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<v Speaker 1>Hey, everyone, Welcome into the Thinking Crypto podcast. 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 let that subscribe button as

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<v Speaker 1>well as a 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. Okay, folks,

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<v Speaker 1>At the time of recording, bitcoin is that seventy five

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<v Speaker 1>thousand dollars. So we continue to see more downward pressure,

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<v Speaker 1>but the good signs are on the daily chart. We

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<v Speaker 1>are extremely over sold. The RSI is turning red right now,

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<v Speaker 1>that's how extreme it is, and it's certainly below thirty right.

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<v Speaker 1>So if you know your textbook when it comes to markets,

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<v Speaker 1>anything thirty and below is over sold. Anything above seventy

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<v Speaker 1>is overbought. So we can expect some sort of reversal,

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<v Speaker 1>although it could chop around here for the next week.

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<v Speaker 1>So just the timing is always the hard part, you know,

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<v Speaker 1>because no one has a crystal ball. But we can

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<v Speaker 1>use these signals, which again are textbook, and you can

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<v Speaker 1>get an idea of where the market may go next.

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<v Speaker 1>So I think some sort of bounces to We are

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<v Speaker 1>extremely extremely over sold and there's a lot of fear.

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<v Speaker 1>And even on the weekly chart we are essentially touching

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<v Speaker 1>the oversold zone here for the RSI, So that's a

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<v Speaker 1>good sign that some sort of relief is coming. The

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<v Speaker 1>question is we've been talking about and I know a

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<v Speaker 1>lot of you're gonna say, Tony, it looks like you

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<v Speaker 1>know what you're talking about. The thesis of this continuing

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<v Speaker 1>to new highs is looking less probable, and sure, you

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<v Speaker 1>know that's certainly possible. I've told you guys, if this

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<v Speaker 1>thing breaks certain support levels, then yeah, that's it. We're

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<v Speaker 1>gonna keep going down. It's just like the previous market

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<v Speaker 1>cycles four years and so forth, though the macro is

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<v Speaker 1>a bit different this time around, so we're gonna have

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<v Speaker 1>to wait and see. Folks. Obviously, do what you need

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<v Speaker 1>to do in the market. I'm just sharing the data

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<v Speaker 1>and the facts with you and we'll see where things go.

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<v Speaker 1>But you know, both the daily and the weekly oversold,

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<v Speaker 1>so some sort of bounce will be coming. And to

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<v Speaker 1>add to that, the two week RSI closed right above

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<v Speaker 1>the zone where all major bear market bottoms have been found,

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<v Speaker 1>So that's how low it is. So it's not your

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<v Speaker 1>traditional bull market and it's not your traditional bear market here,

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<v Speaker 1>so again we're looking for a bounce and let's see

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<v Speaker 1>how this plays out. A good sign as well is

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<v Speaker 1>that retail is starting to capitulate. So when you look

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<v Speaker 1>at the wallet addresses, and this is data I've shared

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<v Speaker 1>from Santiment as well, retail is going down. They're capitulating,

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<v Speaker 1>and the whales are accumulating. These things have preceded rallies, right,

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<v Speaker 1>and if you've been catching my episodes with Brian from Santaman,

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<v Speaker 1>we exactly talk about these things. And I'm waiting for

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<v Speaker 1>Santiment to update their data tomorrow, you know, once the

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<v Speaker 1>weekend data comes in, and I'll share that with you

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<v Speaker 1>all and we'll see which direction things are going. Because

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<v Speaker 1>if retail keeps accumulating and whales are distributing, then that's

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<v Speaker 1>not good. But the positive sign again, the whales are accumulating,

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<v Speaker 1>retail is starting to capitulate. So I don't make the rules, guys,

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<v Speaker 1>this is just how things function. And when we look

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<v Speaker 1>at the data, it's very eye opening. So we shall

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<v Speaker 1>see what happens and look. Not a good sign is

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<v Speaker 1>Jim Kramer is talking a lot about bitcoin and crypto.

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<v Speaker 1>He's been tweeting NonStop, and one of the things he

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<v Speaker 1>said today was with bitcoin, it's seventy seven thousand dollars.

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<v Speaker 1>I figure the buyers come in all at once to

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<v Speaker 1>move it aback above eighty two thousands. If he's saying

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<v Speaker 1>anything bullish, you know that's not good. It's bearish, right,

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<v Speaker 1>So we could be in for a rough Monday or

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<v Speaker 1>rough week. I don't know. We're gonna have to wait

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<v Speaker 1>and see. And look, a lot of people are taking losses.

