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Is Crypto Really Coming Back? | Daily Crypto IQ 🔍👀
Published · Daily Crypto IQ
Description
Summary
Written from the stream's auto-generated captions.
- Watch the dollar strength, equity market risk appetite, credit conditions, geopolitical shock.
- They don't know that GNO land is in token sale and the native token, it's a layer 1, is going to be Ganosis and it has amazing tokconomics.
- Of course, time frame highly important. says, "Why did the Discord pass?
- When only highly speculative tokens rise while market leaders struggle, the movement may represent gambling appetite rather than actual durable liquidity.
- Also they're not as fragmented liquidity, but there's too many of them.
Show transcript (139 sections, auto-generated captions, expect typos)
Yeah, [music] every I never knew. >> [music] >> Hey, [music] hey, hey. >> [music] [music] >> I think that we're just holding on [music] to something. Yeah, yeah, yeah. [music] I think that we're just holding on to something. I think that we're just holding on to something. Just tell me what's over. I think that we just holding on to something. I think that we just holding on to something. Just tell me what's [music] [music] Heat. Heat. >> [music] [music] >> What's up everybody? Welcome to the Underground Crypto Deep Dive Show. You know what it is. Your boy Underground is here to hang out with you guys tonight. Talk some crypto. Raise that crypto IQ. You know, we have all kinds of amazing things planned tonight. Even going to be giving away some free crypto, right? So, if you love
some free crypto, smash that like button, join our free Discord link in the chat. So much cool stuff to tell you. I really love this stream more than I could ever tell you. And I know it's my stream, so maybe that sounds a little biased, but um we just do and cover so many different things here. It's always the stream I wanted to watch. And here I am, and it's my freaking stream. How bullish do I sound right now? Anyways, I love that we're still above that 4 hour, you know, right here. where I was getting a little bit curious when we were dipping under that 21 and headed to the 200 and we just recovered. Again, you can't lose the 200 until you lose this 21. So, first I watched the 21 and then we watched the 200
day moving average, the 4hour chart for BTC. This is actually a perpetual contract. Uh it doesn't vary probably too much, but it is a week's perpetual just [music] if anybody has any slight differences on their chart. Of course, we were talking about the shoulder head and shoulder. And if it did get the move, this would have been your measured move there. But it doesn't look like we were. And I said, maybe you remember, maybe you're an undergrounder, maybe you come to the show, maybe you know. I said I was pretty sure, feeling feeling very confident. Let's put it that way. I'm never sure of anything but the fact of my own ignorance, but I was feeling very confident that there was a good chance we weren't going to lose this 200 because of the atmosphere around crypto right now.
So, it's very interesting. Is the bottom of the market in was this the bottom that we're going to look back on and we're going to call it, you know, 57,800 5800. Is that what we're going to talk about? Or are we due for 4540 as some people say? And this is just a moment. Again, if you study your 4year, it's like October 5th that you should have the bottom of the market. So, just mark that in your head. You don't have to necessarily, but you know, you hey, shouldn't take any advice from me. I'm not a financial adviser, but I wouldn't necessarily go sell your house and uh try to catch the bottom of the market on October 5th. But if you got maybe, you know, a thousand bucks laying around, maybe you want to deploy it then. That's
your own business. You do what you want with your money. Let's kick this show off. Who's all here? Hey, we're going to be giving away some free crypto today. You might want to stick around. I'm I'm going to give away free crypto twice. Normally, we do a giveaway. Um, and this time we're going to do two of them during the live stream. So, definitely stick around. I've been winning a little bit of money on pump.f fun and I want to I want to give back. Been having a blast with that. Made like a $100 in the last I don't know 45 minutes. Too much fun. But anyways, let's kick this show off. Let's get the introductions in the way. Talked about that 4 hour chart. We're above the 200 day moving average. That is big for me on a
on a 4 hour time frame. So, this week we're beginning a new educational series called the crypto recovery test. I think you guys are going to love this. This was my idea. It's Monday, right? We're kicking off a new series. We do a series every week. If you're new here, smash that like button. I think you're going to love it. And last week, we did a really heavy intensive educational, you know, focus. Now, for this week, we're going to still be educational because we're raising that crypto IQ, baby. Either way, but we're going to dial it back a little bit, make something that's a little bit more fun, maybe something that's a little more directly uh, you know, in your wheelhouse, something you're very concerned about if you're on this stream. Is crypto going to recover? How do we
test it? How do we look at it? What are the parameters? What should we be looking for? I think you guys are going to really like this. So, Bitcoin has recovered from below 60,000. We were just talking about 58,08 and recently pushed back even above 65,000 before giving up a part of that move. Cooler inflation data improved risk sentiment and money returned into spot crypto ETFs. And that sounds encouraging, but it does not automatically prove that the market has entered a new bull trend. That's to note. And we're not here to give you just bullish bullish bullish because that'll paint you the wrong, you know, picture and you might do something crazy even though you should take full responsibility for what you do. We we do we weigh the odds, right? We want to be somewhere in the middle.
We want to know what's bullish. We want to know what's bearish. We know what's good, what's bad. Uh well, from what's up from what's down. I think you get the point. Prime Minister in the house. Welcome in. Welcome in. Is Streart here today? Uh Cam here today? Chris Cos in the house. 333. my fellow lifer Chris Goss, we'd love to hear more from you. I appreciate you always coming to the stream and uh I'd love to I'd love to learn more a little bit more about you. I've had the pleasure and joy of getting to know and meeting so many people in the group. Uh I'm a social person, so it's just been awesome to me. You'll never bother me. Shoot me a message if you want to chat. Uh by the end of this stream, you should understand
the difference between a bounce, a relief rally, and a genuine trend reversal, and what evidence you should be watching. So, let's increase that crypto IQ. The quote of the day comes from Benjamin Graham. In the short run, the market is a voting machine. Think about it like that. Anybody ever thought about the market as a voting machine? But in the long run, so that's the short term. It's a voting machine. In the long run, it is weighing machine, right? It's weighing the value of things. Tonight's connection. Short-term price reflection reflects emotion. Same thing is positioning, right? Sustainable market value eventually needs demand, liquidity, and stronger underlying conditions to support those moves. And you may not know this, but Bitcoin ETF recorded approximately 132 million in net inflows on July 17th, while Ethereum's ETF had approximately 36.7 million, which I
think is pretty proportionate. However, Black Rockck's IBIT contributed about 135 or about 136 million to Bitcoin total while another major fund experienced a small outflow. So, it was a big buy. Here's the point. It was a big buy from Black Rockck. That means Bitcoin's ETF category finished positive, right? So, it ended positive for whatever it was, the cycle, the quarter, the the month, whatever they're measuring here. But the demand was heavily concentrated in one product, right? It wasn't dispersed between multiple different people's ETF. It was just Black Rockck's ETF, right? This teaches an important lesson here. The numbers may look stronger than the participation underneath it. So when you have all of it coming in from one, you know, institutions ETF or something like that, it's very important to note that maybe that's not the biggest strength across the
board from all the institutions, right? We know because of Black Rockck's buy that they're very bullish on it or that in the moment they might sell it later, but in the moment they're they're buying 136 million in ETFs on July 17th. But that doesn't mean all the other institutions feel the same. When evaluating a recovery, we need to ask some questions here. Is it demand spread across the market? Is it continuing for several several weeks? That's definitely something we want to know. If you're trying to catch a trend, swing trading or something of that nature, is one buy carrying most of the move, right? One big player. The problem is with one big player and they're big buys, when they do big sells, you're going to have big volatility. Is price responding strongly to the new demand? Are people
believing in the trend change or the pump? Right? A sustainable recovery normally becomes broader, not narrower. Right? Does that make sense to everybody? We're going to kick this thing off. We're going to go to the crypto bubbles and see what's going on. I'm excited to be here on a Monday. Like I said, I love streaming and I [music] love the community. I love hanging out with you guys. And so, when I'm off for a day, I got a lot of work to do on that day. But at the same time, I really miss being on my stream and hanging out with everybody. Whether it's raising my own crypto IQ or doing some DeFi gaming, I really am all about it. All right, so here we are at the crypto bubbles. Let's toggle that one through 1000. Take a look
at the day. I honestly haven't got to do this yet. Prime Minister says, "Yo, I wonder where everybody's at lately." H that's what I need to crack my neck. Uh yeah, Camsta. There's just a few people I haven't seen lately. Even Struggger. No, Strugggerart's been here lately. I don't know. Hopefully they roll through. I really wanted to uh really wanted to talk to talk to Cam. I think Hamster would I'm just throwing it out there. I think Hamster would be one of the people that would heavily benefit from what we're doing. Um we don't have to necessarily, you know, you know what I'm saying? So anyways, 1 through 1,00 1% on 2 to 300 1.9 the biggest one 78. So we'll check that out. Let's go back to more of our individual here. I think it's so funny if
you like click the bubbles, you can just move them around. I don't know what the point of that is like at all. Maybe if you're like trying to click one like maybe I'm trying to click meme core so I move them away. Either way, it really messes with me. I don't like it when I do that. Anyways, big big green bubbles here is virtual. Uh not that they're really big moves, but you know, it's proportional here. Even ICP getting a 3.6 move to $222. Daxi Daxi is one to watch, man. This thing is already at a 1.7 billion, but for whatever reason, it is just held up beautifully in this market. I feel like personal opinion. virtual 5% near protocol just let's drop down another hundred. If you're just rolling in, smash that like button for me. We're going
to be giving away free crypto twice on the stream today. Bonk doing incredibly well as they move to Ethereum. Apparently Bonk has moving to Ethereum. We all know what happened. They they didn't get hacked. Like somebody proposed a proposal on the Dow and then they turned around and bought enough Bonk. cost them $4 million to buy enough bonk to get the proposal p like passed pushed and then they pushed it and they took $20 million nice payday and then they made themselves king of bonk and [music] then I don't know Bonk Foundation was like hey we're going to pause everything we're going to figure this out and then the latest news is they are moving to Ethereum so I don't know if that's just them like I don't know is this Bonks like Ethereum Ethereum classic forking moment where
they don't want to like, you know, take responsibility or live out the the reality of what happened to them. They're going to like try to reverse it and roll over to another stream and you're going to have like Bonk and Bonk Classic or something like that. It's going to be pretty hilarious. Cryptoke keep in the house. What is going on? What's up? Thank you for rolling on in. I haven't seen that name in the chat in quite some time. Thank you for being here. Lido's up 10%. Bank's up 17.2%. So, there's a little bit of action going on. It is Monday. You know, if you're a lifer, you know, we always talk about false move Monday. A lot of times it'll set the trend in the opposite direction of the rest of the week, but that's not a guarantee,
right? Uh let's see. We got this Talis network, which I got to brush myself up. Is this connected to Bit Tensor? I always think of Bit Tensor when it comes up. No, it's on. Why does it remind me of Bit Tensor so much? Every time [music] I see it, Bit Tensor comes to mind. And I don't know why that is. Maybe there's a Talis uh subnet over there or something like that somewhere. It's not random. I know that. Yeah, Bonk is a sellout. Lol. The chain is not why they got hacked. It was from their own uh negligence. And did they even get hacked? I mean, somebody just proposed a DAO, calculated how much bonk they would need to have enough governance rights to pass their pass it themselves, which is a little bit of a flaw in a
DAO if you ask me. And um then they bought it and passed their own DAO and they said, you know, uh we are the captain now. Struggart in the building. What's up, Struggart? I was just talking about you. I was hoping you were coming through. Cryptokeep says, "I know it's been a while. Just been busy with life and we all are. I'm super understanding about that. I am super busy 247. You guys have no idea how many business ventures and and just things. I'm all over the place, but I'm doing a good job of maintaining it all and it's paying off. So, I totally understand. But when you get a chance to come back, you might want to. We're always integrating. We're always doing something different on this channel. Matter of fact, I want to highlight this to you
guys all. Gottle, I'm really enjoying this. We're going to take a little bit of a more look at it. I keep showing it off. I am not um What is this about? Server action was not found. Server read more. Huh? Prime Minister, you have to tell me what the heck this is about. I am connected. But anyways, it's a really cool project. The community is amazing. I think it's super undervalued. We'll look at that. And so, I just wanted to come over here actually for myself to deploy a little bit of capital here. and do some mining. Oh, wait. No, I don't. Never mind. Why am I not going to do mining? Because the mining rate is at 6.5. Let's take a look at Rush real quick. Oh, and I see why it's at 6.5. Oh, it just bounced
back to nine. All right, so somebody Oh, wow. It actually went to 60. Look at this rush. This rush is worth like five grand. How hilarious would it be if I came in here and just like bought a shovel and got in here and won? What if I won five grand right in front of you right now? Somebody's got to win it right now. Obviously, there's a reason why this thing is at 61 Salana and has been going for a while right. Uh if that would have hit and I would have had that on stream, it would have been so epic. That it really would have been crazy. All right. Now, I'm going to deploy this. If you have no idea what this is and you would like to know, stick around. Uh, God is a really cool project.
