Whales Are Buying 🐋 $4.7B Is the Trap 🚨 Follow the Money 💰

The whole gang is back. It's Monday. We

had a brutal record sell off last week.

Uh,

and we we're came through the other side

and there's some weird things happening

in the underbelly of where we are today.

But before we jump into today's story, I

want to thank everybody for coming. uh

the mods in the chat, links below for

these legends, and we're streaming on

all our channels as well. Uh but let's

go around the horn real quick. Mando,

welcome back.

>> Yeah, sorry for leaving you dry last

week. Must have been

>> good good time to be away actually.

>> I know. Feel like I've missed some real

humdingers, but uh

>> yeah.

>> Yeah, it was it was a crazy week.

Absolutely insane that um that 58 59k

hit. Uh I was didn't think we'd fall

that quickly that fast, but um but good

rebound and uh I think we're now looking

like we're back into that range we were

in in 2024 that that kind of when we hit

71k I think like 11 times. Um I think

that's going to be a difficult one to

get through but hopefully uh hopefully

we can.

>> Yeah. And and the the Vshape recovery

was pretty stunning. like literally

within less than 30 hours

drop K dropped 10K back up 10K so that

tells you there's bigger manipulation

players involved that was not an organic

move CTO

>> you made it survived

>> great to be here I have some charts we

will look at it today absolutely

>> yeah I think the big question we're

trying to address right now is like okay

2025 was lost 2026 got off to a very

bumpy start. Is there any hope or should

people be playing with something else

for the next year and then come back if

it's a traditional bare market? And

Marty, what do you reckon?

>> Yeah. Um, I had a great weekend. I went

to the waste management golf and had a

good time. I mean, obviously it was

frightening uh for everybody, but this

is what a 50% uh trace retrace looks

like. We've retraced pretty much January

2023 or January 2024

50% back to the Trump inauguration

price. That was our low. So, we're back

here where we were. Everything above

Trump inauguration might have just been

opium and uh and speculation. We'll have

to see. But I I feel good about this

being a sort of bottom formation. Um

obviously everything before market

structure. Like I always say, I don't

think the markets are very valid with

the amount of manipulation. So, it's all

speculation based and this is what it

looks like. So, here we are. Um, nice to

see you guys and let's talk about it.

>> It is actually interesting when you go

back to November 2024, right before the

presidential election. We're back at

that exact price. So, 15 months, 14

months flush down the toilet. Let's get

into today's story. This is called

crypto's final test. And people are

being tested by crypto and they don't

like it. So, the question is where are

we now? We have entered the deep phase

of what is now everybody the whole

narrative flipped last week. People

weren't sure if we're in a bare market

or not. Now everybody is saying yes it's

a bare market and yes we just entered

the deep phase for the first time in

years. The question is how deep do we

go? So we've seen diminishing returns.

The question is will we also get

diminishing draw downs? uh like is the

pain in or is there more pain to come?

There's lots of talk of the the super

bears are saying well we're going back

to 15k 20k. Uh other people are saying

50k is on the cards. Remember we did hit

59k last week if I'm not mistaken. Um so

70k was the number that many people

pinned would be the potentially the

bottom which is exactly where we are now

but we did breach that by another 10k.

So who wants to take this first? First,

I'm going to give it to you Mando first.

Um, entering the deep phase. What do you

think? We are now what 46% from the

peak. We went above 50% dip.

Do we struggle here for the next year or

will this be a shallower draw down with

a faster return? And I know it all

depends on the money flow, who's buying.

We'll get to some of the who's buying in

a minute, too.

>> Yeah. Look, I thought we'd we'd show a

little bit more support. that bottom we

hit in um last year when we got down to

about 75. We we basically just smashed

through that which kind of takes us back

to the 20 24 range. Um that range was

kind of between 55 and 72 73.

I I think we'll probably be in that

range for a little bit here. We were in

that range for a long time. Um nearly

eight months look like. So I think

that's pretty well defined. I have to

say that like if I'm just looking at the

charts, this is still a downward trend.

Like we we need to see um a pretty

strong reversal if that's if that we're

going to break back above the uh like

being a bit more of a bull trend. So

that would be kind of above like 85k I

think would start to look like we're

really starting to reverse it. So it's

quite quite a way before you can start

saying hey we're back towards a like a a

bull trend in my opinion.

I think that for that to happen, we pro

I'm still of the view that something

needs to like break almost for like in

the fiat system for for for crypto to be

looked at again. Like gold is going

higher still. It's rebounding quite

nicely above 5k now. So you still have

the debasement trade pretty strong. You

still have the weakness in the dollar

trade pretty strong. We had China coming

out today and telling its banks stop

holding treasuries which means that the

whole trend of of um moving away from

the dollar and also debasement around

the world is is still a very very strong

trend. Bitcoin just is not really

reacting to it so far but I do think

that

>> let's double click into that the

debasement trade was you know touted by

JP Morgan and all the big trout five

players and the most important asset for

the debasement trade failed while

everything else went up. Yeah.

>> What happened? And is is is there

something? A lot of people are very

suspicious. Maybe something is keeping a

lid on the price. Uh also the haters

love it. They're saying, "Oh, you're

saying Bitcoin's an inflation hedge when

really it completely failed. Didn't

work. What's going on? Any theories?"

>> That doesn't help. I think like the idea

that that gold is going higher and

Bitcoin literally got smashed. It it

does hurt the narrative. Like if if

Black Rockck's going on on CNBC and

saying, "Hey, this is digital gold and

it's getting absolutely smashed." It

doesn't help. There was a there was a

tweet last week which was like the 15

reasons why. And it was a mixture of of

things like, you know, it's become more

corporate. It's more political now with

in the US. It's kind of seen as more US-

ccentric rather than than global and

that's hurting China. It's quantum. It's

this. Like there's so many different

things right now. I do just think it's

just it's just like narrative is just

following price over all this sort of

stuff like some people are there was a

there was a tweet or a quote actually

from Mike Novagrats who saying oh

somebody sold their Bitcoin he was

worried about quantum I think when you

sell Bitcoin you kind of have to give a

reason why I don't know if this is

actually like quantum seems more I look

at it I'm like this is this could be a

long time before this is really really a

worry I just think that right now

there's just a lack of faith and and and

that can turn back up. There was a there

was an article in the FT over the

weekend and if you saw it which is like

oh Bitcoin's still 70k too high and it

was like oh you know there's the greater

fool theory is dying.

You're able to write articles like that

right now because everyone's just

feeling a little bit depressed. But you

know when when the price goes up

everyone shuts up and everyone's just

okay this is the next this is the

greatest uh innovation ever. This is a

better version of gold. This is easy to

transfer. You know this is easier to

store. this is this is just a better a

better asset. I think that will come

back very very strongly just with price.

It's just right now we're just seeing

what seems to be a replay of the four

year cycle

>> and price always overshoots to the

downside and to the upside and we're now

maybe seeing some of the downside stuff.

Let's go to you next CTO. What do you

see in the world and is there any hope

for us right now? We had that beautiful

bounce the 10k V.

