Projects
![]()
No projects found
Investors
New
DAO Treasuries
DATs
Lend / Borrow APRs
Chains
Categories
Spaces
Market Talk- INSANE MARKET CRASH FOR CRYPTO!? Reversal in June !?
Recorded: May 30, 2025 Duration: 1:09:49Space Recording
Short Summary
In a recent market talk, crypto enthusiasts discussed the current trends and potential growth in the crypto space, highlighting significant declines in altcoin prices, the bullish outlook for Bitcoin, and the strategic movements of investors amidst market volatility.
Full Transcription
Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Guys, just give me like one minute and then we'll get started here. Thank you. guys what's going on welcome back to another stream of market talk brought to you by KuzBitcoin. I'm your host, Wabi.
We have a plethora of things to discuss on today's show.
If you guys recall the title of Tuesday, I think it was Tuesday Space, guys.
The day after Memorial Day, we were talking about an incoming pullback.
That's probably going to be a bear trap. And here we are. Man, on-chain alts are just absolutely hemorrhaging across the board.
Solana completely lost some local structure here.
Shout out to Prometheus.
He caught a short on Sol at like 180.
Sol's trading in the 150 area right now, which is pretty important to be honest. That was an area that
Solana had previously struggled
The surpass, you know as we were nuking earlier this year
But I think today is the last day of the Bitcoin conference. So
Historically speaking, I hate using that word by the way historically speaking but it is true
usually about a week or two after the btc conference you typically have a massive day
of volatility to the downside uh during some local bear drop during the actual event so
you know i i wouldn't be shocked to see btc have have a flash wick to sub 100K and some of these alts just just absolutely abysmal.
It seems like everyone that was placing the bid on these things was at the conference, but not to fret, because I still believe in many others still believe that the summertime is going to be one for the books,
especially with the context that Donnie has been giving
as far as monetary policy that's incoming for the U.S.
And honestly, I think this should be seen as one of the last opportunities
to pack your bags before distribution to sell off later in the year, potentially sometime next year.
But I hope you guys are doing fantastic. I hope you guys are doing quite well today.
Today's water plug is Icelandic glacial water, and it's in the spring glass the glass bottle spring water not
sparkling water which still tastes like crap I can't get behind sparkling water
ladies and gentlemen but some other interesting news here today is hood
stocks amidst the chop and the equity markets and the bear chop and crypto land. Hoodstock has made an all-time high.
This thing is an anomaly, it seems.
It seems to have a huge bid by none other than Ken Griffith from Citadel Securities.
I wouldn't be shocked if that stock trades in parity with uh with mscr
within the next year or two i really don't i would not be shocked um and i don't think that
mscr should be priced more than robin hood stock i don't really think anyone can actually
say what the business model for mscr really is they just leverage their debt to buy more btc and
honestly seeing these uh pink sheet tech stocks from the 90s and early 2000s trying to revamp
their business model uh like what happened with sbet where they're just going to buy a ton of
crypto is setting up for a 2008 version but for the crypto market which will
probably flow to trad fi trad fi is probably gonna have a blow up because they're gonna be
over leveraged this asset class that's probably gonna be um a long time from now but locally
speaking guys if uh we do if we do see some sort of massive pullback within the day where you
see um alts continuing to shred across the board to the downside and btc retest something like 94
95k if there is a weekly close below 103 the higher time frame structure is still bullish
The higher timeframe structure is still bullish.
And again, locally speaking, you do have the four-hour trend line on BTC not looking so great.
The dailies on Seoul aren't looking so great.
Hyperliquid seems to be an absolute titan.
And something that I've noticed as far as altcoins go is that there seems to be some lower time frame rotation between Farcoin and SPX6900.
And it's something that I was touching upon with the Discord during yesterday's afternoon call.
But, you know, talking about Farcoin right now, it is giving us that first major pullback after essentially
going up only uh for almost two months here guys so some deals are loading across the board
whenever we do see some bear drop and low volume it does tend to result in a full blowout, which means good prices. Good prices are loading.
More people can load up the boat. And if we truly are going to see some of these stratified companies
become crypto treasuries, then you kind of want prices to be a little bit lower, right? If you
guys have paid attention over the last six or seven weeks after we had bottomed out at 73, 74 K, ladies and gentlemen, you started seeing many of these Tradify companies globally starting to revamp their business model to become Bitcoin treasury companies.
Right. One of them being Metaplanet. And I'm sure there's a few others that I can't name off the top of my head right now. So usually after bottoms form you start to see a lot of
good news be pushed out and once this good news actually becomes reality right like with the ETF
last year for BTC in January you do tend to see some big local pullbacks. But either way, guys,
we're going to go ahead and get started on today's show. I'm here joined by Matt. I'm here joined by
Donnie. We're going to go ahead and give you guys the weekly wrap up. Right. So all in all,
really, I think today's price action can be just attributed to the usual conference shenanigans.
But before we get started and before I pass the mic over to Donnie, if y'all can show some love to the space,
the best way to show some love, you guys, as always, you guys do a fantastic job, is to click the spaces tab.
Now, you might be asking yourself, what do I do after I click the spaces tab?
Well, there's a little link right above
our profile pictures that says
x.com slash i slash spaces.
Once you guys
click that, y'all can
go ahead and smash up the like button,
hit that retweet button, smash
that repost button as it does
a number of things. Helps get more eyes
and ears to the brands the show
helps really get more people in here which is uh kind of a goal right you never know
who might be in the audience and perhaps you can pull them up and they have something interesting
to share for us with us excuse me but um you know what i usually do for these shows
at the end of the week i do like to bring some people up from
the audience on Fridays. So if anyone here in the audience that's been listening for some time and
wants to come up, talk their book, talk what they're seeing in the markets, feel free to do so.
