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Bitcoin in April Changed EVERYTHING… The Truth Will Shock You ⚡️📈💥

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0:06

Hello everybody. It's Monday. Monday is

0:10

the day we talk Bitcoin and Micro

0:12

Strategy exclusively because things are

0:15

happening and they are interesting. And

0:17

this one's called shifting sands. And

0:20

the reason for that is I am struggling

0:24

to find bearish signals.

0:27

A lot of things both onchain and

0:29

otherwise are looking very positive.

0:31

We're going to break it all down today

0:32

as well. So, and if you look back just

0:36

at the last six months, ever since the

0:38

downturn,

0:40

you could argue that, you know, since

0:43

the high in October, we roll through 3

0:46

months to the end of the year and then

0:48

another 90 days to the beginning of the

0:50

year. Technically, we've been going up

0:53

since the beginning of the year. So if

0:55

this is true, you could technically also

0:58

argue that the bare market drop happened

1:02

record time like 90 days and since then

1:04

it's been a slow recovery. So let's have

1:06

a look at some charts and figure out

1:07

what's going on. I think I'm going to

1:09

sneeze. Whoa. I've never sneezed live on

1:12

stream before in five and a half years.

1:14

Weird. [snorts] It' be funny if I do it

1:16

today. I never never sneeze. This is not

1:18

financial advice. Sorry about that

1:20

digression. And shout out to Patreon.

1:22

I'm so happy I got into Patreon two

1:23

months ago.

1:25

already made enough to pay my Patreon

1:27

subscription for was that 20 years.

1:30

Awesome. We had some fun trades and

1:32

yeah, 2026 I do want to stress it was a

1:36

struggle to find alpha, but we were

1:39

lucky and got lots of great trades in.

1:42

But remember, we're going into

1:45

summertime, too, so things are a little

1:47

overheated now. So, don't get too

1:49

trigger happy. Slow down. Start building

1:52

up cash reserves. start hedging again

1:55

and then we'll see what comes next. But

1:56

there could be a big rotation out of AI

1:58

back into crypto. We'll see if that is

2:00

on the cards too. Anyway, thank you so

2:02

much McKenna Moss for being here. Now,

2:06

let's look at some of the data points.

2:08

First of all, um Bitcoin is up 3.8% for

2:11

the week. Uh we had a spike to about 795

2:15

yesterday, which was also a 90-day high.

2:19

And that's also 33% off the bottom. And

2:22

we have huge stacking by Micro Strategy.

2:24

It continues another big week. They

2:26

bought about 38,000 Bitcoin the last two

2:29

weeks. Shocking. They now have 818,000

2:31

Bitcoin.

2:33

And that is a lot. I believe at this

2:36

clip they could hit a million Bitcoin by

2:39

August. I know Michael Sailor's gunning

2:41

for a million Bitcoin probably by the

2:43

end of the year, but again, if they

2:45

continue at this clip, it's quite

2:48

impressive. And it's not just them

2:50

coming into the ETFs are back. But let's

2:52

look at some of the other interesting

2:55

news too. And I'm going to turn off my

2:56

camera for this part so you can see all

2:59

of the data. This is a whole bunch of

3:01

snippets of things kind of I look at. I

3:04

call it the shifting sands. And they're

3:06

mostly bullish. Well, you look at the

3:08

MVRV ratio bullish. Bitcoin dominance

3:11

bullish. It's above 60. Stable coin

3:14

supply all-time high bullish. That's the

3:16

fuel that fuels crypto. Long-term holder

3:19

supply very bullish. The holders are not

3:22

long-term holders are not selling. In

3:23

fact, they're stacking. Exchange flows

3:28

little bit of accumulation, but there's

3:29

not a lot of retail action. The

3:31

institutions, ETFs, sailor, etc. They

3:34

are the ones doing the stacking. The

3:36

liquid supply is about 74% very bullish.

3:39

Most Bitcoin is locked away. Even if you

3:42

see stuff in exchanges, it's not for

3:43

sale. Fear of greed 62. Wow, we were

3:47

extreme fear for the longest time and

3:48

boy did that change. So, I mean, I'm

3:52

struggling to find bad news bears here.

3:56

It's all pretty good. But let's look at

3:58

some more stuff. Bitcoin is up 13% in

4:02

April. Also very good. Historically,

4:05

Bitcoin or not Bitcoin, April is the

4:07

second best month of the year for

4:09

Bitcoin after Moonvember.