>> Absolutely.

I can I can add one thing on the

previous slide first before we go into

the chart that I think is interesting

>> if you so there's two things to observe

here one is that the draw downs the past

three cycles have been roughly the same

so 80 to 85%.

But I mean they have been slightly less

I think the last draw the final draw

down was 79% I think in the previous two

85% then was 90. So they've been a

little bit less but not so much. But

there's another thing to observe here

also and that is that the previous three

draw downs from top to bottom have been

the same duration about one year.

So

if that repeats that would put the

bottom in October this year.

Of course we don't know that yet. Just

because something has happened three

times doesn't necessarily need mean that

it has to happen the fourth time. But it

is an important observation. So for me

that's at least one scenario that I'm

looking at that the duration will remain

the same also the fourth time and that

the you know I I think just like you

said James when the upside has been

diminishing perhaps the draw down also

diminishes a bit that the draw down is

not as severe this time I actually

guessed on 50% but now we've already hit

it So if the you know if there will be

another bottom in October it can't be

50%. So I have two scenarios here. One

is that it will largely repeat and that

there is a deeper

uh draw down and uh bottom in bottoming

in October but anything that tries to

predict I think is uh you know will lose

sooner or later. So this is a scenario

for me. At the end of the day, I will

just react to what happens in the price

because exactly like Mando said, the

narrative follows price. I think the

reason that gold has gone up is that

there's been a lot of buying of gold.

The reason Bitcoin has not gone up is

that there hasn't been a lot of buying

of Bitcoin. That's it. And then all the

other narratives just follow from that.

So I think no need to over complicate

it. if we get some big buyers of

Bitcoin, price is going to go up and all

those 15 reasons or whatever it was, you

know, it's 18 degrees and all of that.

>> There something you you triggered an

idea in my head too, CTO, and I'm going

to give this one to Marty. When you do

look at this chart, first of all, yeah,

the duration is sort of the same, but

it's actually not because it does get

shorter by about 25 to 35 days every

cycle. So, the duration is going down.

So that means this current draw down if

the if the trend continues will be about

300 days not 365. The second thing if

you ignore the big spikes down the

historic draw downs without those big

sharp anomalies towards the very end of

the bare market only hit 70%. We're at

50% now ballpark. So technically we are

way closer to the bottom than we are to

the top. So it would be an a good time

maybe to DCA in if you believe in the

asset class. Marty, what do you think

about that? 70% history pulling out the

anomalies which were, you know, a lot of

bad actors, bad players. It wasn't it

wasn't a bonafide asset class. There

were no ETFs. There were no treasury

companies. You know, sailor buys every

week, etc. Where do you see this going?

Duration and depth of draw down.

>> I think uh I mean I look at the weekly

logarithmic, right? So which which

basically for foretells diminishing

returns. So yes, I believe that the draw

down will be lower than it was and so

will the the alltime high. I think that

uh this is the great reckoning where

everybody on crypto Twitter, everyone in

Tradfire has realized that this is a

manipulated asset class and that the

price you know when we say the price I

think people assume the price is

regulated and audited and uh you know

valid and I've been saying for years I

don't think the price is that at all. I

think it's synthetic. It's made up by

the dominant exchanges and you know they

have complete control over it and if

they let go their mechanism then you

know everyone buys Bitcoin and it goes

up to alltime high including Black

Rockck and you know Sailor and everybody

who thinks they're bigger than than

hiphop uh you know they think they're

the guys. Well, I think this is a a

sharp wakeup call to them that at the

end of the day we still did the

three-headed winter mood pattern with

the 50% draw down just like clockwork

like we do on all time frames. So, at

the end of the day, you can buy all you

want, but these guys have control over

the price. And they did it. They took

out all of their longs, literally to the

last long, um, which they're sitting at

right now. Back to the Trump

inauguration price, literally. So,

everything above that was pure

speculation as far as they're concerned.

Now, where do we go from here? If you

look at the weekly logarithmic, I mean,

there's two scenarios, right? either we

we continue this V-shaped recovery

bouncing off the accumulation zone at

68, which we've just done again, and we

shoot back up to the trend line at 95,

or we do scenario two, which is deep

down to the bottom weekly logarithmic

trend line, which sits currently at 58.

Uh that's the coincidentally the weekly

200 SMA. So, we're sitting on the 200

EMA. We could come down to the 200 SMA

which will complete just like we did in

the first bare market in 2023. We would

touch that bottom trend line at 58 and

then do the the V continuing up the

trend line there back you know and and

gather steam again doing a full typical

manipulated pattern. So I think those

are the two scenarios. Either we see a

V-shaped recovery now continuing up or

we drop one one level lower, one

Fibonacci lower to the to the 68 uh the

58 which would take out the 10x leverage

positions.

>> So from a derivatives perspective there

is room to go. There is a lot of long

still. There's about a billion dollars

left down to the eight and 10x

positions. Uh but above us guys, there's

26 billion in shorts to liquidate um

back to just over 100,000. So that's

optimism. If you want optimism, there's

a lot more liquidity to the upside. The

problem is that buying Bitcoin, you

know, people think buying and selling

has anything to do with this. I disagree

and I'll continue to disagree. I said it

on the weekend, there is no market in

crypto until there's market structure.

It's all invalid. Um, you know, nobody

audits the Binance price. No, you know,

when people buy and sell on Binance,

nobody audits whether that order book is

actually valid and honored. The actual

price submitted into the cryptoverse is

whatever they say it is, and we don't

know what it is. So, until we have

market structure and some kind of, you

know, regulations and consequences for

that, you know, I think they can do

whatever they want. So, they they're

running their own playbook. Now, the the

the agenda is what we need to question.

Why is Binance manipulating the price?

Um, is, you know, is this potentially

one of the other scenarios which we can

talk through later, which is there was

that large billion dollar Ethereum

position from trend research sitting

down at liquidation 1830 on Ethereum. We

came down to exactly 1830. Maybe that

was the agenda was to liquidate that

position. Maybe this is uh you know IBIT

traders, option traders going, well we

there's more liquidity on IBIT options

than BTC native on on Binance. So let's

sell our Bitcoin and buy IBIT shares and

trade IBIT options. So it's going to be

a V-shaped recovery. There are lots of

scenarios, but at the end of the day, I

think, you know, we're following that

logarithmic weekly pretty pretty

accurately, and I'm going to stick with

that for now um until until it

completely breaks down under 58,000. But

the most important thing is we're at the

Trump inauguration price. I think people

forget that. That is really interesting.

Anyway, that's my thought.

>> We ran ran the clock back 14 months or

13 months, whatever it was. CTO,

>> tell us about the bounce

>> and historic resistance support levels.

>> Yep. Yep. Yep. So the trend is still get

down guys. It turned down in October and

um that is the that's the fact trend

turned down in October and it has

continued down since. That's the start

and the end of the story and it see

feels like we had a huge recovery but

when you see it like this

it takes a lot more than this to turn

the trend up.

