WILL BITCOIN & ALTCOINS RALLY SOON? BITCOIN & XRP WHALES SELL!

Episode Transcript
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Speaker 1 (00:05):
Hey, everybody, Welcome into the Thinking Crypto podcast. You're home
for your cryptocurrency news and interviews. I'm your host, Tony
Edward on your weight in. Please hit that subscribe button
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Blow If you're listening on a podcast platform such as
Spotify or Apple, please leave a five star rating and review. Folks.
I want to talk about Bitcoin and the all coins,

(00:25):
how we found the bottom and should we expect to
move very soon? Bitcoin did close that one hundred and
fifteen thousand dollars CMEME gap. Now apparently there's a bit
of a CME gap at a lower price, but it
doesn't mean it has to get there. And Bitcoin is
looking strong right now. It's at one hundred and eighteen
thousand dollars, but I think we still need confirmation because

(00:46):
the market can always fake us out. And once we
get confirmation and we start breaking out, I believe the
next target is between one hundred and twenty seven thousand
to one hundred and thirty two k. It could certainly
go higher. One thing I want to highlight here is blockchain,
who's a great analyst. He's been sharing the following fractal
for a long time, and it's been playing out exactly

(01:06):
as he's shown here, because it's using a fractal from
a similar type of bull market setup, and it shows
that this pullback should be short lived and that while
it's healthy, we're going to see the start of the
next major rally for Bitcoin, and of course all coins
are going to follow. If you look at the total
three which excludes Bitcoin, Etherorem, and all coins, you see

(01:27):
there's a bit of a bounce here. We went out
of the overboughd zone and we're kind of moving sideways.
So let's see where this takes us again. It could
go a bit lower, right, We still need confirmation, but
I like what I'm seeing here. In addition, XRP also
seeing a similar bounce. Likewise, Etherorem also shown a lot

(01:48):
of strength here. In fact, it didn't really cool down
from the overbod zone. It just stayed there, pulling back
in the overbot zone, which is seventeen above on the
RSI something to think about and watch closely. Bitcoin dominance
is starting to break down again despite a cool off,
a bit of a bounce, and it's moving down again.

(02:10):
So this is very bullish for the entire market, USDT
dominance also breaking down. So let's see what this week
brings us. Maybe we see the start of the next rally, folks,
and that will be really great. And as I shared
in my newsletter yesterday, global liquidity continues to be the
lead indicator here and it shows we still got more
upside and that this market is potentially topping come October

(02:33):
into November. And on chain data from Sentiment shows us
that bitcoin whales continue to accumulate, So the thesis is
still in play and that we have more upside. Is
just the market cyclist playing out. As I've been telling
you guys, this is a very healthy pullback. Nothing goes
up in a straight line. And we're gonna watch bitcoin
closely because I believe liquidity is gonna start rotating back

(02:54):
to bitcoin and Bitcoin's going to steal the show again.
It's just what we've seen historically in how the market
plays out. Now, some news you should know about as
it relates to what could move the market. Apparently a
Satoshi era bitcoin investor cashed out eighty thousand bitcoin for
nine billion dollars via Mike Novogratz's Galaxy Digital firm. That's

(03:15):
a lot of bitcoin they sold. You know, I don't
know who this is. Could this be Ross all Break,
could it be someone you know from the Silk Road timeline.
You know, it's hard to tell, but wow, look at
the amount of bitcoin they sold. That's incredible. So we're
starting to see some of these legacy wallets come back
to life. And that's a lot of money right there.

