Why Are Bitcoin Whales DUMPING? Bitcoin, XRP, Ethereum, ZCash Analysis!

Episode Transcript
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Speaker 1 (00:00):
And then right like two days after that, that's when
we start to see a very concerning sign where wales
and sharks are now dumping. Retail's going crazy, like they're
really accumulating horror. And then right about a week ago
it started to get a little better, but this as
we just saw on the other chart, whales and sharks

(00:21):
are still dumping.

Speaker 2 (00:27):
Hey, folks, welcome into the Thinking Crypto Podcast. I'm your host,
Tony Edward, and joining me today is Brian from Sentiment,
and as you'll know, we're going to do a deep
dive into the metrics around Bitcoin and only top all
coins to get an idea of what's happening in this
market and what may happen next.

Speaker 1 (00:42):
Brian, great to have you. Good to be here, Tony.
Markets are still kind of in the the dold rooms
right now compared to where we were last month, but
at least we're getting some steam as of the day
of our recording here.

Speaker 2 (00:56):
Yeah, it's still a chop right, It's still up and
down swings both ways, longs and shorts getting liquidated. It's
like this weird, nasty game that's happening. But you know,
as a macro investor and a long term investor. I'm
trying my best to ignore this stuff, and of course
I'm curious what the data is telling us. So maybe

(01:18):
we could start with bitcoin, you know, as far as
sentiment and how people are feeling.

Speaker 1 (01:21):
Yeah, let's take a look. It's definitely been a wild ride.
When we checked in two weeks ago, we were seeing
some hints of decline from Wales, and we'll start with
just some raw returns because things look pretty good as
of the past seven days. November started off with some
pretty big scares across markets. Bitcoin did actually dip below

(01:46):
one hundred k, getting as low as ninety eight point
nine K, before rebounding, dipping again and now showing some
signs of life, trying to make its way back to
one oh five k. As of now, it's at about
one or three point three k, up about one point
seven percent over the past seven days. Ethereum doing a
little better, trying to regain that thirty five hundred dollars support.

(02:08):
But the big stories have been some of the mid
tier large slash mid tier alt coins, you know, dose
coin getting back up ten percent over the past week,
Cardano eight, chain link eight z cash being a big story.
Maybe we'll see if there's time for us to check
really quickly on the sentiment metric for z cash, because

(02:31):
it's been fascinating to see the polarizing opinions. It's up
something like seventy ish percent over the past month, despite
the rest of markets just getting flushed down the toilet.
So the sentiment when I last checked a week ago
or so was looking super barrich. So just non believers

(02:52):
everywhere we looked, and people kind of meaning the people
who were fomoing into z cash and trying to ride
up the wave, and everyone kind of calling them suckers.
But as we know, when the mass narrative is to
make fun of the people that are buying into a trend,
happens those people making fun actually get strewed over and

(03:15):
they watch the trend continue until they end up getting
converted and they're like, all right, I guess I need
to jump into ze cash too, And that's when ze
cash ends up usually turning around. So I'm interested to
see whether that point has happened yet.

Speaker 2 (03:31):
Yeah, this this is definitely something to watch because to
your point, it's kind of an anomaly versus everything else
that's happening in the market. And it's blasting out, making
new highs and much more so.

Speaker 1 (03:41):
It's very interesting exactly. And the other big anomalies were
Polka Dot going up about the same twenty six percent
the past week, will Liberty Financial, you know, got to
give it to Trump and the team. They're just continuing
to see their coin pump up just week after week,
up thirty four percent in the past seven days and

(04:01):
then finally near up almost forty five percent in the
past seven days. So there are still plenty of coins
that are making savvy traders some money, basically looking in
places that the mainstream crowd.

Speaker 2 (04:14):
Isn't very interesting with regardless to Bitcoin. MVRV, what are
you seeing there?

Speaker 1 (04:23):
Yeah, let's start there. I'm going to find the rec tab.
Here we go. So, MVRV, as most of you know,
measures the average training returns of anyone active over a
certain period of time. So this would be the thirty
day MVRV, this would be the three sixty five day MVRV.

