MORE PAIN OR BOUNCE COMING FOR BITCOIN & CRYPTO THIS WEEK?

thousand dollars. So we continue to see more downward pressure, but the good signs are on the daily chart. We are extremely over sold. The RSI is turning red right now, that's how extreme it is, and it's certainly below thirty right. So if you know your textbook when it comes to markets, anything thirty and below is over sold. Anything above seventy is overbought. So we can expect some sort of reversal, although it could chop around here for the next week.

So just the timing is always the hard part, you know, because no one has a crystal ball. But we can use these signals, which again are textbook, and you can get an idea of where the market may go next. So I think some sort of bounces to We are extremely extremely over sold and there's a lot of fear. And even on the weekly chart we are essentially touching the oversold zone here for the RSI, So that's a

good sign that some sort of relief is coming. The question is we've been talking about and I know a lot of you're gonna say, Tony, it looks like you know what you're talking about. The thesis of this continuing to new highs is looking less probable, and sure, you know that's certainly possible. I've told you guys, if this thing breaks certain support levels, then yeah, that's it. We're

gonna keep going down. It's just like the previous market cycles four years and so forth, though the macro is a bit different this time around, so we're gonna have to wait and see. Folks. Obviously, do what you need to do in the market. I'm just sharing the data and the facts with you and we'll see where things go. But you know, both the daily and the weekly oversold,

so some sort of bounce will be coming. And to add to that, the two week RSI closed right above the zone where all major bear market bottoms have been found, So that's how low it is. So it's not your traditional bull market and it's not your traditional bear market here, so again we're looking for a bounce and let's see how this plays out. A good sign as well is that retail is starting to capitulate. So when you look at the wallet addresses, and this is data I've shared

from Santiment as well, retail is going down. They're capitulating, and the whales are accumulating. These things have preceded rallies, right, and if you've been catching my episodes with Brian from Santaman, we exactly talk about these things. And I'm waiting for Santiment to update their data tomorrow, you know, once the weekend data comes in, and I'll share that with you

all and we'll see which direction things are going. Because if retail keeps accumulating and whales are distributing, then that's not good. But the positive sign again, the whales are accumulating, retail is starting to capitulate. So I don't make the rules, guys, this is just how things function. And when we look at the data, it's very eye opening. So we shall see what happens and look. Not a good sign is

Jim Kramer is talking a lot about bitcoin and crypto. He's been tweeting NonStop, and one of the things he said today was with bitcoin, it's seventy seven thousand dollars. I figure the buyers come in all at once to move it aback above eighty two thousands. If he's saying anything bullish, you know that's not good. It's bearish, right, So we could be in for a rough Monday or rough week. I don't know. We're gonna have to wait and see. And look, a lot of people are taking losses.

So the infamous hyper unit whale exits entire eth position for two hundred and fifty million dollar loss, left with fifty three dollars in the account. According to Arkham So unchained data, the trader, linked to former bitfour x CEO Garrett Jin has closed out their entire leverage ether sition on hyper liquid, realizing a total loss of approximate two hundred and fifty million dollars. The account now holds just

fifty three dollars. As stunning collapse of a whale who famously profited two hundred million dollars by shortening bitcoin and ether ahead of the October twenty twenty five tariff driven market crash, The exit marks a dramatic reversal of fortune for the trader who had built up an each long position worth over seven hundred million dollars in recent months. So even some big players getting wiped out here. But despite this, you know, the bigger theme though of crypto

and the long term view, the macro is still intact where you have VC funding is ramping up. So a report coming out here says VC roundup, crypto funding rebounds as institutions tests unchained finance. So we know that despite the market volatility, big players are building and investing. You got trad FI also building and investing, So let me

give you the details here. Venture capital institutional money flow are flowing back into the digital asset companies at the start of twenty twenty six, with industry data showing one point four billion dollars committed across venture rounds and public

market listings. The largest transactions included Visa Link stable coin issue of Rain, which reached a one point nine billion dollar valuation after raising two hundred and fifty million dollars and crypto custodian Bitgoes two hundred million dollar plus IPO and the New York Stock Exchange in January. So these are good signs right that we are seeing investments still happening, and with all of the adoption news we've been seeing of last year, even the early into this year would

tradify and much more. I don't think anybody's dismayed by the market volatility, because look, gold and silver are crashing, the stock market's not looking at great, so we're going to have these volatile moments, and if you have the macro view, it's going to work out well for you, right. But if you panic and you're emotional and you're buying into pumps and then you're selling into weakness and blood

on the street, then you're doing it wrong. You want to be doing the opposite, right, buying the blood industry and selling the pumps and the euphorias. So again, I think this is a very positive sign that big institutions continue to have the long term view and investing in the crypto companies and tokens folks. This episode is brought to you by v Chain, which is one of the

top layer one enterprise blockchains out there. They're getting adoption from many big brands and companies around the world who are building Web three technologies. I'm a vet token holder have been since twenty eighteen. I'm very bullish on this project. And Dana White and the UFC are partnered with v chain and they're doing some cool things. Last year of Dana White said he purchased a million dollars in VET tokens.