Many of you know that I'm really not a fan of Q&A as it doesn't really spark too much thought. But
either way, even if you do have a question
feel free to hit that request button it should be at the bottom left and I'll go ahead and bring
you right up probably during the second half of the show after everyone gives their introduction
spaces are recorded as always guys so I want to thank you all once again for showing up here
whether you're listening live right now or you're listening to the recording I want to thank you all once again for showing up here, whether you're listening live right now or you're listening to the recording.
I want to thank you guys.
You know, there's always hundreds or even thousands of other shows just like this, or perhaps not just like this, but shows that touch upon markets, whether it's crypto, whether it's StratFi, whether it's goable markets right at this time typically an hour maybe 30 minutes after the new
york session closes there's there are many content creators that do uh do shows to talk
about markets where you guys choose to tune into this show each and every day whenever we host
them so for that i'm grateful to you all grateful for the love and support and uh i hope you guys
continue to show up and more than anything i
hope you guys can learn something at the very least uh be entertained as uh there are some very
very entertaining uh characters that tend to come up on these shows from time to time so
i'm gonna go ahead and pass it over to donnie donnie what's going on man there's a lot of
local price action that has a
lot of people freaking out. But the fact of the matter is, man, if we just even look at the weekly
for BTC, it's essentially been seven or eight weeks of up only. And I looked over the charts
since the 2011-2012 cycle. We have never had more than eight consecutive weeks of green candles
without there being some sort of pullback. And any pullback that we've had, man, has really only
been to the degree of, say, 3%, if that. So here we are, man, going into june we've talked about you know a big bear trap loading after
that first retest of a new all-time high and here we are man so i want to welcome you up thanks for
hopping on the show man love doing these with you love having you up on the panel man so
thanks for coming on brother hey cheers bro thanks for that um yeah it's pretty much a technical
pullback that we've been kind of eyeing up i thought it
would come from a little bit higher around 115k but you know nonetheless it was around 112 um
yeah i'm sharing a chart of basically the kind of playbook that was run from the bottom all the way
to where we are now and it's honestly really simple and i think it'll make a lot of sense
when i explain it here so basically you know after the massive global shakeout that we had in all markets,
BTC bottomed and kind of broke.
I haven't drawn the trend line on this chart,
but kind of broke out of that trend line in that first sort of black box that I've drawn.
And you know, you had locally distributive structure within those candles.
If you zoom in on like a four-hour chart,
where if you have a local distributive setup like that, you're kind of targeting a lower demand zone from there to see if
you get like the retest and then continuation from there. So the technical setup there was for like,
okay, this thing's going to go to 80k or 78k. And we'll get kind of this inverse head and shoulders,
I'm going to wait for that to get in because you know, a lot of people actually did miss that
bottom because of the fear. What do you do? You override that entire local
distribution. You push up above a key market structure break, which was the 88.8k level.
So you leave those people out of the market again. You've priced them out. You push up
very aggressively to the next zone. Same thing. You form another locally distributive range.
People are targeting the
very obvious retest of that market structure break at 88.8k to get back to get into the market,
whether it's BTC or old coins, they're eyeing up this pullback to then you know, start bidding,
because they realized that they missed the low, right? And what do you get another very aggressive
push above the most important level on the chart for me, which was 99.5k,
which was basically the origin of the move that sent us to those capitulatory levels
to a new range to form at the low. And yeah, you expand above that again, you form another range,
these highs, and same thing, people are left out of the market, and they're waiting for that pullback
to get in, which it looked like you were actually going to get it here. Even I was like, okay, I think we might actually tap into 99.5
or even 97.5, the prior range below.
And then you shoot back up again, right?
So people have been completely sidelined on this rally
with no chances to get in, no clean pullbacks,
just pretty much up only, like you said, for about 50 days or so.
And eventually that leads to a long capitulation where
people start entering the market thinking that wow this thing's actually gonna you know smash
through the highs and we're gonna have the parabolic run start right here which it could
have happened but you know it was a very uh nice setup to trap these late longs and you know a bunch
of on-chain guys that check these sort of things that i follow
they were talking about a spot driven rally uh from the lows and then a ton of leverage uh entering at those like all-time highs trying to trade this uh breakout long quote unquote and we
had you know some public uh leverage traders also opening up you know massive positions and stuff
like that literally at the all-time high so that's why I was kind of thinking 115K
before the Bitcoin conference.
And then we have the pullback there.
It's a nice area to draw people in
and have a technical pullback
to clean up all of these late longs
before resuming higher, essentially.
So we're actually just getting that pullback now.
How deep it goes, it could just clean up all of the liquidity below that prior range that i've
drawn there or it could come back into that 99.5 to 97.5k area which would probably fill a ton of
buys there's a ton of liquidity there on chain if they want to fill one more buy and obviously a
massive shakeout before pushing this thing higher i. I think it's just a technical pullback to actually bottom somewhere in, I would say, the first week of June
and then start making the move back to new highs, right?
We'll see if we get that, but that's what I think.
