Transcription
Well, yeah, we'll probably sell some Bitcoin to fund a dividend just to inoculate the market, just to send the message that we did it. Look, the company's fine, the Bitcoin's fine, the industry is fine, the world didn't come to an end. And if you're a short seller and your thesis is the company's got to sell equity in order to fund the dividends, I would like nothing better than to, you know, rip your wings off.
I think the company got much healthier. Well, he threatened that he one day would sell Bitcoin and uh and he did. He said he would do it to inoculate the market and he did. Now, I'm not sure if that's the reason why the market's trading like the market's trading, but right now Bitcoin is at a very, very, very critical level. And I actually say critical level, but it's actually below the critical level. So that's the bare flag over here, we've been monitoring that bare flag for a long time. The one concern that we had is that when we, if you look at the previous market, I just want to bring a chart up here. So this is the 200-day moving average and you can see that in the previous bare market when we hit that 200-day moving average, the next time we came down from that, we actually broke below the bare flag and we got a massive move down in Bitcoin. And in this market, it looks like exactly the same thing's actually happening, right? So you've got us just touching for the first time, actually testing that 200-day moving average. And now we're going to, we went down on that bare flag. And what you can see now when you look at that bare flag is we're actually slightly below the bare flag. We wanted to keep that, like I think it's about 72,000, 72,045. We wanted to keep that level and now it seems we're breaking down.
Now I don't know, is it because Sailor sold? I'm not sure if it's if it's because Sailor sold. I think the momentum was there way before. Um, Sailor did announce that he actually sold. He, s- they announced that they actually sold 32 Bitcoin. They just then Michael Sailor announced that they launched that they sold 32 Bitcoin for over $2.5 million. Now, let's talk about why he sold, right? So, I guess he probably sold one to inoculate the market. Two, there could be tax consequences, like he could be selling, uh, Bitcoin to actually get certain tax breaks, uh, and stuff like that. So, he actually did it. Michael Sailor sold. So, if you, if you're looking for Sailor FUD crashing the market, Sailor has sold. Um, and now Bitcoin is trading at that bare flag. It's not, there's no panic in the market. The market's not broken or anything else. But, and I, I think actually quite good that he actually did it. I, on for me, very good that Sailor actually just sold. At least that FUD is now out of the market. When he does sell, the market's not going to panic. I think he actually, um, he, he picked a very opportune time to sell. Why? Because he's at a point now where there's not much buying of Bitcoin and the sellers are pretty much all sold. So, we like in this, like no man's land. Traditional markets are pumping every single day. Uh, uh, Bitcoin crypto feels very, very, very dead.
There's something that I want to talk about today. I want to talk about, um, the markets and how it feels being a crypto investor right now. I want to talk about sailor selling. I want to talk about a big bet. The bet that, uh, Kyle Smani and Arthur Hayes actually took around around hype versus soul. So Arthur Hayes came out and said, "Hey Kmani, maybe you were busy the last time I pinged you. Let's do a gentleman's charitable bit. I put 100K on the line to a charity of your choice that hype outperforms any of the current top 10 in USD terms from now until the end of the year. What's your, who's your champion?" Um, so we're going to talk about that bet because I've got equal amounts in hype and in soul and I, I mean, I guess I'm, you know, I'm in the middle of this because I'm, I've got equal am today. Today as my portfolio stands, I've got equal amounts of hype in Salana. Salana used to be my biggest holding. Today I've got, biggest, uh, equal amounts of hype and sold. Which one's going to perform better between now and the end of year? Let me know in the comments. Let's do a poll in the poll. Uh, let's see who's going to perform better until the end of the year. So, lots to talk about today. We're going to compare hype and sold. We're going to look at why Michael Sailor sold. We're going to look at the bare flag. We got a lot to do today. We got a lot. We got a lot to do today. Let's get the show on the road, guys.
