The Wolf Of All Streets - Bitcoin EXPLODING To $110,000?! Altcoin Season About To ERUPT?

Episode Date: July 9, 2025

►► Sponsored by Aptos, check it out here: https://aptosfoundation.org/ Is altseason finally here? With Solana ETF odds hitting 99.7%, $31B in stablecoins waiting on Binance, and Bitwise calling ETH, SOL, XRP, and LINK the cleanest tokenization plays, we may be at the start of a massive altcoin surge. Plus, BlackRock’s IBIT just passed 700,000 BTC and ReserveOne is bringing Bitcoin to Nasdaq — the crypto market is heating up fast. Chris Inks will join us in the second part to share some interesting trades in crypto and beyond. Chris Inks: https://x.com/TXWestCapital ►► JOIN THE WOLF PACK - FREE Telegram group where I share daily updates on everything I'm watching and chat directly with all of you. 👉https://t.me/WolfOfAllStreet_bot ►► JOIN THE FREE WOLF DEN NEWSLETTER, DELIVERED EVERY WEEKDAY! 👉https://thewolfden.substack.com/ ►► Arch Public Unleash algorithmic trading. Discover how algorithms used by hedge-funds are now accessible to traders looking for unparalleled insights and opportunities! 👉https://archpublic.com/ ►►TRADING ALPHA READY TO TRADE LIKE THE PROS? THE BEST TRADERS IN CRYPTO ARE RELYING ON THESE INDICATORS TO MAKE TRADES. Use code '10OFF' for a 10% discount. 👉https://tradingalpha.io/?via=scottmelker Follow Scott Melker: Twitter: https://x.com/scottmelker Web: https://www.thewolfofallstreets.io/ Spotify: https://spoti.fi/30N5FDe Apple podcast: https://apple.co/3FASB2c #Bitcoin #Crypto #Investments The views and opinions expressed here are solely my own and should in no way be interpreted as financial advice. This video was created for entertainment. Every investment and trading move involves risk. You should conduct your own research when making a decision. I am not a financial advisor. Nothing contained in this video constitutes or shall be construed as an offering of financial instruments or as investment advice or recommendations of an investment strategy or whether or not to "Buy," "Sell," or "Hold" an investment.

Market sentiment is bullish as Bitcoin pushes towards $110,000, leading many to believe that new all-time highs are imminent. And we have some actual opinions and evidence that an alt season could be coming with crypto ETFs likely to be approved, and a lot of reasons to believe that money could flow into some altcoins. We're going to dig into that and more today with Tom Dunleavy and of course, Mr. Chris Inks on the back half. You guys ready?

I'm ready, let's go. How you guys doing? I had a couple accidental days off. I did not intend to miss Macro Monday, sadly, or yesterday's show, but had some travel and things going on last second that kept me from being able to do it. But I am back today and we've got an awesome guest, Tom Dunleavy, a face you've seen here many, many times before but has better hair today than in the past. We're growing it out, baby.

We're growing it out for a little bit. Just noticed it. Got the little front thing going on, very Jen, I don't know which Jen, is it Z that would do that? Yeah. What are we? As long as it's not died, right? Like what the, the yellow, the yellow.

Oh, you need frosted tips for sure. Frosted tips. I think that would be amazing. So listen, you know, nothing triggers anger like saying all season at this point, right? But I will bring up an article here. Bitwise calls each Solana XRP link, the cleanest plays as tokenization narrative builds.

