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CONFIRMS AGAIN the Bottom Is In, Bitcoin Price Chart 2nd Week Above 50-Week Average, Altcoins Moving — Transcript

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0:13Hey,
0:14what's going on everybody? This is the
0:17Blockchain Backer bringing you the
0:19latest cryptocurrency news and analysis.
0:22Today we'll be taking a look over here
0:23at the total market cap of the
0:25cryptocurrency market and the Bitcoin
0:27price chart now that we have two
0:28consecutive closes above the 50week
0:31moving average that not only were
0:33capable of closing above this 50week
0:35moving average but also able to continue
0:38higher above the 50we moving average for
0:40two consecutive weeks. We've seen this
0:42in past market cycles. Of course, we did
0:44this back in 2023 where we were able to
0:47significantly break and then the weeks
0:49after continue marching higher only to
0:51build a range afterwards. 2019, of
0:54course, was a big break, another
0:55continuation, and then we went into a
0:57full-blown retrace of the entire bare
0:59market and then just continued ranging
1:01afterwards. But over there back in 2015
1:04we of course broke from the 50we had a
1:06continuation week and then that third
1:08week gave quite a big move in here but
1:11still we remained rangebound there in
1:14that precapitulation
1:15kind of rally prior to capitulation as
1:18I've deemed it over the past several
1:19years. That's really kind of where we
1:21got stuck back in 2015 and 2016. That
1:25range for us here in 2026 was right in
1:27here. this rally prior to capitulation
1:31coming in here. We've now entered back
1:32into that range. Two consecutive green
1:35closes and continuations happening here
1:37above the 50. So, it's all optimistic.
1:39Lots of green throughout the market. And
1:40of course, we've seen a lot of action
1:42over there in the altcoin market in
1:43various little sectors and spots. I
1:45personally do not own any Q&A.
1:49You guys have given me a hard time over
1:50the years for calling it quaint quaint.
1:52I don't know what I call it. Uh but last
1:54week it saw a 420%
1:57increase in a matter of one, two, three,
2:00four days. So what a huge move to come
2:02out of there for quant after being
2:04rangebound in here ever since the bottom
2:06back there at the capitulation phase of
2:08June of 2022. Long range, huge move. And
2:12of course, we're seeing this type of
2:13stuff show up in here after we've gotten
2:15through really the worst of the market.
2:17Another side note about this coin, which
2:19is funny because I don't own any of it,
2:20but you guys have asked about it a lot
2:22over the years, and I've been to
2:23multiple crypto conferences where people
2:25say, "Yeah, I own quant because of you."
2:27I'm like, "What are you talking about? I
2:29don't even own any of it." But I'm happy
2:31for you guys on that one. You know,
2:33otherwise, this market is acting exactly
2:35like what we would want to see. We've
2:36seen all the technicals to get our way
2:38out of the absolute despair of the
2:41market. The thing of course I'm just
2:42like cautiously on alert for preparing
2:45for is like we kind of go through
2:46different phases and if you just kind of
2:48like reflect back over this last year on
2:50the different phases and how we're
2:51always trying to look forward. I'm never
2:53really trying to kind of like live in
2:55the moment of what's happening. I'm
2:56always trying to look to you know what's
2:58the next thing we can probably expect to
3:01happen in here. Like imagine being at
3:02the top right that the thoughts are hey
3:04we're going to enter into this bare
3:06market. There's going to be some
3:06liquidation anytime we see the 5day MACD
3:09start to cross. Historically, it always
3:11means this big liquidation comes next,
3:13right? Then what did we get? We got the
3:14October 10th liquidation. Boom. Then all
3:17of the larger time frame indicators
3:19said, "Hey, look, it looks like we're
3:20going to go into a bare market." So, we
3:22have to look at it through that lens of
3:23a bare market. Then we say, "Hey, look,
3:25we've gotten our way now down to the
3:26100week moving average. What
3:28historically comes next after we get to
3:30the 100week moving average?
3:32Historically, we're going to end up
3:34going into the capitulation of the
3:35market." So, we spent a long time
3:37talking about this market hasn't
3:38capitulated yet. there's probably going
3:40to be this capitulation. Then eventually
3:42we get the capitulation and then we say
3:43okay that's capitulation. Now let's look
3:45what happens to markets after this.
3:47Typically we range at the bottom. We
3:48have to do bottom building behavior.