All right, 1st of June, Monday, here we are. Uh, Bitcoin is testing this bare flag. Not great. Not great. But I must be honest, we, we really want to close above the 72,000 and we really want to bounce pretty quick. Not only for the bare flag because if we break down below this bare flag, I think like the levels are 49,000 or 50,000. That's probably, probably the next level that you could, you could expect if we actually do break convincingly, uh, uh, below the bare flag. The one thing about this bare flag is that I don't know if you remember that I told you, but over here, if you look at the date here, 23rd of Feb and over here, 28th, 29th of Feb. So here, here the dates actually 26th or 27th of Feb. And here you can look at like the 28th, 29th of Feb. What you can see is the last two times that that happened, STRC pegged to 100. Right? So if you look at like when STRC pegged to 100, you look at like the 24th or 25th of Feb, which is somewhere around here. And if you look at where that's when STRC actually pegged back to 100. And the same thing in March, STRC pegged back to 100. Here we are now at the bottom of the bare flag. We have 15 days to go. 14 days to go until STRC goes X dividend. And right now STRC is trading at 98.65. I warned about this in the beginning. I warned about this last month actually, but I said I have a suspicion that STRC won't peg until the very last day or maybe two days before the very last day, which means that right now as it stands, Michael Sailor's weapon to come into the market and save the market and get us above the bare flag. Him being the biggest buyer right now. I suspect that that it's not going to peg or it's going to peg very, very, very close to to the middle of the month. Now remember with STRC, you want it to peg as early as possible so Michael Sailor can sell the shares at market for as long as possible and raise as much money as possible before the end of every month, right? And as it currently stands here, we are at the first of the month. It's nowhere near pegging. My feeling is if it pegs, it'll peg two days before, which doesn't really give sailor any time to go out and actually raise money. So, not looking good for the market right now. They kept the dividend at, uh, 11.5%. Remember that one of the tools that Sailor's got is to keep raising the dividend so that this thing pegs at, um, at, at $100. I don't think it's pegging this month. I think it's going to, it's going to peg. It's going to peg two days before, as I, as I mentioned.
Yep. They sold 32 Bitcoin, $2.5 million. I actually really wonder why he did this. There must have been some method in the madness here. I wonder if it is a tax breaker. I wonder if it is, um, just to inoculate the market so that, you know, sailor sold and it was a small amount and who actually cares. Um, sad is not the only one selling actually. I mean, the ETFs also selling like crazy. We've had the biggest, uh, outflows from the ETFs that we've had in a long time. If you go to this chart here and you look at the weekly, um, here we go. You had a, you had the, uh, three weeks ago you had 79, uh, sorry, you had a billion dollar flat out. Then here you had $1.26 billion flat out and then here you had 1.42 billion flow out. So, effectively the ETFs are now selling at, at a rapid pace. What's going on here? Why is, why is Bitcoin so out of favor? And why is, why is Bitcoin being sold when all other assets are basically going up? This is painful. It doesn't look that painful when you look at it on a spreadsheet, but when you're in Bitcoin and every other market is going up every single day and you're getting, every single day, you're getting all-time highs on all other markets. And I, I know, I know you guys are experiencing, experiencing it as well. I know that I open up my, my, my, my morning routine is that I open up Trading View first. I just do a quick pulse check on Bitcoin, you know. So, I'll tell you what my, my trading routine looks like. You can laugh, but I mean, I kind of know that you guys have got the same trading routine. So, at night or in the morning when I wake up, uh, I wake up because I need to go to the bathroom. It's inevitable. I always need to go to the bathroom. When you get to my age, you'll also always need to go to the bathroom in the morning. When I walk to the bathroom, the first thing I do is I check the Bitcoin price and I just like, it's a pulse check, like, is it going to be a good day or a bad day? Are the markets going to go up or going to go down? I always check the, the Bitcoin price first. Once I've checked the Bitcoin price, then I go to Twitter. So like, first Bitcoin price, good day, bad day, then Twitter. Let me know what draw if your routine is the same. And then when I get to the, when I get to Twitter, basically what I'm seeing today is like, oh, this stock is at all-time highs. Oracle Trump called IBM. IBM's going to all-time highs. Oracle recovering, uh, uh, uh, Micron going, going to all-time highs. So all I read is about all-time highs and at the same time, nothing's happening in Bitcoin. Now, that is very, very, very painful being an investor.