(04:45):
Typically we like to see both of them under zero,
indicating that the coin is undervalue relative to the zero
some game that I coin trades around at all times.
So the good news is both are under that zero
percent mark with the thirty day MVRV at about native
six and a half percent, now three sixty five day

(05:07):
just under and about native three percent. So ideally this
is the kind of setup we're looking for, and we
really haven't seen both lines in the negative range here
in any other point over the past six months, outside
of maybe this very tiny dip here in mid October,
which was a very good time to buy in hindsight.

(05:30):
So now here we are. We saw, as I mentioned,
the price go below one hundred k towards the beginning
of November. I can't remember if it was the third
or fourth, but we are still showing that the average
returns are in the negative range fourth short term and
long term traders. So if you were to buy now

(05:50):
or add on to your position, you'd be doing so
at a lesser risk compared to the average point in
bitcoin's seventeen plus year history. So I like the look
of it. Neither one of them are in like an
extreme BIY zone, but they're both at least below zero percent,
which is mathematically a good sign.

Speaker 2 (06:12):
Yeah, absolutely, to your point, I don't I can't recall
when was the last time I saw that three sixty
five day below that line. We've seen the thirty day
you know, di below that line. So it's very interesting
to see that playing out. And to your point, if
you're going according to the data, this is could be
a great buying opportunity obviously not financial advice exactly.

Speaker 1 (06:35):
And to answer that question, it looks like the last
time was that first last second week of April when
Trump paide those initial tariff announcements, which will be a
maybe we can segue into that really quick and look
at how sensitive the topic of tariffs are right now,
especially if.

Speaker 2 (06:53):
Brian we might be getting the tariff dividend STiMi checks
right correct.

Speaker 1 (06:57):
Yeah, that's actually a good point. Maybe what I'll do
rule so this this blue these blue bars are just
the overall mentions of the word tariff combined with tariffs.
H And as of now, we did see a big
spike I presume when this was announced a couple of
days ago, Sunday, Saturday something like that. And so people

(07:17):
started to hear about those stimulations, Uh, what are the
what are they called stimulation checks? Stimulus?

Speaker 2 (07:25):
Stimulus thank you, although Trump is saying dividend checks, but
you know it's stimulus.

Speaker 1 (07:30):
So yeah, exactly, so I mix up the words myself,
so stimulus or checks, we'll just put those here. And
sure enough, that same spike happened on November ninth, right
when we saw a bit of a jump in tariff discussion.
So people are very keen to the fact that that's
happening here in the US right now. And the initial reaction,

(07:52):
almost as predicted would be, price goes up a little
bit and then there's a bit of a letdown. We
did get all the way up to about one oh
six point five k or so yesterday before dropping, but
you know, I think this is kind of a netwash.
Most of the next big wave, I think is going

(08:13):
to come down to that third and final FOFC decision,
which will be coming up in about two to three
weeks or so, and from there we'll really see how
the market reacts to you know, will they or won't
they question mark that we're all kind of on the
edge of our seats for Yeah.

Speaker 2 (08:32):
I know a lot of people are saying, yeah, I
don't know, I never got my doze check or whatever
it is, and so they're not certain if this is
going to happen. But I feel if it does happen,
it could add fuel to a rally. If there is
a rally where you have retail many of them are
going to put their money into the markets, kind of
like what we saw during COVID.

Speaker 1 (08:53):
Yeah. I mean, we only have a few instances in
history as to how these stimulus checks played out for crypto,
and it's logically, you know, the people with expendable income
who don't need those stimulus checks for immediate living expenses
are going to pour them into more speculative investment decisions

(09:15):
like crypto. So I guess the question is how many
people have expendable income now versus five years ago when
those stimulus jacks were rolling in. Yeah, yeah, good point.