3:50Here's the various things. Then we talk
3:52about hey you know technically we're
3:54going to see one more liquidation that
3:55happens at the market. In the market it
3:57doesn't always set a new low but here's
3:59what they can look like. Okay. Now that
4:01we've had the liquidation happen we can
4:03see the crashing structure. What tends
4:05to happen after the crashing structure
4:07happens? What tends to happen after
4:09we've already gone oversold? What's the
4:11next thing we can look for? That's going
4:12to be shifting our way back up to the
4:1450week moving average and then trying to
4:17see our breadth show back up like we
4:19historically do after we've already done
4:21all of the bottom behaviors and get back
4:23to the 50week moving average. We look
4:25for breadth. We get the breadth. Great.
4:27Now we've done everything that marks the
4:28bottom and it's like, okay, so what do
4:30we look for next? Right? Well, the next
4:32thing we all look for is like, okay, are
4:34we going to go to all-time highs right
4:35now? Right? And historically, we tend to
4:38have to build a new range at some point.
4:40And so that's what the the main focus
4:42for me has been has been like, okay,
4:44look, we we're looking good. Things are
4:46looking good. We've done all the things
4:47we need to for a bottom, but now we kind
4:49of get back to this area where we tend
4:51to try to kind of like range out for a
4:54little while. And where could that range
4:55start to build itself at? And that's
4:58where we're at, right? And like what the
5:00nice thing about it is that we just kind
5:01of keep getting these confirmations
5:02throughout the market to still signal,
5:04yeah, that bottom's behind us. I don't
5:05think Q and NT taken off like that after
5:08being rangebound for 4 and 1/2 years or
5:10four a little bit over four. Uh that's
5:12not something that happens if we haven't
5:14turned a corner in this market, right?
5:16And so like being a content creator in
5:18this space, I know it's like
5:20forwardlooking is like the worst thing
5:22you can do as a content creator. Even
5:24though everybody wants that, like they
5:25want to know what comes next, the thing
5:27that definitely gets the most clicks,
5:29the most engagement, and the most
5:30celebration is truly focusing on what is
5:33happening today. Hey, what is happening
5:34in this exact moment rather than
5:36forwardlooking. So talking about, you
5:38know, hey, we're probably going to end
5:39up ranging out here at some point is not
5:42the like the sexiest thing we could
5:44possibly talk about, but it's the most
5:45realistic thing to really be looking
5:47for. Frankly, I would not be surprised
5:49if we just keep climbing though and that
5:51our range boundary really all exists
5:54within here. But what we know is that we
5:57tend to always build a range after we
5:59get through the 50WE moving average,
6:01right? We go through things like the FTX
6:03collapse. We have the big push back to
6:05the 50we. We break out and then
6:06eventually some larger range ends up
6:08getting built. You know, 2018, 2019 was
6:11kind of its own monster. And I don't
6:13think we structurally have the same
6:15setup as we did back then because I was
6:17actually making YouTube content during
6:18all of this and explaining this that
6:21this is like wave four and we try to go
6:23for like a fifth wave, 4.236 extension,
6:25which is exactly what we hit on
6:27Bitcoin's market cap at the peak of
6:292021, right? Like I know it's hard to
6:31kind of reflect back that long ago and
6:33and not everybody who watches this
6:35channel was here during that time, but
6:36that this was a wave four to go hit that
6:394.236 extension on the market cap and
6:42why I received a lot of criticism at
6:44that time too while also calling the top
6:45of Bitcoin at that time. But what I see
6:47in the market today is not reflective of
6:49what we had happen back in here. And I
6:52don't necessarily even believe that what
6:53we see today is reflective of what we
6:55had back in 2023 either because of that
6:59large divergence that has happened
7:00between the crypto market and between
7:02macro markets where this huge separation
7:05exists between the two unlike what we
7:08had back there in 2023 where we were
7:10still woff accumulating down in here for
7:12the Russell 2000 and a lack of breadth
7:15throughout markets and that crypto was
7:17no different from that time and of
7:18course at that time Bitcoin was still
7:20stuck. uck underneath the real peak of
7:23the market fall that happened in here.
7:25And we I'm not going to go into too much
7:26detail about it cuz we've done that many
7:28times over the years that the true peak
7:30of the market for 2021 was back in here.