And, you know, fundamentally, I wanted to explain kind of the setup here
because, again, there's a lot of fear and all this kind of stuff.. And of course, your bags, your old coin bags, they can fluctuate like
crazy amidst fear and pullbacks and all this kind of stuff. You have to understand that the setup
that we have before the midterms for the current administration is extremely bullish because they
have told us their setup and they're
telling us their liquidity toolkit. They're telling us they're going to inject liquidity through the
treasury and tons of it, right? The Fed is not going to do anything. There are no rush to act,
whatever. We don't need the Fed. We have the toolkit. This is literally what they're telling
us, right? So because we're now in pretty much June, we're halfway through the year,
there's not that much time left to keep flip-flopping on plans, right?
Their first plan was that they're going to go through this detox period, kind of shrink the deficit, all this kind of stuff, which that takes time.
And then recovering out of that also takes time, right?
Which takes them to the midterms.
They have things that they promised in their campaign
that they have to deliver before that date
if they want to get reelected right
so now since they flipped that playbook
they're telling us we're going to have an
economic boom pro growth pro markets
we have the toolkit to stimulate
the economy
for us to follow through with these plans
therefore
they're going to deliver on that,
right? So the current market participants, they're consistently being psyoped by the media of like,
Trump's doing this with tariffs, Trump's doing that, this, that, the other, all the feds not
doing anything, all this kind of stuff. But the time is ticking for them to actually get a move
on with this thing. So in my view, I think that all of
these headlines and all this kind of stuff behind the scenes, they're going to try and get through
all of these tariffs and all this kind of stuff in the back end as quickly as possible. Basically,
put that to the side, smooth out all of this policy noise, and start getting pretty aggressive
with their growth delivery, right? Because they're running out of time.
So whether that happens or starts to get priced in by the market
when the market actually understands that this is 100% happening,
if that happens in June, July, August, we don't know.
But I would think sooner rather than later,
based off of what Besant said with those SLR exemptions happening in summer. Plus, we have the very good setup
with DXY, which nuked to 97.8, and it's spending time down here. We still haven't priced in that
entire DXY nuke. We've been up only for 50 days. That DXY nuke was 98 days. So I think there's a
lot more liquidity in the tank. But again, every dip, the media gets really loud and tends to shake people out of this market.
So if you look at that longer term picture,
regardless of how your bags fluctuate
until we actually break out into a nice price discovery high,
the setup going into as far as midterms even
is extremely bullish.
In my view, we're setting up for a multi-month uptrend,
which we haven't had since pretty much the ETF filing
for the BlackRock ETF for Bitcoin,
which that lasted quite a long time.
We pumped from like, I think the rally started
at like 25K from the speculation.
It locally peaked at 49, but we ended up at 74K.
That was a massive rally in 2023 going into 2024.
But even that, it wasn't what I think this one is going to be, right?
They're trying to push 6.6% GDP,
and they're telling you they're going to inject 5, 6, 7 trillion into the market
to follow through with these
plans. So me, I'm trying to be positioned for that. I don't care if my bags like fluctuate and
all this kind of stuff. And actually this technical pullback, you know, if you've been
sidelined this entire time, you're getting extreme discounts on, you know, coins that you were
potentially keen to FOMO and at local highs. So I don't know, you should be viewing it as an
opportunity. And yeah, just wait for them to unfold their plan
because like I said, they're running out of time
and they're going to smooth out this policy noise soon,
in my opinion.
Man, five to six, Trill.
That's going to be insane, dude dude well dude what are your thoughts on soul
man like fundamentally um you know over the last few years we've seen soul kind of lead the way
but it really hasn't been like that over the last couple of weeks it's been other coins like hype
right and you know all these coins they always lead off of
a narrative and the whole thing with soul is you know pump fun and all that stuff but
with some of these newer coins like people just don't care people just don't care anymore like
they used to in q4 uh what are your what are your expectations for soul man against uh some of these
newer pairs you think soul has already done done most of its outperformances cycle?
Or do you think there might be some sort of echo bubble for Solana?
Well, it's had an extremely good run from the lows.
And if you're looking at it from a prior cycle price, it's basically near the highs, right?
So it's done the outperformance, in my opinion,
but that doesn't mean that it's not going to perform from here. If you just take the simple
math of like, Bitcoin doubles, ETH will do more than that. Sol will do more than ETH just because
it's smaller in market cap, like the trickle down economics from the liquidity from, you know,
Bitcoin to ETH to the rest of the market, it just always plays out. I think there's no real...
They have a good fundamental narrative.
It's just going to perform with the market.
It's recognized now.
Big money spreads out their liquidity.
They can't just go full port ETH, for example.
They always spread it out.
BTC, ETH, SOL, and so on down the ladder.
In the top 10.
So to say that SOL soul won't get you
know soul usd won't go up because xyz i just think that's dumb because you know the whole market will
go up uh if we get you know the typical triggers of what ignites a crypto market bitcoin price
discovery bitcoin dominance drops the rest of the market catches a bid, everything gets euphoric, we cycle top.
So, so we'll go up.
It just depends when and if we get those triggers, which I think we will.
We're setting up nicely based off of, you know, this admin wanting to push extreme pro growth, pro markets regime.
So I think the days are numbered.
Just got to be patient.
None of this, none of this local stuff matters.
When that actually kicks into gear and the market,
the entire market is all bidding in the same direction
because there's no more uncertainty.
Liquidity is ample.
It's very clear what's going on.
That's when you get the real run.
So again, just got to be patient,
not overthink all the local stuff
and all the noisy stuff on Twitter.
Matt, what are your thoughts, man, on this week's price action, brother?
I want to welcome you up on the stage too, man.
You're breaking up a little there, Wabi, but yeah, thanks for having me up.
It's funny.