Speaker 2 (09:26):
I'm curious what the whales are doing, because Brian, I
have been looking at the whale wallet numbers and that's
been on the decline.

Speaker 1 (09:33):
So that has me a little bit alarmed. Yeah, and
that has not really changed. I'll just look at We'll
go last six months. We're still declining, which is a
little alarming. We haven't seen this level of sustained dumping
by key stakeholders really since April. That first week of April,

(09:54):
when even the whales were getting concerned by some of
the tariff news that was coming out. But here we are.
You know, we've we got the fo the FED rate
interest rate cut happening here at the end of April
the twenty ninth or so. And even after that, you've
seen the whales just continue to dump. That would be

(10:16):
represented by this bright green line. Overall, they've dumped about
zero point four percent of the entire supply over the
past four weeks, whereas retail has added a very small
amount because they just don't own that much. But if
you just look at it from what they owned before
versus now, the key stakeholders own about zero point six

(10:39):
percent less than four weeks ago, and the tiny little
retail traders own about oh point seventy five percent more.
So how does that matter, you may ask, Well, I'm
going to segue really quick into an insight I just
wrote last night, and it was kind of an extensive study.

(11:00):
It might be a little in the weeds, but I'll
just give you the cliff notes. This picture here, I
can get it a little bigger. That's about as maxed
out as it gets. This picture has a five color scale,
and the scale is basically green to red. It should
be pretty intuitive. Green is good. That means it's the

(11:22):
ideal set up where key stakeholders are accumulating and the
micro stakeholders, which are like zero point zero one btc
or less, are dumping. So we're looking at the total
amount held by ten to ten k wallets, the whales
and sharks who own a little over two thirds of
the entire supply, versus the micro stakeholders who barely even

(11:43):
own a quarter of a percentage at the supply. But
they're still representative of the retail slash crowd's mood and
that's why they matter here. So ideally, what we're looking
for our conditions where that green line's going up and
the red line's going down, meaning whales are accumulating from
the tiny little wellets that are panic selling. The opposite.

(12:06):
The worst case would be if the key stakeholders are
dumping and the micro stakeholders are accumulating. So you get
the idea. It goes from best to worst down here.
So what I did was I looked at the last
year of data. I didn't look at every single tiny,
little up and down movement. I looked at kind of

(12:27):
the the main trends. So whenever there was a big change,
and I'll just go through a few of them. We'll
just start here, like right after the TEARFF stuff was
starting to recover, so you can see here in yellow.
This is when the key stakeholders were kind of moving
up and down, and so were retail as they were
trying to react to everything Trump was saying about, you know,

(12:51):
one hundred and twenty percent on China. This never mind,
we'll put it on pause, so nobody knew what to
do here. And these green bars which you can faintly
see behind, and the bright colors. I know it's not
a perfect view, but you can see everything. You can
see how prices kind of declined a little bit, and
then all of a sudden, we see this trend here

(13:13):
starting right around April thirteenth. Can I make this one bigger? Yes?
I can't. That's even better. Okay, April thirteenth, right, green
line starts to go way up here, so key stakeholders
begin to accumulate, and what do you know, look at
what prices are doing as retail is dumping like crazy.
Retail is basically going on X and Reddit and Telegram

(13:37):
and saying don't buy into it. Trump's gonna come out
with more tariff news soon. And he's going to plunge markets,
you know, market manipulation, this and that. So retail is
spamming all this Bearess stuff and they're selling off. So
they're staying true to what they're speaking about and selling
off their coins here, and the whales and sharks are going, okay,

(13:57):
we'll take your coins, we'll go and contell need to
accumulate from all the smaller wallets out there. And the
price rally just exploded almost immediately over that next month,
and then we see a weird moment where whales go
up a little bit. They're moving down here and then
they go up, but retail also starts to say, okay,

(14:18):
now I need to start buying in again. Clearly we're
in a bull market again, and that's when prices move
back down. Then they start to take profit again. Retail does,
and whales continue to accumulate. Price didn't really do much
during this segment. You get the idea, I'm not going
to go through every single one of these. This was
our big red zone here where you start to see