7:32Elon Musk, Wall Street Bets, Laserized
7:34Diamond Hands, and the true peak of our
7:36market for crypto this time around was
7:37back here in January of 2025. But that
7:40we were still struggling to even be able
7:42to get through that floor down in there,
7:44let alone even be able to get back up
7:46into that rally prior to capitulation.
7:49that that level would be a little bit
7:50lower than where we're at right now and
7:52that we're already exceeding above that
7:54as if we kind of broke out and that
7:55we're trying to kind of build a range a
7:57little bit higher. I think that that
7:59still to this day I think the most
8:00logical analogy to make of Bitcoin's
8:03current price action is really still the
8:06exact same modeling that we've been
8:07following for the last year and a half
8:09since February of last year in 2025 when
8:12we started creating this extreme top and
8:15then a massive bearish divergence to
8:17ultimately go into a major correction
8:19back to the low just like we did back in
8:21here or back to the previous high that
8:23all the discussions we've had in here
8:25were that we've already gone down and
8:26done the crashing structure throughout
8:27out here and that we're trying to regain
8:29steam. Similarly to after already being
8:32through all the worst, after shaking out
8:34the crowd and reducing sentiment and
8:36that what we're really trying to do
8:37throughout in here is just kind of stair
8:39step our way up, but that we will likely
8:43get stuck in that pre-capitulation
8:46rally or rally prior to capitulation
8:48range until we can really work this
8:51thing out and then eventually be able to
8:53get our way out. And so right now it
8:55seems more like a repericing event
8:57happening in the market. Everybody kind
8:58of waking up to being like, "Oh no, I'm
9:00off sides and a lot of capital's trying
9:02to get itself set up and poured back in
9:04at the right places throughout right
9:06now." But like I discussed kind of in
9:07heavy detail in the last video. It's
9:09that we we don't see any signs yet that
9:11this is like alt season. And I wrote
9:13about that in my last newsletter on
9:14being like, you know, when do all
9:16seasons historically show up? And we're
9:18typically going to see them like in
9:19expansion moments happening in the
9:20market. And right now this isn't one.
9:22This is like a repricing, a
9:23recalibration of the market happening.
9:25And we could see that in here by there
9:27being no separation happening between
9:29Bitcoin and between the altcoin market
9:31in general. And you can see that here
9:33too if we just put Bitcoin right next to
9:35total 2 or the altcoin market which
9:37excludes Bitcoin to see where we are.
9:40Here's the rally prior to capitulation.
9:42Here's the rally prior to capitulation.
9:44We're just kind of moving in lock step.
9:46The whole thing is kind of moving with a
9:47repricing event for the whole market. So
9:49it tells me that this is still probably
9:52the most likely thing happening in the
9:54market currently right now is that this
9:56is all of our repricing happening in the
9:59market. Then our ranging through here
10:01and then we prove that we can escape
10:03from this range and then try to go stab
10:05up there at the all-time highs and then
10:07once we can get an actual expansion,
10:09that would be where we see the
10:10decimation of the Bitcoin dominance in
10:12here. Uh my thoughts are that the peak
10:14of the altcoin market probably comes in
10:16right there, right when we get to about
10:1735% Bitcoin dominance. But we've just
10:20got to kind of work through all of these
10:21separate phases first before we can get
10:23there. And that's okay. Step one, look
10:26for bare market. Step two, understand we
10:28haven't seen capitulation. Step three,
10:30acknowledge that we've seen
10:31capitulation. We're trying to do bottom
10:33building formations. Step four,
10:35acknowledge everything has already
10:37happened and now we just need the last
10:38confirmations of bullish divergences on
10:41weekly relative strength indexes and
10:43MACD's. Step five, get the breadth to
10:46open, get the 50week moving average to
10:49break. Step six, go through the wall of
10:52worry and try to determine where could
10:54those problem areas be during a wall of
10:57worry. And then after we get through all
10:59of that, step seven, expansion. And with
11:01that is typically where we see alt
11:03season and we see the Bitcoin dominance
11:05collapse. So right now we're in the step
11:07where we're in the wall of worry
11:08acknowledging that ranges do build. But
11:10the thing that I kept harping on over
11:12the past several weeks and months is
11:14that whole conviction thing. Because
11:16once we enter into those things, all of
11:18this excitement, all of this greed, all
11:20of these happy golucky feelings that we
11:22have, which we knew would return, they
11:25start to fade once you get stuck in a
11:27range for a little while. Pessimism
11:29returns. all that negative content
11:31returns. influencers start like hedging
11:34their calls and saying I don't know I
11:36don't know this could happen that could
11:37happen this could everybody starts kind
11:38of hedging themselves and it creates a
11:40lot of doubt a lot of doubt everywhere
11:42um there won't be any doubt here
11:44convictionwise you don't do these types
11:46of things without the bottom of the
11:47market already being behind us any type
11:49of corrections from here on out or
11:51considered opportunities but I think
11:53what will be more interesting will be to
11:55see is if you know we still have a
11:56little bit of a climb to do in here to
11:58get back up to the upper bound of that
12:00range and how much more of these
12:02altcoins can really push at this point.