So we we haven't turned the trend up

yet. What we have done which is positive

is that we bounced on the key support.

This support here broke but then the

next support which came from 2024 where

it bounced uh many times

and uh that's where it bounced again

this time. So hopefully this holds here.

That would be great if this this turns

out to be it. It was a 50% retracement.

I think 52%

from top to bottom. Uh 52%.

And you know that could be it. If it

breaks where or where where's the next

level if that's October or September as

you correctly point out James could be a

little shorter say September or

something like that. Where would the

next support level be if it breaks? I'm

not saying it will break but uh we can

have some qualified guesses of where it

would go if it breaks. Here on the right

side you see something called volume

profile. So that's price where a lot of

bitcoin have changed hands and this dump

here went into the bulk of that area and

then it stopped. The next bulk is down

here at 40 to 44k. So if this breaks,

I'm interested to add here at 444K. I

actually bought some on this support

bounce here at 62K

something. I didn't catch the exact

bottom of it, but 62K somewhere here.

And um yeah, because u it was a good

bounce and um let's let's see. and it

bounced at the kind of expected level

and if it breaks there the se the

September October

uh could be could be down here.

>> It's funny you mentioned 42K because

that was my previous bull run back in

2021 or with the price at which to stop

buying.

>> I remember you talked about that James.

Yeah. You said that you would buy

Bitcoin up to 42K. I remember.

>> Yeah. Yeah. Of course. the fatter layers

at lower prices. Um anyway, interesting.

Let's let's move on with the agenda. We

have more stuff to cover. Thank you for

that. But I think the the overall thing

is we're closer to the bottom than the

top. And I think that's

>> Oh, definitely.

>> I think one one good point to point out

because I think all of you getting the

same question. People have held it from

120 down to 60. Now it's like 60 69 and

asking should I sell now and that is

really chasing it's chasing after an

exit that is long gone and I mean I

cannot tell anyone what to do but

chasing after an entry that is long gone

usually isn't the good idea because

you're kind of late every the smart

money have bought way before and maybe

they are selling now when you are buying

and it's kind of the same thing if

missing the exit and then holding it all

the way down and then start selling when

uh the other people maybe are buying

back. You're also like out of sync. I'm

not saying it will work or not work this

time, but as a principle,

it it's not the right thing to do. You

missed it. You missed it. Okay, then try

to get the next wave or be better next

time, something like that. Don't don't

be like always out of sync. If you think

like a sine wave, like you cannot be

half a swing late the whole time because

then you will always uh buy high and

sell low and then repeat it over and

over.

>> Well, I did find some evidence that CTO

did buy the dip. Uh $5 billion worth

flowed into Wales accumulation addresses

during last week's dump in a day. This

was the single biggest inflow in a day

in over four years. So, somebody is

making moves. Um, do you make anything

of this at all, Mando? Is this just

random or are they, you know, long-term

holders, Wales, they did distribute a

lot last year? Are they back?

This is exactly what you want to see.

So, so like I said before, I was a big

narrative person until we started

breaking below 100K and then I was like,

well, the narrative doesn't make sense.

So, something's happening. And that was

seemingly Wales selling because of the

fouryear cycle and that was

underestimated by by myself for sure. Um

the main signal for me would be that

cohort starting to buy again. Long

longterm holders starting to buy. That

would probably be the number one cohort

because I think

>> uh number one thing for me because a lot

of the things around the narrative make

sense. You know as we've already said

like a lot of things look really good

for Bitcoin here. So it's really now

just about the technical flows. So

seeing whales buying not just on a

single day, but you start to see

accumulation of long by longerterm

holders would be is like the main thing

to be looking out for.

>> We have a lot of people that are

frustrated by the fact that gold is the

faster horse. So I put this little chart

together of one year return, fiveyear

return, 10 years, 15 years. Of course,

if you were into Bitcoin early, you did

very well. Uh even 5 years ago, you made

what 200% which is not a lot compared to

the past. This is a log scale as well by

the way, but over the last 365 days, we

lost 7%. And gold gained 68%. And people

are not happy about that. Um anything to

make of this? And it's a it's a reminder

for people

You know, timing is everything, but will

this continue? And this goes back to

what we discussed at the very beginning,

Marty, diminishing returns or a mature

asset or the super volatile, super high

return days over or my theory is because

of what we saw happen to gold and

silver, Bitcoin will have its day. We

just don't know when.

I I'm in my in my humble opinion I

believe that um this was all a

correction

um and we will return back to our

original trend uh with global liquidity

just as we thought we would originally.

Uh I I don't I don't think anything's

changed. The blockchains have only got

stronger. The software has only matured.

Um including the quantum report now

coming out of the sailor strategy. I

mean everyone is addressing everything.

The software is only improving. The use

case has never been better for for

blockchain finance. Regulation has never

been stronger. We're on the dawn of

market structure which will, you know,

cleanse all of the bad actors and impose

um consequences on on manipulation. So I

I just think fundamentally everything

has never been stronger. The decoupling

of the dollar price to the blockchain

tokens has never been further. And I

think that's the problem. And gold had

this problem. I mean, if you talk to

someone like Lawrence Leopard, they were

just as frustrated for many years on

gold and silver as we are on crypto. Why

is it not going up? And it was the same

old story, you know, just large players

placing leverage bets and and creating

suppression. And once that suppression

was released, gold ran to its true value

of 5,000, silver ran to its true value

of 100. And I think we're we're dealing

with the same players here. large

players suppressing the price um in

order to accumulate um chasing large

leverage positions and once that's

released I think we will return it

always leads with gold and silver people

that the cycle always leads gold silver

global liquidity and then uh you know we

we get to risk on and so we're there

this is what it feels like we don't

we're not joking this is literally what

it feels like

>> you always get frustrated why is it not

moving it's not moving because it's

suppressed

um People are making a lot of money on

the bullish sentiment. People are

longing and buying and they're simply

shorting and selling and they're they're

taking the spread and it's a

money-making machine.

>> Exactly. Mando, you remember for years

the debate was always running, does

Bitcoin price follow the hash or does

hash follow the price? We're seeing a

deviation. I used to believe that uh

Bitcoin price followed the hash because

the more hash the more secure the

network and therefore the more secure

the network the more adoption there is

the more price goes up but now we're

seeing a historic 11% drop in hash rate

after a big dip before uh the cost to

mine a bitcoin is around 96,000 today

and with the price down below it just

the the mechanism auto corrects itself

but any concern here about the hash

falling out of the sky so best.

>> Well, I think obviously this is going to

make it far more like it miners are not

profitable in certain regions of the

world when Bitcoin drops like this. So,

this just seems like a naturally

correcting thing. I I mean, I don't I

don't know which one follows the other,

but for me, this would just be naturally

miners miners, which a lot of people are

talking about at the moment. They're

saying, "Look, miners are going to be

really really tight here. We're very

close to their their energy costs." Um,

I think we could see more and more

switch to the AI trade, right, which has

been one for them to kind of move

towards. So, I think it's just a mixture

of those. I wouldn't get overly worried

by by this. It just feels like a

naturally corrective sort of thing.

