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Market Talk- MASSIVE PUMP incoming for crypto!? Melt up season soon!?
Recorded: Sept. 24, 2025 Duration: 1:16:19Space Recording
Short Summary
The crypto market is experiencing significant growth and emerging trends, highlighted by Robinhood's stock reaching an all-time high and the bullish outlook on new projects like Aster and Stable. With strategic partnerships and successful trades in the community, the sentiment remains optimistic as the market evolves.
Full Transcription
Thank you. Thank you. Thank you. you was Thank you. Music Music Music
Music
Music
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Music Music Music Music Music Music Music Music Open up the limit.
Mark alone raising a hand.
Don't run down, just keep your hand and finish.
Open up the limit. Oh
Thanks Oh the brakes baby I I'm going to go. I'm going to go. I'm going to go. I'm going to go. I'm going to go. I'm going to go.
I'm going to go.
I'm going to go.
I'm going to go.
I'm going to go.
I'm going to go.
I'm going to go.
I'm going to go.
I'm going to go.
I'm going to go.
I'm going to go.
I'm going to go.
I'm going to go.
I'm going to go.
I'm going to go.
I'm going to go.
I'm going to go.
I'm going to go.
I'm going to go.
I'm going to go. I'm going to go. I'm going to go. I'm going to safe but I'll be there Music I'm sorry. Welcome to the limit.
Stand below the raisin's head.
Don't count, just keep jogging.
You'll be feeling.
Welcome to the living.
Welcome to the living.
Welcome to the living.
guys something insane is about to unfold in this market ladies and gentlemen to start off the show
i want to welcome you all back to market talk brought to you by because bitcoin i'm your host wabi welcome back to market talk guys as i said
something insane is unfolding in this market right now we'll start off by mentioning a name
that i typically mention at the start of these shows which is robin hood stock another all-time high hitting 130 earlier in today's new york session an all-time high of 130
per share and also another uh favorite on the show iron stock iron stock mike alfred mode man
our favorite crypto unk hitting almost 50 per share We've been talking about that stock since $12. You know, the show is
called Market Talk, right? Not crypto talk, not stock talk, market talk. We yap on everything
markets, everything markets. And I hope you guys are sitting sitting quite nicely we've been talking about aster since friday
yesterday we gave the call on stable which is up like 50 plus percent today since yesterday's show
and uh for those of you within the because bitcoin discord you'll know just how much we've
been killing it shout out to all our guys in the discord we sized in on pump at sub 003 and then we rotated that into aster and now into stable so guys
shout out to all of you guys that are active in the calls that are active in the chats
and um just a huge appreciation as well to all of you guys that show up to these shows and all the speakers and all that stuff.
And I never take any of this for granted.
But we do have the indices chopping to the downside today with a few select names.
Green, Coinbase is green for whatever reason.
reason. But it's just so crazy how the few stocks that we yap about on the show tend to do quite
well. And it's honestly great whenever we have the opportunity to speak with individuals that
are members of the board on some of these companies like my girlfriend when it comes to uh when it
comes to companies um like an iron for example um but some other stocks that i do want to mention
today which i do think are going to provide some deep value if you just want to have your money
parked on a fidelity or a schwab account or robhood, whatever brokerage you want to use has been a stock that we've mentioned in the past.
Not as much anymore, but Circle.
A few of the guys at BB, we got in at under $100 per share.
And then it had that parabolic rise.
So I think Robinhood, my bad, Circle stock spiked up to almost 300 per share.
I'm aware it went well above 200.
I think it almost spiked to like 250 or something like that.
But you do want to start to have like some actual long-term stuff,
whether it's a spot BTC, spot hype, or spot soul, whatever you want it to be.
btc spot hype or spot soul whatever you want it to be but um as far as like right now guys honestly
the conditions and the setups are shaping up to be now as as as i've uh as i've discussed with
some of you guys individually i think this is q4 of 2023 where we start to see uh things like
centralized exchange all coins lead the way one one of them being BNB.
If you guys pay attention to Q4 of 23, you'll notice that things like BNB actually led the way.
And now we're seeing BNB doing the same thing, where BNB is actually starting to outperform Solana.
I think BNB actually flipped Solana as well. And now there
is some actual opportunity within Binance chain, which honestly, if you were to ask me around this
time last year, if I thought BNB was going to be anything, I would have told you no. I think over
the last few years, the only things that have happened since the bottom of the bear market in late 22 has been like three meme coins, I think.
I know there was one run where like influencers were launching their own token on BNB.
And I know like two or three other meme coins were released on BNB.
I think one of them was a cat coin that i played
last year uh simon's cat i remember simon's cat i think that was one of them bob the builder was
another one just basically like just trash memes that was really the only thing that was uh launched
on bnb over the last few years But now there's actually something that's tangible
and has quickly found product market fit,
which is one, privacy,
integrated with the seamlessness of a hyperliquid
and also liquidity pools where if you're on sole,
you can also use Astrodex and all that stuff.
So things are shaping up in a good way as far as that goes.
And then you also have stable with Franklin Templeton
mincing a bunch of stables on it to do some DeFi stuff.
