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Welcome to the Thinking Crypto podcast.
You're home for cryptocurrency news and interviews.

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We are continuing our series here with
our partner Santiment. I've got Brian with

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me today. We're going to go
through the crypto market, talk about bigcoin,

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all coins, and all the metrics
surrounding what's happening in the market.

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Brian, how are you doing?
Happy Friday? Awesome to catch up with

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you, Tony, Happy Friday to
you. We've got some nice price growth,

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so Santiment has a lot that we're
researching at the moment and all is

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good here. Excited for a fun
weekend. Yeah, I'm excited to dive

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into the details with you because I'm
a big believer in looking at data and

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metrics, man, because you want
to be an educated investor, not doing

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this on the fly, right,
So we want to look at the data

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and see what it's telling us.
So maybe we can start with bitcoin,

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because we're seeing a bounds today,
a bitcoin back over sixty k I think

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actually over sixty one right now.
If you could share your screen go through

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the metrics with us, please,
Yeah, let's do it. I'll start

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by just showing the past week here
of price returns and social volume of reactions.

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We see Bitcoin here down six percent
still despite the rise from the low

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fifty eight k's to mid sixty one
k's just in the past twenty four hours.

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It was down about nine percent in
the past week, so this is

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a nice rebound despite that Bitcoin is
actually still being discussed less than it was

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the prior week in this most recent
seven day stretch, So you can see

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a lot of red boxes here.
This indicates less and less interest toward these

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assets assets compared to the week prior, and really not much special happened to

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the week prior other than a lot
of market cap drops, So this is

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really just indicating there's less people overall
talking about crypto right now. And I

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think that's a product of all of
the food and people's beliefs that the rally

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has kind of come and gone that
all time high that happened in mid March.

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People don't think there's going to be
another opportunity, which in turn increases

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the likelihood of there being another opportunity. So absolutely, I was just talking

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about it on the podcast last night
where I highlighted the Bigcoin Fear and Greed

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Index, and I showed, hey, we went from super greedy, the

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greedy to neutral to now fear.
And that's a good sign when you're in

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a bull market exactly. Yeah,
you want to be in when everyone else

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is writing it off. You want
to kind of be a counter trader to

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what the crowd is thinking. Now. A lot of times the crowd is

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very mixed, and there's a little
bit of bullishness, a little bit of

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barishness, but those extreme kind of
like in mid March, when everyone was

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bullish, that was a great time
to take some profit. When everyone started

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to become verish and I say everyone
kind of tongue in cheek because that's never

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exclusively the case. But you had
the vast majority over the past three to

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five days really starting to spout a
lot of bearish narrative, and that was

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indicative that we were getting very close
to a bottom. Perhaps it was a

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temporary one, and we could still
get below sixty k again after some of

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the euphoria related to this Job's report
dies down, But overall, it looked

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to be pretty likely that we'd see
a bounce like this even without this news

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that came out today, because of
the fact that there was just so much

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negative sentiment and people writing off crypto. Yeah, and these pullbacks are healthy

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and normal building support levels, right, you're retesting supports, and you just

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zoom outing look at the history of
the bull market or bitcoins chart. During

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the bull markets, you've had sometimes
near thirty percent drops and yet it finds

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that bottom, it bounces up and
goes to new highs. Now, eventually

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there will be a blow off top. But this is where you know,

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using data from like sentiment and looking
at the charts, and you're looking at

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it holistically, you can get an
idea of what's to come next. And

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to your point of like the Fed
and the macro, I think it seems

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like the Fed, you know,
it seems like they're not cutting anytime soon.

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It's kind of hard to gauge sometimes, but inflation is still high and

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the markets have been running up,
you know, with rates going up and

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even being paused because a sense that
the Fed can't cut because of inflation.

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So we'll see how these things,
how things unfold in the coming months.