I didn't see Donnie's post uh earlier 20 hours ago but uh i think we're absolutely of
the same mind um this past call it 90 days 60 to 90 days it's been an up only relentless rally if
you weren't buying bitcoin in february and march like you blinked and all of a sudden we're, how the hell we're back to, we're back to six digits.
When did that happen?
Well, you had, you know, we had a hundred days to stack below 90 K and then 80 K. And
then if you really timed it well, 77 and 76 K. And after that, like, Hey,
Trump blinked the administration pivoted and it was up only.
So I agree like the, the,
the bears that have been waiting for a pullback, like, all right,
well, let me just get a retest at, at 80 K. Nope. Okay.
Let me get a retest at 90 K. Nope. Okay. Let me get a retest at, you know,
it's been, there's been no entry for them. So, um, I just shared up in the nest. This is the first
decent entry for anyone who's been sidelined, or maybe you've just found a bag of cash sitting
under the floorboards, but, um, there's been no good time, um, uh, before this. So I think that Donnie's right. I think this is just a simple breakout,
retest, and then higher later on in the later summer into the fall. And we know what Bitcoin
can do when it wants higher, when it goes into price discovery. So you know we were talking last week a month ago three months ago we were looking
at this bitcoin conference this is a very obvious um local top people can't get people can't help
they get all hyped and frothy and like oh my gosh have you seen this and that rumor mill and
and headline and when and this or that person's going to come speak and what could it mean?
And people just can't help but bid straight into that. And that's okay because big picture,
fundamentals are great. Macro is great. All of the S&P 500 and NASDAQ just did all their earnings
and that was great. I think something ridiculous like 77 77 of the sb ref 100 beat their earnings
expectations that's great uh the last holdout of the mag 7 nvidia disreported they double beat
they looks great so like there's no there's nothing else for bears to hang their hat on um
once again so um long-term bullish medium- medium-term, bullish, short-term,
yeah, this pullback was probably something
that one could have expected and you got it.
So great, you got a pullback.
This is a nice re-entry or maybe you never entered.
And so this is a great time to get as close to 100K
as possible and then ride that to however high you want.
Who wouldn't?
Why not?
Did you go to the conference, Matt?
So May 27th is, that's my, that's our anniversary.
And I convinced the wifey.
I was there for the last Miami Wabi.
I convinced the wifey at our fifth year anniversary to go to Miami.
And so, no, we did what I wanted one time.
And there's no way she was going to let me take her to Vegas just for a Bitcoin conference.
How was Miami, man?
You were there.
Yeah. You were only there for like 30 minutes man i was there for day one and day two we left you're right we didn't stay for day three
uh i don't know yeah uh um the i just remember the vibes being so different um you know people were just
so depressed and and too scared to be bullish and uh luckily luckily we've got
just a completely different atmosphere here um so
um so yeah they had a they had a pepe a pepe um like lego painting at at the uh 2023
bdc miami conference and i remember telling someone that was there that they should buy pepe
and they're like no i don't buy shit coins. And I'm like, bro, come on.
Yeah, you do.
You're capping right now.
You're LARPing.
I know you buy shit coins.
And then he told me that he got blown up on Luna.
That always seems to be the case, right?
I think that even happened to some stock growth in the 90s,
where instead of buying singular names, they just said,
hey, I'm just going to buy'm just gonna buy the dow jones
and the s p i'm not gonna bother with uh with the qqq which came out in like 99 i think 99 98
that's so true though it's it's not that that oh no i i never buy so often the truth is well
i used to and then i blew myself up and I learned my lesson.
And now I'm just BTC only.
That's usually the real answer.
Yeah.
And to each their own, right?
But I'm not going to tell someone what they should do with their money.
I mean, there's an alternate reality, W wabi where maybe you stayed in luna just a week
too long and you're a totally different person today there's an alternate reality where there's
a very different lobby out there yeah sometimes trying to think about what ifs on the bad side
it's just not the best, man.
No, you should count yourself lucky.
I mean, you should feel every day.
It's got to feel like a blessing and grateful, right?
Donnie, where were you when Luna started going to zero, man?
Do you recall that day?
Bro, I was such a noob in trading that I was like trying to figure out how to short it.
I literally remember the day with my brother. We were trying to figure out how to short it i literally remember the day
with my brother we're trying to figure out how to short it i forgot what price it was at uh just
before the big big nuke and then i think we had figured it out but we were like obviously scared
and hesitant because it was quite a big position at the time and then we're like ah we'll look at
it again in the morning and then we woke up and it had nuked it was crazy and
then we're trying to like long the bottom because not long but like enter with spot because it had
nuked like so crazy we were trying to sell the bounce and it just kept nuking it was so funny
yeah yeah man you remember when when oil went negative man that was insane dude
like when people say that like something can't trend to zero or like below zero
the market always surprises you man and i think that's why like in bear markets like towards the bottom people are just more comfortable
um bidding things like btc and eth because even with soul like dude soul kept nuking
even after ftx like soul was nuking well into december and throughout december
and then it hit like eight bucks nine bucks and
and sentiment was just like so bad but i feel as if the bid that stratify has on btc
has avoided um the typical bear market that lasts about 10 to 12 months in crypto land
but with all that's just not the case alts are just
gonna turbo bleed a lot quicker right and we don't have like a 3ac involved um or anything like that
and like recently we've had that james winn guy um i guess some people can call him like a doh kwan where doh kwan had his liquidation
um on luna like all that bitcoin he had i think the lick price was like 40 bucks and once luna
went sub 40 it was just it was game over and everyone knew that so that was when doe tweeted
out something like oh go ahead and short Luna I have you know a lot
of billionaire friends that would buy Luna and that just wasn't a kiss yeah last last cycle was
very unique obviously in the sense that like you just had the turbo printing right but if you just like take it for what it was it was a policy maker decision and it materialized in
the market that's literally what we're waiting for right now it won't be you know exactly the
same but it's similar we're waiting for policy makers to actually deliver on their plans and
you know push the market in the direction that they said they're going to push the market.