>> And it did go on a rampage last year.

The hashes went went up 60% in the space

of a few months. CTO. Uh, this is an

interesting theory and we'll talk more

about AI crypto convergence because we

had some big news as well this week so

far and it's an early week but um in

terms of hash rate there's a theory that

many of the Bitcoin miners particularly

in the US they are unplugging their

machines and using their energy for AI

compute and that's what's causing the

hash rate drop. Any theories on that?

>> I didn't know that actually. I thought

it was simpler. It's just price dropped

so they're not profitable at the moment.

I think many miners kind of run

as aggressively

in the sense that price has to go up for

them to be profitable. They're not

profitable in the moment and then if the

risk for if the price actually drops 40

50% they're simply not profitable. So

they take a break. But um um yeah I

don't know if they are using the energy

for something else. I'm not sure. Yeah,

I don't know.

>> Okay, let's move on. Then there's the

whole thing of and Marty, this is kind

of an interesting one for you. You talk

a lot about regulation and the the act

that we need, the market structure act

to stop the bad players, but there's so

much concern that you know, we know why

1010 happened that black swan February

5th flush risk. That was a huge

cryptonative liquidation event because

many believe it was a TRFI unwind and of

course some manipulation in there too.

But now everybody is really worried

because the whole thesis for me getting

into Bitcoin in the first place was

scarcity. Now we have just like gold and

silver many multiples of the amount of

21 million Bitcoin in paper forms,

derivative forms, future forms, IBIT

option forms. How big of an impact is

that having on the scarcity thesis and

does the scarcity thesis go away?

>> Yeah, I think no doubt. I mean the

evidence is coming in you know by the

hour right now that we're all aware that

on October 2nd before October 10th 8

days before the CME the largest venue in

the world trading uh IBIT and and

Bitcoin related options changed their

their structure to allow unlimited

contracts breaking the $25,000 limit.

25,000 contract and then October 10th

happened eight days later. So, you know,

all evidence points that, you know,

there's large players specifically out

of Hong Kong that, you know, just like

traditional Binance manipulation are

using their own strategies against

Bitcoin options, using, you know, delta

neutral strategies and playing the

volatility. And so, they have to buy and

sell Bitcoin at the right times in large

numbers and then short and long to

create the arbitrage and make billions

of dollars. And it's unregulated. Once

again, all eyes point to leverage

trading and speculation in an

unregulated market structure. There is

no regulation. And if this is the case,

all it means is that the players got

bigger. So, the moves get bigger, the

buying and selling gets larger. Um, and

you know, we land up where we are now,

where these unwinds just get

catastrophically large. And remember,

any large unwind from a fund will simply

trigger cascading

um sells of longs on the the standard

futures markets. So you get these

cascades that we've never seen before.

So I think it's just an escalation in in

an unstructured unregulated market.

People making money using that

unregulated market and markets make

market makers and funds profiting and

and it it all makes sense when you look

at the timing. The October 2nd date um

you know it's all just too coincidental.

I point once again to the lack of market

structure and the ability to these for

these players to just take advantage

just like George Soros did with the you

know on the the foreign currency market.

They're taking advantage of this stuff

using these vehicles and making

ridiculous amounts of money at the same

time at the expense of the of the assets

spot price

>> and the customers of places like Binance

too. So this new theory from Leonitis

>> sees he trades against his people. You

know these two market not just winter

mute this time. This is Merit and Sigma

Chain. Uh Mando Trfi background. Do you

believe that

CZ is still doing shady things putting

you on the spot?

>> I think he definitely was. I think he

definitely was. And I think you see this

from a lot of major exchanges. um they

have a huge amount of information about

what uh their customers are doing. If

you have that much data, Binance is a

huge amount of the market, right? If you

actually look at the percentage of spot

on derivative volume, if you see Binance

internal customer flows, you can have a

pretty good idea about what's going on,

what's going to happen in the market.

>> I don't know if they're trading against

it, but could they be front running?

Could they be doing um like we've

already said, maybe like selling through

intermediaries like uh market makers?

that that could always be the case. Um I

think there's a huge amount of

opportunity, let's say, for Binance to

abuse their power. They've done it in

the past. I think CZ,

yeah, he has a mixed relationship, I

would say, crypto. Um I don't know if

after going to jail he would necessarily

jump to doing that straight away, but

I'm sure there are some people at

Binance that would like

>> Yeah. Or or or you could have like a

arms length entity that operates

silently on his behalf to pull these

strings like he did it his entire life.

>> Yeah.

>> And and he knows how to do it and it's

kind of when it's so easy to club people

over the back of the head and take their

bags. Um be hard to kind of give that up

maybe for him.

>> One thing I would say is that like

there's been some very public because of

the rise of decentralized exchanges.

There are some very public liquidation

levels on a lot of different crypto. As

Marty said, like there were some huge

ones on ETH that were

>> huge. A billion dollars

>> billion dollars for trend research. And

then Garrett, the Garrett Bullish, he's

known as the guy who made so much money

on 1010. He hit a huge level too. So

there was no doubt there was hunting

last week like that. When we dropped

below um that 78k level and we started

go down to the 70s, it was kind of clear

what levels they were going to go for.

um particularly on things like ETH, but

there were some big ones on Bitcoin,

too. So, I do think the speed at which

we sold off was really a reflection of

um liquidations and that's probably why

we've had this rebound.

>> Um and and maybe, you know, maybe big

exchanges are ran are to do with that as

well.

>> Yeah. I mean, I mean, I summarize what

Mando just said. I think you live by the

leverage and you die by the leverage.

The problem in this asset class right

now is we have tremendous amounts of

leverage, literally 90 to10 leverage and

um you know it all works great. It pumps

the price to all-time high but then when

it unwinds it it dumps the price to

alltime lows. I mean it it literally is

devastating.

>> Yeah.

>> The DFD's um CEO Parker wrote a

brilliant tweet. I mean do you guys mind

if I just quickly read you a couple of

lines of it?

>> No. He said, "This is my hypothesis on

what happened between October 10th and

February 5th based on breadcrumbs and

circumstantial evidence. This move has

nothing to do with the fundamentals of

Bitcoin or Salana and is everything to

do with the technical market

microstructure dynamics. Clarity act

should help fix some of this because the

root problem is that the spot BTC market

is not nearly liquid enough to support

all these derivatives. BTC spot is

supporting PERS, CME futures, ETFs,

options on ETFs, derivatives on the ETF,

derivatives on the CME futures, and a

host of OTC products. You know, we we

need the market to have more liquidity.

We need more regulation because when

these things unwind, there isn't enough

liquidity. And you all know when there's

an there's an illquid market and you

have these kinds of unwinds, the moves

are devastatingly

exaggerated. And that's what we see now.