And then we have a story that there are 31 billion stable coin surge at Binance, revives traders alt-season hopes. This is the highest reserve of stable coins that people have ever been holding on Binance, period. And generally you don't see a huge supply of stable coins sitting on an exchange slightly at risk unless people intend to use them. Right? Agreed. So to the first point,

there are a few plays that make a lot of sense when you're looking at stablecoins. So ETH, where most of the activity is Solana, which has a huge amount of growing stablecoin activity. Link I could see is supplying the oracles for a lot of not only stablecoins but RWAs as they continue to grow. So kind of get that. The XRP one I really just still don't get. I mean, it's more centralized than all the other providers. They only have 35 validators. They're slower. They run at like 20 TPS and they have a stable coin on top of them. But all these other stable coins have much more liquidity. So like that one I'm not really sure about. I think it's still like a banking meme coin, but the others totally make sense to me. I think they're great ways to play

not only stable coin adoption, but RWA proliferation in the next few years. So how do you think that you'll be able to play those as an investor? And proliferation in the next few years. So how do you think that you'll be able to play those as an investor? And does that actually have a trickle down effect to altcoins where we can see a true alt season? Yeah, so I think the alt season is certainly gonna be different this time, just given the amount of money that are coming that is going to come into Bitcoin, not only through the ETFs, but through sovereigns and through things we've talked about ad nauseam. So I think this altcoin season is gonna look a lot different. It's Bitcoin really raising the bar and then alt's probably playing at whatever,

the 30%, 35% level of total crypto market cap that they've played at, but at a much, much higher level than they were previously. Now, it's funny because Ethereum is one of those assets that you would think would really play along nicely in the stable coin and RWA adoption cycle. And you've seen a lot of people recently on Twitter and otherwise kind of turn around and start talking about Ethereum ready to pump, especially those who've been like uber bearish, even some like Bitcoin maxi-ish people on Twitter, which is kind of surprising.

And usually price sort of leads narrative in these situations, but it seems like the ETH narrative is really starting to flip a lot and the price has not really moved too much, particularly when you're having these huge amounts of inflows from these ETH treasury companies that are not being built out. So I'm a bit worried there, but fundamentally I think ETH is still really, really exciting here.

Chainlink, oh man, so hard to handicap. I mean, that thing has not moved for absolute years despite the Lake Marines really, really hammering the table. But even beyond the Lake Marines, I mean, there are really fundamentally incredible things that are happening with Chainlink, right? I mean, nobody has more partnerships and has more people adopting the technology to use it.

It's necessary technology for every single major, you know, use case of crypto should move. And it's down still 80% or so from all time highs. It's absolutely crazy. I mean, it just, it hasn't seemed to matter at all for the price of the asset. So, you know, we've seen a recent pumps late last year, I think it hit 32, but now it's sitting at 14.

And so, you know, in terms of like a speculative play and playing into the back of a lot of the things that are happening here, I think it's, it's fantastic. But man, for some reason, I don't know if it's because the asset's too big or, you know, if they're already too many holders or the tokenomics are just not what they should be, but for some reason it's not, not moved, particularly when it's even in like the bigger, you know, new mutual fund type ETF products, like these big guys like bitwise and others are building, it's in there. So like, I don't know why it's not moving.

It's making sense. Kind of nothing's moving. So I guess it begs the question, what would be able to move all altcoins at once, like a true old alt season, you know, better than anyone, how many things are still waiting to launch. Like this goes back to the old question of who's going to possibly buy the supply for all of the hype tokens that exist on this planet and are yet to exist on this planet, right? Because obviously we know there's this massive wave of institutional adoption of Bitcoin.

A lot of that is locked in the stock market and is now floating down to Circle and Coin and treasury companies and miners, right? Yeah. So we need, so we think about traditional markets who actually buys equities. There are a few individuals who buy equities. There are hedge funds who buy equities. There are mutual funds that you and I put in money directly

or through our 401k to buy. Then there are the folks who just throw money in like, a passive index and that index, say the S&P 500 or whatever buys those 500 constituent stocks and you buy individual equity. So like for crypto, we have like effectively none of that. It's all like discretionary traders saying like, hey, I wanna go buy Drift or hey, I wanna go buy buy Chainlink or hey, I want to go buy Ether Solana.

