Ethereum Just Got FLIPPED And Crypto Twitter Is Silent

First, we open with a crypto confession that will make you cringe. A listener made $450,000 during the peak boom, blew it on an e-girl and a lifestyle he couldn't afford, then longed Bitcoin at 10x with $40,000 and got liquidated at $93,000. He's now $30,000 in credit card debt and his girlfriend still doesn't know he's broke. We break down exactly where this went wrong and why chasing the high after a big win is one of the fastest ways to lose it all.

Then we get into the current state of the market. Bitcoin dropped below $60,000, sitting at $59,334 as of this recording, roughly 50 percent down from the all time high. We talk through why this isn't a flash dip, what the PCE inflation print at its highest since 2023 means for rate cuts, why ETF outflows have hit around 6 billion in the last 30 days, and why we think the market bottoms out around mid October. We also cover where we think spot bags make sense right now versus where leverage becomes dangerous.

Finally, we get into a number that might surprise you. USDT has overtaken Ethereum for the number two spot by market cap on CoinMarketCap, and the two are locked in an extremely tight battle for that position. We break down what that shift says about where we actually are in this cycle, plus a rundown of where altcoins like AVAX, LINK, and Jupiter are trading right now compared to their highs.

👉 Leave a review on Apple Podcasts
👉 Listen and rate on Spotify

Nothing in these podcasts are financial advice, just banter and vibes. Stay safe out there.

Join our Discord – hang out with the community, share plays, and stay ahead of the curve.