Treasury Just Flipped the Setup for BTC & Gold w/ Kris Bullock & Bijan Maleki | Trading the Markets Aug. 19, 2026

Bijan Maleki and Kris Bullock are back to break down a potentially important shift in the macro setup for crypto. With the U. S. Treasury stepping up long-dated bond buybacks, long-end yields are falling and the dollar is weakening - conditions that could become increasingly supportive for bitcoin, gold, and other risk assets. Kris also digs into PUMP, which has recently overtaken Hyperliquid in 30-day protocol revenue, and explains why he’s considering adding it to the Real Vision model portfolio. They compare the setup with HYPE, run through the usual crypto charts, and look for the strongest opportunities across the market. 👉 Have a question for Kris? Join the live show every Monday at 1pm ET in the RV Discord. Register here: https://discord.gg/FTQsrUhD9Z. 🔥 Get 𝗙𝗥𝗘𝗘 𝗔𝗖𝗖𝗘𝗦𝗦 to Real Vision https://rvtv.io/3YOZZUe Timestamps: 00:00 - Why Crypto Is Surging: Treasury Buybacks & Falling Yields 02:04 - Treasury Buybacks, the Dollar & Bullish Financial Conditions 03:00 - SEC & CFTC Crypto Policy: What Happens Without the CLARITY Act? 04:02 - Crypto’s Biggest Short Squeeze in Years 07:39 - ETF Flows & U. S. Crypto Demand Show Signs of Life 10:54 - Bitcoin Rally: Is a Trend Reversal Starting? 13:59 - Ethereum, Solana & Sui: Which Crypto Is Leading? 17:41 - Hyperliquid Rebounds as HYPE Flips Bullish 18:35 - PUMP Beats Hyperliquid on Crypto Revenue 22:10 - Ansem’s Solana Launchpad & the Meme Coin Economy 26:20 - Venice & Morpho: Crypto’s Relative Strength Leaders 29:40 - PUMP, Morpho or Bitcoin? Kris Eyes His Next Trade 32:41 - Robinhood Chain: The New Crypto Ecosystem to Watch 42:28 - Zcash & Monero Break Out as Privacy Coins Rally 46:51 - Ondo, Aerodrome & the DeFi Tokens to Watch Learn more about your ad choices. Visit podcastchoices.com/adchoices

• 0:06Speaker 00

  Happy Wednesday, everyone, and welcome back to another edition of Trading the Markets. We had a different show prepared for you today, but I think about, you know, half an hour before we were about to go on, everything just completely, well, maybe not everything, but quite a few things changed. If you've looked at your portfolio right now, you probably are enjoying the green candles that you haven't seen in a while, especially if you are more heavily into crypto. So we welcome that. We're going to dive into that, see what's going on in the market, why things are green. Are we, is this, but is this a bear trap?

• 0:48Speaker 00

  Some people in the community think so, but we're going to look at the charts to really see if that is the case. Chris, happy Wednesday. How are you?

• 0:59Speaker 01

  Yes, I'm doing well. I'm looking forward to this, actually. Like I said, there's a lot going on right now. It's kind of exciting. I'm going to push back. I think it's a little bit more durable than just a, you know, a flag, but we'll see. I mean, obviously tomorrow will tell, but I think based on what I'm, what I've discovered and kind of gone through and what I'm going to lay out, I think it's a little bit more durable than that. I think we're seeing a little bit more to it. But before we get into everything, I want to first start by saying I've tweaked my, my visual settings on my TradingView layout to make the contrast better in an effort to make it more readable. And so I'm going to do a couple of different things here. I'm going to start the show in the dark mode, as I usually have it, though it is an enhanced dark mode with, with better contrast.

• 1:44Speaker 01

  So I want you to look at this as we go through the show, watch this, see what you think. And then about halfway through the show, I'm going to flip it to light mode and see what that looks like. And then at the end of the show, I want you to leave a comment on the platform and tell me which one you think is better. And I'll see what we think going forward. And so I'm trying to make this ultimately a better viewing experience for as many people as possible. So we'll see how it goes. But yeah, I'm going to start with that and moving along. Now, what's going on? Well, it kind of, I think the big catalyst that all started this off was the Treasury announcing this morning that they're going to double, double buybacks,

• 2:25Speaker 01

  basically on the 10 and the 30 year, beginning September 9th. So that means major Treasury, you know, major buying of Treasuries, basically. And so what that did is that dropped the, it dropped the long, you know, the long end of the yields way down. We have these big red, red candles on the 10 year, on the 30 year. This, this ultimately is bullish. So this resulted in a drop in the dollar, which we see here, which is also bullish. So those, those things are very bullish for Bitcoin, very bullish for gold, things like that. That was kind of the thing that, that sort of started all of this off. We had the, the bond yields coming down drastically. We had the dollar coming down drastically. And then kind of along the same lines, yesterday,

• 3:10Speaker 01

  the CFTC and this SEC announced some pretty major policy announcements that are very favorable towards crypto that are going to take place regardless of whether the Clarity Act comes online or not. They have like this regulation crypto assets proposal, clearer token classifications, staking and DeFi guidance, you know, broader regulated crypto market access. So the SEC is doing favorable, favorable things. The yield, the Treasury is doing favorable things. This has kind of resulted in an inflow in ETFs, which we see here. So we're having a pretty decent week in ETFs coming up. So like all of these things are starting to pile on, you know, the, the macro became favorable,

• 3:51Speaker 01

  sort of the, the financial conditions became a little bit more favorable, which is causing big money to kind of start dipping in a little bit more. You know, we had a down week last week, but you know, a decent positive week this week. And so all of those things kind of aligned and caught a lot of crypto people off guard. And it resulted in a very big short squeeze that we can see that's happening right now. Now, this, this is a 90 day timeframe, but this is the biggest short squeeze, not only in the last 90 days, but actually going all the way back to as far back as this chart here goes, back to 2023, outside of the events of October 10th, October, yeah, right here, or October 8th, rather, whatever, wherever this is.

