You wont believe WHO is manipulating Bitcoins price... | EP 1608

Nico Moran (0:02)

Bitcoin crash by $4,000. Guys, $4,000 last night's over, guys. The bear market's back. No, I'm joking. But $400 million of levered longs were liquidated in about 20 minutes to an hour last night.

And the timing of the crash is getting more and more interesting as the hours go on. We're seeing a lot of interesting theories beginning to circulate. Some people think this sell-off is related to oil and the bond market's meltdown. You know, it seems like there's some new action in the Middle East. But I think what is more telling is the exchange data. It's way too obvious to ignore. We're seeing some interesting data being tracked. The first one, the first report is apparently the US government was depositing Bitcoin into Coinbase premium like an hour or so, a couple of hours before this dump. I'm not saying the US government sold Bitcoin, but it is very interesting. And I think the most telling transaction or the most telling exchange data we're seeing is we saw a very suspicious levered short happening, literally an hour before the short or before the longs got liquidated. So I got a lot to cover. I mean, it was a look.

Everyone's trolling me in the chat like Opti. I thought you said 90K. I did say, you know, there is a possibility that we do get a dip. I was leaning more positive, more bullish. But I mean, honestly, a low volume Tuesday night crash.

I'm still in bullish territory. I don't think this is as bad as everyone thinks. Honestly, I think this is probably healthy. We haven't reset all of the leverage longs yet, but a nice little leverage, you know, clear out here is arguably a good thing. Anyways, let me USA let his hands, honestly, for real. So here's everyone was watching last night. Actually, I was a little distracted last night. You know, I was watching some sports ball last night. Don't really like baseball too much, but hey, I watch a little bit of America's pastime during the playoffs. I like seeing human excellence, and it's a little fun. Anyways, I pop over to Twitter during a break. And what do you know? I'm like, we got liquidated. We got a dump. Like, okay. So Kobayashi letter, this was at 10 o'clock. It goes Bitcoin falls nearly $2,000 in 20 minutes. That's $400 million worth of levered longs are liquidated in under an hour. Guys, look, it's over. It's officially over. You know, 80, 85k Bitcoin. Or what are we at? 83k Bitcoin. Guys, we got like a one and a half percent dip. Pack it up, guys. Pack it up. Bitcoin's down $4,000.

We're going to zero tomorrow. No, obviously, I'm trolling.

This is nothing. This is a cakewalk. And we'll kind of charboil a little bit, give you guys the on-chain metrics. But here's where everyone was kind of, before the liquidation happened last night, I think everyone was noticing this. So look on chain. I'm using look on chains tweet. I think I saw a Sony time chain post this about an hour before, but I'm using this tweet. So the US government transferred out another 834 Bitcoin, about 71.5, or yeah, 71 and a half million dollars in Bitcoin hit Coinbase Prime. Now, obviously, we don't know if this is what was, being sold here. We don't know exactly what the reasons are for the US government sending Bitcoin to Coinbase, but it does go into a lot of the different theories that we've been holding on for a while. It's like, one, what is going on with the strategic Bitcoin reserve? Two, did the Biden administration sell the supposed strategic Bitcoin reserve before Trump got into office? And three, the most recent update is we find out that literally nothing has happened to the strategic Bitcoin reserve. They are still sitting in the various agencies. There is no actual consolidation of these coins. Therefore, it does seem like some of these agencies from the US government are able to do what they've been doing with the Bitcoin. So if they have a rule for them to just sell the Bitcoin, who knows? Though it has been attributed, or at least from all the data I've been seeing, it does seem like this is the Bitfinex coin. So arguably, I doubt that they'd be selling that Bitcoin because a lot of that Bitfinex coin that was hacked was supposedly going to the victims of that hack. But now with this new Strategic Bitcoin Reserve executive order, we still have no clue what's going on with the Bitcoin. We don't know what happens with the Bitcoin once the US government confiscates it. If they confiscated, does it go just straight to the Strategic Bitcoin Reserve? Is this the whole executive order 6102 mandate repart due here in the 2026 years, where if it gets confiscated through a hack, it just ends up in the Strategic Bitcoin Reserve, and victims be damned. Who knows? But it was suspicious, okay? It was a little suspicious. We're seeing some Bitcoin hit Coinbase Prime. And here, let me go over to CoinGlass.