Hello, everybody. Economic ninja here. We’re going to talk about crypto, the current bull run, and what is about to happen. And last night is a great example of what I want to talk about, a flash crash that brought bitcoin down to around $8,900. I want to send you some warnings and things that you can do to prevent your bitcoin being taken off the exchange. We’ve got four R articles.

I want to thank Dylan about this for all this. Dylan has written a book partner of mine on bitcoin and cryptocurrency, and he is going to be part of the live AMA that we’re going to be doing in about a week and a half. If you want to be part of the live AMA, it’s free to join. I have got him coming on as a cryptocurrency expert and a expert crypto trader that I have known personally for three years, and I have watched him crush it with his crypto calls.

Or maybe it’s about two and a half years that we’ve known each other, and he’s a friend of mine, and I can’t wait to share that. But there’s a lot of warnings coming. So first off, Dylan even wrote goes, you know, it’s normal to have pullbacks in a bitcoin bull market. We’re going to go over that story in a second. Often these are natural, but sometimes they’re due to possible unusual activity.

And I do understand this activity. I’ve seen it happen in my own two eyes. As a matter of fact, I know what it’s like to buy the book and have a whale come in. At one point, I was the whale that when you bring your bitcoin or a certain type of currency, it’s actually bitcoin onto exchange like binance. All of a sudden, a whale alert happens and everybody’s watching.

Why is somebody bringing that much bitcoin onto the market? He says here, and this is Dylan, the big idea is to not let these shakeouts cause you to sell your bitcoin, and this is why they want your bitcoin. He’s referring to institutions, and if you’re trading, you have to be on it and ensure you’re not taking on too much risk or leverage and have your strategy in place and the right entry exit points.

Otherwise, it can be harsh. He’s referring to stop losses. There are people that put stop losses on, and just so you know, I can see the entire book. I can see on level one and level two trading, which most people don’t even know how that works because they’re trading or using a platform like Coinbase or Gemini, and you’re buying just what it says it’s going for. Hey, it’s X amount.

Do you want it? How much do you want to buy? And most people don’t even know that you can get a trading account that allows you to do limit orders and limit sell orders. These are very important. When you get more into advanced trading, you learn about stop losses, you learn about shorting the market. And there are ways to make money going up, and there’s ways to make money going down.

We’ll talk about that in the AMA because we want to warn you and get you set up, because quite frankly, people’s faces are going to melt off when they see how high bitcoin goes in this current cycle, the one we are experiencing. Okay, so let’s dive into the first stories. This is pretty interesting. We’re going to talk about the price of bitcoin that affects all these altcoins and all of the retracements that jumps up and then the drops during a bull run.

They can be very gut wrenching. I’ve seen bitcoin drop 20% in a day, and then my altcoins drop even more only the next day or two to move up. We are in an up cycle, an uptrend for crypto. Okay, so here we go. This is out of blockworks story entitled Bitcoin price often drops 20% in bull markets, but it’s becoming less frequent. I’m just going to jump ahead and say it’s because of adoption.

There’s more and more people buying, there are more exchanges, so there’s more liquidity. However, institutions actually want to steal your bitcoin, and they’re going to do things like negative press releases, negative news cycles. They’re going to do flash crashes. They’re going to figure out a way when a bunch of people have their cryptocurrency, the stop losses, they can look and go, it’s time to trigger those stop losses.

Let’s put a handful of dummy trades in, fat finger this thing, and then gobble up all of those stop losses. Okay, this is a very real thing right now. There are institutions that want bitcoin, very wealthy people that want bitcoin, and they want to own it and not let you have it. They’ve figured out that the code set up to where you can’t fake a bitcoin. So it’s become very, very valuable to them, and they’re going to stop at nothing.

To be able to grab it all up. Okay, I know this sounds like a little conspiracy theory. Type one, if you understand what I’m talking about and agree. Type two, if you think I’m just a nutball, it’s okay. We could still be friends. But I won’t give you any bitcoin secrets. Says bitcoin would be in a bear market going by old world definitions. Luckily, they don’t apply well to crypto.