If you know about ore, or is, you know, ore went to about $1,500, so you might want to pay attention. This thing's at a $1.90. [music] Now, of course, nobody's guaranteeing you that. We'll get into all of that a little bit later. Cryptokeep says, "What's gottle?" Stick around, man. I'm not going to bury it. It's not going to be like an hour from now. In about 10 15 minutes, I'm going to go ahead and tell you all about it. Also, I'm going to be giving away $5 of free crypto in your choice of whatever crypto you want uh twice during the stream. So, you might you might want to be a part of that and we're we're going to keep it running. So, let's go to our price rundown. Did we even finish what we were doing here? No.
Let's at least drop down another hundred here. It's a good way to keep a pulse on the market. But we're just kicking off the stream. We got to kind of know what's going on. Anom Zama. Uh this is Circle, right? Circle internet group, people behind USDC. Uh useless Meteora. At least the name implies that. I don't know if they actually are. Uh God is really cool. It's like a You know what, Prime Minister, can you give me like like a one twoline doesn't have to be a paragraph, like a twoline like quick description of what God is? I would really appreciate that. Meteora 12.8 8% to the upside. And yeah, we're uh cry crypto rank or sorry, cryptoke keep. Crypto rank is where we'll be going soon uh for the fear and greed index. Cryptokeep, man, you probably want
to come back to the stream a little bit because we've been cooking. We've been doing a lot of cool stuff. It's definitely bottom of the bear market vibes. Uh I know you're smart. I've talked to you enough. I know you understand that this is where all the opportunity lives. Like this is the time to kind of lock in. If you're busy, I get it. I'm just I'm just uh suggesting, right? I might be a little biased. Anyways, uh through 2.3 trillion up 1.5% overall market cap. That's good if we can keep that trajectory. You'll notice that I like to read all of the prices here like the top 20 or 30. I don't read every single one. I'm not going to read you Tether every day, but we kind of focus on the price of things daytoday and then
the 7-day chart, right? So, what I like to look at moving forward after doing this for so long is that we're getting a pump, right? So, kind of look at Ethereum's percentage, look at BTC's percentage on the 7day, and then if we get a pullback, look to see what holds up better, what keeps its percentages, right? If Ethereum keeps like a 6% up when everything else kind of goes to zero and gives all of its pump back, then we kind of know, hey, Ethereum's strong right now. BTC $65,479. All right. It's a S so store of value mining protocol with a 2 million hard cap supply. 2 million. We talk about tokconomics all the time. 2 million is great. I don't usually curse. I don't know where that came from. I apologize. I've heard that YouTube doesn't like it
if you curse too many times. Hopefully it'll allow me one. But uh hopefully that tells you how bullish I am on those kind of tokconomics. It's amazing. Uh God also implementing new features. Yeah, don't sleep on that. they're building. See, when you get a new project, you're watching a project, maybe you mess with the protocol, whether it's a DeFi game or whatever it is, right? When they don't integrate, like 6 months goes by and there's no new features, there's no real hype, there's no anything. There's nothing going on, I start to get worried, right? And then two, three, four more months go by, I start like minimizing my exposure to it. And I'm learning all of this stuff from being here every day with you guys. And like I said, it it just compounds. [music] And it's just been
highly valuable to me. And I want everybody to understand that compounding uh value of raising your crypto IQ daily. We are all in the sauce here. So Ethereum $1,913 getting above $1,900. Like I said, I I own a tiny bit of Ethereum and I bought most of it around 1,900. I say a tiny bit to somebody else. It might be a lot of bit. It just depends on, I guess, what a lot of money is to you. To me, it's a tiny amount. And no, it's not because I'm a millionaire rich, right? I'm in the I'm in here grinding with you guys, trying to make it in this market just like everybody else. I also haven't been here as long as a lot of your other YouTubers and streamers, just for reference, a lot of them have been here
like multiple multiple cycles, 8, 10, 12, 15 years stuff. [music] And that's why they have the money that they have. And I'm believing that if I stick around and pay attention for 10 years, I'm going to be in a very similar place. B&B $573, XRP $112, uh, Salana $78, Tron 32, White Bitcoin is an exchange coin, right? $56.91, still number 10 by market cap. For an exchange coin to be number 10 by market cap, I got to wonder what the heck is going on there. Um, and I'm not saying it's bad or fraudulent or any of that. I'm just saying like, well done, right? Uh, he says, I will try to connect more often. I hey I think it'll serve you well, right? But you do what you need to do for your life and things. I am super
understanding. But I miss people when I don't see them. I'll be honest. It's okay underground. You're happy. Express yourself. I appreciate you saying that, Melissa. I am on fire today. I've had a great day. Um just been having a ton of fun all over the place, whether it's my multiple businesses, you know, uh just a lot of great things to look forward to. One thing, and I'll keep saying this, we are going to have a couple days off of the stream. There there's no way around it, okay? I have to drive my grandmother to Maine, right? I'm I'm going to Maine for a couple of days. I'm just driving her up there and flying back, right? I'm not going to be gone that long, but it is going to result like three, four days, and I hate to do
it, but um I'm going to be on the road. I don't know where I'm going to be, if I'm going to have internet. Do I want to take, you know, a $400 microphone and risk messing it up when, you know, I don't really have the funds to buy another one? Do I want to take my computer, which I've already had some issues with? Like, you know what I'm saying? I'm just not in a position. Soon, especially when this market pumps a year from now, I'll probably buy a whole set of like travel equipment and it won't [music] matter. But I'm still on the grind, guys. I'm not making a bunch of money from YouTube like a lot of people are. So, if you'd like to change that, if you'd like more constant content and you'd like me to be
able to stream 24/7 pretty much wherever I go, smash that like button so that we can draw more people in here, keep that chat running. By the way, pick a number. I'm picking a number. Matter of fact, I like to write it on my whiteboard. But if I write it on the whiteboard, nobody can see it, right? But I can't pick it up and hold it and show you. So, I'm going to pick a number and it's going to be between 200 and 400. So, it's a number between 200 and 400. I'm going to be doing this twice during the stream, by the way. And if you hit that number, you win $5 in whatever crypto of your choice. And the the the giveaways are going to get bigger. If you come to the channel and you like being
an undergrounder and you're early, if you understand the value of being early in a place like this, um, as more value comes in, the more value I'm going to give away, I'm generous. You can check me on that as we move along. And, uh, you know, I'm going be doing a lot more giveaways. That's the point. I know I'm giving away $5 twice, but I just want to give back and later I'll give more. I don't know why I spent so much time on that. I really shouldn't have. Anyways, we're going to do our price rundown. Like I said, I'm all over the place. I'm hyped. Melissa said 15. It's between two and 400. Maybe you're messing around. I don't know. But I just just for the record. Between two and 400 and uh you could win $5. And
we're going to do it again a little bit later. Let's keep that chat running, guys. Also, show me your favorite custom emojis, right? Hyperlid $62.60. And by the way, your favorite custom emojis, I don't know why I said custom should be the ones that I made. Hopefully, you're a member of the channel, right? Member live stream after the stream. So, Dogecoin 7, Zcash, $548. Let's get through this. Uh, $18 almost 19 cents on XLM. XLM has a bunch of bullish news. Uh, they're working with JP Morgan and all kinds of stuff. This has been confirmed. This is not like FUD. I know in the realm of XRP and XLM, I know a lot of stuff is said, but it is actually confirmed like multiple times that they're working with JP Morgan, the people that run the, you know, stock
exchange, like $17 trillion. No, not exaggerating. It's like $17 trillion that they that they control flows of and stuff like that. It's a ridiculous amount of money. And uh that's your wall Wall Street stock exchange and they're building on the XLM network. It's not a joke. pilot program go has gone live already and the full the actual real thing is going to roll out soon. I've been looking at it. I've been studying it. Maybe we'll do a whole stream on it or something. But um the pilot program went off without a hitch. There was no issues and stuff. They're they're they're moving. They're going to do this. I I'm telling you this is all coming. But don't take it from me. I have to pay attention to the chat, I guess, if we're going to do this. All right.