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Yeah, it's really quick on that
point. It's interesting how the FOMC report

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just came out and they left the
interest rates the same, which was kind

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of expected. In just a couple
of days after that, there's this renewed

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optimism that they will cut interest rates
come June when they have that same decision

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next month, all because the jobs
report showed a lot of stagnancy and people

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kind of attributing that to the necessity
that cuts need to happen in order to

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get things back on track in the
US economy, which has such a big

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impact on crypto. Absolutely. Now
on this chart here to you're showing I

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see Ethereum and XRP are in the
black and they're non the red. This

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is obviously looking over the past seven
days. What does that mean. Is

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it mean like it's more neutral,
you know, as far as a performance

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versus the previous week. Yeah.
Just as a clarification, so this is

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social volume up here. This is
the amount of discussion related to ethereum being

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four point six percent higher this past
week than the week prior. So it's

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good to see that they're getting a
little bit more discussion. I'm pretty sure

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for ethereum it was related to the
ETF discussions that had been going on in

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late April, the report that the
SEC was likely going to reject it.

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But you look at the price returns
they're down three point four percent in the

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past week, doing a little bit
better than Bitcoin actually, and that XRP

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is pretty much right at neutral,
down point two percent. So let's talk

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about the all coin market as a
whole. What are you seeing there?

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Obviously, the all coin market moves
with Bitcoin right for the most part.

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Bitcoin pumps liquidity flows down to the
alt But what are you seeing overall for

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the all coin market. Yeah,
let's take a look at a few of

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these. I'll open up some different
watch list segments that we have. We

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have Layer twos here, which is
one of the few that's actually up over

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the past week, largely due to
optimism the asset. It's had a very

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strong week. Meme coins are down
significantly, real world assets down. We'll

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just take a look at those three. Unless you can see any others here

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that might be of interest. I
think meme coins, layer twos and real

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world assets are perfect. Yeah,
and and there's been some timely news around

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that too. I think yesterday black
Rock their fund tokenized on I think ethereum

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it surpassed Franklin Templeton. So we're
seeing some move on interesting. Yeah,

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that certainly could have an impact on
things, but we look at layer twos.

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We can see Optimism here up twenty
two percent in the past week.

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Keep in mind, this is a
pretty small sample size of assets. We

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only have twenty two that are officially
labeled as layer twos, which is about

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right. There aren't a ton of
them. And then zk Bass here up

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fifty six percent over the past week. These two alone, along with maybe

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immutable x of ten percent and stark
Net up thirteen and a half percent.

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These are the four assets and Garment
are gaming. Excuse me I should say

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also up thirteen These five assets are
really the reason that the layer two sector

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has done pretty well. I'm especially
interested to see how far zk base can

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go because it's been on one heck
of a ary lately. And Optimism,

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if I'm not mistaken, I think
I saw it in the sentiment developer data.

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I think it was like at the
number one spot right As far as

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developer activity, yeah, let's take
a quick detour and look at the top

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ten list right now. Just to
mention how our development activity metric works.

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We look at the projects that are
seeing the most notable daily activity in terms

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of their githubs, so we automatically
exclude some of the more mundane routine things

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that happen in a GitHub, such
as you know, slack updates or an

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automated discord message that might sneak in
there, And we only look at things

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that are truly showing that there is
innovation and improvement being conducted and effort going

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into the project. But we actually
have I can show it on our tab

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here wildloads. This article is really
awesome as it kind of shows how our

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GitHub tracking works and really there are
things we look for when it comes to

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an asset seeing high development. If
they are seeing high development, it means

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that people behind the project believe the
project will be successful. Sounds implied,

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but that's a good thing, and
not all people behind projects believe that.

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Another thing is the project is shipping
out more features, hence the innovation and

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improvement they're attempting. And then most
importantly for a lot of people, they

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want to see in that high development
that it's it's indicative of less probability the

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project is going to end up being
a rug pull or some kind of exit

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scam. You don't see a team
that's just actively working on improving if they're

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planning to run for the hills and
take your money with them, right.

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That's an important fact that I think
a lot of people overlook. So just

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ten days ago we updated this countdown
for our community and we showed that there

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were several risers on this top ten
list. You can see Optimism as you

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mentioned at the number one spot,
Aardna right behind it at number two.

