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<v Speaker 1>Hey everybody, Welcome into the Thinking Crypto Podcasts. You're home

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<v Speaker 1>for cryptocurrency news and interviews. I'm your host, Tony Edward.

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<v Speaker 1>On your way in. Please hit that subscribe button as

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<v Speaker 1>well as the thumbs up button and leave a comment below.

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<v Speaker 1>If you're listening on a podcast platform such as Spotify

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<v Speaker 1>or Apple, please leave a five star rating and review. Folks,

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<v Speaker 1>What a crazy weekend we've had so far for the markets.

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<v Speaker 1>Of course, you all know Friday the markets crashed. They

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<v Speaker 1>dumped right because Donald Trump posted that he's going to

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<v Speaker 1>implement one hundred percent tariff on China and much more.

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<v Speaker 1>Right we know that. Well, today the man goes and

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<v Speaker 1>posts on truth social that don't worry about China, it

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<v Speaker 1>will all be fine. Highly respected President g just had

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<v Speaker 1>a bad moment. He doesn't want depression for his country,

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<v Speaker 1>and neither do I. The USA wants to help China,

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<v Speaker 1>not hurt it, President DJT. So what happened? The markets

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<v Speaker 1>started reversing, so we see bitcoins pumping. Bigcoin is over

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<v Speaker 1>one hundred and fifteen thousand dollars once again, the RSI

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<v Speaker 1>and the daily chart moving away from that over soul zone.

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<v Speaker 1>I think a lot of people who are going along

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<v Speaker 1>got wiped out. I mean, I'm seeing the stories people

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<v Speaker 1>losing lots of money. So the only way or direction

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<v Speaker 1>to go is up. Right, We've seen these cyclical patterns.

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<v Speaker 1>I've often told you it's like a pendulum. If you

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<v Speaker 1>go to the overbought, expect a correction. If you're in

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<v Speaker 1>an over sold, expect a pump. Now, I don't know

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<v Speaker 1>if we're fully out of the woods yet, right. This

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<v Speaker 1>is a lot of volativity, a lot of uncertainty. It's

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<v Speaker 1>not that the bull market's over, just in the short term.

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<v Speaker 1>Expect we could see fake outs right, another rollover to

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<v Speaker 1>test the bottoms and even go lower. I'm not saying

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<v Speaker 1>that's guaranteed. I'm not saying it's a certainty, but as

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<v Speaker 1>educated investors, we want to be prepared for all scenarios. Now,

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<v Speaker 1>many of us are spottholders. We don't use your leverage,

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<v Speaker 1>so we're not worried about this obviously. It's just a

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<v Speaker 1>matter of understanding what is coming next. And with this

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<v Speaker 1>move upwards, guys, we got two hundred and twenty five

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<v Speaker 1>million dollars, it's probably higher now of cryptos shorts getting liquidated, Guys,

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<v Speaker 1>stay away from leverage. Whether you're going long or short,

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<v Speaker 1>we're seeing both sides getting liquidated. It's a very risky game,

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<v Speaker 1>and we talked a lot about it in yesterday's podcast.

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<v Speaker 1>Now with this crash, though, what's interesting some people are

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<v Speaker 1>pulling up comparisons to the COVID crash that we saw

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<v Speaker 1>in March of twenty twenty. The pattern looks very similar.

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<v Speaker 1>So let's see could we have a V shape recovery

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<v Speaker 1>and a massive rally follow It's possible. We'll have to

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<v Speaker 1>wait and see. But some things I tweeted out about

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<v Speaker 1>today that I think seems to be a bullish setup,

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<v Speaker 1>both with macro factors and narratives. And one Trump essentially

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<v Speaker 1>backtracks or delays the China tariffs again. The US government

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<v Speaker 1>opens up because right now is shut down, The FED

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<v Speaker 1>cuts rates again, the Clarity Act gets passed in the Senate,

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<v Speaker 1>and the SEC approves the all coin ETFs. All of

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<v Speaker 1>these things could drive a massive bull market, not only

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<v Speaker 1>for crypto but the stock market as well. And speaking

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<v Speaker 1>of the stock market, in fact, CALSHI and other stock

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<v Speaker 1>market futures are showing green that they're looking to open

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<v Speaker 1>sharply higher come tomorrow. So let's see how things play out.

