¶ Intro
Hey, everybody, Welcome into the Thinking Crypto Podcasts. You're home for cryptocurrency news and interviews. I'm your host, Tony Edward. On your way in. Please hit that subscribe button as well as the thumbs up button and leave a comment below. If you're listening on to podcast platforms such as Spotify or Apple, please leave a five star rating and review. Folks. Let's kick it off by looking at Bitcoin, currently trading
¶ Bitcoin & Altcoin price analysis
at one hundred and seventeen thousand, seven hundred and two dollars. So obviously, over the past couple of days we saw Bitcoin breakouts to new highs. Today it crossed over one hundred and eighteen thousand dollars. So everything is looking bullish here. But as I've been saying, expect volatility, and we could see Bitcoin and somebody all coins pull back and retest support levels. This is normal, this is healthy, nothing to
panic about. So I want to make sure many of you are prepping your mindset around this because you will see sharp corrections. This is normal and par for the course, especially when you have very strong moves like we saw it bitcoin. So if you look at Bitcoin on the weekly chart the higher timeframe, we see that it's RSI, the Relative Strength Index still has room to go before it hits that overbought zone, and the MACD is still
in green. And these are the metrics and signals we've been monitoring for months showing that the bullmarket was still intact. So this is a very good sign. Here analysts Wrecked Capital shared an updated timeline for the bullmarket using Bitcoin as the measuring stick, and he says here the bullmarket progress is ninety percent completed, so we got ten percent to go. So over the next four to five months, folks, we could see that off top, which would put us
around the November in Q four. So just be prepared. And as I've been saying, if you plan to take profits, make sure you have a plan. Don't just watch the price go up. You need to know what price points you're taking the distributions at. So make sure you got that plan. Now. I know many of you are big time all coin holders. You want to know when is
my all coin going to move? So the first phase is Bitcoin doing that massive strong move starts waking up the market right, pulling some all coins, and then the liquidity will start flowing throughout the large cap, small caps and medium caps as well, and here if we look at the total market cap excluding bitcoin, etherorem and stable coins, you can see we got to move here. That's all the all coins excluding bitcoin, stable coins an e theorem. That's a very good sign, folks, and that's what you
want to see. I know many of you hold different all coins, you know, I have like v chain in my portfolio, h bar and many others, and we're waiting for a lot of these coins to start moving. So this is a very positive sign we're seeing here. And of course, like I said, we're in a bull market. This is the start of the next bull run. It will move in phases itself, and I believe this could be a local top. We see a correction come late August, a kind of a bottoming out in September, then the
next run October into November, blow off top. That's honestly what I'm personally anticipating. Now. We have to monitor it closely to see if anything deviates right, if anything comes up that changes the timeline, for example, the tariff uncertainty crash push back the timeline for markets. Usually markets start rallying April into May and then sell and May go away, and then June and so forth we start seeing corrections
instead of summer. That timeline has clearly been shifted, where now we're seeing the rally in July, and we'll take it into August early August, and then we'll have a correction as mentioned. So I hope you understand where we're at and where we're going. Now, as I mentioned, you can expect some retests and pullbacks. And here the blockchain backer put together a charge showing potential ABC corrections from
this move. But it doesn't mean it's over. It's just retesting support levels and then you see another massive breakout. So please have in the back of your mind if next week Bitcoin all of a sudden goes back to test one hundred and twelve K or one hundred and thirteen whatever it is, right, and then everybody says, oh my god, that's it. No, it will be just a healthy retest, and of course the all coins may follow. Now, the other confirmation we have of this bull rally starting
his Bitcoin dominance is breaking down. This is clear on the charts. You can see here the dominance has fallen from around sixty six point four percent to now sixty four point four to seven percent. So that's a positive sign for the markets or the crypto market. In addition, you got USDT tether dominance breaking down as well. It is currently at four point three eight. I expected to go below four, and a lot of this liquidity will
help pump the market to higher highs. So we will continue to monitor these different metrics and signals to help us have an idea where things are going. But as I mentioned, all coins are waking up, and you just look at the XRP chart currently at two dollars and eighty cents. I think today it touch two dollars and ninety cents if I'm not mistaken. So that's a beautiful chart, man, And I'm anticipating higher highs. I will be taking profits
on XRP starting at five bucks. I'm not cashing out everything. I'm gonna be laddering out, as I've stated many times over the past couple of years, as the bull market started, and I'm hoping we can get to eight, possibly nine to ten. That's not a guarantee. I'm not saying it's definitely gonna happen. I'm saying it's a probability. But you know, we don't know where the market's going to top out, so I'll start taking at five, I'll take at six, seven, eight,
and start cashing out in phases. I hope you understand what I'm saying here, because no one can call the exact top now etherorem. A very good sign for the entire all coin market cap is that Etherorem is also on the move, currently just below three thousand dollars, and you can see here a nice green candle. It is back above the two hundred day moving average as well. So all great signs. And if you caught my newsletter today, and if you're not subscribe, please make sure you subscribe.