And if you pair that with, I think Powell was mentioning some,
he was alluding to some form of easing last night,
then you could say DeFi is probably going to be that first massive mover.
And it's so strange, man, that BNB chain came out of nowhere.
And the only thing that we can honestly compare this to, guys, is when Solana started to have
some on-chain activity around this time about two years ago.
If you guys are going to because
bitcoin youtube channel and you go all the way back to like september uh 2023 myself and max
we did a video on solana when solana was trading at like 13 to 15 bucks we'd actually recorded we
recorded the video when seoul was at like 12 but it wasn't published until a few days later where it spiked up to like 17 bucks.
And we were saying how Solana has two directions.
It either forms out to be like Neo did in the previous cycle, where it makes like a complacency high or a double top.
where it makes like a complacency high or a double top.
Or, and this is where we fleshed out the thesis,
where it could shape up to be an easy layup trade
as Ethereum was in the 2019-21 cycle.
Thankfully, it ended up being the later half.
And the reason why we made that video
is because around that time,
there started to be there was actual movement on chain occurring very very slowly specifically with um things like neon
and this one gaming token called prime there was some activity uh shaping about and also the
solanophone um was going to be released in like a couple of weeks.
And that was originally my thesis on the Solana phone, which I think I'll put up on the NES at some point.
But that was in early 23.
And no one really expected Solana to have any sort of on-chain activity.
But the Solana phone came out and then bonk started
going absolutely ridiculous neon started going absolutely ridiculous orca tokens started going
absolutely ridiculous um with came out and that went to billions so no one really expected solana
on chain to be a thing guys nobody at all even when whiff was going crazy like
some things some things were there were some things to generally be excited about but it really
wasn't until pump fun came into the fray where things really started to heat up and there were
always things to do on chain even if majors weren't doing anything and the cycle before that in
the last cycle there wasn't anything to do on solana i think the only things we were able to
do was buying serum srm and uh radium and then bonfita those were the only things to do on chain there was nothing else to do um outside of a few like nft mints like uh
the smbs cleanosaurs stuff like that uh solaniums i think they were like some 2d robot nft
and now we have bnb where nobody really expected anything on chainchain to happen within BNB or Binance,
Smart Chain, whatever you want to call it.
But here we are.
We have a select few winners, an airdrop that's probably going to be really fat,
and probably some more stuff that's going to be launched on that chain later this year.
There's a lot of AI infrastructure plays that I've been eyeing for some time that are going to be launched in q4 uh some of them will have liquidity pools
on bnb as well and some of them will probably launch on native bnb exclusively and that's the
thing with this market guys no one really expects anything to happen until it actually does, right?
Nobody expected BNB to have a narrative until it actually does.
Same thing with Ethereum.
When Ethereum chatted and outperformed a lot of smaller altcoins,
nobody really expected it until it actually happened.
So I'm expecting some crazy things to happen, unexpected things to happen.
Fruitfulness to the upside
rather than the downside. I think there's going to be more things that offer surprises to the
upside rather than the downside. And the beautiful thing with some of these large caps that have been
running is that they don't really have the volatility of some of these on-chain tickers.
If you look at most tickers on Solano when they come out their volatility is honestly like
a jungle it's insane but now you have some tickers launching on bnb and it's cz painting the chart
and in an absolutely beautiful fashion where i can only compare them to some of the large cap names like a tia cillian say that came out in q4 of 23
and those were some very very beautiful trends um i also think pump is probably bottom tier
uh in my in my opinion or at least forming some um accumulation i think it's down like
i think pump is down like 30 off of the highs um so that's usually a good that's
usually like a good discount for something that's large but um i think we're gonna go ahead and get
started guys there's uh a few things to talk about that we could expand which we were yapping about
yesterday i want to save some juice and some very exciting things happening, to be honest.
I know I repeated this yesterday, but we've seen this kind of price action before where equities lead and then they bleed and then crypto starts to catch up.
I think BTC is even green over the last 24 hours.
Same thing with ETH and SOUL.
So it starts slowly and then all at once.
So you start to see indexes pull back. And then if you select names, it's usually been HUD as the
leader. And then crypto follows and all that stuff. And lately, over the last two months,
it's been things like IRN, two and a half months, we were talking about uh consistently on the show since
it was trading at like 12 bucks 13 bucks somewhere along that line uh so shout out to mike alfred
for that man um what a giga chad and it just goes to show how much opportunity there is
not just in crypto but just the broader market um in general guys uh another stock that i've also
been eyeing over the last uh couple of days has uh has been rivian that thing is down like 90 plus
percent and uh if you look if you look at other ev ev companies like electronic vehicle companies
other ev ev companies like electronic vehicle companies you compare that to like a carvana it's
it's probably the same trade to be honest man and if the iwm is gonna absolutely chad which i hope
it does i hope it's not like another one of those like ah just poke above the previous all-time high
and straight back down if it actually does break out with gusto and trades
above like 300 then i think that's when like i guess like a true alt season comes and others btc
breaks out which i do think it will come but it's probably just going to take a lot longer um
originally i had thought that uh sole btc was going into price discovery and ETH BTC would test the 2017 complacency high at the very minimum by next summer.