(03:35):
Nine billion dollars. Now, that's a lot of cell pressure.
But as stated, the market absorbed it really well. I mean,
Bitcoin's holding up pretty well if you think about it,
and look at these guys taking profits. Right. This is
why I tell you, guys, if you are playing to
take profits, make sure you get a plan and that
bull markets don't last forever. Now you may say, hey,
I don't need the money now, I'm going to hold

(03:56):
for future bull markets. That's absolutely fine. I'm not against
any of that. But I want to make sure people
who are looking to make money and exit in this
bull market that they have a plan and they don't
get caught riding the train all the way down to
the bear market bottom and then they start crying right
and kicking themselves. Man, I should have taken profits. And
you see these big institutional investors. They're taking profits. Even

(04:20):
Ripples Chris Larson, he's the co founder Ripple. Apparently he
moved one hundred and seventy five million dollars worth of
XRP to an exchange. I'm not sure if it's all
been liquidated. There's a lot of speculation here, but of
course there's a lot of fun going around. Oh you
see Ripples dumping on you. But this is the man's
private XRP holdings and he's taking some profits. It looks

(04:41):
like just like the bitcoin whale is taking profits, just
like a vitalic in the folks that e theorem take
profits and different projects, right, they all take profits at
different points, and whether it's their private holdings or the
foundation or the company's taking profits to continue business operations.
So you're seeing here, folks, just these big players taking profits.

(05:04):
And I hope you are recognizing what's happening here. This
is why you need to plan and understand the implications
overall about what's happening in the market and how bull
and bear markets work in the cyclical pattern. Right, That's
what I've been sharing with you guys. So really great
again to see the market absorbing all of these things

(05:24):
and we're starting to see a bounce. Now. It's important
to note that tomorrow we have the weekly close and
we need bitcoin not to close below one hundred and
fifteen K. That would not be good. I don't think
it will, So let's see how things play out tomorrow.
Something from the macro I want to highlight, and it
reminds me of twenty twenty because Donald Trump just this

(05:45):
Friday was like, we're considering giving stimulus checks for Americans
using money brought by the tariffs. So they're looking to
give this to I think low income folks, if I'm
not mistaken. We need more details, but you know what
this means, right, It's going to bring in a lot
of liquidity into markets. Now, not everyone's going to invest

(06:06):
their stimulus check into the market, but like we saw
in twenty twenty, a lot of people did, and that's
going to help feed the retail frenzy. So we are
seeing all those signals that are flashing. Top of the
market is coming soon, coming to a theater near you, folks, right,
so just make sure you get that plan. I believe

(06:27):
the market will see a blow off top within the
next three to four, four to five months. That's my
honest opinion. Obviously, I can't call the exact top and
I'll be letting you guys know when we're in the
top zone because I will be taking my profits. I'll
let you guys know where I'm exiting the market. And
when I see that, the show is about to end,
because I see everybody's euphoric. They all think the price

(06:49):
is going to keep going higher and higher. Taxi drivers,
your grandma, your uncle, everybody is going to start getting
bullish again. I've been here since twenty sixteen. I've seen
it time and time again. This is where you're going
to have to make sure you stick to your plan
because the emotions are going to get to an all
time high, the euphoria, the greed. Right, So just again,
make sure you have a plan, folks. Quick word from

(07:11):
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(07:33):
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(07:57):
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dot com. All of the links will be in a description. Now, folks,
check this out. One of the Winklevoss twins, Tyler Winkowolz,
claims JP Morgan blocked Gemini the crypto exchange over public criticism.

(08:20):
So Tyler Winkowoss claims JP Morgan paused Gemini's onboarding after
he criticized the bank's data access fees, calling to move
anti competitive. Now, this comes as no surprise because Operation
Choke point two point zero all the attacks on Crypto
by Elizabeth Warren and Gary Ginster and their cronies was
because of the banking cartel lobbying Elizabeth Warren to do this.

(08:44):
I've often said, why would a little old grandma be
so crazy about Crypto? It's because she's getting lobbies, she's
getting paid, and she showed her cards when her and
Jamie Diamond had that hearing I think it was in
late twenty twenty three or early twenty twenty four and
both attacked Crypto. That was the reveal right there, the
fact that Jamie Diamond was partnering with her to do this.

(09:06):
And you know the Winkovas students, they've been critical about,
you know, the different banks and all the things that's
going on, and it seems there's some retaliation here. So
in a Friday post on X, Winklevoss claimed JP Morgan
retaliated after he called out the banking giants new move
as anti competitive behavior that could harm fintech and crypto firms.