We're just starting to see that change with the ETFs. The hedge fund complex in crypto, the discretionary traders is still enormously small for what it would be versus like TradFi. So that area is going to continue to grow as the asset class grows. So we're seeing that a little bit. But what's most exciting is that mutual kind of like mutual funds, like institutional complex is now like really being turned on, not only through like these treasury fund companies that are purchasing assets directly, but through these like cool new indexes that folks are launching. So like, you know, the Coinbase product, like a bunch of the

Bitwise products, and it's not only that they're launching, but actually like the distribution mechanisms that happen downstream. So like, you don't have to be just an accredited investor and go to Bitwise anymore. Now maybe your RIA or your financial advisor or someone like that can actually just put you in that product. I was hanging out with one of my buddies the other day who's a financial advisor and he's like, hey, my clients are now begging me for this stuff. And I'm in a position, and one of the biggest RIAs actually said this, and thanks Edelman Financial Engines, that if I'm not talking to my clients about crypto

and actively recommending it in some percentage, I'm actually fiduciarily liable. I could be sued or whatever because I didn't give my client access to one of the best performing asset classes of the last decade, and I didn't even educate them on it. So those sort of flows are really exciting and all the new products, they I didn't even educate them on it. So like those sort of flows are really exciting and all the new products,

they're actually gonna buy some of these assets. Now that's like all the assets in the top 50, maybe top 100, like the real long tail, like 100 plus, I still think it's gonna be really challenging. So like me personally, I think a broader altcoin season is really gonna be hard to come by just because of like this meme coin phenomenon. It's just like maybe top 50 with the institutional stuff

and then the back half, which is all the crazy meme coin shit and pump top fun and all that, and we can talk about that. But then the assets from 50 to 500, I think you just need a really robust hedge fund complex to buy those things, and I just don't think it's gonna be there

for a decent amount of time. So the answer is what we have called alt season is never happening again. Yeah, so now we're saying there will be an alt season, but basically we're just saying select few alt coins will likely go up and maybe less than Bitcoin. That's my view. I don't think we're having like brawl,

like we're not having the season where it's like, oh wow, Bitcoin's up, whatever, 2X, and everything else is up 5X, like everything else, no matter what happens, because there's just not enough liquidity to actually make it happen at this point. There's just too many coins. We've talked about this at Nausium, there's 10,000 plus whatever, maybe 100,000 plus if you look at the meme coins. There's just not enough people who are buying these things, especially not enough to move them. So yeah, I think 50 to 500, like you want to fight to get into the top 50,

or you want to be like way out on the risk curve to try to like, to try to get some returns. But just way out on the risk curve, like random meme coin of the 24 hour, the flavor of the day, and then you move on with your life, or is there stuff that will find its way? Yeah, I think there potentially could be, right?

There could be things in that 50 to 500 that have some big product announcement, some big partnership, something like that that actually moves the needle. But some of this stuff still doesn't move the needle for these assets because they're already trading in the hundreds of millions of dollars worth of market cap. So you really need some groundbreaking event to make things actually move.

So that's where the edges still in CT, right? If you're still grinding, like you want to find those big events. You want to talk to the people who are talking about the big partnerships and see if there's anything actually that can move the needle, but it has to be big because if it's just big within like our crypto Twitter circles, it has to be so big that it's bigger than all of the other noise that's out there. So it's got to be exceptional to make them.

It's not like, oh, hey, we just partnered with Visa or whatever, or hey, we have a Google partnership that is just Google giving us some credits to run on their servers or something. It has to be something really meaningful to actually move the needle. I mean, I'll title. Altcoin season about to erupt all caps question marks.

So, and no, it's just a question. Sorry guys. I'm glad we put the question mark because it's question and it's all caps, but the answer is no, but that said, it's not like there's no VCs in this world who are trying to fund all of these projects that are coming online. I mean, that's not like there's no VCs in this world who are trying to fund all of these projects that are coming online. I mean, that's literally what you do. One of the big stories here on the block,

Bitcoin, Bitcoin Focus, VC Ego Death Capital closed 100 million second fund. I mean, that's a large fund. I have super FOMO that I missed their first fund. It was offered, it was a weird time, and I didn't get it done in time. This is Jeff Booth, Lin Alden, like, and only building on Bitcoin,

and apparently their first fund was insane. But I mean, there's still an appetite here, right? I mean, there's a hundred million bucks they've raised and they're not paradigm or A16Z, right? And you're doing this. So maybe talk about how you're even investing and what you think of people trying to raise money to make VC investments right now.

