MASSIVE Bitcoin ETF EXODUS! (WHY Are They LEAVING?)

Drew (0:00)

Whoa, there we are. Welcome to Discover Crypto. It's been a heck of a morning, folks. Gotta be honest, I'm going through it right now. The markets are red. The markets are red. And the Braves just broke my heart last night. Absolutely ridiculous. Terrible showing at the Braves against the Dodgers. It is what it is, but the more important thing is what's on sale, and some great crypto projects are on sale right now. It's gonna be a lot of online shopping that I'm gonna be doing in public today in the cryptocurrency realm.

And I also have a lot of news to go over with this massive warning that came out yesterday from some cryptographic researchers warning about, are your crypto assets even really safe? We're gonna divulge into all this, and should we be concerned, right? There is a lot of warning shots going across the board here, and I'm joined here by a man who actually used to play ping-pong apparently with the man that took us out, TJ.

TJ (1:03)

We're talking about that. I'm doing good. Happy to be here.

Yeah. Freddie Freeman used to be or a kind of sort of is a loose friend of the family. He used to know his wife back in the day. But yeah, happy to be here. Happy to be alive. Beautiful weather out here in Georgia. By the way, I don't know. I'm just curious. Does anybody have a favorite season? Because I'm thinking fall is pretty darn close to my favorite season. Generally, like all of them, I like to change, but man, it's beautiful sun, perfect weather, leaves changing, football's back. So yeah, feeling, feeling good. Happy to be here. And yeah, we're happy to talk about the doomerism that's out there. I guess I'll be the, we'll get into it. We got a lot to look at, obviously coins up, all that sort of stuff.

Oh, we got, we got some feisties in the chat. Please, Tiny Tim, Mr. Tiny Man, please educate me on what I need to learn. I mean, he obviously came in here to fight, so.

Drew (2:02)

Listen, I mean, he needs, TJ needs to learn how to handle his multiple bull markets of bags that are, you know, basically much larger than, you know, that's the thing about it. It's like, it's incredible to hear about how we need to learn how to do things in crypto. When we've been through this market, like, on our third bear.

TJ (2:23)

Oh, his answer was, what I need to learn is I've never made it. You got me, nailed me. All right, I guess I'll just go back to my job.

Drew (2:34)

Dude, I need that bow bow bow noise now. Let's go look at the crypto market right now, because I'm very, very excited. Essentially, we come back down to a 50 on the fear and greed level, getting a $2.8 trillion market cap flat.

Bitcoin is sitting, it did do a liquidity snatch down to the, I believe, high $81,000 mark early this morning as the early trading hours started up. A lot of liquidity was grabbed by Bitcoin, but it is showing some interesting buoyancy around the bottom end of its channel and the top end of a previous pump to moment and a vibe check that I was talking about having for the last few weeks, even in a bullish environment. So you can see this green line goes across it perfectly, but have now capped back in to this original pump to moment and a secondary pump to moment, which I'm hoping over the course of the next few days, we can prove as support on the four hour. It doesn't look too bad.

The four hour doesn't look too bad right now. The daily is the thing that still got me concerned in terms of money flowing into the downside. So I'm going to see how deep we have to go into this previous pump to moment two times over again. All right.

TJ (3:49)

Have you been messing with your audio again?

Drew (3:53)

No. No?

TJ (3:54)

No. Now it's actually choppy than I can hear. So maybe just jiggle the cord on the bottom of your, yeah, right there.

Drew (4:03)

No, no, I didn't mess with it. I didn't touch anything.

Okay. Okay.

TJ (4:08)

We think sometimes we think it's stream yard a little bit, but because we can't figure out, it goes from choppy to not. But anyway, keep going. Go ahead. Sorry. It's definitely, some people say it sounds good. Some people says it's a little, but I'm getting, I'm on the very choppy section. Maybe everybody refresh. Maybe try that. That might help.