• 4:36Speaker 01

  But those were mostly long liquidations, although there were quite a few shorts. But outside of that, this is a, the biggest shorts we've, we've had, we've had in like years. And so that's why everything is massively green right now, because shorts, there's just massive forced buying, basically to cover all these, these shorts, because everybody was like net short in crypto and they're getting their faces melted off right now. So that's why we've got big green candles pretty much across the board today. So now, is this durable? I think so. And the reason I think so is because again, it's not just like a short squeeze. It's, it's coming from macro changes. It's coming from Treasury changes. It's coming from Fed policy changes

• 5:17Speaker 01

  in terms of like the SEC and the FTC. It's coming from institutional flows. It's impacting gold also. It's not just crypto. So I think there's some durability to this. Now, I think what we need to see, obviously there's a, there's going to be Fed minutes that come out towards the end of today that are either going to reinforce this falling yield liquidity narrative, or they're going to push back against it. And so that announcement, you know, how the Fed, the Fed minutes sort of reacts to what's going on is I think going to determine if this is a one day thing or if this is a durable thing. So that's really what I'm waiting for. But based on all of the different elements that have gone into this, I do think that there is more durability to it than not. So I'm leaning towards it's pretty good.

• 6:01Speaker 01

  So yeah, I mean, I like what I'm seeing. I think based on this, let's obviously dig through a bunch of charts and see, see what we see in terms of what levels are we at? Are we breaking through some levels? Are we breaking through some resistance? What looks good? What looks better than others? And just kind of get a, get a, you know, check of where we're at. But I like what I'm seeing and I think that, I'm not saying the bottom is in, I'm not saying that, but I'm just saying this, I think it has some legs. I will say that. And so we'll see. Maybe the bottom is in. That would be cool. I would be happy with that. So yeah. That's the, that's the quick breakdown in a nutshell of what's going on and why everything is green. And it's, it's pretty exciting stuff, really.

• 6:44Speaker 00

  Love that. Yeah, we have, I mean, we've cut it quite a few assets are like, you know, approaching double digit percentage gains on the 24 hours, right? Bitcoin up almost a little over 6%, ETH almost up 10%, hype up over 6%. I think Zcash is up, you know, nearing 10%. So quite a few assets are definitely running right now. Is it just a case of, and now like, so what should we be looking for here in, in moments like this? Yeah, maybe the bottom's not in, right? Maybe it is. That's not really the question at hand here.

• 7:23Speaker 00

  But what should we looking, like, what should we be looking for in this moment now that things are going up? Is it just as simple as you want to see the asset going up more than Bitcoin is in these types of moments? Or is there more to it than that?

• 7:39Speaker 01

  I mean, certainly, yeah. In the case of alts, of course, yes, you want to see it going up more. I think what I'm really looking for ultimately is, is what's going to tell me that this is durable? You know, like what's going to tell me that we're seeing the major things that I keep looking for? Like in terms of ETFs, are ETFs actually improving? Another thing that caught my eye along the same lines that I, that I've been talking about was the, the Coinbase premium index. Now, we know it's been red for sort of historic lengths. It actually poked slightly up into the, I mean, you probably can't even see this, but it did, just believe me, it did poke up into the green for the first time

• 8:19Speaker 01

  in literally months. So I mean, it's, and it's back down in the red now. So it's not, it's not, it's not like everything. But I mean, literally like, let me kind of zoom this out for just a second. So when was it last, not even, hold on, like, when was it last green at all, period? Was way back here on June 11th. So more than two months. And even then, it was just a quick peak above and another quick peak above. It really wasn't sort of sustained green until, you know, back, all the way back in April. So it's been a minute. And this is the first time it's been since June 11th. So I'll take that, that's a step in the right direction. That's a step that's showing me that US retail at least has a pulse, you know,

• 9:04Speaker 01

  which I'll take that, I'll take a heartbeat from US retail. That's, that's something that they're, they're still alive. They're still out there somewhere, you know, they're just sort of hiding in the shadows, waiting. So, you know, that's good. But if we can get a little bit more interest on that side of things, if we can get some more convincing buys, convincing, I should say, positive, net positive inflows on ETFs more than just, you know, a few days here and there, that's going to tell me that the, you know, the, I mean, I've talked about, just briefly, real quick, the reason we're seeing a lot of ETFs come in, ETF buys come in is because I go back to this financial conditions thing. We, we want to see real rates come down. And when the Fed automatically drops the, the, you know,

• 9:48Speaker 01

  the 10 year, the, I'm sorry, the 10 year and the 30 year yields, that's a direct catalyst on that. That's a direct mechanical change in these real rates, which is going to push money out the risk curve. It's going to force money out of these safe haven accounts and out the risk curve. That's why we're seeing it go into gold and Bitcoin. So as long as the Fed is actually impacting bonds, that's going to force that money out. So that's also why I think it's durable and why I think it's got some legs to it. So there's some things that are going to keep the money moving in the right direction. Now, it's not QE, it's not like liquidity, it's not they're printing money or anything like that, though it can have similar, similar effects to QE, even though it's technically not. Again,

• 10:30Speaker 01

  they're not printing money, like, understand that. But it's still, it's still putting liquidity into the system in a way that directly favors Bitcoin and favors crypto and favors gold and things like that. So that's what's good. And yeah, so I think based on that, let's, let's look at a few levels. Let's see what's where and.