12:04Um, I do think really the whole market
12:07would cool off in that type of event.
12:09And historically, this is usually just a
12:12Bitcoin only event and people kind of
12:14start screaming at the altcoins, why
12:16aren't we moving? Why aren't we moving?
12:18Uh, and then the second that thing gets
12:20cleared, that's where all those altcoins
12:22wake up and that you see moves kind of
12:24like what you just saw with Q&T, but you
12:26see them more broad-based. So, I do
12:28think we're still within this altcoin
12:30reprising, kind of the reccalibration of
12:32the market of the 40 to 50k calls.
12:35Eventually, we'll cool down for a little
12:36while and then it'll probably become the
12:38Bitcoin only show as it tries to go back
12:41for the all-time high. Uh, but if the
12:43all-time high can get cleared, uh,
12:45historically, at this point in time, the
12:48focus of this market is no longer
12:50Bitcoin anymore outside of the Bitcoin
12:52maxis, they will just scream about it.
12:54uh but these are the type of times where
12:56the tweets on things like you know XRP
12:59it is time you may send that's where
13:01those types of tweets get made. I also
13:03think that will happen in conjunction
13:04with macro markets at the same time
13:06specifically with IGV and I am also like
13:10on edge because I just think you know
13:12there's there's a likelihood that this
13:13thing is still going to keep ranging
13:15throughout here and it would make sense
13:17that Bitcoin does have that style of
13:19ranging behavior throughout here in the
13:22event that we do see more ranging take
13:24place in the IGV because my best guess
13:26on timing on when we're going to see
13:28Bitcoin break out is going to be with
13:30macro markets at the exact exact same
13:32time. If you've watched this channel for
13:34a long time, I've always held that
13:36belief and that's because the data has
13:38always supported it. And then back there
13:40in 2024 when the market started ripping
13:42and XRP, it is time you may send that it
13:45was all incorporating in macro at the
13:47exact same time. It was not a
13:49coincidence that it occurred when it
13:51happened. There was the big picture all
13:53tied together. There was no secrets upon
13:55secrets. There was no secret secret
13:57ledgers or bank things or ISO200022
14:01or Fed buybacks or special liquidity
14:03operations or anything like that. It it
14:05was really just this big picture. And so
14:07I'm not so certain this big picture has
14:09cleared itself up yet. Um, but what I
14:12can absolutely see on the chart of
14:14course and that we've monitored this
14:15whole time has been that we got a nice
14:17lead here on the IGV to get back up into
14:20these retracement levels and to get
14:22ourselves back into this rally prior to
14:25capitulation and that we've now been
14:27ranged out within that rally prior to
14:29capitulation in here and that it makes
14:31sense that Bitcoin also let me let me
14:33take all this off here that Bitcoin also
14:35is trying to get back within that same
14:38range and that we're working that stuff
14:40out do. So, it's exciting to see the
14:43divergence start to close itself between
14:45the IGV and between the crypto market.