And that's Can I add one thing? Can I

add one thing on this topic also? I

think what Marty said here, I agree

100%. I mean, it's a very liquid market

for these kind of huge trades and I

think that's the reason why it is so

volatile. I don't actually

agree with the sentiment that it's CC's

fault that is dumping and so on. And I

want to say that I have not uh seen any

convincing evidence that uh of these

very serious uh wrongdoings. So I don't

want to be part of making those

allegations

uh here on the channel. Um but you know

maybe there is maybe it's not but I I am

not really

>> and and to be clear we're not making

allegations. We're sharing news that

other people made as well. Okay. So,

it's tricky stuff. But let's let's move

on to this one which is kind of Bitcoin

owners. There's interesting stats here

when we look around the world as to who

owns the most Bitcoin and the adoption's

going up. And first of India number one

93 million. US number two 46 million

people which I think is kind of high

considering it's 350 million people.

That'd be like well 1 in 7. Uh, China 41

million despite the bans and everything

else. Nigeria 18 million, then Vietnam

17 million, Indonesia 14 million, Turkey

12 million, Philippines 10 million. The

places that have kind of bad banking

infra uh tend to have higher adoption.

So, Bitcoin is by no means dead. It's a

lifeline for many people in many

countries that don't have we saw some

terrible things happen to banking

systems and currencies in Iran over the

last month or so. Um any thoughts on

this data? Is it real or fake or does it

represent the danger and weakness of

fiat systems around the world? Back to

you CTO.

>> You've lived in many some of these

countries I think.

>> Yeah. I mean, it's interesting. The

China is the most interesting one,

right? They banned Bitcoin again now.

It's been every year for I saw some

chartes like 12 years in a row or

something like that. They banned

Bitcoin. But I think Chinese people like

uh Bitcoin and crypto because they like

the speculation element of it. They like

the opportunity to move money out of

China instead of having to do it through

artwork

and other means. People in India maybe

like it because it's a ticket into the,

you know, real western financial system.

People in Nigeria, thousands of

different reasons. Vietnam, you go

there, every, you know, street fish

salesman on the street corner is trading

altcoins.

>> Indonesia as well. Philippines,

you know, everyone's into crypto as

well. And then we have a long list of

countries with which have had very

unstable currency. Then they have to use

Bitcoin. What else should they use? And

I think that all these things add up. Of

course we only focus on the US usually

because US is the best the most

articulate and also like the thought

leader in this industry but the world is

really big they a lot of people in Asia

they grow it's growing very fast and I

think they have a huge impact on the

price and the market

>> I think the most interesting thing James

um just from looking at that slide and

knowledge India has twothirds of its

population under 35. Did you know that?

>> Yeah. Yep.

>> So, so there you go. I think that is

basically a graph of populations, you

know, young populations. The younger the

population, the more they tend to be

invested in in this technology. And

India is is by far a a millennial Gen Z

focused culture. And so I think that's

what explains it. And you can see US and

China following behind.

>> I actually did a chart years ago. I

compared the level of authoritarian

governments and Bitcoin adoption too and

there's also a very direct correlation

there. So if you put those factors in

like level of author authoritarian

governments and youth of the nation etc.

But this brings me back to the point

that Mando made at the very beginning

and I always say that Bitcoin loves a

crisis.

Will there be another fiat to implode in

2026 and could that kickstart Bitcoin as

well?

Yeah, for sure. I I think that's kind of

what need it needs or honestly. But I

also think that it it when I say

implode, it could just be that we need

to start printing money again, you know,

like in some of these big economies too.

Um you know, the US will never not pay

back its debt, as will several others of

these countries. But if um if interest

rates get too high and they've got the

amount of interest payments that they've

got at the moment, like they're going to

have to start printing money or we

reduce interest rates. So I think it is

all slowly imploding. Um I think [ __ ]

Japan's the most obvious case for this

year that that could that could wobble.

>> Yep.

>> The US is kind of a bit of a dark horse

at the moment. like if rates continue to

go higher even just because of selling

by foreign institutions that could be an

interesting situation here. But um yeah

I this is just kind of the point like

the narrative around crypto in my

opinion has never been stronger. It's

never been stronger but the price you

just have to respect it. So what we just

need to be appreciative of right now is

just when the cohorts particularly the

whales and long-term holders are buying.

If they are buying again then the

narrative can be pick can pick back up

very very quickly very very quickly.

>> Good now uh one other thing that which

is super interesting as well and we've

spoken about this before is the

convergence between AI and crypto. The

whole world thinks okay we have these AI

agents which are very like Skynet now at

this stage. They're creating their own

private social networks and everything

else. They are using meat puppets.

They're paying meat puppets, which are

humans, to do things. Did you hear that

story? It was very funny. I don't know

how much this is real or not, but

it's crazy. But this guy Chris, who is

the co-founder of Crypto.com,

just spent the largest amount of money

ever in history on a URL, the domain

ai.com he bought for $70 million.

and he believes he wants crypto.com to

be at the center of these AI agents but

using crypto to fund all their

activities. Who wants to take this one

first? I thought this you know we've

spoken a lot about how crypto and AI are

going to come together the you know the

traditional finance rails cannot scale

at the level that AI needs. But to you

first CTO as a technologist, did you

hear about this and does it take you by

surprise?

>> I did and it did not take me by

surprise. I think that it's a very smart

move and I hope exactly like you say

James that it will lead to some

convergence use cases because we haven't

really seen it yet. Like the the it

seems like a very easy win. Why not give

these agents some crypto and uh they're

not going to use credit card guys.

>> So, um it will be crypto money that they

use and um I think it will come. It's

just early. These AI agents are amazing,

but I don't know. I have not spun up one

of these AI agents on my computer to

work while I go to bed. I feel still

that you know I might wake up and it has

>> sold my house, divorced my wife and you

know

>> sent away all the bitcoin. So uh I don't

really Yeah, it is still early. It's an

incredible technology. It's going to get

better week by week, month by month. And

for sure we need to fund those agents so

that they can do stuff and uh buy

services from meat puppets and other

agents and uh they need crypto to do it.

>> Exactly. So now we're calling ourselves

meat puppets. Is that is that a an album

or a song or a band or something? The

meat puppets. I don't know. But see

Marty as a technologist talk to us about

any updates on convergence and what you

see happening in the AI agent world and

have you spun one up yet?

>> Um yes I yeah we have in my community we

have some people um working on open

floor stuff uh using our models but yeah

I think it's it's a narrative that's

very much under the headlines. You know

98% of trading right now is done by

bots. Um people don't know it's not

people buying and selling crypto it's

bots. It's already happening. It's

called Agentic Finance and it's massive.

It's about seen a 600% jump um in 2026,

this year alone, 600%. And the people

involved are people you will you can't

believe. It's Oracle, it's banks,

Goldman Sachs, Lloyds, they're all

implementing agentic um claude based

open a based agents and they're not

using credit cards, they're not using a

you know a

crypto. Um they're keeping it very under

the cover but they're all in R&D. The

sandbox is growing. Um this is the

future. Um so yeah absolutely it's

happening. Agentic Finance it's called

that's what it is. Agentic finance um

it's accelerating from pilots and hype

to scale deployments. Uh they're

starting to measure ROI on it. Strategic

there's a lot of strategic

repositioning. My brother is a partner

at Deote in Australia. They're they're

doing a sandbox and it's one of the big

five accounting companies. This is huge.