A parable of legacy finance says that bear markets start when a broad index of stocks, say the S and P 500, sinks 20% or more from recent highs. Bitcoin is practically the exact opposite of something like that, like the S and P, but it has done exactly that since the spot bitcoin ETF went live earlier this month. The price of bitcoin briefly hit $49,000 moments after BlackRock, Fidelity and eight others launched their fund, or their funds on January 11.

Twelve days later, bitcoin changed hands for $38,000. That’s a 21% drop. It was really a sell the news moment, wouldn’t you agree? Anyone holding spot bitcoin ETFs since they went live are well in the red. The timing of bitcoin’s recent correction is unfortunate, and it may even be the result of grayscale losing the management fee war. But drops of this magnitude are common in bitcoin bull markets. This would be the fourth pullback of this size in our current cycle.

Now, it says here, analyzing daily bitcoin price movements shows similar retracements occurred in March, June, and August of 2023. Bitcoin’s price has still doubled its lowest point from last year. There have been six bull cycles in bitcoin’s history, not counting the 500 fold explosion in the highly eventful two years following the Genesis block in 2009, which includes the rise of influential platforms like Silk Road and Mount Gox.

Today, those are gone, and we have Coinbase, Gemini, finance, things like that. And I’m going to warn you about something else that’s coming in this bull run that happens every single bull run in a second. And we’re going to talk about a crypto project going down, and probably both. You’re going to see a scandal through a crypto project that’s well known. Then you’ll next see an exchange go down.

Okay, this happens every time we see a big bitcoin price rise, it says. In fact, the length of the time between 20% corrections is increasing over time. They happened once every 64 days, on average, during the 2015 to 2017 bull market. Which time ballooned up to 8900%. I was involved in that one. And I’m telling you, I learned a lot about emotions when it comes to trading. I learned the hard way real quick and I snapped out of it and I made good money.

Okay, I’m going to tell you right now, I am not selling any of my bitcoin until a certain time, which I believe is going to be mid May to mid June. And then I will be taking a bunch off the table. And that’s why I’m excited about this live AMA with a bitcoin author and expert and a crypto trading expert that I know personally. So I know what kind of percentage he’s making and he has no problem throwing his calls out on X.

As a matter of fact, he called the bottom of bitcoin the mid 15,000 range. When a lot of other professionals are saying, no, it’s going lower. He called it. He nailed it. He timestamped it. The tweet don’t lie. The X post doesn’t lie. So if you want to be a part of that, what I’m going to do is put that link down below of the newsletter. Sign up for the newsletter and the email goes out tomorrow, I believe, or tomorrow evening.

With the date and the time of this AMA, I’m really curious how many people are going to show up for this. We’re pretty excited. The next cycle, it says between 2018 and 2019 felt comparable shocks every 73 days, around the same frequency as the 2020 2021 run. Bitcoin more than tripled in about 200 days, from 4100 to nearly 12,800 to start the decade. Can you imagine taking advantage of those gains? Then on the flip side, when you see the charts topping, forming a topping pattern, shorting, there’s a lot of money to be made, okay? But the thing is, you’ve got to do it right.

And you’ve got to be prepared to weather through all of these scams, too. Just like there are people that want to take your money in the comment sections here, they’re calling and scamming you. They’re emailing and scamming you. Everywhere around, there’s thieves that want to steal from you. And the crypto scams are getting insane, right? That’s why I like to stick with well known exchanges, well known whitelisted addresses, the proper security for my phone, the proper security for my devices.

We’ll talk about that on the AMA. We’re going to give you all this information because I don’t want you losing money. Don’t want you falling for scams. You’re just curious. Real quick, hashtag bitcoin. If you own bitcoin right now, as a matter of fact, do me a favor. I’m just curious how many people are on this live stream right now that we’re talking about. Crypto, actually own crypto.

So just hashtag your favorite crypto down below. I’m just curious what you’re following. And we’re going to try and make more content for you now. Let’s dive over to this next story. And this is about the flash crash that happened last night. I think it’s very important because, well, here, let’s just dive right into it. This is out of decrypt Co. Again, thank you, Dylan, for this info.

Bitcoin flash crash below $9,000 last night on Bitmex prompts unusual activity investigation. Now, BitMex, it’s a big exchange, been around for a while. It says the crash lasted a few minutes, but was followed by a short panic episode that caused BTC to drop near 7% on the global markets after the news spread. It says that huge red candlestick showing bitcoin crashing 80%. This is not a joke. This stuff is real.