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Aadera has actually crossed the top three. A little less discussed than most,

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but it has risen significantly in mark
cap rank. As of late Polka Dot,

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which actually shares its repository with Kusama, so these two will always be

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paired. They're at the number four
and five spot even know a year ago

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they were actually the leaders, So
they've fallen off just a tiny bit,

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but certainly still plenty of activity on
a daily basis. Chain Link, which

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has a big community on x and
Twitter, they're at number six status at

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seven, Ethereum at eight, Internet
Computer and Cosmos round out the top the

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top ten here. So in essence, if you have these projects in your

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portfolio, it doesn't necessarily mean they're
going to be the best performers in crypto

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for the indefinite future. It simply
means these projects, notably have teams that

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are making extra effort to improve their
projects and make it a viable project to

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be part of the crypto ecosystem and
its future. So I certainly consider it

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a viable strategy to mix in some
assets that are among the top ten in

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your portfolio because they're essentially safer bets
than most to perform well. And you'll

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notice by the market cap rank,
it's not coincidental that most of these are

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top forty, top fifty projects here
because the Korean tends to rize the top.

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And if you're a project that is
actively working on keeping up with the

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times and improving, you're going to
see results long term most of the time.

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And a lot of people kind of
view it as chicken or the egg,

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like they become successful projects and then
suddenly they have a bunch of work

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done. It's usually the other way
around. They have teams that are comprehensively

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working from the get go and then
they see the results over time. Yeah,

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that's a great insight. And as
an investor, I'm looking at this

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data from sentiment and like I hold
Hbar, I have some Cardano Polkadat in

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my portfolio as well as Chainlink.
You know, I may want to look

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at optimism, right, it seems
like their team is doing a lot of

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work here, and to your point, it shows that this is not some

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rug pull fly by night project.
They're actually trying to build things. There's

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a lot of activity, So it's
one of the validation metrics that you can

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use exactly. Validation is a great
word for it. You can do your

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own research on projects you like,
but one thing that will help give you

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an extra boat of confidence is seeing
that they've got notably high development activity like

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these ten here. Awesome. Yeah, we could jump back into those those

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alf coin segments too while we're at
it, So we touched on layer twos.

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Taking a look at meme coins.
They have been pretty hammered as of

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late. Obviously the past twenty four
hours everything is looking pretty good. But

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if I go to the past week, we can see that there's more projects

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that have really dropped than projects that
have actually done well. You can say,

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see Pepe is still done okay,
but dosee coin down six percent in

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the past week. Sheiba down five
percent. The actual meme coin meme is

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notably down as one of the biggest
losers. Milady meme coin. There's some

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goofy names in here. But yeah, I mean there's a few sessions.

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There always are SPX sixty nine hundred
up significantly real smurf cat. I have

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a tough time saying these names seriously, but no, they have real investors,

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so I don't want to discount them. You can see very clearly that

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it's kind of a dropping sector at
the moment, with very little discussion.

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You can see even Pepe that's up
this past week has eighteen percent less social

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volume to it than the week prior. Yeah, it's passing because uh,

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you know, obviously we talked about
the correlation with bitcoin. As bitcoin moves,

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you know, it's the rising tide, the lips all boats. But

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when it starts to drain, you
know, liquidities flowing out also going to

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bleed as well. So I think
meme coins are bleed bleeding off of that.

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But you know, it's it's all
liquidity, so once it starts coming

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back in, these memes can run
again. But I would rather see that

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the list of all coins that we
just looked at on the developer lists actually

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move versus meme coins. But hey, that's just my opinion. I don't

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control market. We'll notice there is
not a lot of development activity among meme

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coins, almost all have none or
very slim amounts. So that's the nature

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of meme coins. They're they're there
to be speculative assets that are kind of

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crowd driven and kind of like the
the game Stop and AMC's of the world

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in equities. These are the kinds
of coins that move most notably when the

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crowd wants them to move and when
they get a large contingency of people who

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come together and either dump or accumulate
these coins, kind of like we saw

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with Dog with Hat over the past
six months, it just went on an

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incredible rise due to a ton of
support from you know, niche communities that

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decided they wanted to pump it up
for sure. And you know, I

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guess the one meme coin I saw
there on that chart was like Dose had

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like one point one percent developer activity. At least it has something exactly.

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And I do want to say there
there are probably a few githubs here that

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aren't fully connected, so there could
be some other ones that are trickling in.