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<v Speaker 1>So the infamous hyper unit whale exits entire eth position

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<v Speaker 1>for two hundred and fifty million dollar loss, left with

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<v Speaker 1>fifty three dollars in the account. According to Arkham So

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<v Speaker 1>unchained data, the trader, linked to former bitfour x CEO

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<v Speaker 1>Garrett Jin has closed out their entire leverage ether sition

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<v Speaker 1>on hyper liquid, realizing a total loss of approximate two

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<v Speaker 1>hundred and fifty million dollars. The account now holds just

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<v Speaker 1>fifty three dollars. As stunning collapse of a whale who

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<v Speaker 1>famously profited two hundred million dollars by shortening bitcoin and

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<v Speaker 1>ether ahead of the October twenty twenty five tariff driven

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<v Speaker 1>market crash, The exit marks a dramatic reversal of fortune

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<v Speaker 1>for the trader who had built up an each long

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<v Speaker 1>position worth over seven hundred million dollars in recent months.

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<v Speaker 1>So even some big players getting wiped out here. But

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<v Speaker 1>despite this, you know, the bigger theme though of crypto

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<v Speaker 1>and the long term view, the macro is still intact

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<v Speaker 1>where you have VC funding is ramping up. So a

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<v Speaker 1>report coming out here says VC roundup, crypto funding rebounds

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<v Speaker 1>as institutions tests unchained finance. So we know that despite

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<v Speaker 1>the market volatility, big players are building and investing. You

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<v Speaker 1>got trad FI also building and investing, So let me

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<v Speaker 1>give you the details here. Venture capital institutional money flow

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<v Speaker 1>are flowing back into the digital asset companies at the

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<v Speaker 1>start of twenty twenty six, with industry data showing one

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<v Speaker 1>point four billion dollars committed across venture rounds and public

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<v Speaker 1>market listings. The largest transactions included Visa Link stable coin

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<v Speaker 1>issue of Rain, which reached a one point nine billion

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<v Speaker 1>dollar valuation after raising two hundred and fifty million dollars

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<v Speaker 1>and crypto custodian Bitgoes two hundred million dollar plus IPO

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<v Speaker 1>and the New York Stock Exchange in January. So these

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<v Speaker 1>are good signs right that we are seeing investments still happening,

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<v Speaker 1>and with all of the adoption news we've been seeing

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<v Speaker 1>of last year, even the early into this year would

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<v Speaker 1>tradify and much more. I don't think anybody's dismayed by

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<v Speaker 1>the market volatility, because look, gold and silver are crashing,

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<v Speaker 1>the stock market's not looking at great, so we're going

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<v Speaker 1>to have these volatile moments, and if you have the

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<v Speaker 1>macro view, it's going to work out well for you, right.

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<v Speaker 1>But if you panic and you're emotional and you're buying

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<v Speaker 1>into pumps and then you're selling into weakness and blood

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<v Speaker 1>on the street, then you're doing it wrong. You want

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<v Speaker 1>to be doing the opposite, right, buying the blood industry

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<v Speaker 1>and selling the pumps and the euphorias. So again, I

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<v Speaker 1>think this is a very positive sign that big institutions

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<v Speaker 1>continue to have the long term view and investing in

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<v Speaker 1>the crypto companies and tokens folks. This episode is brought

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<v Speaker 1>to you by v Chain, which is one of the

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<v Speaker 1>top layer one enterprise blockchains out there. They're getting adoption

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<v Speaker 1>from many big brands and companies around the world who

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<v Speaker 1>are building Web three technologies. I'm a vet token holder

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<v Speaker 1>have been since twenty eighteen. I'm very bullish on this project.

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<v Speaker 1>And Dana White and the UFC are partnered with v

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<v Speaker 1>chain and they're doing some cool things. Last year of

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<v Speaker 1>Dana White said he purchased a million dollars in VET tokens.

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<v Speaker 1>And some of the key features of the v chain

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<v Speaker 1>blockchain includes it is scalable, secure, fast, compliant, and purpose

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<v Speaker 1>led and they're doing some really cool things and the

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<v Speaker 1>VET token you can actually stake that via stargate and

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<v Speaker 1>v chain working with Boston Consultant Group, PwC, Walmart, China, BMW,

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<v Speaker 1>and many other big brands in companies. So if you'd

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<v Speaker 1>like to learn more about v chanine, go to vchain

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<v Speaker 1>dot org. Link will be in the description. Now, guys,

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<v Speaker 1>we got some interesting reports coming out here that a

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<v Speaker 1>UA shake secretly acquired forty nine percent of Trump's World

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<v Speaker 1>Liberty financial days before the inauguration. Man, you know, I've

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<v Speaker 1>been saying overall, Donald Trump has been a net positive

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<v Speaker 1>for crypto because you know, he has changed the environment,

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<v Speaker 1>pushed with legislation much more. But I wish he would

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<v Speaker 1>have held off on doing all these things because it's

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<v Speaker 1>just a horrible look. I've said, and many times the

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<v Speaker 1>optics are bad and we're trying to get legislation done.

