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The underlying bid behind the Bitcoin is a lot of these corporate treasury vehicles that are buying up Bitcoin and Eith and Solana.

So that is new capital that's coming into the space.

And there's a lot of old capital, I would say, that's rotating out of crypto.

Yeah. old capital, I would say, that's rotating out of crypto. Hey, everyone, I'm Jensen S.C here with Andy Bear, and this is your weekly

markets roundup.

Joining us for today's show is Falcon X Global Co-head of Markets, Joshua Lim.

Hey, Josh.

Hey, how's it going? Not bad. Thanks for joining us for our weekly roundup. Now, we've got to start here. I know you've noted that implied volatility in crypto is near historic lows. Talk to us about what's driving complacency.

Yeah, and, you know, there is some cyclicality to markets, as we all know, the summer months

tend to be a little bit slower.

But I think there's something a little bit bigger than that that's kind of driving this

very rangebound market in Bitcoin and majors, which is that a lot of interest and kind of

the speculative capital that drives crypto market activity

...