Crypto Market Bloodbath! Bitcoin, Ethereum, XRP, Solana, Zcash Analysis!

Episode Transcript
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Speaker 1 (00:00):
This, of course, was the time to sell right around
the all time I when mvrvs were through the roof
mvrvs right now still show that if you were to
buy right now, you'd be doing so at less risk
because your average peers are in pain.

Speaker 2 (00:19):
Hey, folks, welcome into the Thinking Crypto Podcast. I'm your
host Tony Edward and joining me today is Brian from Santimond.
We are going to do a deep dive into the
metrics for a bitcoin and all the top all coins
to get an idea what's happening in this market.

Speaker 1 (00:32):
Brian, great to see you. Good to see you, Tony.
It's still a bit of a slog out there and
we're hoping things can turn around. But lots we can
go over today with how the markets are reacting, targeting
micro strategy and all sorts of fun you know, discussions
about Trump's MRI and how that might relate to crypto.
People are really trying to find reasoning for why we're

(00:55):
slumping as much as we have.

Speaker 2 (00:57):
Well, you know, Brian, it's like the saying a narrative
follower price right when the price is going up, it's
you know, crypto's taking over the world. When the price
is going down. Everything's going to collapse. Micro strategy and
Teller's going to collapse. China's banning crypto. It's so funny
how that cyclical pattern plays out, and the whales and
the market makers use that todairvantage.

Speaker 1 (01:17):
According to retail, there is no explanation needed when crypto
goes up, but there are lots and lots of accusations
of market manipulation when the opposite happens.

Speaker 2 (01:28):
Yeah, but the at the foundational level of it, it
is all cyclical. Now, yes, markets do top out at
some point and we enter into a bear market, but
it just it's funny these things pop up every time
the price is down, and then you know, when the
price starts going back up, all of a sudden, you
see the euphoric.

Speaker 1 (01:46):
Greedy narratives.

Speaker 2 (01:47):
Right, this train can't be stopped and it's gonna stop.
It's gonna keep going higher and higher.

Speaker 1 (01:54):
Oh yeah, yeah, it's just there are so many side
conversations of who the big estes scape goes out there
should be right now, and you know, Sailors taking his lumps.
And I think as we dig into some data, we'll
see what level of fud there really is. Because As
we've talked about many previous episodes, the fud is the
key to finding the bottom. So we need to see

(02:15):
enough of it to be sure that things are about
to get a little better.

Speaker 2 (02:19):
So why don't we look at the sentiment data and
what people are talking about, what's driving the fear and
of fud and all these things.

Speaker 1 (02:27):
Let's do it. So for starters, of course, we've got
the seven day returns, which are as bloody as they feel.
Ethereum down seven and a half percent, Bitcoin down a
little over four percent. Look at z cash, you know,
we've talked just last episode about how much of a
darling it's been in spite of the rocky price performances

(02:50):
we've seen the last couple of months, and now it's
just getting brutalized, down forty percent in the past week.
So outside of a few you know slight gainers like
Narrow and Layo, it's just looking pretty red throughout and
even social volume like this is very interesting to me, Tony.
Almost all assets are getting significantly less discussion compared to

(03:14):
a week ago. So we talked about the markets starting
to get complacent and no longer getting kind of that
push and pull and debate from traders. We're kind of
reaching that point here now that December is hit, and
you know, maybe part of that studient Thanksgiving. Of course,
the largest portion of this is due to US discourse,

(03:35):
even though crypto is global. But I do think that
the declining level of discussion overall in crypto is a
sign of fud itself and could be considered somewhat of
a good sign. So, yeah, something that will be keeping
an eye on.

Speaker 2 (03:50):
Yeah, and I can anecdotally say my views have gone down.
I'm getting less engagement on my videos, So to your
point is a bit of the holidays here in the
United States. But also people are they're not feeling excited
about crypto right now, They're feeling feared. They're like depressed,
right Some have given up, like, hey, I'm not even
going to pay attention to this right now because it's
just a mess exactly.

Speaker 1 (04:12):
Yeah, I mean, it's naturally everyone's going to be talking
a lot more about crypto when things are going up.
But even the last couple of months when it's been flat,
there's at least been like those polarizing opinions popping up,
and you know, Capo releasing a prediction that everyone gets
viral and bloodthirsty about and now it's just you know,

(04:34):
of course there's still posts that are getting attention, but
there's just much less And I'm with you, even Santonan's content,
it's a little less engaged than usual. And we know
it's the same kind of quality, just like we know
your videos are the same quality. But when there's less
people interested in trading right now, it's just naturally going
to affect all of us.

