Crypto Rundown: Technical Analysis on the Bitcoin Dip and JP Morgan Launches Stablecoin

[SPEAKER_04]: And welcome back everyone, good to have all of you here with us, and welcome back to the 101 Rundown, presented by Gemini, a bridge to the future of money, and it's good to be back here with all of you once again, took a little bit of a break, we've been busy over here.

[SPEAKER_04]: a lot going on interviewing leaders from the industry, talking up people from all over the space, trying to get the best understanding of what's happening in the crypto world so that we can package it all together and bring it to you completely for free on these podcasts and on these run down episodes between me and Bryce and Ryan and Tevo and the whole team over here.

[SPEAKER_04]: And so we're trying to cover on as many fronts as we can, but man, we're still to be able to be back here with all of you. [SPEAKER_04]: It is in a electric time and the crypto market as we are seeing, too. [SPEAKER_04]: Well, I mean, a ton of downwards volatility. [SPEAKER_04]: There's no other way to put it. [SPEAKER_04]: Things are volatile. [SPEAKER_04]: We broke 100k. [SPEAKER_04]: All coins are hurt and but they're still like going on.

[SPEAKER_04]: We're going to cover all of it. [SPEAKER_04]: The good, the bad, the ugly, everything in between. [SPEAKER_04]: Yeah, how you doing my friend. [SPEAKER_02]: I'm doing good. [SPEAKER_02]: I'm doing good. [SPEAKER_02]: It's going to be back with you. [SPEAKER_02]: We've had a couple episodes with Brian, which have been fun. [SPEAKER_02]: But we need your technical analysis and that's what this episode's going to be about.

[SPEAKER_02]: We're going to do a big segment on TA with you.

[SPEAKER_02]: uh... which is the perfect time to do it because i think you kind of uh... you always lead us the way with your guidance and that fasted but like you're kind of telling us last time you're with us was the you know the hundred k barrier and you kind of showed us what could happen either way right it's either a balance the upside or if it does break a certain level you're going to see a kind of dip down to that ninety two ninety four level which we actually saw this morning

[SPEAKER_02]: So to be good to get the charts open and check that out, but also I think generally what we're seeing is, you know, there's sometimes there's a specific catalyst for crypto for Bitcoin specifically, but a lot of our shows recently and I think for good measure than macro base just because the whole environment seems to have been a little risk off over the last couple weeks and that obviously is going to affect Bitcoin and crypto specifically.

[SPEAKER_02]: So [SPEAKER_02]: you know if you've been staying with us and staying tuned it hasn't been as fun as those all-time high episodes are obviously but again when you know bring it up now like when when the fear and greed index you know is at these levels traditionally it's it's good time to get in and you know get it in by Bitcoin and you know during these volatile times we have to say it you know we're not financial advisors this is not a personal financial advice

[SPEAKER_02]: But historically on this chart, you know, when this thing's dipping down into the 20s, right, you can correlate with price, it's, you know, it's a good time to start at least DCAing traditionally when it's at these levels. [SPEAKER_04]: And we sold it a 15 yesterday. [SPEAKER_04]: So mind you, that's the lowest that we were, sorry, not on this one. [SPEAKER_04]: It was on the other fear and greed index.

[SPEAKER_04]: I think it was from alternative, different website, different provider. [SPEAKER_04]: But they go back and they actually show you a longer history of the fear and greed index. [SPEAKER_04]: And on that one, we hit as low as a 15. [SPEAKER_04]: And you can go back and you can see all the different points that we hit that. [SPEAKER_04]: And [SPEAKER_04]: We almost never do. [SPEAKER_04]: The only times we really get around like a 10 to 15 area, yeah, from the turn to the main.

[SPEAKER_04]: In the zoom out on the max version of that church, when we scroll down, we're still at a 16. [SPEAKER_04]: And you can see that we only get that low when we are getting really close to a market bottom. [SPEAKER_04]: Now, when we go and we hit the low, it doesn't always, um, and I think we [SPEAKER_02]: Also, for people out there, we're doing zoom. [SPEAKER_02]: We had some technical issues with our normal providers.

[SPEAKER_02]: So there might be a couple of snafu's like that on my end. [SPEAKER_02]: This isn't the normal software we produce the show, but we're here for you guys to try our best. [SPEAKER_04]: Yeah, you know, great call, man, exactly. [SPEAKER_04]: And it was one of those things where there's just so much going on in the market, we're like, all right, well, we're having issues, we could not do it, but there's just so much going on.

[SPEAKER_04]: We're like, we got to do an episode, even if it's not, you know, with our home software and all this stuff, like, just something needs to go out. [SPEAKER_04]: We want to keep all of you in the loop. [SPEAKER_04]: But I mean, as you have on the screen here, man, I mean, you go back and you look at the other times that we've been at 15 or below. [SPEAKER_04]: or 15 or lower and kind of below that.

[SPEAKER_04]: It's historically near a market bottom, so it's not always saying, hey, the market bottoms when we hit this low, but it's tends to indicate that a bottom is getting near. [SPEAKER_04]: For instance, if you go in and use you, click the one-year view of that, instead of the max, click on the one-year view, and look at that low point that we had around March, right?

[SPEAKER_04]: we went as low as a 10 and so or what was that end of February start of March it was saying hey we are at max fear around there. [SPEAKER_04]: Now with the start of March the absolute low for Bitcoin [SPEAKER_04]: It wasn't right. [SPEAKER_04]: We go back and we look and Bitcoin bottomed out not in March, but it actually bottomed out in April, however, on February 20 and Bitcoin was trading at 7778,000. [SPEAKER_04]: The actual low was the 475,000.

[SPEAKER_04]: So was it the exact low, no. [SPEAKER_04]: but A, it was close in terms of time, and B, it was close to somewhat close in terms of prices, well. [SPEAKER_04]: So it was about a month later, month, month and a half later, and a couple thousand dollars lower.