So what, what's actually going on? I do think that there's a massive, massive, massive rotation that's happening right now between everything and AI. So it's not only Bitcoin and AI, it's actually everything and AI. So when you look here, like if you look at gold, gold, there's also a massive rotation out of gold into, you see. So if you look at from March 26th of March and you look at like what's happened to gold, so gold's also down 17%. Um, and if you look at that, let's look at the NASDAQ as a proxy for AI because, you know, it's the tech-heavy Nasdaq. If you look at like what's happened since March, that's what's happened since March. So basically right now, what this is telling you, what the data is telling you is that there is a rotation from, um, nor, from every other market into AI and Bitcoin is no different. Everyone's now, now rotating from every other market into AI. Now, I've seen this before. What you're seeing now, what you're witnessing now is you're, you're witnessing the last of the longs going into an overcrowded trade. They're going, the last of the longs are going into an overcrowded AI trade. Now, I'm not saying it's the end of the AI bubble. In fact, you know, it's not the end of the AI bubble. You know, my thesis is that the AI bubble isn't popping until 2023. But I am going to tell you that the, that right now a lot of late longs are going into the AI bet and they're doing it by selling everything else and going into the AI bet. Now, to me, that is the worst time to be getting into the market and I'll show you, I'll show you why I say that, right? I look at two indicators. I look at the NASDAQ and I look at the RSI on the NASDAQ and I mean, the RSI on the NASDAQ. So here's the RSI on the NASDAQ and you can see that the RSI on the NASDAQ is very, very, very high. It's above 70. In fact, what you can also see is that every time that it's been that high, a correction's actually followed. Right? At the same time, when I look at the BTC chart and I look on the weekly and I look at the RSIs, the RSIs on, on BTC on the weekly are close to 40. Right? Now, here's an interesting chart for you. So, you take, uh, BTCUSD and you divide that by QQQ, which is a NASDAQ effectively, right? It's a, it's a NASDAQ ETF. And if you compare the NASDAQ to the QQQ, you see that the RSI on the NASDAQ versus the QQQ is 26. The RSI on that level hasn't been that low on the NASDAQ versus the QQQ for a long time, which kind of means that this chart at some stage has to reverse.
Later on today, I'm going to publish a video on Crypto Insider, which is the other channel where we're doing much more institutional, institutional type content, more not day-to-day type of stuff. And I'm going to publish a video about this specific chart. And I really, really, really encourage you to actually go and watch that video because it really shows you what's happening here. But in a nutshell, what's happening is you're getting the late comers to the AI trade, fomoing out of everything else into AI. And now we know that when that happens, you want to be rotating from the hot asset to the cool asset when hopefully we get a bounce off this trend line, right? So we should get a b, I mean, theoretically we should get a bounce off this trend line because this is a 10-year-old trend line, right? It's gone. It's, it goes back 10 years. So that's the Bitcoin thesis. That's sailor having sold. I don't think that the Bitcoin price is down because Sailor sold, but, and you see now we keep, we're going down more. And if you zoom in on that candle, just have a look at that candle there. It's, it's ugly. It's ugly. It's, it's not good. You want to, you want to hope that it's a fake a breakdown, fake down, and then, and we go up there. The