Crypto Rundown: Bitcoin Snaps Back to $92K After $21B Wipeout – What Just Happened?!

CRYPTO 101

Bryce Paul & Brendan Viehman

Business, News, Business News, Tech News, Investing

4.6 • 821 Ratings

🗓️ 28 November 2025

⏱️ 67 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this Thanksgiving week Crypto 101 Podcast, Tevo, Brian, and Brendan unpack a wild month in crypto — from major liquidations to signs of a market bottom. They analyze RSI levels, short-term holder capitulation, and long-term fundamentals while breaking down the controversial MSCI proposal that could exclude crypto-linked companies like MicroStrategy. Other highlights include Raoul Pal’s eerily accurate 35% correction call, rising institutional ETH buying through Bitmine, and the debut of meme and multi-asset ETFs. The team wraps up with lighter topics like South Korea’s new leverage trading rules, the Monad ICO launch, and a heartfelt Thanksgiving message to listeners.

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Chapters

00:04 — Intro: Thanksgiving week episode, market volatility recap, and Fear & Greed Index setup.

03:23 — Market overview: Bitcoin, Solana, and Ethereum stabilize after major drop.

06:45 — Brendan’s technical analysis: liquidation effects, leverage wipeouts, and market ripple impacts.

09:50 — Bitcoin chart breakdown: RSI, consolidation zones, and signs of a potential market bottom.

16:49 — Long-term vs. trader mindsets and Bitwise perspectives on Bitcoin fundamentals.

18:51 — Short-term holder capitulation: 6% of Bitcoin supply trades between $83K–$86K.

23:47 — Pain metrics: 75% of Solana holders at a loss, signs of capitulation across markets.

27:55 — MSCI controversy: potential exclusion of crypto-related stocks like MicroStrategy from major indexes.

34:43 — Scaramucci returns: discussion on exchange “glitch” theory and market shakeout.

46:29 — Raoul Pal’s 35% correction prediction and macro cycle reflections.

47:40 — Fed politics: Trump’s potential Fed Chair picks and prediction market bets.

51:33 — Institutional buying: Bitmine increases ETH exposure, ownership jumps from 6% to 32%.

53:53 — Meme coins and ETFs: Dogecoin ETF launch, Solana inflows, and multi-asset ETF speculation.

57:21 — South Korea introduces training requirements for leveraged ETF trading.

58:23 — Monad token launch on Coinbase and blockchain gaming with bro.fun demo.

01:02:14 — Closing thoughts: gratitude for the community and Thanksgiving sign-off.

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Transcript

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0:00.0	All right, everybody, welcome back to the Crypto 101 podcast presented by Gemini, your bridge to the future of money.
0:12.9	It is Thanksgiving week.
0:14.6	There's a lot to be thankful for in general, even though we've all been through the ups and downs of the market the last couple days.
0:19.8	We had a spirited episode on Friday with Brian and Joe. It was getting, we came out of the gates hot to try to lead you all through the volatility. But we're back this week. We're going to try and give you an episode. We've had a ton of awesome podcasts come out. So if you haven't checked it, go back, listen to the Matt Hogan podcast that dropped on Tuesday. This is going out on Wednesday, and I'm going to give you guys a bonus episode over the weekend as well. So you have plenty of crypto content. But we're covering everything from reviewing the Fear and Greed Index. Brendan was not supposed to be here today, but he loves you guys so much. He's coming in with some technical analysis. We have some awesome stats around the
0:54.8	short-term holder capitulation. So what happened over the last 10-plus days has been just an
1:00.6	absolute historical short-hold short-term holder capitulation for Bitcoin. We have some interesting
1:07.9	predictions we want to go over. We're going to revisit the October 10th crash with some new data around the MCMSCI.
1:15.3	Brian's going to cover for us something that happened there.
1:18.9	Scaramucci, we haven't heard from a friend of the program of Scaramucci for a while.
1:23.3	He's got some comments on the October 10th.
1:26.4	Who got burned as well?
1:28.4	Some interesting, really interesting bitmine statistics when it comes to institutions and who is buying the dip.
1:34.4	And some more to end the show, Brian's got some fun meme coin stuff to go over with us.
1:40.1	So guys, welcome to the show.
1:41.6	Brian, thanks for coming back.
1:43.0	And Brendan, thanks for hopping in and
1:44.9	joining us. I know you didn't want to, you know, if you had the time you would and you're jumping in here, even though you weren't scheduled to. So thanks for joining us, Brendan. Yeah, man. It's, it's funny. We were talking before this. We're coming off of some really big, exciting podcasts that we're stoked to be able to roll out to everyone.
2:02.1	But TiVo's like,
2:03.4	Brendan, I think we need some technical analysis. And then immediately my ears perk up. I get excited. Everyone knows me. I love the charts. So I said, screw it. I'm making time. I'm getting in here. We're going to talk about all this. And man, it's's not every day I get to do one with both you and Brian. So now I'm feeling a little bit special.
2:22.6	Yeah, Brian, glad to have here. That's a great point. We don't mix and match the Brian,
2:27.7	Brendan, Joe too much often. So this is actually a very special holiday episode now that I think about
2:33.5	it. Yeah. That it is, man. That it is. Well, I mean, man, guys, where do we even start here, Tivo? You know, should we start with the charts? Should we take a look at coin market cap? Yeah, let's jump into coin market cap first. Let's recap where we were. Brian always likes to start with this. He kind of, it's his,
	...

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