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<v Speaker 1>You could imagine the likes of Elizabeth Warren and other

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<v Speaker 1>Democrats are going to push back on this. Whether it

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<v Speaker 1>ultimately stops the Clarity from passing, I don't know, but

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<v Speaker 1>it really adds fuel to the fire for people to

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<v Speaker 1>be anti crypto because of Trump. Right, we know how

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<v Speaker 1>politics works, and it gives Elizabeth Warren and these people

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<v Speaker 1>who are trying to kill crypto to or hand it over,

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<v Speaker 1>handover control to the banks to really come after for us,

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<v Speaker 1>and this really sucks. I think it's like we take

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<v Speaker 1>steps forward, but we take steps backwards when Trump does

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<v Speaker 1>something with crypto like this. And you know, I've been

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<v Speaker 1>on record I'm not a fan of the meme coin.

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<v Speaker 1>That's not a political statement whatever it is. I'm an independent,

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<v Speaker 1>and whether it be Democrat or Republican, whoever is doing it,

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<v Speaker 1>I don't believe they should. Right, it would have been

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<v Speaker 1>awesome if Trump just came into office, didn't do any

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<v Speaker 1>launch any crypto businesses, a coin and all these things,

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<v Speaker 1>and just started getting things going, and then once things

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<v Speaker 1>are pass he launches his business, right or his kids.

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<v Speaker 1>But it's like they got so greedy, must launch trump Coin,

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<v Speaker 1>must launch, this ETF must launch, We're Liberty Financial, must

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<v Speaker 1>do an air drop on truth. So all these things,

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<v Speaker 1>it's like, come on, man, like chill out right. Malania Coin,

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<v Speaker 1>Barren Coin, all that stuff just I think hurt the

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<v Speaker 1>market a lot, grabbed a lot of liquidity away from

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<v Speaker 1>other all coins. So again, overall, though, you know, you know,

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<v Speaker 1>it's obviously really really tough, and many crypto companies are

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<v Speaker 1>feeling the pain on the Gary Ginster and Elizabeth Warren,

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<v Speaker 1>but now you have another kind of pain. But overall,

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<v Speaker 1>I think net positive. But I wish stuff like this

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<v Speaker 1>was not going on because it really really hurts the

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<v Speaker 1>reputation in the crypto industry. So let me give you

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<v Speaker 1>some details. An Abu Dhabi investment vehicle backed by the

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<v Speaker 1>UAE National Advisor or security advisor Sheik Ta Noun bin

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<v Speaker 1>Zayed al Nahyan Oh my God, purchase a forty nine

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<v Speaker 1>percent stake in World Liberty Financial for five hundred million dollars.

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<v Speaker 1>According to the Wall Street Journal, The deal was signed

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<v Speaker 1>four days before Trump's January twenty twenty five inauguration and

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<v Speaker 1>never publicly disclosed. Half was paid up front, with one

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<v Speaker 1>hundred and eighty seven million dollars going to the Trump

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<v Speaker 1>family entities and at least thirty one million dollars to

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<v Speaker 1>entities tied to the Middle East. Envoy Steve Whitcoss family.

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<v Speaker 1>Eric Trump signed the agreement, among others. So Tannune has

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<v Speaker 1>pushed the US for access to powerful AI chips. The

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<v Speaker 1>Trump administration has played to sell five hundred thousand powerful

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<v Speaker 1>chips to the UAE annually, according to the Noon's company

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<v Speaker 1>G forty two. So this comes across as a massive bribe, right,

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<v Speaker 1>I'm gonna buy some of your world liberty financial tokens.

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<v Speaker 1>Just give me access, man. This. I hope things like

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<v Speaker 1>this do not block the Clarity Act from going through.

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<v Speaker 1>And I don't care if you're a Republican, Democrat or

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<v Speaker 1>independent like me. I mean, we got to call stuff

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<v Speaker 1>out like this. It's not good man, that bad, bad

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<v Speaker 1>optics and all these things. But we shall see what happens.

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<v Speaker 1>And there's even a report, you know, Elizabeth Warren, he's

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<v Speaker 1>ready to take this details and what's happening here and

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<v Speaker 1>use it against Crypto And you know, let's see if

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<v Speaker 1>she's able to rally people behind her to block the bill.

