course, the only people that make money in these rounds are the VCs that got into earlier rounds. know it's kind of like a it's kind of like a game of hot potato man you have a group of people that buy at like 10 mil
valve and 50 then 100 then 300 and yeah it's like hot potato and there's more hi prometheus
what's up man what do you got for us today bro hey sure sure so no i
agree with prometheus comment like getting the new shiny coins because the old coins normally
have a lot of back holders and that that could potentially stall the upside move so i also
prefer new coins just want to add on that and And I was talking about AWK yesterday, I think,
or before yesterday on this place.
Today we had a.
Today actually we had a breakout on previous resistance,
and so I'm doing good on that one.
We also had a breakout actually today on XLV as well.
And I wanna be super clear,
like I did a post back in January,
like I'm super bearish on IRON, super bearish on IRON.
And I want your take regarding something, Wabi.
I don't know if you're aware, but the new FDA commissioner,
he's like loosening regulations on new drug development.
So do you think we could get a new narrative around that,
like biotech stocks?
Yeah, frankly, man, I don't know anything about biotech stocks yeah frankly man i don't know anything about biotech stocks i think
kathy wood has like a genome etf that's the only thing that i know as far as equities like the only
stocks that i've ever bought um has been hood coin sandisk um and iron that's that's pretty much it and some intel as well um and just a
little bit of amd but because because this read this recent change in regulation with and hood
too and hood good yeah no i mean this new regulation change with this new commissioner commissioner
on the fda like that got me thinking and i'm like researching stocks on that sector to find like
bottom stocks that have could have potentially and position myself anticipating a new narrative in terms of a drug discovery
that's interesting man I'll look into that man I'll look into that but
biotech is definitely something that I don't really have an idea as far as like
what to bid maybe Moderna I i definitely would never buy pfizer like you know never at all
whatsoever um but as far as biotech i really don't know any um any names to let me ask you
are you still bullish are you still bullish on iron because i mean like i post i posted
my post explaining my various thesis.
And I mean, like I ran in 202 days, we had a 13x, right?
Rise from price.
And we have been bouncing above the bull market support bound.
And right now we're below it.
I like there's slight volume below on the volume gap profile so i mean i'm expecting a move down to 28 the next following weeks like i'm i'm yeah i'm i have a big short position
just want your your opinion on that because i see a lot of people that are bullish like there's
some people that like like right now even if we go up like the risk reward right now on these prices like it's it's not just it's
not there in my opinion yeah i mean i i think it had a i think it had a good run um i played it
from july all the way up until like like the majority of my position all the way up until like, like the majority of my position all the way up until like early,
early December,
late November,
right around there.
but it was a good trade.
Like I,
I usually like to play momentum.
and I think momentum has like clearly stalled out,
for like data centers and all that stuff.
But longterm, I think it could outperform things like MSCR.
That's
my take on that, man.
The long term,
it's...
People think long term is like...
In crypto, people think long term is like
six months or whatever, but
for equities, you do have to be a little bit more gracious and extend that time by like –
you'd have to extend it by a bit more.
But I think the momentum trade on Iron was great.
Writing it from like $15 all the way to like 65.
I think that was a pretty damn good trade, honestly.
I think it actually topped out at like 60, excuse me.
But yeah, you never get to sell like the top, right?
You never get to sell the top, but somewhere in between like the top and the complacency
shoulder, like that's, that's fine, man.
That's fine.
But yeah, writing it from like 15 to 60, I think it, I think the all time high was like
62 or something like that.
I thought it was 65, but, but um i think it's a good
trade some people bought iron at like three bucks five bucks and that's fine right uh but a lot was
happening while iron was at those lows you had a lot of other names going crazy in crypto
and in stocks so i didn't catch it until like the the summertime um when mike was like really
talking about it a lot and it was on the verge of like breaking out into price discovery so
because it wasn't arranged for for really for for a while um after it had that that huge bounce from the lows so do you play only do you play on the iron or do
you play nibus as well no just this iron iron's like the only minor that that uh that i've played
i was interested in hud 8 at um at some point but that was like in that was like in 2023
and a few weeks ago i remember looking at it here on
the show and i'm like dang like this thing this thing has actually been doing quite well um and
i remember hutt was like getting a lot of flack for a while they were getting a lot of flack for
a while um people lost is that the company that had a deal with
anthropic i mean hot no i think i think hutt was one of the first ones to pivot into um like ai
data center that was like one of the first miners that that that pulled off that move but i don't
know if they did a deal um with anthropic or not man but But if anyone else, by the way,
if anyone else in the audience wants to come up and talk,
if you guys are here in the audience
and you want to talk some shop or ask any questions,
feel free to do so, guys.
