Saylor $100M Bitcoin Sale (Worst Timing EVER?)

**SPEAKER_1** (0:00)
Welcome in to Discover Crypto. We have some dire news as Michael Saylor decides to sell Bitcoin, not just the shares of Strategy. He's closely followed by Donald Trump in his Truth Media, but the Bitcoin price is rallying this morning. Cardano's coming back up to 20 cents. What the hell is going on with this? And more details to come about the cold card exploit that's got a lot of Bitcoin OG holders, very, very concerned right now. We got a lot to cover, a lot of charts to go over on the show today. Welcome one and all. Make sure to like and subscribe. And I just, right before we went live, I got my little greasy hands frisky on the charts, and I did pull a little scalp off of Cardano just on a brief pullback of its recent rally. Snagged a quick 34%. Felt decent, just a little touch. But joined here by the legend, the man behind the curtain here, Mr. TJ.
How are you doing, good brother?

**TJ** (0:59)
I'm doing good. I'm doing great. Actually had a wonderful weekend. I hope you all did too. And yeah, there's got some crazy hair going on today. Fear on the timeline today got Michael, I guess we'll start calling him Michael Seller instead of Michael Saylor. But selling or his master class in messaging, he doesn't say sold Bitcoin says increased USD reserves, which I'm going to have to start doing from now on. Like, yeah, I'm increasing my USD reserves, but I'm also going to be selling Bitcoin. I'm going to be selling Bitcoin. I'm going to be selling Bitcoin. I'm not saying I'm selling, buying the top and selling the bottom, but yeah, you got Trump selling or Trump, Trump family company selling. Hold on. Every time I start talking, I'm going to.
I mean, myself, I muted myself. Anyway, got them selling fear out there hacks going. I'm sure mainstream media is going to get all over the cold car hack and really start driving that fear home. So yeah, starting to feel like starting to feel like a true Bitcoin bear market bottom.
But I'm just grateful to be here with you guys. I'm loving school. There's so much positive feedback in there. Great energy of everybody getting positioned as we're getting ready for this next cycle. So shout out to all of you guys in school. Loving doing that. I was answering comments over the weekends. Did a good write up on kind of, oh yeah, just to throw insult to injury, got the whole bond market on the verge of who knows what. I doubt they're going to let the whole thing implode. So probably more money printing coming as always. But yeah, watching US prop up Japan's currency there as the bond market says, no thank you after Warsh is not raising the rates. So yeah, setting up for more, probably a little bit more downside action into August and September, but it's got to be darn near the bottom. So now is the time to get set up.

**SPEAKER_1** (2:46)
Well, Bitcoin's fighting back there. Honestly, we have a whole pile of really bad news to cover today. And yet Bitcoin is sitting here, you know, obviously you can take the market open for what you will. Let's make sure I'm size the right way so you can see this. So yeah, we've been on a downward trend in terms of this parallel channel on Bitcoin for quite some time since we hit the top end of it here at about $66,700. As of this morning, though, we were coming near the bottom end of it, and I knew that there was liquidity to snag it around 63.3. We did indeed grab that, and now we're trying to fight back to the upward portion of this channel. And just locally speaking, there is a large amount of longs, kind of longer term longs that would be liquidated if the price were to collapse down to the $61,500 range. That is where on the liquidation heat map, I've seen a lot of pain to be had by those longs.
I did see someone asking about, can the Cardano pump continue? I do have some kind of local levels that I'm watching for Cardano. But just looking at this Bitcoin liquidity chart, there is some pain at $62,000 flat. And if you look at the longer time frames, right now, the real nasty spot is if it grabs the $62,000, there's plenty of food for it to eat to the downside. But Bitcoin is fighting back, and a lot of altcoins are trying to have their day, regardless of the bond concerns, and Saylor selling Trump's truth media selling. We're up on the day. On the 24 hour, we're actually up by just under 1%.