Speaker 2 (04:52):
Oh absolutely, So what are some of the things you
know people are searching or sharing? Is it like MSTR tariffs,
I don't know, FED and QT anything like that.

Speaker 1 (05:05):
Yeah, certainly all of those things are popping up according
to our algorithm that looks at the stories that are
kind of generating the most attention compared to normal. You know,
just the general discussion about market volatility. Volatility is kind
of synonymous with going down. Nobody talks about volatility in
the upward direction these days, but starting off with a

(05:28):
decline in December, so that's kind of just leading the
way a lot of people. Interestingly, you'll notice in the
summary here they're attributing the December fall with a notable
cell off amid rising Japan two year government bond yields
hitting one percent for the first time since eight sounds concerning,
But can this really impact crypto that much? Should people

(05:51):
be attributing the entire decline of crypto, which is not
supposed to be impacted by macroeconomic or glow events quite
the way that stock markets are. Should they be, you know,
putting that much of a precedent on it, especially Japan.
You know, of course it's a very large economy, but

(06:12):
it's not the US. Is Japan's to your government bond
yields hitting one percent? Really the reason that crypto is thinking.
Can't disprove it, but I can be skeptical for sure.

Speaker 2 (06:24):
Yeah, and it again, I think people are looking for narratives, right,
human beings, we need stories, right, It's like, why is
this going on? Oh, it's this reason versus you know,
what we know of the data, the cyclicality of markets.
And yes, sometimes these negative news items could trigger a
market sell off, absolutely, but you know, at the end

(06:45):
of the day, it's more more often the cyclical aspect
of the market.

Speaker 1 (06:49):
Yeah, well said, And we've got things like bullish silver
amid Japan rate hikes, Cyber Monday, crypto deals that's the
topic right now. And then years Sailor at number four
micro Strategy, led by Michael Sailor, purchased one hundred and
thirty bitcoin at around eighty nine point nine k each,
raising total holdings to six hundred and fifty thousand BTC.

(07:11):
The company also established a one point four to four
billion USD reserve to cover preferred dividends and interest payments
funded through at the market. At the market stock sales,
so in other words, you know sailors coming out saying
they're buying more, No big deal. Meanwhile, micro Strategy, at
least it's started today. The stock markets are still an

(07:33):
hour from closing based on the time we're recording, but
started the day down about twelve percent, So a lot
of people were talking about how micro Strategy is finally over.
Things are done. It is trailing bitcoin like somewhat notably.
But at the same time, I think it's a bit

(07:53):
of an overreaction to target micro Strategy quite to the
level that they are and calling it a scale because
we just had a four day break in the US.
The markets were open for like a few hours on Friday,
I know that, but they were closed Thursday during the
Thursday to Sunday trading, Bitcoin and crypto just tanked, So

(08:17):
all of a sudden, micro Strategy opens up down like
double what Bitcoin's decline is. So everyone's going, oh, micro
Strategy is just getting crushed because they're a scam. But
what I actually think is blind siding traders is they're
forgetting about that Thursday and Friday trading that micro Strategy
wasn't affected by because markets were mostly closed. At least

(08:41):
That's kind of how I'm seeing it. You can have
your opinions about whether they can turn things around. I
know micro Strategy is really getting crapped on, if you will,
but I don't have a strong opinion the way the
crowd does. I think it's company that's run by sailor
that is doing a lot of somewhat transparent things and

(09:02):
some not so transparent things, and people are kind of
forming their opinion based on whatever the prices of MSDR
are doing any given day. Yeah.

Speaker 2 (09:13):
Absolutely, And I know there's a lot of eyes on
micro Strategy just because of the correlation with Bitcoin and
people trying to see if their top is in or
not so, and then look, if you're shorting bitcoin right now,
which I think a lot of people are. That's an
easy target, right to be out there and say, look,
micro strategy is going to collapse, and you got the narrative.