4:13

But May is also good too. Not that

4:16

history will repeat because it hasn't

4:18

repeated in the last two years. But

4:20

again, not bad so far for April. And

4:23

after the spike yesterday, we'll see if

4:25

we can reclaim that too. Let's look at a

4:28

couple of other things as well. Last

4:30

night was kind of exciting as watching

4:32

Bitcoin pump and we shot up. Like if you

4:35

look and again wind back the clock to

4:38

the bottom, it was like Feb 5, you know,

4:41

combination of things in the Middle

4:43

East, etc. Bitcoin take a nasty dip way

4:46

down to 60K. A lot of people are saying

4:48

that was the bottom. People like

4:50

Fidelity, people like myself, etc. But

4:53

there's a lot of Bitcoin experts are

4:57

praying for 40K because they didn't get

4:59

to snag anything at 60K. So hope is not

5:02

a strategy. We'll see if they get their

5:04

40k. I think it's unlikely. However, if

5:08

you look at the action basically since

5:10

April, it's just been up only constant

5:13

accumulation. And remember, every time a

5:16

billion dollars goes into ETFs, the

5:19

Bitcoin price goes up by 3%. Remember

5:21

that 3.16% to be precise. I will redo

5:25

all those numbers again shortly. But

5:27

what is important is on the ATR model,

5:30

we broke through $79,000.

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That historically was a big level of

5:35

resistance. If we can flip that, if we

5:37

can stay above 79K for three days, that

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means we're heading to 80 85k pretty

5:42

shortly. And after that, 96K, which is

5:45

level five. 96K was also big resistance.

5:49

But there's also some confluence around

5:50

the 79K. We'll dig into in a minute from

5:53

some onchain data. Now, we also had the

5:57

highest weekly close since January.

5:58

Again, we've been up only pretty much

6:00

since January. Last 90 days have been

6:03

very very positive and that's a good

6:05

takeaway. Today is weak but that's okay.

6:08

Monday often sells off but the spike on

6:11

Sunday night was very interesting to

6:13

watch. Now this is the weekly time frame

6:15

for this chart and you can see the trend

6:17

has not turned positive yet but it did

6:19

turn positive on the daily a long time

6:21

ago as well back around 67 66k. So we'll

6:26

see where this goes. Now,

6:29

back to confluence. We have a thing

6:31

called the short-term holder realized

6:33

price. That's at 82,000. We got within

6:35

$2,200 of that last night. Now, why is

6:38

that important? Well, this is the

6:41

average cost of Bitcoin for the

6:43

short-term holders. Now, sometimes what

6:45

happens is if you have people that

6:47

bought at say 82,000

6:50

and then they saw the price going all

6:51

the way down to 60K and they're like,

6:53

"Oh my god, why did I ever try this

6:56

Bitcoin stuff? It's killing me. Now,

6:59

when it returns to 82K, they might say,

7:01

"I can sell now and just break even,

7:05

i.e. sell without a loss. No more of

7:07

this Bitcoin headache for me or

7:08

whatever." It's unlikely people will do

7:10

that, but again, it is part of the

7:12

mentality. But if we can get back above

7:14

that short-term holder cost basis, that

7:17

would also be very important. And

7:18

that'll give people when they start

7:19

making profit, they feel happier and

7:21

they start buying more, too. But it

7:24

could be a level of resistance at 82K.

7:27

So watch this carefully and the exchange

7:30

sell pressure has eased a lot too.

7:32

Long-term holders not selling. Uh stuff

7:34

is not saying now. Now that I say that

7:36

though, Wintermute, who are market

7:39

makers who like to play with the Bitcoin

7:41

price, they have allegedly put

7:45

20, 30, $40 million of Bitcoin to

7:47

exchanges on Binance. So, there could be

7:49

a little dump where this could be a

7:51

contrived dump on behalf of somebody

7:54

else. So, don't get shaken out with this

7:56

little bit of uh $2,000 off Bitcoin

7:58

price today. It might be contrived just

8:01

like everything else in the markets.

8:02

When you go into the markets,

8:04

understanding that everything is rigged,

8:06

you're much better off. If you think

8:08

it's a zero- sum game, it's you against

8:11

some random person on the street, it's

8:13

not. There's bigger forces at play.

8:15

Always go into the markets remembering

8:17

that. Now, shout out to Ecoinmetrics. It

8:20

believes also Bitcoin recovery is well

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