Bitcoin… where are the buyers ?

Like seriously, WTF is even happening anymore. Stocks just keep ripping. Crypto keeps dumping. But this is the exact kind of setup, the contrarian setup that comes before major moves in the cryptocurrency market. We're almost a year into the bare market. Historically, we should be bottoming soon if we haven't bottomed already. That would then mean that once we find buyers, once we find We got a lot to talk about. Let's get into it, guys. Come on. First and foremost, this Oh man, thank gosh I have stocks. Stocks are awesome, aren't they? The SV 100 just hit a new all-time high. Broke 7,800 for the first time in history. Meanwhile, Bitcoin down 50% from the all-time highs. WTF is going on. Yes, nobody wants to buy crypto. Tyler says, "Bitcoin spot trading volume hits a sevenyear low." What? Sellers are exhausted, but there are no buyers. We ran out of sellers, but we can't find anyone to buy the buy our magic internet ponzi. Oh boy. Oh boy. It's actually pretty crazy. Bitcoin spot exchange volume falling to its lowest levels since Glass Nodes data began in early 2019. That is crazy. With Bitcoin caught between $63,000 median realized price and $68,700 short-term holder cost basis. Sell exhaustion indicators are approaching levels seen near previous bare market bottoms. Interesting right? Right now, we're at the levels that have hit previous bare market bottoms, October 40K. That's the bear thesis, right? The bears got to get some more data on their side because too much of the data has been showing up saying that the bottom's potentially already in or at least very close or possibly not going down as low as 40k. Let's put it that way. Quinton, the market is offering you the thing everyone will pretend they saw coming. 90-day coin destroyed just pivoted. You can see 2018 exact bottom. Exact bottom right here. We can see November 2022 exact bottom. Well, guess where we are right now. The thing's happening again. And the pivot happened June 2026. Was that the exact bottom? Well, we're going to know for certain in 6 months in hindsight and are waiting for perfect certainty is going to buy the next all-time high. It's how it works. Don't make the rules. This is the game. Learn how to play it. Gum says people are fighting on the timeline during the most illquid period of the year after a 50% dump on BTC, 70% doom loop on altcoins while equities are at all-time highs and AI trades still more than alive and metals bouncing back. You can bet your ass we're in the depths of bare market bottom soon. Yes, Bitcoin has broken out of our triangle, which in theory should be a pretty nasty breakdown here, but I feel like again, we've run out of sellers, but we still don't have the buyers stepping in. So, the exponential downside sell pressure just isn't really coming in. Like, yeah, we got a bit of a structural breakdown here. It's not fantastic, but I'm not rushing necessarily to short this move. Maybe I should. Maybe we're going down to 58K. We're gonna have a double bottom test here, guys. Maybe maybe we'll find out. Weakness, of course, it's middle of August. Everybody's on vacation. Not not dialed in buying Bitcoin is what they're not doing. Everybody's in the trenches over on Robin Hood. That's where all the money's being made right now. Tradfi, they're on the Amalfi Coast. They're chilling. Ain't got no time to buy Bitcoin. Buy Bitcoin two weeks and they get back to work. Now's that Bitcoin time. Real quick update on the trades here. Salana trade still chilling. ETH trade still chilling. Not much to report on these. This has been moved, of course, to the stop loss at break even. This still has danger associated with it because I have not yet moved that stop loss up to break even. We'll see how we go with these two trades. Still targeting on this one. Uh well, I tell you what, almost forgot I'm targeting this one. This one we're targeting $89 to take profit and $2,100 on the ETH trade to take profit. Those remain the targets. Stop losses in place. Set it, forget it. Let's hope it makes some money. Speaking of making money, let's give away some money. We got one final winner for the week to give a thousand dollars to. Thanks to the good folks over Bit Unix course. If you don't have a Bit Unix account yet, what are you waiting for? Link down below. You can get signed with Bit Unix. Use that link down below. Deposit USDT to be able to anyone anywhere by the way. So, wherever you are in the world, you can probably use Bit Unix and then you can start trading sui.me. You just won a $1,000. Congratulations. Enjoy it. When you deposit USDT over on Bit Unix, you can trade crypto, all your favorite stuff. Bitcoin, Salon, XRP, they got your exotic dog coins, whatever you guys want to speculate on. They got metals, they got oil, they got stocks, they got stocks, man, which is great because if you're a crypto native and you want to deposit USDT somewhere and then trade with a bit of leverage on stocks, Enix got you covered, man. Link down below. So, go check it out and you can be in to win our weekly giveaways of $5,000, $1,000 a day, Monday to Friday. Link down below. Go check it out. Shaw says, "Uh, someone trading memes can stress for months, lose hundreds of hours of sleep, get rugged over and over, be in debt, dead broke on the verge of going insane, still wake up every day convinced they're going to catch the next runner and change everything. Can we have a little more of this belief in the market?" Come on, guys. Come on. We need this kind of relentless, blind optimism. Cash Cat. Cash Cat back down $116 million. Had a nice little run here, but the trend has definitively broken here on the 4 hour charts. Needs to get it [ __ ] together, bounce back higher. This, I think, remain the currently remains the main runner on the Robin Hood chain. Will probably continue to get a decent amount of attention, but um not currently. Not currently. It' be nice to see a sucker run up to like uh half a billion half a billion dollars. Come on. Are we asking so much? Can we send this picture of a cat to half a billion dollars? People used to believe in things, you know. I am old enough to remember back in the day when people would buy memes and then hold them and they would go up. Bring back those times. Ah, jokes aside. Anyway, the cash cathing remains one of the best uh meme related bets if you are looking for something that's not, you know, a 10k [ __ ] or a 100k [ __ ] which I know those have more exponential upside, but they also have much higher