• 10:53Speaker 01

  Where we're at, I mean, I don't even, I'm kind of going through this in real time myself because it's all happening right now. So we're going to sort of go through this together and just kind of see in real time what we're looking at and what we have. So Bitcoin looks good. I like that it's come all the way back up to its big major moving average cloud. It's worked its way back up into this long sideways range that it was sitting. Remember last week, it was sort of bumping up against resistance here. Let me turn my highlighter on. So it was bumping up against resistance along this line here for several weeks after just a couple of quick false breaks. And this is by far the first or the biggest sort of move back up into this range that it's had since it broke down. So obviously we'll see where it actually closes the day.

• 11:36Speaker 01

  It's already, it's already building a pretty decent WIC, upside WIC here after this, these short squeezes have kind of played out. But we'll see. So I like it. It's pushed up into the moving average clouds. It's set new highs. Hopefully it can close the day with new higher highs, but this is good. This is, um, this is the start of a new, a new daily uptrend, basically. And let's look at it kind of on the weekly timeframe here, sort of the same thing. It's been on the verge of flipping the mega trend green, but it just didn't have enough kind of momentum here.

• 12:09Speaker 01

  Let me kind of highlight this. So what we need to flip this basically is we need not only closes above, above the line itself, but we need closes kind of with momentum. And this right now today is, I mean, it's the epitome of momentum. It's, it's as good as momentum as you can get. So, um, if it can close this week out with, you know, and keep this candle sufficiently high like this, that'll flip it green. And then if we look down here on this one, we've got a bottom signal that has flagged last week. And all it's got to do is close above the WIC high of this candle this week, and that will confirm that. And that'll basically be a trend reversal on this weekly timeframe on this trading office. So Bitcoin is on the verge of a weekly trend reversal based off of this, this framework right here.

• 12:54Speaker 01

  And then kind of just moving over to this, this set, um, it is bumped right up against the 20 week moving average. So in this sense, it's still just technically kind of a, a mean reversion in an otherwise downtrend. Last term that, and that'll basically, sorry, what? Sorry, what was that? You're okay. My mic went crazy. Oh, okay. Anyway, um, so we're, we're, we need to close above this 20 week moving average here and kind of flip this to support. Right now it's still a countered trend rally in an otherwise larger downtrend. But we do see that like this, this downward moving average is starting to level off and level out and move sideways.

• 13:33Speaker 01

  So even that's a good sign. That's showing that like, we're just, we're, we're further along in this bottoming pattern. We're well above the 10 week moving average we can see. So we're in the process of flipping this. And a close above this red line here would be a very, very strong signal, I think. And so, uh, like I said, Bitcoin is very close to flipping a lot of, a lot of good signs, a lot of good resistance levels that we've been, that we've been waiting for. So, um, I like what I'm seeing there. Moving on to Ethereum, what do we got? So Ethereum, kind of what I was just saying needed to happen has just happened with Ethereum. So it got the big momentum move. It pushed up into that 200 day moving average cloud and it flipped the signal green already.

• 14:16Speaker 01

  So it was enough of a momentum move to flip the green and to get a green dot here and to confirm last week's bottom signal here. So Ethereum is arguably a slightly a step ahead of Bitcoin based off of the strength, just the outsized strength that it's showing today. I mean, it's up eight and a half percent compared to Bitcoin's five and a half percent. So that's, we're seeing that's the difference right here. Um, so ETH is, now mind you, this hasn't confirmed like, it, it still needs to close the week out to confirm this, this signal flip here. So we got to wait till Sunday, but like it's on the right track. And even just kind of going over here and looking at for comparison's sake, it's above that same 20 week moving average line already.

• 14:56Speaker 01

  So whereas Bitcoin was bumping up against the bottom side of it, ETH is already cruising along well above it. And, uh, showing, just showing more strength in, in the, in the moment. So ETH looks really solid. Let's check out Solana. Uh, Solana's getting there. So Solana's a little bit different in that it flipped its mega trend green quite a while back. But it's funny, I, I wouldn't have still bought here because we had loads of red dots here. So these red dots would have kind of invalidated this mega trend signal. But if we look closely, um, you know, we finally lost the red dot here. And so we're on the verge of kind of pushing out and, and breaking out, but it's still not as far along as, as Bitcoin or Ethereum.

• 15:39Speaker 01

  It's still, it's further, I mean, it's got a little ways to go, uh, but it looks good. I mean, again, it's pushing back up against previous, previous highs that were set back, uh, in June here. So it's doing what it needs to do. Um, everything's going to kind of look good today. Sui, eh, less so. I mean, it is technically above its mega trend. Um, it still has a red dot. It's still below its 10 week moving average here. So, uh, Sui's holding the lows, but, uh, I mean, whatever. It's, it's got a bullish divergence here. It's got some bullish divergence flags, which looks good. Generally the RSI is trending in the right direction. So it's showing a bullish divergence on the RSI.

• 16:20Speaker 01

  Whereas this moving, this is moving up even though this is kind of trending down still. So it's the, the downside momentum is continuing to wane, I think with Sui, but it's not as far along as the other ones we've just looked at.

• 16:32Speaker 01

  Briefly, let's look at Tron. Tron is just kind of cruising. Um, I want to look at, well, let's look at XRP. XRP needs to bottom out too. XRP is really just bleeding, like bleeding, bleeding, not really catching up, not really. It kind of looks like Sui to a large degree. It's, it's, uh, yeah, I mean, it's bad. It's, it's not even like showing bullish divergences on the RSI or anything even. So that's not great. Let's look at Near. Near's been one that's been kind of on everybody's radar lately. Let's see what it looks like. So Near actually was green. It has broken down, but it did hold support on the bottom side of this 200 day moving average cloud. And it has bounced nicely off of it. Um, and then what do we got here?

