Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
All assets are going to fluctuate over time because it's
a zero sum game. So when you see the short
term above water and the long term well above water
here at plus twenty two percent, it's a sign that
we might be a little bit overheated. Still doesn't mean
markets can't bounce from here and go back up to
one twenty or even one twenty five k for a
(00:21):
new all time high.
Speaker 2 (00:27):
Hey, everybody, welcome into the Thinking Crypto podcast.
Speaker 3 (00:30):
Today.
Speaker 2 (00:31):
We're going to break down the data in the crypto
market about what's happening with Bitcoin, ethereum, XRP and much more.
And of course joining me is Brian from Sentiment and
we're going to go through all the metrics. Brian, great
to see you.
Speaker 1 (00:42):
Great to see you, Tony. A couple weeks of fading
in the crypto markets now, ever, since the July fourteenth
one twenty three k plus all time high that we had,
so a lot of people are starting to look at
dip by opportunities. We're seeing some evidence of that and
some increased focus on ethereum of course.
Speaker 2 (01:02):
Yeah, Bitcoin hitting one hundred and twenty three k and
then eth really started rallying XRP as well, and now
we're seeing a bit of a cool down. You know,
I look at the charts and I see things that
are in the overbought zones or natural healthy pullback. And
then of course this week you got the FMC tomorrow actually,
and you know things are going to get a bit.
(01:23):
Anytime there's some sort of FMC meeting, there's a lot
of volatility. So I'm curious, you know, maybe we could
start with bitcoin.
Speaker 3 (01:29):
What things are looking like there.
Speaker 1 (01:31):
Yeah, especially around FOMC time, I think there's been a
bit of an effective traders sitting on their hands a bit.
We're definitely seeing evidence of many people buying dips right now,
or at least discussing the prospect of buying dips. You
can see the social dominance of buy buying or bot
(01:52):
related to words related to dip or dips and anything
to do with crypto or at least bitcoin, cryptocurrency or
alt coins in general. Just to keep it easy, and
we see this is actually the social dominance we've seen
in over a month right now. We had to go
back to early May the last time we saw something
of this magnitude in terms of dip by discussions. So
(02:16):
people are considering this a dip by opportunity. If you
look at the grand scheme of things in terms of prices,
it's not all that much of a dip. But you know,
when you have so many people pouring into crypto two
weeks ago, when they hear on you know, whatever their
news source is, that bitcoin just crossed above one twenty
(02:37):
three K, of course you're going to get a whole
bunch of new people coming in, and from their perspective,
this is a big dip. We're back down in that
one fifteen to one seventeen K range. So naturally people
want to find ways to add on and try to
get their portfolios back in positive range. And I think
(02:57):
this is a pretty good sign that people see it
as a potential bounce back opportunity. I will say that
dip buys or dips in general, are usually most advised
when the crowd isn't talking about it, So this may
be a sign that it isn't time just yet. Even
(03:17):
though the retail crowd is excited about the opportunity to
buy low relative to a couple of weeks ago, you
may want to wait until there's a bit more fear
in the air, because, as we've talked about tony markets.
Typically though, the go the opposite direction of the crowd's expectations.
Speaker 3 (03:33):
Yeah.
Speaker 2 (03:33):
Absolutely, And on the regular charts, I'm seeing once again
these assets and the overbod zone and anytime, but there
we go to the opposite direction. So I think it'd
be great to look at the MVRV and what story
that's telling.
Speaker 1 (03:46):
Yeah, let's check out MVRV here really quick and see
what's going on. While I was here, I was just
looking at a sentiment and it looks about average, you know,
about one point two five to one point three foolish
comments for every one bearish comment. That's about on par
for what we've seen on average throughout twenty twenty five
for bitcoin. So people are kind of sitting on their hands.
(04:09):
I think the FOMC decision tomorrow has a lot to
do with it, where it seems as though the consensus
is that nothing will change regarding interest rates. But you know,
surprises have happened before, so people are probably being slightly cautious,
if not a bit optimistic with what we saw with
the dip by opportunity conversations going on now. In terms
(04:32):
of MVRV, thirty day traders are up an average of
one point eight percent, which is just a smidge over
even even as of course, where all assets are going
to fluctuate over time, because it's a zero sum game.