So you had a cycle in venture where you had this huge run up in 2021 and then anyone and everyone could raise as long as you made a few good investments. And it was really hard not to be able to point to a few good investments during that time period. All of those VCs who raised in 21, 22 are effectively out of capital and are now raising right now. Those VCs are having zero luck raising. When you're a VC, you're raising in crypto, at least,

not really from institutional players, but mostly from high net worth individuals, a handful of fund of funds in the space and others. And those guys have all have their capital tied up in previous funds. So like that whole cohort of like 21, 22 VCs, I think you're gonna see a huge, huge washout of those. Some of the bigger guys will still be able to raise but in much smaller fund sizes. And you've seen this from-

And a lot of their investments still haven't launched because they're waiting for the right time. It's crazy. Yeah, so if you look at like TVPI, which is like the total value of these assets, to go like just like if, you know, that haven't launched yet and haven't had an up round or whatever, they're still like decent, but the DPI,

like distributions back to the people who have invested is effectively zero now for the past five years. So if I'm not getting money back as an LP, I can't really invest in a new fund. So all those funds that launched in like 21, 22, they're like all gonna be gone. A lot of them community VCs, a lot of them smaller VCs. And again, some of the bigger guys will still survive.

So what does that mean for companies? It means like, we're not going to be having like these really shitty protocols that got funded by like 30 community VCs. And like you see, I've seen a ton of projects now that came out that like would have been funded in previous cycles that are just having no luck in the pre-CEDC stage. A lot of these are in like AI, particularly around like agents and things like that. A lot of them in D-Pen. A lot of them that sounded cool would have been funded in previous cycles are just not being funded anymore.

So the things that are being funded, a lot of them are not very sexy in terms of, hey, they're around stable coins, hey, they're around making better infrastructure and connections, which doesn't lead to really many sexy token sales or big TGEs. So like you haven't seen any in, I don't know, the past six to nine months. And I don't think you're really going to see a lot going forward.

The consumer landscape, which is what I think most of us are excited about, like, Hey, really cool consumer apps, whether it be, you know, poly market or whatever, pumped up fun or whatever, like there's a few more of those coming, but still most of the money is being spent in that infrastructure layer kind of connecting things. And like TradFi is only like saying, hey, you should invest more in these things because that's where like the exits have been,

particularly like to Stripe and all these others. And then that's where like they're pumping, that's why TradFi is pumping dollars in. So like, unfortunately it's like less speculative, more boring, and like, more infrastructure related. That being said, like, positive sign, no more l ones or l twos are really being funded, which is good. But a lot of the connective tissue and the stable coin stuff and the payments remittances stuff is

where like the huge amount of focuses in the space right now. It's funny, I somewhat said this guy has to be a Bitcoin Maxie. I just had to like, I laughed outside. You're literally like, you're literally a VC who invests across the space. But what does it say about the times that like, when a VC who's invested in like, I don't even know

how many projects you've invested in over the time is being called a maxi because of your opinion about this. Actually, your opinion is more valid because you're actually deploying capital and have money deployed. Yeah, I don't know, got 30, 40, 50 projects or something at this point, but yeah, I'm far from a Bitcoin maxi.

If you scroll back to any of the past episodes, you would see people yell at me because I was an ether or soul maxi or something. I mean, yeah, no, I think the hard part right now, if you're an investor is that like the Bitcoin train is like what Alden said is like, you know, not really stopping right now. So it's like, how do you attach on other things that have some tangible value that have incremental capital flows coming in? And that right now is like very, very obviously in like payments, remittances, and stable coins,

and RWAs more broadly. Yeah, I mean, BlackRock now has 700,000 Bitcoin and assets under management, right? To be clear to anyone who reads crypto Twitter and thinks that BlackRock is actively buying Bitcoin for themselves They're not the ETFs that they're custody or buying on behalf of their clients But still they've had effectively that much interest that they're custodying or I think with with Coinbase, but they're managing 700,000 Bitcoin Bitcoin traders starting to salivate as Bitcoin inches back toward 110K, hence the title there.

