Speaker 1: This isn't just a dip. It feels more like a reset.
Speaker 1: The market isn't waiting for a bounce, it's waiting for proof,
Speaker 1: and right that proof is missing. Bitcoin's been stuck under
Speaker 1: sixty two thousand dollars. ETFs are pulling money out, and
Speaker 1: traditional finance is still on the sidelines. If you're not
Speaker 1: adjusting your thinking, you're just guessing. Here's what's really going
Speaker 1: on and why. The next few days could decide whether
Speaker 1: this bear market holds or starts to crack. But first,
Speaker 1: a quick word from our sponsor. Okay, so here's what's happening.
Speaker 1: Binance longs are getting cleaned out. Bitcoin's hovering around sixty
Speaker 1: two thousand dollars. Open interest dropped right along with the price,
Speaker 1: which means the market's clearing out weak positions, not building
Speaker 1: new momentum. Bitcoin's around sixty two thousand dollars, still in
Speaker 1: a bear market. Ethereum's holding steady near eighteen seventy five.
Speaker 1: Solana is about seventy five. Total market can apps down
Speaker 1: a bit, sitting around two point two trillion. Bitcoin's dominance
Speaker 1: is still strong at fifty six percent. Defis total value
Speaker 1: locked dipped slightly stable coin supply grew a few percent
Speaker 1: in the last day, not enough fuel for a bounce.
Speaker 1: Fear and greed is flat at twenty nine. No panic,
Speaker 1: no rush to buy, just quiet waiting the takeaway. The
Speaker 1: market's not ready to move, it's holding its breath. All
Speaker 1: five tracked narratives fell over seven days. Privacy coins held
Speaker 1: up best down only a little. Monarrow is the top
Speaker 1: coin in that sector, up a few percent over seven days.
Speaker 1: Bitcoins near sixty three thousand dollars. It's been down over
Speaker 1: the past week. Not a strong move. Supports about two
Speaker 1: percent below resistance, four percent above momentums mixed. Don't bet
Speaker 1: on a rebound until we see real follow through. The
Speaker 1: full setup levels and what would invalidate this read are
Speaker 1: all in the monthly PLA Start your alpha trial at
Speaker 1: tokenmetrics dot com. Polymarket shows a sixty percent chance of
Speaker 1: a FED rate cut by November, Crypto ETF approval by
Speaker 1: twenty twenty seven about a third. Both depend on inflation.
Speaker 1: If CPI stays cool, odds go up. If the Fed
Speaker 1: stays hawkish, approval chances drop. The market isn't betting, it's
Speaker 1: just waiting for clarity the takeaway, until regulators speak the
Speaker 1: door stays cracked. Read dot pay just paused its one
Speaker 1: billion dollar USIPO now unlikely before twenty twenty seven legal issues.
Speaker 1: This isn't a failure. It's a sign traditional finance wants
Speaker 1: crypto yield. But they're not walking through the door, not
Speaker 1: because they don't want it, but because they're waiting for
Speaker 1: proof the system won't collapse. The takeaway is this, the
Speaker 1: door is still cracked, not open. Tether finally got a
Speaker 1: full audit. KPMG signed off off on its twenty twenty
Speaker 1: five books for a stable coin with three hundred and
Speaker 1: seven billion dollars in supply. That's a big deal. It
Speaker 1: doesn't fix all the risks, but it kills the joke
Speaker 1: that it might be nothing. The takeaway trust is improving,
Speaker 1: but only if people don't panic and start redeeming on
Speaker 1: a scare. The SEC canceled its Friday meeting on crypto rules.
Speaker 1: The Clarity Act got delayed. Now the Commission is pulling
Speaker 1: its own session. This isn't oversight. It's limbo. Builders are stuck.
Speaker 1: Lawyers are billing no safe harbor for tokenized equities, yet
Speaker 1: the takeaway innovation is on hold. Bit Wise is exploring
Speaker 1: turning its Salona staking ETF into an on chain asset
Speaker 1: via a partnership with Superstate. That would mean the ETF
Speaker 1: isn't just tracking the blockchain, it becomes part of it.
Speaker 1: If they file a prospectus in the next month, the
Speaker 1: trend could pick up. If not, it's just talk. The takeaway.
Speaker 1: This could be a bridge between traditional finance and critrypto,
Speaker 1: but only if they follow through spot Bitcoin ETFs saw
Speaker 1: back to back outflows about two hundred million dollars. That's
Speaker 1: the first two day drawdown of August. Bitcoin hit its
Speaker 1: lowest since early August as stocks rose on cooler PPI data.
Speaker 1: Crypto isn't writing the risk on train. ETF holders are
Speaker 1: taking chips off the table. The takeaway, this isn't noise,
Speaker 1: it's de risking all right, Before we get into the risks,
Speaker 1: quick word from our sponsor. Okay, we're back. Let's talk
Speaker 1: about what to watch for. Fear and greed has been
Speaker 1: flat at twenty nine for a week. No panic, no buying.
Speaker 1: That's not calm. It's the market holding its breath. Stable
Speaker 1: Coin supply grew less than one percent in twenty four hours,
Speaker 1: not enough new money to power a rally. Liquidity's thin
Speaker 1: redot pays IPO delayed to twenty twenty seven. SEC meeting canceled.
Speaker 1: The window for public crypto deals is closing. The real
Speaker 1: risk buyers are scared. Leverage got flushed and regulatory clarity
Speaker 1: slipped again. The takeaway this flips if Bitcoin reclaims sixty
Speaker 1: five thousand dollars and stable coin supply starts rising. Until then,
Speaker 1: this is a weight and see market. The SEC's crypto
Speaker 1: rule meeting got canceled. That's a delay on the tokenization exemption.
Speaker 1: Builders stay stuck. The thirty year treasury auction hit five percent,
Speaker 1: the highest since two thousand and one. That's pressuring risk assets.
Speaker 1: Crypto follows trad file liquidity, and a Washington court ordered
Speaker 1: KLC to block bets on the state that adds regulatory
Speaker 1: risk to prediction markets. The takeaway if more states follow,
Speaker 1: the whole space could get squeezed. We're updating the Alpha
Speaker 1: playbook with new ETF flow models, and this week's roundtable
Speaker 1: will cover tokenized ETFs and the new audit standards. If
Speaker 1: you're in the discord. For those of you who are
Speaker 1: serious about your portfolio, token metrics roundtable gives you private
Speaker 1: AI portfolio reviews, live monthly discussions, and everything in our
Speaker 1: alpha plan. Head to tokenmetrics dot com to see if
Speaker 1: it's a fit. This is educational content, not investment advice.
Speaker 1: Always do your own research. I'm Alex, See you next time.