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Thanks a lot. Happy Wednesday, everyone.

Welcome back to another episode of trading the markets.

Of course, we're joined by Chris Bullock, aka Blastoplastoplast.

This is the show where we break down what's going on in the market.

Talk about any trades we're interested in looking at. And of course, as always, take your

questions live. We've got a pretty great show for you guys today. Here is what we're breaking down.

We're going to talk about institutional Bitcoin holdings. We're going to talk about the apparent Bitcoin demand, U.S. liquidity versus global liquidity,

the Aerodrome versus Uniswap showdown and I guess hype showdown as well.

They've entered the ring in that one.

And we're going to be talking about the Monad token launch coming on Monday. It's going to be Coinbase's

first ever token sale. And they're starting with Monad, which at one point was the most

hyped chain to hit crypto Twitter. So we'll see how that goes and we'll break that down. And as always,

guys, please like and subscribe to the show and share it so that everyone can get their hands on this, get their eyes on this because we need to talk to markets, especially in times like these. Chris, happy Wednesday. How are you doing today?

Doing well, thank you. Yeah. It's funny, I didn't want to come into this show and just be like, oh, we're still waiting on the government to reopen. The prices are red. Everything sucks. What is there even to talk about? You know, it's just like so boring. And I get that. And it is. And of course, we are still waiting. We know the vote is scheduled to be at around 4. I think 4 p.m. today is what I last read. But it's likely to go late into the evening. It's not like we're going to know the outcome of it anytime soon. Obviously, we all hope that it will be positive in that they do reopen it and things, you know, kind of kick back on from there. So in the meantime, I didn't want to just, again, look at say, oh, Bitcoin's down today. Everything's down today. It sucks. So I wanted to kind of dig in a little bit deeper and look at some things that I'll be looking at for, you know, that have been going on over the previous month plus that it's been closed. And then what I think might happen and what I want to see happen going forward. And so I wanted to start by talking about institutional holdings, because I keep seeing, it's crazy.

If you go on crypto Twitter or X these days, I feel like it's really bad right now.

It's so polarized and everybody is just so insane and so angry and so agro, and it's kind of a mess.

But a lot of people are talking about institutions aren't buying Bitcoin. Where is this demand going to come from to sort of kick this off into the next year? Like all the sort of four-year cycle, doomsdayer people are just saying there's no institutional demand. And so I wanted to dig into that and be like, is that actually true? Like, what's really going on on there? And so I have a chart here that I

wanted to show. This is basically, we've got three lines here. So this is a Bitcoin candle chart

in the background. This sort of blue line is total aggregate institutional holdings, and then it's

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