Speaker 1 (09:35):
Yeah, and micro strategy for those who aren't in the know,
it's it's something a lot of people really like having
as a way to get exposure to crypto without owning crypto,
just like the ETFs, but with micro strategy, it's slightly
leveraged just naturally it kind of I forget the exact number,
but something like a two x leverage stock that correlates

(09:59):
fairly well but not perfectly with bitcoin. So when it's
really plummeting, it plummets far more severely than Bitcoin, and
then people start to open their eyes and go, wow,
what a scam micro strategy is. And I know there's
plenty of intricacies too why people either love or hate it,
but the main reason is when prices go way down
all of a sudden, people get very vocal about sailor

(10:22):
being a scam artist and a grifter and all of
these things. But I wanted to look at funding rates
here because you mentioned it, and we do have the
data to show that on binance. Yeah, there have been
some shorts they've turned along a bit today, interestingly, so
people aren't quite believing this dip just yet. It looks

(10:43):
to be something that traders are hoping to long and
expect a bounce, which is not good. We want to
see people shorting as it goes down, and that will
often indicate the bottom. Those shorts then get liquidated like
right here, and we bounce back up, so finance those
shorts have at least temporarily stopped. They actually look a

(11:04):
little more consistent on bidmes, So there are quite a
few of these shorts going on there. I would just
wait until you're getting really extreme shorts if you're looking
for a very confident signal on when precisely to buy.
There's a reason we don't say buy exactly at eighty
one K or seventy seven K, because it depends on
stuff like this, like how are traders reacting to different

(11:28):
prices in real time. We can't predict that all of
the shorts are going to suddenly pop up at eighty K,
but we can see as they start to happen, like, okay,
that's a sign that we're going to bounce. Because there's
a lot of shorts that are ready to be liquidated
and act as rocket fuel to push prices back up. Yeah.

Speaker 2 (11:47):
Yeah, absolutely, so it could potentially be some more downside
we're going.

Speaker 1 (11:51):
I just have to wait and see based on funding rates. Yeah.
I mean, there's plenty of data that we can go
over that I've kind of prepared here. Definitely want to
look at what whales are doing like we always do.
And it's not.

Speaker 2 (12:06):
Yeah, go ahead, Oh it's just gonna say, yeah, Brian,
I've been looking at his chart every day, and man,
it keeps going down.

Speaker 1 (12:12):
Still not ideal. The ideal condition, as I talked about
in a report I did a few weeks back, is
green line goes up, red line goes down, like right
here in September, and what you know, early October we
get that all time high. Since that time, about a
week after the all time high, the ten to ten
k BTC wallets have dropped by about zero point six

(12:37):
percent of the entire supply. That's a lot. They've dropped
almost one percent of their holdings. Meanwhile, retail keeps going up.
So we need to see like the exact opposite of this,
and it hasn't stopped yet. Retail is still buying the dip.
They are not quite showing the fear that we are
hoping for, at least based on what the numbers are

(12:59):
showing of wallets that have zero point oh one BTC
or less. And then wow.

Speaker 2 (13:05):
You know, one of the things I was looking back
at is in Q one Q two of twenty twenty four,
where there was a big, massive dumb by the whales.
It didn't mean the bullmark it was over, but that
was the bider rumor sell the news event for the
big one ETF. But you know that doesn't mean that
that pattern repeats now that it's just another local top.

Speaker 1 (13:25):
It could be the top is in.

Speaker 2 (13:26):
But you know, this is this is a fun part
of investing. I guess we got out with be patient, right.

Speaker 1 (13:32):
Yeah, that's interesting. I do want to check that out
really quick with you and just see if there's some
indication as to what they were doing here. So Q
one of twenty twenty four, right about here we suddenly
see in late January they go on a big tear here.
So I think this is what you're referring to. The
red line. Notice how it's mostly going way down. Yep,
green lines going way up. And we hit the then

(13:54):
all time high in March of twenty twenty four getting
above seventy three K, which a ton of people were celebrating,
and then shortly after that all time, that's when they
start to drop, so exactly right, Yeah, and it was
a big drop.

Speaker 2 (14:07):
Me just look at that line. If I could see
a date around June or so, that massive drop moving
forward right here. Yeah, right, that's a huge decline. Maybe
not at the same rate we're seeing right now, but
it's hope. I guess it's some hope I'm trying to
offer some.

Speaker 1 (14:25):
People, exactly Yeah. And then, of course after July fourth
or so, for those who remember that was it was
either a day before day after the attempted Trump assassination,
and all of a sudden, Wales just went on a
massive accumulation streak. I don't know if that triggered their
thoughts that would make them believe that Trump was about

(14:49):
to get elected. They ended up being right, of course,
if that was the case, and they just kept accumulating
after he was elected, and then once he was inaugurated.
It was kind of a weird wishy washy buy the
rum or, sell the new situation. But you can just
see how much control this green line has on prices
when it's going up, generally prices are following pretty consistently.