(09:27):
Here's a quote. My tweet from last week struck a nerve.
This week, JP Morgan told us that because of it,
they were pausing their re onboarding of Gemini as a
customer after they off boarded US during Operation Choke point
two point zero. So this is interesting. The dispute stems
from a recent Bloomberg report that revealed JP Morgan's decision

(09:49):
to charge financial technology firms for access to customer bank data,
a move Winklevoss argued would bankrupt FinTechs that facilitate crypto purchases.
So of course JP Morgan, they don't want to give
up power, right And you see they're now jumping into crypto,
looking to launch crypto trading, crypto custody of crypto lending.

(10:09):
They want to take it over from these startups like
Gemini and Coinbase and much more. So that's been the game,
and you see all these banks, the big names entering
the market. So JP Morgan is not going to give up,
and they're going to play nasty and dirty, right so clearly,
but it's great that all this is in the open
and the US government is embracing crypto. So maybe all

(10:30):
of this being out there will pressure JP Morgan to
do the right thing. Now, look at this, a Japanese
AI firm plans to buy three thousand bitcoin over the
next twelve months. So the crypto treasury strategy trend continues, folks,
and it's not only bitcoin. Folks are adding etherorem on
their balance sheet, Solana XRP, and they're exploring other assets

(10:52):
and even baskets of cryptocurrencies. So Japanese AI firm Quantum
Solutions plans to invest in bitcoin, with a goal of
building a treasury of up to three thousand bitcoin over
the next twelve months. The decision to invest in bitcoin
was driven by the depreciation of fiat currencies, rising global
financial uncertainty, and a desire to diversify its asset portfolio.

(11:15):
The move follows a growing trend of Japanese companies adding
bitcoin to their treasuries, with several firms including Metaplanet, Neixon
and remix Point now holding a total of nineteen thousand,
six hundred and twenty three bitcoin. So this is a
global trend, and we just continue to see just huge adoption, folks.
And as I've been saying, though, there might be a

(11:35):
bit of a bubble forming here, not that all of
them are going to go out of business or there's
going to be some massive collapse, but don't be surprised
if some of these companies who have not been doing
well or the business is not very well managed. They
may have some failures in their end so I hope not,
you know, but we've seen these things before in the
traditional markets and they never end well. And speaking of

(11:59):
treasury stress, ether focused, sharp Link appoints former Blackrock executive
as co CEO. This is interesting. So Joseph Chalom spearheaded
Blackrocks foray into blockchain and digital assets, including the introduction
of a spot eth ETF. So now he's going to
work at Sharplink, which is the gaming company that recently

(12:20):
built an etherorem treasury strategy, and they added Joe Lubin
to their board. So very fascinating that a Blackrock executive
is looking to go there. Seems like a strange move,
but look, he probably knows things we don't know that
this could be maybe the micro strategy of Ethereum treasury, right,
they could be the largest, especially that Joe Lubin's there,

(12:43):
so maybe that's why he's looking to move over. But
I mean Blackrock eth treasury strategy. Amazing how things have changed.
So Chalam played a key role in Blackrocks digital assets
and blockchain initiatives, include its spot eth ETF and partnership
with tokenization firm Securitize Sharplink emerged as one of the

(13:06):
largest corporate owners of Ether, acquiring over one point three
billion dollars of the asset under its new crypto treasury strategies.
And like I said, I think this continues to This
trend continues to grow and we see more companies doing this.
It's very, very fascinating, folks. That's the news. Let me
know what you think. Leave your thoughts and comments below.

(13:28):
What do you think happens this week? Do you agree
with me that maybe this is the potential now probabilities
we're talking here that the market starts rallying this week
and at the bottom is in. But look, we need
confirmation right because the market can figures out. But let
me know what you guys think. A great way you
can support me in the podcast is by subscribing to
my free email newsletter. It's one hundred percent free on Substack.

(13:50):
Check out my book on Amazon. It's available in paperback
and digital, and my course at Mycrypto course dot com.
This is a comprehensive course that teaches you every aspect
of crypto. Check it out Mycrypto course dot com. All
the links have been a description folks, thank you so
much for watching and listening. I appreciate you all, and
I'll talk to you all later

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