I've just accepted at this point it's probably going to take a bit longer than that.
And that's fine.
I'm happy to admit when I'm wrong.
But, guys, before I pass it on over to Donnie, and I'll let you guys come up as well, by the way, if any of you guys want to come up.
But before we get the show, the discussion started, if you guys can go ahead and show some love to the space.
Click the spaces tab. And once you guys do that, you'll see our profile pictures.
And right above our profile pictures, you'll see a nice link that says x.com slash i slash spaces.
If you guys can go ahead and smash up the like button, smash up the retweet button as it does a number of things, such as helping the show get blasted onto the algorithm
and that does wonders for the brand it brings more eyes and more ears to the bb brand to these shows
and i'm always appreciative of anything you guys do to further enhance our growth shout out to all
of you guys that are listening here in the audience
or listening to the replay. I love you guys very, very much. So that being said, Donnie,
are you stabled up, man? Is this a stable market? And you know exactly what I mean by that.
I got on the phone with Donnie last night. I gave him the thesis over and over and over.
And I truly think, guys, at the very least, if we want to talk individual tickers here,
something like a stable has a good RR to catch up to something like an ENA,
which is valued at a significant a significant premium um and also
comparing aster to hyperliquid and aster is catching up aggressively as far as fees and
volume goes compared to hyperliquid that's another pretty solid rr trade even at these valuations but
uh that's pretty much what i've got on the show i
want to see what donnie has to say but uh donnie we have some movers bro stocks are moving iron
with a monstrous day man double digit percent uh when we were talking you mentioned how 45 was the
target after or rather before iron broke out of its uh previous all-time high of like what was it 16
bucks 17 bucks it broke 20 and you're like man this thing can moonshot straight to 45 and here
we are it's very rare guys i just want to mention this you will hardly find a stock that is a high cap that's liquid to give you a 200% plus gain in less than a quarter.
That is very, very, very seldom.
Very seldom.
I think the only other stock that has done that recently has been Robinhood.
Robinhood bottomed at like $35, $37 in April.
And within three months, it did a 3X, or close to a 3X.
And that's still a trade, by the way.
I had mentioned this months and months and months ago.
I had mentioned this months and months and months ago, even on the BB Discord.
I had said that there's a pretty clear arbitrage trade to be done with Hood against MSTR.
The Michael Saylor story is done.
It's cooked.
And the new story is with Vlad, the founder and CEO of Robinhood.
is uh with vlad the founder and ceo of robin hood there's a story to be told there and it's now
coming to fruition and if you pair hood against mstr that that should tell you a story i i barely
do any pair trades but hood against mstr like that that chart is just straight up and to the right
Like that chart is just straight up and to the right.
And I think you finally see Galaxy Digital doing some numbers here in the coming weeks.
That's a trade that I think I was like a bit too early on.
But I think that one comes to pass eventually.
But Donnie, what's going on, bro?
Welcome back to the show.
How are you feeling, man?
And great to have you. Great to have you on the show, bro. It's going to be an insane couple of next weeks, man.
Hey, bro, if you're speaking right now, man, if you're speaking, we're not able to hear you, bro.
I think it's the co-host thing, dude.
I'm pretty sure it's the co-host.
Yeah, if you're talking right now, I'm not able to hear you at all whatsoever.
You're going to have to join uh via mobile again man or just how about this just drop
drop his co-host and i'll bring you as speaker we'll see if that works I think...
Okay.
Are we good now, brother?
Nothing, bro. Nothing. nothing bro nothing oh dorito's throwing hearts so apparently he can hear you
um yeah donnie just join join on mobile
all right we'll see uh can you yo yeah i don't know why um my like desktop version isn't working
on spaces whatsoever dude it's it's it's because they're not understanding the playbook that's
that is exactly what's going on here they don't understand that what's about
to unfold um is insane yeah i i don't know what it is but that's super annoying but i'll run off
my phone again um yeah our chat last night was hilarious bro that was that was something else
but you killed it with stable that was a good call it's just for me like obviously
you know you can value these things in a different way like you were valuing it in a nice way
comparing 200 ish um that's the best way to value these but like when i was just looking at the chart
i was like man this things up a lot but uh yeah, now you crushed it with that.
Bro, in terms of the broader market, today actually gave like a little bit of signal as to how every other year played out versus, you know, some leading assets like the stock market, like gold for BTC. You mentioned Q4 of 2023. We had very clear divergences in price between
Bitcoin and SPX at that moment. In September, going into October, all the way starting from
the start of August, the stock market was clearly in a downtrend, right? Lower highs,
lower lows the whole way through.
BTC kind of just flatlined around 25k. And obviously we had a catalyst to propel us off those lows sooner than the stock market. But nonetheless, around that October, I think it was,
in October, there was a pivotal like FOMC moment that occurred. And that's why we rallied off those lows basically all the way through to January.
And then looking at like a much more similar scenario of last September when we bottomed around the 6th of September or something like that on BTC's price.