It's one hundred percent free. I shared some updated charts, especially the Elliott wave analysis for the total market cap, and you can see here we are still on the rise. We still got ways to go. The macro fifth wave has not been completed yet, but you can see it will be completed as we head later into the year. In addition, the four point two three six extension on the Fibonacci model for the total market cap has not
been completed as well. Now a four point two three six extension takes us to about a ten trillion dollar market cap. I don't think that's outlandish or far fetch. I think that's possible. Now is it guaranteed? Of course not, you know, maybe a top side of about nine or even eight. We'll just have to wait and see how it plays out. But based on these different charts and signals,
you could potentially see that. Right. So this is where we want to form our thesis and watch it closely so we know where things are headed and we can now prepare accordingly. Now, folks, quick word from our sponsor, and that is v chain. V chain is one of the top layer one enterprise blockchains out there. I'm very bullish on v chain. I'm a VET token holder. I have been since twenty eighteen. They are working with many different brands and companies around the world. These companies and
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was his first purchase of crypto. So vchain doing incredible stuff. And like I said, I'm a token holder, have been for many years before they even became a sponsor, So I'm very bullish on his project. So if you'd like to learn more about vchain, go to vchain dot org. Link will be in the description. Now, folks, we've been tracking bitcoin spot ETF inflows, especially black Rocks, because we've
¶ Bitcoin ETF Inflows surge
been seeing massive accumulation and incredible growth. And there's an article highlighting some of the growth spot Bitcoin ETFs see one billion dollars of inflows as ibit becomes the fastest fund to hit eighty billion dollars in assets. So we've been seeing black Rocks a bitcoin ETF outpace and breaking records of all ETFs in the history of the ETF market. We're talking all the stock ETFs, the gold ETFs. Bitcoin is breaking that and specifically ibit Blackrocks version. So what
do you think is happening here, folks? It's incredible and of course we know bitcoin is hard gap there's only going to be twenty one billion many bitcoins have been lost, there's still more to be mine. So when you have this amount of buying, you have incredible supplying demand, economic explaining out here, which is impacting the price. So it's incredible that this has become the fastest traded exchange traded fund to reach eighty billion dollars and we are seeing
billions entering these bigcoin ETFs. It's not just Black Rocks. There's Fidelity and Franklin, Templeton and Bitwise and many others. So incredible growth. Now here's some news around an ethereum
¶ Ethereum Foundation sells 10K ETH to Sharplink
treasury company, and that is Sharplink. We've been seeing companies doing this with bitcoin. Now they have expanded to Etheroreum, Salon and XRP. So Etheroreum Foundation sells ten thousand ether to Sharplink in first such OTC deal. The company is positioning ETH as its primary treasury reserve assets and said it plans to steak and restinke the acquired ETH, effectively
removing it from circulation. So, for those of you who don't know, OTC means over the counter and that is not placed in the markets like your buying sell order. So that's why it doesn't move the market. So this is essentially for example, if you and I met in person and you said, hey, I'm going to send you ten thousand dollars, give me x amount of bitcoin, and I just send it to your wallet, that transaction is not captured on the open market. It doesn't affect the
buying or selling and so forth. And OTC is how a lot of institutionals buy their coins. That's why sometimes you hear, hey, these guys are buying, and people are like, why didn't move the market, Well, they bought it OTC and sometimes they buy very small increments where you can't
even know what's happening. Michael Saylor said they've done that in the past with micro Strategy buying because he didn't want to move the market, so they bought like very small increments and they'll do one thousand transactions, right, so no one can tell who bought it or what's happening. It just looks like a normal thing. But this is incredible what Sharplink is doing. And that's a lot of
ETH they bought. Man, incredible. It looks like it's a twenty five point seven million dollar OTC deal and this is I think the largest ETH treasury company, and their ticker symbol, because they're a publicly traded company is s BET SBET, and they're going to be staking somebody's eat. So that's incredible stuff. Here's another example. What a Salana
¶ Solana treasury company $200 million
treasury company, so sol Nastak listed firm secures two hundred million dollars in financing with over one hundred and fifty million tied to Salana treasury strategy. So you Pexi, a Tampa based consumer brands company listed on NASDAC, announced Friday it has secured approximately two hundred million dollars in new financing through a combination of equity and convertible new offerings.
