Will Saylor KILL Bitcoin? (These Charts Are BAD)

**Drew** (0:00)
I'm not sure if your sound is working, or if our sound in general is working here. Hopefully, my microphone looks like it's coming through.

**Deezy** (0:07)
Hey, everybody, hey.

**Drew** (0:09)
If I can get you at it here. I think your sound might be off. I think your sound might be off here. I can hold it down for a sec, but I gotta figure out why yours, what input you're on here. You're on the right one? It's kinda weird why it's not working. Everyone in the chat, can you hear Deezy? Both of us are good. All right, so it sounds like both of us are good now. All right, it's working. Yeah, kinda weird, it's kinda weird.
What in the world? Okay, they're trolling us.
I'll get on the cell phone here to make sure that it's coming through. But I think we're good. I think we're good here.
Yeah, you might, go try out your other studio here because we got a lot to cover. We know that you have a lot to say about what is happening with the STRC price this morning. Saylor is not looking like the best thing for Bitcoin today. We have, STRC is breaking hard. And now there's a lot of people that, you know, I mean, rightfully so, are concerned about what's going on right now.
Just to kind of put it bluntly, it's looking kind of grim. Looking kind of grim. This is STRC. It broke down to about $85.31 a piece right now. And really the big concern is that, you know, this peg at 100, usually after the dividend day, it's been able to be recaptured. Now, problem that we kind of saw maybe a week ago, these are on weekly candles, you know, two weeks ago, is this was a bigger drawdown than the previous two. And we had kind of an upswing, an uptrend where these DPEGs were catching their footing closer and closer to that $100 mark. But what's starting to unravel over the last three weeks is quite problematic, quite problematic. It's a situation where a lot of people can rightfully so be concerned, is Bitcoin cooked, right? As Michael Saylor captured, too much Bitcoin right around. He's just under a million Bitcoin right now. So is Saylor going to kill Bitcoin? That's what we got to sit here and ask ourself. You know, I am of the opinion. I have my own opinions of it, obviously. But I don't know. I'm really maybe test.

**Deezy** (2:43)
Hey, hey, I see the green dots, Drew. I had to restart the shore.

**Drew** (2:48)
You had to restart. So let us know in the caster.
So it's working now.

**Deezy** (2:52)
You just restarted green dots. I see the green dots.

**Drew** (2:55)
Okay. I see it coming out. All right. They say you can hear you. I really because this is a subject matter that you've been talking about for a very long time.
Obviously for me in a TA perspective, it looks pretty gross. But the idea of a million Bitcoin bag, you know, falling into a situation like this, it scares me. It scares me a little bit. I'm not going to lie. You know, I want Bitcoin to win long term, but it's looking problematic here. So what you got on your charts?

**Deezy** (3:26)
All right. So first, let's start with Bitcoin because Bitcoin also looking into a little bit of pain, everybody. Now, I did get a long end right there. $63,850. I drew a little yellow line here.
We might be going a little bit lower. I am looking at some of these other levels. We're looking at daily opens and closes here. And you can see this is the daily close followed by the daily open. I also like a little bit of an entry right here $63,550. I think we could push down a little bit further here. Let's go to the four hour. You can see we tried to hold this range, tried to hold the range, and then it just fell through the bottom, fell through today. And a lot of people are going to be blaming micro strategy or strategy rather and how they're putting a lot of pressure on the markets. Now let's look at the just the big movers and gainers because we are going to check out a couple altcoin charts. You see Bitcoin is down 2%, XRP.
We're going to look at that chart is down 3% right now. And we're going to look at hyper liquid is down 3.3. Let's look for the big movers here. Scampump, Scampump. Then we have XLM with a 10% pump here. And Algorand, Algo up 5%. Andrew, almost green for the week. Now we have Morpho, you know, kind of erasing some of those losses that we've seen previously.