We actually built an uptrend from there, obviously with massive shakeouts in between the whole way through until we got to 74K. And actually, when we got to around 65-ish, we started putting in
higher lows and the stock market was actually correcting for like a couple of weeks with lower
lows. I think it was actually two or three weeks. And BTC was slowly approaching that all-time high again. So it looks kind of similar to me right now.
Of course, we just had FOMC.
We just put in a monthly low on September the 1st at $107K,
and we've rallied a lot since then, $107K to $118K.
That's an $11K jump, and we're having a pullback now.
I think it's for a higher low.
Why?
Because all of the other charts, gold, DXY, and equities,
they're all confirming that we're on the right side of the trade
in terms of the macro setup because they're being priced in.
Well, the macro is being priced in in accordance to what's going on.
So it's just BTC, again, lagging until the inevitable pop happens.
until the inevitable pop happens and that's just how BTC performs like it just chops and then it
And that's just how BTC performs.
just rips very differently to how you know the stock market kind of has this up only algorithm
with passive flows and all this kind of stuff so we're kind of there right now and today obviously
stocks and gold were down and BTC was up it's just day, so you can't take a lot of signal from it,
but it's still signal because technically if things were bearish for BTC
and that happened, then price should have gone lower, right?
It just should have gone lower.
It's that simple.
And actually comparing it to the last year September setup as well,
if we throw gold into that mix mix and I can't show these charts
which is super annoying because I'm on my phone but if we're looking at the BTC gold chart and
then put gold down below we actually bottomed against gold on September as well you know around
that rate cut or going into that rate cut sorry last year and now we're kind of doing the same
thing we're kind of having like a capitulation to the downside on the BTC gold chart,
just losing like local market structure.
But it's while gold is ripping as it was last year
until it got to that pre-election high that gold put in around 2.8K.
And then during that rally, let's say from September the 1st
all the way until late October, gold was continuously
rallying higher. BTC had bottomed against gold and slowly was building this uptrend, kind of like
how we're building it now, until gold actually hit a top there and then BTC expanded like crazy.
Gold is doing the same thing now. It was just in a range, right right 3.5k was the high it ranged for many many months and now in september um you know it's ripped uh through the all-time high and it's
approaching another technical level which is around 4 000 um you know it could hit that pretty
quickly let's say by like i don't know the end of october or something like that and btc can start
building this uptrend against gold and maybe gold chills
out there around 4k just for a little bit as btc finds its bottom here and makes its way back to
the all-time high before another breakout so again it's rhyming like every other year that we've had
like a similar sort of uh divergence between crypto and all of these other leading assets
and i think it's no different
because the macro is being priced into these charts that are much larger and they tend to lead anyway
but obviously it's brutal looking at you know altcoins and things like that unless you're in
some of this newer stuff that's moving uh super nicely because they're just continuously having
lower lows um but the good thing about that is that, you know, if you are seeing the same data
that I'm seeing, and you think things are going to be bullish, eventually, and probably sooner
rather than later, then all of the downside that you're experiencing now probably gets wiped out
within a week, when things actually do get going. So yeah, it's, it's tough to, you know, bear the
volatility to the downside. But honestly, the setup is truly right there.
And it will play out, in my opinion.
So just have to continue to have faith in the setup.
And I think it'll play out.
But yeah, on-chain's horrific right now, especially memes.
But that also does make for a good opportunity to uh you know add to your
bags dca bring your averages down because again if you have confidence in the broader setup actually
playing out then you know you're getting extreme discounted prices across the board but yeah uh i
think i had a bunch of other stuff to share but like that's impossible through my phone right now
but yeah what are you
seeing out there Bobby as far as like names and stuff just the setup overall like bitcoin lagging
behind uh stocks and things like that yeah um I mean we we've seen this kind of stuff before man
um and like hood outperformance has always been like indicative of like crypto eventually falling.
It's just like at least short term, I just feel like it's probably just going to be the same thing that we've been seeing over the last few years where it's just like only a few names outperform uh and a few of those few names are
staring staring at people right in the face um so you think if btc breaks out um you know to a new
all-time high you're only gonna have selective coins running well i i think it's gonna be like kind of like with ai right if you saw that run that ai did
like yeah like memes and stuff ran but like the correct sector to to be in was uh with ai and
another example would be like so far this quarter right um when i gave that thesis on pump when it was like
when it was like just about a break above uh 0.003 i gave that thesis and that was an outperformer
and now we're starting to have like these revenue generating companies outperform and in q2 was all about hype and
i remember like when i gave that massive pitch on hyperliquid at like 15 bucks um
you know i was stating like don't be shocked if a high cap outperforms a lot of these lower cap altcoins.
Same thing with Pengu.
And so, gosh, man, it's really difficult because so much time has passed.
And whenever we do get that wave of brett,
it's always just one sector outperforms and then the rest are just like
a little catch-up trade right and i i truly think like others btc right um has that breakout candle
only when iwm actually has that huge breakout and starts trading like near 300 um but until then
like i just think it's gonna kind of be more of the same stuff right like if you weren't if you
weren't trading these names that we've been yapping out about about this show you've just been waiting for like something to happen and a bunch of trades just just like
pass you by and i think with this market it's so different from the equity markets because in
equities right like as long as the s&p and the nasdaq go up then like whatever stock that's
somewhat trending is going to chad right like robin hood stock it's
gonna chad iron it's gonna chad right coin it's gonna chad whether it is in crypto land like
you actively need to log on and like if you're not using x then like i don't know i don't know
how people are getting their info.
