Episode Details
| Title | Can Crypto Bounce? | 1000x |
|---|---|
| Date | 8/21/2024 |
| Podcast | 1000X ↗ |
Key Insights
Bullish:
- 🟢 $BTC - Anticipating genuine flows in September and the potential impact of Kamala's presidential run being unsuccessful.
- “I do think there are genuine flows that are gonna come in in September. I think an additional point that I didn't consider back when I first saw this because I didn't know Joe Biden was gonna step down is that Kamala has decided to step up and try to run for president, and Kamala's having her deSantis moment.” - Avi (0:00)
- “I do think that as Trump odds go up, as we pass Jackson Hole, as we get closer to September, you start to get you you start to get inflows into into into BTC. Now BTC has actually been lagging equities. Equities have retraced the entire sell off. BTC, not at all. And so you have to ask yourself why, and it's because there are no, like, real allocations right now. And also, if you look at open interest, if you look at funding, it's all come off. It's all neutralized. People are starting to short, and everyone that I talk to is sidelined. People have raised cash. And so the moment this thing starts to go up and get away from them, I think all the shorts cover. I think all of the cash comes in from the sidelines, and we're back at 70 k quickly.” - Avi (0:00)
- 🟢 $BNB - 🔒
- 🟢 $WULF - 🔒
- 🟢 $HNT - 🔒
- 🟢 $CRYPTOAI - 🔒
- 🟢 $TRX - 🔒
- 🟢 $MEME - 🔒
- 🟢 $PUNKS - 🔒
Bearish:
- 🔻 $LAYERTWO - 🔒
- 🔻 $ETH - 🔒
- 🔻 $LAYERONE - 🔒