Melissa says 200. Shahart says 420. You're over the mark just a little bit, guys. Uh, go for it. Keep guessing. And anybody can tell you who's been here. I've paid every single person out who's ever won anything on this channel. You You've been paid out. And if there's anybody who feels like they weren't, and I know there's not because I haven't been doing it that long, and I pay out myself personally, but um, yeah, let me know and I'll make sure you get paid if you actually want anything. Cardono 17, Monero XMR $338, Canton Network 12. Uh, Graham or Toncoin $144. SUI.76 cents. Yeah, SUI was up today when it was at like I don't know, it went to like 57 cents or something. I bought a very small amount. Like I was splitting up like a hundred bucks
into some different coins. I think I bought like $20 worth of sweet. But hey, it's up quite a bit uh on [music] that play. And I'm looking for the long term that could do pretty well. Again, it's only 20 bucks because I already have a bag and I was just adding to a few bags at really low prices. Let's go take a look at what is trending. And before we do that, I'm going to bounce back over to Gottle. Let's see. Usually, it asks me to sign a contract to chat. Okay, looks like it's good. But anyways, I want to take a minute to talk about this and I also want to show I just recently claimed, right? So, you're basically a proof of value, right? You're basically prime minister, you're hilarious. Hey, hey, hey. Don't get them hyped
up. Um, hold I should probably tell him on YouTube, huh? Anyways, uh let's see. You're basically trading Salana for God, right? And you're going through this like consensus, I guess, proof of value, which is really interesting. You've heard of proof of work. You've heard of all of that stuff. Uh let's see. Anybody close yet? 267 214. Nobody got it yet. Between two and 400, if you hit it, you get a free $5. And we're going to do it again. Let's see. Struggleahart going after it. I bet you struggle gonna win it twice. That's my prediction is that struggle wins it both times, right? And so you got 25 blocks you can choose. Right now I I'm literally mining all 25 blocks at one time, which seems to be the best idea. You know, there's different strategies you could put
how much you're putting per per spin. We're putting a very small amount when this mother lode pops, right? We'll get to that in a minute. There's 200 and there's 2,000 over $2,000 in this jackpot and there's about 200 in this jackpot and it just goes up round after round after round and when the Salana one hits that money goes over a percentage of it goes over into Rush, right? And there's shovels. There's all kinds of cool stuff going on here. I just want to brag on this for a minute, right? Because this thing is so cool and I'm watching. If anybody hits it, for any reason I miss yours and you hit and I didn't realize it, don't worry. I will take care of you. [music] Um, so we're barely putting very much soul per round and we're really
trying to catch this mother lode. We're at about 13% mining rate here and then it kind of holds down here, right? So you have this unrefined. This is where a lot of the sauce is because there's a lot of potential value here, right? you have this unrefined guttle and unrefined guttle if I remember the exact number I think it was like 175% APY. So, if you just hold the unrefined goddle that you have, you're getting a really nice APY, right? If you uh refine it, you know, you can do things like stake it. You can buy the NFTts they have to get additional staking power, you know, percentage APY. If you do that, it makes it a lot more worth it. I'm my strat right now. I'm just holding, you know, my unrefined. We can go to my wallet
here. Sh. Nobody hit it yet. I'm watching those numbers. We're giving away a free $5 between two and 400. Throw your number in the chat to run this chat up and somebody get a free $5 and then we're going to do it again. But anyways, you can click on anybody's profile here and it'll show you their wallet. Um, I've been cooking a little bit on pump.fund and I use this wallet. So, that's why there's a good bit of Salana in here. But, you can see how much actual go uh guttle I'm holding. I'm holding about 96. They're about, you know, between like where they are right now at $189 and $2.15. [music] It fluctuates a little bit. It's crypto. You should be familiar. But anyways, I'm just holding. I'm going to get APY, you know what I mean, of
like 175% and then uh you know, at some point I'm hoping this goes through the roof. Now, one thing I want to highlight here, let's talk about this real quick, is Ore. Now, this is another project that basically I don't know if they're the exact same thing, but they're very, very, very similar, right? And it caught on really well. People took this thing for a ride. And if we go to max chart here, you'll see at one point this thing went to about $500. I thought it went to 1,500 at one point, I thought, is what somebody told me. Yeah, back here. Let's see. It'll just tell you alltime high down here if you go look at it. 1451. That was almost two years ago. So, you could look at you could look at that high if you want
to be like moon mass like super bullish. Uh, I'm watching those numbers and then uh if you go to like the second high there, it's more like $500. Either way, or is at 72 bucks, you'd catch some nice X's. But I'm just saying that because it's about the same idea as far as a protocol. I'll bring it up just so you can see how like very similar these things are. Uh, where's the mine? Oh, I got to connect a wallet before they're going to let me look. I don't actually uh do ore. I feel like ore is is too well known. Struggle heart. There's a lot of guesses there under 200. Remember, it's between two and 400. If you're just running the chat up, then I love it. But just just so you know. Where is the mine? I
don't know what's going on anymore. Oh, here we are. Yeah. So, you see, same idea. You got the blocks, you got it running, and you have different strats that you can do as far as like how much you deploy, how many title tiles you're going to mine at one time, all of that stuff, right? And so I spread myself thinner, but I capture more value, especially when the when the actual motherloads hit, right? The jackpots. Think of the motherloads as jackpots, right? No affiliate link, you know what I mean? There's there's nothing that I'm getting from telling you about this, right? If anything, uh not or but God is a straight gem in my opinion and uh I would probably benefit from making sure you didn't know about it until we start going to the bull market, but you
know, that's just not how I rock, right? And so, I just really want to keep shouting them out. We'll show it throughout the stream. I wanted to start mining again uh because I haven't mined in a day or so. I'd love for this godle uh jackpot to hit. And then of course there's like there's the mine and then there's rush. And look, yes, you have to buy these shovels. Whoever is in in the lead, it's not who bought the most shovels, right? It's not who bought the most shovels, it's who was the last person who bought a shovel, they get to go in the lead. So people PvP, right? Like this guy, he just bought one at the last minute. Somebody else will buy another one. The price per shovel goes up. like a tiny bit every time somebody
buys a shovel. This thing's probably been running for like this round, right? Because it starts over when it when somebody hits the jackpot. It's probably been running for like 3 4 days to get this high. But it's almost five grand in Salana. So, there's a great opportunity here. And you can see everything's on chain. You can see when people hit it. I watched this person hit these. I watched this person hit these. Um I was in here pretty much when that happened or right after. So, there's opportunity out here. Here's the beautiful part. One time I spent $60 on shovels cuz I wanted to try this out and I got in early right when it had like reset and I thought to myself, uh, wow, I spent way too much money. Like $60 in shovels, bad idea. But they
give you a dividend moving on. So, if you're in a situation like this where the pool keeps going really high, you're going to make bank off of those shovels. The one that I did, I spent $60. I ended up making a little over $75. So, I I profited off of the opportunity to win. And then mine only went to 25. It only went to 25 Salana. This one's at 61. So, you can cook on this thing if you get in early and hold shovels. You can literally make money just holding shovels. Now, if you get in and you spend $100 on shovels and it goes to four Salana and it pops, like you're probably not going to make your money back. So, there's risk and reward. The mining though is the main function. I hope you enjoyed this little
breakdown of Gottle. Struggle heart going in hard. He's all over the place. 900 9,000 218. He's all over the place, but he has not managed to hit that number yet for that $35. Maybe I need to to to like make it a smaller number. All right, let's keep moving here. And then, of course, I got to show off God real quick. I don't know what the all-time high for God was. Somebody told me it was around like $30. God gang is the NFTts. Telling you, it's a heavy slept on project in my opinion. Like big time. Let's see. It went as high as $20. Go the max, right? I don't know how long this thing has been around. Somebody in the chat said, "Oh, I remember when it was 30 bucks." But it doesn't look like it's ever been
to $30, but $20 from two. Come on. There's a 10x there. And then that is whenever that was in December 15th, 2025. So that was like when the project probably first token generated. Guys, this thing could absolutely cook. Absolutely cook. Look at the max supply. I thought it was 2 million. It's hard capped at 2 million, I guess. But this says 280,000. If you know your tokconomics, they don't give me a circulating supply, but if you know your tokconomics, it's just kind of a no-brainer. But that's just me being super bullish on this project. You do what you want to do. We're going to move on because we still got to look at what is trending out here. Yeah, Prime Minister says alltime high 20 bucks. I don't know what somebody was talking about talking about $30. Look at
the CCP in the house. Welcome in. Welcome in. I think you get it. We're giving away a free $5 between 200 and 300. Don't let the numbers people are putting confuse you. It's just between two and 300 or sorry, two and 400. I'm messing up my own giveaway. Between two and 400, if you hit the number, you get a free $5 in cryptocurrency. This helps the chat keep running. Show me your favorite emoji. Let's draw people in here so they can raise their crypto IQ cuz ultimately it's just good for the market. If people know a little bit about crypto, they can tell other people. They can tell their grandma Thanksgiving, right? That's what we want. We want uh that old money coming in because they're telling their grandparents. That'll put that'll boost the market, right? I feel like
the old people have all the money right now. Uh let's see. Struggle is going after it. There we go. You're all in and around it. There's some close There's some close ones there. All right. ADI. ADI. Uh Melissa, what was it that you found about ADI? ADI has a partnership. They're doing something with Zebec Network. Bankroll would love that. Um, Bankroll, that's a name and a person that I really like who I haven't seen lately. I hope Bankroll is doing well. I hope he's not mad at me for kicking that one guy out of the group who was who was being rude. And then another person left. The two bad apples. I don't want to call them bad apples. The two people who were being a little ridiculous, I kicked one and the other one just stopped showing up.
