Yo-yo, what up? What up? Good morning, Good morning. GMG Tuesday, right? Tuesday, Tuesday. Yes. Tuesday. Tuesday, Tuesday March 5th, 2024. Look at that. Another beautiful day to have a beautiful day. Another attempt. Another day another attempt to hitting all time highs on Bitcoin. It's going to happen lads. And it's it's last seas right. Last seas. Female of lads. It's last. I know it's last but I don't know in plural if it's last. Seas or lasses anyways.
We'll figure it out. Lasses. Lasses it's we're close to hitting all time Highs lads and lassies. We're going to get there. We're get there. The question is when. And the answer is I have no fucking clue. But it's it's it's definitely going to to happen at some point. I got my Co host in the house. OSF Mando, how are you doing today? Good another day, another day in in crypto. Another day for me in new paradise, didn't that didn't mean to be like a big segment for me.
It was just it just came to my head as you were saying it. Yeah, everyone just went quiet. Yeah, kind of weirdly quiet. It's a fucking great day. Come on, that sounds a bit more like energy to it, OSA, No? Forget Ovi bro. Forget Ovi. 0 energy. Zero energy. I don't know what I walked in on the last chat, but Ben was playing a like. Benny was playing a ukulele. I know it's a word I was like. Yesterday. What happened? Like go on. Because you don't, you don't have to, you don't have to
understand things at all times. You know, it's one of those things, Sims. If you think I'm letting you up on stage with that PFP bro, you got to change back to that red guy. But he's laughing in the studio. You guys should see Sims as PFP on on on Twitter spaces anyways yesterday. I don't know man. You know your boy OV every time he sells he like goes full bearish on me and you're not there to start the show with me
on the market. You're the only person with me that's like fully, like over leveraged fucking trading the market, going bananas over selves and gets all complacent and he's fighting. I managed to convince him to settle into Solana at least. And then? And. Then I'm the only, I mean the only book. Like, honestly, yesterday the situation was like, OV sold a lot over the weekend. He came in like really comfy, cozy fucking, putting 20 tweets out telling people to be careful though.
He's a full bull by the way. Like, OV's not very much like a full bone bull. We're just different types of bulls. I'm the bull with the bigger horns, but he's the bull with the bigger balls. You're. A frontline soldier, man, You're a frontline soldier. Yeah, I'm a frontline soldier. And he's like, you know what I mean? Like, he's like back line now. Chilling. Made his millions and then you know that's how what happened? So Benny came on because we told Benny that OV bought the alien.
So I thought it was funny to send Benny the stream yard lane because he genuinely thought it will be bought the alien and yeah that's what you walked in on yesterday. So hopefully today we're going to be able to deliver a better market report for our listeners. So today on the show, today, today market report, as usual Bitcoin nearing all time highs. Last night didn't want to work nearly all time highs. Literally today didn't work. Wow, Solana just fucking sent
through. Yes, quite a bit of rejection, but Solana is now sending finally. The dogs also went crazy yesterday. Please tell me. Did you do it? Did you I just the the liquidity is not there for me to just swing around. You'll understand. It's a different I'm trying not to try and do people a favour, not try and destroy. Childhood. You know what it is. You know what it is. And what's crazy is that. Good guy. You're a good guy, Greg. And I'm a scumbag. Steve, anyone know that quote? Yeah.
I don't. And one of my like redacted Robert. Anyways, let's just do that. Good guy. Greg, Scumbag, Steve and Redacted, Robert. I mean, that's pretty accurate, right. Anyways, so, so that's going on. We're going to talk about NFTS. We're going to talk about Doge and Shiba because she pretty much almost flipped Doge yesterday, which I had no idea about. I haven't been keeping up on that. I just know I went so long Doge that my boy had to lend me some money. And then and then.
He is down on the trade. We are definitely down on the trade, right? Yeah, I'll come back. Actually, you know what for? I got you a better entry. I got you a better entry. Of course you did. You're my boy. But I got crazy entries the other night too, so that. Don't keep that in mind. It's not bad. Anyways, there's that. And then, you know, and I mean ordinals flew yesterday. Quantum cats, a bunch of stuff. Ovis releasing PD5. Why is that a topic? And then I'm just kidding, but
it is genuinely a topic. I can't wait. I actually I need to see how many I get to Mint. I need to go check on that. I have a few selfish questions to ask you about that. So I'm glad Sims added that. And then more large NFT sales and a bunch of stuff going on like you know both Lonitis teasing the ordinals project Cyber Kong's move to running, et cetera, et cetera, et cetera. So anyways anyways anyways anyways that for oh also.
Also it is Tuesday. I just spent another half an hour before the show doing the loot boxes. Can you guys do me a favor stop sweeping the red guy and the rug radio floors for like a week and Penguins. So like I just can stop like having to re add the loot boxes every time. It's crazy guys. I had to redo the whole loot box again this morning. Left. Floor it keeps on keeps on flirting with one heap and then it keeps on floating.