one thing that's making me a little bit more nervous is if you look at like ETHUSD. So, you look at ETHUSD and you look at the weekly on ETHUSD, that's broken down below the bare flag already. So, if you look, that's the ETH EUSD and you can see it's already broken down below the bare flag. Not great news on the charts unfortunately unless of course you are a hyperlquid bull. So if you are a hyperlquid bull, then this show doesn't apply to you because you're at all-time high. You're all-time high in the RSIs. So you're in a bull market actually. It's hyperlquid super cycle. That's what it is. Um, and yeah, I mean, look, I do have a big bag of hyperlquid. It's actually my, my Thai second biggest bag. My first biggest bag is Bitcoin. Then my Thai second biggest bag is Salon and Hyperlquid. And having an interest in both, I, you know, like I often ask myself which one's better, which one's going to perform better. And I don't know if you saw this, but yesterday on Twitter, Arthur Hayes challenged Kyle Sami to bet. He basically said, "Look, Kyle, I guarantee you that, um, on a dollar on a dollar basis, uh, hype outperforms the top 10 assets as they stand today." Now, what are those top 10 assets? ETH, obviously, Tether, uh, BNB, XRP, uh, USDC, that's a stable coin. Solanatron, and what the hell is this figure? What's Figure Helock? What the hell is that? I don't know what that is. Anyway, let's just quickly, let's go to, let's go to a site that is a little bit more reliable than the other sites. And let's go see what the top 10 assets actually are. Let me just look at the, at the top 10 assets here. So, let's just refresh that. Okay, so the top 10 assets here. Bitcoin, ETH, uh, BNB, XRP, Salana, Tron. Never heard of this figure. Heloc. I don't know. You must be new here. Or I'm, I'm new here. Um, Hyperlid, Doge. Okay, so he's saying that Hyperlid outperform. Kamani said yes, he'll take the bet, believe it or not. He says, "We have a deal," and his asset is actually Salana. The stakes are $100,000 going into a charity of of each other's choice. Um, by the way, I see that the like ratio is very, very, very low here. We've got like 800 people and 100 likes. Guys, do me a favor. It really helps distribution. Just smash a like button. It doesn't cost you anything. Helps me with distribution. Uh, amazing. So, let's carry on. Let's go here and just look at, at the metrics that actually make up Hype and Salana because yes, there's a bet going on, but let's look at the metrics that actually make up that bet. And I want to show you the data behind the bet. And then let's make a decision as to which one. As I say, I'm holding equal amounts of both. So, I'm not biased one way or the other. I don't mind which one performs. I'd love for them both to perform because I own both because I think that as part of a balanced crypto portfolio today in 2026, you need to have a lot of assets. But the question is, will Salana actually recover? Will Salana actually perform? I think the first thing is let's agree that what's happening with Hyperlquid is an anomaly. You don't really often get an asset that runs in a crypto bare market when Bitcoin's going down. Like, let's just admit that what's happening with Hyperlid is an anomaly. It's a good anomaly. It's a great anomaly, but nonetheless, let's admit that it is an anomaly, right? And I'd love to see Hyperlid in a real bull market. And I know some of you will say, "Well, it was here kind of for a bull market." That wasn't a bull market. I would love to see what happens to Hyperliquid. I'd love to see the revenue that they have in a bull market because I think that that's going to melt people's faces. Seriously. Um, anyway, be that as it may, let's actually look at, at some data.