So sometimes problems they just solve themselves. But they were brought into like uh bankroll TA group [music] in the Discord. They were brought in like with through bankroll. So I kind of wonder if bankroll is mad at me about that. So I guess I'll have to find out. I'm just thinking here. Let's look at these numbers. 338 297. Nobody's hit it yet. You do have to hit the exact number. So pump.fun. And somebody's hit it like every time. Uh if we get towards, you know, later in the stream and nobody's hit the first giveaway yet, we'll just make it whoever's closest. We'll do like a rundown or I'll change numbers. I'll make it like one through 50 and then uh do like a a sudden draw or something like that. Anyways, pumpf fun trending cash all the liquidity running
back to pump. Fun. As of right now, Robin Hood memes not really doing anything. Uh that cash is the premier Robin Hood meme. It's at what 78 million. So it's bounced. It definitely bounced. It ran down to like 50 million. It's been as high as like 200 million. Why is Cash Cat this memecoin significant? Because it's the premier Robin Hood chain memecoin in the fact that it did the most numbers. It it added about 100 plus million to its market cap, which if you know anything about memecoins is a lot of money in like about 24 hours. It was a big deal. A lot of people made a lot of money off of that. Anyways, aside from that, nothing really cooking in the in the Robin Hood memes, right? All the launch pads are messed up. We could go
into a long explanation there. Struggle heart getting close. Struggart, you think you're going to want uh your your payout in Bonk this time? I apologize, bro. I know I'm teasing you a little bit about Bonk. We all have coins that we like, and I've had plenty of my own coins that I liked uh have problems. So, Bitcoin Lorenzo protocol ticker bank obviously has something to do with finance banking 333 2221 strugg I'm just going to say I think struggle probably going to hit both of them right Salana $78 and if you win that $5 often here and you just put it in coins that you like bottom of the bare market style vibes it could actually be a comeup right it could turn into something decent. Caspa, ICP, Bit Tensor, Cosmos Hub or Atom, uh, Meteora, Render, Hyperlquid. We're
keeping a pulse on what's trending. I like ADI. I'm going to talk about it for like a half second here. I want to do a video on ADI and TIG. I haven't got around to it yet. So, you know, there's that. I really hope I get to. Let's see. Did Melissa tell me what was going on with ADI and Zbecan? Zbec network. If you get a chance, tell me what the heck was going on there. So, anyways, that about 844 million. It's got a,000 million. It's actually 99.999. Actually, those are commas, but it's just a little shy of a billion. A,000 million is a weird way to put it. 1,000 million is a billion for anybody who doesn't know that. I need to keep up with the chat cuz Stragahart is running here. All right. You didn't hit it
yet, but you've you've come pretty close multiple times. I appreciate that hard work. He's going to get it. Let's see. But are y'all going to give it to him that easily? That's the question. He just decided, I guess he's going to start at 200 and run it up. So, what is this? It's an Ethereum contract. It is infrastructure. It is a layer two. It's another layer two on Ethereum. We have a lot of them. Here's the token.found uh foundation, the blockchain for realworld impact. Right. Kraken has partnered with them and things like that. But here's the real sauce, right? The real sauce is this, and I say this constantly, but we're raising that crypto IQ, and I got to be repetitive because repetition is the father of learning and the mother of skill. So, we have to really focus
on being repetitive sometime. [music] uh institutions everything all the new projects and stuff we'll get to crypto rank in a minute seem to be positioning themselves around institution money coming in and services whether it's security or running nodes or something some kind of service they can provide for institutions telling you the people who are doing that are probably going to make really really good money here in the next year or two with their business their project because they're going to need that stuff you think black rockck if they buy you know a bunch of money and want to run a node or you know, mine, not mine, but run a node and earn, you know, on Bitcoin or, you know, Ethereum. Do you think they want to run it themselves? You think they're going to have the lady at
the front desk like put that together and run it? No. They're going to hire somebody who they consider knows crypto, right? Who they consider knows what they're doing and is really going to get it right. And so, if your service, your project is, hey, we're going to run nodes. We're topof the line. We're crypto people. We know what we're doing. They're going to do it. Why am I saying that? Because ADI is very much regulation. Institutions are heavily regulated. [music] So, they're not going to pick up players and people to pay money for services and to work with who are not regulated. I'm painting a picture for you as we move forward because this seems like it is going to be highly important. Struggle heart still running. He's going to get it. It's just a matter of time, right?
[music] So, legacy chains fail regulated economies. This is the problem. I love this idea. If you're a business person and you're at all watching like speculating in markets and investing and stuff, you know, solving a problem is the most important thing. If there's no real problem, then there's no real demand for the product. So, no built-in regulatory compliance, right? High transaction cost and limited institutional adoption path. So when you have very little regulation in your project project, you're really making it hard for institutional money to flow into the market because they have to have those regulated products in order to do so. Struggle hard just cooking. Somebody going to get it. Y'all have been all in and around it. I I literally don't even know how I don't know how you haven't hit it yet. You're you're like all
there. You're all there so far. Welcome to Underground Crypto. Smash that like button if you want to raise your crypto IQ. Ethereum secure settlement. We're talking about ADI here and its connection to regulation and why it's doing so well. Trying to watch the chat for when Stragaart or Melissa or CCP hits this free $5 in crypto. We're going to do it again. Maybe the next time uh we'll make it a little bit smaller. Maybe. Maybe not. Maybe we'll do it like one through 150 or something on the next one here. Bro, I cannot believe nobody's hit it yet. Prime Minister with a one. Well done. He wins. No, I'm just kidding. All right, just double checking. Nobody's hit it yet. So, anyways, ADI on my radar. They have regulation. That's what institutions need. Institutions seem like they're here. They're
coming. It's a big deal. And so, mark your calendars, right? Let me get rid of stuff that we don't need here. All right. Cool. Still nobody hit it. That just is so surprising. All right, so that's all I wanted to highlight over here on Coin Gecko. Let's go to crypto rank. Let's look at that fear and greed index. Are yep, we're still holding up above the extreme fear. There's not a lot of numbers left here. Somebody's got to hit this and get this free $5 in cryptocurrency. If you're new, just rolling in, smash the like button, and know that uh you know, everybody who's ever won anything on this show has been paid. It's not a gimmick. It's $5. So, I'm sure you can believe that I'll pay $5. And we're going to do it again in a minute.
So, if you don't get this one, nobody's hit it yet. It's between two and 400. Man, I just the way these numbers are rolling in, I can't believe nobody's hit it yet. And Prime Minister or Struggleart, the the order he's going in with these numbers is wild. A lot of people just like one, two, three, four, five. Like they just hit every number and he's just like one, seven, five, eight, three. It's all over the place. It's really making me work here to make sure nobody's hit it yet. I can't believe nobody's hit it. All right, fear and greed index at 25. Uh we've been doing pretty well staying out of this extreme fear, although we're right there, right? Yesterday was 29. So, actually yesterday was kind of like super bullish uh in the market sentiment, right? Because this
measures sentiment. I don't know how this is not getting hit. It's kind of blowing my mind here, but we love to take a look at what is trending on Crypto Rank because they pay attention to a lot of things [music] that have not even come out yet, right? Things that are in funding rounds, things that capital uh com, you know, venture capitalists, angel investors, corporations are buying privately, early seed, you know, seed rounds, funding rounds, ICOs, and they pay a lot of attention to that and give you a lot of that data. So that's why we look at it all the time. Where is it? I keep thinking you must have hit it already and somehow it isn't. I feel like you're going to get to 400 and you're going to say that you hit every number, but I
think you skipped one. It's all I'm saying. Prime Minister's like, I'm going to get in here now. All right. So, here's what's going on over here. Let's read down the list, then we'll come back and take a look at them. Meteora, Skew, Beam, uh, let's see. Lorenzo Protocol, staking rewards. It's very simple. Do you see these two? Funding round. Funding round. Promi Nvidia tokenized stock. XStock. Xtock is Robin Hood, right? Pretty sure that Xtock is Robin Hood. Prime Minister says kind of fun. Not going to lie. It's It's funny. You know what it reminds me of, Prime Minister? Is like the random number generator, which is something I didn't explain about God. So, I'll explain that in a minute when it comes to the rush. The random number generator. All right. So, Zama, remember we talked about Zama before
it ever generated a token. We've been around for a second. And how long is Let's see. Well, I don't want to mess it up. Jasmine, I love to see Jasm trending. Easily one of my worst time purchases ever when I bought $1,000 worth of Jasm. Terrible, terrible purchase. Um, I don't have many purchases that I think are terrible, but Jasmi is definitely one of them, right? Yeah. Stregerart, how do you keep track of what you already called? That's what I'm saying. I thought he was going in order, but he like literally Yeah, it's human random number generator. Exactly. Exactly. He's going to get to 400 and he's going to be like, "I did all the numbers." And I'm like, I've been watching this chat like a hawk. You missed the number. I know it's hard to believe, but you
definitely missed the number. You got to 400. I'm telling you, you missed the number. I don't know if you can I don't know if you're keeping track. I don't know if you can remember where you missed some numbers, but uh you definitely didn't hit it. And if you did hit it and I missed it, I'll give you double. How about that? But I'm pretty confident that I didn't. Anyways, Anoma, we've talked about Anoma many times. I have DCAD just five $10 here and there into this project at its very bottom. It's up 16%. So, I got to be up a little bit on that. I know that Melissa holds a little bit. I don't know when you've last time you added a little bit, Melissa. So, maybe you're up on that. Maybe you're headed back towards break even here.