• 17:15Speaker 01

  It kind of held its green candles, but it had green dots and it's lost its dot here. So looking, looking pretty good. It's rebounding, which I like. Um, so it's trending with the rest of the market. I mean, it's up six, six and a half percent today. So I like that. Um, but it's, it's sort of lagging behind the, the leaders of the day, even though it's been generally outperforming overall and has looked better overall than some of the other ones. It's kind of lagging behind in the moment, which I think is, is noteworthy. I'm going to skip down here a few and let's, let's look at Hyperliquid. Cause Hyperliquid's been one that a lot of people were concerned with because it was kind of bleeding. But Hyperliquid's done a good, a good thing here. So Hyperliquid bounced nicely off of the top side, off of its 200,

• 18:01Speaker 01

  uh, 200 day SMA moving average and has bounced big off of it. Like it's right back, uh, you know, right back in the mix, basically. Like a good solid V-shaped recovery, which I've been looking for, and it's heading right back up towards its mega trend. And if we look here, uh, not only that, but it got its green dot back. So Hyperliquid is, is in full sort of reversal, bull trend, uptrend at this point. It's confirmed its reversal. It's, it's reconfirmed its uptrend. Um, it's, you know, I, yeah, I mean, it's doing well. But one thing that's caught my eye and one thing that I want to talk about is Pump. And Pump is actually kind of, you know, it bottomed and it's ripping out of the lows.

• 18:45Speaker 01

  And not only is it ripping out of lows, I mean, it's green, green, green across the board here. Green dots, green arrow, like green sort of thrust arrows, which shows that it's got major, major momentum to the upside. It's broken out in all levels. And not only that, what's really interesting about Pump is if I go over here, let me see if I can zoom this in a little bit.

• 19:08Speaker 01

  If I look at total like protocols, like crypto digital asset protocols running in, in the whole crypto sphere, it's ranked number three. It's only behind Tether and Circle in terms of 30 day revenue. It's notice it's above Hyperliquid. Notice it's above Tron. I mean, notice it's above, you know, Canton and some of these other ones. Pump is the third most valuable in terms of revenue in the last 30 days asset in all of crypto right now. Like, again, more than Hyperliquid, which has been kind of the, the darling of, of everything in terms of revenue. And of course it's accruing some of that value back to the token holders.

• 19:50Speaker 01

  So this is definitely noteworthy. This is catching my eye. This, this breaking out from a token standpoint. It's breaking out from a revenue standpoint. Um, it's crushing it. There's, Ansum's doing some stuff with it, which we can get into here in a little bit. But it's, it's moving and I want to call attention to it because it's now sort of, it checks those boxes, those important boxes in terms of it's a real project with real world usage that's generating real revenue, that's accruing value back to the token holders. Those are the key things that we talk about. And Pump is doing that and the price is still early. I mean, yeah, it's, yes, it's overextended kind of in the short term. Obviously these are big, big green weeks, you know, I mean, look, let's, what do we got here?

• 20:33Speaker 01

  This week is 19%. This big one here was 28%. This big one here was 36%. So it's definitely overextended a bit. I mean, it's on this, on the weekly timeframe here. We're way outside the Bollinger bands. We're at a D mark six on the setup count. So it's due like a bit of a pullback, but, um, it could run a little bit further still. It could run all the way to a 13 and, um, you know, you might not get that pullback and it might not be very deep once it happens. It could be a shallow pullback. I mean, really this red, red sort of kind of doji candle we got last week could have been the pullback, you know? And it could rip another, another five weeks from here. So, I mean, obviously I don't know what it's going to do.

• 21:15Speaker 01

  But I'm just saying this one is doing all the things that we talk about that it needs to do to be sort of a, a viable crypto asset in this new kind of market regime that, that we talk about. So, um, I wanted to bring it to people's, people's attention because yeah, it's, it's in the mix and it's interesting. And, um, yeah. Let's see.

• 21:40Speaker 00

  Yeah, Ansem recently launched a launchpad on Solana that I think is pretty much. I haven't looked too much into it. So if anyone has any additional information, but from what I'm seeing, it's basically a very much so a competitor to pump dot fun. They also burn Ansem token, all of that. Do you, what do you, how do you, how do you think of that in comparison to pump dot fun? Like, do you think they're gonna steal some of their market share?

• 22:09Speaker 01

  No, to be clear, it's not a competitor directly to pump dot fun. It actually uses pump dot fun.

• 22:18Speaker 01

  Kind of on the underside of things. What it's doing is it's, it's a way to, um, hold on, I made a couple of notes here. Let me, let me pull them up.

• 22:33Speaker 01

  So what it's doing is basically incentivizing people to go through this platform to get more access to Ansem's audience, basically. So like before, kind of the, the old, the old sort of way people would go about it is a project would come up. They, you know, they make a project, a meme coin, whatever. They would pay an influencer and that influencer would promote that project. And then hopefully people would come back around and buy the token. So what Ansem is doing instead is a, it's, it's, it's kind of wrote, it's shifting that a little bit where a project comes about, they go through Ansem's platform. This platform essentially pays Ansem's community members instead of Ansem directly.

• 23:16Speaker 01

  And the community then promotes the project and gets project attention that way. So instead of it coming from one person, it's coming from an entire community of people. And yeah, exactly. So it's novel, but it all, the launches still actually take place on pump dot fun. It's just sort of rerouting a little bit of that attention and capturing some of that attention in a different way is kind of a a nutshell way to explain it. So, I mean, there's more nuance to that, but, but yeah, so you can launch a token through here. It ultimately does launch on pump dot fun, but it captures, uh, it, it, you know, it captures Ansem's audience directly and pays them through airdrops and things like that. Like the project has to buy an allocation of token, airdrop them into Ansem's

• 24:01Speaker 01

  community that are signed up through this website. They get the airdrop tokens, they promote the project. So it's cool. It's novel, you know? So I wonder, you know, of course, uh, you have to buy Ansem tokens as part of this process. So let's take a look at what that looks like. Um, let's look at the Ansem token here. I mean, it's, it's, it's all new. It's only been out, what, a week, maybe? If even, and so these are daily candles, but we can see just in the last three days, massive, massive volume spike compared to previously. So this is interesting. I, I mean, this is something to keep an eye on for sure. It's on my radar now. It's on my watch list now. To see how well these drops go, but we know just based on what I've shown you with pump dot fun, it's

• 24:45Speaker 01

  cranking out massive revenue. It's got massive activity. This is only going to help things because we know Ansem's got a bajillion followers and his community is valuable. And so people are going to want to leverage that. So this could be an interesting flywheel and it's definitely worth keeping an eye on. So I'm going to be watching the Ansem token. I'm going to be watching pump dot fun token. Um, yeah, it's, it's, it's good stuff.