One heap 0.7. Yeah. If somebody comes in and just fucking destroys it every so often. I know. It's so funny. I love that, right? Isn't that the like the definition, the pure definition being Red guy? So it's perfect. It's it fits the lower perfectly. So we're going to get 2 loot box pins today. That's and lastly, so there's two $5000 loot box pins at the end of the show. So stay here at the top. It's been the first pieces. Link, retweet it, share it,
follow for more. Hour follow Robit and let's fucking go. Let's get this party started. Can you dig it? Right GM everyone, sorry I was not here yesterday, but yeah, we are in a Raging Bull market again. What has been going on over the last 24 hours? Firstly Bitcoin just just dipped from its all time high. Briefly touched there and got close to there even last night and whipped all the way down to like 65 Ki think 66 K now we went back up again.
We've whipped, we've whipped down to 6768 K now seemed to having a third attempt at it. We had another 5, 100 million going into the ETFs yesterday. Interesting. There's been a lot of rumours in the Bitcoin community about Qatar buying as well. Remember this was a rumour that happened back in the summer of last year or autumn of last year. They were going to buy, buying. There's a lot of rumours that they are now buying. That would be a huge buyer, buy and hold sort of buyer.
I think that the Qatari investment fund is about 500 billion. So if they're getting involved as well, that would be another huge incremental buyer coming in other forms of demand. Micro strategies, raising some more money to buy for more Bitcoin, black box, biggest, biggest fund. Complacent. There's one guy who's complaining. It's Michael Saylor. I'll give you that. BlackRock is buying it in its biggest fund.
Which is the. Strategic Opportunities Fund and yeah just just generally huge amounts of buying at the same time. This has been matched with pretty excessive risk taking technical indicators flashing we're at now at extreme greed of 90 on the fear and greed index. We've we have been here before. We were here in 20, I think it was 2019 for a couple of days and then 2021 for a few months. So you can decide which one of those it is. My personal view on this fear and greed.
Index, RST, Index is what I've been saying ever since the ETFs were started really wearing up when we're at 40K. Do not look at this stuff like yes, you can see we're over extended, look at flows, look at flows like we are gonna keep on looking overboard if the ETF is buying 500 million and yeah we can get some nasty Wicks. Look at flows and look at leverage. Now leverage has picked up in the last 24 hours, funding went particularly high. We've had a couple of of flashes.
Just again today it's 500 million of liquidations already in the last 24 hours, 510 million. It looks like as Bitcoin is now dipped back to 67 K, so huge liquidations happening and then you tend to get this funding reset and then we go again. So I think expect to see that that's very, very similar to what we saw in 2021, very, very similar and then everything just absolutely gapped for basically the rest of the year kept on going higher. So I think that's the market I feel that we're in.
It feels more like a a market where a lot of technicals might seem overbought but they you can still buy it. In terms of the themes happening obviously memes have probably they've they're still very strong as a theme at least the main 2 with with some of the older memes starting to pick up Shib is now about $25 billion market cap same as Doge.
So ship nearly flipped Doge yesterday it's still only about 10% apart from each other which is which is kind of wild I don't think many people expected to see that or I I definitely didn't. Ship has built like a whole TVL around it. Like it has this whole. Right. Yeah, it has a whole D5 ecosystem. So there's been some talk go, you know, this is this makes sense. At the same time, I definitely would not have expected that.
And in terms of the newer memes, you saw Bonk go above 3 billion briefly FTV and then come back down. You saw with got a listing. I think it was a listing that people, a lot of people are expecting. So it's gone slightly lower today. I think that's what, you know, we were just talking about now I. Think that was that was that was I know what I mean but it was Preston right? I mean, I think, I think it was very much expected.
I personally think that this whole move, basically moving all all, all coins was probably in anticipation of that even happening. I would be very unsurprised if some people in the know there was some massive buys if you remember in with in with like down towards the lows and then it started getting moving. So I think exchange listings always means positive price momentum for meme coins.
You know like that is one of the main reasons to buy meme coins is like and if you've ever been in a meme coin chat, it's always like when can we get a listing when can we get a market maker when can we get it like any listing and with is kind of completed the set. Now there's there's only six memes ever been listed on by Nets like it's not it's you do not get that many listings of Tier 1 exchanges.
So with with completing the set, I just think it kind of it's just kind of dampened down a little bit. Myro, which is the other big meme on Solana I think is is being listed for future. So now people are playing that one a little bit, you know maybe, but that one gets a spot listing interestingly, yeah these are both all the all the
memes being listed, right. Bonk was the last one then it's now with and now it looks like it could even be Myro in the future like because it's all happening on Solana. So I put that tweet this morning just being like, look, there's no way that you can't see the salon as the casino. Everything's happening on it this cycle. Like it's the most active right now for D5. It's the most active decks. Sorry, it's the most active for
NFTNFT volumes. Magic Eden is smashing that and it's and it's the most active for it's, it's the most active of meme coins as well. So it's really catching like some of the biggest utility plays of blockchain at the moment. And yeah, Ben Solana, which had been underperforming for a while, has started to move as the show has gone on. I'm just looking at where it is now. Solana. Is 143 now so? It's. Really broken out of a little range there.