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<v Speaker 1>I hope not, but you know, it might be easy

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<v Speaker 1>for her to say, See, I told you guys, see

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<v Speaker 1>right since the beginning and right before the inauguration, Oh,

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<v Speaker 1>this is just bad. All right? Moving ahead, Hong Kong

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<v Speaker 1>is positioning itself as crypto's global connectors, says lawmaker Johnny Nng.

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<v Speaker 1>So we've been talking a lot about it. Hong Kong

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<v Speaker 1>is controlled by China. I believe China's using Hong Kong

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<v Speaker 1>as a testing bed. They are building up their cryptos services, ETFs,

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<v Speaker 1>regulations and much more. And I believe mainland China will

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<v Speaker 1>eventually open up the ETFs to their citizens because it

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<v Speaker 1>helps protect them from capital flight where currency leaves the

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<v Speaker 1>country right and they can put in that ETF rapper.

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<v Speaker 1>So keep an eye on Hong Kong. They've also been

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<v Speaker 1>working on a lot of crypto legislation rules and much

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<v Speaker 1>more so. I think a lot of people are coming

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<v Speaker 1>out of recognizing what's happening. And on the topic of China,

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<v Speaker 1>Chinese President Xi Jinping calls for the yuan to become

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<v Speaker 1>a global reserve currency. So China is watching what's happening

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<v Speaker 1>here in the United States. They're watching the dollar get weak,

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<v Speaker 1>and now they're saying, hey, back our currency as the

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<v Speaker 1>world reserve currency. We know there's been a lot of

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<v Speaker 1>geopolitical talks and you know, kind of Cold War type

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<v Speaker 1>tactics happening with these big superpowers and people trying to

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<v Speaker 1>bypass the dollar. And if you're wondering why gold has

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<v Speaker 1>been going crazy, it is because the central banks China

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<v Speaker 1>and so forth, they've been buying. So I think China

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<v Speaker 1>is what they're trying to do is get as much

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<v Speaker 1>gold as possible, back their currency with that gold, and

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<v Speaker 1>you know, present it to other people. I'm not saying

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<v Speaker 1>it's going to work. I'm just telling you what's happening.

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<v Speaker 1>And of course they have the digital you want, so

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<v Speaker 1>they have the digital version, and you know, there's talks

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<v Speaker 1>of them trying to push that into different economies, like

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<v Speaker 1>in certain countries in Africa where they're doing development. And

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<v Speaker 1>it wouldn't surprise me if they're going to go out

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<v Speaker 1>and say, hey, look, our currency is backed by gold.

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<v Speaker 1>We're back on some sort of gold standard here. Use

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<v Speaker 1>it right, But again that doesn't mean people will. But

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<v Speaker 1>I'm just letting you guys know what's happening now. Cody Carbone,

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<v Speaker 1>who is the sea of the Digital Chamber. I've had

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<v Speaker 1>him on in the pod many times. He said in

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<v Speaker 1>response to this news that the Genius Act was critical

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<v Speaker 1>because of this right here, us the backstable coins when ensured,

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<v Speaker 1>Adulla remains the world of reserve currency. So I think

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<v Speaker 1>he's right that the fact that we have the Genius

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<v Speaker 1>Act and Big Bangs and many others can launch stable

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<v Speaker 1>coins is a good thing to help maintain the US dollar.

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<v Speaker 1>But China and their partners and other global leaders are

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<v Speaker 1>watching all these things. And if China's going to go

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<v Speaker 1>out and say, hey, we have a digital U want

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<v Speaker 1>backed by gold and all that jazz, you use this

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<v Speaker 1>versus the US eller Again, I'm not saying I want that.

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<v Speaker 1>I'm not saying that is going to happen. I'm just

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<v Speaker 1>saying this is what's happening, you know, and we'll see

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<v Speaker 1>how it all plays out. All right, folks, that's the news.

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<v Speaker 1>Let me know what you think. Leave your thoughts and

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<v Speaker 1>comments below, hit the thumbs up button. Subscribe if you

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<v Speaker 1>subscribing to my free email news. It is one hundred

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<v Speaker 1>percent free to link. Will be in a description. Check

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<v Speaker 1>out my book on Amazon grab a copy. It's available

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<v Speaker 1>in paperback, in digital, and my course at mycrypto course

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<v Speaker 1>dot com. This is a comprehensive course that teaches you

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<v Speaker 1>everything you need to know about crypto and blockchain. Folks,

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<v Speaker 1>thank you so much for tuning in. I appreciate you all,

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