Speaker 2 (15:11):
Oh absolutely, Maybe we could look at the bitcoin MVRV
so definitely still in the negative.

Speaker 1 (15:20):
I was looking at this yesterday. So the blue line
here indicates the long term trend. Traders that have been
active in the last year are down sixteen percent on average.
Traders active in the past thirty days are down a
little over five percent on average. Both good signs. Ideally,
the times to buy are when both of these lines

(15:41):
are in the negative below this zero axis. They certainly are.
They're not severely in the negative like they were back
about ten ish days ago, but it's still a great
sign to see that they haven't popped anywhere near zero
percent yet. So this, of course was the time to
sell right around the all time eye when mvrvs were

(16:02):
through The roof mvrvs right now still show that if
you were to buy right now, you'd be doing so
at less risk because your average peers are in pain.
H interesting, and you know it's it.

Speaker 2 (16:17):
I on one hand, I understand like this from a
local top perspective, but I wonder what it means if that,
let's say the market top is in completely and if
these guys are going to capitulate at some point, but
then they're also relief rallies. Nothing goes down in a
straight line. So yeah, okay, interesting. What about ETF inflows

(16:38):
and outflows?

Speaker 1 (16:40):
I know that. Let's give that a look. Yeah, give
me just a moment to load that up. We did
have our team get this back up to date. Yeah,
we have data basically right up until Thanksgiving. We don't
we aren't going to have today's data till the end
of the day. But there were still mostly outflows going on.

(17:01):
You know, seven of the last ten trading days that
we have data on do show that this has been.
This decline since the all time high has been mostly
followed with people slowly and gradually taking more and more
of their money off exchanges when it comes to net differences.
And that's a good thing because we've seen more and

(17:23):
more that these ETFs are being controlled by retail as
much as institutionals, and fud tends to lead to bounces.
While these big spikes and inflows, you would think for
the long term they're good, but short term, when you
get just a massive inflow all of a sudden, it's
usually followed by a top like here, and especially here
right at that all time high. So I don't mind

(17:46):
the fact that people are moving their money out of ETFs.
It simply means that people don't trust bitcoin right now.
But people not trusting bitcoin is not the worst problem
in the world. It can actually benefit crypto's bounce in
the long run. So outflows mostly, yeah, Yeah, it's been
kind of on a tear. Although you know, we said

(18:06):
we saw some days of inflows, majority of it has
been outflows, so similar to what the whales are doing
right just distribution exactly. I don't put as much priority
into this as I do. You know that whale chart
that we were just looking at, And what I do
put a lot of priority into is this positive versus

(18:28):
negative sentiment, which is still indicating that we're back in
negative range. After being very bullish over the holidays, when
we had that rebound above ninety k, it already seems
like forever ago, but on Thanksgiving we were getting back
to ninety one k and people were optimistic that the
bottom was in turned out to be incorrect. We definitely

(18:51):
have fallen right back down almost to that scary bottom
from just ten days ago. So naturally the sentiment has
fallen along with them. So the data here is continuing
to show that people are selling at the bottoms, buying
at the tops, and then selling at the bottoms again
as usual.

Speaker 2 (19:09):
Man, And I know, yeah, I've been tracking some other
things where it shows we've been in extreme fear for
a while. So to your point, people got a little excited,
Oh we're seeing a bit of a bounds.

Speaker 1 (19:20):
But that was short lived, exactly. Yeah, and they were
to their credit, people did start to get fearful starting
about three weeks ago when we were still you know,
dancing a little above one hundred K, and they just
got more and more fearful until we just saw extreme
levels of bearish content outpacing bullish content on social media,

(19:44):
and that was the signal we were finally at that bottom.
It was almost what we saw on that October tenth
FUD day when Trump was about to reintroduce one hundred
percent tariffs on China.

Speaker 2 (19:56):
Let's look at all coins, maybe we can do Ethereum. Yeah,
many alquins are suffering right now, you know, as they
mostly follow bigpoin totally.

