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<v Speaker 1>Hey, it's Alex with a Token Metrics Daily Pulse from

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<v Speaker 1>March nineteenth, twenty twenty six. Got a lot to cover today,

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<v Speaker 1>and honestly, the vibe in the market right now is well,

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<v Speaker 1>it's a bit of a reality check. Grab your coffee,

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<v Speaker 1>let's get into it first. A quick word from our sponsor. Okay,

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<v Speaker 1>So here's what's happening. So the big headline today is

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<v Speaker 1>a bit of a tug of war. Bitcoin dropped about

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<v Speaker 1>four percent and Ethereum fell over five percent. But then

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<v Speaker 1>out of nowhere, a whale stepped in and bought one

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<v Speaker 1>hundred and eleven million dollars worth of Ethereum in a

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<v Speaker 1>single go. It's it's actually a pretty bold move. This

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<v Speaker 1>same address sold out a year ago and just decided

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<v Speaker 1>today was the day to jump back in with fifty

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<v Speaker 1>thousand tokens. Someone's clearly not scared of this dip. Look,

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<v Speaker 1>the broader numbers aren't exactly pretty. Bitcoin's sitting around seventy

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<v Speaker 1>one thousand, and Ethereum is struggling to hold twenty two

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<v Speaker 1>two hundred. Solana's down to trading near ninety bucks. The

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<v Speaker 1>total market cap shed about one hundred billion dollars today,

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<v Speaker 1>and you know what's wild. Bitcoin dominance is actually taking

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<v Speaker 1>up to over fifty six percent. That tells us that

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<v Speaker 1>while everything is red, the alt coins are getting hit

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<v Speaker 1>way harder than Bitcoin. It's a classic flight to safety,

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<v Speaker 1>or at least the closest thing we have to it

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<v Speaker 1>in crypto. Okay, so what's actually driving this. Here's the thing.

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<v Speaker 1>The Fed held rates steady and basically threw cold water

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<v Speaker 1>on any hopes for a rate cut anytime soon. The

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<v Speaker 1>market was pricing in some optimism and now that's being

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<v Speaker 1>ripped out. Polymarket is showing only a fourteen percent chance

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<v Speaker 1>of a rate cut by June. That's a massive shift

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<v Speaker 1>in expectations. But while everyone's panicking about the macro, there's

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<v Speaker 1>a structural story you might be sleeping on. The SEC

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<v Speaker 1>just approved a pilot for Nasdaq to trade tokenized equities.

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<v Speaker 1>Think about that, real stocks on a blockchain with the

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<v Speaker 1>regulator's blessed. It's the ultimate irony. Right. Meanwhile, we've got

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<v Speaker 1>some heavy supply coming. FTX is set to repay two

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<v Speaker 1>billion dollars to creditors by the end of the month.

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<v Speaker 1>This one, okay, this one caught me off guard because

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<v Speaker 1>of the timing. Two billion hitting the market. When sentiment

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<v Speaker 1>is already shaky, it's a huge question mark, and we're

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<v Speaker 1>seeing the stress show up in the teams building this

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<v Speaker 1>stuff too. The Algorand Foundation just cut a quarter of

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<v Speaker 1>its staff. They're blaming the macro environment, but it's a

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<v Speaker 1>reminder that even the big foundations are feeling the squeeze

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<v Speaker 1>when the market grinds like this. All right, before we

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<v Speaker 1>get into the risks, quick word from our sponsor. Okay,

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<v Speaker 1>we're back. Let's talk about what to watch for. So

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<v Speaker 1>what should you actually be worried about. Well, sentiment is

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<v Speaker 1>incredibly fragile. When the Fed kills the rate cut narrative,

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<v Speaker 1>the dip buyers usually turn into dip waiters. Also, keep

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<v Speaker 1>an eye on Athereum. It's losing ground against Bitcoin, which

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<v Speaker 1>which usually means the big players are de risking. If

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<v Speaker 1>Ethereum doesn't find a floor soon, the rest of the

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<v Speaker 1>all coin market could be in for a rough ride.

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<v Speaker 1>And don't forget that March thirty first deadline for the

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<v Speaker 1>FTX payouts. That's a lot of liquidity moving around in

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<v Speaker 1>a very thin market. And looking ahead, watch the ten

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<v Speaker 1>year treasury yields. If those keep climbing, Crypto's going to

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<v Speaker 1>stay under pressure. On the bright side, keep your eyes

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<v Speaker 1>peeled for more details on that Nasdaq pilot. If they

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<v Speaker 1>name specific protocols or partners, the real world asset narrative

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<v Speaker 1>could catch a serious second win. Also, bitcoin's been honestly

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<v Speaker 1>kind of boring around seventy thousand, but if it surprises

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<v Speaker 1>us and breaks seventy eight thousand, a lot of short

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<v Speaker 1>positions are going to get squeezed hard. Well, that's the

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<v Speaker 1>pulse for today. If you got something out of this,

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<v Speaker 1>send it to a friend who's into crypto. That's the

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<v Speaker 1>best way to support us. This is educational content, not

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<v Speaker 1>investment advice. Always do your own research. I'm Alex, See

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<v Speaker 1>you next time.