Again, they're telling you the toolkit.
They're telling you the plan in public.
All the other stuff around the tariffs
and all this kind of stuff is just noise
because they have to deliver that goal.
And just wait for that to unfold.
And then you'll see old sketch a real bit.
And all of the attention will essentially be on there
when those kind of conditions are primed.
So I honestly think you'll have a similar thing unfold
with the old coin market.
Donnie, how do you see June playing out, man?
Now that this was the last trading session for the month of May?
Yeah, I reckon if I had to say,
probably you bottom on BTC within the first week or two and then continue running higher.
That's honestly my base case at the moment.
I just don't think we're done pricing in the liquidity expansion just yet.
It's only been like 50 days out of a 98-day DXY downtrend.
I would
think at least June will have
June and a bit of July will have
some upside. And then by the
time we get through June and some of July,
we'll also have more data and probably more
clarity and stuff to
see if the rally continues going into
August and September before maybe a
decent local top.
Matt, what about yourself, brother?
Wait, before you pass it on to Matt,
the other scenario is that these headlines,
they persist and people really do trade around this
and there's just too much uncertainty
and all this kind of stuff.
And you chop until like late July or something like that. And then it's just too much uncertainty and all this kind of stuff and you chop until like
late July or something like
that and then it's just getting too late
they'll just cut all the noise and
boom they'll go through with the plan and you start rallying
probably all of like the remainder
of Q3 and Q4 and then
potentially local top another run in
Q in 2026
right that's that's kind of the other scenario
I don't see it going longer than that without
literally going parabolic.
The melt-up isn't over yet, man.
Matt, what about yourself, man?
How do you see June playing out?
I think we lost, Matt, brother.
If anyone in the audience, by the way,
if anyone here in the audience wants to come up and talk shop,
there's about close to 400 of you guys.
So if anyone of you guys in the audience wants to come up,
talk your book, talk some shop shop feel free to do so I usually let people in the audience come up and talk their book usually on Fridays
so if anyone wants to come up would love to know what you guys are seeing maybe something that
that we haven't discussed anything that's happened even today right there's a ton of things that happen
within these markets each and every day and it's really impossible to uh cover it all on your own
so if anyone wants to come up open up that spaces tab and all that good stuff and i'll bring you
right on up we do have a few requests here guys but. But before I do that, if you guys can go ahead and show some love to the space, guys.
Hit the spaces tab.
Hit that link that says x.com slash i slash spaces.
Smash up the like button.
Smash up that repost button.
There's close to 400 of you guys in here.
And there's not even 50 likes.
There's only like 39 likes.
Only 39 of you guys actually like us.
Come on now.
It's a wonderful Friday.
We're here talking markets each and every day throughout the week.
I want to see that like button at least hit 45 likes.
We're at 39 likes.
I at least want 45.
Smash up that like button, guys. Hit the spaces tab.
Once you see all of our beautiful profile pictures right up on the net, on the jumbo channel, whatever you want to call it,
there's a little link that says x.com slash i slash spaces. Hit that like button. Smash up that retweet button.
If you want to see some volatility in these markets, hit that retweet button. If you want to see some volatility in these markets, hit that retweet button. If you
want to see prices going parabolic and you want to see the bears experience dire consequences
that are unbeknownst to mankind beyond the realm of their imagination, if you want to see prices
go so parabolic, it would shake the inner machinations of their mind frame hit that like
button smash up that reach that repost retweet button we're here each and every day giving you
guys live urgent and emergency news concerning all things markets so i'm gonna go ahead and bring
you guys up i see three requests if anyone else wants to come up feel free to do so
This is Wabi bringing you guys market talk by because Bitcoin we go live throughout the week
Between 4 20 p.m. EST to 4 45 p.m. EST
But we talk all things markets. Thank you all so much for being here
I'm gonna go ahead and bring some people up, but Matt. I see you have your hand up. What's going on, brother?
Oh, I was just going to give some context there. So I see some people adding me on where,
where did I mean for entry? Where did I, where did I mean for support? So that previous
outer space line that I had roughly at 104 that's our support right here so we are just
right above support right here and if you had been sidelined this whole time you found a big
bag of cash whatever honestly i would buy right here as close to 104 as possible and if you were
super scared if this was money you couldn't afford to lose, then fine. You just put a trailing stop loss, just have a stop out at 102,
a little bit of a negative 2%, negative 3% stop loss, and you're fine.
If we get 125 to 150 by late summer, late fall, that's a 25%, 50% gain to you. So you're risking negative 2%
to gain 20 or to gain 50. That's what you do all day long. And we had the exact same setup.
We had this exact same conversation in this exact same sort of setup 60 days ago
when we were sitting at 78 and 80K we were talking about like look you buy right here
put yourself a trailing stop at 75k or whatever in case we're all wrong and sure enough what
happened was okay yeah we had some scary wicks there but it was up only and you got 40 uh what
was that 30 40 percent in the next 40 days. And that's where I see we are.
That's where I see us right here.
Yeah, if you're super worried, like, oh my gosh, look at this.
We might fall back into the range below us.
Well, fine.
Put yourself a stop loss at 102.
That way you can sleep at night.