This is going to replace accountants

worldwide. Okay. Um so yeah, watch out

for it. And remember, it can only happen

on fast, extremely cheap blockchains.

>> Exactly.

>> Interesting. Yep.

>> Finality in seconds and you could have a

thousand agents running a thousand

transactions every second and things

will get pretty wild. 15 TPS is not

going to cut it. Mando, I know you track

all this AI craziness and AI agents and

the world is, you know, many people

argue like either one. You don't know

you're in the singularity till you're

actually in it. You don't recognize it.

And even when you're in it, you don't

actually realize it's already here. A

lot of people believe the singularity

has arrived, especially with the events

of last week. What does that say for us

in the space today? And how do we

prepare going forward? I know it's a

very loaded question, but I know you

think about this a lot.

>> Yeah, I think just try and test out some

of the stuff. Um, the two I mean there's

been a few different people. So, ever

since Cloud Code got announced, a lot of

different other major AI companies have

been announcing their agentic model. uh

no chat TPT did for enterprise and

you're starting to see this um chatter

about this from pretty much every single

one of the major uh LLMs or AI companies

let's say. So there's that. There's also

this there's still this world around

open which is the I think it's changed

its name a few times but this is like

opensource kind of aentic uh system

which people have people have been you

have to be a bit wary about this one.

This is the one that everyone's been

giving access to everything.

>> Yeah.

>> But you have to be worried about what

you give it access to and what you um uh

yeah what scripts you kind of attach it

to. But it does seem to be

people are making massive massive gains

or at least massive massive changes to

their lives using this sort of stuff. Um

efficiency gain. So I would just test

them out. Like I've I use CL claw code

quite a lot actually now on a daily

basis. And that's not just that doing

useful things like it does useful things

for me quite a lot. So I think testing

out using AI agent is probably the first

step of this. Some people are like

pushing the boundaries around this and

you can you can get involved in that

quite quickly but yeah just be a little

bit wary about what you give it access

to and and some people are are like

hooking it up to trading venues all this

sort of stuff. Um interestingly it looks

it seems as though you know obviously

these agents are still not the best

traders. they're not making the best

money when it comes to that sort of

stuff. They're good at a more defined

project rather than real time um

analysis.

>> Grock Grock is Grock is trying to make a

push into this 4.2 has made 35% in a

month

>> which makes sense because I think he's

got the best data set for real time

information

>> and I think um that is going to be very

very useful. I do think that Grock has

got a chance here of being the best uh

yeah the best data set for trading. So

we'll see

>> you can just gauge sentiment in real

time and trade off of that which has

been done in the past. Then the next big

theory again we are facing you know

people

after 2025 was a lost year if you were

all in on Bitcoin or crypto you got hurt

and now people are doing very hard

reflection as to how they allocate and

we we talk about this all the time but

the issue keeps coming up all the time.

We are seeing the scarcity thesis which

I buy into because in the world of

abundance with AI and AI what did I just

do here somebody's

what happened um hang on lost their

slide

jumping ahead maybe I don't know

somebody jumped on the keyboard um

scarcity in the age of abundance and AI

is going to be very important because AI

cannot not create things that are

scarce. Then we have crazy innovations

happening all over the world in this

whole AI world, singularity world,

robots, etc. And then we have AI. Uh

people are trying to figure out what to

do next. Now, if you look at China,

China believe they're going all in on

humanoids. As Elon Musk said, humanoids

have the ability to explode GDP of a

nation. China have challenges. They

don't have enough young people. They

need robots more than anybody and they

are they have now have 140 different

robot companies uh across the country

and they believe and Elon Musk said uh

Chinese kick ass when it comes to

building things like this. So the

question is what does the future look

like when we we've seen what China can

do when they put their mind to something

and it's kind of like state sponsored to

go all in on humanoids. Humanoids can

change the world. Um, not just help you

with maybe your trading, but also empty

your dishwasher and who knows what else.

Um, CTO,

uh, Era digitalis, robots, humanoids.

>> Talk to us.

>> On your first slide, the previous slide

first there. I think a key word that I

think about every single day is assets.

I think that's a great way to think

about it. So AI can do a lot of things.

They they can't copy the assets. So we

just talked about like Elon Musk has a

data set. He has the X data set which is

very valuable because then maybe you

know his AI can use that data set to

make faster reaction for example. Um so

that's one asset. There are many other

assets. One the most obvious one is

obviously financial assets. the AI can't

go in and just copy that. It's not

copyable. And there are many other

assets like contact networks, trust

uh audience that we we have here on this

show. So there are many kinds of assets

that AI cannot copy and I think that in

this world it's necessary to go up each

and every single day and think about how

do I build assets today one way or

another because that's what remains and

then we can use those assets

>> with AI with innovation with all the

leverage that we're getting now uh and

take advantage of that. So that's on

this slide. I think that's a helpful

many people found that perspective

helpful. Learning some skill which AI

can do better is not really it. It needs

to also you need to build assets or

learn how to build assets. In in fact

that's a theory because at least in the

era that I grew up it was very important

to be a specialist have a very deep

domain in one area whether it be finance

or trading or economics or who knows

artwork but the era of being a

specialist is now dead because it's more

important

>> unless we're at the absolute forefront

like the best AI developer or something

like that cost 100 million today. So I

mean but you have to be at the exact

forefront where there is no training

data but if you're like in the group

behind where there is ample training

data it's very little value of that you

know society before society could train

someone else now they can train AI at a

fraction of the cost so there's very

little value in being like semi

semi-expert

>> exactly

>> on some skill Yes. Sorry, I just thought

that was important on this slide. Then

you asked about the China robotics. Uh

yeah. Uh I I have enormous respect for

Chinese company's abilities to build

physical products in uh that are

cost-ffective and uh you know pretty

good. So for sure they will give Tesla,

Neil Musk a run for their money. I think

it will come down to how good the AI is

and uh I imagine with humanoid robots

you have to be pretty careful. It cannot

be it cannot go haywire preferably.

>> Yeah.

>> So those kind of things.

>> Yes. Crazy times. And Marty is a

technologist. Uh

>> humanoids taking over the world. We just

got notified that um you know Elon's

going all in on building a moon base

instead of Mars. Mars is too far. The

window to get there is too slim once

every two or three years if I recall.

But now building a moon base which will

become a fab to build semiconductors to

build a space-based data centers and

what do you call that sling that sends

things back to earth crazy world. How

much of this is real and when will it

arrive?

>> Once again I think the data has been

very uh um missing. Um people have very

little idea about Chinese um priority,

national priority. They made a strategic

national priority last year, 2025 um in

autonomy and humanoid robots uh you know

when we were still you know talking

about other things. So China is very far

ahead. I think they run 90% right now.