Speaker 1 (20:07):
We'll stick with sentiment while we're here, and it is
looking like there's a little bearishnis going on with Ethereum.
When we did our video a couple of weeks ago,
we were talking about so much attention was on Bitcoin
and Ethereum and being you know, everything else, even XRP
was being kind of ignored relatively to the top two.
And it still seems like that's a little bit of

(20:28):
the case. Ethereum looks very similar to Bitcoin. There's just
an equal level of you know, what have you done
for me? Lately? People sell off when it's down, buy
in when it's up, sell off again when it's down,
as we are right now. So I see very very
little difference between BTC and Ethereum. Both are showing a
lot of fear. And if we go to XRP, yeah,

(20:52):
it's still it's still kind of showing mixed signals. It's
not nearly as doom and gloom for XRP as it
is for BTC and a eth so call that a
result of less discussion related to it or something else.
But you know, XRP is barelyinging onto two bucks at
the time of this recording. We'll see if it does

(21:15):
fall below two whether the narrative suddenly changes due to
that psychological support breaking.

Speaker 2 (21:21):
Oh yeah, what about Solona and z cash were sentiment.

Speaker 1 (21:25):
Yeah, I'm very interested in z cash, especially after this
forty percent drop. Solana business as usual. I don't see
anything out of the ordinary. This was a big anomaly,
I think due to some bot activity that settled down.
But you know, if I cut off that part, it's
going to look pretty much middle of the road. A
little bit of euphoria here, which is interesting, got very

(21:46):
high right before Thanksgiving when prices were rebounding, but it's
it's in the middle. I don't see anything special going
on with its sentiment, not high and not low.

Speaker 2 (21:56):
I think those little peaks that we see even like
on the XRP chart and so forth. Sometimes there's news
announcements and they get crypto to itter like excited, but
then it fades because the price action doesn't match the sentence.

Speaker 1 (22:07):
Right exactly. Yeah, And it's etf announcements and speculation of
stuff like that all the time, exactly. So zec let's
see what we see here, surprisingly not crazy, And my
theory on this would be the fact that they weren't

(22:27):
really believing in this rally in the first place, right, Like,
other than this interesting little by the dip euphoria here
on October sixteen, seventeenth. That was almost two months ago.
Now we've not really seen any crazy highs or crazy
low and sentiment maybe just a little bit right there,
but this is completely normal. It's about an equal amount

(22:48):
of bellish versus bearish comments. And it seems like I
just don't think zec is kind of obtaining the big
crowd that you would think it would from this kind
of massive what was it like a ten x or
so price twelve x so, Yeah, it just seems like

(23:09):
sentiments kind of business as usual. There's still a lot
of like voltel like ups and downs, but these aren't
These aren't that extreme compared to like what we saw
back when z cash was almost completely off people's radars.
That's so interesting.

Speaker 2 (23:23):
Maybe it's like this disbelief hated rally, right, we don't
think it's going to keep going, but then it does.
But then you know, when it gets new highs and
the crowd starts buying, and then they get dumped on.

Speaker 1 (23:35):
Yeah, the way people are perceiving and I'm just generalizing
the crowd, but the way they view ze cash kind
of reminds me of hex from a couple of years
ago with Richard Hart and that whole like is it
a scam? Is it not a scam? And people either
loved him or hated him. That was at least, you know,
he would get on interviews and people would have polarizing

(23:57):
things to say about it. Ze cash doesn't even really
to get nearly the amount of pr and and tends
to be in the news only when its price is
doing something significant. Otherwise it's just another Grandpa privacy coin
to a lot of people.

Speaker 2 (24:15):
Sure, wow, if we can look at the MVRV free
theorem and XRP, so when it comes to ethereums mvrv
as expected, it's very similar to bitcoins.

Speaker 1 (24:27):
Short term doing a little bit worse. Average thirty day
returns are about negative eight point eight percent. That's generally
a pretty good by zone. Negative seventeen point eight percent
for long term traders, that generally is a great by zone.
So both indicate there's some justification to buy the dip
right now. Again, you know, I highly recommend waiting until

(24:51):
it's got some institutional support and those whales are starting
to accumulate, but it's still a better than usual time
according to the math, to at least dip your toes
in based solely on the fact that peers are in
so much pain in what's supposed to be a zero
sum game.

Speaker 2 (25:10):
Yeah, and this aligns with the market sentiment, right extreme
fear people giving up. In addition, you have, you know,
maybe from a technical analysis standpoint, the prices at lows,
maybe in the over soul zone. So like they say,
buy to blood into streets, but that's a hard thing
for a lot of.