[SPEAKER_04]: But still, if you go back to the max chart, you can kind of look back and say, historically, when the fearing greed indexes this low, [SPEAKER_04]: It's generally, when you zoom out to the future, it has historically been a really good time to buy.

[SPEAKER_04]: And I would argue that we're kind of at that same point, again, where you're looking at this saying, hey, you know, a year from now, or maybe a couple of years from now, do we think that this dip-by will have been a good one? [SPEAKER_04]: I would argue, yes, I think time will be the ultimate tell, but as we'll see here, I mean, the fundamentals are still chugging.

[SPEAKER_02]: yeah and then let me uh i think just one final point on the one year here is like again back in February we all remember uh that was the tariff uh you know roll over for the entire market you know the S&P the Nasak everything was down you know 15% and a couple you know days uh time it was it was crazy

[SPEAKER_02]: The volatility was wild and we came on this show and I thought we, you know, I know on the show we tried to lead through it and I know, you know, off-air-branded me and you really, really stepped in in different, different buys and different ways. [SPEAKER_02]: But it was like the, the, um, the catalyst was the tariffs.

[SPEAKER_02]: And at that time, you know, experts from people that agreed with them said this could work and then the people that disagreed with them were saying that this is going to spiral the U.S. economy into a [SPEAKER_02]: the free economy, the open economy that we have known forever, is over, globalization's dying, you know, it's over and that's why the stock market, you know, crashed like that was from that narrative.

[SPEAKER_02]: And so now you're seeing here on the fear and greed index. [SPEAKER_02]: So if you talk specifically a Bitcoin even back then, we're like, hey, we're not that worried about this long term for this asset, but you know, we're right here at 16 compared to 10.

[SPEAKER_02]: So it's like, is the fear [SPEAKER_02]: It is the is the sentiment at the moment as crazy as it was back then I'd be I don't I don't feel that way which which kind of leads me to believe the things right which leads me to believe two things there could still be a wild flush to come so you're still kind of teetering on that edge we're going to pull the charts in a second

[SPEAKER_02]: But you could still like, I don't feel like there's mass panic yet, but psychologically being, you know, breaking that 100k and flushing down to like 94, which we're going to see in a second is, is a huge psychological thing. [SPEAKER_02]: But I don't, I don't think long term for Bitcoin, like I, it's not bothering me in any way. [SPEAKER_02]: There's no Bitcoin specific news. [SPEAKER_02]: That's this negative.

[SPEAKER_02]: And then again, we sat on the show ton of times, you know, a 20% plus correction is, is very normal in a Bitcoin bull market. [SPEAKER_02]: So, [SPEAKER_02]: Let's, let's pull up the charts, Brendan. [SPEAKER_02]: Let's start diving through and then again when we're back into the show, we have a ton of other stuff to cover, you know, around just the news and sentiment, all that stuff. [SPEAKER_04]: Yeah, absolutely, man.

[SPEAKER_04]: Yeah, I mean, let's take a look at Bitcoin here and what we have going in it. [SPEAKER_04]: I mean, you look at Bitcoin and I mean, yeah, it sucks. [SPEAKER_04]: That's a little bit scary, right? [SPEAKER_04]: We're seeing some downwards price action, but [SPEAKER_04]: I think we've shown this on the show before, but if you go back, we look at when Bitcoin is broken. [SPEAKER_04]: It's 200-day moving average, and what's happened afterwards.

[SPEAKER_04]: Like, we've seen this several times on the daily chart, right? [SPEAKER_04]: We ended 2022, below the 200-day moving average, and then we ripped up to the upside, chopped around for a bit, broke the 200-day moving average, and then what happened afterwards? [SPEAKER_04]: Well, we recovered to new highs. [SPEAKER_04]: Then we chopped around for a bit, broke the 200-day moving average, and then we recovered to new highs.

[SPEAKER_04]: and then we chopped around for a bit, broke the 200-day moving average, and then broke out to new highs. [SPEAKER_04]: And here we are again, like kind of doing that same story, right? [SPEAKER_04]: Where it's like, hey, we're coming around after a chopping around for a bit, breaking under that 200-day moving average, getting back down here on the fear and greed index.

[SPEAKER_04]: And we're kind of at the same spot like this is nothing that we haven't seen before this is nothing that is just like completely out of left field unpredictable now I think a lot of people expected us to continue the second half the year nearly as strong as we did the first half year right you kind of look at this and say yeah we chopped the round we had the terror crash but.

[SPEAKER_04]: this recovery right here was great and I think people expected us to continue this kind of move throughout the second half of the year and we didn't do that and I think people were let down a little bit via it.

[SPEAKER_04]: And so when we started to reverse a little bit over in here, I mean, I think in the the long term of the [SPEAKER_04]: Make sure I'm not really too concerned about it, man, but I think if you're like short to midterm there is some cause for concern, I mean we had two failed breakouts of the highs right right in here and after you know failed break out one and failed break out two we broke our prior all time high trend line right we kind of came in here.

[SPEAKER_04]: use it as support, broke this, broke all the major moving averages. [SPEAKER_04]: And we broke below these two levels came up, rejected them, and then saw continuation to the downside. [SPEAKER_04]: So I would call this the classic kind of break hook and go except to the downside. [SPEAKER_04]: And now we're just seeing kind of continuation even further over here. [SPEAKER_04]: So [SPEAKER_04]: not a great look from a technical structure.

[SPEAKER_04]: You got to keep it real and say, hey, we're breaking the 200 day moving average. [SPEAKER_04]: We're breaking support. [SPEAKER_04]: We're breaking and testing prior support levels as resistance. [SPEAKER_04]: And some of these things just, again, [SPEAKER_04]: unbiously, not a good thing to see. [SPEAKER_04]: So what that could mean is, hey, maybe we do see a little bit lower prices, like that's something that's possible.

