3.6 • 626 Ratings
🗓️ 15 June 2022
⏱️ 22 minutes
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0:00.0 | In today's show, the biggest Bitcoin exchange inflows since 2018 puts a potential 20,000 |
0:04.9 | our bottom for the King Crypto at risk. And as crypto analysts, CryptoCAPO shares here, |
0:10.0 | I really doubt 20,000 and 1,000 will hold for long, referring to the Bitcoin and Ethereum |
0:14.3 | price action. How long will we go after those levels break? Well, 18,000 is a good high time frame |
0:19.6 | support. And as Willie Wu points out, all of these |
0:21.9 | models paint pictures where the lower bound may lie. I think it's simpler than this, in my opinion, |
0:27.0 | we'll find the bottom when the macro markets stabilize and quoting Qigang Yu from Crypto Quant. |
0:32.2 | This selling pressure came from Binance and FTX. Bitcoin exchange inflow, coin days destroyed, |
0:37.2 | indicates old oil deposits. While Binance'sow, coin days destroyed, indicates old oil deposits, |
0:38.9 | while Binance's inflow coin days destroyed reach a year high before the drop. Also is shared here |
0:44.5 | by Max Kaiser, Michael Saylor or Michael Strategy, has teen up another $500 million Bitcoin buy at these |
0:50.2 | levels. These prices are a gift. Michael Strategy has room on the balance sheet to buy another |
0:54.9 | half a billion dollars in Bitcoin. I'm hearing the board has given Sailor the green light to |
0:58.8 | back up the truck and buy size. He is chilling on his yacht at present, but we'll make a decision |
1:03.7 | soon. Also in today's show, Bitcoin miners exchange flow reaches the seven-month high as |
1:08.7 | Bitcoin price tanks below $21,000. Also in today's show |
1:12.5 | is the bottom in. Rao Powell and Scaramucci load up and Novograt's weighs in, quoting him here. |
1:17.1 | Ethereum should hold that around $1,000 and it's $1,000 right now. Bitcoin is around $20,000, and it is $23,000. |
1:24.9 | So we are much closer to the bottom in crypto than you are, where I think |
1:28.3 | stocks are going to have another 15 to 20% decline, including macro guru guru Rao Powell with the |
1:34.1 | weekly RSI at 31 and the lowest ever at 28. That too suggests that the low is within, |
1:39.0 | striking distance. Don't ever expect to nail the low. However, the Mark Weekly chart suggests |
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