14:47And but those were things that we
14:48acknowledged way ahead of time saying
14:50this market's uh diverging. And a lot of
14:52times what happens with uh crypton
14:54natives or just investors in general is
14:56they look at those divergences and think
14:57to themselves something's wrong,
14:59something's broken. But usually what it
15:00means is we have to recalibrate and we
15:02have to get back in lock step with what
15:04typically matters. And a lot of times
15:06what really matters in this market is
15:07macro. And so we're starting to see
15:09ourselves start to catch back up in
15:10there. But you can even see it in there
15:12that even the IGV it's really stuck
15:13within that range. And it's only natural
15:16for that precapitulation
15:18range to provide some type of problems
15:21throughout in here which is where we are
15:23right in now. So you know those are just
15:24things I have to think about when I'm
15:25looking out towards the future. Are we
15:27past the bottom? History says yes. You
15:29don't have a single historical example
15:31to look at to imply we're not beyond the
15:34bottom. the things we look forward to is
15:35to saying, "All right, when is alt
15:37season going to start? When are we going
15:38to break into new all-time highs and
15:40what are the things that kind of stand
15:41as roadblocks in our way before we can
15:43get there?" And our current roadblocks
15:45right now is going to be that range,
15:46which is the range that macro markets
15:48are dealing with at the same time. But
15:50when we think about those, I'm always
15:52trying to like lay the foundation and
15:53kind of like emotionally prepare people
15:55is that if there's a correction within
15:57this range, which there's typically
15:59always some type of long liquidation
16:01that happens and we get headlines, $2
16:02billion liquidated from the crypto
16:04market in 5 seconds and it's like, okay,
16:07good. The leverage has been wiped out of
16:08the system at this point and that when
16:10we have that happen and especially when
16:12we're beyond the 50week moving average,
16:14they're historically opportunities,
16:16right? So, it's a very exciting time of
16:19the market because yeah, prices are up,
16:21but people who were grabbing in
16:22February, people who are grabbing there
16:24in June and July and August, they're all
16:26reaping their rewards. Uh, we all enjoy
16:28seeing green candles show up on the
16:30screen, of course. And I I kind of joked
16:32about being like a wet blanket in my
16:34last video because who wants to be the
16:35downer when there's like green candles
16:37to say, "Hey, we'll probably range out.
16:38People will probably get scared again at
16:40some point." And but the thing is like
16:42when we get to those moments I I get so
16:44repetitive and people always comment on
16:46that and I understand it and I know I'm
16:48doing it when I'm doing it and but then
16:50when those moments come when those
16:51significant moments come and it's like
16:53dude I heard about this like 30 times.
16:56It's that split-second decision where
16:58you're you're like questioning things
17:00and you have this like crazy thought run
17:01through your head and you reflect back
17:03on man this was beaten down in my head
17:05so many times that it like saves the
17:07day. And so for me, the only thing I
17:09really care about in this market is when
17:11we can actually get into expansion, when
17:12we can get into alt season. Otherwise,
17:14it's a a hold on for dear life market.
17:17For me, it's a, you know, strengthening
17:19my conviction part of the market cycle
17:21because what we haven't seen yet, and
17:23you have to think about this, too, what
17:24we haven't seen is any type of
17:25correction yet, right? The last time we
17:27had a correction, everybody was calling
17:29for lower and so we don't know how the
17:31crowd sentiment is going to be during
17:32the next the next correction that comes
17:34up. And you're fooling yourself to think
17:36there won't ever be one. but there will
17:38and then the crowd sentiment will swap.
17:41And so it's about kind of being prepared
17:42for that moment. So I'm not trying to be
17:44a wet blanket and be like, "Hey, we're
17:45going to correct. Watch out." It's,
17:47"Hey, whenever we do correct, be mindful
17:49that the crowd sentiment is going to be
17:51really bad." But you have to look at the
17:53really big picture of everything and say
17:55anytime these things historically
17:56happen, we're beyond the bottom.
17:58Remember when we were looking at onchain
18:00data, trying to isolate the bottom? We
18:02were like, "Okay, Bitcoin has now hit
18:0410.8 million coins in a loss." Look at
18:06this thing. I mean it went all the way
18:07down to 4 million in loss. Like this is
18:09what happens when the market has
18:10reversed, right? So corrections do
18:12eventually come. But when we get beyond
18:14these things on chain, when we get
18:15beyond these things with technical
18:16indicators, whenever the breadth has
18:18already opened and we're we're seeing
18:20just random firing off happening
18:22throughout the altcoin market, right? It
18:24has signified the bottom is behind us
18:25and corrections are opportunities
18:27throughout the market. So corrections
18:28will come. We're going to get near a
18:30range here pretty soon where one could
18:31really develop. I think it's reasonable
18:33that we, you know, we could march higher
18:35before that range really kind of sets in
18:37for a longer period, but I do also
18:39think, right, bring that optimism after
18:41talking about a range eventually
18:42building. I do think we're going to
18:44recover in this market faster than
18:46anyone has seen in the past and the
18:48four-year cycles and expecting that it's
18:50going to take, you know, still two years
18:52from this moment. I just don't think
18:53it's going to because of macro. I think
18:55it there's just there's no way to me
18:57this is going to take two years to be
18:59able to break out into an all-time high.