[SPEAKER_04]: I think we even showed that when we showed the fear and greed index, it's like, hey, lower prices are a possibility here. [SPEAKER_04]: And so I think just being like aware of that and understanding that is really, really important.

[SPEAKER_04]: And, you know, what we're typically in kind of continuing to see is that altcoins are getting hit hard on these moves down, not as hard as [SPEAKER_04]: It probably could be a, you know, two to three X the mall authority, um, but yeah, you know, Bitcoin dominance is has been an interesting thing, ironically today, Bitcoin's really the thing getting hurt.

[SPEAKER_04]: I think largely do that outflows, and so Bitcoin dominance is falling and all friends are actually holding together okay, depending on the project. [SPEAKER_04]: I mean, some are down big, some aren't. [SPEAKER_04]: You have like clear pool and Awe, which are down 10% aerodrome down 10% but then a lot of the other ones are break even down maybe two to three percent. [SPEAKER_04]: You have syrup, which is green six and a half percent.

[SPEAKER_04]: So yeah, I mean, interesting stuff. [SPEAKER_04]: We're starting to get a little bit of, uh, [SPEAKER_04]: Different price action where altcoins aren't tanking off of Bitcoin breaking support and I've certainly been following that so I like the independency that we're seeing from altcoins here to you though and to kind of put it and a much more condensed format you know the technicals are still looking a little bit rough.

[SPEAKER_04]: Um, so I want to be somewhat cautious, but I am looking for some long-term accumulation in here because, you know, as we do didn't down at these kind of levels historically, they haven't been really good buying opportunities and we all know I'm here for the long term. [SPEAKER_02]: Yeah, and I think your altcoin point is well noted because at the beginning it was these altcoins just getting completely flush the last couple weeks, right?

[SPEAKER_02]: Just absolutely leading us the way down, Bitcoin dominance stands strong even though Bitcoin is bleeding out. [SPEAKER_02]: The alt's were just flying down so it's, you know, is the altcoins going to find a bottom and kind of similar to the flash crash that we covered a couple of weeks ago with the China tariffs or not China tariffs, but there was the, yeah, it was like that flash [SPEAKER_02]: flushed out of the market. [SPEAKER_04]: Oh, it was the Binance crash.

[SPEAKER_02]: The Binance crash. [SPEAKER_04]: Sorry about that. [SPEAKER_02]: That was like shocking to see that, but it was almost like the full leverage for all coins completely got flushed out of that. [SPEAKER_02]: So it might make sense where Bitcoin has obviously a much bigger market cap by a ton and has institutional people at bay, but like some of these all coins got kind of cleared out already, which

[SPEAKER_02]: you know again depending on you know your own research and what you like for long term buying holds that's you know you could be in that that area of accumulation but we've got a meme to end the show on all coins and it's just it's definitely hasn't been the funnest of times but let's pull up let's show we're gonna talk about Ethereum let's pull up Ethereum Brendan and we're gonna we got a pan in the chat asking about Ethereum we got some comments on it but let's check the check the charts

[SPEAKER_04]: Yeah, I mean, here's what we have over here for E, looks put on the chart. [SPEAKER_04]: It's a similar story, right? [SPEAKER_04]: You broke down through your prior support level, came down, tested it as resistance, and you're seeing down notes continuation. [SPEAKER_04]: We're back below that 200-day moving average, which it's not a great thing.

[SPEAKER_04]: You have some prior consolidation zones, a little bit lower around 27 to 2800, so if we were gonna see a deeper spill, [SPEAKER_04]: I would imagine that that's where we go to. [SPEAKER_04]: So we're trying to hang on to this low right here. [SPEAKER_04]: If we do spill over, I would imagine we probably go closer to 27 and 28. [SPEAKER_04]: And that's what I'd be looking for in the next.

[SPEAKER_04]: But yeah, I think a big point in the theory and looks somewhat similar here, since that [SPEAKER_04]: They're selling off. [SPEAKER_04]: They are breaking through some pieces for those. [SPEAKER_04]: They look a little bit weaker and with both of these, again, I'm okay adding some long term bags, but I think on the short term midterm side, I'm trying to be a little bit more cautious.

[SPEAKER_04]: So I'm not trying to do anything to the aggressive, not trying to get like to lever it up here. [SPEAKER_04]: Not trying to make some quick little long day trades or weekly trades. [SPEAKER_04]: I'm just trying to get a better big term picture before I go back. [SPEAKER_04]: two being more biased like that. [SPEAKER_02]: Yeah, no, it's definitely it's definitely a time to I don't know, I don't know.

[SPEAKER_02]: I don't know if I think cautious Robert, but like stay educated, that's what we uh, that's what we say, right?

[SPEAKER_02]: It's like, you know, the part of being a part of this community and coming and listening these episodes every week is like, it's not always fun and games and face ripping rallies, you know, this is the market. [SPEAKER_02]: This is

[SPEAKER_02]: you know what makes the market it's ups and downs if it was up all the time you know everybody would be a billionaire like Elon Musk right it's uh... or be the Warren Buffett's of the world it's not it's not as easy as you think but the power of a community in the power of education kind of helps you power through um... any let's let's end with this on the technicals brand and any any indicators you like during a time of volatility like this uh... that you like watching it to kind of you know give you that bigger picture view of where this is going

[SPEAKER_04]: Absolutely. [SPEAKER_04]: I'd say my. [SPEAKER_04]: My probably favorite one that I could use here would be the relative string. [SPEAKER_04]: Right, since for it's RSI, which stands for relative string events. [SPEAKER_04]: I really like to use this tool and specifically at a time like this, what I'm looking for is a fire swing vote. [SPEAKER_04]: Um, preferably in the over sold territory. [SPEAKER_04]: So if we get kind of down here below at 30, we see any kind of higher low.

