AI Summary
In this market recap, the host breaks down Bitcoin's 13% weekly drop, the MicroStrategy sell-off and its $10.8B unrealized loss, and Arthur Hayes's surprising exit from Hyperliquid and NEAR. He identifies five 'cycle leader' altcoins to accumulate and shares a short-term short thesis on MegaETH (ME).
Chapters
Bitcoin is down 13% on the weekly charts, but the host frames this as a major opportunity to accumulate cycle leaders rather than a reason to panic.
News that Michael Saylor might sell Bitcoin caused the drop, and on the 31st he officially sold -- sending Bitcoin sharply lower.
MicroStrategy faces its biggest unrealized loss in history at $10.8 billion, down 17% on its Bitcoin position after six years of buying, while the S&P 500 is up 116% over the same period.
After selling 32 Bitcoin at $77,000 per coin, MicroStrategy's position lost $11.8 billion in value and its stock is down 77% from its record high.
If MicroStrategy goes under, Bitcoin could see deeper lows, but the host believes that would ultimately be healthier for Bitcoin's long-term trajectory.
SOL is down 15%, Doge 10%, Chainlink 12%, and Avalanche and SUI are each down 15% on the week, presenting potential buy opportunities.
Hayes gave a $150 price prediction for Hyperliquid, but announced he exited his HYPE and NEAR positions, citing rising energy prices, upcoming AI mega IPOs, and a potential market peak before September.
The host names Hyperliquid, Venice, Bittensor, Zcash, and Near Protocol as the only five coins getting all the liquidity, and says they are the only ones worth DCA'ing into.
Bittensor around $200 and Zcash around $500 (down from $700) are good positions, while HYPE and Venice may need to dip a bit more for average buyers to start DCA'ing.
ME has been in freefall: the token dropped more than 50% within weeks and 70% from highs, daily active users are low, and most activity is airdrop farmers dumping rewards. The host targets 4.5–4 cents.
Despite the scary headlines, the presenter sees the dip as a buying window for cycle leaders while warning that a MicroStrategy unwind could bring deeper lows. His core message: stay disciplined, DCA into the five coins with real liquidity, and avoid narratively-driven meme trades.
Mentioned in this Video
Study Flashcards (8)
What was MicroStrategy's unrealized loss at the time of the video?
easy
Click to reveal answer
What was MicroStrategy's unrealized loss at the time of the video?
$10.8 billion, down 17% on its Bitcoin position.
02:06
By how much did the S&P 500 rise over the same period MicroStrategy held Bitcoin?
easy
Click to reveal answer
By how much did the S&P 500 rise over the same period MicroStrategy held Bitcoin?
It was up 116%.
02:18
How many Bitcoin did MicroStrategy sell and at what price?
easy
Click to reveal answer
How many Bitcoin did MicroStrategy sell and at what price?
32 Bitcoin at $77,000 per coin.
02:31
Which two coins did Arthur Hayes exit, and what reasons did he cite?
medium
Click to reveal answer
Which two coins did Arthur Hayes exit, and what reasons did he cite?
He exited Hyperliquid and NEAR, citing rising energy prices, upcoming AI mega IPOs, and expecting market highs to peak before September.
05:50
What price prediction did Arthur Hayes give for Hyperliquid?
easy
Click to reveal answer
What price prediction did Arthur Hayes give for Hyperliquid?
$150.
05:34
What are the five cycle leader coins mentioned in the video?
medium
Click to reveal answer
What are the five cycle leader coins mentioned in the video?
Hyperliquid, Venice, Bittensor, Zcash, and Near Protocol.
08:13
What accumulation levels were suggested for Bittensor and Zcash?
medium
Click to reveal answer
What accumulation levels were suggested for Bittensor and Zcash?
Around $200 for Bittensor and around $500 for Zcash (which was almost $700).
09:00
What is the short thesis on MegaETH (ME)?
hard
Click to reveal answer
What is the short thesis on MegaETH (ME)?
The token fell over 50% within weeks and 70% from highs, daily active users are low, most activity is airdrop farmers dumping rewards, and the ecosystem is full of copy DeFi apps.
09:56
💡 Key Takeaways
MicroStrategy's $10.8B unrealized loss
It quantifies the severity of the Bitcoin bet going wrong and the potential systemic risk to the market.
02:06Unwinding threat to Bitcoin
The possibility that MicroStrategy could go under reframes the dip as a potential healthy reset for Bitcoin.
03:26The five cycle leaders
A clear, actionable list of the coins the host believes hold real liquidity, offering a filter for DCA decisions.
07:16ME short thesis
It outlines a repeatable short setup based on airdrop farmer dumping and low organic activity.