Or at least like a telegram or something like that.
But you need, with crypto, you just need so many other funnels of information. You've needed so many other funnels of information to outperform since Q1 of 24, right?
Like, that time period of like late Q4 23 to Q1 of 24 that was like somewhat easy mode and since then it's just
kind of been like these pockets of outperformance and i think like hodling has been if you if you
want to if you've wanted to like maximize performance then like simply hodling wouldn't really be it right like if your goal is
30 40 50 x you've had to rotate you've had to rotate like if your goal is to outperform btc
and then use those gains to increase your btc stack and to increase your cash stack then
you've had to rotate where there is an equity lands like bro you you've just had to hold
hood stock or coin stock from the lows right it's it's it's been a lot easier uh for stocks and i
think like the easy mode overall that huge wave of bread for crypto uh doesn't really come until like
equities are close to topping at this point, in my opinion.
Or at least I think I'm wrong from my original thesis where I thought others BTC would just chat up like crazy going into Q4.
But I do think we're still going to have that pop, though.
Just not as explosive as I had originally thought
but what changes on the mean side what changes your view on others BTC not
popping it's like the only thing not occurring right now is literally that
BTC hasn't broken into price discovery because you've got Bitcoin dominance
ETH BTC, SOL BTC, others BTC all in, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, BTC, rally against gold btc rally against spx and then you've got all of the internal things that make
old season uh you know make up the old season dynamics like bitcoin dominance east btc sold
btc others btc also in the right direction how does that not occur like you're literally getting
you're being validated by bitcoin versus gold and bitcoin versus spx that you're getting rotations
out of those two into bitcoin and then you've got all of the old
season triggers in the right direction like to me it makes zero sense i i think it happens but
probably like late this year or early next year man um and that's like the high time frame thesis
right yeah yeah yeah and and then you end up to the conclusion
that oh shit probably everything's gonna go up yeah i mean i still think that happens yeah it's
just uh the time horizon yeah i think i think i think as of now i'm wrong on that um and i've
only had this thought process for like the last like two days three days um because i'm thinking to
myself like dude why are high caps sending right like pump was sending aster sending stable sending
but yet like troll gets a coinbase listing and you only get a small pop?
Like, what?
And you have iron stock sending, hood stock sending,
and it's like all the other stuff is just kind of dead.
Maybe I'm just being impatient, bro.
Yeah.
I think there's so much reason to that.
It's like Troll literally pumped from 8 million to 286.
Lots of people bought the top, lots of bag holders, lots of selling.
You can't just digest that with a Coinbase listing when BTC is...
People are thinking the cycle top is in.
That market psychology just doesn't work on a chart that's been around for how many months now.
Whereas Stable and A aster they literally just came
out right but wait till they have their first correction and you'll see how long it takes for
them to re-accumulate and come out of that you know it's it's it's easy to be like oh this new
token is doing well and the rest of the market's cooked but no the rest of the market is is
correlated to the rest of the market so they're not going to pump unless the broader market is pumping like they're reliant on btc doing the move and all the other charts playing out rather than like
bro aster came out cc's shilling it all the liquidity is going out of tokens that people
don't want to hold because they know it's correlated to bitcoin so why would they wait
they want to ape into something fresh that's going to go up and then rotate back.
So they have a finite, I don't know how high they can go.
They can still go up 20x for all I know.
But it is a finite rally that they're going to have before they have that inevitable correction, reaccumulation.
Then the market will assess, okay, what's this thing actually valued at?
And where is this bottom going to form, basically? Re-accumulation in the market will assess. Okay. What's this thing actually valued at? And you know where
Where is this bottom gonna form basically?
Just like every other token it will have its wave one it will have its correction
It will have its re-accumulation and then we'll see wave to what it really does
Yeah, man Just like pump like pump i pumped really well up the lows
that's his correction now we're yet to see where that correction stops where that reaccumulation is
and how long it takes to come out of these lows
yeah um i i i uh i will admit bro like I, not just myself, but like many other people, whenever they find themselves in these stickers that like they're running, but the rest of the market isn't doing anything.
You wonder, like, is the rest of the market just like cooked or whatever?
And now the only thing on my mind is like, where's the ceiling for these things? Because it's CZ, right? It's CZ. And the only other time that we've had something like this occur in recent times has been Tom lee with ethereum so if cz is about a tom lee aster and you have these hedge funds
actually coping over aster and angry and now you're starting to see the same thing with stable
what's the actual ceiling for this thing and they can go higher before they go down that's for sure
yeah yeah like like if if you look at the stable chart,
it actually looks,
even though they're both kind of the same age,
if you look at stable,
it hasn't really been as parabolic as Aster.