• 25:09Speaker 00

  Yeah, it definitely shows that the appetite for kind of this, this meme coin, kind of Dgen community coin space hasn't really gone away.

• 25:20Speaker 01

  Right.

• 25:20Speaker 00

  You know, so I think that's something to consider, especially going into, uh, hopefully greener pastures in the market.

• 25:29Speaker 01

  Exactly. Okay. Um, I am going to, before we move on, I'm going to switch my theme to light mode. Hopefully my retinas won't fry and, um,

• 25:39Speaker 00

  Oh my God.

• 25:42Speaker 01

  I want you guys to take a look at this as we go through the rest of the show. And then again, at the end, I want you to comment, which one do you like better? Which one is, which one is more visually clear on your screen? Which one can you see more of the indicators and the contrast and which one is actually easier for you to read? So we'll, we'll spend the rest of the show going through some charts with this color scheme and, um, we'll, we'll see how it goes and I'll do what you guys say. So if you tell me it's white mode, I'll stick with white mode. I mean, I'm going to, I'll use dark out everywhere outside of this, but I'll do the shows in white mode. If you tell me it looks better, I, I promise. So we'll, we'll, we'll see. Okay. What else do we got?

• 26:19Speaker 01

  Whoa, this is so weird to me. Okay. Um, let's look. So I've talked about hype. Um, let's look at Venice. Venice is another one that actually is kind of on the rebound too. Not to the same degree that, that hyper liquid was, but it still looks really good too. Not like a proper V shaped recovery, but I do like that it's continuing to, you know, set higher lows and higher highs. It's bumping up back up against, uh, its bull market support band. I like also that it never really lost. It never really lost its big moving averages. Like this is important. Let me kind of go back and look at it here on this one. So the thing I like about Venice is even though it blew up and then it really corrected big time.

• 27:00Speaker 01

  It never truly lost its weekly uptrend. Like it, it, it tested it as support. I will say it closed above it or below it a couple of times, but the weekly moving average, the weekly 20 week moving average is still in an uptrend and it's been fighting it all along. And now it's trying to make a meaningful close back above it. So it's still in the conversation. I think it's still worthy of consideration because it just kind of had a bigger correction than, than maybe some other ones, but, um, it looks good. It never lost its green candles on this one. It regained its green dot here. Um, so like, yeah, it's got the momentum back. It's got its mojo back, I guess, if you want to say.

• 27:40Speaker 01

  And, uh, it, it looks like it's, you know, it's, it's showing strength. So I think it's, it's worth, uh, having in your, on your radar at least too, having in the conversation.

• 27:52Speaker 01

  What else? What else? What else? There's all kinds of stuff going on here. This is kind of crazy. Oh, Morpho is another one that's been interesting to me. So Morpho is one that like never really. It's funny. It hasn't even really been in that much of a downtrend, you could say. I mean, honestly, like granted, it's, it's fairly new, but if you look at like sort of the, you know, the peak, uh, well, it peaked in August, but if we look at like, you know, October, what was this? October, kind of when everything peaked.

• 28:20Speaker 01

  It's, I mean, it's technically up. It's actually up a little bit on, you know, so it's like not even in a down. Meanwhile, the rest of crypto dropped anywhere from 50 to 70% or more, 80% or more in some cases. Morpho didn't really do that. I mean, it dropped a little bit kind of at the beginning of the year, but it's right back up and back up higher than where it was in October. So it's like, huh? Totally flying under the radar. It's a good DeFi project. It's making money. Um, and so I'm like, why is nobody talking about this? I mean, people are talking about it. I'm not saying it's not like completely irrelevant. It's, it's absolutely relevant, but I feel like people

• 29:01Speaker 01

  aren't acknowledging the fact that like, it's pretty much outperforming most things. It should be in the same conversation as the likes of, you know, hyper liquid and, and, um, you know, Venice and things like that in terms of bucking the, the, the larger crypto downtrend. I mean, it's, it's performing as well as anything out there right now. So, um, yeah, Morpho.

• 29:26Speaker 00

  Got a question that just came in from Aiden. Uh, are you currently DCA in anything? I know you've always liked SPX and Pengu.

• 29:36Speaker 01

  So, um,

• 29:40Speaker 01

  yeah, yes and no. I was going to DCA. It's funny. I've been planning on DCA into Bitcoin, but I keep looking at, suddenly the alts are catching all my attention, you know, like, uh, suddenly I've been like, man, do I want to double down on my Bitcoin in the, in the model portfolio? Or do I want to actually branch out a little bit and pick up some, pick up some pump, you know, or pick up some Morpho or pick up even some Monero or Zcash or, or ones like that, you know, to kind of diversify things a little bit because some of these are actually looking really good. Um, not Ondo, uh, there's another, another DeFi one. Um, link, well, it's funny. Link has actually been looking really good as of late. It's kind of starting to break out. It's got

• 30:19Speaker 01

  a solid bottoming pattern of, you know, bottoming signal here. Two green dots in a row, two big closes above the mega trend, a push up, back up over the 200 day moving average. So suddenly it's like, I've never even been a huge fan of link. I've always kind of bashed it as an investment, but like, I can't ignore the, the, the sort of breakout setup here right now. And the fact that it looks like it's wanting to run a little bit, you know, and it's, it's getting attention. And of course we know it's continuing to get usage. Uh, and it, it kind of always will, but like, it's catching my eye too. Um, and then, uh, it's funny, Uniswap was also another one. Uniswap's been doing well, but it rebounded as of late. It kind of lost its, its momentum a little bit.

