Speaker 1: Exactly. And really, the further the separation goes here between
Speaker 1: bitcoin and gold, the more encouraged you should be of
Speaker 1: an inevitable bitcoin run, especially because so many people are
Speaker 1: flocking out of crypto right now, that just increases the
Speaker 1: likelihood of an eventual catch up because those people who
Speaker 1: are flocking out, where are their coins going. They're mostly
Speaker 1: going toward key stakeholders.
Speaker 2: Hey, folks, welcome into the Thinking Crypto Podcasts. You're home
Speaker 2: for cryptocurrency news and interviews and joining me today is
Speaker 2: Brian from Sentiment and we are going to do a
Speaker 2: deep dive into the metrics round bitcoin and the top
Speaker 2: all coins to get an idea what's happening in the
Speaker 2: crypto market. And if Brian, you should leave crypto and
Speaker 2: go to precious metals.
Speaker 1: Yeah, Cliff notes the answers, No, I don't believe that
Speaker 1: we need to go anywhere, And I'd say that whether
Speaker 1: I was working for a crypto company or not, I
Speaker 1: think we do have a lot of people who are
Speaker 1: pretty impatient and agitated right now by the lack of
Speaker 1: fun crypto has provided for a couple weeks now. The
Speaker 1: month started off great. If you remember the first week
Speaker 1: of January, it was like, Oh, we're finally awake again,
Speaker 1: and now we're kind of back to this sideways slumber
Speaker 1: and waiting for crypto to catch up to gold and silver,
Speaker 1: which has been the huge talk this week in particular.
Speaker 2: Well, yeah, look, gold is a shiny object, so is silver.
Speaker 2: But man, don't you got to be careful because you
Speaker 2: look at their charts, they're going parabolic. It's green candle
Speaker 2: after green candle. And I've seen that in crypto, and
Speaker 2: usually that is a sign of watch out because everybody's
Speaker 2: getting greedy. They're lining up to buy these assets and
Speaker 2: much more, and the market always does the opposite exactly.
Speaker 1: All the fomo, as many of you have seen on
Speaker 1: your timelines, appears to be flowing toward precious metals from
Speaker 1: people who've never owned gold and silver in their lives
Speaker 1: or a mining company, what have you. They're suddenly very
Speaker 1: interested because that's where the prices have been moving up.
Speaker 1: And we've all seen the charts of early adopters versus
Speaker 1: late adopters and which side tends to do well. And
Speaker 1: spoiler alert, it's not the late adopters. It's the people
Speaker 1: who were in on the initial incline of gold and silver,
Speaker 1: and yes, they've been doing very well for a while.
Speaker 1: They've outperformed the bitcoin. Gold's up seventy ish to eighty
Speaker 1: ish percent over the past year. Silver's up i think
Speaker 1: over three x now or close to it in the
Speaker 1: past year, while bitcoin's down about ten to twelve percent
Speaker 1: depending on the timing of when you're watching this video,
Speaker 1: over the past year itself. So from what I'm seeing,
Speaker 1: the FOMO is finally hitting its peak for gold and
Speaker 1: silver because people have just had enough of waiting for
Speaker 1: big coin and which random alt coin might temporarily pop,
Speaker 1: and they're just saying, well, look at gold and silver,
Speaker 1: they've been going up for a long time. Now, clearly
Speaker 1: that's the play. Now that's the new crypto, and people
Speaker 1: are are flocking out of crypto, which historically is a
Speaker 1: good thing. That's showing that we're finally getting close to.
Speaker 2: That crowd capitulation absolutely the keyword. They're capitulation, right, and
Speaker 2: you have the herd, the crowd, you know, giving up.
Speaker 2: They're getting depressed and much more. And as we always
Speaker 2: talk about, the market always does the opposite of the
Speaker 2: herd exactly.
Speaker 1: Yeah, and we'll look at some greed and fear for
Speaker 1: crypto as well, but I figured we'd start off just
Speaker 1: by checking out the seven day returns. Also notable is
Speaker 1: the fact that Bitcoin's discussions are up forty seven percent
Speaker 1: over the past week compared to the week prior. That's
Speaker 1: not because crypto discussions were dead last week. It's because
Speaker 1: crypto discussions are way up this week for Nike reasons.