And then Reserve One aims for NASDAQ listing with 1 billion plus raised backed by former Coinbase tether execs and ex-commer secretary. I mean, this is huge. For this one specifically, I know Sebastian Beah, who's I believe the president of this, but it's pretty interesting because it's not just Bitcoin.

It's probably how most people who hold all coins would actually allocate their portfolio. You know, the majority Bitcoin, a bunch of ETH and Sol and then other selective assets for a treasury. But also, I mean, this literally has like the ex Commerce Secretary Wilbur Ross as a part of it. So this is going to be big. These are, Sebastian was the head of asset management. Coinbase pretty, right?

So I guess this begs the question, A, it shows obviously with that iBit stat, just how much money has come into the Bitcoin through the ETFs and that's not all season money obviously. But then that may be the new all season, which I keep saying is these treasury companies. That's yeah, the treasury companies are the new alt season. Blackrock actually makes more off of that one ETF than they do on their S&P 500 ETF because of the fee structure, which is like

absolutely crazy. It just gives them more push. And they're like, I'm sure if they see that, they're like, wow, how quickly can we do all these other ETFs for all these other assets? I think the interest is going to run out pretty quickly. But you are going to have folks who start to say like, wow, okay, now I know this money's coming in. Like let me start to build like some smart mutual funds of this money and then try to attract capital from all the people who are now allowed to buy it. Like literally a lot of these people are still not allowed to buy it or just starting to

be allowed to buy it. So still, it's still like a huge underrated little piece of it. Like literally a lot of these people are still not allowed to buy it or just starting to be allowed to buy it. So still like a huge underrated little piece of it. So what do you think about a treasury company like this that's expanding beyond just being a Bitcoin treasury company or just being an ETH company? Do you think that it'll gain extra demand or you think they'll get the maxi attacks? Yeah, I'm gonna, yeah, I don't know

if this is contrary or not. I think all of these treasury companies are like, really sort of stupid and like law of diminishing returns pretty quickly. Like I get like, I'm not sure if you wanted to invest in one of these things, why you wouldn't just buy like MicroStrategy who's been able to build like a full suite of Bitcoin products has like, a pretty strong staple in the industry. Like why would you invest in like, I don't know, pumps versus sailors or something like that? If you're doing a new novel, unique asset, great, Joe Lubin's the first one to eat, it seems. There are a few others who are fighting for it. Okay,

that's probably going to gain market share. But if you're the first mover on these things, they can gain money. But there's only a few assets out there that are going to have real demand. So like Sol, okay, great. Maybe XRP, I saw one with BND, there's one with Tron, I think too. So there's only so many of these. If there's a, I don't know, hyper liquid version of this or institutional investors or others who can only purchase equities or want exposure are going to be like, oh, I need to buy the hyper liquid treasury company. Probably not. So I think the law of diminishing returns is going to be like, oh, I need to buy like the hyper liquid Treasury company, like, probably not. So I think

these the law of diminishing returns is going to come pretty quickly for these things. Yeah, I got pumps newsletter yesterday, and it said basically they were trading at the lowest premium to nav, which made an opportunity, which may be true. I mean, is that how you analyze these at this point? Like one of them's trading at nine x the Bitcoin they hold one of them trading at one and a half, I buy the one that's one analyze these at this point? Like one of them's trading at 9X the Bitcoin they hold, one of them's trading at one and a half,

I buy the one that's one and a half, and there's a mean reversion and they all go to four or five. I still don't get why any of them traded a premium to NAPT personally. So I would bet on the opposite on all those spreads pretty much compressing. I would say the only one, MicroStrategy has, I think it's like a-