• 31:02Speaker 01

  But, uh, for a long time, Uniswap is really breaking out too. So the, the, the long answer is, uh, I'm not buying anything, but I'm going to be doing my report on Thursday of this week. And there's a very, very high chance that, uh, come that report, I will have spent a good chunk of that extra cash that I have sitting in that portfolio on either a Bitcoin position or, uh, one or more alt positions to kind of diversify the portfolio a little bit. So I want to actually, I mean, I'm pretty overweight hyper liquid in that portfolio. And I mean, rightfully so. It's been doing well and there's, there's been not really any reason to sell it. So, and it's rebounding, so I'm not going to sell it now, but, um, I want to, yeah, I want to mix it up. I feel like this is a good time

• 31:43Speaker 01

  to kind of capture some of this momentum that we're seeing. And, uh, yeah, so I will be buying something. Um, stay tuned for, for the report on Friday to see, to see what that is. So, yeah.

• 31:56Speaker 00

  Well, we'll see. Yeah, Pump is, uh, Pump's very interesting. We've been talking about it for the past couple of weeks. Um, and it just keeps going. And it's what, fifty-nine, uh, ranked market cap right now, too. And I love coins like that. Uh, that are like kind of in the twenty-five and like lower range of the market cap that particularly have the things that we talk about, that have an act of viable business, have good tokenomics, that do the buybacks. Pump kind of

• 32:27Speaker 01

  Right.

• 32:28Speaker 00

  Does all of those, you know, all of those off the list there. So very interesting that. And obviously the room to grow, right? Um, as well with it being at the, you know, fifty-nine, sixty market cap.

• 32:40Speaker 01

  Right. Yeah, I exactly. It's kind of right in the sweet spot. Um, I wanted to talk a little bit about, uh, Robinhood, the Robinhood chain. Because Robinhood is, uh, it's, it's fairly new. We've talked about it. I mean, it, it launched, uh, what, a couple of months ago, maybe something, something along those lines. Um, it's already worked its way up to number thirteen in the rankings in terms of, uh, layer ones. Uh, in terms of blockchains, basically. So it's already, let's see, it's still below, I mean, the big ones. Obviously, it's below Ethereum, Solana, Tron, base Bitcoin, Hyperliquid, things like that, and, and some of the ETH layer twos. But it's already squeaked above Avalanche, it's above Sui, it's above Optimism, uh, some of these other big ones that, you know, that we talk about. So

• 33:25Speaker 01

  it's working its way up. It's got a hundred and eighty-seven active protocols. Uh, it's, it's making solid money. It's, you know, solid revenue, basically. So, um, let's, I, I did, I did a little bit of a, a, a quick research, deep dive on some of the popular protocols that are running on Robinhood, just to kind of see what they look like there. It's, since its early days, it's, it's kind of, it's some memes and it's some silly stuff, but there's a couple of DEXs and DeFi protocols on there, too. But I thought, let's take a look at some, some, uh, Robinhood protocols and, uh, just see what looks good. So Cash Cat is the big one that jumped out.

• 34:04Speaker 01

  Um, let me find a good.

• 34:10Speaker 00

  Yeah, Robinhood NFTs, uh, have also been a bit of a craze as well.

• 34:15Speaker 01

  Yeah.

• 34:16Speaker 00

  Bringing total NFT market, like, volume as well recently.

• 34:22Speaker 01

  Um, whoa, ew, Cash. Maybe that's the wrong, hold on, let me.

• 34:27Speaker 00

  Wrong one.

• 34:30Speaker 01

  Whatever, something bad happened to Cash Cat. Uh,

• 34:35Speaker 01

  uh, let's just, uh, it's still hard with these, these new ones. Um.

• 34:47Speaker 00

  And do you think, just another question, because you, you mentioned earlier about retail showing signs of life. Do you think this is correlated? Robinhood, you know, be like, you know, shooting up the ranks here, being thirteen on that, uh, protocol list, and then retail also showing signs of life?

• 35:07Speaker 01

  Um, uh, yes, I do. I mean, uh, you, you know, obviously, the, I think the retail that we, like, the retail spike that we saw today on that Coinbase premium, obviously, those are going to be people that are still kind of with, with one foot in crypto, maybe, if you will, you know, the ones that aren't completely abandoned it, uh, that are, that are waiting for it to come back around, you know, like your, your, your, whatever, your cousins and stuff like that that reach out. But, um, still, it is, again, it's a sign of life and, uh, I think it's positive. So, okay, here's, here's a, I had to pull up a, a perp chart, but this, this will work. This is fine as a proxy. So, uh, it's hard to glean anything from this, honestly. I mean,

• 35:50Speaker 01

  it's just kind of oscillating. I don't know. And it's only been out, uh, you know, a little over a month, so, uh, maybe this will be a silly exercise, but Cat, let's see, we got Cash Cat, we got Pons. Um,

• 36:08Speaker 01

  I'm, what I'm going to be looking for with these are ones that are just kind of solidly trending as opposed to, you know, meandering. This one's a bit of a meandering one, too. Uh, again, this is a very new ecosystem, so none of these are going to be like, this, these aren't investment recommendations. These are just kind of a, hey, we've got a brand new blockchain here that's catching people's attention. Um, you know, what's, what's going on here? Um, yeah. And is there anything interesting? That's not going to work.