So when you see the short term above water and
the long term well above water here at plus twenty
two percent, it's a sign that we might be a
(04:54):
little bit overheated. Still doesn't mean markets can't bounce from
here and go back up to one twenty or even
one twenty five k for a new all time high,
but it means it would be doing it in spite
of the average traders already being up considerably. Generally, you
see the biggest dip buys or the biggest bounces, I
(05:14):
should say, when the mvrvs are well below zero, especially
both the short which is an orange and the long,
which is un teel, are both below zero percent, and
we last saw that in early April with Trump's tariffs
and stuff. So ideally we'd want to at least see
one of these lines get below zero percent for now.
Slightly risky if you're going to add on to your
(05:37):
position or buy more, but certainly not out of the
question for markets to continue surging, especially if some surprise
happens with the FMC decision.
Speaker 2 (05:48):
Yeah, you know, like you said, we would love to
see below zero. And maybe the catalyst is the news
tomorrow from Jerome Powell that even though the market's expecting
not really a cut, but maybe they don't, you know,
it just it's that negative news. Well, here we go again, Jerome,
they're not cutting. And then you have the kind of
the political show between him and Trump and all that.
Speaker 1 (06:10):
Stuff, right, And you know, Powell isn't paying nearly as
much attention to crypto as we are as we are
on this show. He's focused more on the S and
P five hundred and the overall economic conditions and employment
rates and overall inflation rates, things like that. So he's
looking predominantly at this line much more than the other two.
(06:31):
And the S and P five hundred is continuing to
just thrive right now. It hasn't had any massive breakout
days over really the course of July, but it's steadily
just chipped up point three two point five percent increases
every single day, and over time that's just creating more
(06:51):
and more all time highs. Here we're closing in on
a sixty four hundred dollars S and P five hundred
now for the first time ever. So this is a
pretty big deal, and it's really showing that the overall
S and P five hundred and stock market, it's not
just in the US, but throughout the world are continuing
to grow right now for the for the most part.
(07:12):
So if anything, you know, this isn't typically what they
look for when they want to cut interest rates. They
usually do it, you know, after what we saw in
twenty twenty two, which was a blood bath because we
I think overcompensated for COVID in the couple of years prior,
so eventually they had to allow for interest rates to
(07:36):
be cut again, and that's what happened. So they saw
this and they finally started to cut rates pretty significantly
in the second half of twenty twenty two. But we're
doing you know, mostly this kind of increase throughout the
stock market right now, and that's usually not when they're
going to cut.
Speaker 2 (07:52):
Yeah, that definitely makes sense. I guess we'll see how
it plays out. And you know, I think tomorrow's to
be a very volatile day. You know, folks who are
going to be watching this, you know, going to see
it on the day of of course, on Wednesday, what are.
Speaker 3 (08:07):
The wheels doing.
Speaker 2 (08:08):
I'm curious about, you know, are they continuing to accumulate?
Speaker 1 (08:12):
Yeah, so we like to take a look at the
while it's holding between ten to ten thousand bitcoin, it's
a very large sample. This group makes up about two
thirds of the supply held throughout bitcoin. Since late April,
they had been accumulating pretty rapidly up until July fifteenth,
they added up about one hundred and forty seven thousand
(08:33):
more bitcoin accumulated since that time. Over the past two
weeks or so, they have dropped about sixteen point five
k bitcoin, so they've given a bit back. They're certainly
not aggressively dumping by any means, but they are moving
downwards with their collective holdings, which is not the most
encouraging sign to justify continued rises in bitcoin's price.
Speaker 2 (08:57):
And that makes sense because bitcoin just hit a new
all time high over the past couple of weeks of
one hundred and twenty three K. So it makes sense
that some of them would take profits, especially if they
bought in that tariff crash. You know, you bought like
seventy k there's not a bad exit. And then I
don't know if you saw the news, but a Satoshi
era wallet investor hold their bitcoin. They had eighty thousand
(09:19):
bitcoin days sold via Galaxy Digital in small increments, but
they exited the market, and that's a lot of bitcoin.
So it's it's a price point where I mean, you
can't blame people for taking profits exactly.