(14:40):
a tipping point after the then all time high in
mid July. Whales and charts are clearly starting to dump
here while retail is trying to buy every dip. That's bad.
We don't want to see that kind of combination happening.
So prices are starting to decline. One more little pickup,
one more declined. You get the idea. This as our
last green zone from mid September to early October, and

(15:05):
that's when we had our last all time high, right
around October sixth, and then right like two days after that,
that's when we start to see a very concerning sign
where whales and sharks are now dumping. Retail's going crazy,
like they're really accumulating hard. And then right about a
week ago it started to get a little better. But this,

(15:28):
as we just saw on the other chart, whales and
sharks are still dumping. Even though retail is at least
more flat now and they're not in super foamo mode.
This green line still matters the most, and we need
to see whales and sharks begin to accumulate again because
history shows, based on this correlative color coding chart I

(15:49):
put together, most of the time you know this is correct.
When key stakeholders are accumulating and micro stakeholders are dumping,
that's when you see prices going and when the opposite.
It's true that's when prices tend to decline, and it
was very true during this last red zone, and it's
still kind of looking a little hazy year when we're

(16:10):
in an orange zone, which is you know, basically a
two out of five on the bullet scale. Yeah, I'm hoping.

Speaker 2 (16:20):
These trends flip, Brian, that retail starts panicking again for
whatever reason. And you know, the whales started accumulating because
one of the things I was looking at, I zoomed
back out to Q two of twenty twenty four when
you had the big bider rum or sell news event
for the big Poin ETF launch, and you see a big,

(16:40):
massive sell off there and it took a while for
the market to pick back up. Now, it didn't mean
the bullmarkt was over, but at this stage in the market,
if they keep dumping, it could be a signal that
the bullmarket's over. But you know, we'll have to wait
and see. Unfortunately, don't have a crystal ball exactly.

Speaker 1 (16:58):
Yeah. I mean, prices have kind of gotten to where
they are through the huge injected capital from black Rock
in some of these big institutions that pour money in
micro strategy, but we don't realize that as soon as
they start to pull out some of their money, there's
just the whole foundation of what got us to the

(17:22):
prices we got to start to get threatened, and the
tipping point can be at any moment, because suddenly it's
the mid tiers and the low tier traders that have
to prop up prices and they just don't have the
capital for that. So, like you said, whether it's this

(17:42):
year or looking at previous years, when you see this
hesitance from institutionals and whales and sharks to continue to
put money in it, really it becomes apparent how quickly
things can collapse. And I'm not going to say, based
on this trend alone that we're about to see some crash.
You know, we can't predict the future, but we do

(18:04):
typically see prices start to fade if you know, the
millionaires and the billionaires out there decide they want to
take a breather from crypto. What are open interests looking
like for bitcoin? Yeah, great question. So we're going to
look at the past six months of open interest data

(18:25):
for bitcoin and generally, when this blue line is going up,
that's a sign that you know, those leveraged in margin
trades are getting more and more prevalent, and people are
taking more risks. But with those higher risks, that typically
means we're more prone to collapse because it's a lot

(18:48):
of lungs out there that are typically getting higher higher,
and when you see them like especially above this line
here or so, as we saw two, three, four time,
or so even if we move it down here so
we can include this one, these are the times where
it's just a little bit too high, like above forty
billion or forty yeah, forty billion, naturally forty billion dollars

(19:13):
in open interest is it seems to be the threshold
where we see it collapse whenever that happens, and it
happened here here, sort of here and here and here,
So right now we're starting to go up a little bit,
and that's a little bit concerning. Consider forty billion to
be kind of the more recent danger zone. I'm interested

(19:36):
to see just how greedy people can get without bitcoin
really able to rally and get above even one of
five K, one ten k. Recently, it seems like people
are really trying to buy any dip they can, which
is a little bit of a concern. We want to
see open interest kind of stay low like it did

(19:57):
back in June when nobody really what was going on
with the terror still and then all of a sudden
we get that explosion and then the open it just happens.
So that's what I'm seeing there.