But truly, if you're looking to long, the previous resistance looks like it just became support.
So that's what I'm talking about with a breakout retest hire.
I think that's right here.
All right.
So we have three people on stage. I only ask one thing with you guys, given how this platform does tend to have a few
unhinged people that often quite scare me. And really, some of these characters on this app
remind me of some of the supporting cast members from the Boondocks. If you guys check out the
Boondocks, it's a cartoon show
I'm sure you guys know exactly what I'm talking about, but nonetheless
I'm gonna go ahead and
Have some of these guys that I brought up come up and speak
Andrew Perez
Andrew what's going on brother? What's up?
Hey guys, thanks for having me. Thanks for giving me a chance to speak
Follow a few of the
people here it's first time in this space i've been following you donnie for a little while
um i think i heard you in a space uh maybe a few weeks ago with joe i think it was joe who brought
you up he said you're his quant you're my quant too now man uh i'm just curious here and um you
know obviously right now we're seeing like this little
i'm calling it the dip before the rip um you know obviously it's you know i've seen a lot of charts
going on online that it's pretty much just tracking with m2 i mean is it that simple is this just
really tracking with m2 and besides that if it is i seeing in those same charts that it's looking like it's tracking to maybe a possibly like 138.
Could it go higher than that?
And honestly, you know, like you said, with some of the policy things, I'm thinking, you know, if they turn on this liquidity for the reasons you mentioned with all the political stuff, there's a lot of uncertainty.
I work in staffing. And so I see it with clients that are just holding their they're not even taking losses right now.
They're just holding their money tight.
They don't want to spend it.
Once the liquidity starts flowing, I don't see them turning it off anytime soon.
I mean, how long do you think that liquidity flow, you know, after COVID?
I mean, we had it for a few years.
Could this be some sort of prolonged bear market?
If so, what do you think could be like a top?
I know people hate price, but just wanted to ask so i'll start with a technical pullback um yeah i think and regards to m2 um m2
is more of like or any sort of liquidity measure that you may be using i i personally use the
global m2 thing on uh trading view but also i watch mich Michael Howell's updates weekly on his liquidity measures. He's
probably the best in the game for that. And even his was trailing up into the right, broke the
prior high that we had in Q4 of last year by a significant margin, many trillions of dollars.
So that lasted a long time. And again, the DXY nuke lasted about 98 days which we've been in an uptrend for about 50 days
so there's still a little bit more juice left
so if it trails M2 exactly how those lines on the chart
say it's probably like not good to get too caught up on that
more so the direction and how long
it's projecting that it's staying in that direction
so yeah this dip can like fit into that pullback that it says that we could be having right now.
But again, even just technically on the actual chart with the liquidity points, the support zones, all that kind of stuff.
And the context of people got priced out this entire rally and they were waiting for those very obvious pullbacks, which they never got.
And then we finally had leveraged
longs capitulate at the all time high. It just makes sense to have a technical pullback here,
whether it goes to 103, 101, or 99.5, 97.5. I don't know, because I don't control the books.
But you know, what follows, in my opinion, the expected order flow from there is a higher high
to break the 10112 high that we had. So we'll see if we get that. I think there is a higher high to break the 1.112 high that we had.
So we'll see if we get that.
I think it's a pretty decent chance based off all the other stuff we spoke about.
And what was the other question?
I mean, how long do we think this spigot could stay on?
Ah, yeah, the liquidity stuff. Yeah, so since we've dragged on until, you know, what is it, halfway through 2025,
and they have that goal of winning, well, they have the goal of the pro markets,
you know, booming economy sort of thing.
They want to do that.
And you literally heard in a recent interview, I think someone asked Trump about,
what do you think about Elon saying the big, beautiful bill was like bad and all this kind of stuff. And he goes, you know, we've got midterms to win. We need to get this
market juiced up pretty much. You know, if you if you dissect what he said, they're trying to win
that, right? And this is the regime that they want to do. And Scott Besson is telling you,
I don't care what the Fed does. I have trillions in liquidity that I'm going to inject so we can
follow through with that plan. So, you know, to me, it in liquidity that I'm going to inject so we can follow through with that
plan. So, you know, to me, it definitely feels like we're going to last into 2026. If they start
rolling that out, it could even go the whole of 2026 all the way up until the midterms. You have
a booming economy and market heading into that. It's likely that, you know, things continue.
Voters even go leading into that date, you're going to have voters
watching what they have done. So they want to have it looking good for that. So I think it can last
all of 2026, for sure, at least quarter one. So yeah, we'll see how it unfolds. That's a lot of
trillions that they're talking about. Five, six, seven, eight trillion. And how long a top can last after that,
or a bear market?
I have no idea.
I'd have to see how parabolic it goes,
all that kind of stuff.
I would assume the higher it goes,
the more leverage that's actually piling in on BTC
and all this kind of stuff,
probably a big nuke would follow after that.
The higher you go, the bigger the pullback sort of thing. If we only go to like 150-ish, 200, I wouldn't expect an 80% nuke would follow after that, right? The higher you go, the bigger the pullback sort of thing.
If we only go to like 150-ish, 200,
I wouldn't expect an 80% nuke.
All right, next up we have Jack.
What's up, Jack?
Hey, gentlemen.
I appreciate the opportunity to speak
and be on the space today.
Thank you for your insights.
And I just want to throw out,
pick your guys' brain,
thought-provoking thoughts. With the Fed maintaining the chances of a 98% in June for interest rates, and with about 55 to 60% of the $9.2 trillion that needs to be rolled over for U.S. debt. What do you think the Fed, or I mean, not the Fed,
but Scott Bessent has in his toolkit for combating this?