Speaker 1 (09:33):
I mean since early April, which was now almost four
months ago, when Trump came out with the big poster
board showing the teriff rates he would be imposing on
each country, we went on just this massive run and
it almost felt like it would never end because it
was happening in spite of you know, the Iran and
Israel and US conflict and all of these other factors
(09:57):
that you would think were going to negatively impact more markets,
and they didn't. So I think people got this feeling
of almost an immunity, like no matter what's in the news,
we're just going to see prices continue to rise, and
of course eventually that turns out not to be true
and people get caught holding the bag. We haven't seen
any sort of crazy dump by any means, unless you're
(10:18):
in some volatile meme coins that have fallen off the
face of the earth. But for the most part, crypto
has done just fine since, but we are starting to
see signs of a little fading. Doesn't mean it can't
turn around, but just based on the information we know,
it's a little concerning. And regarding that big transfer, I
(10:40):
don't know if it's the same as this one on
July sixteenth, but our top token transaction table does show
just this massive, massive transfer on this particular day that
may align with that one. It was almost two weeks
ago though now, so compared to any other transfer, you know,
the next biggest was just six teen point five K,
(11:01):
which is still more money than any of us could
ever imagine. And you see a ton here around the
ten thousand bitcoin mark. But yeah, seventy seven k is
one of the biggest we've seen in a long time.
Speaker 2 (11:13):
Yeah, that's huge. So you know, this is certainly a signal.
I've been telling people that we have to watch in
addition to others, because if the whales are starting to
exit the market and this number starts to go into
a down trend, it may be signs that, look, the
top is coming.
Speaker 1 (11:30):
Soon, exactly. Yeah, we want to be a little more
cautious when we see these mega, mega whale transfers and
just the collective holdings moving down the way that they have.
Speaker 2 (11:44):
What a man, I don't know. I can't talk today, Brian,
It's all good. What about ETF inflows?
Speaker 3 (11:52):
What are those looking like?
Speaker 1 (11:54):
So in terms of ETF inflows, it's still looking pretty good.
So we had a few minor down days here at
the end of last week, but it's starting to turn
around and we've seen three straight inflow days once again. Overall,
I mean, going back to early June, especially right around
the second week, that's when we just started this huge
(12:18):
surge of money inflowing into all of these bitcoin ETFs.
Several billions of dollars collectively were moved in when accounting
for the net all of the net inflows and outflows
on these ETFs, So it's been a good sign overall.
I'm not really too worried about these three small outflows.
You can see times when there were much more concerning
(12:40):
ones like here in late May that did affect bitcoins
price oftentimes. I mean, the reason we look at these
ETF inflows and outflows is because they'll often mimic what
on chain whales are doing. Constitutionals have their hands in
both at the same time. So this is more of
just like a transparent reflection of how these huge institutionals
(13:02):
are treating Bitcoin. And for the most part, you know,
the trend at least for the past you know, three months,
going back to the tariff easing or tariff pausing, whatever
you'd like to call it, it's been overwhelmingly full of
inflows and I haven't seen that pattern really show signs
of stopping yet.
Speaker 3 (13:25):
Yeah.
Speaker 2 (13:26):
I've been watching some other charts too, showing black Rocks specifically,
like they've been buying at such a record place.
Speaker 1 (13:33):
It's pretty incredible. Yeah, here's black Rock by the way,
so we have that data. It's exactly what people are
talking about. Almost all inflows outside of a few big
drops in late May early June. But yeah, I mean, roughly,
just eyeballing this, it looks like something around forty five
(13:53):
to fifty inflow days and just three out flow days.
Pretty good ratio, you're if you're a believer in following
the smart money.
Speaker 2 (14:03):
Yeah, let's look at the etherorem obviously been showing tons
of strength lately, rallying and kind of leading to all
coin market. I'm hoping that it can break you know,
four thousand fairly soon. Maybe sometime in August. But what
are you seeing there from a sentiment as well as
holders and MVRV and so forth.
Speaker 1 (14:25):
Yeah, while we're here, I'm just going to take a
look at the amount of etheroeum held by while it's
with at least ten thousand, and they've been looking really strong,
especially since about three is weeks ago. Their percentage of
the supply held, they've added about half a percentage of
(14:47):
the entire supply, which is a ton to their wallets.
That's coming from retail. By the way, they're not just
minting and mining at all. It's coming from retail selling
and taking profits during this time. Look at it from
like just an absolute number perspective, they were holding well,
let's go back three months. They were holding about one
fourteen point eight million. Three months ago, they're holding one
(15:11):
point eighteen point sixty six million. Now they've added roughly
three point eighty seven million more ethereum to their collective
wallets when just accounting for all wallets holding at least
ten thousand ethereum, which is in the tens of millions,
I believe, or hundreds of millions. I'm trying to do
the old fifth grade math trick that we had with
(15:34):
the adding zeros, but you get the idea. These are
definitely whales, definitely huge wallets that are for the most
part continuing to rise in their collective holdings.