[SPEAKER_04]: Like this is a higher low and you saw those bullish divergence. [SPEAKER_04]: Here's a lower high and it's Ferris divergence. [SPEAKER_04]: I'm looking for some sort of higher low happening over here. [SPEAKER_04]: And that would be my signal to maybe look for some laws. [SPEAKER_02]: I love it. [SPEAKER_02]: And then again, guys, if you're interested in this stuff with Brendan, he does do it twice a week live for an hour. [SPEAKER_02]: And he has a six week micro bull run course.

[SPEAKER_02]: And if you're interested, definitely in the volatility, it's a great time. [SPEAKER_02]: Like I said, to get educated, have a community check the link below. [SPEAKER_02]: He's actually has the cohort open right now. [SPEAKER_02]: So the class starts next week.

[SPEAKER_02]: So if there's anybody interested and wants to do this technical analysis and do more of a deep dive into it, [SPEAKER_02]: Some might say there's not a better time to actually learn this stuff and get into it, you know, especially, uh, number one, educate yourself, uh, but being prepared for the opportunities that might be arising. [SPEAKER_04]: What does that mean? [SPEAKER_02]: Yeah, exactly.

[SPEAKER_02]: So if you're interested, Brennan's doing this six week program, uh, again, you get access to him live twice a week for an hour to do, you know, questions and trading on the charts, and there's a full six week course for it. [SPEAKER_02]: So check out the link below if you're interested, but as we move on, I think, um, again, [SPEAKER_02]: We try our best. [SPEAKER_02]: We're like as fair as we can be right Brendan like hey if there's bearish news We're gonna bring it to you.

[SPEAKER_02]: The only bearish news we can really can bring to you is the price action recently Because we look on the timeline and everywhere you see or look it's just it's pie. [SPEAKER_02]: It's literal It's literal positivity and the latest one is is J.P. Morgan launching their J.P. M. coin [SPEAKER_02]: So it's like we played the clip we've been we've been on top of this for sure for the most part, right?

[SPEAKER_02]: And you know, Jamie Diamond and his clips and all that stuff is well documented, especially on this show, but the [SPEAKER_02]: with the JPM coin. [SPEAKER_02]: We played the clip. [SPEAKER_02]: I think it was two weeks ago. [SPEAKER_02]: Jamie came out and it was just like he was at that forum on stage and he was talking all bullish about Bitcoin and I thought that was really funny. [SPEAKER_02]: But he had to do it because JPM coin was getting launched.

[SPEAKER_04]: He had to and he capitulated because for the longest time he was like not a fan of crypto, not a fan of Bitcoin, not a fan of any of this stuff and then [SPEAKER_04]: And yeah, his whole company is going in a different direction and he's CEO so. [SPEAKER_02]: Yeah, I mean, I think, again, it's, uh, one of the biggest, the biggest haters on base. [SPEAKER_02]: It's on base, and it's on base. [SPEAKER_02]: Of course, it's on base. [SPEAKER_02]: Why wouldn't it be?

[SPEAKER_02]: You know, I just, I think, um, I think it's a telling, again, it's, we try to bring as much as we can, evenly, and all I see on the timeline is like just the bulls on parade, right? [SPEAKER_02]: So I don't know, any, any other thoughts on the JPM coin before we move on?

[SPEAKER_04]: Yeah, I think again, we've said this a lot, but I think we're going to continue to see this become the new norm and we're going to see more and more of this and it's going to be a normal part of our society and the next generation, this is just going to be like having a bank account or having mobile banking to them. [SPEAKER_02]: Yeah, and then again, our resident bull, Tom Lee, [SPEAKER_02]: I'm Lee.

[SPEAKER_02]: I don't know if this video is going to play or not, because I'm just having technical troubles today. [SPEAKER_02]: Can you hear this, Brendan? [SPEAKER_01]: On Bitcoin by the end of the year. [SPEAKER_01]: Yeah. [SPEAKER_02]: All right, cool. [SPEAKER_02]: So I think it's just it kind of plays into, no, no, I just stopped to just to tee it up. [SPEAKER_02]: So Tom Lee, we know he's bullish on theory. [SPEAKER_02]: And that's what this is.

[SPEAKER_02]: But I think it plays into the fact that JPMorgan's launching the stablecoin play, there seems to be this shift in narrative on Wall Street that, you know, Bitcoin still has its basis and still has long term value. [SPEAKER_02]: But there's a lot of big names out there, kind of [SPEAKER_02]: Rolling over a little bit on, you know, just Bitcoin, they're kind of, you know, that the stablecoin play is something that Wall Street seems to be focused on.

[SPEAKER_02]: And that rolls into exactly what Jamie Diamond said. [SPEAKER_02]: And so if it's the stablecoin play, how can you, you know, get exposure to it? [SPEAKER_02]: And I think then the debate is kind of at least for the two big ones. [SPEAKER_02]: It's Solana and Ethereum. [SPEAKER_02]: So let's hear Tom Lee's take on this. [SPEAKER_02]: And then we have some Solana news as well, jump into. [SPEAKER_01]: We got on the Bitcoin by the end of the year.

[SPEAKER_00]: Well, I think people have dampened their expectations for Bitcoin, because partly because Bitcoin has been trading water. [SPEAKER_00]: And there have been a lot of OGs, original Bitcoiners that are selling above 100,000. [SPEAKER_00]: But it is still an underallocated asset class. [SPEAKER_00]: So I think Bitcoin actually potentially can get to the high 100,000, maybe even 200,000 by the end of the year. [SPEAKER_00]: I think it's a big ask.

