All Hell Just Broke Loose In Crypto (Guess Who Just Crashed Bitcoin?)

[00:03] falls back under $59,000 as strategies, common and preferred stocks tumble. Also, Cardano wallets are being hacked. We'll talk about it. I'm sorry the ecosystem's going through this.

[00:17] has officially dropped under its 200-week moving average right now at around $59,000. Although, comment down below what the price is when you're watching and how you're feeling. Let's all check the comment section together.

[00:32] Because the last time, the only time in Bitcoin's history that it has fallen below the 200-week moving average was during the FTX collapse in the 2022 bear during the FTX collapse in the 2022 bear market. It's official. Crypto has now

[00:47] erased more than half of its value in just 8 months. On October 6th, 2025, that's when the Bitcoin price was around here. On October 6th, the total market cap of crypto hit a record

[01:01] 4.3 trillion dollars. Today, 261 days later, crypto is worth just about 2 trillion dollars, marking a 54% decline in value. This means the

[01:15] crypto markets have erased an average of 8.8 billion dollars per day for 261 days 8.8 billion dollars per day for 261 days straight. And there's three big players selling off, crashing the crypto markets right now. You will not believe number

[01:30] three, but player number one, this is something we've seen for the last multi-months, are institutional players selling the price down. Breaking. US selling the price down. Breaking. US Bitcoin ETFs saw 6.4 billion dollars in

[01:44] outflows over the last 30 days, the largest 30-day outflow on record. These are primarily clientele from BlackRock, clientele from Fidelity, clientele from the Bitcoin ETFs who only just got in for the first time, here may be

[02:00] expecting, "Oh, this is the new This is the new thing. Up only. This is fun." And then now realizing, "Oh, what did I get myself into?" They don't understand what they invested in. They're weak hands. They're They're panic sellers.

[02:13] Negative sentiment continues to drive crypto market flows. We knew this, but institutions, they're player number one. Now, the good news is, in terms of how low can Bitcoin go, and it really does have to do with player number two and

[02:26] player number three, the sellers in the market selling. But my worst-case scenario, if the worst should happen, just understand in most bear markets, in a normal Bitcoin bear market, price

[02:40] a normal Bitcoin bear market, price price usually dips around 70 to 75%. Again, that's normal for Bitcoin. Right now, we are only at about a 50 to Right now, we are only at about a 50 to 55% decline. So, if this was a normal

[02:54] 55% decline. So, if this was a normal Bitcoin bear market, a 70% decline from all-time highs would take us around $36,000, $36,000, maybe as low as 31 or $32,000.

[03:06] would be normal. But you could say, "Well, this time Bitcoin didn't really euphoric tops." Euphoric tops in the past, right? Now, we sort of topped on apathy. So, maybe we won't We won't go down that low. I

[03:22] personally think because Bitcoin finally hits the 200-week moving average, which It's the beginning of the bottom. The next three to six months, maybe we go lower. Maybe we go higher, then go

[03:35] lower. Maybe we've already bottomed, and this is as low as we're ever going to get the next three to six months, that's when confidence has to come back in the market. And these are the three to six months that you start heavily dollar

[03:49] cost averaging in. And then holding. Don't buy any Bitcoin you are not willing to hold for at least four years. Of course, we have this pesky Clarity Act. We've been waiting over a year for the Clarity Act to pass. This was a huge

[04:01] narrative. Is it actually happening? We're running out of time. Senator Cynthia Lummis on Fox Business today gives us the latest update. Clarity almost a year ago. What is holding this up in the Senate?

[04:16] >> I do just have to mention very quickly that another, this is not one of the three reasons, but another big reason that crypto prices are obviously going lower is because the traditional stock market is thriving. Micron, for example,

[04:30] market is thriving. Micron, for example, today tops their Q3 earning estimates and the stock is now rocketing. Let's take 60 seconds and talk about exchange partner for the channel Bitget and their stocks 2.0 rollout, which is live. This

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[05:59] recommend. And the crypto market structure bill update is this. >> We've been negotiating on the Clarity Act hardcore since last Labor Day. And it's been an arduous process. As you know, the major monkey wrench was thrown

[06:15] in it when the Genius Act when the Genius Act revisions that the banks wanted became a huge issue for us. And I'm really proud of

[06:27] Senator Ossoff Brooks and Senator Tillis for working with the banks to find that compromise. We're still working a little bit on DeFi. We're working on that's illicit finance. We're working a little bit on ethics, but we've been working

[06:41] through thousands of hours in negotiating, thousands. And we're finally to the point where we're going to put out a text over the July 4th and give people one last really

[06:56] thorough look at the bill. And then we're moving in July. >> You're going to move in July, but the banks are fighting it. >> So many investors who bought initially because they thought, well, we're about

[07:09] to get regulated in America, in the United States for the first time in history, many of those net buyers are now becoming net sellers because they just don't think we're going to have enough time. Just like the ETFs, they're

[07:22] scared. They're emotional. Yet the good news is this is how bottoms are formed when the biggest net buyers all of a sudden become the sellers, that's how bottoms are formed. Right? Emotion in all markets is common. Invest in strong