Speaker 2 (15:46):
And what we've seen recently is a bunch of ETHEROUM
treasury companies have come on a scene, Trump Links specifically
partnering with the ETH Foundation and Joe Lubin, I think
just this morning to get some updated numbers they've been
buying in a record. So it seems like the theorem
treasury strategy trend is growing narrative as well, so seeing
(16:07):
a lot of demand for ETH.
Speaker 1 (16:08):
Yeah, it's funny you mentioned Lubin, So I did a
quick check the other day on just the overall mentions
of you know, Sailor mentioned with Ethereum versus Lubin mentioned
with Ethereum and put him on a shared access here.
Sailor still gets a little more attention related to his
(16:29):
overall investments because he's just so transparent and vocal about
what they're doing. But yeah, you can see plenty of
talk about Lubin, especially right here on what was that yesterday,
So it's it's starting to heat up. The Lubin talks
with Ethereum investing a little bit more, so that's going
to be an interesting trend to watch as well.
Speaker 3 (16:49):
What's the MVRV look like for eth Here.
Speaker 1 (16:52):
Is where Ethereum stands, and it's as you'd expect with
Ethereum's rally going back the last couple of months, much
higher than Bitcoin. Because Ethereum's overall price is still roughly
up about something like sixty nine percent in the past
(17:13):
five weeks or so, give or take seventy percent. So
MVRV wise, short term average wallets are up about fourteen percent.
That's just short of the danger zone that we usually
you know, kind of roughly ballpark at about plus fifteen percent.
So they were in this danger zone for quite a while,
and you can see it tried to make one final
(17:35):
higher high here, and it did and then it kind
of started to fade a little, but it's still sitting
in a comfortable place just below thirty eight hundred dollars.
I would just be a little bit concerned about, you know,
the thirty day MVRV being that high and then the
long term MVRV at about plus thirty six and a
half percent. So this is this is what we'd call
(17:58):
a bit of a danger zone. Doesn't mean the price
is going to fall off a cliff, but it increases
the probability of us needing a cool down period for
Ethereum due to all of the profiting that we've seen
the last couple of months.
Speaker 3 (18:11):
Yeah, that absolutely makes sense.
Speaker 2 (18:13):
Eth has been rallying really strong, being a leader in
the all coin space, and you know, it's kind of
the rotational liquidity. So Bitcoin top right, I shouldn't say top,
but you know, hit the kind of a local top
with one twenty three k.
Speaker 3 (18:26):
It cooled down.
Speaker 2 (18:28):
Then we saw these all coins start taking off. But
then usually what happens the liquidity has to go back
to Bitcoin for the next leg up. So it could
be that Eth and these other all coins start to
drain out a bit, you know, as far as liquidity,
they go down and retest support levels, while Bitcoin steals
the show again.
Speaker 1 (18:45):
Yep, I think that's a great way of looking at it.
Speaker 2 (18:50):
How about XRP, what have you seen on that front? All?
Speaker 1 (18:55):
Right? So XRPS, MVRV, let's see what comes up here.
So kind of a tail of two different time frames.
On the thirty day side, we're at about plus eight
point seven, which does suggest there's some risk right now,
not to the level of ethereums, but it's still high
(19:15):
from the three sixty five day though it's even higher
than ethereums, not quite at the level it was in
the middle of July when it was just soaring to
nearly four dollars, but it did retrace and that brought
the mvrvs back down a little. I'm still pretty cautious though,
you know. Plus forty five percent on the long term
(19:37):
is quite high. Plus almost nine percent on the thirty
days also quite high for their respective ranges. Doesn't mean
XRP can't continue to thrive. We're believers of XRP at Santimud,
but we want to at least wait for nice setups
in theory before jumping in. And you know, even going
back to early July when things were down here more
(20:00):
we're especially in negative range like we saw in late
June when people were starting to write off XRP and
we actually went below two dollars, those are the ideal
times to buy, and not just because it went under
two dollars and that's a low number, but because the
average wallets are in deficit during this time, whereas they're
(20:20):
in profit, and the peers and the people you're trading against,
you're not all on the same team. They're the ones
who have already profited significantly when it's supposed to be
and will be forever a zero sum game.