Speaker 1 (25:29):
People to do exactly. That's why we like MVRV because
it actually visualizes blood in the streets if we go
to all time prices for ethereum, like, how are you
going to find where the blood in the streets is?
Based on this? You know, are you comparing it to
twenty seventeen because there's no blood Compared to twenty seventeen,
prices are up five fifty nine percent since then. But

(25:53):
it's very difficult to take a certain timeframe and just say, Okay,
now they're in pain, Okay, now they're super U four.
That's why MVRV can just snapshot you, like, how does
the zero sum game look? Because this isn't the average
person's holdings. This is just the average or the market
value over time for ethereum. We need to know how

(26:14):
your peers, who you're trading with. Whenever you make a buy,
someone's selling it to you. Whenever you're selling, someone's buying
from you. So that's really the best way to analyze
how high or how low markets really are.

Speaker 2 (26:29):
Yeah.

Speaker 1 (26:29):
Absolutely, what about XRP. XRP is actually looking similar. It's
it's the lowest of the three compared to Bitcoin and ethereum.
So thirty day returns down at negative ten point eight three,
sixty five day returns all the way down at negative
twenty point five percent. If we visualize compared to other times,

(26:51):
it's looking like a better buy zone than what we
saw at the beginning of November about a month ago,
and almost as of an opportunity as it was ten
days ago when it bottomed out all the way to
about one eighty seven or so. So all three look
like candidates to you know, at least consider dollar cost averaging.

(27:13):
And I'm saying that with a big asterisk, because if
Wales keep dumping, people are going to continue to be
in pain for a bit longer. So this is kind
of under the assumption that whales start to turn things around,
and then you're starting to get some serious justification to.

Speaker 2 (27:28):
Buy m final item here, Brian curious what's happening with
meme coins. We haven't heard anything, but you know, this
past week or over the two week past two weeks,
dose coin ETFs have been launched botyts by gray Scale
bit wise. So I'm just curious, you know, what what's
happening there, if it's all dried up or you know,
it is losing liquidity and things like that.

Speaker 1 (27:50):
Yeah, we we don't have meme coin ETF data yet,
but I am very interested to see how, you know,
the dose etf plays out and things like that. I
I don't think that there's zero activity or anything, but
you're right from the posts I've read, it's pretty minimal
right now. There just isn't much interest when meme coins
are kind of getting memed right now because they're just

(28:13):
getting so destroyed. But what I did make about a
week ago was this chart that shows the social dominance
of the top five overall non stable coins. So we're
looking at here. I could show you the formula. So
we've got bitcoin ethereum XRP, binance Coin, and Solana. That's
the numerator, and we're taking their overall discussion piece of

(28:37):
the pie of how much people are talking about them
versus the piece of the pie of dogecoin, Sibu, meme Pepe,
and trump coin. And I'm seeing a little correlation here.
When top caps are getting super high, it kind of
is an interesting bag where it means there's a turnaround.

(28:58):
It doesn't necessarily mean greedy, because people are actually more
greedy when they're talking about meme coins a lot. But
from what I've gathered, like extreme points like when we
get above here, that tends to be a market turnaround
a lot of the time, like here, even here or
even here, these are kind of tops and bottoms, and

(29:18):
then the same goes for when it's really low. So
from this is still experimental, so I'm just kind of
thinking out loud. From my perspective, high extremes tend to
mean there's a reversal. Low extremes also tend to mean
there's a reversal. What you don't when this data isn't

(29:38):
very helpful is when it's kind of in the middle.
Right now, it's kind of stuck right in the middle.
So I wish I had something very exciting to report
right now. But if you see I could share this
link for you, so you put it in the bio
Tony if you like. But if you see things going
above here or way down here, just look for highs
and lows. That's when you're typically seeing a shift in

(30:00):
the mind share of the crowd, where they're going from
talking about Bitcoin ethereum a lot to you know, dogecoin
and Sheiba and Trump a lot, or vice versa. And
that tends to be the moment when you know those
algos are selling or buying and suddenly there's a big,
big shift.

Speaker 2 (30:19):
Interesting. So, Brian, I often end our episodes by saying,
hopefully we are seeing better results in the market. The
market's going up, so I don't know if I've been
jinxing it. So I'm gonna say, I hope we don't
see higher prices. I hope we continue to go lower,
maybe the opposite.

Speaker 1 (30:36):
There you go. You'll get a ton of likes for that, Tony.
I'm sure, all right, good stuff, Brian.

Speaker 2 (30:41):
I'll see you in two weeks and we'll see you
know how the data is. But I love going through
the data and the amount of information sentiment provides, because,
like I said, I've been looking at some of these
charts every day. It's just so fascinating, especially in these
volatile times.

Speaker 1 (30:55):
Thanks Tony, always a pleasure. I'm excited a touch base
in mid December and see where we're at.

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