BITCOIN FALLING! SOME INVESTORS CALLING FOR MUCH LOWER PRICES!

BITCOIN FALLING! SOME INVESTORS CALLING FOR MUCH LOWER PRICES!

Bitcoin is lost and gone forever it’s
only going down from here that’s what
some people want you to think but that’s
not what actually is going to happen I
want to show you why the Market’s
falling down right now because Bitcoin
is near
$63,000 and I want to explain why this
is probably good for the market and why
it’s completely normal and why this will
change if you don’t mind hit subscribe
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market cap for derivatives exchanges so
the market is down you can see Bitcoin
falling down about to
627 we also have stocks falling down too
I mean vo with this big move down and
you know when you look at the numbers
it’s only maybe a percent but it was a
vicious half a percent there a lot of
individual stocks are down much more
than this like Google Amazon Facebook
and part of that is due to Facebook’s
earnings but you can see the same thing
with Bitcoin it starting to Trend up and
then boom down now it’s starting to
vshape recover a little bit but I think
this is due to GDP GDP came in at 1.6%
the expectation was 2.5% it’s kind of a
weird thing cuz we don’t want to come in
too high because then people think that
the economy is overheating that
inflation is going to be here forever
we’re never going to get rate Cuts but
we also don’t want to come in low where
people think we’re going to get a
recession so as soon as this came in
well it wasn’t exactly what the market
wanted to see so we started to sell
off now I think what’s also affecting
the crypto Market specifically are
inflows Black Rock did not have an
inflow anymore they stopped buying they
stopped buying for the day let’s take a
look at this news so IIT with 1.17
billion in trading for the day gbtc with
523 million fbtc with 486 million you
can see a pretty big outflow day from
gbtc 130
million is it the worst dat they’ve seen
no but it’s still another 2,000 Bitcoin
so almost 1% like
6.7% of the Bitcoin that they hold
they’re just about at 300,000 Bitcoin
left that they’re holding Which is less
than half of what they started with so
another pretty big red day for them and
there weren’t many inflows so ibit was
later than usual fbtc had a small day 6
million and we had zero zero coming from
ibit volume traded close to 1.18 billion
but zero inflows so we had a net outflow
for 121 million so this is probably
another reason that the Market’s falling
now keep in mind we do have some
brighter days on the horizon Morgan
Stanley is talking about expanding the
sale of Bitcoin ETFs by allowing 15,000
Brokers to solicit customer purchases
according to two senior Executives we
know that there are other things that
can happen in the future too that could
be quite bullish we know Hong Kong is
going to start trading ETFs in 5 days
but yeah this was an end to the 71 day
streak for ibit keep in mind though this
was the most successful ETF launch in
history only ETF in history to put in 71
days of inflows straight from the launch
day a lot of these other ones well all
these other ETFs um started afterwards
they’ve been trading for a while top 10
of longest daily inflow streak and 15.5
billion collected in only 7 71 days so
huge success but you know it’s slowing
down a little bit at the time of this
recording but keep in mind this is
normal these ETFs so far have been
bought by retail Traders retail buyers
they’ve not really started to be
included in a lot of funds I mean we
started to see some hedge funds some
wealth managers start to buy them but
black rock as far as I have seen has not
started to put it in some of their other
portfolios same thing with other funds
right it’s not like the Bitcoin ETFs are
within other
strategies and we just get a huge chunk
of buying from you know Black Rock
putting a 5% allocation in some
strategic income opportunities fund now
that hasn’t happened yet even though a
lot of funds have said that they want
that to
happen now I want to show you some other
stuff about Bitcoin but something that
I’m investing into uh solar xcoin so
it’s not a sponsor of the channel it’s
just something I’m investing into
they’re they just announced that they
are going to be on tet so tet is going
to have them uh as a gem and Leia Hein
goes over this right here the biggest
criticism of crypto is its negative
impact on the environment solar X is a
layer one Cloud mining platform and the
first crypto Miner powered by solar
energy you can literally mine your
favorite crypto using the sun they will
have to come up with better reasons to
not ban crypto now uh or to ban crypto
now you can see a little bit more
information about it here the solar X
Cloud mining platform is designed not
only to revolutionize how individuals
engage with solar X mining rigs but also
how to serve as utility for the soul X
token by integrating the convenience of
fractionalized mining investment with
the reliability of blockchain Soul X
mining is set to democratize access to
crypto mining making accessible
profitable and environmentally
sustainable for a good a for a global
audience all powered by their solx token
so if you want to see more information
you could go follow them on Twitter or
take a look at them on tenset I’ve
talked about tenset in the past two but
pretty cool what they’re doing there and
I think it could be big especially when
you consider that you know it’s an a
huge sector which is cloud mining now
another crypto that’s interesting to me
is called Black Card coin I just came
across this recently they’re doing a
Kickstarter over on mechi so they are
trying to bring to you a credit card
with the benefits of blockchain
technology so there’s unlimited spending
in Fiat and cryptocurrencies and you
enjoy immediate benefits like 10% cash
back or 10% rewards on purchases credit
directly to your accounts in staked
tokens this is really interesting again
it’s being talked about by Mexi you can
go see more information either on their
website um you get instant card
activation unlimiting unlimited global
spending 133% instant starter cash back
simple kyc and instant card access
accepting all cryptos for payment Etc
you can see more information about it
there you can also find more information
with some of the other links cuz they
are a partner of the channel you can see
here though they have 50,000 holders
which is pretty impressive especially
for a like a newer crypto currency uh
and I’ll also leave links to their
Twitter as well so you can see where
they’re being listed uh some of their
news as well but it is truly it’s truly
interesting with no foreign transaction
fees with 10% crypto back and it’s
decentralized in non-custodial so check
them out underneath the video now I do
want to talk about one other crypto too