I think stable today broke its high
from a couple of days ago
at like 55 or 52 cents or whatever and it's now
breaking out of that and lower time frame if you look at aster when aster broke that local high of
like 70 cents that's when the parabolic move started and if we look at like what Franklin Templeton did where they printed 100 mil plus
USST then that pretty much means that like these institutions are going to be actually using DeFi
and all these other things um earning yield on their cash as well on their stables that's going to be another huge thing and the ceiling for these things i'm not even sure if if if i can even
put a ceiling on it until i see like momentum die down right it could die down at like a buck fifty
two bucks three bucks four bucks um but for right now as far as sentiment, I don't really see it being consensus as pump was near the highs.
And near the highs, we saw a bunch of people starting to do their own pump streams.
And now it's just like, all right, when does this other's BTC chart start to move? My assumption, Donnie, would be
like, probably
IWM above 260
or something like that.
Yeah,
probably around that level.
And with Ethan
Stoll, man.
Yeah, I think we'd actually
need another BTC breakout to all-time highs
before the next moves for Sol and ETH.
That's just my opinion, though.
That's just myself.
Yeah, but obviously as the uptrend starts to get to that all-time high,
they'll move up as well.
Yeah, I'm thinking one move with bitcoin dominance of the upside uh like a not not a higher
high but like a lower high a lower high for dominance a higher low for eth btc and soul btc
and then we resume uh we resume that trend yeah and i do think on chain comes back uh i do but i mean at this point man probably like
sometime next month um i think we're just towards the end of like the post fomc shakiness uh that
like week or two after fomc the market has been kind of shaky and then we resumed that next leg higher
at least that's what the trend has been right that's what happened after the may fomc the june
fomc and the july fomc so i i i don't think the trend is different as far as uh as far as that
goes i'm just saying like the massive pop on others btc where like you see a 25 plus percent
candle on the weekly that's probably like later in in the year man um yeah and i think it brings
into price discovery sometime next year man sometime next year btc um no other others btc others btc oh yeah no that would be ridiculous
and and i'm thinking like i'm thinking like a lot of that value is probably going to come from names
that are like i think ragsy said this one time bro like like these projects that like are supported by these large entities not really government because
like dude if you want to look at government tokens look at ondo look at that trash token that's a sad
chart man that is the saddest chart i've ever seen in my entire life um but you just want to get into
tokens that have a notional buyer a notional buyer where there's more buyers and sellers, where it's Tom lead, right?
Where you have your Tom leads.
So, yeah, we speculate, right?
And the best way to speculate on an asset is to find out who are your buyers.
is to find out who are your buyers are they liquid do they have size and for right now over the last
Are they liquid?
Do they have size?
few months since we bottomed in april for the most part it's been like sizing into these into these
large caps in q2 it was um hyip sui and pengu and so far in q3 uh it's been um pump aster stable's a mid cap but as far as
like sizing goes it's really only been in these like higher cap tokens where if you gave the
thesis it'd be like no like this thing can't go high because it's already valued at xyz market cap but then we look at something
like a hood in equity land yo hood is up like hood is up um i'm pretty sure it's up like 5x
or something like that at least 5x over the last uh over the last 12 months give me one sec so around this time last year hood was valued at
22 bucks per share that's like a 6x man now i want everyone here on this show right now
look at any major in crypto and see if it's up 6 x you probably won't find it you probably won't find it
man um so that that's that that's that's something that this market tricks a lot of its participants
in men where they say oh no circulating is way too high. Like, there's no way
it can run.
But the market
has a way of tricking people,
man. It really does.
But I do think,
Donnie, that, like, the next time
ETH runs,
I think that's when, like,
it drags up the other altcoins
with it. Because if you look at ETH dominance, dude, I don't like using this term,
but last cycle when ETH dominance ran to 17% and it pulled back
and then it chatted to like 20 plus percent,
that was the leg where it took up a lot of altcoins.
I see Prometheus up here as well.
Man, what a call from Prometheus giving that well-thought-out playbook on Aster, man.
Like, my goodness.
And he wrote that thread on Avantis at like 60 cents, dude.
That deserves some recognition and i want to give that recognition
because this space known as ct will barely give any recognition to people that give laid out
if they're not in some like secret cabal group chat.
And honestly, man, like when you see someone that's winning,
you give them their flowers, you give them a round of applause.
And this is a space that unfortunately does have a few people that just bag hold a lot of stuff that don't really that haven't really done much and they just ignore
that but not me though man i give recognition and i i i think everyone should give recognition when
when uh recognition is due or credit is due not to glaze here but um the fact of the matter is
if people haven't been locked in to x or CT, whatever it is that you want to call it, you have underperformed by a massive degree.
So to actually find winners, clean cut, following the trade, giving the theses, speaking on it, that is greatness, man. that is greatness man that is greatness um prometheus what's up bro i see you
requested to speak yo what's going on wabi how you doing bro it's great to have you on man i just
want to say fantastic call man man, back to back.
I actually didn't see the video until like after I got positioned on it, but I'm like,
dang, dude, like maybe I should be like a lot more bullish on this, man. And like if I think about it, right, if Hyperliquid is the start of the cycle right and I've gone on record to say that
I think April was the start of a new cycle because one the S&P and the McNasdaq they both had drawdowns of over 20%. And when you have the quickest recovery in modern history from a 20% drawdown back to all-time highs,
and then you have other statistics like having a rate cut after a couple of months of not cutting into rising CPI,
But after a couple of months of not cutting into rising CPI, bets and all that stuff, then what is, and stuff like that, and Cardano and Phantom, Harmony 1, Nier, the list goes on and on for all these other O1s.