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But if we did connect them their
GitHub repositories, assuming they're not here

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yet, they would be pretty slim. So keep that in mind. That

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dose coin probably is not the only
one that has more than zero. They're

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just not priorities for us because we
know they're not going to have numbers on

205
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a daily basis that look much different
than this one for doschcoin. Sure,

206
00:17:07.440 --> 00:17:11.759
awesome, Maybe you could take a
look at RWAs Yeah. Perfect. Yeah,

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the real world assets, we have
forty seven or so on this list,

208
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which is a pretty good sample size, and they give us an idea

209
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of how the sector is doing on
a daily basis. We have a few

210
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standouts like Cleima Dow of thirty six
percent in the past week, Goldfinch up

211
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fifteen percent. The highest cap that's
notable as Ribbon Finance up a little over

212
00:17:33.240 --> 00:17:38.880
seven percent. But you can see
again it's mostly just bleeding from this sector,

213
00:17:38.920 --> 00:17:45.000
even though it had been doing quite
well during March especially, and then

214
00:17:45.079 --> 00:17:51.079
everything has kind of taken a They
took a big flush in April, and

215
00:17:51.240 --> 00:17:56.000
overall the market cap is down four
percent at this time, while volume is

216
00:17:56.000 --> 00:18:00.960
actually up compared to the previous week. So it's doing a little worse than

217
00:18:02.000 --> 00:18:06.480
the average ald coin sector. But
I know that real world assets still have

218
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a heavy amount of interest, and
this could be more than like just a

219
00:18:10.680 --> 00:18:15.079
regression to the mean because of the
strong early part of the year that a

220
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lot of these assets had. Yeah, agreed, And look, I've often

221
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remind my listeners, like nothing goes
up in a straight line. That markets

222
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can just go up like a rocket
ship forever. It has to be pullbacks,

223
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building support levels and then you know, testing resistance levels and so forth.

224
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So normal. You know, when
you align this data with the charts,

225
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it just shows you see a clearer
picture. Yeah, so ald coin

226
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wise, you know, there could
be this is a good segue. Actually,

227
00:18:49.759 --> 00:18:52.480
there could be an argument that we
see a bit of a rise here.

228
00:18:52.920 --> 00:18:59.119
You can see on this chart there's
a ton of underbought signals firing off

229
00:18:59.160 --> 00:19:02.880
because they took such a hit over
the past five six weeks or so.

230
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Even though bitcoins, you know,
staying afloat up at sixty one to sixty

231
00:19:08.759 --> 00:19:12.559
two K at the time of this
recording, all coins took a pretty big

232
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beating during this time, and that's
why you see these underbot signals. This

233
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is a measurement of mid term returns
for the average traders. So we combine

234
00:19:23.920 --> 00:19:29.240
thirty day, ninety day, and
one hundred and eighty day returns of the

235
00:19:29.440 --> 00:19:33.200
average wallet for each of these assets, and the further up it is in

236
00:19:33.359 --> 00:19:38.240
grain here, that's how underbought the
asset is. If it goes below the

237
00:19:38.319 --> 00:19:41.759
zero, which there are very few
of them, that means that they are

238
00:19:41.960 --> 00:19:48.480
overbought because there have been major positive
returns toward those specific assets, so you

239
00:19:48.519 --> 00:19:53.680
know, eyeballing it. Ninety ninety
five percent of these assets clearly are showing

240
00:19:53.839 --> 00:20:00.279
underbot signals right now. And assuming
Bitcoin can kind of stabilize and range a

241
00:20:00.279 --> 00:20:03.799
little bit, I wouldn't be surprised
to see at least a little bit of

242
00:20:03.839 --> 00:20:08.680
an ald coin relief rally coming up
here in May. Oh yeah, like

243
00:20:08.720 --> 00:20:11.759
they certainly see that as well.
Many of these coins hard to bounce,

244
00:20:12.119 --> 00:20:18.880
so uh, that's a lot of
coins that are, yeah, under bought.

245
00:20:18.759 --> 00:20:26.160
Specific one europe network looks notably underbought. Very few people are discussing these.

