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Alright. Hey, everybody. Welcome back to another this is how's the next live stream. This stream will not be brought to you by Helium or bad Wi Fi. Cross your fingers, Jonah. Let's see if I can make it the whole time. I
think you can. We can do this. That's okay. I
love, love your background, by the way. Thank
you. It's kind of how I'm feeling right now. It's, it's one of those markets where, you know, I do believe that we're in, you know, kind of a mega trend upwards. I do think that Bitcoin is headed north of a $150,000, not financial advice at some point before we enter the next nuclear bear winter. But what's freaking me out and what I would be if I didn't have a framework to kind of cling to right now, I would be panic selling. The reason why I'm kind of it, like, a little freaked out and panicky, but containing myself and doing nothing is because crypto is so election dependent right now. I'm
Honestly, I'm a 100% on board with that. And the issue the issue really is that we've just lost interest in crypto. People have lost interest in buying it. People have lost interest in trading it. It's gone from being, you know, a hot topic of conversation to something that people have genuinely stepped back and they go, well, I don't really know. Hence, the background. I like, what I don't know what to make of this thing. Because, obviously, Kamala has made statements about being more supportive of crypto than than Biden was, but the issue is that the the two paths are so massively divergent.
I mean, I couldn't agree more. I think I think that, you know, I one of these, it's not like a moment to just sell all of your crypto and forget about the asset class because I think that, you know, if we do get a Trump outcome, which is looking increasingly likely on November 5th, there's gonna be there's gonna be some pretty crazy upward price action. Like, I think we could enter some of the some of the most parabolic sort of bull euphoria type candles that the market has seen since 2021. And you don't wanna miss out on that. You don't wanna dance between the raindrops and miss out on all th
think that I think I think I think that's a reasonable trade. I mean, I just wanna point out one thing that you said, which is the the way that the way that Bitcoin has been trading, just ridiculously low liquidity. The tick sizes, I mean, normally, what you see is Bitcoin will move a dollar at a time. And if you're staring at the charts like I do way too much, you're noticing that Bitcoin is now moving 5 to $10 at a time, which tells you that there's very, very, very little liquidity in this market. The way that Bitcoin has been trading is effectively as though one person is dictating price a
some of those some of those ETF flows, we need to be careful, though. Some of those ETF flows are, just basis unwinds. Like, people were probably long CME and perp basis and just unwinding it as the market came off and those bases collapsed, like long ETF, short perp, or short future on the CME. So some of those outflows are just like, oh, the bay the arbitrage is gone. Let me unwind the trades. So it's not like actual risk exiting the market. Some of it is, though.
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