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<v Speaker 1>Here's what Macro investor Ralph Powell had to say about

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<v Speaker 1>this all said and done, regardless of what sparked it,

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<v Speaker 1>Friday was a flash crash. Flash crashes usually recover in

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<v Speaker 1>V shapes back to their prior price slash range and

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<v Speaker 1>usually go on to make new highs shortly after. In

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<v Speaker 1>this case, we entirely wiped out all accumulated leverage too higher. Now,

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<v Speaker 1>I agree with him because what we've seen in the past,

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<v Speaker 1>when you have huge liquidations, it's like a perfect setup

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<v Speaker 1>for a massive rally. Again, you go out through a

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<v Speaker 1>history and you look at when things like this have happened,

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<v Speaker 1>and the market does the opposite, right, So this is

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<v Speaker 1>very interesting. Let's see how it all plays out now

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<v Speaker 1>and the weekly bears are in control, you know, we're

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<v Speaker 1>looking at the mac D here, but a green candle

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<v Speaker 1>is starting to form on the weekly chart. Again, Let's

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<v Speaker 1>see how this week coming week plays out. But if

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<v Speaker 1>it does, you know reverse and sharply moves up. We

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<v Speaker 1>could see things flip where bulls grab control. But from

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<v Speaker 1>the higher time frame, the monthly chart. You know, yesterday

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<v Speaker 1>we looked at it, there was a tiny red candle

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<v Speaker 1>on the monthly chart, it is now flip green. And

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<v Speaker 1>as I've been telling you guys, the RSI is not

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<v Speaker 1>in the overheated overboard zone like we've seen at previous tops,

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<v Speaker 1>and the bulls are in firm control on the monthly.

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<v Speaker 1>So this is why you got to look at multiple timeframes.

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<v Speaker 1>You can't just look at one time frame, right, and

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<v Speaker 1>you gotta look at different data points. As it relates

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<v Speaker 1>to bitcoin dominance, which spiked up obviously because of you know,

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<v Speaker 1>all coins getting liquidated and much more and Bitcoin losing value. Well,

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<v Speaker 1>now that the price is starting to recover, bitcoin dominance

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<v Speaker 1>is starting to fall again. Same thing with US thet dominance.

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<v Speaker 1>So there's no invalidation of what we've been talking about

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<v Speaker 1>that these things are headed in a certain direction for

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<v Speaker 1>the bull market to continue and to head to a

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<v Speaker 1>blow off top. And when we look at the entire

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<v Speaker 1>market altogether, it's not just Bitcoin that's moving. So the

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<v Speaker 1>total market cap is up seven percent back to three

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<v Speaker 1>point nine to one trillion, The top twenty tokens on

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<v Speaker 1>coin market cap are up just over seven percent, so

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<v Speaker 1>we're starting to see some recovery here. But like I said, guys,

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<v Speaker 1>I know I'm saying this again I'm repeating myself, but

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<v Speaker 1>it could be additional volatility. You know how market makers

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<v Speaker 1>and whales like to play with us, right, so let's

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<v Speaker 1>be patient. Obviously, if you're in spot, you're fine. No,

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<v Speaker 1>none of us lost our shirts. But if you were

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<v Speaker 1>using leverage, well, man, you got destroyed essentially. And I

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<v Speaker 1>feel bad for a lot of people I see to

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<v Speaker 1>post on x people losing tens of thousands, hundreds of thousands,

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<v Speaker 1>millions of dollars and it sucks. But that's that's the

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<v Speaker 1>risk that comes with leverage trading. Guys. Now, I want

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<v Speaker 1>to share something here from crypto Wizard, you know, specifically

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<v Speaker 1>for XRP, because I shared some examples with Etheroreum yesterday.

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<v Speaker 1>He says, not the end capitulation doesn't mark the end.

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<v Speaker 1>Back in twenty seventeen, XRPT had a huge capitulation wick

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<v Speaker 1>six weeks later it exploded to the upside and never

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<v Speaker 1>looked back. It just had the same capitulation event. Can

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<v Speaker 1>it repeat? So we're seeing similar patterns here in the

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<v Speaker 1>charts for all coins that this flash crash capitulation is

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<v Speaker 1>just a tiny bullep in the radar resets. You know,

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<v Speaker 1>the whole system deleverages the whole system and prepares us

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<v Speaker 1>for maybe what could be the final run up to

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<v Speaker 1>a blow off top. We'll have to wait and see.

