Speaker 1: Hey everyone, welcome into the Thinking Crypto podcast. You're home
Speaker 1: for cryptocurrency news and interviews. I'm your host, Tony Edward.
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Speaker 1: could Bitcoin this coming week break eighty thousand dollars and
Speaker 1: potentially go to eighty five thousand dollars. Well, there's certainly
Speaker 1: a probability. Obviously, it's not guaranteed. We're looking at the charts,
Speaker 1: we're looking at the data points of the metrics and
Speaker 1: so on and so forth. So right now at the
Speaker 1: time of recording, Bitcoin at seventy seven, five hundred and
Speaker 1: eighty nine dollars on the daily chart. The mac d's
Speaker 1: losing some momentum, you know, we're starting to see a
Speaker 1: move towards a bearish cross, but it's not confirmed as yet.
Speaker 1: And Bitcoin, even though the RSI is not in the
Speaker 1: over bought zone, it is approaching it. So there could
Speaker 1: be a final push this week or within the next
Speaker 1: two weeks before a rollover. I do believe all coins
Speaker 1: will follow bitcoins move if it does break eighty and
Speaker 1: continue to maybe eighty five, and I think we could
Speaker 1: see a nice little mini rally for alts, but again
Speaker 1: not guaranteed. We are still in uncertain times with the
Speaker 1: Iran war, and you never know what news items could
Speaker 1: hit the market and all of a sudden things start
Speaker 1: to drop. However, as we've been watching, they will weekly charted.
Speaker 1: The higher timeframe looks really good. Guys. That is flipped bullish,
Speaker 1: so I don't anticipate that flipping back bearsh immediately. There's
Speaker 1: usually a span a time span for these things to
Speaker 1: play out. When you think about what market makers are
Speaker 1: doing in much more and the RSI is nowhere near
Speaker 1: the overbought zone, so that's a very very good sign.
Speaker 1: Not to mention, we have a CME gap around eighty
Speaker 1: two thousand eighty four thousand. Here one analyst is highlighted
Speaker 1: that despite the twenty percent move in April, funding is
Speaker 1: still negative and spot premium is still positive. No signs
Speaker 1: of froth. So the market has gotten frothy with this move.
Speaker 1: It's been a slow grinding move up, especially with the
Speaker 1: chop we saw with the Iran war news that was
Speaker 1: affecting markets. So let's see what we can do here
Speaker 1: and how high we can get. Obviously, the higher the better.
Speaker 1: We got to keep an eye on the stock market,
Speaker 1: which continues to make new highs. Bowlers are still in
Speaker 1: control there. But the stock market is in the overbought zone.
Speaker 1: So while it can hang out there for a while,
Speaker 1: we've seen it historically, it's usually followed by a drop,
Speaker 1: so a very strong V shaped recovery, but anticipate a drop.
Speaker 1: And the same thing with the NASDAC. It's mirroring the
Speaker 1: S and P five hundred, also in the overbod zone,
Speaker 1: but there's not a Bearers cross on the macde. Bulls
Speaker 1: are still in control. So let's see if Bitcoin can
Speaker 1: catch up here, become overbought officially, you know, breakthrough eighty
Speaker 1: go to eighty five k, and like I said, I
Speaker 1: anticipate that we may see some al starch to rally
Speaker 1: XRP soalana E theorem and more, and that would be
Speaker 1: really nice, not a move to new all time highs
Speaker 1: in my opinion. And then there is the probability of
Speaker 1: once Bitcoin hits that you know, respective top for this rally,
Speaker 1: it rolls over and it could potentially again, potentially, I'm
Speaker 1: not saying I want it to happen. I'm not saying
Speaker 1: it is going to happen. It could potentially go down
Speaker 1: to as low as fifty K, so we have to
Speaker 1: be mentally prepared for that, or it could go retest
Speaker 1: the lows that it hit a few months back of
Speaker 1: around fifty a k. Now, if that was the bottom
Speaker 1: of the market and we're just retesting it, you know,
Speaker 1: maybe that's good, right, and then we can just start
Speaker 1: working our way up slowly and steadily as we had
Speaker 1: later into the year and into the midterms, which I
Speaker 1: believe Trump will not want to go into the elections
Speaker 1: with the markets down and the dumps, So let's see
Speaker 1: what happens. His new FED chair is also going to
Speaker 1: be coming in pretty soon, and we'll see what updates
Speaker 1: they make fiscally. That could really, you know, have markets
Speaker 1: rally after they bottom out, So we shall see if
Speaker 1: the market hasn't bottom already. Again. There's a lot of
Speaker 1: scenario here, and smart educated investors have to be prepared
Speaker 1: for all these different scenarios because we don't have a
Speaker 1: crystal ball, and we have to look at the probabilities
Speaker 1: of which scenario can play out now. One good sign
Speaker 1: is that bitcoin whales are accumulating rapidly, data from Saniment.