[SPEAKER_00]: But to me, what's more obvious is ethereum can have a huge movement here. [SPEAKER_00]: And because even Kathy would wrote about it, she thinks stable coins have been cannibalizing demand for Bitcoin. [SPEAKER_00]: And gold and tokenized gold is cannibalizing demand for Bitcoin. [SPEAKER_00]: But stable coins and tokenized gold run on smart contract blockchains like ethereum. [SPEAKER_00]: And Wall Street is building and Larry Fink wants to tokenize everything on the blockchain.

[SPEAKER_00]: That means ethereum is where people are starting to raise their growth expectations. [SPEAKER_00]: And if you're raising your growth expectations, then you discount to the futures going up. [SPEAKER_00]: So I think that there's a bigger moon ethereum and Mark Newton or head of technical strategy things will be like nine to 12,000 by January. [SPEAKER_00]: I think that's about right.

[SPEAKER_00]: I think ethereum [SPEAKER_00]: just 3600 more than doubles between now and you're under between now and January. [SPEAKER_02]: I mean, you got to appreciate the conviction.

[SPEAKER_02]: As a human being who thinks through thoughts, like I have a hard time seeing this price target by January, but you know, you got to appreciate number one the conviction if he's right, what an amazing parade, Tom can have down [SPEAKER_02]: But at the same time, it is interesting, and I think that credit to us and how we do this and try to educate. [SPEAKER_02]: But we're also kind of virtual journalists in the podcast space.

[SPEAKER_02]: It's like, we've been pumping this narrative on Tom Lee now since he started, you know, BM and R were believers in him. [SPEAKER_02]: But like, [SPEAKER_02]: I appreciate him still going out and saying it, but also like what happens in January when this does if this doesn't happen, like I am interested into kind of seeing the pivot of, you know, price targets don't always come true, but if it's totally off, it'll be interesting to see how he pivot.

[SPEAKER_04]: Yeah, I mean, obviously we're huge fans of Tom Lee, hundreds of us back from them. [SPEAKER_04]: We always talk about them and show us hopes and everything on the show. [SPEAKER_04]: But I would agree if you have a hard time seeing us get over 10K by the end of this year. [SPEAKER_04]: It's been a rough end. [SPEAKER_04]: And that'd be a really big move now to see us go from [SPEAKER_04]: I mean, you know, what are we training at right now?

[SPEAKER_04]: Lower 80,000, 3,200 back up to new all-time lives and then doubling it after that. [SPEAKER_04]: I think it's a big ask. [SPEAKER_04]: I certainly hope that I'm wrong. [SPEAKER_04]: I hope that he's right because we put that exposure to it the areas at the area. [SPEAKER_04]: I'm sure a lot of you do. [SPEAKER_04]: So I'd love to be proven wrong here. [SPEAKER_04]: But I would agree.

[SPEAKER_04]: I think that it is... [SPEAKER_04]: A big expectation if it does kind of numbers by the, I think it's, it's even lofty to say that we could hit the wall tonight by the end of this year now.

[SPEAKER_04]: I think that that's still [SPEAKER_04]: uh, people are probably still going to look at you and say really like all time high is after what we just did in the way that we're behaving. [SPEAKER_04]: I think even that now is kind of being viewed as a lofty prediction. [SPEAKER_02]: So we'll say, Deb, Deb in the chat made a good point and said, Tom's Lee, Tom Lee's hair didn't look that slick and Brian I were talking about that.

[SPEAKER_02]: How like when Tom Lee has really high conviction on something his hair is always really well maintained. [SPEAKER_02]: And so we were talking about how a couple of weeks ago or last week when there was a big dip, and Tom was on saying, you know, theorem this, a theorem then, and I saw his hair was like perfect. [SPEAKER_02]: So they go, Tom bitmind's buying right now, bitmind's buying, and then it came out, obviously bitmind had a big buy.

[SPEAKER_02]: But yes, that clip, [SPEAKER_02]: You know, that clip was not as slick with the hair. [SPEAKER_02]: So we'll keep track on that. [SPEAKER_02]: The Tom Lee hair tracker here at the crypto 101 podcast. [SPEAKER_02]: We appreciate everybody tuning in. [SPEAKER_02]: Again, if you're new here, give us a like. [SPEAKER_02]: Please subscribe. [SPEAKER_02]: You'll see our logo in the bottom right. [SPEAKER_02]: We do this stuff multiple times a week.

[SPEAKER_02]: Um, you know, when we're celebrating all-time highs, it's definitely a lot more fun. [SPEAKER_02]: But the key to good trading and good long-term investing is a fun community to stay educated. [SPEAKER_02]: And that's what we do here at the Crypto101 podcast. [SPEAKER_02]: So if you're new, hopefully you'll join a long way, appreciate everybody who also returns all the time. [SPEAKER_02]: But let's move on to the other side of this trade.

[SPEAKER_02]: And I'm excited because Solana, again, I always say the beginning of the year, we had the meme coin run in January, you know, the end of last year and this year.

[SPEAKER_02]: And Solana was the bell of the ball making all-time highs and then you know Solana rolled over a little bit and then Ethereum took the you know Ethereum was dead dead as a dog and then Ethereum took the baton and so you know Is the Ethereum is you know with bitmind Tom Lee is the is the next big thing and Solana kind of took a back seat But now we have the Solana ETFs that are live with some staking and we're having our friends from Bitwise on on the podcast in a couple weeks here

[SPEAKER_02]: which will be great to hear from them. [SPEAKER_02]: So you brought us some Solana ETF statistics. [SPEAKER_02]: So I'm going to pull those up, Brandon, and we'll have them walk us through us, because I think the ETFs had a good start at least. [SPEAKER_04]: Yeah, they did.

