WHALES DUMP BITCOIN & ALTCOINS CAUSING CRYPTO CORRECTION!

it is bloody out there. Bitcoin back below one hundred and fourteen thousand dollars. We got a lot of whales manipulating the market, and over the past month or so, we've seen both longs and shorts getting liquidated. So usually you don't see that much bunge together, but clearly whales are trying to squeeze as much liquidity out of this market. It could be there trying to reset the sentiment to a fear zone, if you want to call it that, before we see our next rally. But it is what

it is. Well, let me give you some details here, So Bitcoin feeling the brunt of it here, Jason Pizzino, analyst, said Bitcoin verse all of Friday's gains from the fed's dubbish interest rates speech. Consolidation continues as expected for August and September. But Ethereum for the most part is still holding up very well. It's currently over forty seven hundred dollars total. Three still you know, consolidating as well. Nothing new here, but it's going to follow Etheroreum for the

most part. But you know, Bitcoin's taking the front of it. So what caused this crash, Well, some folks saw from on chain data that a single whale caused a three hundred and ten million dollar bitcoin flash crash by dumping over twenty four thousand bitcoin. That's pretty crazy if you think about it. The entity still holds one hundred and fifty two thousand, eight hundred and seventy four bitcoin across linked wallets. The funds traced back to HTx deposits from

six years ago. So some whale manipulating the market here. And even on Binance, we're seeing Binance itself is dumping a lot of ethan bitcoin to liquidate longs, and one user says this is peer manipulation. Now I don't know if this is one hundred percent manipulation, but with the whale dumping on the market, and in addition, maybe the sentiment not there, you're seeing everybody kind of liquidating a bit.

You know, I'm not as sophisticated where I know a lot about what happens on the back ends with exchanges. But I'm just using some of the information I've seen out there and I a little bit that I know. So, folks, the TLD are here, just be patient. And this is why we don't use leverage because the house always wins. The exchanges are in on the game, and you are going to get wrecked more often than not. You know, Charlie Munger has said, you know the three ways a

man can go broke is leverage, women, and booze. Right, So the leverage is one of those things. You got to be careful, folks, And if you're not using leverage, you're fine, right. The only thing you got to stomach the volatility. But this is part for the course. This is how you earn your stripes and how you make money. And I've been here since twenty sixteen, so I've seen it all. So this is not surprising to me, but

it happened from time to time. But eventually they're going to wrap up their short term manipulation and pump this thing higher and we're going to see retail flood in. So it's all part for the course, guy, So just be patient and don't panic. This is where you don't look at your portfolio. That's a little trick I learned over the years. Do not look at your portfolio and walk away. Go touch grass, go touch to say. I

don't look at the charts all day, right, folks. Now here's an example that we are still in a bull market.

Many of you may know that Kanye West launched a token on hyper liquid called wyz why so. I mean, guys, you know how I feel about meme coins, but this is degenerate times degenerate, right, Well, of course you have people who invest in it, and it started dumping and it wiped out a ton of people, even Andrew Tate. And I'm no fan of Andrew Tate. He lost seven hundred thousand dollars trying to short Kanye West's wysey why token. So a fool in his money, all right, folks. So

this is what happens when you use leverage. Folks. You want to stay away from leverage, and it's important to just buy spot, you know, buy the blood on the streets, buy the corrections by the markets. I've been on the record saying that for years and you will be fine. Right, just buy and hold for the euphoric blowof top phase where you take profits. And it's a patience game, right. The leverage guys may say, oh, but I get the money faster, but they are handling one hundred times more

of the risk right by using leverage. So guys, just be careful. And guys, you know, I'm a big believer in moving your crypto off the exchanges and using self custody. I've been using hardware wallets for years. It's the safest way to custody your crypto and Treasure is a sponsor of this podcast. I'm a user of the Treasure Say five wallet and Treasure they were the first to create hardware wallets. They started doing this in twenty thirteen. They

created the seed phrase setup and much more. And they support a variety of tokens, all the big tokens, big onoin etheroreum XRPS, Sowana, even new tokens. And they have a great software called Treasu Suite where it's easy to manage all of these tokens and all the cool features. And they also have a great handholding service where you can talk to a Treasure rep to set up your device. Don't worry, they don't ask you for your private keys

that that is not something you have to share. But they'll help you to navigate the device and how to set it up. So that's a great service. Not many companies offering the industry. So I'm a big believer in Treasure Once going to use the device and if you use my code thinking crypto all one word, thinking crypto, you can get five percent off your purchase. So check out Treasure link would be in the description. All right,

moving ahead, Japan I is a twenty percent flat tax for crypto trades packed to ETF offering with tax code revision, there's a lot happening in Japan. Just this week we heard they were launching their stable coin on Ethereum, Polygon and Avalanche. Ripple and SBI said they were expanding our LUSD in Japan and much more so. The Japan's Financial Services Agency plans to request a review of how the country's tax code treats crypto, aiming to tax gained similarly

to stocks and eyeing future crypto ETF offerings. According to a report from local outlet Nike, The agency is also expected to approve the country's first domestically regulated yen peg stable coin in the fall, as Japan looks to spur crypto adoption. So, folks, we've often talked about crypto is a global acid class, and look at what we're seeing globally mass adoption. The governments are on board. They're not banning this, they're not outlawing it, they're regulating it. They're

saying you can participate, both retail and institutions. They're building and approving these financial products like ETFs and much more, creating more on ramps. And you know they're going to tax it, right, the tax man. You got to pay the taxman. There's no way to avoid it, right. So this is great to see, very bullish, and we're going to see more and more countries do this. Guys, game theory will play out. If you don't know what game