246
00:20:26.599 --> 00:20:29.400
You'll notice the ones that are getting
the least attention are some of the

247
00:20:29.400 --> 00:20:34.000
ones that are most underbought because they've
been underperformers for so long that they've just

248
00:20:34.119 --> 00:20:40.680
kind of been left in the dust. But FRAC shares up there bela protocol.

249
00:20:41.400 --> 00:20:49.200
We've got audious clover and Chromia ethernity
chain These are a lot of assets

250
00:20:49.240 --> 00:20:53.799
way outside the top one hundred,
but they're they're not like you know,

251
00:20:55.640 --> 00:21:00.599
one thousand and lower assets either.
There's some that I guarantee a lot of

252
00:21:00.680 --> 00:21:03.559
people watching this have heard of and
they've gone, oh yeah, what about

253
00:21:03.599 --> 00:21:07.400
that asset. Well, they've been
getting crushed, which is why they are

254
00:21:07.759 --> 00:21:14.440
showing such severe underbought signals right now, indicating that mathematically there's an argument that

255
00:21:14.480 --> 00:21:19.079
they could be goodbyes if the markets
kind of stabilize out from here. This

256
00:21:19.200 --> 00:21:26.039
is great data. This is something
I need to pay more attention to see.

257
00:21:26.079 --> 00:21:30.240
What are some of these opportunities that
could jump into Definitely, Yeah,

258
00:21:30.279 --> 00:21:33.559
we can go over this kind of
chart anytime. It's one of my favorite

259
00:21:33.599 --> 00:21:41.480
models on sentiment, and everyone on
our pro membership roster has access to it.

260
00:21:41.240 --> 00:21:45.039
I know, one of the other
big things, and I know we

261
00:21:45.079 --> 00:21:48.759
didn't have it on our list.
But like AI tokens, those are bleeding

262
00:21:48.799 --> 00:21:52.920
too, right, I mean along
with the rest of the all coins.

263
00:21:52.039 --> 00:21:56.720
Yeah, yeah, not as badly
as they were in April. They're saying

264
00:21:56.720 --> 00:22:00.319
a little bit of a recovery,
and I still think there's a lot of

265
00:22:00.440 --> 00:22:06.119
argument that they can outperform most of
the sectors as we head into the summer

266
00:22:06.119 --> 00:22:11.640
of the last couple of months.
But yeah, AI, they were obviously

267
00:22:11.119 --> 00:22:17.799
the biggest story of the first quarter
of the year and then finally saw a

268
00:22:17.799 --> 00:22:23.000
bit of a retrace, expectedly because
all markets dropped. But yeah, over

269
00:22:23.039 --> 00:22:30.640
the past thirty days we see that
the vast majority have been crushed. There

270
00:22:30.680 --> 00:22:36.079
are a few exceptions. Arc Block
has almost doubled in the past thirty days,

271
00:22:36.079 --> 00:22:41.119
and it has really risen up the
rankings of AI and big data assets.

272
00:22:41.559 --> 00:22:49.440
T Fuel has actually done quite well. We have fourt Olive and Robonomics,

273
00:22:49.480 --> 00:22:52.720
just as a few others. But
you can see for the most part,

274
00:22:52.799 --> 00:22:55.920
you know, some of the big
stories of the early part of the

275
00:22:55.960 --> 00:23:03.960
year. Renders down fifteen percent,
Tense the graft down twenty percent. Interesting

276
00:23:03.000 --> 00:23:07.559
that NEAR has held up pretty well. They're about break even. I didn't

277
00:23:07.559 --> 00:23:12.759
even know Near was AI theme.
I think it's more on the big data

278
00:23:12.799 --> 00:23:18.559
side. Maybe your commenters and specify
more specifically. We've got too many assets

279
00:23:18.599 --> 00:23:22.440
where I can be, you know, an expert on every one of them,

280
00:23:22.480 --> 00:23:26.640
but I know that NEAR is in
the basket of AI and a big

281
00:23:26.759 --> 00:23:34.000
data ah. Interesting, Yeah,
so any any other data items you want

282
00:23:34.000 --> 00:23:38.119
to highlight it looks like you got
a big coin chart here. Yeah,