[SPEAKER_04]: So Beesol was Beesol and some of the other ones are all break in records here and the first article or yeah, I've actually if you just scroll down here on this on the block we can actually just go it's going to be one more slide down I believe, maybe one more. [SPEAKER_04]: Let's go on more. [SPEAKER_04]: Yeah, so Solana spot ETF flows right there. [SPEAKER_04]: And so over the last several weeks, this has been really, really.

[SPEAKER_04]: well in high and it's been doing phenomenally and yeah it's kind of tapered off here and you do see some stuff happening but still like remaining positive in terms of inflows. [SPEAKER_04]: Yes, the inflows of tapered off but people are still buying into this and it has not really spent almost any time in the negative as you can see to the chart right to the right of this. [SPEAKER_04]: So [SPEAKER_04]: When it launched, it was actually shattering records.

[SPEAKER_04]: And we have a whole article on this from R3 on X inside of our sheet as well. [SPEAKER_04]: And it says, the bitwise salonist taking ETF diesel smashed records this week, hitting 57.6 million in trading volume on day one. [SPEAKER_04]: outperforming all 850 US ETF launches in 2025.

[SPEAKER_04]: So keep this in mind. [SPEAKER_04]: This thing smashed the ETF records for 2025, moved up so a lot of positivity. [SPEAKER_04]: I mean, yeah, I mean, seeing that kind of trading volume, and then guess what happened to you, though? [SPEAKER_04]: Guess who came in XRP got an ETF approval and they beat Salana in terms of inflows. [SPEAKER_04]: Let's take a look at it. [SPEAKER_04]: They barely barely did it XRPC from Canary had the largest day one trading volume.

[SPEAKER_04]: Actually, what's the time stamp on this? [SPEAKER_04]: Is this I believe this happened after a 90 percent sure yesterday's four o'clock. [SPEAKER_04]: Yeah. [SPEAKER_04]: Yeah. [SPEAKER_04]: So this one beat it. [SPEAKER_04]: XRPC from Canary Funds had the largest day one trading volume for an ETF launch in 2025. [SPEAKER_04]: And it squeaks by these so which was at 57 million. [SPEAKER_04]: And the crazy thing is they noted this even as well.

[SPEAKER_04]: They said, hey, this happened on a down day, which was pretty impressive. [SPEAKER_04]: So, [SPEAKER_04]: Love it, hate it. [SPEAKER_04]: If you're a part of the XRP Army, you got to be eaten this up. [SPEAKER_04]: You're looking at it and saying, XRP outperformed Solana on, and outperformed everything. [SPEAKER_04]: And outperformed Solana's ETF, but it also outperformed every other ETF launch in 2025 and it did it on a very red day. [SPEAKER_04]: So power to the XRP Army here.

[SPEAKER_04]: You got to like what you're seeing [SPEAKER_04]: Ironically or interestingly enough, it didn't see a lot of price appreciation from this, but it's still a good thing to see fundamentally speaking. [SPEAKER_04]: So crazy news happening. [SPEAKER_04]: I mean, we're still seeing really, really good flows, especially as these altcoin ones are coming out, the government's unpleasing. [SPEAKER_04]: We're seeing these things get approved. [SPEAKER_02]: Yeah, it's just a good idea.

[SPEAKER_02]: A little bit of macro risk off from the data coming in from the government shutdown and then unknowing, not knowing what the Fed is gonna do or say. [SPEAKER_02]: And we kind of had the December Fed meeting through everybody off last year too. [SPEAKER_02]: So maybe some people are looking in the rear view mirror from last year and a little worried.

[SPEAKER_02]: What they're going to see, but yeah, this is this is bullish and again another another podcast guest coming on for the the summit The hedge fund summit. [SPEAKER_02]: We have a canary capital CEO coming back on he's doing interview with Brian. [SPEAKER_02]: So tons of good content coming for crypto I want to one to stay educated Where do we go from here?

[SPEAKER_02]: Because again, usually I have my sheet, but I can't pull it up with the thing I'm just going to go to the next link canary ETF and then more stats max on x is that something? [SPEAKER_04]: that we can skip that one we covered most of it already unless there's anything on there that you wanted to talk about. [SPEAKER_02]: Nope, just I guess you're tracking of ETFs, you know, the all coins were taken some money in, but Bitcoin ETFs were taken some money out.

[SPEAKER_04]: Yeah, exactly like this was interesting. [SPEAKER_04]: This I guess wasn't a great thing for being born, but Bitcoin sold second largest day of outflows or the rather the Bitcoin ETF sold or second largest day of outflows just the other day. [SPEAKER_04]: Okay, so. [SPEAKER_04]: It's interesting. [SPEAKER_04]: The top comment right there is why the panic. [SPEAKER_04]: And it's like a good point.

[SPEAKER_04]: Like you hear and see everything that's going on and you're like, why are we tannicking at this level? [SPEAKER_04]: Why is the bearing read index the same levels that it was at during the tariff crash and COVID and all these other crazy events? [SPEAKER_04]: Why are we at those levels? [SPEAKER_04]: Why the panic? [SPEAKER_04]: Why are we seeing this second largest day of ETF out of those? [SPEAKER_04]: Does it make sense? [SPEAKER_04]: is it rational? [SPEAKER_04]: Not really.

[SPEAKER_04]: It really isn't. [SPEAKER_04]: It's not that deep. [SPEAKER_04]: But it's an interesting data point. [SPEAKER_04]: And again, our job is to make you all aware. [SPEAKER_04]: We want to go through all the data, all the noise, all the everything, and bring it to you and just present it to you so that you all know what's happening. [SPEAKER_04]: But yeah, second largest day of outflows for the Bitcoin ETFs. [SPEAKER_04]: And you know, that's a little bit more of a scary thing to see.