They’re going to say it’s a fat finger. I have a feeling when we look at the volumes of bitcoin that were purchased during that crash, whoever did this or the group made a lot of money, bought a lot of bitcoin because a lot of people in the middle of the night aren’t watching their trades. They’ve got stop losses on and they just got taken out. Says bitcoin experienced a sudden and significant flash crash on the cryptocurrency exchange bitmex.

Late Monday, the price of BTC plummeted to as low as $8,900. Hey, just curious, type one, if you had the opportunity to buy a bitcoin for $8,900 or any bitcoin for $8,900 right now, would you do it? Just type one. I’m just curious how many people would have done that in type two, if you think, or bitcoin’s nutball, why would you ever want to own bitcoin? You could do that too.

You could type two if you want. I get lots of people when I talk about bitcoin, they just get angry. I would never buy, it’s a scam. Like, yeah, don’t buy it then. I don’t know how to talk to people like that. They don’t even take the 20 minutes to go. Well, what’s the deal. How can you not fake a bitcoin? It’s crazy. The rapid descent began around 2200 hours UTC, and within just two minutes, prices had fallen to their lowest level since early 2020.

This abrupt drop had followed by an equally swift recovery, with prices rebounding to $67,000 within ten minutes of the drop. Throughout this volatile episode, BitMex’s spot market BTC’s global average price remained around 67,000. But the discrepancy has led to speculation among market observers about the causal crash. Let me tell you what I believe is about to happen. I believe in this next run, or if bitcoin starts to, all the charts start to show that bitcoin is trending down.

It’s in a reversal, and it’s trending down. It’s hit its peak. I believe you’re going to see two or maybe three exchanges have a flash crash within minutes. And on the right exchanges, with the right amount of bitcoin volume going on, it will affect the worldwide bitcoin price. You see, a lot of people don’t understand this. When we’re talking stocks, there are only a handful of stock exchanges, right? Only a handful of countries have an actual stock exchange that is live where other people from other countries can trade on it.

Very rare. Okay. Very controlled. Crypto is not like that. It’s actually a good thing because there’s so many exchanges out there when something happens like this. Well, guess what? None of the other exchanges are having a problem. So we’re not freaking out over here. That’s a good thing. The powers that be actually don’t like that. They want to regulate it and put it on just a couple of exchanges so they could scare the piss out of you, get you to sell your crypto, and then, weird, a couple of years later, let me give you an example.

When gold was purchased back from the government, they said, we’re setting up an executive order. You can’t own gold, and we’re going to give you a certain amount of time to send it to us, and we’ll pay you the going rate for it. Only about 10% of the nation was honest, which I think that was lunatic, that they did it, and they handed it in their gold, and the government bought their gold, and then the government, well, guess that was all the people that are law abiding.

Because remember, laws are only for law abiding people, right? Criminals can just do whatever the hell they want. And so then they reset the price, like 50% higher. So everybody that was honest and like, oh, I’m going to conform, right? We got a handful of conformists out there right now I think are nutball, but hey, whatever. And they missed out on that massive price appreciation. Well, that’s what wealthy individuals and funds, blackrock and all these companies, they want to deal with bitcoin.

They’re going to figure out a way of getting all that. They’re going to get it, and then they’re going to control it and then watch what happens to the price. I think there are people that are absolutely crazy to sell their crypto, although I will be selling some in a special way. As a matter of fact, you can, in this day and age, just like wealthy people, not sell your crypto.

You will borrow against it, so you get to keep the asset anyway. Sorry, it’s a whole nother topic now. It says, in response to flash crash, BitMex released a statement on social media saying they’re investigating potential misconduct by traders on our bitcoin USDT spot market. The exchange tweeted, the BTC sell orders this morning were simply too big and frequent for independent market makers. Let me stop, actually, and go back to this whole selling my bitcoin.

When I said I’m taking money off the table, I’m taking money off the table that I’ve made in profits, and I have a core position that I will never sell in bitcoin. And when you’re trading, this is what I believe, this is what I would. I do when I make profits and I want to spend, I want to buy some fiat currency and go buy a house, or I want to go buy a car, or I want to go on a vacation.