Speaker 1: People are bashing bitcoin for being a quote unquote dead
Speaker 1: asset simply for not keeping up with gold and silver.
Speaker 1: It's only down ten to twelve percent over the past year.
Speaker 1: That's not that big of a deal in crypto and
Speaker 1: can literally be made up for in a day, and
Speaker 1: that suddenly is back to neutral. But because of the context,
Speaker 1: because it shows such a lag behind precious metals, it's
Speaker 1: really getting a lot of negative discussion. Just this week
Speaker 1: with all of the all time high discussions related to
Speaker 1: gold and especially silver, which has just been on a
Speaker 1: crazy too well, I guess, a crazy one year run,
Speaker 1: but especially in the last two weeks, it's really emerged.
Speaker 2: You know, as far as the sentiment compared to you,
Speaker 2: I don't know if you have the calculator so to
Speaker 2: speak of showing you know. Bitcoin mentions are generally negative,
Speaker 2: and then with gold and silver it's positive right now.
Speaker 1: Yeah, let's take take a look at just bitcoin by
Speaker 1: itself really quick, and then I'll show a really interesting
Speaker 1: chart that compares how much discussion is going on for
Speaker 1: each sector, so just in terms of the ratio of
Speaker 1: positive versus negative commentary. It actually peaked here ride on
Speaker 1: New Year's as we suddenly saw bitcoin get back about
Speaker 1: ninety K, and then it's gradually fallen back down as
Speaker 1: prices have essentially failed to launch, and we're back here
Speaker 1: at about eighty seven point five K at the time
Speaker 1: of this recording. So nothing too major. We're not seeing
Speaker 1: any fud. It's mostly just kind of neutral, regular discussions
Speaker 1: relating to bitcoin. Overall, social volume is up for it,
Speaker 1: but it's not at a point where there's some really
Speaker 1: encouraging fud, at least on this particular chart context. What
Speaker 1: does look encouraging is the fact that bitcoin make this
Speaker 1: a little bigger Bitcoin here in blue. The actual discussions
Speaker 1: related to it, Like I said, they're pretty stagnant. Silver
Speaker 1: going through the roof right now. As you would expect
Speaker 1: with what Tony and I have just mentioned about, silver
Speaker 1: were hitting all time highs and all the hype going
Speaker 1: that way, and then gold actually kind of got its
Speaker 1: peak two weeks ago when it was making all time
Speaker 1: highs and silver wasn't doing enough to separate itself. Well,
Speaker 1: now even gold is starting to go back down because
Speaker 1: all the attention has moved towards silver. So even if
Speaker 1: you are deciding to get into silver or gold right now,
Speaker 1: this chart should tell you gold might be the better
Speaker 1: option between the two because Silver's fomo is just through
Speaker 1: the roof at the moment. But what fomo isn't through
Speaker 1: the roof is Bitcoin, which is continuing to show arguably
Speaker 1: a slight decline. I mean, especially going back to mid
Speaker 1: November when it really bottomed out and the thud was
Speaker 1: at its peak. But it's kind of fallen. If I
Speaker 1: just isolated really quick, you can see how it's kind
Speaker 1: of trickled down a little over time as more and
Speaker 1: more discussions have been cannibalized by silver and gold and
Speaker 1: other sectors out there. You know, meme coins had a
Speaker 1: run at the beginning of the year two, So Bitcoin
Speaker 1: is being a little left in the gold and silver
Speaker 1: dust if you will.
Speaker 2: Yeah, great point, and it's so fascinating to see the
Speaker 2: almost what you may say, is rotation between the precious metals.
Speaker 2: So gold obviously was ripping cool down in silver's turn,
Speaker 2: and I think I've been seeing copper or even palladium
Speaker 2: their charge are starting to run. It's very similar to
Speaker 2: what happens in crypto. Bitcoin runs. Then you get the
Speaker 2: you know all season as they will call it, exactly.
Speaker 1: And that's a good point, Tony. I mean, it's not
Speaker 1: even just gold and silver now, it's like anything tangible,
Speaker 1: especially during times of uncertainty, you know, heightened fears of war.