What's going to be those other names, right?
So if Hyperliquid is, say, like AVAX, right, is Aster, Solana, is Avantis, Luna, right?
is uh avantis uh luna right like just to give some comparisons right like are these perp decks
platforms the l1 trades and i mean avances is coinbase's baby right we can say that if avances
is going to be taught by the coinbase cabal and i mean you've had like i'm not even gonna i'm not i don't want to say any names but like
if you had stuff like brett run to like two bill uh then why can't avantis right um
and with aster i mean bro you have stable coins you have the whole like rwa narrative attached
to it you have the dex narrative attached to it um multi-chain um
what's that what's that uh account abstraction yeah you have account abstraction integrated into
it then why wouldn't this thing catch up to like a hyper liquid if it has more product if it has
a stronger cabal behind it um so and to and to think of that thesis man before like the massive pop
and before it reaches like peak ct mindshare and by the way this whole dex perp dex narrative
isn't even close to matching to what ai did like ai reached a mindshare share on CT and Q4 of last year of like 80%.
That's how massive it was.
So, man, this is honestly going to be insane. I think it was the early Q1 2024 highs, then these things could reach valuations of the L1 trade from last cycle.
And just to put things into perspective, Lunar reached an FDV of like 40 bill.
But if you count it with UST, it reached like 60 or 70 bill.
And, yeah.
Donnie, is there something else that you wanted to say?
I saw you off of me, man. Apologies for that.
No, no, no. I forgot if there was anything, but no.
Oh, okay.
Yeah, Wabi, I can add some stuff real quick to your thoughts.
I think you're making a lot of good points.
Yeah, man, I mean, you talk about Hyperliquid here locally.
Oh, and I also want to mention, man, these names,
you had Franklin Templeton Mint on stable.
You have basically the grandmaster of all of crypto, CZ Painting Aster.
And so when you think about like people that want to size into alts without having the volatility of like the on-chain of the on-chain jungle and why wouldn't they size
into these plays um even at these valuations right like if you compare aster to hyper liquid
right now it's like getting hyper liquid back at like 12 bucks um yeah basically like a 12 hype
so yeah uh that's pretty much what I had to say, man.
Yeah. Yeah. Can you hear me? Yeah. You're good, man. You're okay. Yeah, bro. I think
just in general with like this whole trade right now, even if you look back to Solana,
um, in late Q4, uh, or in Q4 of 24, or Q23, excuse me.
I mean, you remember Solana ran up to like 75, 100 bucks.
And everybody on the timeline was saying, Solana's overvalued.
FDD's way too high.
FTX is going to dump on you with the rest of their bags.
Who else is there left to buy?
And you just continue to see a fundamental repricing.
I mean, Wabi, you're somebody who's experienced this very recently, which is social discount,
right? When assets become extremely discounted from a social sentiment perspective,
and you recently experienced this with Pump. And I think moving forward alongside this trend, hyperliquid is going nowhere.
So are these newer names.
I think they're names that are going to establish themselves heavily over the next six to 12 months, potentially.
And if you look at it from the perspective of, okay, Vantus this past week did more volume
on Coinbase than every single other ticker on the centralized exchange.
What does that tell you about the overall trend and where things are headed?
We really have to kind of look broadly at the overall fundamental narrative.
You know, I witnessed this space earlier, and I'm sorry, but Bitcoin maxis are still extremely complacent in their bags.
out of crypto and it will ever only be the fundamental use case to come out of crypto.
You know, still very much so talking about how Bitcoin is the only fundamental use case to come out of crypto, and it will ever only be the fundamental use case to come out of crypto.
And when you start to see capitulation from these quote unquote Bitcoin maxis or just
from people who are just complacent in their positioning and, you know, from a broader
perspective, you know, then you can kind of really start to talk about more of, you know,
quote unquote tops or however you want to view that from whatever lighter perspective
there may be.
And I talked about this this morning in
the Discord, right, where everybody's talking about when you get, you know, over, you know,
saturated mindshare, and people are talking about it across the timeline, and your Discord is
nonstop all day, talking about one or two tickers, how historically the cycle, you've seen that mark the tops for
X said ticker being talked about. But that's not been in a fundamental use case narrative, right?
That's not been, you know, backed by a coin that has real revenue, right? That is generating real
fees, that is backed by some of the largest institutions in the space
some of the biggest players in the space obviously one of the godfathers of crypto is backing aster
and i'm super super super uh optimistic about the longevity that these newer names have right i'm
super bullish on stable by the the way, STBL.
I got some in that today, thanks to Wabi. And he really kind of opened my eyes to it, dropping in
a sound bit, a little, you know, voiceover into his channel in our discord. And
you just kind of have to view things in a fluid manner. You know, a lot of people are kind of
behind the curve when it comes to broader, you know, macro understanding of, you know, a lot of people are kind of behind the curve when it comes to broader,
you know, macro understanding of, you know, dynamics and regimes within the sector. And
that's okay. But, you know, if you aren't good at finding them, and you aren't good at
understanding them, if they show themselves, you better be good at jumping into them.