There was some talk again about the FTX estate having to sell some and that that has seemingly potentially even cleared. I don't, I don't know. This was, this was the resistance point. I thought that we'd get to like 142. So I think we'll probably stick around here for a little bit potentially. But if not, like it's clean sailing to a much higher level. I think this thing could, could go a lot higher.
ETH was the outperformer before that, so ETH had been rallying even more than Bitcoin. So as OSF keeps tweeting out, we're hitting 100K, sorry, a hundred $100 increments every single day on ETH. That ETH chart is wild. Like look at that chart from the start of February. It has just been up only pretty much every day. No dip, no dip. We started at 2200 and just every day up, up, up, up, up. It's really starting to get a
bit excessive recently. Like if you if you've been listening to Tradfi now get on the get on the the crypto train. A lot of them have been like, oh, you know it's going to be ETF next. Genza did delay the BlackRock decision until May. It looks like the. Same movies playing out again. It's similar he's asked for public public comments about Eve's. Let's see what happens it he's gearing himself either up for a huge fight at the last moment or he is or he's going to let it
happen. I had haven't checked Polymarket, but my guess is that Gensler's not going to reject it last minute. He may. He's done that kind of in the past before or at least close to last minute. So maybe he does. But let's see, let's see what happens there. They they had won a a small victory in a in a lawsuit over the weekend where a judge basically agreed the secondary sale of of tokens could be deemed as securities. It wasn't a direct ruling, it was a it was a ruling in an
insider trading case. But it was it's something that they may look to and be like oh you know this is another idea that you know these are all securities we're now 82% so ETH have been ETH have been leading and then what else have happened all all coins other than that had not been trading well I mean that's mainly because mean points and majors were taking the the the majority of the trading solicit the first time Solana has really traded well for for and I I know it's this
is tends to be how all. Coins. Look at the conversation period. Here it's been a while that it's like not moving at all. Yeah, it tends to do this right. Most altcoins tend to tend to be a little bit like that. They can sold it for a while and then they'll just gap. So Solana is having that gap moment. It'll be interesting to see. Now if we do move to some of the other altcoins, obviously Bitcoin at 69 K you know, like I put out a tweet again about this before.
It's like at this stage you've got to kind of think about your upside, downside here. So where where do we think bitcoins going to go in the next three months? Do we think it goes to 100K120K, Like 100K is a 35% move from here. Now like it's, it's a good upside, but I wouldn't say it's like an incredible upside and I think a lot of people start to play that a little bit.
So ETH is still quite far down. I do think people will look at things like Doge they which is down like what 80% from its high they'll look at. And that's not because I'm in love with Doge. I just think people will look at this sort of stuff and think of their upside down side, like is Doge really going to go down now? Like 50%? Like maybe if everything tanks. But my guess is that with the way the meme coins are going
that they could keep going. That's why meme coins have started to pick up particularly some of the OG ones and and I think people will look at things like Solana, like is Solana going to go below 100 down 40% but then it could go in my eyes I think it could it could go above 300 so so I feel like it's again like it's this these risk reward plays.
Bitcoin is obviously going to be the least risky out of them all and I don't really see much downside there, but I do think people will push down the risk curve now a little bit more. Naturally ETH ETH will probably lead the market I reckon for for the next couple of months there. Yeah, there's it's a good breakdown here. Is there a world where you guys think like Bitcoin just like teases with all time high for a few months consolidated? I think it's going to keep
going. I just, I just think it's all but I mean it's really it's it's it's all a game of ETF flows right now and you know yesterday you had $530 million inflow now despite GBTC still having $400 million outflow. So the the money coming in just it's not going to stop anytime
soon in my opinion. And it's one of those things as you get higher prices and as Bitcoin hits an all time high and as the media reports it and all these meme coins are running, people are going to be like how do I get exposure to
crypto. And we still, you know, we've been talking about how we haven't really truly seen the retail influx yet and I think we're starting to see it now because we're starting to. I'm starting to see stuff like my follow up account, you know, right Increase more quickly than it has done before and the number of holders of these coins are now becoming higher than they were before. So I think we're starting to see people come in.
But really, like retail usually comes, it feels like they come after all time highs because that's when it gets widely reported and that's when people feel like they need to get involved. And maybe it's even after a little bit after all the time highs because there's always that feeling of like, oh, I don't want to buy all time highs and then it goes up another 10% and you're like oh fuck, it's going to keep going, isn't it? And then you come in so.