Speaker 1: You know, we don't need to get into the political
Speaker 1: will they won't they? And geopolitics related to tariffs, which
Speaker 1: there was good news about a week ago with Trump
Speaker 1: pulling back on the tarff threats to those eight European
Speaker 1: countries and he's working something out with Greenland behind or
Speaker 1: with NATO regarding Greenland behind the scenes at the moment.
Speaker 1: Not much specific infos come out about that, but regardless,
Speaker 1: it does. You know, just the fact that gold is
Speaker 1: going up this much, it isn't just like a random
Speaker 1: alt coin that a bunch of dgen traders, if you will,
Speaker 1: are pumping money into. This is a real tangible asset
Speaker 1: that is getting bought up by very large players and
Speaker 1: institutions as a reaction to the uncertainty of the world
Speaker 1: right now, and god forbid even a fear of war
Speaker 1: or something like that. That typically is what pumps these
Speaker 1: precious metals up. And clearly, just based on price is
Speaker 1: going up this much. I wish I had silver to
Speaker 1: show as well, and we should have that on San
Speaker 1: Bay soon. I've been talking to the devs about it.
Speaker 1: But at the very least we have gold showing. This
Speaker 1: is kind of a fear indicator in my opinion.
Speaker 2: But yeah, for sure, and we've seen this throughout history,
Speaker 2: you know, the markets where gold runs and these times
Speaker 2: of uncertainty, and you know, there's been lots of talks
Speaker 2: of like central banks have been buying gold and ramping
Speaker 2: that up. So's it's a very different time. And you know, hopefully,
Speaker 2: you know, those of us in crypto we get our turn.
Speaker 2: But I don't know how long this run lasts for
Speaker 2: these precious metals exactly.
Speaker 1: And really the further the separation goes here between bitcoin
Speaker 1: and gold, the more encouraged you should be of an
Speaker 1: inevitable bitcoin run, especially because so many people are flocking
Speaker 1: out of crypto right now that just increases the likelihood
Speaker 1: of an eventual catch up because those people who are
Speaker 1: flocking out, where are their coins going. They're mostly going
Speaker 1: toward key stakeholders, large players who want to get as
Speaker 1: many coins as possible. Obviously, Sailor is by far the
Speaker 1: most notable name. It's been well documented just how many
Speaker 1: coins he's been accumulating over the last year two years, especially,
Speaker 1: you know, micro Strategy has been memed to death over
Speaker 1: the last few months, but he's still there. He hasn't
Speaker 1: been liquidated, and he's not the only whale who's buying either,
Speaker 1: so he's In general, whales are still something to watch,
Speaker 1: and I can pull up that chart very briefly. It's
Speaker 1: been a little underwhelming. There's not been any major movements,
Speaker 1: but at the very least we can see the difference
Speaker 1: in key stakeholders here in bright green and retail and red.
Speaker 1: You can sleep see it's been a slight fade for
Speaker 1: the supply held by wallets with ten to ten thousand BTC,
Speaker 1: which we called the key stakeholder tier, and a slight
Speaker 1: uptick in retail. So it's it's kind of just been
Speaker 1: moving sideways in context here, but retail is still down
Speaker 1: a lot over the last what is it sixteen ish
Speaker 1: days that we have, and whales during that same time
Speaker 1: period are actually slightly up, So I'm not too worried
Speaker 1: unless there's a huge move all of a sudden, And
Speaker 1: I think it's actually a good sign that there's not
Speaker 1: like crazy levels of dumping, just a very small fade
Speaker 1: going on with the key stakeholders.
Speaker 2: Yeah, on the micro days, a lot of ebbs and flows,
Speaker 2: but when you zoom out you see the larger trend. Right,
Speaker 2: So last time we met, we were seeing the retail
Speaker 2: going down when we're seeing the whale investors starting to
Speaker 2: pick up. But yeah, on a micro any given week,
Speaker 2: it could be ebbs and flows there exactly.