Otherwise, you're just going to kind of be left at the wayside. So, you know, you like I said,
Coinbase, Shilling, Avantist, more volume than you've had out of any other ticker on the centralized exchange.
You have Aster getting shilled by CZ. You have an ex-founder of Tether shilling stable.
You know, I mean, the list goes kind of on and on. It's kind of a no-brainer trade. And really,
if you can sit through some volatility,
you'll probably be happy regardless as if you quote-unquote bought the local top or not.
I don't think, you know, if you look at heading back, like Wabi had mentioned, Luna, a past cycle,
there's several other names, you know, that we can get into. But the narrative is very,
very similar. And especially
when you have flywheels going on and the magnitude of which they are, that's when you really got to
pay attention. You know, it's not just like, Oh, can you mention the flywheel of Aster and stable?
Um, so like tether, so like tether, for instance, when, right,, when they generate fees or generate revenue, it essentially goes back into the company where Stable is pretty sick.
So when Stable generates fees and revenue, it goes to buybacks or essentially goes back towards the community.
It goes back towards the ticker itself.
towards the ticker itself.
And that is something that is huge
from a stablecoin perspective.
And the structure in which they're kind of designing it
is a little bit different from what we've seen, right?
It's not necessarily algorithmic.
It's not necessarily just completely collateralized
through US treasuries.
It's kind of a mix of both.
But the supply wheel, right, as people,
you know, as stablecoin usage becomes more adoptive or more adopted, more people, obviously,
they generate more fees through that fee generation. You know, it then goes back to buying back more
of the token, i.e. thinning the supply and creating a more bullish environment for
obviously the broader perspective of stablecoins, meaning more people wanting more adoption,
meaning more buybacks, meaning more fee generations, meaning more buybacks, meaning more fee
generations, yada, yada, yada, list goes on and on and on. Complete supply constriction.
complete supply constriction um and that is not to be taken lightly right um so very very very
cool things happening over there but yeah that's kind of what i got for you thanks for having me
up lobby donnie anything else do you want to say before i close out the space bro
Donnie, anything else that you want to say before I close out the space, bro?
Nah, bro, I think that's it for today.
All right, guys, I'm going to go ahead and close off the show.
I want to thank each and every single one of you for tuning in, guys.
Thank you, Donnie.
Thank you, Prometheus, for joining me on today's show
shout out to all of you guys that uh tuned in whether you're listening to the recording
or you're here live in the audience i appreciate every single one of you in case this is your
first time tuning in and you found today's stream because of the algorithm i go live here throughout the week
uh here with donnie and a few other people where we talk shop on all things markets
usual start time is between 4 30 p.m esc to 4 45 p.m esc and uh as i said we talk all things markets
As I said, we talk all things markets, whether it's stocks, whether it's crypto, narratives, price action.
We cover it all.
So feel free to follow all the speakers and give us a follow.
Follow Because Bitcoin Profile so you can be made aware of whatever it is that we go live.
And we are also one of the fastest news producing pages in all of X.
So smash up that follow button.
Follow, follow, follow.
Also, I'm going to go ahead and put some things up on the nest.
Give me a second here, guys.
So up on the nest, guys, I've put a few posts from our very own trading terminal
called bb terminal if you guys are looking for a one-stop shop to navigate the markets
feel free to check out bb terminal we do have a number of uh premium packages as well
the links to that is in our bio.
If you guys are looking to join an Inner Circle Alpha group where we go live on multiple private chats throughout the week, feel free to check that out.
And you can also send us a DM and we'll get back to you within 24 hours.
Just to mention, over the last last month we've caught trades with size
on pump and then rotating that into aster and now stable we've also caught some on-chain gems such
as avantis clear thought out theses before the trade is done following the trades all that stuff
you guys are looking for clear signal feel free free to check out our Inner Circle group.
Link to that is in our Discord.
If you guys have any questions, you can send us a DM, and we'll get back to you within 24 hours.
So, guys, thank you, thank you, thank you all so much.
God bless you all.
We'll see you all tomorrow.
Take care.
Shout out to my Lord and Savior, Jesus Christ, for allowing me another day to talk markets with you all. We'll see you all tomorrow. Thank you. Take care. Shout out to my Lord and Savior, Jesus Christ, for allowing me another day to talk markets with you all.
Spaces are recorded as always, guys.
All of our spaces are recorded.
And we also have a YouTube show called Market Check, which is hosted throughout the week.
Usual start time is between 11 a.m. EST to 11.15 a.m. EST.
That's our TA show. show you guys are into charts graphs
technical analysis all that good stuff feel free to check that show out so that being said take
care guys bye bye Thank you.ん
んんご視聴ありがとうございました Welcome to the um
um Thank you. Music Thank you. I'm going to go to the next video. Thank you.大阪市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市 Oh Thank you.おやすみなさい。ん
んん Thank you.