They've captured 90% of global humanoid

robot sales since 2025 um through six of

their top selling firms. I think it's

Unitary, AG Bot, UB, um a couple of

other ones. Um and we need to be aware

of what they can do and what they can do

very well. But but China has made a

strategic decision to do this unlike the

US. So Musk is very much reiterating

that. Um so they have this thing called

the 14-year, five-year plan. It's called

robot plus initiative in China. And

Beijing designated robots um and

embodied AI is a core future industry uh

in this 14-year plan. So they've made it

a top priority. Uh but we we need to

look at what they can't do. Just

remember they use robots to build

things. So it's manufacturing. What they

can't do is they can't do things like

household chores, construction,

plumbing, electrical work, um nursing,

elder care, things that require touch,

strength, dexterity. They can't do

cooking, cleaning, restaurant work,

agriculture, picking delicate fruit,

anything relying on prolonged outdoor

work. You know, they need their

batteries recharged and things like

that. So the gap is still very large but

what they are very good at is building

things and so manufacturing. So if the

US has any serious strategy to

re-industrialize which I believe Trump

has um you know robotics is a major part

of that and we need to have a similar

strategic initiative to do that

>> and there's there's two there's two

players there's China and there is Tesla

that's it. So, one of the things that I

do urge people is have exposure to

humanoids because over the next 5 years

that will be a big a big play indeed.

All right, next quick story. Inflation

versus deflation.

>> Oh god, I saw this.

>> Yeah, this this is scary. There are two

types and Amanda, this is probably in

your wheelhouse, too. There is a good

kind and a dangerous kind of inflation.

First of all, the deflation or

disinflation, whatever you want to call

it, is when demand collapses. People

have no money. They can't buy stuff. Uh

companies have to cut prices. Profits go

in the toilet. Layoffs. It's a vicious

death spiral. And the good type is when

uh you've got technology driving prices

down. It could also be driven by AI.

Massive increase in supply and

efficiency and effectiveness allows

companies to produce more and that

brings prices down. So are we having is

this a concern this deflationary crash?

You know if you look at US government

statistics say oh it's north of 3% or

whatever. No this is this trueflation

stuff is kind of dial and

blockchainbased.

>> Um are we having a deflationary crash or

is this a technology advancement

bringing prices down and should we be

concerned?

We might be muted. So if you actually

look at the numbers here, this actually

isn't driven necessarily by AI. It's

driven by energy costs and driven by

housing costs.

>> Y

>> So if anything, this is pre the big AI

move. So what you're starting to see is

lower inflation because of those two

things coming down. And I I I mean

that's what they're saying. Um, and you

can see in the data, but yeah, like with

the number of white collar jobs which

are potentially affected by this AI

move, there was another really good

chart recently which is which is commits

on GitHub. If you if you type that in,

you can see it's gone literally

exponential until Q uh since Q4 of last

last year because everyone's downloading

agents and um clawed code and all this

um the ability to spin up your own vibe

coding anything has really increased um

that there's no doubt about it in the

businesses that I use

that I'm involved in. We've got rid of

certain SAS products because we can just

make them ourselves now very very

quickly. That's not just hyperbole as

well. Like it's very easy to recreate

some of the SAS tools that businesses

pay were paying you know uh hundreds

thousands of pounds a month for. So I

think the SAS um sell off in stocks is

real. I do think that like there is a

real um

yeah the costs to different businesses

are come down with AI. There's no doubt

about it. And you're starting to see

that extend beyond just oh I can replace

my lawyer to being like I can actually

replace my all of my tech now or big

bits of my tech. So I think that this

figure could actually keep on heading

down. Like I don't think this is a oh

we're getting to 0.68. This is just with

housing and with energy that's that this

has happened. So

>> I think we could we could end up with

close to 0% pretty soon.

>> Yeah. Um, we saw the SAS apocalypse uh

over the last month and then last week

we saw uh information providers getting

hammered because now people can go on AI

and mine their own information. They

don't need legal zoom or other Walter's

clers type providers which is also

rattling things. Um, you did remark uh

Marty this scared you. Why did it scare

you?

Well, I mean there's good and there's

bad deflation, right? Um I think that's

the important point to take away from

this. Um if we have it's all about the

the Fed and the monetary policy.

Remember we created we created uh we

increase rates to stop inflation. So the

worst thing we can get is stagflation.

So if the Fed continues to to increase

rates to to incre to to lower inflation

that's going to create what you just

said which is a you know tight policy

layoffs things like that the bad kind of

disinflation but if we get if we're

getting disinflation from productivity

increases lowering energy costs um

automation and AI like Mando said then

it's a good type of disinflation um

which you know is is great

>> right now you know I think we're stuck

in limbo um with a Fed change where we

don't really know the the the sort of uh

motivation of the incoming Mr. Walsh um

and whether this is purely bad

disinflation or good disinflation. I

mean if they keep lowering rates

possibly this is a good disinflation. If

we see positive ROI from automation and

AI then this is good disinflation which

means a lower cost of living higher

wages more hiring it's good for

everybody. But if it's bad um disin

disinflation then then it's bad and we

don't know right yet. And I think that's

a lot of the uncertainty in the market.

>> Yeah.

>> Quite sure. We've got this

>> surge in technology to increase ROI and

productivity whilst this strange

politicized Fed and monetary policy and

we're not quite sure of the incoming

Walsh and what he's going to do and

obviously the the the Trump effect. What

is Trump's motivation here? So yeah, I

think it's a strange time, but

definitely the numbers have never been

this mismatched. 2.7 CPI being reported

by the government, 68 being reported by

by trueflation. I've never seen it that

that that mismatched. And that begs to

ask the question, what's going on? Why

is it so different? Where are the

numbers wrong?

>> Excellent. Thank you for that, guys.

Final topic, and we'll make this real

quick because we're at an hour already.

I want to thank every being here. links

below for all these legends and you can

watch us anywhere. And big thank you to

the mods as well. Real quick, 30 seconds

or less. Uh CTO to you first. A lot of

people are concerned, you know, they pin

their hopes on maybe old coins and down

70% or maybe in some cases even a lot

more. Um even having Bitcoin didn't save

your portfolio. What What is the plan

for 2025? We talked about kind of

rotations having exposure to maybe some

of the the biggest thing that's going to

happen to the planet is both AI and

humanoid robotics maybe get some of that

exposure. But what what what what do you

advise? My short lesson is, you know,

stop the bleeding, cut the ghost chains,

cut the losers. Hope is not a strategy.

If you're down 70%, you need your asset

to go up 230% to break even. And that is

a big mountain to climb. Some things

never recover. Uh and should you be

rotating capital? What do you tell your

audience?

>> Yeah, I think a tip is to look forward

like forget a little about the history.

It's a new year. Whatever happened

happen now. Look for the next wave, the

next opportunity, the new setups. The

market doesn't care about what price you

bought something. It's not relevant. So

look forward. Look for new

opportunities. That's what I'm going to

do. new great setups is going to present

themselves. There's going to be crashes.

There's going to be FUD. There's going

to be some crisis at some point of the

year.

>> Yeah. And that's when uh I'm planning

to, you know, try to buy the those

opportunities. That's my plan for the

year. And whatever we did wrong last

year, forget about that. Now look

forward. That's my tip to everyone.