Speaker 1: I mean, these are the big moves. Like if we
Speaker 1: have an all time high here on the fifth or sixth,
Speaker 1: depending on your time zone, and then all of a
Speaker 1: sudden you get like this crazy dump between what the
Speaker 1: twelfth and novembreth, that's the sign that we're in trouble.
Speaker 1: But since then they've actually been pretty good. And the
Speaker 1: only thing holding holding me back from getting super excited
Speaker 1: is retail is also kind of accumulating, so it's kind
Speaker 1: of that middle class that's been hemorrhaging coins to these two,
Speaker 1: I'd like to see retail start to really move down
Speaker 1: and show signs of direness and fear and frankly just
Speaker 1: being super pissed off rather than just frustrated and annoyed
Speaker 1: like I think the majority are right now. So Brian,
Speaker 1: you know, this could be a sign. Not guaranteed, of course,
Speaker 1: but maybe in the coming month or so, there's another catalyst.
Speaker 1: In addition to precious metals ripping and going parabolic, a
Speaker 1: further drives retail to capitulate, Like you're you know we
Speaker 1: were talking about earlier.
Speaker 2: I don't know if it's more terrorists, I don't know,
Speaker 2: whatever it is. You know, maybe bitcoin dumps down to
Speaker 2: seventy a k again and they're like, oh my gosh,
Speaker 2: it looks like we're going all the way down into
Speaker 2: a bear market. That's an event. The whales pick up
Speaker 2: momentum and retail you know, they're dumping.
Speaker 1: Yeah, I mean, price is usually the biggest reason. Obviously.
Speaker 1: It's usually like if price goes down, traders will attribute
Speaker 1: it to something. They might say it's Powell and the
Speaker 1: interest rates. They might say it's Trump and the tariffs.
Speaker 1: They might say Putin and the ongoing war with Ukraine.
Speaker 1: Whatever it is, price is usually the start and then
Speaker 1: people are like, oh, this is why that price is
Speaker 1: moving down. Now that subject is a big big deal
Speaker 1: to me because it's reflecting in the price. So I
Speaker 1: think you're spot on. Like sub seventy five K or
Speaker 1: something is something I've seen spammed a lot as like
Speaker 1: a key support level. It's a big round number. If
Speaker 1: we dip below that, expect this red line to really
Speaker 1: start to fall off a cliff, which would be the
Speaker 1: sign to buy.
Speaker 2: Yeah, and even though you know it's a painful thing,
Speaker 2: it's actually a good thing for the market. You know,
Speaker 2: if we are going with this thesis of whales move
Speaker 2: the market, which I do believe they are, and clear
Speaker 2: the data supports that, it would be painful but very
Speaker 2: good for the rebound and the rally to continue from
Speaker 2: there exactly.
Speaker 1: So you know, we're not saying it's definitely going to
Speaker 1: go be it below seventy five K, but if it does,
Speaker 1: I would expect behavior and the reactions to that to
Speaker 1: be the key to kind of light how the rest
Speaker 1: of twenty twenty six goes.
Speaker 2: And how does the MVRV look for a big cooin.
Speaker 1: Yeah. So actually it's looking pretty good right now, as
Speaker 1: you'd suspect with this retrace. It's gone down what prices
Speaker 1: down since the fourteenth, about nine almost ten percent now,
Speaker 1: and that's been enough to push the average trading returns
Speaker 1: for those active in the past thirty days down to
Speaker 1: about negative three point seven percent, So this is officially
Speaker 1: slightly under valued. And then the three sixty five day
Speaker 1: MVRV is down at negative twelve point three percent, which
Speaker 1: is getting back to late December levels before we had
Speaker 1: that rebound. So I like the fact that both the
Speaker 1: short and long term average returns are now officially in
Speaker 1: negative together. They're not in you know, super crisis mode
Speaker 1: like they were here in November when we saw that
Speaker 1: huge by opportunity. But we may never get to that zone. Really,
Speaker 1: the way to look at this is the lower it
Speaker 1: is below zero percent, the higher the upside is, or
Speaker 1: the less risk you have in opening a new position
Speaker 1: or adding to a current one.