19:01And I know you guys love time
19:02predictions, but I I also think that a
19:04lot of people are having a really hard
19:06time wrapping their head around this
19:07market and how it's operating, right?
19:08You got the 10-year yield sitting at the
19:10highest it's been in 20 years, right?
19:12You got oil prices skyrocketing, you
19:14know, diesel prices, right? Like people
19:16are having a very hard time wrapping
19:18their head around this market because
19:19they're trying to like incorporate in
19:21things that happened in 2013, 2017, and
19:242021 into this market thinking, hey,
19:26this is not how cycles are supposed to
19:27behave, right? We're supposed to see
19:29these expansions. were supposed to sue
19:30like certain things happening with the
19:32Fed and all this stuff. And and I've
19:33kept proposing that, you know, the
19:35reason 2023 through 2025 was so wonky is
19:39because there was an absence of breadth
19:40throughout markets. And that what
19:42happens is we see a consolidation of
19:44breadth into mega caps happen when
19:46you're producing a bubble in markets.
19:48and that this is not going to be like an
19:50expansionary top, but more like a
19:52rotating top happening in the markets
19:54where capital is more so just slloshing
19:56around and that crypto is going to have
19:58its turn to go flying to the upside and
20:00it won't look like your 2013, 2017 or
20:032021 models. And I certainly don't think
20:05it'll look like what we saw in 2025
20:07where there was no breadth in these
20:09markets because typically what you see
20:11in bubbles when all the money
20:13consolidates into the largest capped
20:15assets within the asset class and then
20:17when the bubble starts reaching its peak
20:19which everybody's worried about now with
20:21that 10-year and with diesel and
20:22inflation and the Fed raising rates if
20:24it is the true peak we're typically
20:26going to see some type of rotation of
20:28capital happen and it's going to chase
20:30other things and that is why this is not
20:32the same. And I I spent a lot of time
20:34harping on it in 2023, 2024, and 2025
20:37that this is very symbolic of what
20:39happens in euphoric bubbles that are
20:41being printed where all the money
20:43allocates itself into the mega caps and
20:45the breadth completely collapses in
20:47markets. And a way to think about that
20:49is like Bitcoin back in 2017. And I know
20:52so so few of you have that reference
20:54point to think about, but like what we
20:56saw happen in the cryptocurrency market
20:57is that, you know, Bitcoin goes and
20:59breaks into its all-time high over in
21:01here and actually goes into an
21:03expansion. And like a thing to think
21:05about is like with XRP, right? So it
21:07gets into an expansion and XRP goes
21:10moonshots and breaks through its
21:12all-time high, right? As the expansion
21:14is actually taking place, this is where
21:16XRP can finally clear through its
21:18all-time high and go into a bull run,
21:20right? and it goes from, you know, a
21:21half of a cent to, you know, 38 cents.
21:24But then what happens from here and for
21:25the rest of 2017, right? This is like
21:28the first alt season. Then Bitcoin keeps
21:30going. All the capital gets sucked into
21:33Bitcoin as XRP tops over here, you know,
21:3638. The capital gets absolutely sucked
21:39into Bitcoin and it continues here from,
21:41you know, $2,000 all the way up to, you
21:44know, $17,000.
21:46And then we enter into a rotating top
21:49and the money starts to shift over there
21:51into the altcoin market. And so it's not
21:53unusual to see these types of bubbles
21:54get printed where the capital gets
21:56siphoned into the mega caps, which is
21:58what happened in macro markets that it
22:00was only the mega caps sucking in all
22:03the capital while we couldn't get it
22:05down in here. And so I don't know the
22:06point of this really long ramble is this
22:08video is already way too long already is
22:09to say I don't think it's going to take
22:11as long as what we've seen in past
22:13cycles. And I think everybody's having
22:14their a hard time wrapping their head
22:16around this stuff because they're
22:17looking at 10-year yields. They're
22:18looking at diesel prices. They're
22:20looking at Fed future rate hikes.