09:56Full Transcript
[00:01] There is blood in the streets this week in crypto. Bitcoin is down 13% on the charts. But what the market has showed us over the last couple of months is this is actually a huge opportunity
[00:13] for you to accumulate the cycle. Leaders, in this video, I'm going to give you my levels on certain altcoins that I want to be accumulating and what is causing this really cataclysmic quick market
[00:25] collapse with 13% down on Bitcoin on the weekly charts. We'll talk about that and more in this video. So, without further ado, let's go ahead and jump right into it. No clean transitionary
[00:37] intro today because we actually are starting a new journey on this channel. So, if you are watching today, this is the beginning of In The Money. Obviously, we have been in the game for quite some time, but the crypto gaming niche just did not materialize the way we thought it would,
[00:53] and that's just purely honest. Moving forward, this will be your one-stop shop for everything crypto and prediction markets. We have you covered here on In The Money. In The Money
[01:05] means if you aren't privy to investment terms, means in profit. So, that's what we aim for every single day here on In The Money, and that's what we're going to be shooting for. So, like the video down below and subscribe to the channel for more every single week here on In The Game. Let's go
[01:21] ahead and jump right into it, guys. I am so used to saying In The Game on In The Money. Let's go ahead and jump right into it, guys. Bitcoin down 13% this week, which is actually crazy. We were really trending nicely back up towards that 80K level it felt, and then we got this news that
[01:38] Michael Saylor was potentially going to sell some Bitcoin, and then on the 31st he officially pulls the trigger on selling Bitcoin. And yes, we do talk about Kramer as a top or bottom signal any
[01:50] single time he buys crypto or sells crypto. But at the same time, he is saying Michael Saylor murdered Bitcoin. And right now, that really is the case. I mean, the stock market has still been going absolutely ballistic at this point in time. And then the timeline here,
[02:06] MicroStrategy is facing its biggest unrealized loss in history at $10.8 billion. In other words, six years of buying Bitcoin, the company is down 17% on its position. By comparison,
[02:18] the S&P 500 is up 116% over this time frame. And that is an index of the whole market, let alone some of these AI stocks and tech stocks that have done crazy numbers in short periods of time. Since
[02:31] MicroStrategy sold 32 Bitcoin at 77,000 per coin, their positions have actually lost 11.8 billion in value. This puts the stock down 77% since its record high. Now, I want to point out a couple
[02:45] things. I don't understand why Michael Saylor did not think that selling Bitcoin would cause Bitcoin to go way lower. I mean, he is the one guy that has paraded and championed over the course of time that he is never going to sell Bitcoin. This is the reserve currency. There is no second best. He
[03:00] does not want the stock market. He does not want Ethereum altcoins. There are no altcoins to Mr. Saylor. It is just Bitcoin. And then to think, okay, it is only 30 Bitcoin, right? We are not going to dump that much. Maybe they will not care. I mean, of course, the crypto market is going to
[03:14] react. That 32 Bitcoin that he is selling to cover his dividends or whatever the case is. I mean, now they are down 11.8 billion on that certain amount of time period. So, it is just crazy to see
[03:26] the downfall of what is happening with MicroStrategy. And it really does almost feel like an unwinding. And if MicroStrategy goes under, we might really see some lows this bare cycle. But it will be healthier for Bitcoin moving forward. I really do believe that if that was to happen,
[03:43] but obviously I don't wish that to happen. I hope that they can get out of this. I do think Michael Saylor is a brilliant theoretical mind. But the execution so far has definitely been lackluster. Let's dive into the altcoins. Obviously, I think there is a lot of good buys across the space in
[03:59] the altcoin sector right now. We see stuff like SOL down 15%, Doge is down 10% on the weekly. We have Chain Link down 12% on the weekly. Stuff like Avalanche and SUI down 15% respectively. Randomly,
[04:13] we have Worldcoin pumping off of Arthur Hayes's endorsement. And we will talk more about Arthur Hayes in just a second, but I do want to give a quick shout out to the sponsor of this video, and that is Bitget. So you can check out down below to join in on the Bitget exchange. But
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[05:05] margin. Their exchange combines crypto and traditional assets. So Bitget is a one-stop shop for stocks and crypto. You can check out the link down below in the description if you are looking for a centralized exchange to trade on in 2026. Now, let's go ahead and jump back
[05:20] into the content. We have some news across the board. We have Arthur Hayes, and he has championed Hyperliquid. He has championed Near Protocol. He thinks that these coins are great. He gave a $150
[05:34] price prediction on Hyperliquid. To be completely honest with you, I bet that that comes true, but it is not going to come true in the short term. And now he is coming through and dumping, he announced this on his Twitter that he has exited every single coin that he held in Hyperliquid and
[05:50] NEAR. And those were his two recent shills, citing rising energy prices, upcoming AI mega IPOs, and expecting market highs to peak before September. And you could take this two ways.