Speaker 2: Oh absolutely, and I wouldn't mind seeing that go down
Speaker 2: a tad bit more obviously, not like November or even
Speaker 2: you know, the Twerff announcement crash that we had the
Speaker 2: beginning of twenty twenty five. But to your point, both
Speaker 2: being under water is such a good sign. Maybe Again,
Speaker 2: Brian's sticking to the theme here that if there's some
Speaker 2: sort of catalyst that drives big and below eighty k
Speaker 2: right and the fear is here, the price is going on,
Speaker 2: precious metals continue to rip, you have the full capitulation.
Speaker 2: These averages here continue to short and long term continue
Speaker 2: to go down. It's just a perfect setup again for
Speaker 2: like a face melting rally. You know, if those things
Speaker 2: are aligned, the stars align essentially.
Speaker 1: Exactly, and especially if for USS go down below eightyk quickly, right,
Speaker 1: because velocity matters, like eighty k by next week is
Speaker 1: a lot different than eight sub eightyk in three months.
Speaker 1: So if that happens, you'd see very low mvrvs all
Speaker 1: of a sudden, the kind of rival what we saw here,
Speaker 1: and we might have a similar buy setup. So I
Speaker 1: think you're spot on.
Speaker 2: Yeah, And there's something I was sharing with folks. You
Speaker 2: know where that price went below eighty k in November.
Speaker 2: You know, there could be like a double bottom forming
Speaker 2: before you move, and then that's like a chart thing.
Speaker 2: It's not guaranteed, but it wouldn't invalidate any structure, just
Speaker 2: be a retest of that support level that was hit.
Speaker 1: Yeah, there's some whiz kid TA traders out there that
Speaker 1: really can follow like the cup and handles and all
Speaker 1: those patterns really well, we don't follow that quite as much,
Speaker 1: but I do know that there's from the psychology perspective,
Speaker 1: there's a lot of truth to the fact that when
Speaker 1: that first bottom hits, you know, the higher low versus
Speaker 1: the lower low matters a lot. You know, recently, what
Speaker 1: January twenty fifth, just a couple of days ago, we
Speaker 1: got as low as I think it went a little
Speaker 1: like the low eighty six k's might have been the
Speaker 1: low eighty five k's. I'm kind of zoomed out at
Speaker 1: the moment. But if we go below that number on
Speaker 1: this next bottom, then we have a good argument to
Speaker 1: go all the way to eighty or seventy five. If
Speaker 1: we don't go below that bottom and then starts to rise,
Speaker 1: that could be a good sign that this bounces is legit.
Speaker 2: Yeah. Absolutely. How's etherorem looking as the you know, the
Speaker 2: top all coin.
Speaker 1: Yeah, so for ethereum, it's pretty similar right now, negative
Speaker 1: five a little over negative five or under negative five
Speaker 1: for thirty day traders and about negative nine four three
Speaker 1: sixty five. It had a nice little jump here in
Speaker 1: the middle of the month, that second week of January,
Speaker 1: but it's gotten hit pretty hard since the fourteenth, down
Speaker 1: a little more than bitcoin. Yeah, it's down a little
Speaker 1: over twelve percent since then. Pretty similar mvrvs. I don't
Speaker 1: see enough of an argument from an MVRV perspective to
Speaker 1: put one in a better bizone than the other.
Speaker 2: Good to see it's below, you know, the neutral, so
Speaker 2: that's a good sign. And how's sentiment around e theorem?
Speaker 1: So sentiment wise, pretty run of the mill. It's very
Speaker 1: similar to Bitcoin right now, just average. Most days we
Speaker 1: saw a little fomo, this would have been the sign
Speaker 1: that Ethereum is getting a bit overheated, and we dropped
Speaker 1: right after, so that worked as expected. But we're waiting
Speaker 1: for something like this like we saw when we really
Speaker 1: bottomed out in mid November, and that negative commentary was
Speaker 1: over the ratio of positive commentary, and that kind of
Speaker 1: fueled this bounce we had.
Speaker 2: And then how about XRP sentiment.
Speaker 1: XRP a little more positive. I haven't kept up with
Speaker 1: the latest news about XRP as much as some people have.