22:22They're looking at this way, that way. I
22:23wonder why won't it look like 2013,
22:252017, 2021? Why did 2025 look so
22:28different? And I I just think that they
22:30haven't studied bubbles and yeah, all
22:33that stuff of the, you know, inflation
22:35and diesel prices and the Fed and
22:3710-year yields, they are probably
22:39signaling long-term problems. But what
22:42happens is when we get to these peaks of
22:45these markets, which can lead to 20-year
22:47long bare markets, there's usually a lot
22:49of nutty behavior that happens at the
22:51top of them. And that's been my theory
22:53all along. And so, I don't think anybody
22:55who's looking for a clean expansion of
22:57the Russell and the NASDAQ and pretty
22:59happy golucky stuff is going to get what
23:01they're looking for. Their modeling is
23:03going to get them. They're going to have
23:04to think abstractly and think about
23:06bubbles and and that's what we've been
23:07doing on this channel. So, I don't want
23:09to sit here and say we're going to go
23:10much higher. we're going to do it a lot
23:12faster because of um no it's a
23:14long-standing thesis that I've had that
23:16I don't think most people have
23:18acknowledged and I don't think it's what
23:20people recognize at the peak of the
23:21market in 2024 and 2025 is that the
23:24breadth was completely dead and the
23:26reason that happens is because it
23:28happens when bubbles are being printed
23:30and when bubbles are being printed
23:31especially that magnitude where you see
23:33the capital get all siphoned into the
23:34mega caps there tends to be a rotation
23:36that happens at the end of that and I do
23:38think we will be recipients of that and
23:40I think it'll happen much faster than 2
23:42years from right now. And the pace we're
23:44going at currently right now tells me
23:45that's true, too. So, we have two
23:47consecutive weeks of continuing to close
23:49higher above the 50week moving average.
23:52Corrections will eventually come. Crowd
23:54sentiment will change eventually.
23:56However, our mindsets will be this is
23:59what we always expect to happen at this
24:01phase of the market. beyond
24:03capitulation, beyond crashing final
24:05liquidations, beyond breaking through
24:08the 50week moving average with the daily
24:10breadth finally opening corrections
24:12historically are opportunities once we
24:14get to these phases and we're just not
24:15going to be blind to the idea that they
24:17will eventually come. But I mean, in the
24:19meantime, what is there to do except sit
24:21there and kind of enjoy the green
24:22candles as they show up? For me, there's
24:24no action to take here right now except
24:26hold on for dear life. And that's just
24:28what I'm going to continue to do. So
24:30until we start seeing some like really
24:32obvious signs of a correction or
24:34something like that, that'll just kind
24:35of be the thing that we're in right now.
24:37Hey, things continue to march up. They
24:39look good. Corrections will probably
24:40come. We're looking for signs of them. I
24:42don't personally see any obvious signs
24:44right now. So until I do, I'll point
24:48them out. Otherwise, they it just looks
24:50fine. So hopefully you're doing well in
24:52this market, and we'll just kind of keep
24:53taking the punches as they come. But
24:55otherwise, I hope that you had an
24:56absolutely wonderful weekend. Um, I've
24:58been working on the next newsletter.
25:00It'll be published there on Wednesday.
25:02So, that's 2 days from today. Uh, in the
25:04meantime, of course, you can check out
25:05the one that has been published over
25:07here at blockchainbacker.substack.com.
25:09And of course, you get access to all the
25:10past ones as well. I do audio record all
25:13of these after they're put together. The
25:15last one was talking about the altcoin
25:16leaders. Really kind of comparing the
25:18different stuff between developer
25:19activity, utility, percentage draw
25:21downs, top 20 by market cap, and
25:23blockchains that when there's token
25:24demand, it leads to value acrruel. and
25:27which tokens those are from the top 50
25:28that do that. There's a link down here
25:30in the description of this video to the
25:32newsletter at
25:32blockchainbacker.substack.com.
25:34Otherwise, guys, I hope that you're
25:36doing well. You should be. But all
25:37right, that's going to be it. Thank you
25:38so much for watching. If you could,
25:40please like this video and give it a
25:42thumbs up. If you're new to the channel,
25:43please subscribe and hit the
25:45notification bell so you can be notified
25:47of when I create new content and when I
25:48go live. As always, this is not
25:50investment advice and I am not a
25:52financial adviser, but if you ever need
25:54a pickme up or a little bit of
25:56reassurance, just remember that the
25:58blockchain backers got your back. Have a
26:01good one.

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