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<v Speaker 1>As I've been telling you guys, a scenario one is

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<v Speaker 1>the blow off top still happens in Q four, maybe

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<v Speaker 1>late November into December, or this spills into twenty twenty six.

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<v Speaker 1>That's where we're going to continue to monitor the different

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<v Speaker 1>data points to get an idea where we're at. Nevertheless,

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<v Speaker 1>I think the next local top or the blow off

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<v Speaker 1>to whatever it is, I'm going to start exiting the market.

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<v Speaker 1>I will let you guys know you know where am

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<v Speaker 1>I exiting of which coins and things like that, because

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<v Speaker 1>you know there's gonna be rotation of liquidity and Bitcoin

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<v Speaker 1>leads the market, so I'll start exiting on Bitcoin first.

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<v Speaker 1>So that is my plan. Now. A great crypto platform

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<v Speaker 1>that I'll be leveraging to buy the dips and as

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<v Speaker 1>well as sell some of my crypto is Uphold. Uphold

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<v Speaker 1>has over three hundred plus cryptocurrencies. I've been using them

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<v Speaker 1>since twenty eighteen. They also offer a staking on twenty

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<v Speaker 1>plus crypto assets, and folks, I've never had any issues

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<v Speaker 1>with Uphold. They are a great platform. They are one

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<v Speaker 1>hundred percent reserve, they don't commingle or lend out your

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<v Speaker 1>crypto funds, and you can review their transparency report that

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<v Speaker 1>they have on their website and folks, they also offer

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<v Speaker 1>a great rewards program where you can earn up to

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<v Speaker 1>five point twenty five percent on stable coins. They don't

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<v Speaker 1>do any shady business, they do it the right way

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<v Speaker 1>and part of this rewards program, if you participate, you

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<v Speaker 1>can get twenty four hour early access to new tokens

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<v Speaker 1>that they list and the stable coins they support includes Ripples,

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<v Speaker 1>r L, USD you can earn a five percent there

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<v Speaker 1>and USBC you can earn up to five point twenty

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<v Speaker 1>five percent there. And in order to participate, you simply

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<v Speaker 1>have to open the app once per month, deposit fifty

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<v Speaker 1>dollars once per month, and trade fifty dollars once per month.

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<v Speaker 1>So great program, easy to use, lots of benefits, and

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<v Speaker 1>they have a ton of other cool products and features,

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<v Speaker 1>so check them out. Visit the link in the description. Now, folks,

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<v Speaker 1>with all the liquidations and much more, there's been a

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<v Speaker 1>lot of controversy around binance, and here's the headline that

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<v Speaker 1>you need to know about Binance pays two hundred and

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<v Speaker 1>eighty three million dollars in compensation following Friday's dpegs covering

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<v Speaker 1>user losses. So Binance, the world's largest crypto exchange by volume,

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<v Speaker 1>seted compensated users by of three binance earned assets to

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<v Speaker 1>the tune of two hundred and eighty three million dollars

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<v Speaker 1>after Friday's volatility caused the assets to dpeg from their

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<v Speaker 1>intended price. Binance executives apologize to users after Friday's market

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<v Speaker 1>downturn apparently triggered assets in three Binance earn markets or

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<v Speaker 1>Athena's stable coin US. The e Binance issued Salona Liquid

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<v Speaker 1>Steak in token b N s O L and Wrapped

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<v Speaker 1>Beacon Liquid Steak in token w b E t h

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<v Speaker 1>TOO dpeg from their intended prices. Athene is us, the

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<v Speaker 1>e intended to be pegged to a dollar briefly fell

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<v Speaker 1>below sixty six cents on Binance. So there's also talks

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<v Speaker 1>of insider trading that somebody, I don't know if it's

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<v Speaker 1>Binance related or not, but someone open a short, you know,

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<v Speaker 1>like a day before Donald Trump did his post. So

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<v Speaker 1>it seems like there's some massive insider trading here. But

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<v Speaker 1>you know, we don't have that much details. We'll have

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<v Speaker 1>to wait and see what the salutes and some of

