Blackrock Manipulating Bitcoin (Lawsuit Filed)

**Drew** (0:00)
And we are live, welcome to a beautiful Friday morning here in the United States and across the world, wherever you are, I hope you're doing well. We have a major, major drawdown. And Bitcoin is selling off right now for a key reason, something that's actually happening today. And I will get into exactly what the mass exodus on Bitcoin is being caused by. We also have some interesting movements happening in the Blackrock iBit Bitcoin ETF. That should tell you everything you need to know. And a major, major lawsuit has just been announced against one of Crypto's longest standing exchanges. So welcome to Thunderdome. I'm feeling good. My name is Drew and I will be your captain on this voyage down into the depths where we find out where Bitcoin support level actually is. We're sitting around $63,700 as of the time of this recording. Very, very spectacular morning. John, I know TJ was in and out of shorts this morning. And thank God I had a little bit of a scalp long that I closed before I went to sleep last night, essentially looking for Bitcoin to make a move. And you know what? I called this damn resistance. I called this in the school on Monday. This is the downward resistance that has been on Bitcoin for quite some time over the past week and a half. And essentially just looking for a scalp long. Killed it right before we hit this trend line, went to sleep, slept like a baby and woke up. And boy, howdy of the Blackrock Insiders chosen violence on the charts. But there's a lot to cover on today's episode. Good morning, everybody. Happy Friday, Mike.
What have we got? Chris Braun, Crypto Steve-O, Crypto Steve-O. Good to see you, buddy. The riser, VZ Fat Cat, all the peeps, all the peeps. Now, let's get into the news. But really, what's driving the news is gonna be kind of felt on these charts here. Let's go to CoinMarketCap, check out how we're looking on the larger crypto market at the time being. So, as I said, 63.7 on Bitcoin. Ethereum now getting further away from that 1,900 mark, proven as a point of local resistance. BNB, $558. Coming near that $500 level that I keep highlighting on this show. XRP, still above $1, but it's getting dangerously close. We're going to see some crime committed here at the $1 level if XRP keeps sliding. And who's winning? Who's winning? You know what? Let's look at the top gainers and winners for the day. Adaria, this thing, the BEAT token, has still been running. Probably going to end up being something similar to DEXE. MemeCore running after a 57% drawdown on the month, and Monero still holding in the mid $300 mark. That's a good sign. Tron looking steady, Freddie. You know, Tron likes to pump all the rest of the market dumps. Interesting token indeed. It is Aster making a comeback, but only up by 1% on the month. So really just trying to make up for lost ground there. Let's take a look at the losers. iCoin. I totally forgot I have iCoin. It's dying though. It is dying. Down 30%, 35% on the month here. Gito. I like Gito.
And Gito is actually something that I investigated in within our... So here's what I've been doing. For the last maybe few months, I've been putting together a massive amount of educational resources that are about to go live within our school. And Solon's ecosystem, obviously an easy place to pick apart what value capture actually looks like, tokenomics, things of that week. And Gito actually looking pretty good.
Now, World Liberty Financial, a lot of volatility with the Clarity Act making its way into World Liberty Financial. And I have no interest in really touching this token just from the political nature of it. But Sky token, I do enjoy. I do like the metrics I'm seeing in Sky. Lighter with a nice pullback as well. So nothing too crazy really for alts. I think really the crazier feeling right now for everyone is on Bitcoin in this massive, massive, massive drawdown. Let's find out why. Let's take a look. Bitcoin ETF outflows. Snap a seven-day inflow streak. Bitcoin Exchange traded funds, broke their seven-day inflow streak overnight, recording a $225 million outflow on Thursday. Blackrock's iBit accounted for the majority of those outflows with $202 million worth of Bitcoin leaving that ETF setup. Now, just a grander look at this and what the metrics actually look like on SoSoValue. You can see, and I called this, I called it, we had had too much fun, there was too much green for a bear market, and turbulence was likely ahead. I said this literally verbatim in the school, and here we are, turbulence heading into the weekend. I didn't figure of more Trump crash outs, just looking at the overall data. And there we have it, a $225 million outflow. As you can see, the weakening pressure, and really this outflow that we're measuring from yesterday matches is even almost larger than the biggest inflow that we had over the past week. So we are going into a tumultuous weekend, geopolitically. I will say that. And when I see the way that Bitcoin is handling all of the uncertainty of the markets, I am a little proud of my boy. I'm proud of my boy, Bitcoin, because there's a lot of people that we're expecting a deep, deep, guttural fall into the low 50s, maybe even lower already from the war with Iran not being settled. It's getting hotter and heavier over there in the Middle East sector. So I definitely, as my favorite saying goes, we are not out of the woodwork yet. We are not out of the woodwork yet. Now, there's a reason why I think we're seeing a lot of these Blackrock ETF outflows. Blackrock just started liquidating all crypto ahead of Trump's emergency announcement today. They dumped $200 million of Bitcoin in five minutes. Jesus, Murphy, Marion, Joseph. And nonstop selling even more right now. This is all this morning, and it's highlighting the likelihood of an emergency announcement. Now, this is labeled as an emergency announcement, but it's not. And here's kind of the TLDR on what is supposed to happen. What is supposed to be talked about at the Trump announcement or meeting today at around 3 o'clock. He's going to be going over the nuclear energy infrastructure expansion plans for the United States. And let's see what exact time. Yeah, so 3 o'clock. It looks like it's happening at. This is the roll call calendar here. Presidents planning to make an announcement on American nuclear innovation. Now, as we all know, Trump likes to go off the rails. He likes to go off the rails, and he's likely going to be talking about nuclear energy, and then make a quick slip turn down into talking about nuclear war with Iran. That's just my guess. And the markets are going to be a little bit concerned, right? This is when your grandpa gets drunk at the end of his kind of glory days, and he doesn't have any F's left to give. So the markets are going to be responding pretty aggressively to this. I'm getting all kinds of messages. Now, I am, you know, I am still staying away from the Wall Street trading hours for a reason, but I don't think that, you know, the manipulation of... Here's what I actually think is happening. So I don't think the manipulation of this 10 a.m. slam is going to stop until you have clarity for crypto here in the United States. I don't feel that way. I do think we'll have the Clarity Act come to play and actually get passed in 2027