So, the first piece of data is not actually data. It's actually a chart. And I want to look at the charts here. If you look at Hyperlquid all-time highs and RSI is also at all-time highs. RSI's at 81. I mean, that's crazy. On the flip side of it, you've got Salana. Salana is, it's a terrible chart. And if you look at the RSIs, the RSIs on Salana right now are at 36. Now, remember, when you go below 30, that's considered a low. In fact, if you, if you look back historically, 30 has been the low. So, Salana really is, um, uh, having a tough time. Now, when you look at the Salana hype chart, that's a terrible, terrible, terrible chart. In fact, I always love doing this. When you invert the chart. So, you can actually invert the chart here and you say, "Okay, would you buy that that altcoin?" I definitely buy that altcoin. And that just shows that there is a lot more downside for, for, uh, soul versus hype. Let's look at the actual numbers. So, let's look at the actual numbers that make up this bet. The first thing is let's talk about who captures the majority of the on-chain trading fees in the market. So right now, Hyperlid captures 44% of all fees, uh, in the market or on chains, while Salana captures 8.57% of all the fees and that was for the week, uh, 24th to 31st of May. So Hyperlid on-chain doing a lot more fees than any other, any, any, any of the other L1's. It is important to remember though that hype is doing this with really one killer application, which is perpetual trading, right? And as it relates to perpetual trading, they are making a lot of progress in perpetual trading. They're taking 13.78% of Binance's, uh, uh, uh, share, which is absolutely, absolutely crazy. So the killer product is this futures perpetual, uh, uh, decentralized exchange. The fees. You can see as it, as it relates to fees, if you look at the, at the, um, uh, at the, uh, uh, fees that they make, uh, monthly, if you look at the monthly fees, so that's, that's the, let's just look at, let's look at the daily fees just for fun. So the daily fees are like a million per day. If you look at it on a month, basically in May, they made $45 million. And what did they do with that $45 million? This is where Hype actually wins. The tokconomics are amazing. And actually went and bought $44 million back of Hype tokens. So, this is where Hyperlid basically dominates. There's no gray areas here, right? They, they make fees, they make fees, they buy tokens, they burn tokens. That's basically what Hyperlid does. Um, and so that's why they're doing, they're doing so well, right? Um, that is, that doesn't take into account the fees that they're going to make because of the partnership that they got with Coinbase. Coinbase announced they're supporting Hyperlid, becoming the official treasury deployer of USDC into the decentralized markets and there are estimates that this deal with Coinbase could yield Hyperlid as much as $200 million in revenue. So while the exact revenue, uh, revenue was not revealed, the framework means Hyperlid will receive as much as 90% of the reserve income, uh, uh, from the deposits of the USDC on the platform, which is, which is basically quite big. They also found a product market fit, allowing people to trade stocks, oil, uh, etc., etc., after hours, um, and, and so, and so people go there to basically trade stocks, to trade perpetuals, to trade, uh, uh, crypto, to trade everything else. So that is Hyperlid and that's what Hyperlid have going for it.
But let's not ride off Salana because I know that it's been a very rough time for Salana, but generally you want to buy the asset that's out of favor and you want to trade the asset that's in favor for the asset that's out of favor, right? So, um, the asset, the asset right now that's in favor and you can see it clearly from the RSIs is, is, is hyperlquid. That's the asset that's in favor. And the asset that has negative momentum right now is, is Salana. But if you look at the distribution that Salana has and the distribution that Hyperlid has, that's where I think you can't really compare, right? Like you, you don't even see this in the chart. Hyperlid has 59.8, 59,800 active daily addresses. Salana has 1.6 million daily active addresses. That's a much bigger distribution curve. You can't write off distribution. The thing is that you got to remember that right now there's not much to do with blockchain because it's a bare market. But when the users actually start coming back, yes, of course, they're going to come back into crypto's amazing use case, which is perpetuals, but there's a lot of other use cases. Meme coins, trading cards, real world assets, and there today as it stands, and I'm not saying forever. I'm saying today as it stands, that's the, uh, Hyperqu is not really playing there. They want to play there in future. Now, here's a, uh, a thing, a, a, a clip from an interview from Kevin, my friend, who, who's, uh, from When Shift Happens, interviewing Jeff, the finite hyperlid, and listen to how he describes what their mission statement is.
>> To support this show, please check the sponsor links in the description down below. You often talk about housing all of finance. What does that mean?