We just going to start over. Boy, this is wild. I didn't expect this to go like this. And we're going to do this again. I guess next time the lesson is if you're going to do all the numbers to make sure that you do them, make sure that you do them in order and don't skip any because I've been watching like a hawk here. I'm even rolling back through the numbers just for a second and nobody has hit it. I literally have it written down in front of me so you know I'm not making it up. I will show it on this piece of paper when somebody hits it. And obviously I'm not going to fiddle in the corner for 3 seconds as I write down the number. I don't even know. I don't know how I would keep
track of what numbers weren't hit. Dude, some of these numbers are so close. They're like one off. Yeah, nobody has hit that number. Now I got to go back down and go through the ones that just came in. Whoa. All right, let's go through the numbers that just came in and we'll get back to the show. Somebody's going to win some free crypto. $5, whatever cryptocurrency you want and we're going to do it again here in a minute. So, if you like winning free crypto, stick around. Smash that like button for me. Giving away free value every way that I can. All right. So, I made it back to where I was running through these numbers. How has nobody hit this yet? This is a I I just picked like the most obscure number, I guess, that nobody could
ever think of. Straart, bro. You're Straga has been so close. I just don't even understand how he's skipping these numbers. legitimately wild. Welcome to Underground Crypto where we're giving away free $5 worth of crypto. We're going to do it again. It's a number between two and 400. Somehow it hasn't been hit yet. I don't even know how that's possible. I literally don't know how that's possible. [music] And um yeah, if you were keeping track of all the numbers, you would you would know cuz it's I swear there's got to be like four numbers [music] that haven't been entered yet. And it's one of them. And when I show it to you, you're going to be like, "Wow, can't believe that. Uh anyways, we have not we have sushi. We're taking a look at what's trending. Things you've never even
heard about. Things that are in funding rounds, right? Probably institutional orientated here. 241 221 295 294 24 2 Please just tell me. Hey, that's not how this works. Uh let's see. 31 247 32 292 33 291 34 35 It's between two and 400. I know you're just running it up and I appreciate you. 289 167 uh Minecraft for kids. It's between two and 400 is the number. And I can't believe this is running. I'm going to have to like I'm gonna have to give a hint. I'm gonna have to give a hint here. I thought it was two to 400. It is. It's between two and 400. I think Prime Minister is just being an absolute OG and just running this chat up. We had you guys you what you guys are doing here. I hope you guys saw
the power of what you're doing. We had like 18 19 people in the chat for a second because of that. Like this this is highly effective, right? And there's different ways. Matter of fact, the next one that we do is going to be different. We're not going to do numbers on the next one. The next one's not going to be uh any numbers. We're going to It's going to be the same idea, but we're going to be doing it. I'm typed out all 200 200 to 400 numbers. CCP, I don't think you did because I haven't seen you type that many numbers. I literally just went back through like all the numbers. I don't know why Prime Minister is doing super low numbers. It's between Yes, Melissa. Yep, you got it. It's between two and 400. It's getting crazy
because Prime Minister started at one [music] and I don't know where he's going. He's got like another 150 before he's even in the right ballpark. And I know what you guys are thinking, like how in the world how in the world has this not been hit yet? We put every number and I'm telling you I went back through the numbers and again if I'm wrong and you put the number I will still pay you but the number has not been hit yet. Anyways it's hard to do the show because I I really have to watch these numbers here. Meteora, Skew, Beam, Staking Rewards, Prom, Ory, Zama, Pump.fun, Jasm are all trending. Anoma, Siren, Siren. I wish that thing would go away to be completely honest. Sushi USDS Babylon zero bro or zer bro. Oh, I said between two and
400. I meant 200 to 400. I felt like I've said it many [music] times, but either way, technically the number is between two and 400. Like technically. All right. So, here we're going to roll this back. Is it an integer? It's not. CCP, you definitely did not type 200 entries. Like I'm going back through all of them. I don't even see Straga heart where you've put that many entries at all. I've seen you put some. All right. Yeah, it's between two and 400. I'm going to have to like show it on screen somehow here. So yeah, Prime Minister's got the right idea here. He started from 300. He put 308 twice. I think it's going to be prime minister. Right there it is. There's the number, guys. If anybody wants to look back through the number and tell me
if anybody else hit it, feel free. The number is 311. I have it right here. 311. Hopefully you can see it. It's 311. When Strugggerart went right around it. Struggle heart was like 209 or 3 30 309 310 and then we went to like 312 3:15 like literally skipped it. I was waiting to call him out and then it didn't happen. We're going to do it again, but the next time we're going to do it, we're going to do like favorite food or something like that that you actually have to type out. And I won't pick like some kind of like I'm not going to pick, you know, something so specific that you could never guess guess it, right? Struggart says, "I think I typed it." Struggart. You You screenshot it. It's 9:43. If you screenshot it and you
have I'm going to write that down. It's 9:43. Strike a heart. If you screenshot where you put 311 and it's after it says 9:27 p.m. I typed out 311. I did not see it, but I did say that if you sent it, I will uh I'll still pay. Things can get out of hand. I'm also trying to like do the show at the same time. It's very difficult. Um, is it possible one of my mods could run back through the chat and tell me if somebody else did hit it? So, Prime Minister is the winner for right this second. We're going to roll back because I can't I can't scroll that far. The funny thing is when the stream is over, uh the chat will all run again. So, I can go back and watch it when the stream's
over and I can find out if anybody hit it. And if you did hit it and you didn't get it, I apologize. If I can if I can find that you hit it, I will still pay for you. I am curious. I swear I was watching Stragaart. You were right around 311 and you skipped like three numbers right there. Like you skipped like I don't know 311 at the time. You put it later. You put 312 later on, but then you you skipped like 312 and 313 and then like went straight to like 315 316. This is hilarious. Now it's all over the place. But anybody who did hit it after the show's over, me or one of the mods or somebody will will rewatch the chat. You can put it in like 2x speed, right? And uh we
we'll make sure nobody else actually hit it. Let's talk about skew. It's in a funding round. We're going to give it a minute because it's hard to do the show while we're doing the giveaway at the same time. So, we're going to give it a minute, but no, we're going to give away another $5. And I might have just had to give away $5 like three times cuz I missed the number. We will see. Melissa says she's looking now. I appreciate you. I want mine paid out to struggle. Okay. Uh, if you're sure about that CCP, if you if Strug Struggle might come up here, right? Because if CCP hit it, uh, Struggle is going to go. I'll look when the show's over. Okay. Yeah, just screenshot it if you find it. Yeah, give it to Struggle, bro. Okay,
cool. Prime Minister says, "Give it to Struggle Heart." So, Struggle Heart is getting the $5 so far. prime minister, who is actually the declared winner at this point. There might be other winners. Uh he's given it to Struggle Heart. So, you know what to do, Struggle Heart. When the stream is over, don't do it while Well, you could do it while we're streaming, but when the stream is over, message me direct message where you want it. Uh what you want it in. Do you still want it in Bonk? All that kind of stuff. That was fun. And we're going to do it again. Well done, Minecraft for kids, says 311. Well done. Anyways, Skew is an institutional perpetual futures deck built on the Hyperlquid network. So, now you know. Hyperlid Network, it's a decentralized exchange. It's called Skew. They've
raised $33 million. Uh, Hyperion DeFi is the backer here. I don't see anybody else, but this funding round might be going on right now. So, we might not have the latest data here. So, there you go. When you hear about skew, u you might want to trade on skew decentralized exchange. Maybe all the prices will be skewed and they'll be a little bit lower. All right, I shouldn't have tried for a joke there. There really was nothing. I was reaching for straws. Prime Minister says, "Not going to lie, Eugi, that was fun and it went so much longer than I thought it was going to. That was like the equivalent of if I would have been like 1 through 1,000 and just let you guys go ham. And I probably will do a one through 10,000 giveaway, but at
least when I do that, um, it'll be like a much bigger number, right? And you know what? I have a stream bot and things. Next time, here's what's going to happen. I should have thought of this. I have a stream bot, right? And [music] if you I'm going to program it so it'll just do the thing when you hit the number right here. I'll show you. If you hit exclamation point roll, you'll see the stream bot. I think I think you'll see the stream bot. One out of 1,000 we cooked. Yeah, but the one out of 1,000 will be like a, you know, $25 giveaway, right? It won't be no five bucks. All right. All right, my streambot is apparently not connected right now. I I'm working on turning this even into like I'm going to game gamify game
showify this stream and the way that we do things, but we're still going to do all the education and all of that jazz, right? Strike a heart set bankroll. Yo, that's hilarious. Yeah, my streamer bot's not not connected right now. All right, that was a ton of fun. Let's get a little bit of uh let's get a little bit of of information in here. Let's get cooking and then we're going to give away another $5, right? [music] I'm going to try to make it a little easier, right? And then now, you know, if you're going to take the technique of putting all the numbers in, right? Like in order, don't skip any. Don't skip any, right? Uh you see all the people that came to the stream. People are addicted to gambling. Huh? I might be on to something.
I might be on to something. And when I do the like game, I had a whole game thing planned. I was building it and then Grock decided to just just forget our entire conversation and it was the one like giving me the step-by-step program. So now I got to go back and kind of rework it. And uh shout out to Grock who thinks that there's no reason for it to hold on to previous conversations. like after 2 days it just deletes your conversation which is like and that would be fine if you were using it as like a chatbot I guess it's really not and [music] remind you of pay for it too like so it should remember my previous chats cuz I pay for it but they Grock has like a coding codeex or whatever uh style chat
where you'd use to like build code you know how annoying it would be to be working on a project that you're literally coding and then Croc just decides that it doesn't [music] want to spend the money cuz It's resources, right? They're not spending the money to store the conversation. That's what it is. It's about money and it's about resources, right? It's in their model. And so, basically, it lost it all. So, it's still coming, but I I got to get back on that. You know what? When I'm on the road for like 3 4 days, it's going to be a really really good time for me to work on some of this stuff. I hope. All right. Next game. Guess the ginger CCP. Bro, you are always snapping. CCP cracks me up. You might want to consider uh being
like some kind of online comedian or something because you do be cracking me up. All right. And hey, guess the gender might work because there's like I think there's at least four or 500 genders, right? [music] I don't know how I would know which ones they are because I get lost there. Anyways, pivot pivot. Change subject. Danger. Danger. Shouldn't talk about that. uh problem price. All right, we're gonna we're gonna take a deep breath and we're going to do some real crypto IQ raisin event here. What is the problem? Right, this is the introduce. We're introducing it here. When Bitcoin begins rising after a painful decline, people naturally assume the worst is over. Price creates a false confidence. I'm sure I'm sure this has never happened to you ever. Not even one time. I'm sure you don't even know
why we're talking about this, but for the rest of us out here, uh, price creates false confidence when it's been dumping and it turns around or when it's been pumping really hard. Just flip it, like flipping a chart. When it's been pumping really hard and it starts to fall, people like, "Oh, it's just a little 10% dip at the top of the bear bull market." They always say that, "Oh, it's just dipping 20%. It's normal." And then the next thing you know, you're down like 96% six months later, eight months later. Social media becomes optimistic, right? Social media goes nuts. Everything for crypto pretty much lives on Twitter if you haven't caught on to that. Traders increase leverage. Previously ignored action begins pumping. [music] Investors who were afraid to buy near the bottom suddenly feel pressure to buy at
high prices. The problem is that nearly every major decline contains upward rallies. So become new trend. Some become new trends, right? Others merely provide temporary relief before selling resumes, which could be where we're at right now. That's why it's really important. This series is very much about kind of where we are right now in the market. So, don't sleep on that. Price moving up is evidence, but it's not the whole entire case. Right? Here's the shift. Stop predicting and start confirming. Stop guessing is what we're saying. Instead of asking how high will Bitcoin go, let's ask better questions. Let's ask more crypto raising IQ questions here. Has the market stopped creating lower lows? An actual trend change signal? Are buyers defending the pullbacks, the bears and the bulls? Is spot demanding increase? Right? Is spot demand for the asset
increasing or is it just a bunch of perpetual market stuff? Are ETF inflows persisting, picking up? Is volume supporting the moves? Is leverage controlled? Are more assets participating? This changes the investor's job from guessing the future to evaluating the evidence before you. I love how you guys are still going with the numbers and we haven't even started the next giveaway. But we just gave away a free $5 worth of crypto. And this community is so generous that even if you win it, sometimes they just give it to somebody else. Prime Minister, shout out to him. He got it. And I'll make sure that we're super clear. And maybe I'll have one of the mods like watch it. You know what? You know what would be a better idea is if I gave one of the mods the number like
in like direct message, right? And then they let me know who hit it. That would be a really good idea. Who's up for that? Obviously, you'd have to be excluded from playing, but I don't think you'd mind. And uh, you know, probably throw you a gift for being a mod here. Anyways, Blues Guy, he's rolling in. He says, "A dream doesn't become reality through magic. It takes sweet determination and hard work. In success, it's no accident. It's hard work, perseverance, learning, sacrifice, and love of what you are doing." That is absolutely true. All right. So, where's the payoff, right? Build a repeatable recovery test, a way to determine if a, you know, trend has actually changed or if we're just getting like a what they call a dead cat bounce or a bounce in general. Uh, Prime Minister says,
"Yeah, that sounds good." Yeah, I think it's a great idea. I think I'm going to do that. Uh, let's see. By monitoring several independent signals, we can classify the market more intelligently. A temporary bounce, a developing recovery, a confirmed trend reversal, and a recovery beginning to fail. Now, there's somebody who I found just at the exact same time pretty much that I found the Lifer on Around the Blockchain, right? A a a subsidiary type show that was on Bit Boy Crypto, right? A lot of cool people were on there from altcoin daily to the crypto lifer to cryptogeb who I'm going to talk about for a second because I think this is really important what we're talking about. When we got up to like 79,000 80,000 that most recent real rally he said don't get too excited. I've been
doing technical analysis for like 15 years. We haven't actually confirmed a bull market. even though we pumped a lot, we hadn't confirmed a bull market. And he said if you could get above basically 83,000 to 84,000 and hold it for like three, four, five days, a week or so, then you will confirm a bull market. And that's exactly where we where we switched. That's exactly what we didn't get. I shared the video. I talked about it. I really tried to let you guys know that, hey, it seems really bullish, but we haven't actually confirmed. This is what we're saying. You can get all hype because we pumped $20,000 in Bitcoin. Or you could really pay attention to what actually determines a bull market confirmed a trend reversal confirmed that kind of stuff. Of course, time frame highly important. says,
"Why did the Discord pass? I'm at the stream. I don't know what you mean by the Discord passing." Anyways, yeah. So, we can still So, we still cannot remove uncertainty, right, in a market, but we can avoid making major conclusions from one uh exciting price move when we really don't have the confirmation. And that is just introducing the show tonight. If you like this kind of show, smash the like button and let's go get that. Motherload still hasn't hit. The jackpots haven't hit. And Rush is still rushing. Snickler Fritz says that he is tired. He has been uh probably up all night trying to hit this thing. He's bought 61 shovels, which is a lot of money. I mean, each shovel right now is like $11. It's kind of crazy. And I just realized that I bought one shovel
and I didn't really think about what the price of the shovels were. So, that was really bad on my move. I just bought $11 for no reason. I just did it for fun on the stream, but uh was not a good investment unless this thing goes another 20 soul. The stream did not stop. The stream is not over. If you can see this stream and it is still going, please show me your favorite emoji. All right, there goes the neighborhood, dude. It's too funny here. Great community over here. All right, let's move along and do or what's trending still. So, let's just do what's important here. Staking rewards is in a funding round. They've raised 3.2 million, but what the heck is the point of them? What are they doing? We got a tier one investor in here, Galaxy.
