Bitcoin FAKE OUT? (Ethereum Founder Issues WARNING)

SPEAKER_1 (0:00)

And we're devastated by the amount of printing, the amount of economic shenanigans that takes place under these pretenses. And we might be setting up for the same thing. So I'm not going to dive into it too deep. It's more of a basement subject matter, but there is chaos as a potential. We also have very bullish things going on in terms of crypto that was released. And this is how I know how much fun that we're in for in the altcoin sector. CFTC has opened rulemaking, pushing for retail crypto trades and dedicated crypto exchanges. It's a 60-day public comment window and aims to stop fraud before it happens. CFTC setting up their own crypto clarity right now.

I almost feel like shlonging Bitcoin because it feels like we're in that juicy uptrend. I'm getting some very interesting readings from the DC Data Hub this morning.

Main takeaways overnight. Stablecoin rotation is a real story. Binance Bitcoin outflows out of the exchange at their highest since mid-2023, paired with whales depositing stablecoins rather than cashing out. Points to on-chain dry powder and accumulation and not capitulation. We also have ETF demand not covering the bid. A different tale on the ETF side. We had a slight outflow yesterday. Nothing too big, but about $90 million left these Bitcoin ETFs overnight. Back to the data hub. FinCEN dropping the wallet and mixing rules. Seen as structurally positive for allowing the expansion of self-custody. On-chain volume is already printing $301 million. Rated bullish. We're seeing a bullish set of information come out of FinCEN and the Treasury. Tokenized real world assets are pulling in serious capital today and the expansion of this tokenized real world RWA sector is expanding at a breakneck speed along with Bitcoin dominance still holding at 59.2%.

No meaningful move into the altcoin sector has happened yet. There is still much room to the upside. So, we're going to talk about all this. I got a lot on my mind here. First, we got to cover the Bitcoin chart. Get a good feel for things right now.

I'm feeling frisky. I'm feeling frisky. I think I got some hedged shorts on Blofin's side in the altcoin sector. What do we got here? So, I got a short on Arbitrum going on right now.

Looks like the entry price is around 20.318 cents. It's sitting literally right there right now. It's still at 20 cents, just as a quick hedge on Blofin. I might be clipping. I feel like I'm going to clip along on Bitcoin, though, kind of hedge this, because what I've seen over the past few days here is just a very, very solid bounce off this trend line. I mean, there is, you're really counting from the guts of these candles, consistent bounce, and it feels like Bitcoin is going to try to break through this again. That's just what it feels like in my bones. The liquidity side has another story. So the liquidity grab here at $87,000 has popped up, lots of shorts popping their heads out of the ground. And, you know, looking at this on the hourly time frame, I could see lower highs, you know, kind of start to develop on these stochastic and regular RSI metrics, but this is kind of like the easy trade. This is it's it's it's almost too easy to feel short right now. So I got to shlong this. I got to shlong it. We'll see how it goes. Let me know what you guys if you're long or short right now. I look sophisticated today. Yes, I look sophisticated. I have heightened the level of sophistication in my life. And maybe I've also heightened my chair a little bit. Let me just a little bit right there.

I had, yeah, Drew just can't see. Okay, you know what? I'd said no one's here to stop me from banning people today. Okay, Tilt is a boy. Arbitrum, bye bye. I said, oh boy. I was like, oh God. Yeah, Arbitrum is very, very interesting. I feel like I should probably map out Arbitrum. The bounce that it had off of that integration was very, very good. Looks like Mia Khalifa. God, okay. The whole chat is getting banned. Hold on. The whole chat is getting-

SPEAKER_2 (4:22)

You are banned!

SPEAKER_1 (4:24)

Get out of here!

Sack nasty. Unbelievable. Good to see you. Now, back to the Bitcoin chart. God.

Yeah, I mean, I feel like I got to shlong this. I got to shlong, and I'm shorting on some of the over-extended alts, putting in a taste tester long here on 2bit. Also, I'm going to be getting a new jumpsuit from 2bit, so I'm pretty excited about that. Now, moving forward, we have very bullish activity happening at open on the S&P 500 S&P 500 went into new all-time highs, official new all-time highs at 78.34. And, you know, this is something we see. It's almost like a, you know, you get the liquidity grab and then a bounce up and out of the range. The S&P is probably mirroring a future design for this range here on Bitcoin.