Do you think that they'll just try to roll over at the 4.25% to 4.5% rates?
Or do you think that they'll try to maybe provoke a slight recession just to like see if the fed will drop rates
emergently and then do the debt rollover at that point
donny we saw that when the market was nuking
percent didn't really care about what the fed was going to do so i mean pal didn't really
give a crap about the s p being at 4 800. um i think the real fed right now is honestly beset
and whatever recession we were going to have happened within that what was it man like
session we were going to have happened within that what was it man like 65 day period when
the cent went on national tv the week after inauguration and basically said we're about
to nuke the crap out of this market and trump said the market is sick and it's about to go under uh
an operation but as far as like some of the broader macro stuff you touched upon as far as
rolling over debt and all that stuff don't you want to touch upon that uh feel free to do so man
yeah so basically all of the um all of the measures of liquidity that they're wanting to
basically inject into this it's all targeted towards uh you know treasuries right so they're
trying to put like a cap on yields.
If not, bring them lower.
So that's the 10-year bonds and higher, long duration.
So as long as they're doing what they say they're going to do
with the SLR exemptions, treasury buybacks,
and that company that they're wanting to put forth,
then that will cap and bring yields lower.
So I think it's just that simple.
That's essentially their plan.
Thank you, gentlemen.
All right, next up.
sorry about that guys uh i've gotten a call but i'm gonna go ahead and pass it on over now
it's a mar mar he's come up here a few times mar what's up man yeah what's up because thank
you for hiring me up uh i actually put my phone on
not disturbed because the only two times i've come up i always get a phone call uh man uh two
things i actually have two questions uh like how low do you see bitcoin going uh retracing for you to probably say hey uh we're getting that uh that double top similar to 2021
you know 66 and 69 uh like what what would be the price where you'll be you'll be worried about
like for me like at least the low 90s of you know and second question i've been hearing a lot. I don't understand too much about treasuries and stuff like that.
But I've been hearing that odds are probably going to struggle a little bit
because when Bitcoin retraces and it seems like we're going to get off-season,
and, you know, it seems like we're going to get off-season.
A lot of people, instead of going to odds,
they're going to go to Bitcoin treasuries.
Can you explain that a little?
Because I've heard this already multiple times in different spaces.
As far as treasuries are concerned, I think Donnie can touch upon that.
But as far as price action, you know, if I were to consider a double top,
I mean, the thing with the 2021 cycle in that second half was everyone was rushing into crypto because of inflation fears.
They said, oh, you need to you got to buy crypto because CPI is going up.
And Jerome Powell says that inflation is transitory
and Powell's bluffing and all that jazz.
And the day that we actually topped that day
was when the Fed came out and said,
we're going to hike rates by a pretty large degree.
And you even had Christine Lagarde come out and say that a lot of
the excess from the COVID stimulus into markets was going to be reduced to a halt. And a lot of
that froth was about to be expunged. And so it's just it's different context.
And right now, monetary policy is still a bit restrictive.
So double top as far as like locally, sure.
But cycle wise, where we're going to go ahead and deplete by 60 percent plus,
I don't really see that happening, especially with the context that we have with what
percent is going to do to these markets um you know injecting liquidity and all that kind of
stuff but I could see BTC going as low as like 93 94 and it would still look pretty damn good on the weekly um and that would be what like a 15 to 17 correction but of course with all
coins i mean just take a look at some of these alts there some of them are down you know 35
40 even 50 from their local highs uh from earlier this month so you know the all coin game is kind of like the options market now
where you can be blown out of your position um pretty damn quick while the rest of the market
trends higher so uh donnie or matt if you guys want to touch upon his answer as far as treasuries
are concerned in relation to all coin outperformance underperformance feel free to do so
as that is uh beyond my scope of knowledge to be honest yeah he's just basically talking about
companies like microstrategy right they're bitcoin treasuries so a lot of these are trying to like
open up and you know lever into btc and all this kind of stuff so therefore you've only got a
bitcoin bid right um yeah i have a thesis on that one too.
Oh, I'm sorry.
I thought he meant treasury yields, not Bitcoin.
Nah, nah.
He said Bitcoin treasury.
Yeah, treasury companies.
People are expecting alt season,
but that space is going to be way higher demand.
So just because people are bidding an ETF, right,
which is in its own pocket, you can only pretty much bid uh bitcoin and eth at the moment it doesn't mean that people who hold
bitcoin outside of the etf aren't going to appreciate in their bags and sell their bitcoin
and use that to trade altcoins right so if btc still goes up in value because of all these people
piling into the bitcoin etf and whatever stacking their treasuries up. Well, there's people that hold Bitcoin that are in the decentralized space,
right? And if their bags go up high enough, they're going to sell it and they might buy ETH.
That's just how it's going to flow. So it doesn't actually change the game up too much. It actually
could even benefit an alt season even more greatly than before because of that, because you're just
going to have a very explosive Bitcoin price action.
So just check the on-train metrics.
There's a lot of good accounts to follow.
Checkmate is one of them that I follow.
He's super nice.
You can see when long-term holders of Bitcoin start selling
and buying ETH and stuff like that,
which might not come for some time or it might come very soon.
We don't know.
There are certain alt-season triggers that you need to look out for. I've posted one. I'll post it back up in the nest.
I think when all four of these hit, you're going to have an explosive rally. So whenever that
happens, I think alts will run. But yeah, in terms of like the 2021 style double top,
the context is completely different this cycle. Like Wabi said, massively inflationary cycle last time.