Well, they'll buy things. They'll buy things like Solana, They'll buy this stuff which is still down. Like, I agree with that sentiment. I do still think that this is very different. This is very, very different than other times where we've reached all time highs, like other times we've reached all time highs. It's felt excessive. It's been like, Oh my God, it feels unbelievable. And everyone's just like unbelievable amounts of risk
taking. Your barber's recommending random coins to you, like it just felt. Recommending shit yet? We're number one on the App Store. Like it's just it's just crazy. This feels like Tradfi has woken up and wants to buy 500 million of Bitcoin every single day. It's very, very different. And this, this is what I love when I hear the mainstream media talk about it because they just they still don't get what's
happened. So they they seem they think it's like the last cycle or the cycle before that where it's there's no adoption. They think it's just like oh this hasn't happened but actually there's huge adoption and it's adoption by the people that run all these firms that you're talking about on a daily basis. So I think this is again going to be a misunderstood rally for
a while. You've seen it on the way up, Kramer, do you remember famously all the way after the ECF launch was like it's going to be a down only market. We're going to go to 4030 twenty, like there's going to be no buyer. Well, Bitcoin adoption is going up. I've when I think about the flood the the like, the supply and demand the only supply is going to come from GBTC. In my in my opinion the government has got a decent clip now like a couple of billion that they need to sell, but it's not.
I actually think that when that sells it's going to be a very bullish moment because that's the only real big supply moment I can even think of for for Bitcoin here. Like who's who's got that huge bag of Bitcoin that they need to need to sell like doesn't feel like a leverage has been overly excessive. It's not like there's some big hedge fund about to explode like all the exchanges have kind of been, you know, they've been cleaned up to a large extent.
I'm not saying we're not going to have rugs. I still think just in sun is is like flying a little bit close to the close to the sun. But but yeah, I just, I Bitcoin is going higher. Yeah, it's going higher. Much higher. I mean look at this. It's the sailor stuff from yesterday, dude. Like it's like it's like more money. Like BlackRock literally announcing that they will use their own fund to buy more crypto. Did you guys see that? It was it was one of the news
that was fine for you. I think OV and I both shared it. It's micro strategy announces proposed private offering of 600 million for criminals for for more they anyways they're buying more crypto. But then BlackRock. BlackRock to buy Bitcoin ETFs through its $36 billion Strategic Income Opportunities Fund like it's endless inflows of money. And now there is the other side of the trade that some people could think, and that was the conversation I was having with Liz this morning.
He's like, well, what if Bitcoin only pumps forever, right? Or at least dominance goes insane and the altcoins don't catch up as much? Perhaps there's a world in there, but I don't see a world where like Bitcoin doesn't pump to 100K. I had pump the big compounds on the K and then retail sees this and goes, wait, I want to go buy the coin that's like .0001 dollars because it's going to a dollar. Like I think people don't
realize this. Like that's the point I was kind of making early this morning is like, I like I know when I feel fully euphoric and when I feel fully excited, I'm super hopefully excited. I'm super hyped. I love seeing Solana 2X from where I like complete converted there all this stuff. There is not an ounce of true euphoria like 2020 like 1 Euphoria and me yet like where I'm just like I'm the king of the world. I'm genius, you know what I mean?
Like it's not. And I and I know people seems to think that's the next I get to. It's just me being excited. I look at media standpoint numbers. When I went into crypto in 2021, it was from literally like social media and everything. And I saw 8000 tweets, #tweets about this thing called Dogecoin. I was like, wait, 8000 tweets about it's going to go viral. Let me buy some, Bought some. That's where I'm at some money. Then I'm going to NFTS. That's because I have a Internet
brain. You guys have like the big Barclays like trat fi, tart fi brains and stuff like this. I see it on the other side where it's like I'm more the retail content brain, media brain. And I look at this, I'm like dude, like, yeah, your follower count is rising OV but it's not really probably rising as much as it's about to. And like we're about to do or like when you look at Ansome, for example, like he's the one the forefront of the meme coin
mania right now. This year, right there is going to be a point where you open Instagram and all your friends that literally laughed at you are going to be sharing a new shit coin every day. We're not there yet. I open Instagram. There was two friends of mine that shared shit coins. Not friends. Like, like like people that like like I follow on there that I'd like keep up with here and there. I haven't gotten single messages from UTA or CAA or WME to host a
celebrity. Like do you guys understand? Like in 2021, I have hosted every single name you can imagine on the surface of Earth, whether artists in Web Three or celebrity, there isn't a single one of them that has come back yet. I'm not even making this up. It's not even a knock on the agencies. Maybe they're more scared after the FTX, the Tom Brady, Sam Bankman freed stuff, so they're more cautious. But like, we have not like like, dude, Paris Hilton hasn't
dropped in ordinals yet. Do you understand? Like, let's just be honest, like this is like when I see like the NFT page I was launching like 20 million rugs per day or all these things like, it's not there. Like ether NFT projects aren't even selling out right now. Like they're struggling like, so it's like I look at all this and I'm like, damn, like I'm not doing 50 million impressions a month yet and I know I'm about to like decrypt is not getting like 2 million page visits today yet.
