2081: $679M Bitcoin Treasury Buy - $1M BTC Forecast, Trump & Max Clash on Dollar

**Justin Verrengia** (0:00)
Welcome, fam, to the number one daily Bitcoin pod, Bitcoins Correcting. In today's show, I'll be sharing the latest technical analysis. Also, BlackRock quietly accumulated 3% of the entire Bitcoin supply, over 700,000 Bitcoin. What exactly does that mean? We'll be discussing it, as well as the top five cities where you can now pay for your rent entirely in BTC. Also, NASDAQ's David Bailey's KindlyMD kicks off their Bitcoin treasury with a massive $679 million buy. If you're not familiar with David Bailey, he's the CEO of Bitcoin Magazine, and he is Trump's Bitcoin advisor. Remember last week we discussed he was going to be launching his treasury firm with a billion dollar purchase? Well, he got the ball rolling with $679 million. I'll be breaking it down for you. Also, crypto in the US 401k retirement plans may drive the Bitcoin price to $200,000 this year, single-handedly. That's right. Also, President Trump said Bitcoin takes a lot of pressure off the dollar. It is much more important than anything we have invested in. I got to agree with that, but Max reiterates it obliterates the dollar, but it's important that you don't understand this yet. Trump will also be discussing the six reasons why Bitcoin will hit a million dollars by this particular time frame, according to the experts. We'll also be taking a look at the overall crypto market. All this plus so much more in today's show.
If you are new to the rumble, very important, smash the likes, give us a follow, and hit the repost over on X at BTC News Alerts. We stream here each and every day. Today is pod episode number 2081 I'm your host, JV, alongside the Fed chair, Nipponator, the one and only, keeping it Nipponatin. And if you don't know, now you know. So yeah, today is August 19th, 2025 The entire market is correcting. So let's break this baby down. So what we're going to do is kick it off with our market watch as we do each and every day. Be right here on Coin 360, the bulk of the entire market in the red. Bitcoin corrected all the way down to 113,2 at the time of the live stream, down about 3% on the day. The all time high was just shy of around 125 So there's about a $12,000 correction from the current top. Also, Ethereum, big loser on the day. It looks like it's about to re-test $4,000.
We'll soon see how it plays out. We also have XRP in the red today, down 6%. Cardano down virtually 8%, so mass corrections across the board. Next up, let's pull up CoinMarketCap, as you can see on your screen. Let me get a refresh for the latest data, make sure it's accurate. At the time of the live stream, we're currently sitting at a 3.8 trillion market cap, down 3.5% on the day. We have 187 billion worth of volume for the past 24 hours, and the Bitcoin dominance today is coming in at 59.2%, with the Ether dominance at 13.1%. The Bitcoin market cap today is $2.253 trillion. And checking out top 100 crypto gainers past 24 hours, we got Mantle leading the pack up 6%, followed by very modest gains, only a handful as the bulk of the market is correcting and in the red. And checking out the infamous crypto bubbles, you can see a visual perspective on the day, it's REC City across the board, virtually everything in the red, like 99% of the market. And zoom it out for the weekly, get a broader perspective, very similar. It's like 97% of the market, REC City. Zoom it out for the monthly, it's maybe now 90, 10, red over green, and zoom it out for the year. That's where we get the bulk in the green, I'd say maybe 75% green, 25% in the red. And checking out the infamous Crypto Greed and Fear Index. Today it's a 60 foe, yesterday 56, last week a 69, and last month a 73 in greed. And checking out the infamous time chain calendar. Today is block height, 910,760 foe. And we have 139,236 blocks into the halving of 2028 And as of today, August 19th, 2025, you can exchange one fiat monopoly dollar for 884 Sats. So you know precisely what to do. You pick up the Sats, put down the Gats, and pick up some Bitcoin caps. I don't need balls to buy the bitty. 93% of all current Bitcoin hodlers are in profit, whole fast pirates. Headline reads, Bitcoin sell pressure, palpable, as Bitcoin bid support stacks at 105 Wanted dead or alive, 105 But yeah, check this out, bro. Bitcoin fell to near two week lows today, Taco Tuesday at the Wall Street Open as US selling pressure surged. Big ass red candle there on the hourly chart, and I'll pull up the live charts when we're done here. Trading views show Bitcoin dropping beneath 114 Bitcoin in the alts fell with the US stocks, with the NASDAQ Compact Composite Index down 1.2 percent. Long positions at the biddy, subject to an ongoing squeeze, added another 116 million to their liquidation tally in an hour. Data from CoinGlass also showed bids lining up at around 112 Already a point of interest for market participants. Yes, and also the 107-110 range is coming into focus, according to trader Keith Allen. This is not a sign of strength for Bitcoin. The downwards pressure is palpable. But the bulls are trying to find their footing. Well, there's one quote that comes to mind. You mess with the bulls, you get the motherfucking horns. Tell them, Nipponator. And he also flagged the 100-day Simple Moving Average at just shy of 111, which is not too far from where we're at, as a potential support barrier. So we'll see if that holds up with the 50-day counterpart at just shy of 116, which is important to reclaim. And on the exchange order books, they also identified the 25-million-dollar band of liquidity currently sitting at 105, plunge protection against the deeper market round. This bid liquidity does not look like it aims to get filled. It was placed to herd the liquidity upwards, and if it fails to accomplish that, the price reverts. I expect it to get rugged or move before it gets filled. I guess we shall soon see. In the latest edition of the market, Pulse Updates, on-chain analytics firm Glassnode highlighted the growing divergence between institutional demand and the price action. Investment vehicles, notably the US-bought Bitcoin ETFs, were seeing inflows despite the weakening on-chain signals, such as volume. Quoting them here, with profit taken on the rise, the sustainability of institutional flows and renewed buyer conviction in both spot and futures will determine whether this contraction stabilizes into fresh upwards momentum or extends into deeper consolidation. The ETFs recorded a net outflow of 121 mil on Monday, as per the UK investment firm Farsight Data. The largest ETF offering, clearly BlackRock's iBit, saw the first outflows since August 5th. And they now have a large chunk of the Bitcoin supply, well over 700,000 of the BTC, in which we will be discussing that later, the BlackRock takeover and what it means. But next up, let's share some trading view. We'll do some live chart action. Jackson Satisfaction, Bo Jackson, Tony Braxton, with a little Dion Sanders, Emmett Smith, Jerry Rice and Joe Montana. Those are the NFL players I remember when I was a kid and actually watched it. Sorry, I've been out of the loop ever since. Now the only thing I care about is Nipponator and making sure the Nipponator indicator is 100% accurate as it's always been. But I digress. As we can see here in the one minute chart brought to you via TradingBee via Coinbase, you can see big green target at least, but this is a one minute, so we actually need to zoom the fuck out. I guess we're way too zoomed in here, but it is a little bullish there. You can see a lot of candles being printed, but I like to start with the one hour and then we'll work our way back. One hour chart, we bottomed out. It looks like at around the 112 to 113 level, just shy of 113, and maybe that's the bottom as we got a nice little candle in the past hour, but there's no telling what a constipated Janet Yellen.