We see them often. Venture capitalist staking rewards is a leading data and analytics platform for crypto staking. So, I don't know what they're going to do. Are they just consolidating like staking from everywhere and they're just pulling it all together? That would be a fire idea. I'm big fan of that. I got a white shirt. We got to make the background black here. Dark mode. Let's see. Where is it? I want to launch it. Where is it? Where's the app? I don't see an app. Hm. It is in its funding round, right? Melissa using her her uh membership. You get like a free It's basically like a free super chat. Like it's a highlighted chat. You get one a month for free if you're a member. Memberships are $3.99. I keep them super cheap, right? And you get access
to the membersonly live stream. We're in kind of a bottom of bare market vibe. So, they're not every day, but most of the time they're going to be like Monday through Thursday at least a couple of times a week. And then once we pick up and there's a ton of people here, it'll be consistently constantly, but it's all about value, right? So, there will be a members only live stream here shortly. And uh we might even do some giveaways in the membersonly live stream. So, that'll be a lot of fun because [music] I tell you only three, four people usually come over to those members only live streams. So, if we do a giveaway over there, you're likely to get it. You might like if I give $5 away, that's more than the monthly membership even costs. Just just
throwing that out there. But anyways, Melissa says, "One of the best unique streams around awesome comm." I think she means community. I appreciate you saying that [music] and I would have to agree. This is staking rewards. They're funding right now. I don't really know. They don't really have an app so I don't really know what the heck. We'll go to their Twitter for a half second and we'll just see how much attention they're getting. Blue Sky says, "Thank you, dear God, for all good life and forgive us if we do not love it enough." 41,000 followers actually for this. That's more than I thought it was going to be. I'm not going to lie. That's that's actually significantly more followers than I thought. They're followed by Pendle and Mantra and stuff. So, they must have some like association with
all of that. Could you do one for like Could you do one or two dollar but do it like1 to50? Yeah, absolutely. I could do that. He's trying to win. He's trying to game the system. He's like, "How about we do it like this?" He's like, "I have a much better odd hitting this and we're going to give away another $5." Struggle, congrats. Maybe Struggle Heart will get it. Get it again. Struggle going to really benefit from showing up all the time on this stream. Not to mention we're a tight community and like you know I actually acknowledge everybody a lot. So Anoma pumping I love I love that. So let's check out this GNO land and I really want to know because like there's Gossis and and Gnosis has amazing tokconomics stuff like that. Struggle heart's just starting
early. I guess he didn't even know what it's going to be but uh he's just starting early. That's pretty funny. You know what? As soon as we we start like the underground hangout or something, that's when we're going to do it. That's what I think. It'll be probably right after we do the talking points, the actual not not the IQ raising event, but the actual bulk teaching for tonight. That's when we're going to do it. So, 2.5 million raised here for Ganoland, which I have no idea if it's connected or not here, but I do like the name smart contract platform powered by GN O. Is it associated with Gnosis on GNO? Ah, this got me so curious if G if Gnosis is gonna launch something and it's going to be cool. Yes, this is Gossis. Oh, I'm super
excited about Kinosis has a great tokconomics. Actually, I don't want to show it here. I like crypto rank. Every platform has a little bit of something that I love. And um, of course, Crypto or Coin Gecko, got to keep them straight. Coin Gecko has like the best, easiest, quickest look at tokconomics here. Dragard says 5,000. He's going to spell them out now. You should limit the guesses the people around or else I'll start counting until I hit the number. That's the whole idea. I don't want to limit people's guesses because I want to run the chat up. So, that's counterproductive. Um, oh my gosh, there was an insane glitch. I don't know why he keeps saying there's a glitch. I don't know. Oh, Xan is pumping like that. Let me check out the stash. Yes, Melissa, I was just
saying that. You must have stepped away for a second. It's all good, though. It's a long stream, you know. We'd be streaming for like two hours minimum. Anyways, Gnosis, right? Uh 3 million max supply. Only 2.6 million is actually out. I thought it was actually lower. I thought it was like a million, but maybe that's Clanker. We keep track of the ones that have great tokconomics. Um this one might be one to watch if they're launching something. That's the the reason why I brought this up is because what we're looking at right now looks like Ganosis is actually launching this GNO land. Um, and it could be something that has connection. We want to look. We want to figure out if it's going to have connection to Gnosis, the coinos, like is it going to flow through it? It's
very important. But if Ganosis is the main coin in this network, it's going to run it up. I I think that's a great buy if that's the case. So, this one's going to stay up. This one's going to be on my radar here. Uh, go Land is a smart contract platform powered by GNO. We I This couldn't be better. I have to do a video about this. GNOL provides various ways to interact with the blockchain from browsing the deployed smart contract called Realms. Okay. And interact. I am I am super bullish on this. I don't even need to know what the heck it is necessarily. It's got to go well. You have to follow it. You have to make sure they don't completely botch it up and do a horrible job and piss off the community or something of
that nature that makes people mad. Anything that makes people mad. But if it goes off even mildly smooth, um, this could have real implications for the actual ticker cuz GNO is going to be the native token on this smart layer on the smart contract layer is what it seems like. It's a layer one. This is sauce, guys. I I really feel like this is this is sauce. I I'm just seeing it for the first time. Not telling you what to do. Don't buy random stuff you see on the internet. Do your own research. The website looks like it could be way better. Uh this looks like it's on like, you know, GitHub or something. We're building land set to become the leading open-source smart contract platform. You're going to need to upgrade this website. I don't like that. But
they're heavily tech. They build a lot of things. I know they're good. I know Gnosis is a good product. Uh using go and interpreted the fully deterministic value of the Go programming language. This has its own programming language for succinct and composable smart contracts. What do you think of this, Prime Minister? What do you think of uh Ginosis? Prime Minister has a little bit of a mind for this kind of thing. You'll have to tell me what you think of this. CR keeps signing me out. What is CR? I don't know what CR is. I do apologize. Melissa says there was a glitch, but you're fine. I was ready at the phone to call if needed. Did What? Did I freeze or something? Anybody tell me what the glitch was? Yeah, GN land. And again, go land's just going
to be the layer one. I'm gonna leave that up because I I really I gotta do a video on that. [music] I gotta buy some of that. At least one. I got to buy at least one Gnosis because what if that thing goes like $1,000 and it's at 100. It's a 9x or $1,100 $1,500. It could do it. Where am I at? I'm I'm so lost. I have too many things up cuz Oh, yeah. I want to be here. Cuz if you just think about it, take your 200 2.64, right? 2.64. 64 million and you divide it by $295 million. It'll give you 100 about $112, right? Per asset. If this thing rolls to a billion, 1.5, two billion, look at other layer ones. Don't don't forget that layer one projects in the past have been some of the
best producing like over all of cryptocurrency history blockchain history layer ones have been some of the highest producing percentages of gains mostly because of Ethereum and Bitcoin right but it's it's happened to all of them I mean what was Solano when it first launched that's a good question. Still drinking coffee at 1000 p.m. Let's see. I know we're going to do the next giveaway. Next giveaway coming up in probably about 20 minutes, if that. So, let's make sure we finish this. I I just found this and I just got super excited. Um it looks like the GNO is going to be again the native asset for this layer one which is cool because it's already out [music] and I'm just going to be following that. It's in token sale right now. So it's not we're we're this is one
of those opportunities we scan. We go over every day. I just want everybody to walk in for a minute and understand how important this is. This is why we do this. This is one of those moments where it's like this could be an opportunity a lot of people don't know about yet. They don't know that GNO land is in token sale and [music] the native token, it's a layer 1, is going to be Ganosis and it has amazing tokconomics. I got to buy some of that tonight. And you'll get to see it here first. If it's a complete dud and it's a dumb idea, you're going to see it here first and you would have been glad you didn't do it. Or it's going to go to the freaking moon. It's going to 10x quickly and you're going to
be like, "Dang, he told us about that." We'll see. No guts, no glory. Right. And then look at this. Zero Bro. Zero Bro is a meme token launched on Salana promoted by AI and launched on the pumpf fun ecosystem and it is way down. I have no idea why it's trending here. Probably because it did this huge inverted head and shoulder there. It's a memecoin. We're not going to spend a lot of time on it. Although I've been having a ton of fun on pumpf fun. Let's see. Cody Harris, what's up? What's up? Welcome in. Smash that like button if you're just rolling through. We're just about to get some of this crypto IQ raisin sauce going on. [music] If you like crypto education, you're in the right place. We do a lot of things. We do a lot
more than crypto education. And at the end of this crypto education IQ raising event, we're going to give away a free $5 worth of crypto. Whatever crypto you want, I'll send it to you onchain, right? And I just gave away $5 in crypto a minute ago, so get ready. It's coming. But first, we got to raise that crypto IQ. I'm going Bitcoin only this cycle, says Cody Harris. I I totally understand why you would say that. Um, we're a tight-knit crypto family around here. There's a free link to my Discord. It's a free Discord. It might not always be free. You might want to get in it in the chat where we hang out when we're not live streaming. You can get access to talk to me pretty much anytime in our main hangout there. I'm always monitoring it.