It's going to like, you know what I mean? It's like, it's like I look at these numbers from the media standpoint because I know you guys are more like the like the the trading standpoint. It's not, which is probably why you're always going to make more money than me trading 10 times out of 10. And in a bull market, in a bear market, my thesis is not hold battle in the bear market. That's where I get wrecked the most 'cause I chase, chase,
chase, chase get wrecked. But a bull market like an up only market where like it's all about attention and retail. So if you care about retail and the whole name study retail then study's for real. Like retail is not really entered yet. Like honestly that's what I think it has entered. There's been a paradigm shift, hence why Dogecoin went to $0.20 last night. Washiba is fucking flipping Dogecoin right now.
You know, you saw that famous Tiktok girl saying, oh, I bought X amount of Toshiba. If it hits a dollar, I'm making $1,000,000. Like those are things I need to look at. But I don't know from my content brain, social media standpoint, I'm, I'm, I'm, I'm, I'm not near where I, I I I am considering even selling a dollar worth of any of my tokens. So I think just going back to the original point about what Wiz said, I think he he has a fairpoint like we've set it all the way up.
Bitcoin dominance seems to even in this bull market it's kind of stayed pretty strong. Like normally you would see Bitcoin dominance start to fall as it approached all time high and it hasn't. In fact it's kind of gone the opposite way at several times and some days it just feels like Bitcoin's the only thing to buy. I I don't expect that to change. I don't think Bitcoin dominance is actually going to go below, much below if at all below 50%. That makes sense.
Bitcoin dominance stays very, very strong throughout the cycle. Maybe only towards the very, very end of the cycle or if the ETF absolutely knocks it out the park, which I'm kind of in two minds of. There's a lot of. If you see Eric Balkunis on on on Twitter at the moment, he seems to be talking it down quite a lot. But I do think that Bitcoin dominance is probably going to stay strong even as and you can be, you can get wrecked in these alt coins.
Like if you remember 2021, a lot of people are playing alt coins. I think that's where a lot of people's bags are expecting it to rotate. And I think it will still be a little bit of a painful, a painful period here, that's what. Everyone's sidelined Bitcoin,
that's for sure. Like. Yeah, I mean some people are, I mean obviously there's there's obviously the Maxis, but yeah, it's it's off if you it's difficult to be here every single day and not be interested by the other alt coins, like not be interested by certain things happening. Because, you know, if you just own Bitcoin, it's kind of a bit of a stable asset and it doesn't really do much apart from like a payment system where a lot of the other other things happening here about ecosystem.
What does Michael do for society? I think I would. I would take the other side of that. I do think Bitcoin dominance will drop below 50% this year. I think it's going to be around the ETF and after it, but I just think I still believe in the theory of cycles and the theory of like capital flowing from from less risky to more risky things and the theory of like high beta things outperforming. And we're just in this mode right now where Bitcoin is the thing that's leading everything.
And yes, that's because of the BTCETF. But remember, like just as the Bitcoin ETF is buying stuff, it can also sell stuff and those flows can also turn at some point. And I think when you, you know, when you get the ETF, is there an argument to say some people sell the Bitcoin ETF to buy the ETF? You know, like that's a possible situation as well.
Because like we're right now, we're talking about how people keep talking about ETC and how that could go towards 0.06 and higher throughout the cycle, which is a trade you would transact within the crypto world. But you can also replicate that trade in the in the real world by selling the Bitcoin ETF and buying the ETF. And that's the kind of action I think that could actually send
Bitcoin dominance lower. And it may not be a situation where like just because Bitcoin is going lower, alts go lower. Because if ETH goes higher and Bitcoin goes lower, I think all the odds go higher because I think the odds trade more aligned with Ethan than they do with Bitcoin. And that's something that did happen in 2021.
Like you had this period where Bitcoin was just flat or even lower and just everything else was ripping and it was like everyone's like RIP you know taking the piss out of Bitcoin Maxis and stuff. Like you had that period then and I think you could see that. I think it whether it how long it lasts, I don't really know. But I do see a world where ETF is approved and capital moves out of bit Bitcoin ETF to ETF. And in our world capital moves from Bitcoin to ETH and from ETH
to ALT. And that's when I think you see Bitcoin dominance drop below 50%. So you're saying it would be it would be an ETF thing? That's what I That's what I think it will take for you. Need something to off what do? You think I could take that? Yeah, the flows to Bitcoin ETF are so insane right now. You can't like not that much capital is coming into crypto elsewhere, right? And that's all that's going just into Bitcoin. So you need something to offset,
offset that. The only thing that I can't, I think could offset that is ETF. But whether that gets approved or not is another thing. You know, that's less of a dead cert than than Bitcoin. But man, if that does get approved, like shit's going to move a lot higher because I don't think it's priced in. I think I haven't heard one person say Having a single person say they're really confident on the ETF getting improved, I think.