Such a lead, yeah. Well, it's like a 1.7X or something last time I checked to their- And people believe that MicroStrategy has, I think it's like a... Such a lead, yeah. Well, it's like a 1.7X or something, last time I checked to their... And that's like a leave that MicroStrategy is going to actually build a Bitcoin based business, become a Bitcoin bank or financial services, whatever it is. So I think that that's a justified premium

if you think that they're going to add value on top of it. I think it's Dave Weisberger always argues on here, he's like, look at JP Morgan stock or Goldman Sachs, They all traded a premium to their entire assets, like the assets under management or their total assets because they're offering a service that justifies that premium. Exactly. He's trying to build effectively like a Bitcoin yield curve. You can hold spot Bitcoin all the way out to this esoteric product using convertibles or whatever that, you know, we can have, and it could be a Bitcoin treasury. And we have the MicroStrategy name brand, which has some like intangible value to it. Fantastic. Like there's some premium there, but like, yeah, Bitcoin treasury company number 50. Like, why,

why do I care about that? Why do I need that? So I, I don't think any of these things have staying power, to be honest. I think it's a complete blush in the phone. Good business for the bankers though. So I have one of the companies that does these, I get a newsletter literally every morning like a new company doing this for, you know, we're either converting some of our existing holdings to Bitcoin or hey, we we're, um, you know, acquiring this company and converting to it like literally every day. So I think it's, it's like just the fad right now.

Yeah. Rand Nooner actually broke it down for me kind of last week on a podcast because he had seen so many of these decks. I've seen it as well. It was basically like, you know, if it's an Ethereum treasury company, you just transfer your ETH over. He looked at all the investors and it was all people who like are massive holders of eth. He was like you transfer

your eat from yourself to them. And then you reverse merge and all of a sudden you get a 10x or a 8x or 7x on the eth you had and you just take your money out and play with the casino's money because you're basically liquid already because the stock has reverse merge and you have the stock and you either go back to holding ETH or you buy seven times as much ETH or you just have a whole ton of cash. So this makes a shit ton of sense. Once again, I kind of keep saying this is like the ICO boom

of 2025. You're effectively finding a new creative way to print money out of thin air. But I don't understand like you said, if where's the demand going to come from and what happens when they go back to NAV or discount for anyone who actually buys the stock. Yeah. Like if you wanted Ethereum today, would you go buy the ETF or would you go buy like Aspet or whatever SharpLinks ticker is? I'm not sure why you'd go buy the crypto related equity versus just the actual actual asset

unless you don't have access to it, which at this point, almost everyone should. You know, you buy BMNR, which is Bitmine Immersion Technologies, which is the Tom Lee Ethereum Treasury company that went up 3800% in five days because of news that they were gonna buy ETH. I'm not even sure they have assets under management yet because I'm not sure that they've bought it. I'm not sure they've actually bought any ETH yet, but this just blows my mind because ETH is never going up 3,800%.

But a company that says they'll buy ETH and hold it went up 3,800%. Yeah, I mean, this is the kind of crazy stuff. It's like, when you think about like the nuts and bolts of finances, like, well, there's some projectable future value or growth rate you have for these companies. And like, what's the growth rate for a company that just holds a native asset? It's like the asset. And then you have all these other associated costs

with it. So I'm not sure where like the premium comes from, except like from something what sailors doing, or some like name brands. So like, not sure where like the premium comes from, except like from something what the seller's doing or some like name brands. So like, you could see all the name brands that are watching this. But then why are they trading at a premium? Like, why is it even happening? What black magic financial engineering

is allowing this to be a thing? Speculation, that's a speculation. Aren't those usually like, I don't think this is the top by the way, that aren't those usually like top signals when this complete nonsense, I think this is the bubble, but the early part of it, right? So, you know, yeah, agreed. I think this is the early crazy part of the ball and no one saw coming.