Speaker 1: Many of you know Santiment is a partner of the channel.
Speaker 1: I often have Brian from Santiment on biweekly to talk
Speaker 1: about these different metrics. They're highlighting that whales are accumulating
Speaker 1: and here you can see on my screen for those
Speaker 1: of you watching on YouTube and rumble that the whale
Speaker 1: accumulation is on the rise. That's a very very good sign, guys.
Speaker 1: So again this correlates to this rally that's happening and
Speaker 1: help could these activities help push bitcoin up to that
Speaker 1: eighty five k range? And speaking of whales, black rocks.
Speaker 1: Bitcoin ETF just hit a massive milestone that proves crypto
Speaker 1: is now a mainstream bet so I bit options open
Speaker 1: interest top dera bit on Fridays, signaling rapid institutional adoption
Speaker 1: of regulated crypto derivatives in the United States. Positioning differs
Speaker 1: across markets. Ibit flows appears slightly more bullish than Derribit's
Speaker 1: BTC options despite similar scale. Ibit and derribit cater to
Speaker 1: different investor bases, So we're starting to see activity here, guys.
Speaker 1: Wail accumulation options, and all these things looking good. So
Speaker 1: let's see what this week brings us. Another factor is
Speaker 1: that bitcoin funding rate is extremely negative, so the lungs
Speaker 1: versus shorts. So there's a lot of shorts right now,
Speaker 1: a lot of bears out there. They want it, you know,
Speaker 1: to get ready. They think it's going to go dumb
Speaker 1: down right away. But we could see the market do
Speaker 1: a short squeeze and the bears get wrecked. Right. That's possible.
Speaker 1: I'm not saying it's guaranteed, right, so please understand me.
Speaker 1: Sometimes when I make these statements, people just only hear
Speaker 1: certain words because they have their bias. They only want
Speaker 1: to hear things that confirm their bias versus seeing the
Speaker 1: full landscape, which is what I'm trying to share with
Speaker 1: you guys. So here one analysa that big bitcoin funding
Speaker 1: rate is extremely negative. Not sure if we have ever
Speaker 1: seen funding so negative before. If bitcoin starts to pump
Speaker 1: with all these leverage short positions, we could see a
Speaker 1: massive short squeeze to one hundred k quickly. That's a probability. Again,
Speaker 1: I don't know if it gets there. I'm more in
Speaker 1: the camp of eighty to eighty five potentially a week
Speaker 1: to ninety and then roll over. So we shall see
Speaker 1: another good sign, folks. Tether is minting billions in USDT again,
Speaker 1: and we've seen historically a lot of the stable coin
Speaker 1: liquidity makes its way into the market. So just over
Speaker 1: the past few days, over the past week, they've minted
Speaker 1: over two billion, I think close to three billion in USDT,
Speaker 1: so we can keep watching that and see how the
Speaker 1: stable coin liquidity is looking. So one of the things
Speaker 1: we were watching recently is USDT dominance, you know, that's
Speaker 1: been breaking down, and obviously that stable coin liquidity is
Speaker 1: making its way into the market, so there's an inverse
Speaker 1: correlation obviously. So we'll see how this plays out this
Speaker 1: week because it can help give confirmation as to what
Speaker 1: the prices may do next. So we got to be
Speaker 1: patient here. Now, speaking of Tether, they have conducted their
Speaker 1: largest asset freeze ever, freezing three hundred and forty four
Speaker 1: million USDT on tron and the reason apparently some of
Speaker 1: these funds are tied to Iran, so there's a lot
Speaker 1: of Tether fudsters out there. But Tether's been working with
Speaker 1: the US government. They've been freezing accounts in certain amounts
Speaker 1: of stable coins that are tied to bad actors. This
Speaker 1: is what we've been talking about for a long time.