[06:04] He is a pretty savvy investor and he does pick very good coins, but I do not think the timing is quite right here. I think that you probably hold on to these for the foreseeable future. Wizard of Soho says crypto is really only HYPE, VV, and NEAR. Everything else is trash. And we look across
[06:21] the board here. Added more to NEAR open position in TAO. And also looking at GRASS and AERO, VV is my largest position. Got in low so I am not touching this. I more or less agree. When you
[06:33] look at what is happening with Hyperliquid, this thing has absolutely crushed this month and anyone on this channel, if you guys have been buying alongside me at $27, $35, $40, those DCAs on this
[06:46] way up, I mean, you should be absolutely printing on your HYPE positions. I have no plans to exit Hyperliquid anytime soon. I think in the future you will see this coin trading at a hundred plus dollars. Near Protocol as well. Near is just now catching momentum. If we go find Near Protocol,
[07:04] it is the number one AI altcoin in the space. And I actually tweeted on top of this Arthur Hayes tweet. This makes me infinitely more bullish on Hyperliquid and Near Protocol. This type of thing,
[07:16] dumping every single coin. If the market trends back up at any given point in time, I feel like we are going to see these coins rise again. And that is the ultimate underlying point of this video. We talked about this last month when we had a big dip in Bitcoin. Let's just pull up the Bitcoin chart
[07:33] here really quickly and we will take a look at the exact moment that I mentioned this last time and I think it is going to play out again. So we look at this Bitcoin chart over the course of the year.
[07:45] Now we have obviously some really nice highs and some crazy lows. But if we look here around this area, I think it was 78 down to, I forget the exact dip that it was. But regardless, we saw a
[08:01] pretty solid dip about a month ago and I made a video that the market just showed you its hand. There are five coins getting all of the liquidity in crypto. It is Hyperliquid, Venice, Bittensor,
[08:13] Zcash, and Near Protocol. I think if you are looking to DCA, those are the only five coins that you should be concerned about at this point in time. Worldcoin is getting a lot of pull on Twitter, but that feels like a one-off narrative style trade rather than the main characters of
[08:28] the cycle. We are not going to be filling our altcoin portfolio with garbage. We are not looking to accumulate gaming tokens right now or any of that stuff. We are looking at the cycle leaders and we are going to hold some stable coins on the side. So for me, I am looking at dips right now
[08:44] on Hyperliquid, Bittensor, Venice, Near Protocol, and Zcash. I think that Hyperliquid needs to dip a little bit more for the average person to start DCAing. As well as Venice. Venice has just been on an absolute tear. We bought this one at $8. So, anyone who entered with us there should be pretty
[09:00] satisfied. But around 200 for Bittensor and at 500 for Zcash when this was almost trading at $700 just a couple weeks ago. I think those are pretty good positions at this point in time. And then
[09:13] last but not least, a short-term trade that I am in on currently. And guys, if you are enjoying the content today, like the video and subscribe down below, on this new journey on In The Money. Now,
[09:25] looking at a trade that I am in currently, and that is ME shorts. I mean, if you just look at this chart, this has been by far the best trade to take in crypto for the last few weeks. And you can do this on Variational on a per DEX up to 50x leverage. So if you like to play with leverage,
[09:41] you can check out Variational down below. We do have an exclusive access code there. But with Mega ETH, I actually entered this short right around 7, 68, 6.8 cents. And ever since then,
[09:56] when I entered this about a week ago, this thing has just been on a freaking freefall. And it makes sense. The token starts dumping almost immediately. Price falls more than 50% within a few weeks and then drops 70% from its highs. Daily active users are incredibly low. Most activity is
[10:13] just from incentives. It is airdrop farmers coming in accumulating rewards and then dumping them on the chart. They leave when there are no rewards and the incentive program is terminated early. Ecosystem feels full of copy DeFi apps from other chains. Mega becomes mega wrecked. I do believe in
[10:30] this thesis. If you look at stuff like Monad, if you look at stuff like Berachain, these new L2s, they are not relevant in today's cryptosphere. Also, they raise too much VC capital to sustain a
[10:43] price. So, I am long-term and short-term short on the Mega ETH chart. And if you look here, even the rallies on this thing are very short-lived. So, if you have a healthy liquidation price on this,
[10:55] this is something I am currently short on and I will remain short on, especially if Bitcoin continues to fall. This thing is going to hit four and a half, four cents over the course of the coming weeks, which we will capitalize nicely on a leverage trade, guys. So, as always,
[11:11] like the video down below if you enjoyed the content. Subscribe for more, and we will see you tomorrow on another video of In The Money, your one-stop shop for crypto and prediction markets. As always, trade responsibly, my friends, and of course, stay bullish, my friends.