Three Bullish Signals Just Hit At Once… Is the Bull Run Back On? w/ John Gillen

**John Gillen** (0:00)
I still think that there's a reasonable chance that may be the bottom, but I also don't expect a strong, sharp V-shape recovery. I don't expect us to wake up in two weeks and be at 100k, right?

**LGD** (0:09)
What's up, everybody? It's LGD who's here. Welcome to The Milk Road Show, The Daily Crypto Show. They can't decide what would be worse, getting beat up on the front lawn of the White House or getting beat up by this crypto market for the last 10 months like we have it. Today is June 15th, 2026, and we are pumping. The beating is done. The war is over for the 11th time in 11 weeks, and the market is back off to the races. The great SpaceX liquidity suck has come and passed, and the market has totally shrugged off, and SpaceX is trading at $175. Wow, not exactly what we expected. Anyways, we're going to talk about all that and more. This week, we're back on our normal Monday episode with me and John Gillen. Today's episode is brought to you by BitGet, Stocks 2 with real liquidity, real dividends, Nexo, Earn Interest, Borrow and Trade Crypto, and CalSheet, where your takes finally pay out.
Okay, John, how good was your front row seat at the UFC fight last night at the White House?

**John Gillen** (1:00)
I was not at the UFC fight at the White House. But yeah, we've taken quite a beating in the last 10 months. So I'm hoping that's coming to a close here.

**LGD** (1:10)
But would you have gone, would you have gone if like Milk Road had like a journalist seat or something like that?

**John Gillen** (1:16)
Yeah, absolutely. If I was getting paid to be there for sure, man. But like, I'm not a UFC fan. I'm nothing against any of these. I don't know. I don't want to get involved in fighting all the controversy what's going on. I've just never been a sports watching fan, except for the Knicks recently. But yeah, I don't know.
I think that they, I hope both teams had fun.

**LGD** (1:40)
Yeah, I think some people got beat up, but it definitely looks like fun. You know, my favorite part is actually I saw a highlight from earlier in the day where they just had motorcycles going over jumps in front of the White House. I thought that was pretty sick. That's a little bit more of my kind of flavor. Anyways, John, it has been 72 hours, I think, since we last spoke, since we hosted, for anybody who missed it, John and I co-hosted with OKX, a mega SpaceX spaces to basically watch the price of the stock as it went live. Before you start rolling your eyes, be like, don't start talking about SpaceX. I just want to hear another show about crypto. SpaceX is a crypto company. They hold a ton of Bitcoin.
X is going to have crypto payments at some point soon, whatever. Anyways, John and I had a great time Friday morning hosting with OKX, who asked us to host this little stream with them, with a lot of other crypto celebrities as well. And surprise, surprise, John, we're just talking before. I didn't even know the price was holding at 175, which is completely insane.
Did you think that was going to happen? I thought we all thought that we'd be in the total red by now.

**John Gillen** (2:39)
That is what the perps markets were anticipating pre-IPO pricing. That was what the market was pricing in. And it seems like that's just been a continuation of that price action. So although the IPO did not happen until... When was it? Thursday, Friday, whenever it happened.
That price was predicted by the perps markets before that go live and that live trading on the exchange. And then what we're seeing now is just a continuity of that price action, that trading action. So I think that is a really strong indication that the price that we're seeing being set by the markets on these perps, different perps exchanges prior to the IPOs, is a pretty reliable indicator of market demand and market pricing. And it's a much more accurate underwriting of the value of the asset than the professional underwriters at Morgan Stanley or Goldman Sachs are able to do, or JP Morgan. So yeah, I think that's, there's a lot of interesting things about this, but it's a really strong validation that the perps markets are getting robust volume and doing a great job at pricing these things out. And yeah, we'll see if this holds. I mean, I think that as you're seeing SpaceX add its indices and eventually they'll be a private IPO or pre-IPO, private equity that comes onto the market, there'll be some fluctuation in this. I don't think it's just going to hold this price level or just go up only by any means, but I'm not sure how that will play out all exactly, but it's interesting to see the accuracy of the perps markets be verified by the live trading markets now.