Crypto's Flash Crash, What Next? | 1000x – 1000X

Avi: Look. I'm a bull. That's why there's a bull behind. So when you look, it's green. It's green.

There's no more bear. Bear's gone. We got rid of the bear. But I do think that it's very possible that we're just entering into a new downtrend. The people that bought below, they're probably gonna sell 60 k, and then 60 k turns into turns into resistance.

It'll be very hard to get people to buy an asset like crypto, which is so volatile. I think you'll 30% down in a week. And this is what we've learned in basically every major crash scenario, is that there's no such thing as an uncorrelated asset when things are falling apart. If the equity markets continue down, then Bitcoin's, in my personal opinion, still in big trouble.

Jonah: This episode is brought to you by Perennial Finance, the on chain DeFi primitive redesigning derivatives for the DeFi native. You'll hear more about Perennial later in the show.

Avi: Welcome back to another I don't remember. God, you can tell you can tell I've been starting to charge too long. Well, I can't even talk properly right now, Jonah. I don't know about you.

Guest: Yeah. I mean, I'm I'm pretty fried. Not not like anything's going on in the markets or anything, Avi. I don't know. Have you seen anything happening in the charts?

Avi: No. I mean, what did I do this weekend? Went to West Virginia, saw my parents. They met my girlfriend. Nothing really else happened.

You know? Yeah. Same. You know? Oh, is Bitcoin 55 k right now?

Oh, did it did it hit did it hit 49? Did I miss something?

Crypto's Flash Crash, What Next? | 1000x

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