Just click the Spaces tab,
and then at the bottom left,
there's going to be a little mic that says Requests.
You guys can just um click that and uh
and i'll bring you right on up guys no pressure at all it's fine um it is a bit of a slower day
so that's why i'm kind of like if you guys want to come up and talk feel free to do so if not i
think um i think i'm going to wrap up i think i'm going to wrap up. I think I'm going to wrap up the show, man.
There's really not much else to discuss. I think over the last hour, we yapped quite a bit about all the things that went on today and throughout the week.
And it's a beautiful day outside. It's a beautiful day to go ahead and get your weekend started. So I'm going to give it a few moments.
And then if no one comes up to request, I'm just going to go ahead and wrap up here, y'all.
I'm going to give it a few moments.
So if you want to come up to yap or to ask any questions, feel free to do so.
And if you guys have been enjoying the show, by the way, over the last hour and you want to keep up with what we do, feel free to give the Because Bitcoin account a follow.
Go ahead and follow the BB account and also all the other speakers that have participated on today's show.
For those of you that are new, my name is Wabi. I'm the host of Market Talk, and I go live here on X Spaces Monday through Friday at
a usual start time between 3.30 to 3.45 p.m. EST.
We talk all things markets, myself and some of the other speakers that come up on here.
We talk Bitcoin, altcoins, all things price action, whether it's lower time frame, higher
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So if you guys have enjoyed the content, feel free to follow everyone to follow the BecauseBitcoin account.
Also turn on bell notifications if you want to be made aware of when it is that we go live, as it does vary from time to time.
But also to keep up with some of our written content, we do try and strive to be one of the fastest pages here on x in regards to
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And once again, don't feel shy, by the way.
If you guys, this is a last minute call.
If you guys want to come up and talk shop, just click the spaces tab, request to speak.
I'll bring you up.
But if not, I'm going to go ahead and wrap up the show.
So I'm going to give it, um, just, uh, just a few moments here. And, uh, if not,
I'll go ahead and, uh, wrap up. All right, cool. So that being said, I hope you guys have a good rest of your friday or saturday depending
on where you are and i hope you all oh mar mar's requesting to speak i brother i knew i knew you
were gonna request what's up bro what's up man i'm here at work, man. Working like always, bro. The weather's nice today, at least, right?
Yeah, yeah, yeah. Beautiful weather, man.
Beautiful weather, you know?
It would feel better if the market
was also
beautiful, but...
No, I did pretty
good, man. I shorted Pippin.
I shorted Pippin.
Yeah, that one's down today like 30%. Yeah, yeah. I shorted Pippin. I shorted Pippin. Yeah, that one's down today like 30%.
Yeah, yeah. I listened to one of my
friends and I don't like to short that
much. But nothing
that I would lose my
sleep on. But
a little bunny there, you know.
Paid the phone bill. You know what I'm saying?
But, yeah, man.
You know, I know that there's a lot
of smart people here that come and speak man
i don't i don't i don't look at numbers too much i just play i like history man i like history and
psychology in the markets and how everything is playing out and then i listen to people and i
and i put my uh my best guess uh right now i'm not so far, you know, I'm not a big trader, but my, you know, I want to jump in on a Bitcoin position and I'm going to go Bitcoin hitting around the 50K in the next month or two, maybe 54, 55K,
and then doing a run to probably 70K again and being rejected there.
And people, again, are back like, oh, it's a bull market again. And then maybe we see that the last fear where we could get a 45, 44K Bitcoin.
That would be a 65% from all-time high.
And that would be a 3X from the last all-time low.
Just simple numbers, man.
We don't have to get complicated, you know.
Simple numbers.
I think 45, 42, 45K.
I would be shocked if it goes under that.
That's a 65% down from all-time high.
And, you know, the last time it was, what, 75%?
And then before that, it was in the 80s, the last two bear markets before 2022.
So, yeah, man, that's when I will sell everything to buy Bitcoin.
In the 40s, I'll sell the last of my testosterone just to buy Bitcoin.
Those are my price points.
I do hold still Bitcoin long term, but those
are the positions I want to take
because at the end we're all greedy and we want the
best price.
Yeah, man, I think it's going to be
like this probably the next six months.