theory is, you can go read it up. It's a theory where it outlines whether it's countries, companies, or people, we all want to compete and be the best, and we don't want to be left behind. So sometimes it takes one mover to make a move in a certain region or area, and then others follow suit. Right, So this is why it's important to understand these concepts as they play out in different aspects in crypto. So very bullish news. Now I mentioned crypto's global here's another example. KPMG,

that's a big name, one of the top four audit companies, says investor interest in digital assets will drive strong second half for Canadian FinTechs. So, Canadian fintech companies raise one point six two billion dollars in the first half of twenty twenty five with significant investments in digital assets and AI startups. Despite a global slowdown, Canadian investors continue to support fintech ventures, particularly those focus on blockchain and AI

driven financial tools. The report indicates a strong second half of twenty twenty five for fintech investments, driven by US regulatory support and the adoption of AI solutions. So we're seeing capital being raised and invested into crypto companies in addition to other texts you know, like AI and much more.

But crypto is part of the basket, right. So we've often talked about we are in the fourth Industrial Revolution where you are seeing the rise and convergence of many different technologies and they all support each other, right, So blockchain, AI, EV, space exploration, robotics. I just did an interview with a robot company that's building the Android software for robots, and they're using Ethereum, where the robots constitution is in any theomist smart contryt it is downloaded by the robots to

abide by the rules and laws. This is the future, whether we like it or not. So let's take advantage of it and try to make as much money, right, folks. So it's great to see globally cryptos getting adoption. A lot of money is being invested and much more. All right, moving ahead, we're Liberty Perpetuals. Debut implies forty billion dollars

FDV head of first unlocked on September first, So we're Liberty Financials. Of course connected to President Trump and his kids, and they have a token and they've been doing a lot, buying a lot of crypto, setting up a lot of DeFi aspects and solutions. So we're Liberty Financial. The DeFi project, closely associated with the Trump family, said it would start unlocking its tokens for trading on September first. Twenty percent of the tokens purchased by early investors in the what

is it? One CeNSE here and five cents rounds will be unlocked following a lock box process. Perpetual Futures trading for the WLFI token launch Saturday on major exchanges, currently trading around forty two cents, a significant increase over the prices paid by early investors. At that price, the Trump family stake in the project would be worth over nine billion dollars. Now. I know some people are going to

be very upset about it. You know, the Trump and his family are involved, but there's nothing we can do about that. And I've said, look, I don't care if his kids are involved as long as he's not involved because he's the president. He needs to focus on running the country. And the only thing I didn't like was the meme coin. I don't think any president or political figure should have that. But if his kids want to participate, it is what it is. We live in the free market,

and it is what it is there now. Final news

item newcomer launch pad Haven or Heaven nears three hundred and fifty million dollars in volume as team pledges one year token lock up. So Heaven, a Salona based token. Launch Pad, has processed nearly three hundred and fifty million dollars in volume since it's launch on August fifteenth. Heaven's team announced Saturday that it will reinvest its allocated light tokens so Light to adhere to a one year cliff. One hundred percent of the protocols revenues are used for

programmatic token buybacks, so this is interesting. Launch pads are great because they allow people to create unique tokens. You know, you got pumped out fun on Solana. One may argue that's not really a great launch pad because you can create meme coins. But again I may not like it, but I believe in the free market, and there should be some level of regulation to make sure people are not getting rugged their scam. But at the same time, I think they should be able to launch it and

create it. Right. Well, you got these new launch pads that are coming up, and we'll see what it will allow people to do, which tokens they can launch. Because if you can launch things that are not maybe meme coins, but more utility tokens, maybe like for example, small businesses can launch tokens for their businesses that has utility built into it, that'd be really great and they can do it very cost effectively. It doesn't cost an arm and a leg and it's easy to use. That would be great, right,

just as an example smaller medium sized businesses. So these things really can open the door to mass adoption of crypto and people coming on chain. So this is really great, and this is a project I'll be looking into. If I do this side to take an investment in it,

I'll let you guys know. I always let you guys know which new coins I add to my portfolio, and those of you who are channel members, you have a direct link to my portfolio in a spreadsheet to see what's what's in there, So you know, I've said that I will be liquidating majority of my all coins in this bull market, and I'm keeping some bitcoins, some people I'm selling, but some I'm keeping long term, and then when the bear market comes, I'll be backing up the

truck taking some of my profits to reinvest and get ready for the next bull market cycle. So that's my strategy. You don't have to copy, you don't have to follow it, but I hope you understand why I'm doing what I'm doing and using the market momentum and cyclical patterns to make as much money as possible. I've been through bull and bear markets where I've watched my portfolio drop down, and it's pretty painful. So you want to make sure

you're taking some profits. Sort of you walk away, you know, from the bull market with money in your pocket, because it's pretty painful to not have taken profits and then watch yourfolio drop. Now, if you're like a very rich person or you're you're good, comfortable financially and you're like, you know, I don't care, I'm holding for the next five ten years, whatever I'm you know I've gotten money. Then you know, that's that's you. That's everybody's financial situation

is different. So always do what's best for you, you know, do your researcher, of course, but understand the cyclical pattern of markets. And uh, this happens in the stock market as well. So if you are looking to get financial freedom, eliminate debt, maybe go buy a house, whatever you need to do. When we are in bull market and things are going well and there's a lot of liquidity, right because come to bear market, it is it is pretty rough, all right, folks, that's the news. Let me know what

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