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<v Speaker 1>these folks are able to uncover. But these are things

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<v Speaker 1>that happen in the stock market as well, So just

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<v Speaker 1>so you know, it's not a crypto specific thing, you know,

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<v Speaker 1>as far as insider trading and so forth. But you know,

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<v Speaker 1>markets have some level of manipulation happening. But at the

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<v Speaker 1>end of the day, the pros that way the cons

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<v Speaker 1>and we want to make sure we position ourselves and

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<v Speaker 1>have the macro view. Don't use leverage, don't try to

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<v Speaker 1>daytrade this thing, and you will be fine. You know,

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<v Speaker 1>there's going to be the volatility, you know, as all

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<v Speaker 1>markets have shown throughout history, but you know, we want

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<v Speaker 1>to be smart. Buy the blood on the streets by

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<v Speaker 1>the lows and sell the euphoric blow off top. Now,

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<v Speaker 1>final news item here. This is very fascinating. So the

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<v Speaker 1>user decode on x did a great job of compiling

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<v Speaker 1>crypto assets bitcoin and all coins that are held by

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<v Speaker 1>publicly traded companies and he put their value in by

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<v Speaker 1>US dollar. So we've been seeing a lot of adoption

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<v Speaker 1>a lot of digital acid treasury companies and it's really

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<v Speaker 1>great to get this information. So the top asset comes

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<v Speaker 1>as no surprise, Bitcoin with over one hundred and nineteen

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<v Speaker 1>billion dollars, eth at over fifteen billion dollars, Solana at

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<v Speaker 1>over two billion dollars, Avax just over billion dollars, followed

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<v Speaker 1>by Ena which is around eight hundred nine ninety million dollars,

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<v Speaker 1>followed by Hype at six hundred million dollars, then BnB

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<v Speaker 1>at just over five hundred and thirty five million dollars,

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<v Speaker 1>followed by Sui at over three hundred and forty four

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<v Speaker 1>million dollars, and so on and so forth. It goes

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<v Speaker 1>down XRPS on this list that just over one hundred

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<v Speaker 1>and twenty one million. Doge is actually right above XRP

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<v Speaker 1>at one hundred and eighty eight million dollars, fet if

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<v Speaker 1>which is the fetch dot ai token over fifty five

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<v Speaker 1>million dollars, Tawel which is bitten censor I believe over

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<v Speaker 1>twenty five million, and like Cooin at over four hundred

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<v Speaker 1>and sixty three thousand dollars. So very interesting the volume,

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<v Speaker 1>And I hope someone builds some sort of tracker of this.

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<v Speaker 1>Maybe that's something I should do, and you know, start

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<v Speaker 1>tracking this overall and get an idea which assets are

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<v Speaker 1>being bought up by these publicly traded companies because these

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<v Speaker 1>things are going to move prices and create a supplying

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<v Speaker 1>demand economic play here, right, So the supply getting bought

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<v Speaker 1>up quickly, some of it locked and staking for proof

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<v Speaker 1>of steak tokens, plus the ETFs and much more. It's

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<v Speaker 1>good to get an idea of how all this is

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<v Speaker 1>playing out, all right, folks, that's the news. Let me

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<v Speaker 1>know what you think. Let me know what you think

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<v Speaker 1>about Donald Trump's new posts today. And do you see

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<v Speaker 1>a V shape recovery starting here? And we continue to

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<v Speaker 1>rally into Q four. Doesn't mean we go up in

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<v Speaker 1>a straight line, doesn't mean we don't see volatility, but

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<v Speaker 1>the worst of it, I think maybe behind us, which

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<v Speaker 1>happened on Friday, just like we saw in twenty twenty

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<v Speaker 1>March twenty twenty with COVID. So if you appreciate it

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<v Speaker 1>this content, guys, please be sure to support the podcast

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<v Speaker 1>by subscribing to my free email newsletter. It is one

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<v Speaker 1>hundred percent free. Link will be in the description. And

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<v Speaker 1>check out my book on Amazon. It's available in paperback,

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<v Speaker 1>in digital, and my course at Mycrypto course dot com. Folks,

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<v Speaker 1>Thank you so much for watching and listening. I appreciate

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<v Speaker 1>you all, and I'll talk to you all later