Speaker 2 (20:36):
Interesting, and as far as sentiment, what are you seen
on that front.
Speaker 1 (20:43):
For XRP looking at the positive versus negative commentary ratio. Interestingly,
so we were quite low, a lot of negativity during
this retrace period over the past week, but it just
started to bounce up again. It looks like people might
be starting to consider a dip by opportunity now that
(21:04):
we've fallen from whatever looks like eight days ago we
were three sixty four ish now down to three thirteen,
so we've dropped roughly fourteen percent in price, and that's
been enough for people to kind of change their tune
and decide, Okay, now's the time we can jump back in.
Speaker 2 (21:20):
That makes sense, how about we jump to you Solana?
Speaker 1 (21:22):
Sure? On the Solana side in terms of sentiment, very low,
in fact, it's yeah, it's probably the lowest we've seen
all year long, which is quite surprising. It's a small sample.
We're not done with the day, but based on the
amount of comments we've had. We last saw a very
(21:45):
short term drop in sentiment during the tariffs, but that
was about it. Normally, Solana is getting at least two
to one or three to one bullish versus parish comments
across social media, and considering it's too suggests the fud
is really starting to kick in, which is actually a
(22:05):
good sign if you're a counter trader, like we suggest
so many people should be. If you're going against the narratives,
you tend to make money much more efficiently. So a
lot of people are likely selling here or giving up
on Solana after its mild dip from a little over
two hundred, it's dropped almost eleven percent since then, so
(22:26):
it's been enough to really scare a lot of people away.
It could be a good sign that you can dip
by with confidence.
Speaker 3 (22:32):
Now, Yeah, that definitely makes sense.
Speaker 2 (22:35):
And also, you know with the recent weeks with Eath
running XRP, BnB and stuff like that. It's not related
to meme coins, and meme coins have been a lot
of kind of the activity and the sentiment behind Salona.
So like when meme coins are going crazy, it feels
like Solona is pulled with it, and there hasn't been
much of that.
Speaker 1 (22:54):
Yeah, that's an interesting point because BnB, which we haven't
talked about, made its all time high, getting above eight
hundred and fifty dollars, and because it's a native token
related to the largest change in the world finance, it
doesn't get the same traction as Solana, Ethereum, even chain Link, Cardano,
a lot of these other top cap assets. But it is,
(23:18):
you know, the fifth largest market cap in crypto right now,
and it's been on such a huge run. I'm surprised
there hasn't been a little more fomo to it, but
I do see it in conversations with Solona quite a bit.
Speaker 3 (23:31):
Yeah, for sure.
Speaker 2 (23:33):
What about Swee, because that one is been performing well.
It seems to be a big narratives around it as well.
Speaker 1 (23:41):
Yes, we've been on more of a quiet run. I'm
sure some of you tracks we closely, but it's kind
of been overshadowed by a lot of what Ethereum and
XRP have done as of late. But you can see
that it topped out at around four forty maybe just
under that, and has retraced, yeah, about twelve percent, pretty
similar to XRP and Solana. It's sentiment hasn't really done
(24:04):
anything special though it kind of. It was pretty high here.
I mean, some of these spikes they look just like
the other spikes we've looked at. But if we look
at the top left of my screen where it says
positive versus negative sentiment, that's the seven point two to one.
That means when people do talk about swee it's a
little over seven bullish comments for every one bearsh comment.
(24:26):
That's massive. So Sweeze one perhaps due to being lesser known,
like people only talk about it when it's on a
run of some sort, and they tend to ignore it
when it's not. You can see right ear it was
just almost not talked about from the seventeenth to twenty
fourth that week. So that's what happens when it actually
goes down and then all of a sudden, swe goes
(24:46):
up and everyone says, hey, look told you Sweeze an
amazing investment, and you get all these very polarizing I
guess more so just you four a comments when things
are going good and and comments when things are Yeah.