All of the liquidity had already been dispersed out into markets
and then the Fed started hiking rates, right?
A very big nuke to the market right there.
The context is completely different now.
We're waiting for a global liquidity expansion
because this new administration wants to push forth their pro-growth, pro-markets, tax cuts, deregulation
regime, which is going to juice the market higher. So we're actually, if you had to say,
we're in a starting point rather than an ending point. So it's completely different.
Levels on the chart, I personally don't think this goes lower than 97.5 at the lowest.
What would kind of start to get worrying is if you lose 88.8K, right?
You're probably headed for fresh lows there,
but I don't think you'll even retest that level, to be honest.
I think it's just a technical pullback.
And you can already see with the fear in the market,
people are already like, what if this goes to the low 90s?
So bears get greedy on the downside.
They don't buy the dip.
They ape at the top.
And that's kind of how it goes.
I honestly think these Bitcoin treasury companies,
market strategy being the biggest and the most obvious,
but all the copycats that are coming online right now,
I think that that's what gives us a blow off top this cycle.
I really do.
Just let's think it out. So the higher Bitcoin
goes, the bigger, the more volume that these Bitcoin treasured companies are going to bring
in, the more attention they're going to attract, the bigger their buys will be able to be.
Because, you know, obviously as Bitcoin goes higher, the value of those companies goes higher,
the more debt they'll be able to sell, the more shares they'll be able to sell for higher, the more interest they'll have. It's a flywheel that just
keeps building on itself. And obviously, since then these companies have actual operations,
they're not building cars, they're not manufacturing staplers, they're not doing
anything. They're just monetizing debt and shares. And it all works fine. It all works fine as long as Bitcoin price
keeps going up until you outpace the natural buyers and the natural adoption rate. Once you
start outpacing that, we all know what happens. You get to unsustainable levels of price and you
get a massive correction.
It's inevitable.
So I think these Bitcoin treasury companies, yeah, it's going to be fun times and champagne and cocaine on the way up.
But I think they actually give us a blow off top that we didn't see last cycle.
I agree with that.
A blow off top into a margin goal.
Yeah, yeah. I mean with that. It'll blow off top into a margin goal. Yeah. Yeah.
I mean, yeah.
But, hey, it's going to be fun on the way up.
That's 100%.
It will.
But we see this, too.
Matt, did you see that story about some dude farting in a girl's face
and she got E. coli for like seven years
i did not yeah i saw it in the comments someone was talking about far coin
i knew it i knew i was just waiting for this. Yeah. Yeah. But, but that's my, but like love them or hate them. Donnie's right. Donnie's right. That the higher Bitcoin goes, the more money is going to flow out to all coins. That's just, that's just inevitable. You see the same, you see the same thing with the S&P 500, the better the S&P 500 does, eventually the Russell 2000 catches a bid.
But if you...
Or individual stocks.
Or individual stocks, right. And it doesn't mean that every single Russell 2000 company
is going to outperform. Absolutely not. There's going to be like 5% or 10% of them are going to
be winners. And the other 90% are always going to be dogs just like altcoins. But yeah, that, that natural phenomenon will happen and just, you know,
you don't have to love it. You don't have to hate it. It just, it is what it is.
Well guys, I think we can call it here.
I want to thank Donnie, Matt and everyone else who came up.
We're about to close up shop here. It's almost 6 PM EST,
which is the time that we usually
uh close up these spaces so i also know that x is kind of acting up guys like it's uh it's
kicking people out and all that stuff requests bring them up and it keeps falling back but
i want to thank you all so much for participating on today's space to everyone who came up ask your
questions talk their book and also special shout out to Matt and Donnie.
Go ahead and follow everyone up here on the panel, guys.
And if this is your first time tuning in, we are Because Bitcoin.
We go live throughout the week.
First show is on YouTube.
Usually hosted at 11 a.m. EST or 11.15 EST AM between those time slots.
Shows all things, technical analysis, charts, graphs, stuff like that.
And then later on that afternoon at 420 to 445 PM EST, that's the usual start time,
we host Market Talk hosted by me.
And we discuss all things price action, narratives, dubious speculation, local price talk, all
that good stuff.
So if y'all
enjoyed the content and think to yourself, man, I really want to keep up with what these guys do.
Feel free to follow that giant yellow sign. We recently crossed 33k followers. Shout out to y'all
who share what we do here on a daily basis. So if you haven't yet, go ahead and follow us. Go ahead
and follow that giant yellow square and feel free to turn on bell notifications
So you can be made aware of whenever we go live post memes
And of course we are one of the fastest news pushing platforms in this entire app
So whether you guys are into you know urgent crypto news or even tried to find news
We are one of the fastest ones that publish that sort of news. So if you're looking for an all-in-one stop shop for all things, live stream content, entertainment, education, stuff like that, or crypto news or market news based things or even memes, feel free to give us a follow. Feel free to turn on bell notice and also tell a friend to tell a friend about us here because bitcoin so you guys have a good rest
of your day have a safe weekend and we'll see you all on monday donnie matt thank you all for coming
up shout out to you guys who have tuned in throughout the space and of course for those
of you that are new i hope you guys have enjoyed the content over the last days or weeks or months
whenever you started following us and shout out to our longtime supporters that have been following us over the last two and a half years so guys it's
king wabi signing out peace out god bless you all shout out to my lord and savior jesus christ for
providing me another day of health to talk marcus with you all so bye bye everyone hope you guys
enjoyed today's show. Take care.