[SPEAKER_04]: But you know how to say it goes to [SPEAKER_04]: by when others are fearful and sell when they are greedy. [SPEAKER_02]: Yeah, and I think that there I say I'm going to bring this randomly up. [SPEAKER_02]: It's not on the sheet, but I've been tracking on the regular stock market, the biotech. [SPEAKER_02]: So biotech and health was a huge laggard this year.

[SPEAKER_02]: Just absolutely down in the narrative was, you know, the government's coming for the subsidies and Mahaz on the charge with, you know, RFK getting elected and it's over for Pfizer. [SPEAKER_02]: It's over for biotech. [SPEAKER_02]: Um, again, you throw up the year to date. [SPEAKER_02]: You could see this, right? [SPEAKER_02]: This is, you know, this is the beginning of the year. [SPEAKER_02]: Trump admin comes in boom. [SPEAKER_02]: This was that was the narrative.

[SPEAKER_02]: And then slowly, but surely, and this is an ETF of biotech. [SPEAKER_02]: But surely, but surely, now it's up on the year, 24% and 10% of that is within within the last month. [SPEAKER_02]: And so I'd love to hear your thoughts on it. [SPEAKER_02]: The only thing that I'm thinking of is we've had so many huge winners. [SPEAKER_02]: And Bitcoin was a huge winner this year, obviously hood and coin-based.

[SPEAKER_02]: And the astronomical, you know, the rising of some of these stocks, especially in tech specific. [SPEAKER_02]: And so now at the end of the year, we've kind of been talking about this on the show with Chase Performance. [SPEAKER_02]: So if you're an underperforming person, you're going to chase for a performance. [SPEAKER_02]: You're window dressing. [SPEAKER_02]: So yes, you might go buy some stocks that have had big runs.

[SPEAKER_02]: But what's going to happen is from here on out. [SPEAKER_02]: Whatever's running, now is going to get the action and it's going to run faster because there's probably a little bit more of a delta for some performance to your end. [SPEAKER_02]: And we shared the stat last time on the show brand and you weren't here, but there was something like the underperformance for the average fund manager is very high this year. [SPEAKER_02]: A lot of people are underperforming.

[SPEAKER_02]: So my thought, and again, this is something that I don't do this professionally, just an opinion might be the end of the year and we're kind of seeing it in Bitcoin. [SPEAKER_02]: The end of the year could get a little sloppy in the sense that there's going to be a lot of trading going on. [SPEAKER_02]: Again, these fund managers are managed in one month, three month, six month and one year.

[SPEAKER_02]: So, you know, they're trying to window dress and compete against each other for the performance, whereas, you know, us as retail guys, we kind of have a long-term view, and I think it's important not to kind of get caught up in the chop that they can cause sometimes, being the big dogs, but didn't know if you had any thoughts on that.

[SPEAKER_04]: Yeah, no, that seems to be kind of the inside of opinion right now is that fund managers have been underperforming and especially against just like the indices and the big reason for that this year specifically is because when the tariff crash happened, you saw that in the institutional side was very negative, very short.

[SPEAKER_04]: They were not willing to believe that the market had bottomed in the retail side where the ones buying it up and they were the ones happy to buy the dip and get long was institutions [SPEAKER_04]: And so it was primarily retail who was benefiting from the dip while institutions were getting screwed, having sold their positions stained short things like that.

[SPEAKER_04]: And now the idea is in order to bring the average down [SPEAKER_04]: You know, maybe we see the performance of everything fall into your end. [SPEAKER_04]: So that way it doesn't look as bad, right? [SPEAKER_04]: Think about if the market's continue going up and they still have all this cash in shorts and stuff on, it's going to say, hey, the gap in between their performance and what the indices we're doing is bigger.

[SPEAKER_04]: but if the indices come down and all these risk assets with crypto included kind of come down here well then it narrows the gap because you know they might be gaining um as the markets are coming down and it narrows that gap and makes their performance look a little bit better so I have seen that floating around as a as a theory [SPEAKER_04]: And I wouldn't be too surprised at it by it. [SPEAKER_04]: I mean, you look at the performance of what we've seen here.

[SPEAKER_04]: Obviously Bitcoin in recent months, a little bit more concerning. [SPEAKER_04]: But I know that if you look at this through like a traditional financial lens, then it's a little bit different because Nasdaq, for example, if you look at it off the tariff lows, I mean, it rallied 61% in around what six months. [SPEAKER_04]: I mean, once the last time NASDAQ rallied 61% in six months, it's crazy, especially when you look at the average return rate closer to 10%.

[SPEAKER_04]: So, it was averaging its annual return rate almost every single month for six months straight. [SPEAKER_04]: And I want it to be surprised if we kind of see this idea that you brought up to you, though, and you could be a close out. [SPEAKER_02]: Sounds good. [SPEAKER_02]: I agree. [SPEAKER_02]: And I think a cool thing to do is look at this thing by Bitwise 2, just one more thing on Bitcoin is like the Bitcoin ownership type.

[SPEAKER_02]: So for gold, the government owns 17% of Bitcoin for Bitcoin, it's only 1.5% mostly owned by individuals. [SPEAKER_02]: And again, you kind of see this chart. [SPEAKER_02]: I think we talk all the time about, you know, hey, micro strategy, and then met a plan in the VIX company's buying Bitcoin. [SPEAKER_02]: All these companies are buying Bitcoin. [SPEAKER_02]: So that's growing.

[SPEAKER_02]: Um, you know, and then there's funds that are buying it, that's growing, but it's mainly held by individuals. [SPEAKER_02]: And we've kind of always said that Lynchpin could be the government stepping in and announcing some buying, and that could be kind of in a similar way for what Tom was saying, like, how could Ethereum rock it by the end of the year?