Speaker 1: Bad actors are going to use any medium they can
Speaker 1: to do bad things. But that doesn't mean we have
Speaker 1: to shut the whole blockchain down or all of crypto.
Speaker 1: We have to go after the bad actors, folks. Quick
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Speaker 1: the Blockchain Association, the Crypto Council for Innovation, joined by
Speaker 1: a broad coalition of more than one hundred and twenty
Speaker 1: organization across the digital asset ecosystem, urge the Senate Banking
Speaker 1: Committee to move forward with a markup on market structural legislation.
Speaker 1: So they sent a full letter and write up and
Speaker 1: so forth. So that's a lot of folks participating here.
Speaker 1: So the pressure is on here and great to see
Speaker 1: that these folks are being proactive, you know, again, putting
Speaker 1: the pressure in the Senate to hopefully get this markup
Speaker 1: done because the banks are lobbying hard and you can see,
Speaker 1: well for those of you watching, it might be a
Speaker 1: little bit hard to see, but you know, you got
Speaker 1: Tim Scott, Cynthia Lummis, common names we know pro crypto.
Speaker 1: But who's also in there? Elizabeth Warren And it says
Speaker 1: the honorable Elizabeth Warren. I don't know about the honorable part,
Speaker 1: but I digress. But we got to get this bill done, guys,
Speaker 1: we got to get it done. Look, it's not the
Speaker 1: end of the world if it's not pass But it's
Speaker 1: going to set us back a lot, right, because the
Speaker 1: bill can still make it forward let's say next year,
Speaker 1: but it's gonna be much harder. But if you can
Speaker 1: get it, you know, before the August recess this year,
Speaker 1: that would be really really good. So fingers crossed they
Speaker 1: can get it done. But all the major cocrypto companies participated,
Speaker 1: changing Noalysis, Coinbase, OKX, you got Ripple, all the big names,
Speaker 1: crypto dot com so far, even I mean a bank
Speaker 1: getting involved here. So this is huge and let's see
Speaker 1: what the folks in the Senate are able to come
Speaker 1: up with. Now, folks, some not so good news. This
Speaker 1: is very concerning And for those of you who live
Speaker 1: in France, this is a warning to you. So a
Speaker 1: French tax official was arrested for selling crypto investors' home
Speaker 1: addresses and financial records to criminal networks. Forty one kidnappings followed,
Speaker 1: one every two point five days since January twenty twenty six.
Speaker 1: The criminals didn't need to hack anything, they bought a
Speaker 1: list from some one inside the government. France is the
Speaker 1: most dangerous country in the world right now. If you
Speaker 1: hold crypto and someone knows that this is some Mario
Speaker 1: the fall on X. But I'm sure many of you
Speaker 1: have seen the news over the past year or more,
Speaker 1: a lot of kidnappings, a lot of people getting attacked
Speaker 1: in the street right a crypto CEOs and so forth.
Speaker 1: And you know, I was scratching my head when I
Speaker 1: when I saw those news items, like wait, why is
Speaker 1: it just happening in France, Like what's happening in France?
Speaker 1: Something's weird there. But we didn't know, you know, that
Speaker 1: the information was being sold. So if you're in France,
Speaker 1: you know, just be careful. Look, I don't think they're
Speaker 1: attacking the common crypto investors. They're pretty much going after
Speaker 1: people who have high net worth amounts of crypto or
Speaker 1: well known you know, as far as crypto CEOs or executives.