Speaker 2 (20:07):
Interesting, So you mentioned that forty million dollar mark has
been kind of the ceiling so to speak, or a
trick billion. Yeah, oh billion, excuse me? Interesting, Okay, I
wonder why that is that number, but.

Speaker 1 (20:23):
I mean it's it's pretty arbitrary. There's no reason that
that number, that round number is some sort of top.
But just based on the last call it six months
or so, that tends to be around the part where
we're getting a signal that the greed is getting a
little too prevalent. So I just kind of look at
it that way.

Speaker 2 (20:43):
I'd say, got it, got it, that makes sense. Can
we look at etherorem social you know, trends there and
an MVRV.

Speaker 1 (20:52):
Yeah, let's look at sentiment. So while we're here bitcoined,
by the way, it did see a big, great spike
that was when we were starting to rally, and then
it calmed down after a top happened. So as usual
when you see these big greed spikes where there's like
a significant amount of positive comments compared to native comments

(21:13):
that tends to be on top so occur. It's pretty reliable,
and if we switch to ethereum, it should look pretty similar.
Huge greed spike, way way bigger actually then bitcoin. If
you look at the top left of my screen while
on hovering over this particular candle, it's saying that there
were about three point two bullish comments for every one

(21:35):
bearish comment on the ninth. And this was when we
saw those stimulus check announcements in some of the tariff news,
so people reacted positively. And this probably is similar for
a lot of different alt points out there where people
tried to buy a lot of dips for the more
speculative asset. It's not the ethereum speculative, but I know

(21:55):
the deeper we would go if we even went to
mean coins, there'd be a lot of big bullish spike
on this day as well. Oh absolutely, hmmm.

Speaker 2 (22:04):
And I guess to your point, around this stimulus check
announcement possibly government reopening, I guess people started getting a
bit bullish, right, yeah.

Speaker 1 (22:15):
I mean it's anything that allows investors to suddenly get
gifted some more dry capital and dry powder I think
typically leads to enthusiasm about, you know, being able to
pour more money into those speculative investments out there that

(22:36):
they've been hoping they could buy dips more on. I
just think a lot of people in general are out
of dry powder because, you know, especially since the October
sixth all time HI for Bitcoin, so many off coins
have looked like this. Ethereum is still down twenty six
percent over the past five weeks or so, so so
many dips have been bought along the way down here

(23:00):
that you know, hearing that suddenly there's another you know,
four figure check coming their way is like a breath
of fresh air for a lot of people, oh for sure.
And then e theorem MVRV. What is that looking like?
So pretty similar to bitcoin? Actually the long term is
still a bit higher than bitcoin. It's about break ethen

(23:22):
right now. Short term though, negative seven and a half percent.
That's a nice juicy MVRV that could suggest that a
dip by is is logical. Here it got all the
way down on November fourth, when we dipped almost full
of three thousand dollars. You can see on the top

(23:42):
left of my streen it got all the way down
to like negative twenty one percent, and really anything below
like negative fifteen is like an extreme bizone in most cases,
like you can see here, great dip by spot, great
dip by spot here, really great dip by spot back here.
So most of these times, when the orange like that's

(24:03):
below negative fifteen, that's like a telltale signal that you
can at least temporarily take advantage of and go long
and make some profit. Because there's so much retail paint
out there, average wallets are just getting brutalized anytime the
mvr V is showing such a low figure here.

Speaker 2 (24:26):
So it's very much like a bitcoin right now, where
it's both well the three sixty five is, you know,
right above there. But yeah, but it's like they're both
on the decline, which is good unless it's the top
of the market, that's right, and we're wrapping it up.
But obviously this is just one factor, but it could
be a great entry point.