I do when people thought tried fire would get involved. I don't think anyone saw like, Hey, we're gonna buy a bunch of holding companies that hold these assets. So I'm actually surprised that underlying assets like Bitcoin, Ethereum, Solana haven't moved more though from these pretty big purchases. Like, you know, Sailor has been buying Bitcoin and at least some relative size for what, 30, 40 weeks. And then you have all these others that are buying it. And we're, I mean, we're still doing pretty well on Bitcoin, but we haven't broken through all time highs. So

like, can it get crazier with more of these treasury companies? Like I think we're still doing pretty well on Bitcoin, but we haven't broken through all time highs. So can it get crazier with more of these treasury companies? I think we're pretty close to the top of those. So there's got to be net new demand. And then the other assets in the top 50 are much smaller. So maybe more treasury companies for something, I don't know, like a move, like ETF or something like that. Or I'm sorry, move like that treasury. Even like these other smaller ones you mentioned hasn't moved the price, right? You'd think that if someone said, hey, we're raising a billion dollars to buy X asset,

that asset itself would go up a lot because that would actually, like a billion dollars would actually be a ton of demand for a smaller altcoin, right? That should actually be meaningful to the market, unlike with Bitcoin or even Ethereum, but it doesn't happen. Exactly, and it just hasn't moved the market.

So I don't know if the timing of these purchases is just like, you know, they're announcing it and they're purchasing it over time or later or quarterly or whatever it is, um, but it certainly hasn't moved anything yet. So I don't know, to put it on, and I think we're pretty close to the top of, of these treasury type companies because we're entering like cash grab season and people are just kind of cashing in on their name in my view for a lot of these. Totally agree. Tom, thank you so much for jumping on.

Tom came on last minute for us today. So you're always ready to go. By the way, what golf course is that over your shoulder? And did you get that on like Etsy? Cause my wife literally bought me two of those exact things years ago and I've never seen them otherwise. Yeah, it's Charles River Country Club here in Mass. So it's, they play two days of the Mass So it's they played two days of the mass amateur year

and then two days at the country club, which is more like the famous one. But yeah, I think I'm Etsy. Christmas. So yeah, that's so funny. That's, you know, the exact same way. I've never seen it anywhere. Yes. I was hanging and then a bunch of sports cards over here, which are coming back, baby. Let's go. I got I got a couple. A couple a couple balls up there. Yeah, I was a huge sports card collectors kid. All right, man. Thank you very much. Everybody give Tom a Tom a follow. We'll

see you soon. Quickly before we head on to Chris, obviously, we're going to talk a little bit about Aptos is our amazing sponsor here every single week of our lives as we reported it before. But now once again, Aptos RWA TVL surge 55% to 537.5 million, ranking third after Ethereum and ZK sync era. So tons of new interest on the chain. And here, as you can see, top three chains in RWAs, 540 million in RWA value,

55% RDB TVL increase real world Aptos as I mentioned, you know, Aptos really the cheapest, fastest, most favorable place for developers at this moment. And every week is just a huge new wave of news. I think if you're developing things building things in the space, Avery is an incredible, incredible CEO and leader. He's now officially on the committee speaking with the CFTC.

I think you should take a very deep look at Aptos. Chris, how are you buddy? What's going on, man? Dude, the flooding in Texas was near where you used to be, right? Yeah, I mean, it was just- I was looking and I was like, I know you don't live there anymore, but I know you did. Yeah, yeah, It was about, uh, I guess probably about an hour, just, um, which in Texas

is nothing. Uh, you know, just a little bit north of where I was. So yeah, cause I was living in Bernie, um, and that happened in Kerrville and just absolutely awful. And I've got, you know, it, there was flooding over there in Austin as well. Um, you know, new Braunfels, that whole area just, but now man, you know, a hundred plus people dead, still tons of people missing. Um, and then now you're here, you know, you've seen in Rio dosa, New Mexico, uh, you're seeing in, I guess, Arkansas and Oklahoma, uh, just floods everywhere. Just absolutely.