• 36:36Speaker 00

  And they just launched, uh, a, they just launched a Gentic trading as well on Robinhood. So you can connect like Claude or your ChatGPT to their MCPs and you can like trade just based on, you can do market research on it and you can directly trade with your agent.

• 36:52Speaker 01

  That's awesome. Um, yeah, let's see. Oh, Pipe Dog.

• 37:01Speaker 01

  Um, let's look, let's just do this one. Pipe Dog. Uh, Pipe Dog, Pipe Dog. Pipe Dog looks meh. So I got, I got one more here. Um,

• 37:12Speaker 01

  Mao, not even found. It doesn't even find Mao. Okay, well,

• 37:18Speaker 01

  unfortunately, we didn't find any gems yet. So basically, if you're messing around on, uh, Robinhood, and now, bear in mind, these are the ones I'm looking at specifically, I singled out ones that are native to the Robinhood blockchain. There are plenty of other tokens that have bridged over to Robinhood, like your Uniswap's and, and your big DEXs and, and Tether and, you know, USDC, stuff like, so there's a bunch of stuff that's bridged over to, to, to Robinhood. And I didn't, I didn't want to call those out because those have been around forever. So I'm really just looking at stuff that's brand new, specifically to the Robinhood blockchain that are native to Robinhood, that are launching on there, like native DEXs and things like that. Um, but as we can see, again, it's still very early days, so this is kind of

• 38:02Speaker 01

  total Dgen casino land, basically, it, it, you know. If you want to go and Dgen and, and mess around with super low, low cap, high volatility, um, new, brand new tokens on Robinhood, which, I mean, sometimes you can do really well. Some people, whatever, you're, you're gambling essentially, but there's just, my, my point being, there's activity happening there. It's a burgeoning ecosystem that has caught people's attention to the extent that it has already achieved, you know, a ranking of number thirteen, uh, against, above some pretty heavy hitters that have been around a long time. So, and I think the fact that they've got such a big, uh, you know, a big TAM, a big total addressable market because of all of their TradFi app

• 38:43Speaker 01

  subscribers, that's going to put a bunch of people on chain that maybe weren't already on chain before. And so that's, I think, why we're seeing that. They have the benefit of having a huge subscriber base already, a huge user base that has been using these for, I mean, a decade or however long Robinhood's been. I had set up my Robinhood account back in twenty sixteen or twenty seventeen or something like that. So they've been around a long time, you know. Um, and so that's a big market that they're just dumping on chain, basically. And so I, I get it. I can see why it's, it's, you know, risen up the rankings as quickly as it has. So I think it's something to keep an eye on. I think it's something to like, know that this is probably not going away and it's going to be, you know, there's going to potentially be some big

• 39:26Speaker 01

  movers that come along on that Robinhood chain. I think once a big Dex comes along that starts to compete with the likes of Hyperliquid, you know, that's going to capture a lot of attention and, uh, we're going to see something rip. So I think Hyper, or Robinhood, rather, is is an area that you should sort of have in the back of your mind and, and have on your radar and, and, you know, be, be looking at from time to time. So.

• 39:51Speaker 01

  Yeah.

• 39:52Speaker 00

  Yeah, absolutely. Um,

• 39:56Speaker 00

  and like I said earlier, their NFT ecosystem is, is buzzing right now.

• 40:02Speaker 01

  Right, yes.

• 40:03Speaker 00

  As well. I mean, obviously, I know a lot of people are, are kind of turned off to NFTs, but like, just a little bit of, of just alpha on how these things go. Anytime one of these brand new chains launches that get a lot of media attention, which Robinhood certainly is doing, typically, there's like one NFT collection that pumps from, from this. Solana had this when their early days. Um, uh, Ordinals had this as well. Hyperliquid had this with Hyper, uh, and a few other chains on like, um, uh, I don't, wasn't Aptos? Uh, what's the, there's another one that sounds very similar to Aptos that had one, a few as well that were running. So that's generally how these things go.

• 40:48Speaker 00

  Which one it is, I don't know, but just something as well that would be interesting to watch.

• 40:55Speaker 01

  Yeah, yeah. Good call, for sure. Um, I think let's, uh, with the little bit of time we have left, let's kind of just go through this and look at the, identify the ones that are moving the most on the day and kind of call those out and see what those look like. So one, actually, that caught my eye on my, on my watch list, Rect. Rect is up seven percent.

• 41:14Speaker 01

  On the day. So that's up more than most of these, honestly. So Rect is, Rect still is in a downtrend, but, um, this is obviously a positive sign. It is trading above its megatrend line and the line itself has reversed back to the upside. So if it can get even just one good momentum day, or one good momentum week, rather, it'll flip this signal and, um, you know, hopefully that's all it takes to, to kind of be back off to the races. Uh, it looks like memes in general are doing pretty good, like Useless is also up ten percent on the day, but overall, it's still well down. Like, if we kind of look at it back on its daily here, um,

• 41:52Speaker 01

  it's funny with memes, they,

• 41:55Speaker 01

  they're still, it's still in an ugly downtrend, but sometimes memes get the, get the best of the liquidity and the best of the short squeezes and they tend to rip the most. Uh, like GigaChat is another one. It's up almost ten percent on the day. Um, what about some of these other ones that are a little bit less wonky? Um,

• 42:15Speaker 01

  Uniswap, we talked about, uh, Rect, we talked about.

• 42:22Speaker 01

  Hype, all these.