Yeah, we just broke 70k on

>> just broke 70,000,

>> which is nice. We'll take that. Uh

Martando, you you next real quick. Uh

what do you advise people? I know it's

we don't give advice of course, but uh

people are struggling here. Um what to

do? How to prepare? Prepare the mind

psychologically.

Start cutting some losers. Rotate. What

do you think?

>> I mean, always cut losers. um that

that's like obvious particularly in

altcoins. I would say that right now I

actually think it's a really great

opportunity to start trading. Also just

change your mindset slightly. Like I

just think that an asset class which you

think is going to be around for a while

for a long time is just dropped 40 50%.

Uh that's a great opportunity. Like it's

actually a great opportunity. People

want to think in terms of a sprint and

actually you've got a marathon to make

money here and the fact that it's down

and you now have an opportunity like I

look at Bitcoin even though I think

right now we're in a bit of a downward

trend like the trend is still down. I

look at it and think back at 60k like

people are going to go like this is this

can go to 100k again. Something about

when bitcoin was 100k meant that

everyone had to say it's going to a

million dollars you know and now it's

back at 60k like I think there's quite a

nice riskreward again. you go like okay

well this could easily happen you know

this could easily happen so I think the

medium-term narrative is back with

Bitcoin and that you have decent upside

as just if this catches fire again you

need I think we need the world to

slightly implode but even during this

period of like I think Bitcoin goes

stays in this channel that we've just

spoken about normally have really good

altcoin moves as well like something

will catch and move during this sort of

time so that's what I'm really looking

for right now I'm going to trade the

ranges which is this low low 60s high

50s Bitcoin

um is when I'll be buying it and then

other than that I'll be looking for big

breakouts and you can make it back in

one trade the volatility is can be very

very high uh during these sort of

periods

>> so that's interesting learn to trade

start trading I like that

but also also now you have AI level

tools to give you an edge which people

should lean into as well would you say

Mando do

>> I one thing and I have a friend of mine

who who keeps on ruining his trades. He

keeps on picking the right asset often

in terms of narrative and then not

trading it well. Like either exiting too

early or then getting back in and

ruining the trade. Like this is what I

see with the number one issue with

people with

>> timing. Timing is everything.

>> But it's discipline. you like whenever

you go into a trade just ask the AI like

set me up like with the discipline

exactly of when I should get out what

should be the upside so like if you

think you're good at picking assets

which are going to move then take away

the execution from yourself a lot of PMs

actually do this so like that they will

give execution to somebody else like

they'll be like I like this trade I'll

give you the execution you can do that

with AI really easily now if you're

really good at the execution but

terrible at picking the assets you could

also to ask AI. So, but one thing I said

to him is like just just go to AI and be

like, "Look, I keep on doing this. Can

you set me up exactly with how you would

set up a trade? Um, how you get into it,

how you get out of it, what prices I

should have for my take profit, what

price I should be to get out, whether it

should be a dynamic takeprofit or a

dynamic stop-loss, all of that. Just

give it because they will be they'll

give you institutional level."

>> Yeah.

>> Uh, setups. That's great because the

biggest problem you know with your

friend and other people have is

emotions,

>> right?

>> But if you de delegate to an AI or a PM

or a machine, that removes the emotional

machine which gives you that edge. Very

good point.

>> I don't know if they're the best at

trend following, but they are very good

at giving you the discipline around how

to set up.

>> Awesome. Thank you. Last one, Marty.

>> Sure. wrecked recovery survival guide.

Give us your take.

>> Um, starting with the the basics, sell

high, buy low. I think people still

still don't do that. Um, in the short

term, that's that's obviously the

mantra, but this is a long-term

investment. I mean, this is no

technology. There still is not a

regulated market. Um, until market

structure passes, this is an unregulated

market. So um there's going to be

manipulation and you need to accept that

and you need to divorce that from your

ultimate conviction which is that this

technology is good hasn't changed in

fact it's only improved. So um in the

long term

someone for me example I hodddle Bitcoin

Salana and Suie until 2030 and I'm

untethered. I'm not changing that. I

will not sell those long-term bags um

until that happens 2030 and by hell or

high water. Now I all I do in that case

is uh accumulate on the lows. And how do

you do that? It's simple. When there's

euphoria you sell. When there's fear,

FUD, and uncertainty, you buy. And

nobody on this call can can admit that

this is not the worst sentiment in

crypto history right now. From Main

Street to crypto Twitter to to the man

in the street, this is the time to buy.

In my opinion, this is when you lower

your your prices, you lower your average

cost, and when is the time to sell and

to potentially take some profits when

people are euphoric and it's going to

the moon and we were there at 126. So,

it's been very predictable. The problem

is people get emotionally caught up, get

fixated with the timeline and the

narratives and forget these basic

mantras. Just write them on a post-it

notes on your computer. Sell high, buy

low, have a long-term strategy.

Nothing's changed. Literally, I follow

the wallets of the large participants.

They have only accumulated more. Black

Rockck, Coinbase, Binance, Sailor, the

big participants have only increased

their token numbers during these fearful

times. They have not sold. If they start

selling, then we will be on the show

here with a different story. But until

then, they are completely playing you.

You're being shaken out.

>> Get shaken out.

>> Okay. Think like the syndicate.

>> As Manda said, that big whale move,

biggest one in over four years, $5

billion in a day. Big move. Sailor keeps

buying the top like he promised he

would. And getting fleeced by OTC desks.

>> And I mean, obviously, James, we have to

mention it again. High leverage is an

absolute trap. Any playing one playing

with the high leverage is the problem.

Do not play with high leverage.

Basically, leverage is simply loaning

money. It's a fancy word that means bank

loans. You're loaning money at a

ridiculous interest rate. Stop doing it.

You don't do it in your life. Don't do

it in trading. Don't use high leverage.

Low leverage or spot buying is the way

to go. Timing your entry is the way to

go. When do you time your entry? When

everybody else gets liquidated. When

everyone else gets liquidated, that's

when you enter. That's the basic thing.

It's very, very effective.

>> When fear is when fear is six, that's

your signal. And we had that last week

>> and take profits. Take profits.

>> Thank you so much, Mando Marty, CTO. The

last part of this segment is actually

very powerful. People should take notes,

listen to all of these little tips from

these folks. Thank you all. Have a great

week, my friends. Uh don't forget

legends, their links are below. follow

them all and have a very well-rounded

approach to this AGI AI singularity

world that we are in. Ladies and

gentlemen, thank you all. Have a good

night. Bye.

>> Thanks, guys. Thanks for seeing you. We

have big days. Mon tomorrow, Wednesday,

and Thursday, we're doing Salana

Breakout on spaces, the first metaverse

crypto conference ever. I think it's be

we're going to try and break spaces. So,

that should be fun. Um, and then I'll

see you guys next week on Monday and I

think things will be a little bit

different. So there we go. Fingers

crossed. Thanks team. Bye.

>> Thanks everyone. Bye.