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My Bitcoin and Crypto Portfolio Is Hurting... | CryptosRUs | YouTubeToText
YouTube Transcript: My Bitcoin and Crypto Portfolio Is Hurting...
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Summary
Core Theme
The cryptocurrency market, particularly Bitcoin and altcoins, is experiencing a significant sell-off driven by broader market panic and a shift from risk-on to risk-off assets, but historical data and improving regulatory fundamentals suggest a potential turnaround is imminent.
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Welcome back. So, today was another
brutal sell-off day. Uh, Bitcoin is
sitting right around 86,000 as I'm
recording this and alt took another dump
today. So, what happened today? And is
there any light at the end of the
tunnel? Are we going to flip back above
anytime soon? We have two weeks left of
this month. Do we have a chance?
Let's look at it. So, first things
first, looking at Bitcoin, it's right
above $86,000.
Now, according to some analysts,
this is right around, you know, a
support level. If this breaks, then we
could possibly go to 80 or 82. But right
now, we are holding and we're slightly
below another
support line, which is about 87,000,
right? And this happened immediately
upon opening today after Wall Street
opened. Basically the dumping started.
Okay. And overall if you look US market today
today
yeah it's just look at NASDAQ not good.
Right now people are rotating okay from
risk on assets to risk off assets. And
it's not just crypto. AI, a lot of you
guys know AI plays have been selling off
like crazy. So, Wall Street right now is
just very panicked right now. Just like
retail investors, we see a lot of
dumping again. Risk on assets being sold
for risk off assets. And that's exactly
what's happening. And even though we do
have giant whales like Sailor that is buying
buying
it seems like billions every week, it's
being offset by Wall Street and Wall
Street Wales that's been unloading
2.7 billion in Bitcoin unloading and
it's overshadowing the buying from
retail and from strategy and others.
Right. Right now there's just so much panic.
panic.
But will this come to an end? Do we have
anything going for us? Well, tomorrow we
do have a big jobs report that could
certainly turn things around. If the
jobs report come in lower than
expectations and showing that the
economy is doing worse than expected,
that could actually drive us up because
right now there's not a lot of hope for
a rate cut in January or many rate cuts
in 2026. But tomorrow's jobs number can
definitely turn things around in a big
way if it comes out to be pretty
horrendous. So we do have that to look
forward to and also we do have inflation
reading on Friday. But I found something
that is quite interesting that shows
that tomorrow could be the start of the
turnaround. Anyways,
look at this. December bottoms on
average right now going all the way back
to 1950
and going all the way back to 2024. So,
how what is that? That's almost 74 years
of data compiled average together. Guess what?
what?
Where does it bottom? the 15th today,
right? And you kind of look at it, you
know, our current trajectory is similar
because usually it shows that it tops
out about the eighth, right? We topped
out maybe the 10th this time, but so are
we going to see that? See, this is what
happens afterwards. Look at that. After
you get that slight local bottom, you
rally until the new year.
So, if you're looking for some opium,
this is it. This is what I could find.
And this is a good one because it shows
74 years.
Okay, 74 years averaged together. That's
about as much data as you can get,
right? So, tomorrow we have the jobs
report. And if that turns out to be bad
and chances of a rate cut goes up in
January, we can certainly flip around
and we know the market is so oversold.
Bitcoin is oversold, cryptos oversold,
AI now is oversold,
okay, cryptoreated stocks oversold,
trading platforms oversold, basically
even big tech oversold. So, we can
certainly turn around in a big way,
right? Let's not forget, I know it may
be a moot point, but let's not forget
that the fundamentals
are still good.
Case in point,
uh what's going on with regulations,
right? We have the genius bill. We're
going to have the clarity bill. the SEC
have eased up really I think it's more
than 60%. Nothing is really considered
security anymore, right? And SEC is
allowing so many things to come back to
the US like staking for example, DeFi,
self-custody wallets. Those things were
all considered
securities by the previous SEC chair.
Not anymore. Mains are nonsecurities as
well, right?
and you have a whole bunch of ETFs now
coming to market all because of the
eased up, you know, stance from the SEC.
Same thing with CFTC.
So, this is part of the fundamentals.
It's so much better now, right, for
crypto. And even though macro conditions
is scaring people right now, but if you
think about it, we're in a much better
situation now than ever. And if the
money flows back in and we turn around,
just imagine how good the run is going
to be.
Okay, so that's the only thing I could
say right now, guys. A lot of people are
super depressed. I could tell looking at
my video this morning, a lot of people
didn't like my bullish stand. didn't
like my title, just doesn't like to stay
positive. But I remain positive even
though I don't like seeing the charts go
down. I don't like to see Bitcoin at
86,000, nor do I like to see soul at 126.
I don't think anyone does, right? But I
know we will turn around. It's a matter
of when, not if. and with the great
fundamentals and charts that are saying
that we are at a bottom. We're at as
fearful as bottoms of crypto winter. We
are seeing capitulation like bottoms of
crypto winter.
And there's so many other metrics that
show we are equivalent and as oversold
as bottoms of crypto winter. I know we
will turn around. We may have to wait
longer than expected, but I'm staying
put. I'm not going anywhere. And
hopefully most of you guys are also
staying put. I know it's a rough patch
right now. It sucks. We have seen this
before, though. And we will get through
it together. So, stay strong, my
friends. I'll see you guys tomorrow,
8:30 a.m. Central Standard Time. All
right, have a good one. Take care. Bye-bye.
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