Speaker 1 (24:47):
Yeah, exactly. And really the more a coin has been struggling,
the deeper down you should see those mvrvs. I'm curious
how XRP looks. Yeah, it's actually not because of the
fact that it had such a huge spike back here
in mid July. There's still so much profit from some

(25:08):
wallets that the MVRV, even after this long decline going
back almost four months now, the price has dropped a
little about thirty two percent since then, so you would
think that the MVRV is even lower. But this was
just such a strong rise that there may need to
be just a tiny bit more pain even though long term,

(25:30):
you know, we had santimate believe in XRP, just like
we do with the theory and a bitcoin. I know
some people think we have something against XRP. We've just
been seeing signals not quite look bullish enough to suggest
like a big dip by and so far we've been
kind of right. It's every episode we have Tony, we
talk about how XRP still has so much profit here,

(25:52):
and it's finally at least at that point where they're
both in the negative range. As you can see they
were a week ago. That was when there was an
dip by our opportunity, and prices did jump since last
week about ten percent or so, so we are at
least on the upswing, and the mvr vs are suggesting
we could still be on an upswing. It's just not

(26:14):
quite as bullish of a signal as it is for
bitcoin out of theory and yet Yeah.

Speaker 2 (26:19):
And you know, it's funny because you mentioned how overextended
it was earlier this year, and sometimes it takes a
while for the sentiment, like if they're still greed out
there and to reset, it needs to get to fear
and then you see maybe the next rally. It's the
cyclical path aspect of this market, right exactly, well said,

(26:40):
So as far as sentiment for XRP, any spikes or
you know, are people feeling a bit? I know Ripple
had their Swell conference recently. There were some announcements, so
I'm curious.

Speaker 1 (26:53):
Yeah, like we said on the night, most health coins
had this big bullish speck because of stimulus checks. I
don't know when that conference happened exactly. The last big
bullish spike we saw it was back on about two
ish weeks ago. Since then, though, it's been kind of
up and down. I don't see too much out of

(27:13):
the ordinary for XRPID. Well.

Speaker 2 (27:16):
I guess that's good, right for looking for the bottom,
so to speak, at a local bottom before a next
major rally.

Speaker 1 (27:23):
It's good. We don't want to see too much greed.
From a sentiment standpoint, the best outcome, our best setup
is if you personally are bullish on something, but the
rest of the crowd thinks the exact opposite. I know,
it seems like that shouldn't be the case, but time
after time, like we've seen, when the vocal majority is

(27:46):
extremely bullish on something, like they were here that September
eighteenth or so, that's when you want to get out.
And when they're extremely barisshed, like they were on the
tenth or eleventh when Trump had that temporary announcement of tariffs,
it's when you want to get in and you don't
want to be going along with whatever you're trading groups
and the you know, the big gurus on x and

(28:10):
Reddit and Telegram are telling you you want to follow
your own path and hope that everyone else stincks that
that coin that you like is a poor investment. Yeah,
for sure.

Speaker 2 (28:20):
And obviously you got to use data like this right,
which you guys provide to navigate and not the feelings,
not the emotions, not the hype from the crowd and
all that. But what is the data actually saying, Because
sometimes you may be just seeing a sliver of things,
and you can misjudge the market. But if you're getting
an aggregate like like this is pulling in, you know,

(28:40):
it's it's better to base your decisions on the data so.

Speaker 1 (28:44):
You're more informed. Yeah, exactly interesting. So I guess, you know, Brian,
I don't know.

Speaker 2 (28:51):
Maybe we can look at the sentiment for z cash
since that's been going bonkers.

Speaker 1 (28:54):
Yes, thanks for reminding me.

Speaker 3 (28:56):
So for z cash, like I said, you got a
price rally that looks absolutely parabolic for the last call
it month and a half or so, six seven weeks.

Speaker 1 (29:10):
But where's the sentiment excitement? Why is the sentiment over
the past two weeks going like this, you know, or
even the past four weeks looking like this, But the
price it's just like going nuts. I mean, even with this,
I get that it's actually been on a pretty big retrace.