Some people are like I got. Some people are modestly positive on it, but no one is like 100%. Yes, it's happening like they were with Bitcoin, so. So that's that makes that's a good other side of the argument like hey it could go below 50% if the ETF like really get all that interest and like it's kind of rotates into ETF like all this like demand and stuff. I mean you have Larry Fink talk about tokenization of the entire planet on TV all the time.
You know ETF kind of facilitates that, right? It's kind of like the how it how it helps. And like for me ETH like the most amazing technology ever created by my kind in terms of like it's the future of the Internet, like the whole blockchain tech and everything. So I don't know, it's just like there is a world where like really ETH, like you know, really goes that like all like ultrasound money. Speaking of ultrasound money, how we the burn of ETH right now is like absurd.
I mean, when you think about it, 28,000 ETH was burnt this this week alone since Merge. Let me tell you all that since MERS, there's been 400,000 ETH burns. And look at the supply chart here. This is some, this is some very, very bullish metrics on the theorem here. And I think, I just think there's so many more like bullish narratives left. Like you can give me a dip in April, you can give me a dip in May. I don't give a fuck like I I was
thinking about this yesterday. It's like, I don't care. Like it. It doesn't matter like there is like on Solana you have Fire dancer coming on if you have EIP 4844 and like literally like probably ETFs that are going to come and bitcoin's just Bitcoin like the outflow. The inflows are not going to stop. Like they haven't stopped. Like what are OK, what are inflows looking like these days? Like I know we don't cover it as much now because like every half millions it's.
Still big like it's it's yesterday was 530 million, last week was 1.6 billion. That. The the numbers are still the numbers are still big man like and they they just keep going. I wouldn't underestimate how. I mean if you look at projections for this year people are the projections are like between 40 to 80 billion of net inflows into Bitcoin ETF and right now we're at 9 billion I think just under 9 billion. So just it's it's big yeah.
And this can change like this is the Bitcoin ETF is very much a macro product in my opinion and like if you have a bad payrolls number on Friday and then if you have big inflation number next week and and you know stocks are at all time highs and stocks are kind of a little bit they feel a little bit shaky here in in my
opinion. So if macro sells off then you could see some of these Bitcoin inflows pause or you know maybe even go the other way because you are going to get a lot of cross asset enjoyers in that trade. So you have to keep. Yeah that's the other thing you have to keep in mind. Now like we on paper we should have more correlation to macro whether we will or not we'll see like we'll see in practice if that happens or not.
But you know if you have a, if you have a big sell off in stocks, I do think crypto will fall with it and I think you will then you and then I think you'll start to see outflows and then I think you'll start to see even more of a crypto drop. So like don't forget like however aggressive this has been on the way up, at some point you are going to get outflows and at some point the the music will change until that changes again.
And that's exactly what happens happened to us, Michael, like when we traded ETFs and like you know in in in high yield, like it was great when they were buying, but when they were selling, it was like pretty brutal. And yeah, it can sell, yeah, it goes both ways. Yeah, swings both ways. Yeah. Dude, that's it's just wild what's happening anyway, So did we hit or did we not hit this this all time high? I'm getting mixed. Like I I think we did for a second, right. I got.
I missed it. No, I didn't think. I didn't think. We did that. It says 69 point. Like I can't even pin it exactly. Like, yeah, like six, 8.1 or two. It looks like I'm not paying for that. Hold on, looks like we may have hit it. I'm not sure. I don't know. It looks like we may have hit it for like a second, but it definitely looks like we're selling off right now pretty heavily. Is that what you guys were talking about? Just like probably some Wicks to like get all the leverage wiped
out. We should probably go look at what the leverage looking like now, the heat maps looking like, like right now, right. Let me see. We're going to need more callers soon. Yeah, where is it now? I haven't even looked. Yeah, it's cared up a little bit. I mean some, some must have got taken out in that Wick for sure this. Is a wild Wick. What does? What has happened? Oh, another Wick. Oh, wow. John Wick. Wow, look at that. Look at that. Pack it up lads.
You know, I think. I think it's 12K next, right? I'm hearing 12K. I don't know about you guys. I'm hearing. Yeah, they're going to love that. Trapfire are going to absolutely love that. Oh, it's down. Oh, it's never going to come back. Yeah, they're going to love this. This is going to be their classic headline. Yeah. Speaking of Trapfire, actually, I got something. Good example by the way, of what
what happened in 2021 as well. Like you're going to see these sort of Wicks, Wicks get absolutely people get absolutely eviscerated in the excessive risk taking. And then and then it'll it'll all stabilize again and we'll realize we've got another fucking 600 million of inflows tomorrow and the next day and the next day.