• 42:28Speaker 01

  Yeah, I don't know. Um, oh, let's look at Zcash and Monero. So Zcash and Monero both actually are breaking out. Zcash in particular is up almost 8% on the day. But like if we look at them kind of more on their weekly frameworks, so

• 42:44Speaker 01

  Zcash has actually been looking like it wants to break out to a, you know, a big new high for a while now. It's been coiling and holding steady and not really losing any steam. I mean, it had that big kind of those that hack scare way back here, but it's absorbed that and it's just been holding steady. And if we look at it on here, um, we got, you know, the green micro dot back. And now, like I said, it's coiling. It's got that volatility squeeze shading on it. So it's due for a breakout. It's, it's been very tight and uh, I think we're going to see, you know, something good there. And then looking at Monero too. Monero also um, is breaking out and reversing its trend. It's actually trending more than Zcash is like Zcash has been

• 43:26Speaker 01

  really flat, whereas Monero, it's been trending both to the upside and to the downside. But it's been, it's technically broken out of its setup here. Like let's look, actually, this is really good. It's kind of similar to the uh, pump chart in that it's been solid green weeks for several in a row now. It's flipped all of its moving averages. It's flipped its mega trend. Not only has it flipped the 200 day moving average cloud, but if we zoom in here, we can see that the cloud itself has kind of reversed like a bullish crossover flip here. Showing that there's actually a lot of momentum in this run right now. Um, and then if we kind of go back here and look at this, we've got solid green dots in a row, three in a row. It's back above the track line. Um, it's, it's looking like it wants to break out too.

• 44:08Speaker 01

  Um, and then finally here, you know, it's, it's flipped all of its major, it's 10, it's 20 and it's 50 day moving averages have all flipped to the upside. Uh, and it's, it's just, it's just running. It just looks good. It's actually a really good looking setup in fact. I like it because it's not too overextended. It's not quite too crazy, kind of like the pump chart is like the pump chart. Was breaking out and way outside the, the upper Bollinger bands, whereas the, the Monero is like just kind of a steady, healthy grind. It's, it's like, that's a pretty good setup. Actually, I like that. From a technical standpoint, this is, this is very appealing right now. So yeah, that looks good.

• 44:53Speaker 00

  Love it. Um, let's see. I think I had one on my list that I wanted us to check out. Let, we did, uh, Pengu.

• 45:05Speaker 01

  Oh yeah, let's look at Pengu. Um, it's funny. I thought about that too, a minute ago. Uh, okay.

• 45:14Speaker 01

  Eh, not awesome, but uh, what, what I'm seeing here with Pengu is it's, I see more just like bottoming pattern. Like it's very typical of the bottoming pattern that the rest of uh, a lot of crypto is going through in that it's, it's uh, mega trend is just kind of flattening out and prices starting to trade right at it, uh, technically above it a little bit. But I wouldn't be a buyer here yet because again, we see lots and lots of red dots here. So it's still this is showing that, you know, it's got downside momentum still. I need to see these dots at least disappear first. Um, before I'd want to kind of go back into this with any size. I know I've got a teeny tiny position in the model portfolio.

• 45:56Speaker 01

  But um, technical wise, it's still just, it's still just kind of going sideways. It's treading water to a large degree. It's not going up or down too much in any one week. And then here it's just kind of holding the lows. Yeah. Holding the, the basically the, the bear market lows that it's been in. The good thing here though, nice bearish or bullish divergence, rather, RSI divergence, which I like, like um, you know, this is kind of, oops, generally tracking to the upside here, whereas this is flat, if anything, even a little bit down. So this is showing the downside momentum is waning. Um, and yeah. That's, that's from a technical standpoint, that's about all I can say with Pengu. It doesn't look awesome, but um, it's also not like

• 46:41Speaker 01

  losing its major floor and you know, going to zero or anything like that. So it's there. It's there or thereabouts.

• 46:50Speaker 00

  All right.

• 46:50Speaker 01

  Oh, um, a couple of, I wanted to look at Ondo. Yeah, Ondo is kind of just chopping sideways too, but Ondo is looking a little bit better than most in that it's up in its, its 200 day moving average cloud and kind of holding steady with that. And then um, Aerodrome was another one. Okay. It's about the same. So Ondo and Aerodrome are two, they're two DeFi projects that I think are going to be kind of in the mix going forward. They're both good projects that have a lot of real world usage and um, will be in the conversation, but they haven't quite caught a bid just yet. Uh, they're on my radar though, for sure. And syrup too is another one, the Maple Finance. Uh, what does that look like?

• 47:32Speaker 01

  Yeah, still not quite there either. I think DeFi, I, I still think that DeFi is going to be um, in the, in the conversation, you know, over the course of the next cycle, whatever that is, because we've seen a material shift away from speculation. And I know in a, in a bear market, you know, especially a big year-long bear market, you're going to get, anything that's speculative is going to just go through the floor anyway, but um, I feel like the, the, again, the, the consciousness has shifted towards stuff that's really making money and has revenue and real world adoption. And I think those are the ones that are going to, you know, excel out of the bottoms. And I would put these last, you know, syrup and, and arrow and Ondo and, and you know, Morpho and Uniswap even

• 48:16Speaker 01

  kind of in that conversation as, as stuff that's going to do well from a DeFi standpoint. Ave too, which we haven't looked at, but Ave is probably another one that's, that's in that conversation that is really just a solid blue chip. DeFi, um, DeFi asset. Well, let's, let's just kind of look at it real quick. Um,

• 48:33Speaker 01

  yeah, I mean, Ave is right there too. It's actually, you know, it's kind of broken out already. It's not above its big moving average, but the mega trend is rounded up. Um, and it's, it's kind of starting to break out. It's again, it's not there, but it's there or thereabouts like, like a lot of these other ones. So I'm going to be looking at DeFi a lot going forward. Um, for sure. So yeah.

• 48:59Speaker 00

  Did you freeze? All right. There you have it everyone. Uh, thank you for tuning in. This has been another episode of Trading the Markets. I better end before my internet completely dies. Uh, we'll see you guys on Monday for the world according to AI. And then we'll see you again next week for uh, Trading the Markets, same time, same place. Have a great week everyone. Don't fuck this up.