(29:32):
Just in the last twenty four hours or so, it's
down twenty three percent, which is pretty staggering. If we
go back to the top top four days ago, it's
down about thirty percent. So yeah, I get that it's retracing,
and it makes sense that over the last four days
or so, sentiment's going to decline, But it never really

(29:52):
got super euphoric. Maybe there was this big spike at
the very bottom, but outside of that, like as soon
as the rally started, it's just nothing but non believers
across our timelines for people going like, don't fall for
z cash. It's just an ancient dinosaur coin that's been

(30:13):
around for a decade. It doesn't do anything special. Try
this coin instead if you like privacy. That's all I've
been saying, and I'm sure it's similar for you doing Yeah.

Speaker 2 (30:21):
Yeah, a lot of people fading z cash, and you
know a lot of people are sidelined, and you know,
cryptos tribal. If their coin is not pumping and something
else is pumping, you know, people start getting upset. But
you know, I've seen in this market, every dog has
its day, and I don't think people recognize that, right.
And sometimes even the coins you haven't heard about for
a long time, they don't have a ton of social mentions,

(30:44):
they start waking up, you know, depending on what the
whales and market makers are doing. And you can't, I
often remind you you can't. It's not possible to hold
every coin like, so sometimes people like oh Man Eddie
start foam mowing and I'm like, it's not possible to
hold every coin. You know, you gotta take your bed
and be patient and don't go crazy and fomo and

(31:05):
get jealous about another coin that's pumping exactly.

Speaker 1 (31:08):
I mean, this even happened to Ethereum, the number two
asset in crypto about a year ago. We were having
a video and I was like telling you, I don't
know why, but everyone suddenly just hates Ethereum and they
think that this underperformance is going to last forever. And
that's telling me that we're going to at least see
some sort of relief rally for a few months. And

(31:30):
suddenly Ethereum doubles over the span of like two three
four months in the middle of this year, and suddenly
people forgot about how bearished the average Joe was toward
Ethereum just one year ago. And I remember the same
thing for XRP.

Speaker 2 (31:47):
There were a lot of people saying, I see the
SEC is not going to end the lawsuit. It's going
to drag out. This coin sucks. So it's almost like Brian.
When the sentiment flips to anger and fear against a coin,
then the market does the opposite of the which we've
talked about that that's been like a Maco theme, right.

Speaker 1 (32:03):
Yeah, like nine out of ten times exactly. It's not perfect.
There's going to be those exceptions where the news actually
is that big of a deal, right, But most of
the time those news headlines are just there to sway
you a bit, And the media has a lot of
control over how big of a deal they choose to
make some of these stories, or even Trump in the
White House themselves, you know, say what you will, whether

(32:26):
you're pro or anti Trump, like they they are going
to decide how sensationalized a story is going to be.
Some people believe the tariffs are completely manufactured for market manipulation.
I'm going to keep my opinion and you can keep
your opinion out of that. But depending on how the
market reacts, you know, Trump and the administration are going

(32:48):
to pay attention to that and then adjust accordingly to
you know, how much things go down or up, because
they don't want to freak people out too much. And
a lot of these media fabricated stories or just sensationalized
stories are there to cause some chaos to an extent,

(33:10):
and they do.

Speaker 2 (33:12):
Oh absolutely, and uh it's crazy times Man and Brian
as always. You know, I hope next time we meet
we're in better market conditions where things are on the
rise again and we end the year maybe you know,
with a major rally, but fingers crossed. There's no guarantees there, folks,
and we got to continue to look at the data

(33:33):
and see what happens, and hopefully the key thing that
you know, I'm watching is the whale wallets right for bitcoin,
that that starts plateauing and reversing.

Speaker 1 (33:43):
Right, That's that's my number one signal I'm watching right now.
I definitely recommend following what the whales and shots are doing.
And you know, two weeks from now we might be
prepping for Thanksgiving with some good news for everybody, So
for sure, thank you so much, Brian Jars, Thank you

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