[07:38] assets and understand humans are going to human. They'll be emotional. I mean, did anything fundamentally Did the fundamentals change at all with Bitcoin? No. It's still absolute digital scarcity. There will only ever be 21

[07:54] million. So, it's a motion. Of course, we have big player number three selling off this market. It's not Cardano holders. Cardano holders are actually hurting. Cardano users hit by a fresh wallet strain. So, this was a critical

[08:10] flaw in not Cardano the protocol. The protocol's fine. It was a product. It was a wallet. A critical flaw in SecondFi, the rebranded Yoroi wallet, which is a was a very popular wallet, exposed private

[08:26] keys during web wallet creation, letting attackers empty roughly 178 self-custody wallets. Around 16 million ADA, about 2.4 million

[08:39] dollars, plus tokens and NFTs were stolen. The platform is now in maintenance mode, took a balance snapshot, and says it's investigating with security experts while planning user compensation. This is what Charles

[08:53] say. >> Sorry that they're going through this. this. Doesn't seem to be a huge amount of ADA, but that brings no solace to the people who have lost funds

[09:06] for them, that's all their ADA, or at least a great amount of it. And it hurts them whenever they lose anything. This is the unfortunate reality of

[09:18] crypto. I've been in the industry for 15 years. I have fond memories of Mount Gox and the incident there. I had many, many, many, many hacks throughout the years. And uh the largest incident actually on Cardano

[09:33] was uh Nomad. I think it was about a 20 or 30 million dollar hack. And I personally lost some money in that hack because of we had stable coins through the Nomad bridge on Ethereum. We were able to

[09:46] recover most of it, but you know, that's just the reality of these things. Now, what makes this scary is that coins were in a wallet. How you, if this happened to you, how you could have prevented this is Second Fi rebranded Yuri wallet

[10:01] was a hot wallet, which means it was software. It lived on the internet, and that's how the attackers were able to access during the web wallet creation

[10:13] web. If you're not attached to the web, meaning if you have a hardware wallet, a ledger, a Trezor, there's a link down below if you want a crypto hardware wallet. I use a ledger, but that's how attackers were able to access. You have

[10:28] the good news. So, the good news is at least the platform, meaning the wallet, took a balance snapshot. So, there's a good chance we'll see that the wallets good chance we'll see that the wallets themselves with their funds may repay

[10:42] users. Of course, it's going to It might be a real grind trying to get the money back. And that brings us to player number three, the boogeyman in crypto. The reason we're still seeing the sell-off is because Michael Saylor's

[10:56] MSTR, their common stock, it is hemorrhaging. It has fallen below $100 for the first time since I think 2024.

[11:08] for the first time since I think 2024. That's crazy. It's all due to relentless dilution. In order to buy his Bitcoin every week, he has to sell his common hitting, and that's causing the market to reject

[11:22] him. For this reason, that's the third player. That's sell pressure on Bitcoin, and that's sell pressure on MSTR. And if I could go so one step further, the market is sort of realizing that Michael Saylor may have to, I'm not

[11:37] saying he will, he may have to decide to sell a huge clip. If he he has decide to sell a huge clip. If he he has he has a fiduciary duty to make sure his common stock MSTR does well for his shareholders. He has a

[11:52] fiduciary duty to support this. So, what the market is speculating is he may, switch over here, he may have to sell a huge clip of his Bitcoin to increase his

[12:04] funds, his cash funds a few more years to signal to the market, don't I'm not going to have to sell my preferred stock anymore. I sold a clip of the Bitcoin. At least my I'm sorry, common stock. At least my common stock is okay. Honestly,

[12:18] when Michael Saylor buys millions, hundreds of million dollars worth of anymore. So, if he sells hundreds of million dollars dollars worth of million dollars dollars worth of Bitcoin, it won't directly push the

[12:31] price down with any significance. It's just going to be be the narrative that maybe causes fear in the market and pushes the price down. But that boogeyman is causing unease in the market.

[12:43] Again, when the biggest net buyers of Bitcoin become force sellers, that's where bottoms happen. Not that day, but around then, that's how bottoms happen. By the way, I will say one of the most bullish scenarios that actually not a

[12:57] say this very quickly, because I don't want to waste your time. One of the bullish scenarios is because this is the weekly chart and because the week is not over yet, we're still mid-week, one of the most bullish

[13:11] scenarios would be if we can somehow close above the 200-week moving average, so close above around $62,000, which we absolutely theoretically can in a few days, that would not only be a close over the 200-week moving average, very

[13:26] bullish, but that would again be a higher high signaling that we have strong support. It got bought up. If, for example, we close the weekly weekly chart below the 200 week moving average, get your shorts ready. Get your shorts

[13:42] time. We closed below. It was this in-between thing. We couldn't close above. And then we dipped, a little fake out, guarantees. This is all just probabilities. All just probabilities.

[13:55] Do your own research, make your own decisions, and either way, click subscribe and join this team. We literally just hit 2.3 million users followers on X. We're growing. We're growing like crazy, and our goal is to

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