283
00:23:38.480 --> 00:23:42.160
I wanted to highlight how the whales
are doing, because we've talked about the

284
00:23:42.160 --> 00:23:48.799
the bearer sentiment a little bit and
how the crowd has really started to turn

285
00:23:48.880 --> 00:23:52.200
on crypto and how that can often
be a bottom signal. You want to

286
00:23:52.279 --> 00:23:59.400
kind of do the opposite of what
the regular normies and the small traders are

287
00:23:59.440 --> 00:24:03.640
are thinking at any given time,
while actually following what the sharks and the

288
00:24:03.680 --> 00:24:07.079
whales are doing at any given time. And you can see they started to

289
00:24:07.119 --> 00:24:12.519
take profit in this final week of
March here, and prices really started to

290
00:24:12.559 --> 00:24:18.319
plummet as they did. I do
think there's a bit of an overreaction in

291
00:24:18.359 --> 00:24:22.119
the price, and it maybe shouldn't
be dropping quite as much as it has,

292
00:24:22.759 --> 00:24:27.200
because you can see by the lines
I've drawn here there was clear accumulation

293
00:24:27.440 --> 00:24:33.880
that started the last couple of days
of January and during let's just say since

294
00:24:34.000 --> 00:24:40.440
January twenty eighth until now. Whilets
that hold between ten to ten thousand BTC

295
00:24:41.319 --> 00:24:47.160
have accumulated one hundred and eighty two
thousand or so more bitcoin during that time,

296
00:24:47.799 --> 00:24:52.599
and even with the profit taking that
they've done since April third. Over

297
00:24:52.640 --> 00:24:56.839
the past five weeks or so,
they've only dumped about forty thousand of those,

298
00:24:57.839 --> 00:25:03.799
so we're still in a pretty good
long term time frame here in terms

299
00:25:03.799 --> 00:25:08.279
of whale behavior, where they're accumulating
more than dumping. It's just a matter

300
00:25:08.319 --> 00:25:12.160
of perspective. Do you want to
look at the past three or so months

301
00:25:12.319 --> 00:25:18.720
or just the past five weeks,
because the former looks pretty good right now

302
00:25:18.720 --> 00:25:23.079
still in my opinion, Yeah,
for sure, it's great to zoom out

303
00:25:23.160 --> 00:25:27.039
and get the context of the macro
because in the short term, you know,

304
00:25:27.279 --> 00:25:32.839
data can not tell the whole story. And to your point here,

305
00:25:32.960 --> 00:25:36.640
even though there's a bit of a
selloff, the majority of still holding.

306
00:25:37.240 --> 00:25:41.880
And I wonder if you know some
of the selling is the ETF's rebalancing.

307
00:25:41.279 --> 00:25:45.279
Look, that's a normal thing with
ETFs, and maybe some some of these

308
00:25:45.319 --> 00:25:51.640
folks there was some outflows I think
reported by the issuers, so maybe you

309
00:25:51.640 --> 00:25:55.880
know it's a bit of that.
Yeah. I had the ETF dashboard,

310
00:25:55.880 --> 00:26:02.519
which is also available on Sentiment Prepared, and we don't have full inflow and

311
00:26:02.599 --> 00:26:07.200
outflow data for everything yet, but
we do have it for some This top

312
00:26:07.359 --> 00:26:12.559
chart here just shows the overall amount
of volume per day for the top seven

313
00:26:12.759 --> 00:26:18.799
bitcoin ETFs, and notably, we
saw a big drop yesterday. This could

314
00:26:18.839 --> 00:26:25.319
have been a good sign of capitulation
and traders on the etup side deciding they've

315
00:26:25.319 --> 00:26:30.119
had enough because markets had been bleeding
and went down fifty eight k on the

316
00:26:30.160 --> 00:26:37.720
bitcoin side, So we saw easily
the lowest amount of volume of the ETF's

317
00:26:37.759 --> 00:26:42.599
existence, at least accounting for these
top seven. Yesterday was that day.