So yeah, expect this a lot. I'm not trading this market actively, but if I was, I think one of the easiest things to do would just be to like have some stables dry and as soon as you get these Wicks just like buy into it and then. Yeah, this is a classic pie like and then. And then you just sell them and you could have just like repeated that strategy over and over and over again. You'd make so much money. I mean, look at that. It literally did it again. Like it dropped the exact same
point that it dropped out there. Like it rejected all time High. It went here, it went, tried again, and then he rejected the exact same spot. Yeah. Right. A ton of people will get liquidated on this move lower and it's going to move back higher and they're going to be really pissed off. They'll be like, oh, I had the right trade. Yeah, but you didn't have the right trade because. This is why we use it. We use Mando's infinite money glitch. Not one with leverage.
Mando figured it out. Infinite money glitch. I didn't even know that existed. I think Suzu wrote about it the other day, which you have on your show tomorrow, right? Like having. How do you do it? What is it called? I don't even know these things. I'm not even professional enough. But it's like the thing when you have money in your account and then it takes that money out. But I mean, it's dangerous.
You guys are savages. There's anyway, Speaking of Speaking of Speaking of retail, a trat fi and everything, I mean, look at this clip. Let's talk about this clip for a second. What we make of it? Was in the green. I do want to talk about something we just chatted about on radio, Guys. The era of the meme coin is back. Can you believe that? No, I don't. There's a Tell Me More Tim. OK, there's Pepe the Dog, the Pepe the Frog themed coin and and Dog with hat.
This is new to me. I'm just learning this from among the most read. MU Yoshen I. Think this is all just. The same. It is certainly back. OK. Is that, is that where we're at? Is this like the contrarian sell signal now that's what I'm thinking. This is like there's a sentiment indicator here, right? So as soon as Bitcoin hits 69. 1000 What happens to all these other mean coins? That's the big question, right? Can't believe it. Well, not. Really. Right.
Because now you're waiting for that Ethereum ETF. And so if you think about it, perhaps exuberant exuberance can keep going because you know, even if interest rates stay higher, it has not popped the bubble of money going into these types of investments. Yeah, it should be pointed looking like it's in a closure. What do what do you make of this, Sylvie? What do you make of this clip, Bloomberg? It's so funny to like listen to these guys speak about it and try and analyse it.
You know what I mean? It's like like try and rationalize it and justify and then you know in the past of Bacard this is the phenomenon of low interest rates and guess what like interest rates through 40 year highs and we're we're running it back again like and they're just like they're just like. What? Like what? The fuck is going on here? It's so funny. Just go just. I mean, they should. I don't.
I'm surprised they don't get like, crypto people on to talk about this kind of stuff because. Right. Yeah, because you, you know, someone could sort of could rationalize it a lot more. You get handsome on there, you know what I mean? Like a dead ass like or someone, mind you. Someone Like You who has a trat fi background. Yeah, yeah, exactly. Right.
Like you worked on Wall Street for 10 years and now you obviously cooked the memes and it's like get Someone Like You that can like kind of like make it make sense. Though it's not really supposed to make sense, but, you know, kind of somewhat make it make sense. See what I mean? So hey, if you're Bloomberg or any of those TV stations hit us up whoa, whoa, whoa. But we have a bunch of experts that are probably happy to come and talk about this shit. Mando had to leave us.
Y'all obvious reasons. Trenches. Trenches are calling him. Amanda was like, boys like this is where I need to trade. No problem. This is where Mando makes his, makes his millions. So we're going to let him do a sting. We're going to let him cook. We're. Going to let him do his thing. We're going to get to the Robit loot boxes in a second here, so be ready. Start retweeting. Start retweeting. It's pinned to the top bottom right.
It makes you follow. You have to follow FOMO Hour and Robit Com. OK, it's easy to get. You know how to find us. Robit ROLL, BITCOM and then FOMO our FOMOHOUR. You have to be following us. You won't be selected to come. Two spins, 5 KA pop and we're running it back. On Friday we send the 2:50 to winner Yesterday we're going to give money tomorrow, give money after tomorrow. We just keep on keeping on and giving money away. Anyways, let's run quickly OV
through NFTS here. So let's go to DJ. And I didn't realize you guys have a whole blast thing going on. Damn, pretty cool. So much alpha on this. Honestly, there's a lot of alpha actually going on there. So anyways, we have on the east side. I mean, I I saw a lot of tweets about board apes like going on the 28th. You know what's funny? OV when I do these things, my my camera bugs. How do you do it? How do you you know who loves doing this? It's Loxley. Oh, there you go.
For those that know we are also on video broadcasting is put some foam water on my account. We're on YouTube. See, my camera froze just now. It does that to me every time after I do this. I don't get where it freezes. That's like a that's a bug, right? I don't know, but it's so annoying like I'll be in the most serious meeting bro. Like or just now like I had a meeting like a large client of ours and I'm here saying like going into this like peace sign like what's the peace?
And then see this balloons come up and I'm here. Like dude, what is going on? I I hate it. I I cannot stand it. Look, it freezes my camera too. We're back anyways. NFC side board apes under 20 ETH OV what do we think man? Like the whole. So it's not just a boarding thing. The whole of ETH NFTS right now is getting decimated because of these points. Obvious ETH is rage pumping to 3800 normal. We've seen this movie before.