Speaker 1: But still, you know, if you have a sizeable amount
Speaker 1: of crypto, those of you watching and listening in France,
Speaker 1: just be careful because your information was most likely sold
Speaker 1: to these criminal networks, which is crazy. And again, forty
Speaker 1: one kidnappings, I mean, just crazy, crazy stuff. I think
Speaker 1: the high profile kidnapping, if I'm not mistaken, was one
Speaker 1: of the Ledger executives and they did some I think
Speaker 1: they tortured him or and his wife or something like that.
Speaker 1: But don't quote me on that, but if I remember
Speaker 1: correctly that that was pretty crazy. But be careful out there, folks. Okay,
Speaker 1: moving ahead, three F, built on Morpho, raises four million
Speaker 1: dollars to offer a leverage exposure to tokenize assets. So
Speaker 1: we continue to see building investing in much more so.
Speaker 1: Three F has raised four million dollars in funding led
Speaker 1: by Maven eleven with participation from f Prime, GSR and others.
Speaker 1: Built on Morpho, three F will offer leverage exposure to
Speaker 1: tokenize rerail world assets, with launch expected in the second
Speaker 1: quarter of the year. Now I'm not sure if how
Speaker 1: many of you were, but I had interviewed a founder
Speaker 1: of MORFO. I think it was last year. They're working
Speaker 1: with coinbase to power coinbases a crypto lending like bitcoin
Speaker 1: lending and so forth. So it's really great to see
Speaker 1: that they're getting the ability to integrate tokenized real world
Speaker 1: assets in being able to leverage dad and do different
Speaker 1: things with it. Here's some contextead of funding. It says
Speaker 1: that total includes a seven hundred and fifty thousand dollars
Speaker 1: pre seed round and a three point three million dollars
Speaker 1: seed round. Sonya Kim, co founder of three f toll
Speaker 1: the block. The pre seed fundraising began in July twenty
Speaker 1: twenty five and closed in November twenty twenty five, while
Speaker 1: the seed round started in November twenty twenty five and
Speaker 1: closed in March twenty twenty six. Kim said, so both
Speaker 1: rounds were structured as simple agreements for future equity or safes,
Speaker 1: safes with token warrants on a one to one equity
Speaker 1: to token conversion basis. Kim said, she declined to disclose evaluation.
Speaker 1: That's interesting. So you get tokens which are aligned to equity.
Speaker 1: Very interesting and I think, by the way, this type
Speaker 1: of setup is the future with fundraising and how companies
Speaker 1: may go public and things along those lines. Now, folks,
Speaker 1: there's some crazy news around like cooin. Like coin rewrites
Speaker 1: three hours of history to undo its first major privacy
Speaker 1: layer exploit. So the like Coin Foundation said Saturday that
Speaker 1: a zero day bug enabled a denial of service attack
Speaker 1: against major mining polls. A thirteen block reorganization reversed the
Speaker 1: invalid transactions on the canonical like coin chain. Attackers use
Speaker 1: the more than three hour fork window to attempt double
Speaker 1: spends across crosschain swap protocols, some of which have reported losses.
Speaker 1: The Foundation said the bug is now fully patched. So
Speaker 1: this is some rough news for the folks on the
Speaker 1: like coin side. And look, we're still early where a
Speaker 1: lot of things have to be fine tuned. And I
Speaker 1: I'm not sure if this is the only exploit for
Speaker 1: like cooin, but I haven't heard of any in the past,
Speaker 1: so this may be the first with you know, things
Speaker 1: they're doing on the privacy side. So pretty rough here anyway, folks,
Speaker 1: that's the news. Thank you so much for tuning in. Guys,
Speaker 1: please be sure to hit the thumbsub button and subscribe
Speaker 1: if you having it. As yet, I will be traveling
Speaker 1: tomorrow through Wednesdays, or there's going to be limited content.
Speaker 1: Just heads up. We'll still be having some interviews posted,
Speaker 1: but news recap episodes are going to be limited and
Speaker 1: I should be back in full force on Thursday, so
Speaker 1: it just heads up on that, and guys, be sure
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Speaker 1: course that teaches you everything you need to know about crypto.
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Speaker 1: you so much for tuning in. I appreciate you all,
Speaker 1: and I'll talk to you all later