Speaker 1: I don't know if you've heard anything, but we've seen
Speaker 1: a couple of weird, isolated bullish spikes on the twenty
Speaker 1: fifth and the thirteenth that could have coincided with news.
Speaker 1: Either way, XRP has retraced quite a bit and it's
Speaker 1: back down to one eighty eight at the moment, retracing.
Speaker 1: It hit its high a little earlier than Bitcoin and ethereum,
Speaker 1: but it's dropped a little over twenty one percent since.
Speaker 2: Yeah, there have been some specific news items, but you know,
Speaker 2: to kind of like flash in the pan when news
Speaker 2: comes out, everybody's tweeting about it, and you know, you
Speaker 2: get a little bit of hype around it, but nothing sustainable.
Speaker 2: So I think that's where those spikes and sentiment are.
Speaker 1: Yeah. I mean this spike here was as big with
Speaker 1: three and a half bullish comments per one bearish comment.
Speaker 1: This was about the same as this exact top that
Speaker 1: happened back in mid September. So that's not great. There
Speaker 1: might be a little too much optimism for XRP to
Speaker 1: justify a big bounce right now. You know, we don't
Speaker 1: have any biases or bad things to say about XRP
Speaker 1: at all, and the argument for long term is still great,
Speaker 1: but I think from a short term perspective, you don't
Speaker 1: want to see quite this level of fomo that does
Speaker 1: appear a lot more prominent than bitcoin and ethereum.
Speaker 2: Absolutely, And how does XRP m VRV look.
Speaker 1: Yeah, pretty, I mean actually it looks a little better
Speaker 1: from a long perspective. It's way down at about negative
Speaker 1: twenty two percent, whereas thirty day is about the same
Speaker 1: as Bitcoin and ethereum because they had their big run
Speaker 1: a little earlier, but it was bigger of a spike
Speaker 1: like XRP really went and had a nice surge to
Speaker 1: start the year, going all the way up about twenty
Speaker 1: seven percent twenty eight percent before retracing the thirty day
Speaker 1: mild BI zone. Long term, it's in a legit BI zone,
Speaker 1: so this is this is a good sign. It looks
Speaker 1: like a slightly less risk asset compared to bitcoin and ethereum.
Speaker 1: According to MBRV, good to see.
Speaker 2: I know some people may not like this, but again
Speaker 2: I go back to you, good to see the short term.
Speaker 2: At long term MBRV below the neutral line. That's good.
Speaker 2: It means at least a setup is coming in the
Speaker 2: near term for a reversal, So let's see maybe an
Speaker 2: additional capitulation, you know, based on whatever news I don't know,
Speaker 2: and then we bottom out and.
Speaker 1: Then we start moving exactly. And I wanted to show
Speaker 1: the trending coins too, because we've had a few interesting
Speaker 1: ones that are making the rounds right now across social
Speaker 1: media according to our data. So we've got the usual
Speaker 1: ethereum and Bitcoin here, Tether's actually been number one, which
Speaker 1: is often correlated with fear. You don't see Tether talked
Speaker 1: about a lot unless people are kind of frustrated with
Speaker 1: crypto overall. They launched the US stable coin today, I
Speaker 1: think that's why, right, Yeah, so that's this appears to
Speaker 1: actually be optimistic news with a new US stable coin
Speaker 1: being launched, supported by Anchorage Digital Bank and Canter Fitzgerald.