318
00:26:44.599 --> 00:26:48.640
I'm very curious to see how it
shows at the end of today, once

319
00:26:48.680 --> 00:26:53.519
we get the Friday data going into
the weekend, We're going to see if

320
00:26:53.559 --> 00:26:57.599
it stays low or if it rebounded. I would guess it rebounded back to

321
00:26:59.279 --> 00:27:03.880
a normal level of like two to
three billion dollars because of the fact that

322
00:27:04.319 --> 00:27:07.839
markets have bounced pretty considerably. But
we'll have to wait and see. But

323
00:27:08.000 --> 00:27:15.759
I do think that this yesterday's low
volume is a pretty damning sign that there's

324
00:27:17.000 --> 00:27:22.079
some disinterested traders who are bowing out. Now. Yeah, it goes back

325
00:27:22.079 --> 00:27:26.519
to like that sentiment, right,
you know, you're the people who really

326
00:27:26.599 --> 00:27:32.960
understand the market cycles and everything are
not going to be bothered, right,

327
00:27:33.359 --> 00:27:37.960
and but those who are kind of
moving with the prices and and you know

328
00:27:37.000 --> 00:27:40.880
the emotions of it are going to
be bothered. So you know, could

329
00:27:40.920 --> 00:27:45.519
that be like the retail or some
of the investment advisors I don't know who

330
00:27:45.559 --> 00:27:48.400
are like, oh oh no,
I better dump some of this or whatever

331
00:27:49.839 --> 00:27:53.599
because for my clients or whatever it
may be. And it could be related

332
00:27:53.640 --> 00:27:57.039
to the the f OMC. There's
just a couple of days ago too that

333
00:27:57.200 --> 00:28:02.400
kind of showed that interest rates we're
not going to be cut and we'd have

334
00:28:02.480 --> 00:28:07.680
to at least wait until June.
Maybe that impacted the traders who were exposed

335
00:28:07.680 --> 00:28:11.519
to the ETFs as well, and
they decided to, you know, take

336
00:28:11.559 --> 00:28:17.440
it easy. This is really great
stuff, Brian, I love it.

337
00:28:17.480 --> 00:28:22.720
I actually need to grab this ETF
to the chart because I didn't know you

338
00:28:22.720 --> 00:28:26.920
guys had this. So I want
to book with this because this is really

339
00:28:26.920 --> 00:28:33.319
insightful. Anything else you want to
share before we wrap it up. As

340
00:28:33.319 --> 00:28:36.920
a final point, we can just
mention what's happening on the social side of

341
00:28:36.960 --> 00:28:41.319
things more granularly, and we do
see that trending words. You know,

342
00:28:41.400 --> 00:28:47.519
we have Coinbase here at number three, notably because they had a really great

343
00:28:48.119 --> 00:28:51.920
Q one earnings report that came out
overall. I think this is a pretty

344
00:28:52.000 --> 00:28:59.279
nice sign for crypto. Obviously,
the US is the most impactful economy for

345
00:28:59.440 --> 00:29:03.559
crypto, and when they have a
trusted company that is putting out positive profits

346
00:29:03.640 --> 00:29:10.920
like this, it at least adds
to their confidence that we aren't going to

347
00:29:10.920 --> 00:29:17.319
see one of or the leading exchange
in the US not having any sort of

348
00:29:17.519 --> 00:29:22.799
FTX type of collapse. You never
know for sure, but we at least

349
00:29:22.680 --> 00:29:26.680
when we see this kind of report
come out showing that they're doing very well,

350
00:29:27.680 --> 00:29:34.079
it decreases our concerns of big collapse
happening, and I think that's good

351
00:29:34.079 --> 00:29:38.400
for crypto. So that's a notable
trending word. On number three there,

352
00:29:40.359 --> 00:29:45.119
PayPal integrading with moon pay, I
think is an interesting topic. You can

353
00:29:45.160 --> 00:29:48.319
see that being mentioned at number six
and number eight. And just as a

354
00:29:48.359 --> 00:29:56.319
reminder, these top ten words are
measured by the highest percentage increase in discussion

355
00:29:56.799 --> 00:30:02.480
across social platforms compared to their normal
level of discussion. So when you see

356
00:30:02.480 --> 00:30:06.160
Coinbase, which is already talked about
a lot, showing up in our trending

