Is Crypto Still The Best Trade?
Episode publishedPodcast: 1000X1000X
Transcript preview
Preview only
But, like, the markets are telling you, show me the the global economic collapse. Otherwise, I'm just gonna keep grinding higher, basically. Like, cash is trash. S and P is, like, the real denominator of, like, American savings now, And Bitcoin is, like, the risk asset that you could take a bath on, but probably won't.
This episode is brought to you by Kraken OTC. Get access to twenty four seven trading services for high net worth individuals and institutional clients to execute orders over $50,000. You'll hear more about them later in the show. As always, investments in blockchain technology involve risk, terms, and conditions apply.
Anyway, guys, welcome back to another ThousandX podcast. It's been a fun week. Lot of lot of new headlines, but the market's been pretty stable so far, Jonah. What say you? What have you been looking at?
I mean, it's not the kind of market where we have a whole bunch of new news factors to talk about or price action to talk about. But, you know, Bitcoin's hovering near the highs, and I keep thinking to myself, a wise man named Avi Feldman once told me BTC never stabilizes on the highs. Right? It never just ranges on all time highs. It it usually busts through them and goes way higher or it nukes and goes way lower. And the logic behind it and the technicals behind it are debatable, but, you know, whether or not the logic is recursive is kind of irrelevant because it's true. So, basically, are
feels like that's really the
question.
What's what's what's kind of interesting here is that the answer my answer is no for for for for for right now. I will say just talking about Bitcoin for a second, I wanna talk about trading this thing. From the lows of about 100 k, that happened, at June. June 22 is when we had that little wick, and we had a pretty big liquidation where we got rid of about 20,000 coins in open interest on futures. We've added basically all of that back. And so there is still a reasonable amount of leverage in the system. And one thing that concerns me is that we're ranging on the highs despite all of these tr
do you want do you wanna sell Bitcoin, or do you wanna sell some other crappier crypto asset like with for Cardano?
You you you you definitely wanna short the other crappy assets. With that being said, sometimes you can't do that in size. Like,
Keep exploring with a free account.
A free account preserves the short preview. Upgrade to Pro for the full transcript and episode chat.