And uh welcome in. Welcome to Underground Crypto Show. So, I want to talk about something serious here. Right. A bounce, a relief rally, and a trend reversal are all different things. How much do you know about this? Right? And we're about to give away free $5 here as soon as I'm done with this. A bounce is simply an upward move after selling, right? It's literally a bounce. We were we were dropping and then it started to move back up and correct. Right. A relief rally happens when selling pressure temporarily weakens and bearish traders close positions. It can be powerful without changing the larger trend. Right? So this is kind of like you're getting some some change in the price action the price trend very very locally but it's not changing the larger overall trend. A trend reversal occurs when
the market behavior changes. Buyers defend higher prices, pullbacks become shallower, former resistance becomes support, and the demand persists beyond a few sessions. The market stops repeating its bearish structure. We have a real change in trend. The duration of quality of the buying matters more than the excitement of one candle. If you're in the one minute getting super hyped on one big candle, that could be problematic overall. if you're if you're trading. V3 uh Bedan says, "Hi, welcome in. Welcome in. Smash that like button. I love to see all these new people." By the way, guys, you see all these new people coming in the chat. Know that this is you. This is this is what happens when you guys show up and you actually [music] uh you know, I incentivized you a little bit, but you guys actually keep
the chat moving. You bring more people into the community. It's uh you know, an amazing thing for the channel. So, begin with market structure. A declining market commonly creates lower highs, lower lows, another lower high, and another lower low. That's a trend. It's repeatable pattern. You know it's changed when you go from lower high, lower low to a higher high, a higher low. Now you've changed trend. If you don't see that, you haven't actually changed trend. That sequence shows sellers remain in control. The developing recovery begins interrupting that pattern. Bitcoin stops making new lows. It breaks above a previously meaningful high. Right? The following pullback remains above the old low. Right? You hold support, support and resistance. Buyers return before the market completely retraces the advance. That creates the first possible higher high in a trend change. One higher
low does not guarantee a bull market, right? But it gives a strong structural evidence that price merely bouncing from an oversold level. So you have a support and resistance flip right now. You can tell yourself, hey, if that support and resistance level that we just SR flipped, right, that we just flipped, it went from being resistance to support if you were dumping or vice versa if you were pumping. You could say if we lose that support and resistance, this trend reversal is over. So now you have a clear line of okay, now I'm going to switch to the new trend from up or down or down to up, right? And you know that that support and resistance. If you lose it and close a candle, say you're trading like the five minute, you're trading the 15m minute or the
hour, you know that that trend reversal is now highly questionable and probably not going to happen, right? What is going on in this chat? Shout out to everybody in the chat. Prime Minister says, "The issue with L2 is there are too many of them causing fragmented liquidity." Absolutely. And they just keep popping up. Decentralized exchanges can be like that a little bit, right? But like also they're not as fragmented liquidity, but there's too many of them. ETH gas fees were sort of reduced during the Duncan upgrade. They really only get expensive during high traffic. ETH has fixed some of the previous issues that layer 2 solved. Prime Minister says, "Yeah, that's me. Lol. I've been on Eugi's channel since day one." Yeah, Prime Minister is an OG. Minecraft for Kids says, "This is boring." Well, go play Minecraft. Isn't
that what your name is? Like, go play Minecraft. Why are you here? Uh, let's see. Right on. Remember, great to see you, man. All right, so a breakout must hold. Breaking above resistance attracts attention. Holding above it provides confirmation. Suppose Bitcoin repeatedly falls near the same price over and over. If it finally pushes above that level, we watch what happens next. a stronger breakout. Usually close above resistance, attract meaningful spot volume, remain above the level during a retest, and converts former resistance into support. Basically, what I was just saying about support and resistance, right? That's why kids shouldn't come to the stream because kids don't even know what we're talking about. A weaker breakout usually moves above resistance briefly depends heavily on leveraged buying fall back below the level quickly traps late buyers. This is why trades call certain
moves fake outs. This is what a fake out is, right? Spot demand is stronger evidence than leverage alone. So, when you see the demand and inflows coming in on the spot purchases, that tells you that people are thinking a little more long-term. When it's all perpetual, they're not really concerned long term. They're just probably trying to get a pump right now. And they're also quick to sell. Spot buyers purchase the actual asset. Derivative traders can control larger positions using borrowed capital. Leverage can make a recovery look strong than its underlying demand actually is, right? Cuz somebody's got a bunch of money on leverage. When many traders expect Bitcoin to fall, a small price increase can force short sellers to close. Those forced purchases accelerate the rally. It's a short squeeze. If you're a lifer, you've heard about a short
squeeze many, many, many times. Prime Minister says, "We eaten over here. Minecraft is super bored." I'm super bored. Minecraft, I'm super bored. Huh. I'm probably not reading that right. Let me not get distracted. Now we want to ask an important question here about a short squeeze, right? A short squeeze may start a genuine recovery, right? But it cannot confirm one all by itself. After shorts are removed, ordinary buyers still need to continuing purchasing. Basically, short squeeze happen and then they get excited and then a bunch of new people enter bullishly or or the opposite. You can have a long squeeze, right? What you want to ask is did spot trading volume increase at all? Did the rally continue after the liquidation slowed down? Are buyers still holding positions and does price remain firm without extreme leverage? If you don't
know your technical analysis and things, this might be a little bit hard to follow, but that's a good indicator. You might want to raise your crypto IQ. Even if you don't necessarily plan on doing a ton of leverage trading or regular trading, this is more about being able to look at a chart and understand what the heck is going on. It's very important. Shout out to the lifer, Crypto Lifer, who live streams constantly every single day for five years if you're really really into this. We're covering it in a series this week, but that's where you want to go. Volume shows participation, not direction by itself. Volume tells us how much activity is supporting a move. A price increase on expanding volume generally carries more information than the same increase during thin trading. However, high volume is not automatically
bullish necessarily. [music] Heavy volume can also represent sellers distributing assets into um enthusiastic buying, right? Or a top. Use volume in context here. So, rising price plus expanding volume can show stronger participation. Rising price expanding volume shows a stronger participation. Yeah, I if you don't if like you just don't know how how sauce this is. This is so important and you can use it in a lot of applications, right? Rising price plus falling volume can show weakening conviction. Falling price go down plus heavy volume can represent panic or capitulation. And a stressful retest can controlled volume uncontrolled volume, right? which is usually like a retest trader can show sellers are losing influence. Volume strengthens an argument. It does not make the decision alone. So volume can strengthen the idea the trends the you the trends changing whatever the structure
change stuff but it it doesn't alone mean that it's happening. What is going on in this chat? Yeah, prime minister says yo kid you can learn from your a lot from your pops. He doesn't know yet. He doesn't know yet, but he will eventually understand the value. I'm sure of that. Just got to get a little bigger. Why did the student eat his homework? Because the teacher said it was a piece of cake. That's a good one, Blues Sky. That is actually hilarious. Why was the math book sad? Because it had too many problems. There we go. Now you're entertained. [music] Now you are entertained. Why did the picture go to jail? Because it was framed. It's so hilarious. >> Hilarious. All right. So, ETF flows are important but need persistence. ETF spot ETF creates an accessible path for
traditional investors to gain crypto exposure. Recent flows improved Bitcoin and Ethereum produ products. Right. So, recent flows have improved. I gotta slow down. Bitcoin and Ethereum products both attracted capital at the end of last week, but earlier weakness was substantial enough that city reduced its Bitcoin and Ethereum forecast. So, where they predicted it to go at the beginning of July, they pretty much already changed it, citing ETF outflows and weaker investor interest. So, they're basically adjusting, they're adjusting their prediction, but there's a reason. The right question is not simply were today's flows positive. We have to ask have flows this is ETF flows right buying and selling of the ETF remain positive across several weeks are multiple funds attracting capital or is it just black rockck buying all of it right are inflows growing or are they fading is
price responding to that de demand and we're going to pivot after this to ETF inflows right we have nice charts and stuff are inflows large relative to previous outflows I don't know why I can't Are inflows large relative to previous outflows? Right? Are they kind of the same as you have inflows but about the same outflows and vice versa? One positive week is an improvement. Sustained accumulation is confirmation. There's a big difference there. Market tells us whether the recovery is spreading. Bitcoin can still rise while much of crypto remains weak. We've seen this time and time again. This was our entire bull market. Bitcoin pumping the rest of the market doing not much of anything right so market breth asks how many assets are participating you probably never really heard of this right so let's break it down is
Ethereum strengthening while Bitcoin with Bitcoin right is is Bitcoin pumping and then Ethereum is also pumping or is Bitcoin pumping by itself and nothing else is doing anything Ethereum's kind of the gateway to the altcoins right so if Bitcoin's pumping and Ethereum is pumping thing that usually signals that money is going to flow into some altcoins, probably your higher market cap altcoins, not your number 1,000 market going, you know, market cap coin anyways. But if Bitcoin is just pumping by itself and Ethereum is doing nothing, then money's probably not going to flow. A major altcoins establish better structures, right? Do we have better structure on the chart? Are gains spread across credible sectors, right? Or is it all in one place? or are a few tiny tokens creating the appearance of market strength, right? While everything else is not
really doing much. So, a healthier recovery usually expands gradually, not such a fast quick rise, quick fall, quick rise, quick fall, quick fall, quick bounce. Well, you want more of a slower inflow and a steady pump over weeks, right? Bitcoin into Ethereum. And this is what I was just talking about. Bitcoin pumps. You see Ethereum start moving as well. Then the money flows into major altcoins and then you get the broader sectors. That is your altcoin season where a lot of money can be made. But you need one, two, three steps to work out before if Bitcoin pumps and then Ethereum starts pumping and then Bitcoin dumps, then you're not getting to your altcoin season. Small small caps. Same thing as if major altcoins start to pump and then Bitcoin dumps, your money will still not flow into these.