Doesn't mean it's dead. And ordinals seems to be taking a lot of the attention here OV So what do you what's your read on 20th board apes here? 18 Eats board apes actually. Yeah, I think it's a hard one because it's you know, ETH is going up which when it goes up aggressively is not good for NFTS and ordinals, you know fully fledged firmament in on on ordinals right now. So it's a really tough one for ETH NFTS. And so it's like even Solana
NFTS as well. I mean, I haven't really seen much of the timeline about Solana NFTS at all, and Mad Lads have done well, but I haven't really heard of like many Solana projects away from that. So yeah, it's just, it just seems like all about ordinals right now. They have the narrative, everyone's on it. Bitcoin is the thing that's rallying.
Yeah. It has kind of has that early ETH NFT feel where you just don't have all all the tech built out for it in terms of like commoditization of of it either you know, it feels more like actually collecting NFTS and yeah that's basically it. Yeah, I mean on the on the Ethan Soul, you're on the money same thing. So either stagnant or just going down. So it's not been moving much like aside from punks which have been very, very strong like 58 ETH at a ETH constantly rising.
So you're talking about a but there was also was you bought a $16,000,000 punk yesterday. So Congrats again on the alien the crypto punk. The crypto punk floor is now torn AS15K. So if you don't have a PFP, if you have a PFP on the Torni K don't at me, don't at me, don't cast me, don't tweet me, don't WhatsApp me. OK and then the rest of it is down man on the on the daily there was two major mainland dollar fidencer sale I know seat
phrase. Danny of course, had a big sale at Sotheby's in ETH terms, not great in dollar terms, actually ended up being pretty good. So there's that. And on the east side, it's just like things are just not really picking up more from there. We're going to have to wait. But there was 496 ETH finances. LOV Yeah mental.
Yeah mental. So look those are signs that you want to look for which are good on on Solana saying like look Frogana's are on the four famous fox insurance mad lads I every time I open magic heater on the same price since like months like in the 170 fifty and like 414 inch personally speaking I still am top ten holder of of Bodagos and it's still it's like 6 soul like it's like stuck in this range right in terms of like Solana NFTS but there will be a point I genuinely believe
and like book it like on the show it's recorded like Ethan Soul. As soon as Ethan soul stabilized because they're both about Co parabolic or have been, you're going to see like it's going to take a while. Like I think Ethan saw on FTS you'll have to wait till April like it's something that like you're going to have to shelve until meme coins run more because there's too much up cost. Like degens want the money now
they want liquidity. Why would you as a degen have most of your money stuck in an FT when you're not a whale like you? You can't afford to be in both right? So I think that's what's going on. And the Bitcoin side No monkey still above .7 Bitcoin Organic retrace RSI CS pumping. But it had retrace on the .1 Quantum cats Quantum cats OE what a print what a print .44 Bitcoin yesterday which now a .38. So that's for anyone who got this, that's a $30,000. Print point what?
.24 yesterday .44 Geez yeah dude $25,000 NFT Thank you Udi and and then stop my cat and I'm so happy he evolved so he's so pretty now as is that the puppets I mean you know over the last day quite large retrace down 15% normal though Bitcoin is turned volatile same thing and then you know BIC lifts or no maxi biz like all the other stuff or no maxi biz man OMB is 1 Bitcoin. Wow, ZK never missed. One Bitcoin now. Wow. Fucking hell man. Honestly, though, are we
surprised ZK Shark is? Like, Yeah, not surprised. ZK Shark is. I mean, you know what's crazy? Like people have so much. It's not crazy. We have so much respect for him. Like when I go to conference, like in Paris, a lot of talk was ordinals. Everyone's like, yo, that guy's like preaching the gospel like he was the guy. He's him, you know, He's like the leader of the fucking ordinals in the OMB. So big shot to ZK shark on that. Wow, look at Bitcoin. It went low as 64.5. Wow.
Oh my God, Mando's. Wonder how much? Yeah, I wonder how much got liquidated there? Yeah. Is there, well, how do you see again the liquidation amounts? Is it on the corn glass as well? I think it's on or it's. On coin maybe coin lies, yeah. Let's see how much got liquidated here. What do you see? You go to Bitcoin, right? Yeah. It's here, right? How do you see the wipe? How much was wiped? Liquidations here. Let's look at that. Then we'll do the robot loot box spins.
What do you long legs in the last? That's 24 hours. How do I make it less? It's not that much, actually. 169 M in 24 hours. Surely it's more than that in the last 30 minutes, right? I. Don't know. Must be more than that. Maybe it's not dated. So I'll fully retrace that pump by the way. Yeah. Well, back to 133. Yeah. Wild. That's a that's a nasty, nasty liquidation for people, huh? Nasty Bitcoin for sure. A lot of people got clipped on that $4000 downwards candle on Bitcoin.
For sure. For sure. For sure. For sure.