Speaker 1: And it's also increased its gold reserves, which people are
Speaker 1: going to react positively too because they're increasing reserves and
Speaker 1: something that's been pumping like crazy. So they look really
Speaker 1: smart to the average Joe right now. I don't know
Speaker 1: whether it's going to end up smart or not, but
Speaker 1: it's been enough this news to launch Tether into the
Speaker 1: number one slot in terms of trending coins. Right now,
Speaker 1: Etherium and Bigcoin are doing their normal thing. And then
Speaker 1: I've also seen Nexso in the news a lot mentions
Speaker 1: of Nexo's investment products, loyalty program, updates, regulatory compliance, utility
Speaker 1: of the Nexo token, and they've been in the news
Speaker 1: a couple of days now. I can't quite tell, maybe
Speaker 1: it's related to some disappointment, but the bullish and bearish
Speaker 1: meter looks pretty neutral right now in terms of the
Speaker 1: crowd mood toward it, So for those of you following Nexso,
Speaker 1: this might be interesting to you. Monaro hitting its all
Speaker 1: time high what a little over a week ago and
Speaker 1: has kind of retraced a bit along with the rest
Speaker 1: of crypto since, but it's still getting a lot of
Speaker 1: attention right now and being compared to, of course, z cash,
Speaker 1: which had its big development or developer fallout a couple
Speaker 1: of weeks ago, and it's still being mentioned next to
Speaker 1: bitcoin for its privacy upsides. And then I also see
Speaker 1: Avalanche here with a potential Avalanche ETF or i should say,
Speaker 1: the launch of its first US listed spot, Avalanche ETF
Speaker 1: on Nasdaq, which is interesting. I mean, Avalanche doesn't quite
Speaker 1: get the press of like Solana and XRP or even ethereum.
Speaker 1: But it's certainly getting a lot of attention from people
Speaker 1: who may not have ever heard of Avalanche or never
Speaker 1: really paid much attention to it because of the ETF
Speaker 1: launch that is making the RMS right now.
Speaker 2: Yeah, I saw the news yesterday. Very interesting, man. I
Speaker 2: hope crypto can catch up to these precious metals. What
Speaker 2: is the sentiment looking like for a Solana? Yeah, good question,
Speaker 2: and maybe we could even check Avalanche too. I'm curious
Speaker 2: with the ETF what that's done. But first Solana Solana
Speaker 2: appears to be a little on the high side. At
Speaker 2: least in the last twenty four hours, there's about five
Speaker 2: and a half bullish comments per one bearish comment, so
Speaker 2: it's pretty up there. The price certainly isn't.
Speaker 1: It's down to about one twenty four at the time
Speaker 1: of this recording, so it it does tend to get
Speaker 1: some very jarring bullish spikes like back here, like eight
Speaker 1: and a half bullish comments per bearish post, and that
Speaker 1: coincided with the top as you would expect. This one
Speaker 1: coincided with the top temporarily as you'd expect. The last
Speaker 1: time I really saw people showing fud toward It was
Speaker 1: on January first, and that was when things took off.
Speaker 1: So if you're a Salona fan, wait for something a
Speaker 1: little more reasonable, at least from a sentiment perspective, if
Speaker 1: you want to buy with confidence right now, Right now,
Speaker 1: the optimism among all your peers in Solana seems to
Speaker 1: be quite high.
Speaker 2: Yeah, I know, last week they had a big announcement
Speaker 2: about a new standard for like tokenization, similar to what
Speaker 2: exists on etherorem. So I don't know if that's what's
Speaker 2: causing that spike, but it could be.
Speaker 1: Could be. I saw like a twenty four hour webinar
Speaker 1: with like the cryptoburb team and stuff, and that got
Speaker 1: a lot of positive press. But for whatever reason, I mean,
Speaker 1: Solana's marketing is doing a great job and they're constantly
Speaker 1: coming out with new initiatives, so it keeps the crowd
Speaker 1: optimism pretty high on it consistently.
Speaker 2: Oh for sure, you mentioned avas. You could take a
Speaker 2: look at that as the last one. Yeah, let's see
Speaker 2: what this ETF news has done. Interesting, Not much at all,
Speaker 2: so either it's being a little swept under the rug,
Speaker 2: but it's certainly enough to get on our trending coins list.
Speaker 2: But I see this positive spike here, but there's still
Speaker 2: a lot of negativity with it, and I would have
Speaker 2: to presume it's just because people don't care much. I mean,
Speaker 2: just in the past two weeks it's down twenty percent,
Speaker 2: but like it's tough to launch in ETF when you
Speaker 2: go back four months or so September twenty third and
Speaker 2: it's lost two thirds. If it's a market cap, I mean,
Speaker 2: Avalanche has been absolutely hammered price wise. Well yeah, yeah,
Speaker 2: and it doesn't get as much attention. It's kind of
Speaker 2: like it comes in after eth and Solana, as you know,
Speaker 2: as far as they do similar things right, so they
Speaker 2: don't they don't get as much presence, even though you
Speaker 2: know it's I think it's a solid project. And to
Speaker 2: your point, it's coming in after a Salona ETFs launch,
Speaker 2: after an e etf IS launch, and you know, those
Speaker 2: communities are large, they get a lot of partnerships and
Speaker 2: things like that, so it's pretty tough to for them
Speaker 2: to kind of break through.