A portion of the proceeds will support you Pexi's existing operations, while the rest will be used to grow its cryptocurrency treasury with a special focus on Solana. It's incredible, folks, and my hope is that this doesn't form some sort of bubble. And I'm very curious to see how these
companies handle the bear market once it comes. Because even if the bear market is not as brutal as we've seen in the past, and the crypto market, you know there's going to be a pullback because we've seen markets move in cycles. They follow liquidity, So if liquidity is on its way down like it was after the Q four rally into January, the markets will follow. So these are things to keep in mind. Now, look at this
¶ Tether USDT drops blockchains
Tether to discontinue USDT, which is it's stable coined on five blockchains to refocus resources. So it looks like some blockchains that may not be getting as much adoption, Tether is not supporting USDT on it anymore. And this includes omni layer Kusama, Bitcoin Cash SLP. I don't know what the hell that is. And they also halted on EOS and algorm, so this makes sense. This is normal. I
think you can see Circle do the same thing. That blockchains that are not getting as much adoption and there's not much you know, transactions, people are not using the USD coin on those blockchains, they're gonna you know, shut it off. So that makes sense. So there's nothing crazy here now, folks. Final item here. As many of you know,
¶ Crypto Week
next week will be crypto week where Congress specifically the House will be voting on the stable coin bill and if that passes, it goes straight to President Trump for signatures to be put into law. And you also have the market structure which will be voted on, and the anti CBDC bill when the If those pass, they will go to the Senate. So next week is a very big week. And if you caught my interview with Congressman French Hill, who's the chairman of the House Financial Services Committee,
he broke it all down. So if you haven't seen it, folks, go watch it. It's gonna be a historic week, folks. It's very significant. And man, if stable coin legislation passes and it goes to Trump, I think that could be a catalyst that sends this market bananas because I think mainstream media is going to pick up on it. You may see right away a lot of banks and folks come out and say, Okay, legislation has passed, we're ready to launch our stable coins. You'll have the media frenzy this.
This could certainly be a catalyst. But you know, we'll have to wait and see. But next week will be huge. I will be tuning in. I'll bring you all the details.
If there is any of the hearings that are we're able to live stream, I'll be streaming it because it's gonna be significant, especially around stable coins and As I mentioned, David Sachs had highlighted the updated timeline for the crypto market structure, and as mentioned, the market structure of passed and the House goes to the Senate and they have
a September timeline. So I hope you see how this major catalyst, the market structure, is a much more bigger and influential bill than the stable cooined bill going towards Q late Q three right the start of the next final blow off top see the timing of these things, right, It's very interesting. These are things I'm paying attention to, and that's why I'm sharing with you, and we'll be
watching closely because we're not only looking at charts. We're looking at on chain data, We're looking at the macro, we're looking at what the governments are doing. You got to look at all these factors to get a full lay of the land. You don't want to have tunnel vision for one item. You can't just look at legislation. Oh yeah, I'm gonna move with what Congress is. You can't do that, right. You can't just look at the
on chain data. What are the whales doing? You can't just look at the global liquid You get to look at it all together to get an idea of where things are headed. So, folks, again, check out my interviewer Congressman Friends Shield. It's a great one and it'll give you all the details you need to know about next week. Folks, thank you so much for watching and listening. Be sure to support the podcast by subscribing to my free email newsletter.
It's one hundred percent free. Check out my book on Amazon. It's available in paperback in digital, and check out my course at Mycrypto course dot com. This is a comprehensive course that teaches you everything you need to know about crypto Folks. I appreciate you all and I'll talk to you all later