I'm going to play it out the same
October, November, and then we'll see
the market
much better unless we get
a Black Swarm event, you know, but
I don't think, I don't think any of that's going to happen.
But you know, Wabi, I'm going to tell you the truth, man, the last bear market, man,
we had all these shit like Celsius, FTX, and we had excuses why we're in a bear market.
This time around, man, it's like people are just blaming.
They're all over the place blaming this, blaming that,
but there's really not something really, really bad, man,
and it's just time to take profit, man, time to sell, you know,
time to short the market. It's just that time
again. And, uh, I think it's people are just going nuts, blaming this, blaming that. And I think it's
just part of the market, man. Uh, you know, on, on the downside now and, uh, you just gotta accept
it and, uh, and, you know, and just, uh, do your best your best to uh get out with profits whenever it is
that you have plans to but but yeah man i wouldn't everyone is waiting for that one hit on crypto i
think it's just part of the markets and uh yeah that's what i'm playing i think i think the bottom
will be i will be shocked if bitcoin goes under $42,000, $45,000
and the fear will start coming in
around $53,000, $54,000
if it goes under that. But I just can't
see it going under $40,000, man.
I can't see
over 70%
Bitcoin.
Not financial advice, anything is
possible, but
I would be shocked if Bitcoin goes under $42,000, $43,000.
Yeah, we got that, bro.
What is it, bro?
We got it on the wiggle, bro.
Hey, Wabi, don't forget, man, to check out that application I told you about, man.
It's pretty cool, man.
I've been, you know, being a DJ and just
going in there with 10, 20 bucks,
fucking around, but that Dex
is pretty cool, man.
It's a really awesome product, man.
And finally
somebody built something that
that's pretty cool, you know?
That Universal X I told
you about.
It's pretty cool. I think it's something that could bring a lot of volume
in the next bull run, you know,
with that multi-chain aspect.
Yeah.
Small Cap, what's up, bro?
I was about to wrap up, but then I saw
you come in here.
What's up, bro?
Robby, real quick, did you see that new coin now,
the top 16 now, the billions?
Canton? Didn't I tell you, man, Did you see that new coin now, the top 16 now, the billions? Canton.
Didn't I tell you, man, like a few months ago,
we're going to start having these things popping up with VC fund,
you know, heavy VCs.
All of a sudden, I'm like, what the hell is this?
It reminded me of the Canton Chinese restaurant.
I'm like, are they on the blockchain now?
I'm like,
did they now
put the fried rice on the blockchain?
I'll leave you with that one, man.
That is nuts, man. That is nuts, man.
You're crazy,
brother.
That is crazy
work, man. Small Cat, what's up,
bro? What are your thoughts on the
pro section that we had this week,
bro? First of all,
you sound pretty tired, Wabi. You've had some
late nights on these spaces
um do i do i sound tired no no i'm i'm messing with you but man the last couple last couple
days have been uh some pretty amazing material and entertainment i i i've i've been going back
and listening to the you know levinson and nor uh george noble and, and it's been great. So hopefully we get some more of
that next week. Look, as far as Bitcoin, you know, I think that just, you know, after such a violent
move, obviously it's been a pretty violent move going from 126 and middle of October to, you know,
basically cutting more than half in less than what for basically four months.
So I think the price needs to, as it kind of consolidated and found a local bottom
chopped around for a little bit, um, when we hit initially
80,000 back in middle of November, that
Sorry, I'm getting a phone call. My bad. I was getting a phone call.
My bad, I was getting a phone call.
You know.
Oh, man.
Yeah, it's okay, man.
We can wait until Monday.
Yeah, you got to answer your phone call, bro.
Yeah, it's all good, bro. Yeah, I...
Yeah, it's all good, man.
Yeah, just...
You can handle a phone call, man.
It has to be important, bro.
I understand.
Alright, guys.
I think I'm gonna go ahead
and wrap it up here.
Small caps, just come on Monday, brother.
Take care of your phone call.
But anyways, guys, I'll see you all on Monday at the same time.
Once again, feel free to follow the Because Bitcoin account if you guys enjoyed today's show.
Check out all the links in our bio.
If you want to check out our Inner Circle group, it's a Discord.
You guys can check out the testimonials and all that good stuff check out our trading terminal link is in our bio and if you have
any questions in regards to that you can send us a dm and we'll hook you up with a discount for your
first month so with that being said guys god bless you all thank you all so much for tuning into
market talk whether you were listening here live or the recording.
My name is Wabi, and I'll see you all later.
Take care, guys. Bye-bye. Have a good weekend.
