Market Crash, Bitcoin Trashed, and the Fed Doesn't Care

On today's Trading Pit: Mark Cuban virtue signals Tax Payment, Bitcoin fights the sell off, Alts look terrible, and liquidity Armageddon approaches while the Fed waits to signal its next move.

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But we open with Rapid Fire.

1. Mark Cuban: Happy to Pay Taxes or Happy to Virtue Signal that he's paying $285 MM in taxes?
2. When Bitcoin Hits 100K, How are you celebrating?
3. This Pull back - end of the beginning or beginning of the end?
4. Norways' Crackdown on Data Center Usage for Bitcoin - One off event or sign of more government resistance?
5. You've Go to Deploy Cash - Your Buying Bitcoin, L1's, or Memes?
6. When your wife asks if you bought the dip - truth or lie?

Now to the meat.

After 6 months, the line to enter staking on Ethereum is getting longer, as yield seekers try to get juiced on Eigen Layer. What does this mean for price?

Speaking of price, are you still holding some low liquidity Alt coins? It seems the market has been pumped by air drops and supply unlocks, creating the illusion of rising value. But after this latest sell off, holders are realizing the risk of razor thin books. And the market is filled with forced sellers. And it's too early to enter these markets.

But Ethereum and Alts are playing second fiddle to the main attraction: Bitcoin. After climbing to a new ATH, Bitcoin is now back in the low 60's, battling macro events and lost momentum. Options and perpetual traders have yet to make up their mind on where we head next.

But don't worry, we map it out for you, walking through the V-Shape, the Bear Walk and the scary, scary Liquidity Armageddon. Regardless of where this market goes, you want to be prepared.

And don't sleep on Outside Forces. The dollar has broken higher. Oil and energy remains red hot. And rates look ready to climb the next ring up. If rate cuts are off the table, be prepared for a pull back lower.

But all is not lost.

The grand finale is still ahead of us and more gains are to be had. So now the time is to be hedged or have that dry powder ready to deploy.

Opportunities are on their way (not financial advice).

Chapters
00:00:00 Waiting Room
00:04:56 Rapid Fire
00:08:16 ETH Staking Queues Growing
00:15:20 Alts Nuke: Buying Season?
00:18:20 Market Update: V Recovery or Bear Walk?
00:25:40 The Options and Perps Signals
00:29:25 Outside Forces: DXY, Oil, Rates
00:36:10 The Liquidity Armageddon Event
00:48:30 Positioning for ALL Scenarios
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Disclosure Statement
This content is for entertainment purposes only. Nothing shared during this broadcast is or should be considered financial advice. The views and thoughts shared here are simply opinions. Do your own research and consult a registered financial advisor before making any investments.