[SPEAKER_02]: My thought might be not the government necessarily coming in and buying it, but if JP Morgan or one of these big banks that are rolling out these stable coins on Ethereum, if they announced that they're buying a big piece of Ethereum or ton of Ethereum, that could

[SPEAKER_02]: see I know it's a huge market capic you could see one of those like 10 20% days and then that that creates that phomo bubble so I thought this was a great uh chart by bit wise that was you know a great visual so that made me uh that made me one to bring it up for everybody yeah you know exactly man and then we're wrapping up this pin uh no go ahead no it's gonna say you know what else I hear floating around on TV though [SPEAKER_04]: Stimmies. [SPEAKER_02]: Stimmies.

[SPEAKER_02]: Stimmie checks have been the thought of the week, right? [SPEAKER_02]: So originally it was said on a tweet by Trump. [SPEAKER_02]: Everybody thought everybody was getting their $2,000 again. [SPEAKER_02]: Then Scott Bessett walked it back. [SPEAKER_02]: We talked about that on the show on the kind of like, yeah, it could be tax breaks this or that. [SPEAKER_02]: But I did see this quote from Scott as well. [SPEAKER_02]: The 2000 tariff check.

[SPEAKER_02]: would be for those making less than 100,000. [SPEAKER_02]: So I think if we're breaking it down here's what happened Trump tweets it out Scott Best and goes on TV and kind of retracts it a little bit and then Scott and Donald are in the office and and Donald's like we got to give him a check though. [SPEAKER_02]: I said like I want to give somebody a check.

[SPEAKER_02]: So maybe, you know, again, there's no specifics out on any of this yet, but I thought it was interesting because that's a huge chunk of Americans and those are the people again and that we talk about the K shape economy of what this is kind of a come where the top, you know, the top dogs and the richest become richer and the bottom of the K is struggling, you know, there's definitely a lot of people struggling out there with housing and inflation or all that stuff.

[SPEAKER_02]: So, you know, that could, that could be a help and it would be interesting if it was a real check. [SPEAKER_02]: So something [SPEAKER_02]: And then I thought this was good for everybody again on the Scott best in train here to end the show. [SPEAKER_02]: The, um, or I think I got an unshare and then reshare with the sound here. [SPEAKER_02]: So I think this is important.

[SPEAKER_02]: This is not cryptocurrency related, but just as in the finance space of finance business news education.

[SPEAKER_02]: We've talked about it on the show one time, but it was good fun to bring up, you know, if you have a newborn kid within the last year or about to have a newborn kid, I think it's very important to educate yourself, or if you know somebody who's having a child and might not be financially aware as much as you are, important to share them this video and this news of the $1000 account for all newborn Americans. [SPEAKER_02]: So let's hear this because I thought this was awesome.

[SPEAKER_03]: And then the other thing you're going to see on the, in the middle of the year are these Trump accounts, every child born retroactively to January 1, but for the next three years is going to get a thousand dollar account that's going to be invested in the US stock market. [SPEAKER_03]: So that's another thousand dollars for working families.

[SPEAKER_03]: So yes, and then the other thing you're going to see [SPEAKER_02]: I just put that on the sheet number one because I think it's like I said this is awesome on the tweet And I think it's important for people to kind of know that and understand that and help people that might be not as financially You know literate as you especially if you're listening to the show you're you're probably in the top five to one percent of people If I actually literate [SPEAKER_02]: So it could be fun.

[SPEAKER_02]: But let's end on a fun note, Brendan. [SPEAKER_02]: The one thing at the end of this show, we know, you know, in the price action isn't as fun. [SPEAKER_02]: People aren't having as fun and trading, but like, there's a hierarchy of needs. [SPEAKER_02]: And it's psychological, safety, love, self esteem, and then, of course, altcoin season. [SPEAKER_04]: All coincies. [SPEAKER_04]: And it's what we all need. [SPEAKER_04]: It's what we desire.

[SPEAKER_04]: go and explore the average human like goss watching? [SPEAKER_04]: No, no, no, no, we want all coins season. [SPEAKER_04]: That's what we live for. [SPEAKER_04]: And you know, interestingly enough, I mean, as we talked about at the beginning of the episode, Bitcoin dominance is dropping, even while Bitcoin's kind of falling through support, all coins are holding up, doing okay. [SPEAKER_04]: So maybe, [SPEAKER_04]: Maybe just maybe. [SPEAKER_04]: It's closer than you think.

[SPEAKER_04]: But we're going to definitely make sure that we keep everyone posted. [SPEAKER_04]: We continue to bring all the news to all of you. [SPEAKER_04]: And yeah, we'll keep everyone in the loop as the crypto market continues forward. [SPEAKER_04]: Because, guess what, it's not dying. [SPEAKER_04]: It's not going anywhere. [SPEAKER_04]: We're going to have ups and downs in listening. [SPEAKER_04]: We've had far worse than whatever we're experiencing right now.

[SPEAKER_04]: So, [SPEAKER_04]: Make sure you all stick around. [SPEAKER_04]: If you haven't already, hit that like and subscribe button. [SPEAKER_04]: It's completely for free. [SPEAKER_04]: It also lets us know that you like these videos and helps push it out to other people who might like them as well. [SPEAKER_04]: So, appreciate all of you watching. [SPEAKER_04]: T-Vo. [SPEAKER_04]: Anything else to say before we wrap up? [SPEAKER_02]: No, man. [SPEAKER_02]: The show's growing.

[SPEAKER_02]: We appreciate everybody coming back. [SPEAKER_02]: There's some bots in the comments there. [SPEAKER_02]: So ignore those bots that are trying to pitch some pre-sale or whatever door that. [SPEAKER_02]: But that's just a sign that the show's growing. [SPEAKER_02]: We appreciate everybody. [SPEAKER_02]: We hope everybody has an awesome, awesome weekend and we'll be back next week with some more episodes. [SPEAKER_02]: So I'm good weekend and until next time, I'll see you later.