chance of going to zero in a very quick amount of time. But, you know, people like playing that game. What are you going to do? ETH. ETH has been doing like, look at this. Look at this chart since the 14th of July. A month of literally nothing happening for Ethereum. The average price in the last 30 days has been $1,890 which is like $10 below the $10 above the current price. It is like watching paint dry watching Ethereum right now. Meanwhile, SpaceX is up 40%. Elon Salana pretty similar situation actually here on Salana is sitting just at the key moving averages is a bit nicer than like Bitcoin which is trading under both the 20-day and the 50-day EMA. Salana's trading right at the 50 and 20-day EMA. It did have a bit more of a pop here to the upside, but then of course retraced everything and is now just sitting doing literally nothing. Days of sideways action, the kangaroo market. But while that goes on, the thing I've been talking about, I think a lot of people are talking about and I think a lot of people are going to keep talking about of course is this. And Gum uh says here said, "I will not stop screaming about this. Only two of the top 10 projects by revenue are investable. You are being gifted with money printer machines that put money back into the token instead of trying to gamble it away. Own the house, don't play. Tether can't buy it. Circle stock. Slow bleed. Yeah, I could see. You know, I could see there's a case I think to be made for the circle stock and ah I haven't bought any but I just have so much crypto exposure in my stock portfolio already. I really don't want anymore. I've got so much crypto. I don't need any more freaking crypto. But circle is probably an interesting stock especially these levels. Anyway, besides the point pump, great tokconomics indeed. Indeed. There was a I was reading there's you know big unlock that happened the other day and it's all been absorbed already because there's so much buybacks every month 20 to $30 million a month in buybacks which basically negate any of the unlocks happening which is good which is good unis swap bad token you know the unis swap tokens got a little bit better it does have a buyback mechanism now but it's it's much weaker compared to something like pump uh canton's got buybacks who know happened to that hyperlid remains the goat uh there's not all the ones listed on I think uh Ether is starting to get a lot of attention. Uh JUP is definitely worth paying attention to. Light uh light lighter. So I'd think lighter, hyperlid Jupiter you know, pump Hyperlid. I these are ones that are Etherfi. Definitely worth paying attention to some of these names here because they've got the right n they've got the right mechanisms, the good revenues, and the right meta at the right time. like says, "Uh, pump's always been undervalued by from a pure numbers point of view. The only thing that stopped them from performing is execution, which is finally shifting into a very competent and effective go to market strategy for new products and updates. We all forget the token was born 2 months before 1010." Yeah, it's crazy. Actually, I never saw an actual bull market. Many are not prepared for what this token is going to do. Bought more going to I'm going to keep I've been adding in, you know, I didn't add that much during the the absolute depths of the bare market. It has more just buying Salana during that time, but it's still 50% or 40% under the freaking ICO price, right? So, I think I'll keep adding a bit more to this bag. I think this is going to surprise a lot of people when the bull run comes back. Andy says, "Hyperlquid and pump fund leading that leg makes sense. They're the most profitable, widely known onchain businesses. Treat their token holders as first class citizens are shipping like absolute madmen. The game has changed. Make money value or the market simply isn't caring." [ __ ] a right, man. So, how many how many tokens out there are just dead? No one gives a [ __ ] about them because the companies don't give a [ __ ] about them. The the tokens were an afterthought. They were just a way to extract money from the market. Anyway, pump pump at the top of the channel again. There will be a retest down at the bottom of this channel at some point. Currently in a nice little uptrend here. MACD threatening potentially next in a few days here to roll over into a bearish crossover which could send it back down either to the bottom of this channel potentially back down as far as the 200 day which will probably be a a gobbling opportunity for this bad boy if that does end up happening. I'm going to bring up the hype chart real quick for you guys too. We had the unis swap chart up here which by the way I'll just quickly mention unis swap has had a huge move down. Uh RTA guys absolutely nailed the move by the way in the inner circle. If not in the in the air circle, it should be in the air circle because our report was issued back here at uh $2.90. The sucker ripped to 450. Okay, trade alerts came in at 290, ripped to 450. I mean, come on. Come on. Not bad, right? Not bad. If you're not getting those trade of the day alerts or those trade updates, you're missing out. You're not in the inner circle. There's a link down below. 7-day free trial. Go check it out. Anyway, this thing's had a pretty big move down. Almost hit oversold, but not quite. Not quite. So, we'll see if that can actually uh have a bounce here. Hyperlquid, of course, is the other one that everybody loves to talk about. Let's have a real quick look look at the chart here. HypeUSD, it has been chilling here for a while. Nice little downtrend has formed up as you can see here. So, it has not broken out above this orange line yet. When it does, we'll see a probably much more dramatic move coming in. Currently, it's in a downtrend. That means probably an accumulation time here for uh hyperlquid, especially if you're a hype bull and think that this has a long-term potential for being the market leader, continue to be the market leader. The flip side is lighter has a much much lower valuation and perhaps there's more opportunity there for something like lighter, etherfi, jupiter. Sometimes the winners just keep winning. It doesn't mean you have to you don't have to choose one or the other. You can maybe choose a few of them. Maybe you want to have a bit of hype. Maybe you want to have a bit of lighter. Bet on both. Anyway, that's it for today. You're awesome. No, really. You're awesome. Thanks for watching. I'll see you next time.