And some of the key features of the v chain blockchain includes it is scalable, secure, fast, compliant, and purpose led and they're doing some really cool things and the VET token you can actually stake that via stargate and v chain working with Boston Consultant Group, PwC, Walmart, China, BMW, and many other big brands in companies. So if you'd like to learn more about v chanine, go to vchain dot org. Link will be in the description. Now, guys,

we got some interesting reports coming out here that a UA shake secretly acquired forty nine percent of Trump's World Liberty financial days before the inauguration. Man, you know, I've been saying overall, Donald Trump has been a net positive for crypto because you know, he has changed the environment, pushed with legislation much more. But I wish he would have held off on doing all these things because it's

just a horrible look. I've said, and many times the optics are bad and we're trying to get legislation done. You could imagine the likes of Elizabeth Warren and other Democrats are going to push back on this. Whether it ultimately stops the Clarity from passing, I don't know, but it really adds fuel to the fire for people to

be anti crypto because of Trump. Right, we know how politics works, and it gives Elizabeth Warren and these people who are trying to kill crypto to or hand it over, handover control to the banks to really come after for us, and this really sucks. I think it's like we take steps forward, but we take steps backwards when Trump does something with crypto like this. And you know, I've been on record I'm not a fan of the meme coin.

That's not a political statement whatever it is. I'm an independent, and whether it be Democrat or Republican, whoever is doing it, I don't believe they should. Right, it would have been awesome if Trump just came into office, didn't do any launch any crypto businesses, a coin and all these things, and just started getting things going, and then once things are pass he launches his business, right or his kids.

But it's like they got so greedy, must launch trump Coin, must launch, this ETF must launch, We're Liberty Financial, must do an air drop on truth. So all these things, it's like, come on, man, like chill out right. Malania Coin, Barren Coin, all that stuff just I think hurt the market a lot, grabbed a lot of liquidity away from

other all coins. So again, overall, though, you know, you know, it's obviously really really tough, and many crypto companies are feeling the pain on the Gary Ginster and Elizabeth Warren, but now you have another kind of pain. But overall, I think net positive. But I wish stuff like this was not going on because it really really hurts the reputation in the crypto industry. So let me give you

some details. An Abu Dhabi investment vehicle backed by the UAE National Advisor or security advisor Sheik Ta Noun bin Zayed al Nahyan Oh my God, purchase a forty nine percent stake in World Liberty Financial for five hundred million dollars. According to the Wall Street Journal, The deal was signed four days before Trump's January twenty twenty five inauguration and

never publicly disclosed. Half was paid up front, with one hundred and eighty seven million dollars going to the Trump family entities and at least thirty one million dollars to entities tied to the Middle East. Envoy Steve Whitcoss family. Eric Trump signed the agreement, among others. So Tannune has pushed the US for access to powerful AI chips. The Trump administration has played to sell five hundred thousand powerful chips to the UAE annually, according to the Noon's company

G forty two. So this comes across as a massive bribe, right, I'm gonna buy some of your world liberty financial tokens. Just give me access, man. This. I hope things like this do not block the Clarity Act from going through. And I don't care if you're a Republican, Democrat or independent like me. I mean, we got to call stuff out like this. It's not good man, that bad, bad optics and all these things. But we shall see what happens.

And there's even a report, you know, Elizabeth Warren, he's ready to take this details and what's happening here and use it against Crypto And you know, let's see if she's able to rally people behind her to block the bill. I hope not, but you know, it might be easy for her to say, See, I told you guys, see right since the beginning and right before the inauguration, Oh, this is just bad. All right? Moving ahead, Hong Kong

is positioning itself as crypto's global connectors, says lawmaker Johnny Nng. So we've been talking a lot about it. Hong Kong is controlled by China. I believe China's using Hong Kong as a testing bed. They are building up their cryptos services, ETFs, regulations and much more. And I believe mainland China will eventually open up the ETFs to their citizens because it helps protect them from capital flight where currency leaves the country right and they can put in that ETF rapper.

So keep an eye on Hong Kong. They've also been working on a lot of crypto legislation rules and much more so. I think a lot of people are coming out of recognizing what's happening. And on the topic of China, Chinese President Xi Jinping calls for the yuan to become a global reserve currency. So China is watching what's happening here in the United States. They're watching the dollar get weak, and now they're saying, hey, back our currency as the

world reserve currency. We know there's been a lot of geopolitical talks and you know, kind of Cold War type tactics happening with these big superpowers and people trying to bypass the dollar. And if you're wondering why gold has been going crazy, it is because the central banks China and so forth, they've been buying. So I think China is what they're trying to do is get as much gold as possible, back their currency with that gold, and you know, present it to other people. I'm not saying

it's going to work. I'm just telling you what's happening. And of course they have the digital you want, so they have the digital version, and you know, there's talks of them trying to push that into different economies, like in certain countries in Africa where they're doing development. And it wouldn't surprise me if they're going to go out and say, hey, look, our currency is backed by gold. We're back on some sort of gold standard here. Use

it right, But again that doesn't mean people will. But I'm just letting you guys know what's happening now. Cody Carbone, who is the sea of the Digital Chamber. I've had him on in the pod many times. He said in response to this news that the Genius Act was critical because of this right here, us the backstable coins when ensured,

Adulla remains the world of reserve currency. So I think he's right that the fact that we have the Genius Act and Big Bangs and many others can launch stable coins is a good thing to help maintain the US dollar. But China and their partners and other global leaders are watching all these things. And if China's going to go out and say, hey, we have a digital U want backed by gold and all that jazz, you use this versus the US eller Again, I'm not saying I want that.

I'm not saying that is going to happen. I'm just saying this is what's happening, you know, and we'll see how it all plays out. All right, folks, that's the news. Let me know what you think. Leave your thoughts and comments below, hit the thumbs up button. Subscribe if you haven't as yet, be sure to support the podcast by subscribing to my free email news. It is one hundred percent free to link. Will be in a description. Check

out my book on Amazon grab a copy. It's available in paperback, in digital, and my course at mycrypto course dot com. This is a comprehensive course that teaches you everything you need to know about crypto and blockchain. Folks, thank you so much for tuning in. I appreciate you all, and I'll talk to you all later