>> So, Hyperlid wants to house all of finance, right? And, and right now, they don't. Right now, they're just housing good perpetuals. Will they in the future? They may. But remember that Salana has a much, much, much bigger, uh, uh, uh, user base. So when the market picks up and something happens like a memecoin or an NFT or whatever else, nothing is going to beat Salana in terms of distribution. Yes, I agree. When it comes to perpetuals, hype is going to win. And I mean, let's call it spade a spade today. The biggest use case for crypto is trading perpetuals. I got to highlight for you how big that actually is, right? So, what is this perpetuals? This perpetual contract was actually discovered actually by by Arthur Hayes. Arthur Hayes was the creator. He was the one who actually bought it into crypto. And that's a, a, um, a futures contract that never ever ever expires. It just carries on perpetually. Normally futures contracts expires. So, you'd buy like a December contract or a May contract or whatever else. The perpetual never expires. That was the big, uh, revolution. And therefore, people invest in this. That's what we all play. We all play these perpetuals and they are the biggest fee generator in crypto and so Hyperlid has become the biggest player in a decentralized, in the decentralized world for the biggest use case in crypto. If you think about the most profitable businesses today in crypto, the first one is obviously the stable coin issuers, that's Tether, Circle, etc., etc. The next one is the exchanges and the exchanges actually aren't making their money on spot. They're making their money on pers, right? And that's the product market fit that Hyperlquids found. In contrast to that, Salana had a big player in Pers, but that player actually blew out. That was Drift. Remember, now Drift couldn't compete with Hyperlquid. But, but, um, uh, uh, after Salana is actually proposing a protocol upgrade and when they have the protocol upgrade, they're going to get these massive performance gains, right? So they're going to get like transaction finality going to 150 milliseconds, uh, milliseconds in a more decentralized environment than hyperlquid, uh, optimistic confirmations going down by, by almost going down to 20% of the speed that they, or improving by 80%. So with this Alpenlow, um, upgrade that's happening to Salana sometime in Q3, they, it will make Salana competitive when it comes to perpetuals. Now, in May this year, Salana launched a Twitter account called Saler, which is the Salena per Twitter account, right? It hasn't posted anything yet, but you can see that they are preparing. I'm not sure if Salana is ever going to be the per trading platform. I think for now, Hyperlquid's got product market fit. They've also got network effects. And the one thing that I've learned is that when something has network effect, you generally don't want to compete with it in the place where it has network effects because you can't win. So I think when it comes to, I mean, we can look at some other metrics. When it comes to ETFs right now, uh, Hypelic has $138 million locked up in ETFs. Salana has 1.11 billion. So you can't compare when it comes to that. It does show you that right now there's a lot more institutional demand for Salana than there is for Hyperlid. However, when you buy Hyperlquid in the market and you put it in the ETF because a lot of the hyperlquid supply is still locked up unlike the Salana supply which, because Salana is a more mature protocol, then you are absorbing a lot of the circulating supply and so it does look to me like, I mean, it, it does make sense that when you're buying up hyperlquid, you, you're buying a lot of the circulating supply which puts a lot of supply pressure on. So, I mean, again, you can see the, the number of active addresses here. When you're talking about Salana, you can't compete. They got 5 million plus active addresses in the last month. I mean, that's absolutely crazy. Um, also when it comes to Salana, the big thing that Salana's got is they've got the majority of the app revenue, right? So, when you talk about app revenue, it's the revenue that all the apps are making on your chain. And here, Salana wins, right? And the, the revenue is not just around one decentralized per exchange. It's around a lot of, uh, protocols, pump fund, radium, Jupiter, etc., etc. Salana also are running this proposal to increase the burn of Salana so that will reduce the supply. So lots of things happening on both sides.