Speaker 1: Yeah, I would agree. I'm also I'm noticing this huge
Speaker 1: flash crash. I know there were a handful of assets
Speaker 1: that had just insane crashes during that temporary tariff threat
Speaker 1: in mid October. That got lifted a couple days later
Speaker 1: by Trump and he worked it out with China. But
Speaker 1: this this drop was just jarring. I forgot that this
Speaker 1: happened for a few notable assets, and Avalanche was one
Speaker 1: of them. And of course a lot of fud came
Speaker 1: right after and didn't really make a difference. Avalanche has
Speaker 1: just been following its namesake, if you will, and having
Speaker 1: an Avalanche.
Speaker 2: Yeah, oh man, I am an avax soaken holder, although
Speaker 2: I don't you know, I have more ethan Salona of course,
Speaker 2: but I'm hoping it can recover and do all this cycle.
Speaker 2: But good to see if it's getting an ETF so
Speaker 2: at least that could help drive demand.
Speaker 1: Yeah. I mean there's only a few coins out there
Speaker 1: that have them, so we'll see what it can do.
Speaker 2: Absolutely good stuff, Brian, you know, as always, hopefully and
Speaker 2: the next time we meet things are in a better position.
Speaker 2: But it is what it is. And folks, if you
Speaker 2: want to check out these charts and all this great data,
Speaker 2: go sign up for Santa Man, Brian. You can get
Speaker 2: a free account where you can get access to some
Speaker 2: of these charts.
Speaker 1: Right, yeah, take take a trial for two weeks. No charge,
Speaker 1: no nothing, and if it suits you and helps your
Speaker 1: trading strategy, you know, become a member. Even memberships are
Speaker 1: quite affordable. And yeah, I appreciate the shout out on that, Tony.
Speaker 2: Well, yeah, so the links will be in a description. Folks,
Speaker 2: check it out. You want to be educated and informed
Speaker 2: as much as possible as you're navigating this market. And
Speaker 2: obviously we'll keep bringing you guys the updates. But you
Speaker 2: if you have an account, you can go pull up
Speaker 2: the data at any point and take a look at
Speaker 2: it for yourself. And you know, build your skill sets
Speaker 2: around the market understanding sentiment and movements of whales and
Speaker 2: retail and all that jazz.
Speaker 1: So be sure to check it out.
Speaker 2: Brian, Let's see, should I reverse jinks myself, you know, say,
Speaker 2: you know, maybe we'll be in the crash and oh,
Speaker 2: next time we meet and things are going to be bloody.
Speaker 1: You'll have a handful of viewers who are annoyed no
Speaker 1: matter what you predict. But you know, I think we're
Speaker 1: all kind of hoping for a little bit of a
Speaker 1: wake up call for crypto eventually, you know, whether it's
Speaker 1: news or maybe some gold and silver profits coming back
Speaker 1: into crypto. Let's hope that the month ends strong and
Speaker 1: we go into February with a little bit more to
Speaker 1: root for you.
Speaker 2: Yeah, and I hope you know, a big cattlest could
Speaker 2: be the Market Structure Bill, and we'll see how that
Speaker 2: makes its way through Congress. But we know there could
Speaker 2: be potentially a government shutdown at the end of this month,
Speaker 2: so you know, maybe that's a catalyst that drives things
Speaker 2: a bit lower.
Speaker 1: Yeah, that didn't I don't think it really hurt crypto
Speaker 1: the last time that happened, so maybe it could benefit well. Well,
Speaker 1: of course, try to hold off on analyzing until it
Speaker 1: actually happens. But there's there's some things to look forward
Speaker 1: to here.
Speaker 2: Well for sure. All right, Brian, good stuff catching the
Speaker 2: next one, you bet you