357
00:30:06.200 --> 00:30:07.519
words, that means it's being talked
about a lot, a lot all of

358
00:30:07.559 --> 00:30:12.359
a sudden mm hmm, yeah,
I love I love this data because it

359
00:30:12.519 --> 00:30:18.160
gives me insight maybe as to what
you know, maybe happening, whether it's

360
00:30:18.200 --> 00:30:25.119
like coinbase stock price or coinbase doing
something major in the market, or a

361
00:30:25.119 --> 00:30:30.160
certain coins doing certain things, whether
it be price movement or partnership or some

362
00:30:30.160 --> 00:30:33.839
something like along those lines exactly.
It's a great way just to get in

363
00:30:33.880 --> 00:30:37.640
tune with what's driving the market it's
and what topics you should be paying attention

364
00:30:37.720 --> 00:30:41.960
to. M HM. And like
on the trending coins dashboard here you see

365
00:30:42.000 --> 00:30:48.559
Tether actually at number one. It
does look like there was a reported five

366
00:30:48.839 --> 00:30:53.319
billion dollar profit reported, and that's
got something to do with why it's being

367
00:30:53.359 --> 00:30:57.720
talked about a lot. And then
during any sort of bear cycle like we

368
00:30:57.799 --> 00:31:02.400
had been seeing the last five or
six weeks, you tend to see more

369
00:31:02.440 --> 00:31:07.480
interest in whether Tether is holding the
amount of funds that they say they are,

370
00:31:07.759 --> 00:31:15.279
and people question its viability as the
top stable coin. USD coin often

371
00:31:15.319 --> 00:31:18.960
gets thrown in here as well,
so I'm not surprised to see it at

372
00:31:18.960 --> 00:31:23.200
the number one spot. Notably,
we have XRP at five and bitcoin at

373
00:31:23.279 --> 00:31:30.079
six, meaning they're getting more discussion
even compared to usual and then Etherorium at

374
00:31:30.160 --> 00:31:37.039
number ten here, So all three
of those ultra big assets are are in

375
00:31:37.119 --> 00:31:40.319
the top ten at the moment,
so there is a lot of focus on

376
00:31:40.359 --> 00:31:45.839
the large caps at this time.
M Brian always great stuff. I love

377
00:31:45.920 --> 00:31:48.640
this data. I wish I had
more time, and then maybe I need

378
00:31:48.680 --> 00:31:53.680
to make time to just be going
through this and to you know, make

379
00:31:53.720 --> 00:31:59.440
better decisions on some of my investments. But you know, some of the

380
00:31:59.440 --> 00:32:02.000
things that I took away from here
very helpful, and I'll need to look

381
00:32:02.039 --> 00:32:07.920
into optimism a bit more. Yeah, I'm very interested too, and we

382
00:32:07.000 --> 00:32:13.240
might put out a report about the
project, especially considering it's been pumping and

383
00:32:13.279 --> 00:32:16.920
getting a lot of increased crowd interest. But no, I love catching up

384
00:32:16.920 --> 00:32:20.440
with you here, Tony, and
I'm looking forward to doing another one in

385
00:32:20.440 --> 00:32:23.519
a couple of weeks. And in
the meantime, you know, we just

386
00:32:23.640 --> 00:32:30.519
recommend not overreacting to any sort of
big price wings happening, because we've seen

387
00:32:31.880 --> 00:32:37.920
a lot of chopping lately. That's
kind of based on anytime people get to

388
00:32:37.039 --> 00:32:39.839
you for it, it just goes
back down, and anytime people get too

389
00:32:39.839 --> 00:32:45.960
fearful, it goes back up.
So you know, obviously the best moves

390
00:32:45.000 --> 00:32:51.000
are usually in small increments, rather
than you know, putting in money or

391
00:32:51.039 --> 00:32:55.599
taking out money that you can't afford. And it would cause you to feel

392
00:32:55.640 --> 00:33:00.359
a lot of remorse if you make
the wrong moves, for sure. Good

393
00:33:00.359 --> 00:33:02.720
stuff man, Thank you so much
for joining me. Thank you Tony.

394
00:33:02.839 --> 00:33:05.319
Until next time, take care guys,