I can certainly attest to that, you know, anecdotally on
social media, I only hear about it when the price
(25:09):
is rolling and then you get the sweet investors come
out and you start postings. So yeah, yeah, what about
stable coins. You know, obviously we've tracked in the past
tether dominance and things like that. A lot of liquidity
comes in and I think over the past week or so,
tether minted like over three billion USDT on whale Whale
(25:30):
Tracker on x Yeah, and I think a lot of
those are going into whale wallets, as I would assume
is usually the case. The overall supply and exchanges has
continued its long term drop, which isn't the end of
the world. I don't think that you need to have
just a massive amount of tether on exchanges to justify
(25:51):
you know that buys are going to happen. There's still
forty three percent of all tether on exchanges. And keep
in mind, when new tether is minted and it's minted
in these cold wallets, that's just going to by default
push the percent of supply down over time. And you
can see here the total supply held by whales with
at least five million dollars. This is kind of a
(26:12):
specific metric that our team put together. It's been flying
off the charts over the past five weeks so here
we were at just below fifty percent and now a
little over fifty six and a percent of the total
supply held by whales with more than five million dollars
(26:35):
is held there. So I think that's a sign that
the rich are kind of getting richer, and obviously more
coins are being minted. I think we can look at
just overall supply to total supply here, which could be interesting. Yeah,
just as you suggested, Tony. I mean you can see
here definitely a lot of minting going on. It went
(26:56):
up to about eighty three point twenty four billion after
two weeks ago being at seventy eight point two. So
the total supply has gone up almost six and a
half percent in ten days.
Speaker 3 (27:10):
Yep.
Speaker 1 (27:11):
Crazy.
Speaker 2 (27:12):
It feels like there's a loading up here from whales
to then push it into the market, and then from
the larger timeframe, I'm assuming that, Look, the supply is
supposed to go down on exchanges if it's being moved
into the assets and the asset prices are appreciating, right
the inverse.
Speaker 1 (27:29):
Yeah, that's exactly right. It makes sense mathematically that that's
how it usually goes. Yeah, USDC looked similar to I
was just doing a quick check on that. So yeah,
I mean there's no shortage of stable coins out there
right now. I know some people have a little distrust in,
you know, more stable coins just being printed at the
(27:51):
company's wins, but for now they seem to be useful
tools for the vast community to be able to make
it exchanges and swap coins effectively. It's been that way
since Teather came out in twenty seventeen.
Speaker 2 (28:07):
Yeah, and then I know there's been fud going around
for years, Like I see if anytime tether mint, they're like, oh,
they just printed out a thin air, right, that's the
kind of the meme fud going out going on. But
we have institutions now that have validated that Tether maybe
in the back of the day was not fully reserved,
but now, you know, Canter Fitzgerald, Howard Lutnik, which is
(28:29):
part of the Trump administration, came out and said just
last year.
Speaker 3 (28:33):
They have the money, we've been we've done the review.
Speaker 2 (28:36):
And then Tether CEO, you know, he's been on TV
saying they're currently partnering with a top four accounting firm
to go do that too, so they can give an
official report. And I feel like with stable coin legislation
in place, nobody can play games anymore because they're going
to get busted big time.
Speaker 1 (28:54):
That's a good point. Yeah.
Speaker 2 (28:55):
Yeah, So man, I hope in another two weeks we're
talking the market has bottomed out. Bigcoin's headed to one
hundred and thirty k plus and you know, things things
are looking on the upside.
Speaker 1 (29:09):
Yeah, it's going to be an interesting twenty four hours
going into tomorrow's decision by the FMC. But you know, overall,
we've got an administration that's behind crypto. Here in the US,
we have plenty of institutions that are still holding tight.
You know, they may not be as high as they
were two weeks ago, but they're not exactly dumping right now.
(29:30):
It's mostly just a little bit of a calm before
the next storm. So we'll see how that goes.
Speaker 2 (29:35):
Yeah, And I don't know if you guys agree with
this or you know you're looking at it, but it
feels like the blow off top may happen sometime late
this year, maybe like Q three early Q four. Obviously
we'll have to look at the data, like the whale
accumulation and if those signals are flashing.
Speaker 1 (29:54):
Yeah, and the blow offf top is not inevitable. Some
people think, oh, it's going to happen sometime this year,
better prepare. But we just have to remember the more
the crowd expects to go off top, the less likely
it is to occur.
Speaker 2 (30:07):
Sure, Brian, great stuff, and I'll see in a couple
of weeks. And like, like I said, fingers crossed that
we're headed to New Highs.
Speaker 1 (30:15):
Absolutely my friend. Looking forward to the next talk. M