So you you need quite a bit of things money to flow in order to get like an altcoin season. When only highly speculative tokens rise while market leaders struggle, the movement may represent gambling appetite rather than actual durable liquidity. Macro conditions still matter though. Crypto trades inside a larger financial system. Things like Iran war, the oil, all of that kind of stuff unfortunately still matters. The recent Bitcoin rebounded received support from cooler inflation data, right, and improving expectations about monetary policy. However, the sustainability of that move still depends partly on the future Federal Reserve signals, right? raising that, you know, uh, basis points, right? Or cutting rates and continued capital inflows. My brain, it's it's firing on all cylinders. Too many cylinders. Watch inflation. Watch interest rate expectations. Watch the dollar strength, equity market risk appetite, credit conditions, geopolitical
shock. There's many things that you could look at. A favorable macro environment can support a recovery. A sudden tightening of financial conditions can change it. I wanted to do this segment tonight because we're near the bottom in my opinion of the bare market. But when I say near, I'm talking macro. Like we could still have till October, December, maybe into the beginning of next year before we have the actual bottom of the market on say the daily chart, the weekly chart. So I figured let's talk about why a trend has really changed and how we know when things are actually changing versus just getting overly excited because we pumped to 82,000 like we did and people got way too excited and it wasn't confirmed. Giveaway coming up in just a couple minutes, right? So, define invalidation before emotion takes
over is basically what we're saying here. Make sure that you're actually got something going on before you just emotionally feel FOMO. A recovery thesis needs a point where the evidence is no longer supported. Possible warning sides signs, right? Here's here's the things you want to look for. Bitcoin loses its newly established higher low. Support and resistance breaks. The breakout immediately falls back under the resistance. ETF inflows reverse into substained outflows. Not just a little bit, but a lot equal to whatever the inflows were. Price rises while spot volume continually weakens. Leverage expands much faster than the actual demand. A big pump. You get far away from that 21-day moving average. That's the sauce, right? Ethereum and the broader market failed to participate. Invalidation doesn't mean Bitcoin can never recover. It just means that this particular recovery attempt failed to
prove itself, especially to the trend change. Monday's prelim preliminary classification. Based on the current evidence, the most responsible classification is recovery developing but not fully confirmed. This is talking about where we are right now. The supporting evidence for this is Bitcoin recovered from 60,000. It recently tested the mid60,000 range. ETF lows are improving. Inflation data helped risk sentiment. Some institution interest has returned as well. Here's what's unresolved though. Bitcoin has not decisively escaped a larger decline downtrend. Recent fund inflows remain small relative to earlier outflows. ETF participation has been pretty concentrated right in Black Rockck specifically. Prices struggled to hold above its recent high. Broader market participation remains inconsistent. The market has earned attention, but it has not earned the certainty or the guarantee of the bottom of the market being in on the larger macro time frames. How's
everybody doing? Yes, that giveaway, it is coming soon. What's going on in this chat? Prime Minister is hilarious. Don't rug us on that prize in front of your son. Hey. Hey. I've always paid out everybody. See, I thought I saw a new name in the chat. Did I? Did I see a new name in the chat? Yes. We're about to give away free $5 worth of crypto. Struggart won the last one. Will Struggleart win the next one? Is Struggart going to come up on this stream? Hilarious. All right, guys. So, here's going to be the giveaway. It's gonna be $5. Melissa. Melissa, are you here? Blues Guy says, "UG is a man of his word." Absolutely. Uh, let's see. Did you see my joke? I did not. Why was Pikachu electric type? Because it was shocked. There you go.
That's a good one. All right, I am going to message Melissa. Hopefully Melissa is here. Hopefully she's listening. I know how it can be. Actually, I'm going to put the number [music] in the chat. Ah, I see somebody's jumping on a coin. I'm not paying any attention. Let's go with All right. Gotta pick a number here. All right. So, I picked a new number and I've sent it. Only two people in here know what it is and that would be Prime Minister and Melissa. It's in It's in the trenches chat in the Discord and they're going to help me make sure that I know when we actually hit it. So, it's going to be the giveaway for the free $5 is going to be between, let's see, let me make sure what number I sent. Okay, it's going to
be between 100 and 400. between 100 and 400. Melissa says, "I'm here." Melissa, I put the number. Okay, they got it. All right, somebody responded in there. Cool. So, let me know. That way I don't have to like That way I can This works out so great. This is what my mods really come in handy for [music] is I can actually do the show and not have to stare at the chat. So, it's between 100 and what I say 100 and 400, right? Between 100 and 400. Free $5 in crypto. Somebody's already won one. And we're doing two giveaways today. Let's run that chat up. And welcome to the Underground Crypto Hangout. Now, as soon as soon as the giveaway is over, we'll be running into the membersonly live stream. Yes, I do a 2hour live stream for you.
Try to raise that crypto IQ, keep the pulse on the market, all of that stuff. And then I turn around and do a membersonly live stream. And the members only live stream is very much for the members. It's for deep diving and research, for asking questions. for a little bit more central one-on-one time, right? Says, "Okay, I'm watching." UG gave us the proof. CK proof. That's hilarious. No, it's not related to anything. I just chose a random number between 100 and 400. And I gave it to uh Melissa and Prime Minister in a chat we have together. And then they know it. That way I don't have to stare at the chat because last time it's like I have to stop the show [music] and I can't. This works way better. But anyways, after the a stream where we
keep a trend on the market, we try to raise your crypto IQ with all kinds of different topics. Last week was was really informative. We talked about, you know, who controls crypto, who writes the rules was the name of the series, right? Right? We learned about all the different regulators, everything from, you know, who's got power and to do things on chain and who has power in governments and things like that around the world. How do you control, you know, how is the US going [music] to control crypto globally? All kinds of really interesting uh topics. And it I think that information, if you paid attention last week, will serve you potentially for the rest of your life because you're going to understand structure more than anything. Yep, it is. Bingo. So, let's run that chat up. It's so
funny. We hadn't even started the giveaway yet, and like 17 people were here. So, this is actually doing a great service for the stream. All right, let's sell off some things for some free B&B. This is Chainers. Welcome to Chainers. There is a link down in the description. Oh, I also want to do this. I'll do that after. I have a link now for Kindra. I'm still playing Kindra. They gave me like 1,900 free coins for play. We'll see if they gave me some more. We are going to go all all of the things that we farmed here. And we are going to sell them for B&B, right? Wow, it didn't put this one in there. I wonder why. And then you can see in this drop down, we've got 0004 BMBB. I'm hoping to get to like 0.1
BMBB for free. That would be awesome. My graphic kid says I give up. Struggle heart. He's going. It's between 100 and 400. >> Prime Minister and Melissa are the validator, right? He's putting this in some blockchain. He's putting it Yeah, exactly. Prime Minister is putting it into like blockchain terminology for you. They're the They're the validators. You guys are the random number generators just like just like Gottle, right? Every time that this hits the mine, it generates like a random number. And that random number that it generates, I guess, determines on if these uh these uh jackpots hit in the mine. That's what the whole mine is. Wow, this thing is still going. Is incredible. For just 112 here, you could have a chance of winning about five grand in Rush. I don't have an affiliate link for this
at all. I'm just literally telling you about this because I think it is too cool. It's too awesome to not to not tell you guys about why I'm saying all this. I'm going to top off that minor. Let's see how much money I'm putting in it. Seven bucks. Top it off with another seven bucks. Yes, it's very cryptographic. All right. So now I have 316 rounds of this, which is basically 316 minutes that this is going to keep deploying my Salana into God. So got a little bit of a routine here going. We're trenching over on pump.f fun. We're making money on pump.f fun. I just made like 50 bucks in like such a short period of time. It was like in 12 seconds. And then I come over here and I get some Gottle. God is cheap, right?
It's under $2. It's been as high as 20 and that was in the beginning of 2025, I believe. So, it's got or the end of 2025, sorry. And so, huge potential for this to run up. Great tokconomics. Shout out to the Godle community and the God project. And there's new features coming and stuff like that as well. Really dope. >> So, let's bring up Kindra. Let's see. Where's that at? Here's Kendra. And so this is a game that was launched. It's between 100 and 300. >> What's going on with my chat here? Anyways, here we are with this. >> I'm trying to remember where my link is. I'm fixing to just install this directly on my computer. I'm going to go ahead connect. I use the Ravi wallet to play this. This is on virtuals protocol, right? Sorry, I
had to text somebody back here. Somebody's going to hit it. Struggle hard somehow in the in the four over 400s between 100 and 400. Let's see. And then open this. They've been giving me some free Oh, there it is. There's my affiliate link. Dang it. I clicked the button. I shouldn't have did that. Anyways, I'll be dropping my affiliate link. It'll be in the description. You get a free It's really not even very great. I don't even want It's really nothing. The free 500 gold is is not really worth of any value, honestly. Prime Minister says, "This is fun, bro. Really enjoying this game." I'm glad to hear that. Looks like Melissa lost her internet. They've been working on Melissa's internet where she lives. So, it looks like we lost her. So, it's uh it's all up to prime
minister to figure that out. Dang. Okay, so they've given me 1 9,000 Kindra for whatever reason, but I haven't been given any more recently. I was hoping that was going to like continue. Looks like we've done some upgrades here. We've added some things. All right, Melissa's back. So, you can add some direct things here from your inventory. I like that. Tendies. They got tendies in here. I think that's a shout out to the Robin Hood meme tendies actually. I don't know. But anyways, this game's been quite a bit of fun to play. I just got in it, so it's a little laggy. I have a lot running. I'm live streaming. It's not usually quite so laggy when I'm not live streaming. And I really would love to hang out and go go farther. Anybody hit it yet? Anybody hit
that number to get that free $5? Prime Minister says go go. If you hit the number, you win. See a lot of numbers in here. Struggleahar always hitting so close to it, but he hasn't he hasn't got it yet. He hasn't hit it quite yet. Welcome to the underground hangout. Struggle hearts on it. I think Struggle Heart's going to win this. Wow. It's kind of It's hard not to watch the chat here. I actually I just got a text message from my wife. I'm not going to be able to do the um the membersonly stream. I got to I got to take care of something. It is actually really important. So, there will be no members only stream tonight. Feel like too often something comes up, but like I said, it's actually super important. So, I really have to
deal with it. Matter of fact, like I need to wrap this stream up now, but um it's that important. But we need somebody to hit it. Come on, Struggle Heart. You can do it. I think Struggart's going to win. He's on the right path here. If you're just rolling through the stream, smash that like button. We try to get back to the community. It'll grow and grow. Look, I can take this boss out now. just rolling around knocking these big bosses out. So, I've been grinding here mostly because I can just use the cooked fish that I got is basically potions [music] and that's how you take down these big bosses. Struggart won both. Struggart won both of the giveaways. Well, he got both of the prime minister won the first one, but he wanted it to go to
Struggle. So, Struggle Heart today on the stream has won a free $10 and whatever crypto you want. Just message me. It doesn't expire. Whenever you get around to it, hit me a message and I will make you sure you get paid out. [music] And with that, guys, I really do have to run. Unfortunately, I had something extremely important pop up, which I really wanted to do the members only stream. So, I do apologize. We'll see if we can do it tomorrow. Hopefully this very important thing doesn't actually spill into tomorrow cuz it might. All right, guys. Stay underground. Stay crypto. I hope you had a bunch of fun. Shout out to Struggart who won both giveaways gets a free $10. Hey, if he puts that in the right place, that could multiply. Let's see. Blues Guy says, "Thank you
for the stream." Absolutely welcome again. Stay underground. Say crypto underground crypto
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