NEW DATA REVEALS Why a HUGE Move In Bitcoin Is HAPPENING NOW!!! | EP 1580

**Nico Moran** (0:02)
One of the largest, sorry, guys, this is loud. One of the largest options, explorations ever just happened today. And a lot of data is suggesting, or rather maybe even predicting the huge Bitcoin move we are seeing, and I think is going to continue on. Spot demand is back. We've seen about $3 billion of Bitcoin this week and last week led by BlackRock. But I think the biggest factor playing out right now is that Fed Chair Kevin Warsh had his first Jackson Hole meeting this morning, and the markets are digesting his hawkish tone. I'll get into that a little more. But I think now is the time to be paying attention because, again, it looks like we are seeing the massive move we've been waiting for. Yes, we had a good, huge move last week. But right now, we're all wondering, are we out of the bear market? Is the bull market just beginning? Are we going lower? Or is this just a bull market-esque correction? Will it be another move lower as the price action today suggests? Or as the options expiration suggests, now that all the leverage is being cleared, are we about to climb higher out of the bear market and make it definitive? Again, we do have a lot of data suggesting where the price action levels that everyone's watching. I will update you on what the kind of latest data is showing. That's where all the options expirations are happening and what that means for the price of Bitcoin. But the band is narrowing here. All right, guys, that's the first thing I want you guys to kind of take away from this video, that we are in a tightening range right now. And so if you're thinking this is the, you know, we're going to bar to 50K, I don't believe that that's the case. Does that mean necessarily that we're going to get up into the 85K today or this weekend? Potentially, but right now, we had a range from about, you know, Nico said it a while ago. If we, what was the thing he always said? If we range between 80 and 60K till the end of summer, then I'm going to be really bullish. Well, last week, when we saw the mother of all short squeezes, we basically went from 62 to 75K, or I think it was 77K, about a 15K move. And then we were watching the 83K range. Now it looks like the range is somewhere between 83 and about 75K. Those are the levels that we're watching. So it's squeezed here. Now we have a very precise range of, once we make a move in either direction, we will know for a definitive fact what is going on right now. So until then, I will be doing some tea leaf reading. We're going to try to speculate, try to parse the information, figure out exactly where we stand. But first of all, I do have the spark notes on Kevin Warsh. So actually, before I go into this, for maybe people that aren't financial nerds like myself, we got Fed Chair Kevin Warsh first Fed meeting in Jackson Hole, Wyoming. Now, the importance of this is obviously, this is the first time he's spoken in Jackson Hole, which is going to essentially set the precedent for how Kevin Warsh will lead the Federal Reserve. One thing that he said in particular, though, that I did find interesting, he's like, hey, this is my speech. I'm going to give you kind of a blueprint, a framework for how we are going to be doing this moving forward. This is not, and he specifically said, this is not forward guidance. And that's one of the things that Kevin Warsh, Fed chair, Kevin Warsh has been battling against. This idea of everything coming out of the Fed is forward guidance. So basically telegraphing what they are going to be doing. It seemed as if from this speech, he's kind of, instead of leaving the market, more reacting to the information. I think that's what he's trying to set as the precedent. But the, again, spark notes of what happened, which is, I think, why the markets are kind of down this morning. And I will expand on what I'm watching and kind of the takeaway from this morning's price action regarding and reacting to Kevin Warsh. So, shout out to Bull Theory IO on Twitter. They do. Kevin Warsh delivered his first speech, and the tone was hawkish. First, inflation data doesn't show meaningful improvement, but the 2% target for inflation remains firm and fixed. I think he specifically said, we have a lot of work to do in inflation, which I think is spooking the markets. I think that's probably the biggest signal. Again, if you aren't a FOMC or a Fed meeting watcher, a Fed meeting noticer, then you might not understand the different kind of mechanics, or maybe the mind reading that goes on when these meetings happen. And they're as silly as Jerome Powell starting his speech with a different phrase. Instead of good morning, or I forget what the other one is, welcome everyone. Depending on what he starts his speech with, people would take that as a bullish or a bearish take, or a dovish versus hawkish take on where the markets are going. So now we're in a new regime here. And I think the biggest takeaway again is like, we have a lot of work to do with inflation. And this adds to the other things he was saying.