I do that, but I do what’s called stacking Sats. I take a percentage of my profits and I put it in bitcoin and I put it away, hidden away out in the metaverse. So meta. And when people learn that strategy, I know a lot of very wealthy people that have been just trading, taking their profits, putting it a bitcoin. Putting it a bitcoin. And they keep that core position out in the market, and they’re usually doing altcoins because there’s so much more volatile, so much more opportunities to make big gains.

We’re talking. I’m not joking. Trades should average between ten and 20% in a 30, easily 30 day period. I mean, we’ve seen 10%, 20% trades in a day right now. Do you see losses? Yes. Have I have more wins and losses? Yes. I don’t talk about it a lot. I just really haven’t the channel started with me talking about crypto because I was really into it and I still am.

But what I’m more concerned with is a lot of people about to get robbed, about to get con. So that’s why we’re doing this live. Ama, if you want to check it out, there’s a link down below for the newsletter and that email will go out tomorrow. All right, one more story I want to go over. And this is ETF outflows. And this again from Dylan. You’re awesome spot bitcoin ETFs hit negative flows as GBTC sheds 642,000,000 in it a day so this is going to explain why this OD guy throw trash on the ground.

The heck’s your problem? I don’t understand humans these days. He’s got trash in his hand. He’s walking into his car 2ft from his car, he throws a trash on the ground. Look, I’m not a tree hugger, but it’s like, gosh, I don’t get it. But these are the people that are going to lose everything, people that aren’t considerate of others. Sorry, this is going to explain. This story is going to explain why the wealthy want your bitcoin, says Grayscale’s GBTC has just notched its largest day of outflow since its launch through ETF analysis or, sorry, analysts are optimistic that BTC ETFs are only just starting to gain momentum.

Remember earlier today I did a story? The world’s largest pension fund just announced it’s out of Japan. They’re looking into investing in bitcoin. You have not even seen what’s about to come in the price, all right, more than $640,000,000 worth of bitcoin flowed out of crypto asset manager Grayscale spot bitcoin exchange traded fund, or ETF, on March 18, marking the largest day of outflows for the fund since its conversion to a spot ETF on January 11.

Grayscale notched a total of 642. 5 million in outflows on March 18. At the same time, inflows into Fidelity’s bitcoin ETF, the second largest fund, stumbled to just $5. 9 million, its lowest day on record, according to data from far side investors. Both led a net outflow for spot bitcoin ETFs of 154,000,000. Several market commentators have pointed to slowing bitcoin ETF flows, the upcoming havening event in the United States and the United States Federal Reserve’s Federal Open Market Committee meeting on March 20 as justifications for BTC’s depressed price action.

Over the last few days, however, other analysts have shared an optimistic outlook on bitcoin ETF flows moving forward. Commenting on the interview on X, Bloomberg ETF analyst Eric Balchunis man, how would you like that name? Hi, I’m Balchunis. Dang. We’re going to comb the desert for Baltunis. Sorry, that’s the first thing I thought of. Tell me what movie that’s from, man. I ain’t seen crap aligned with what he has been hearing from Bitcoin ETF fund issuers that the only handful of early adopters had been picking up a meaningful allocation to spot bitcoin ETFs.

He says. So far it’s only ones into BTC already and they are a handful of early adopters inquiring, then making allocations. What he’s telling you is that this has only begun. We’ve seen a massive amount of money pushed in, he says. These are people that understand bitcoin already. Wait until in about four weeks we’re getting into the happening when it’s all over the news, how many people and there’s a way, and my friend is going to show you this when we see that we’re at a top.

There’s a special thing that happens on Google Analytics and the Google Play store that shows you the fever pitch of people that are about to put money into it. Make sure you ask that question on the AMA look, I’m going to jam the links down below for the newsletter. It’s free to sign up. It’s going to keep you abreast of what’s going on on the channel. All my videos will be on there.

And then again tomorrow night Dylan pushes out the email with the date and the time and the link or the free live AMA. Myself, professional crypto trader, and Dylan, a bitcoin author. Hope you guys have a great day. The economic ninja is out. .

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