So now, now the big question becomes, which one performs better? Are you taking Arthur Hayes' side or are you taking Kamani's side? What are the audience saying here? Hottus? >> 61% on the hype side. 61% of you are saying on hype side. >> 39% sold. >> 39% of you are saying Salana. So where am I going to go? Where am I going to go? So I want to read the bet again. Let's just read the bet again because I've got it in front of me. So the bet is, the bet is as follows. It says, um, just going to close this. Uh, I want you guys to be able to read it. Let's close that for you guys. Come on. Okay. Let's look at the bet. Okay. Hey Kamani, uh, maybe you were busy last time I pinged you. Let's do a gentleman's charitable bet. I put 100K on the line to a charity of your choice that hype outperforms any current top 10 USDT from now until the end of the year. So you got six months. June, July, August, September, October, November, December. You got seven months. Seven months. And I'm going to make an assumption that we are going to be in a slight bull market. Let's assume that we're working in the four-year cycle. Slight bull market in October. I think I'm going to put my money on Salana. And I think the reason why I'm going to put my money on Salana is, as I say, I'm not, I'm, I'm unpartial. I think they're both very good protocols. But Soul has more active addresses. Soul has more users. Soul has more apps that are playing against it. And right now, Hyperlid is overextended and Salana is not overextended. So on this bet, as much as I disagree with Kyle Smani on many, many, many things, the one thing that I, that I don't disagree with Kyle Sanmani on, um, is, is the fact that, um, is the fact that I think Salana actually outperforms hype. Maybe I'm wrong. I'm holding equal amounts of both of them. So I mean, I actually don't really care to be honest. I mean, I do care. I want, I want to make money. But yeah.
Um, speaking of hype, I'm going to remind you of this. If you're not already doing it, I don't know what you're waiting for. Um, yeah. Um, so, um, if you want to farm to points, cuz remember I, I missed the hyperl liquid, um, I, I missed the hyperlquid airdrop. When I say I missed it, I got some points, but I could have been a multi-millionaire just from that airdrop. Right now, as you can see, something's going on in the war because the oil futures actually spiked. You see that oil futures actually spiked. I'm watching this on variational. Variational is a DEX just like Hyperl is. You can trade real, real world assets. You can trade crypto, etc., etc. I've got $10,000 in this account. Do I take a little bit of a bet on a Bitcoin bounce? No, I'm not ready to take a bet on a Bitcoin bounce. Where I am ready will take a bit is I want to wait for Bitcoin to recover and then I will take a bit of a bet here. Meanwhile, copper at all-time highs. You can see you can trade, you can trade all of this on, on, um, uh, on, uh, variational. Right. While you do that, you're actually farming for the airdrop. Now, you get airdrop points every Friday, so you know exactly how much money you've got. And if you use the code omniun, that's the code, then you get a 15% boost in your points. It's the only place you can get a 15% boost in your points. You got to use one of our codes, right? Uh, Paulo is sending me something. He says, "Oh, Iran has halted indirect talks with the US over alleged violations of ceasefire in Lebanon and Gaza." Oh my goodness. I would hate to be in Iran today. Yeah, I would hate to be in Iran today. It's not good. It's not good. Halting talks over Lebanon and Gaza issue adds more uncertainty as the border US negotiations, especially around the straight of Moose and nuclear issues. I think this is a very dangerous play by Iran because you know that Trump's going to strike back. It's not doing wonders for our Bitcoin price. It's not doing good. It's not doing well for our Bitcoin price. It's not doing well for our Bitcoin price. We're now, we're now, we're now under the, the bare flag, which is not where we want to be. We really, really, really don't want to be here. Let's just look at what the week here looks like. It's not good. It's not good. No, we've broken down below. We, we can't, if we close down below that, we're in big trouble. We're in big trouble. Um, yeah. Yeah. And if we're in big trouble, then that's not good.
Anyway, uh, remember, if you want to farm those variational points, you know where to go. It doesn't cost you anything. You trade, you trade. Use the code Omni Run. You get 15% extra points boost. We get 15% extra points boost. All right, my friends. Have a good day. We will, I will see you guys again tomorrow. Actually, I'll see you later on Crypto Insider. I'm dropping that new, um, that new, uh, uh, uh, video which I think you guys should all watch. Uh, we are turning Crypto Insider into much more of an institutional trading, um, institutional trading, uh, uh, institutional information platform. So if you are more institutional, you should go and, um, subscribe to Crypto Insider. All right, my friends. I'll see you guys again later. Until then, trade well, my friends.