that’s been fascinating to me another
crypto that I’m watching is Unity pad
they’re simplifying the way you trade
crypto have problems finding projects
have problems finding the right project
have problems getting whiteless spots
Unity pad makes this a very simple
process all you have to do is buy and
hold Unity pad token and sit back and
let them do the hard work so they
actually just talked about a couple
cryptocurrencies that they invested into
let me scroll down here uh and the cool
thing is like I said you don’t really
have to do anything they have investment
or they have cash and then they invest
for you so they say we’ve secured
investments in three exciting prods
projects this one zato Toto Doo
$350 invested fuel on blast 500 invested
for cat Moto 233 invested and that might
not sound like huge numbers but keep in
mind this is a very small project and
this is just one round of Investments
like $1,000 into some of these
cryptocurrencies can turn into 10,000
100,000 so it is pretty cool what
they’re doing and this is very small
still very very small like uh without
looking at the market cap just off the
top of my head it’s like a million doll
market cap so definitely on the higher
risk higher reward end of the spectrum
but I think what they’re doing is pretty
cool and a lot of people could use that
because it is hard to continue to uh
tune in all the time to launch pads
especially because maybe you go on
vacation and then they launch and then
you miss out on 100x so Unity pad is one
that I’m watching as well and one that I
hold and the reason I say Bitcoin lost
and gone forever is because some people
want you to think that it’s never coming
back now to be clear I’ve talked about
this in the past and I’ve referred to it
more or the title more as the fact that
there is Bitcoin that’s lost and gone
forever there’s four or five million
Bitcoin that are lost and gone forever
that’s always increasing that actually
causes there to be more scarcity but
today I’m talking about the accounts out
there that want you to think that this
the little price movement that we’re
having down is causing the bubble to pop
it’s it’s the first signs that we’re
going to go down much further you can
see whale wire the number one crypto
letter out there says we’re in the midst
of a highly manipulated and inflated
mega bubble to the likes we’ve never
seen before no one will admit it because
it’s entirely contrarian and goes
against The Narrative of media
government and Banks and everything is I
don’t know it doesn’t matter uh they
continue on ETF just broke its inflow
streak with over 120 million in outflows
The Narrative of Rec
institutional demand was FAL false we
now witnessing whales dump historic
amounts near alltime highs the whales
will or the the price will soon follow
suit as we soon witness a major
correction just like every bubble peak
in history the retail uh the retails
lured in at the top while the whales
sell and swap bags so they are really
the fud capital of of Twitter always
talking negatively about Bitcoin for
someone that is apparently running the
largest crypto letter out there kind of
weird cuz they think Bitcoin is worth $2
to
$3,000 it hasn’t been worth $2 to $3,000
in five six s years I I can’t even
remember off the top of my head and yet
they’re still trying to talk about how
they are into crypto and yet they think
everything is overvalued for the last
seven years so yeah they’re going to be
people that continue to try to FUD you
out of your Investments not because they
think they’re actually right but because
if they scare you they can buy back in
lower that’s why I think it’s really
happening here and I’ll show you why
this is completely normal a lot of
Bitcoin options expire tomorrow Max
paying price is
$61,000 while significant open interest
remains in calls above the current spot
price the lack of put open interest
below 60,000 indicates a lack of
downside protection the put call ratio
of 68 reflects a modest bias towards
calls but this has decreased notably due
to likely profit taking on downside
Hedges okay so we could see another drop
down in price it’s always possible right
uh $61,000 $60,000 $555,000 some people
are talking about all these different uh
price targets keep in mind though
movements down are completely normal
2017 40 days later uh from the all-time
high we’re down 45% 2021 4 days later
35% down 2024 40 days later down
133% short and medium- term the Bitcoin
ETF byy wall will limit the floor and
extend the ceiling for bitcoin price so
yes uh we have seen a bit of a drop we
could see further drops but this isn’t
that bad even in a bull run typically we
see much more volatility than this I
mean just zoom out we’ve just been
trending sideways like this is still if
we go back up up this is still a bit of
a higher low from where we were just
about a week ago a higher low we can
continue to move up of course it’s going
to come down to the ETFs it’s going to
come down to macro a good amount but I’m
not too worried right whenever we are in
a bull run this is bound to happen I
mean let’s take a look at this we were
right around the previous all-time high
we hit all-time highs back in
2020 and then we fell down
20% Within two days we fell down 20%
imagine being part of that you had an
alltime high then boom straight down and
then yeah we went sideways for almost a
month and then started moving back up
same thing here you know we get up to
41,000 go all the way back down to
28,000 so what a 30% drop and then
contined to Rally up this is bound to
continue to happen and yeah you need to
be able to stomach the volatility but
honestly I don’t think it’s that bad you
know I did make a video yesterday
talking about my new strategy for this
bull run I’m being careful now that we
are past the having I’ve accumulated a
lot now I’m kind of sitting on my hands
waiting watching waiting for us to move
up because I think that that’s bound to
happen but there is a time where maybe
you want to take your foot off the gas
if you want to see that video you can
check it out it was definitely a
interesting video to make because I’m
extremely bullish on crypto but I’ve
been buying for four years 5 years are
just continuously buying into the market
buying a lot during the bare market so
at this point you know I’m here for it
I’m going to continue to make videos for
you every single day I think we’re going
to do quite well but you know there is a
time where maybe you want to just watch
the market instead of continuously
dollar cost averaging let me know your
thoughts on that underneath the video
though again you can check out the links
to Marx and also uh to coin W underneath
the video thank you so much I’ll see you
in the next one bye

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