It's, it's, it's awful, man. Yeah, it's absolutely terrible. I will, you know, hopefully that will sort out and the rain will stop. It's just such a sad, sad story. I thought of you first as my you know, Texas, my guy in Texas, but I knew you're out of that area. Let's take a look at some charts though. Now, gotta take mine off. What are you thinking about the market here? We had this title Bitcoin exploding to 110. I mean, it's been kind of just a

Tempting fate right there underneath I think and a lot of people seem to get really bullish Is this one of those things where everybody's getting bullish at resistance or where you think we smash through it? Um, You know, I think I think it's a little bit of a toss-up here I think we get if we can get a impulsive breakout here above this This is the Bitcoin all-time history index here. So but if we get a breakout above that like 110 600 area Impulsive break out there. I would look here at around 1 1,400 or so and then 114,000 and if we continue pushing out through there, you know, I think we could see it up here around 120 122 is the next step up but

You know again this daily We haven't really got a reset on the daily here on the stochastic RSI RSI remains bullish as well above neutral so it's possible we could see just like a pump up and through here and then a pull back down toward this hundred and five three hundred five four area before we take So I'm, you know, I don't have like a definitive which way it's going to go there, but right now I am looking for at least to break out locally here and head up, you know, potentially toward, you know, just slightly into a new top new all-time high, maybe a little bit higher at least. So I mean, it'll be something, you know, again, the market a lot of times what we'll get, because we've been going sideways here

since back May 22nd or so. So, you know, we're looking at a month and a half of sideways here. And a lot of times what you'll end up getting is you'll get a breakout here to trap those breakout traders. And then you get a pullback. And then everybody's like, you know, of course, the bears like, Oh, look, we told you, we told you the top set. It's everybody tries to short and you get a pullback and then everybody's like, you know, of course the bears are like, oh look, we told you, we told you the top set. It's everybody tries to short and you get a pullback and you get enough people in there and then you turn them around and take it out the other way. So you're taking out your, you know, your overly anxious bulls. Then you're taking out the people who are trying to say, oh look, yeah, we, you know, it's going back down the tops in. And that just kind of really opens up, it of clears that that runway to really kind

of get price heading up iron sticks people where they become you know even those that maybe didn't jump in just yet now they're very confused and they're unsure so they don't they don't you know get those cells in there so price can really kind of move so that's what i kind of look at it but bigger picture here is we've got three waves down here. We stopped just shy of this swing high. So, you know, it's basically around June 9th, our time. And that's kind of around 110.6, somewhere right around there. So again, if we can get above that, that's going to lock that in as corrective right here. It does appear to be a spring based on this price action and volume in this range here. So again, get this move up uh you know

wouldn't be surprised to see a bit of a move up here pull back and go but definitely open to it to it just kind of going you know just ripping and going so we'll see it's been it hasn't been an overly boring summer yet um you know again we had this down to begin now we're right back up here near the all-time high so uh it could continue to get a bit more interesting as summer plays out. Yeah what else are you looking at in the context of this bitcoin exploring 210 000 alt coin season about to erupt all caps but question mark. Well your guest there I saw him talking about alt and you know he didn't think that that it's going to be the same old alt season we already had already you know that we always have.

And again, I've been talking about that since the Bitcoin ETFs came out in January of 2024. And then not long after, the guys over there, Bitwise, were saying the same thing, which is this idea that because of the way in which money is going to flow in now and how it's going to flow into Bitcoin, it's not that same, that same kind of cycling that we've always seen every cycle, you know, where you got the Bitcoin, then you go to, you know, mega caps and then large caps, mid caps, small caps, micros, and then back around. Um, and so, you know, again, I still think we get, you know, uh, some sectors probably popping out of there, but I'm, I'm'm I'm open to it to be what it's been in the past, but I just I don't see it happening

Still because so much money is concentrated there into bitcoin now. We are seeing some flows into into ethereum Which you know if you've been deriding ethereum for you know, a year or two or three now You know feel sorry for you. I've been saying that Ethereum is going to hit a new all-time high this cycle. I still think it's true. But as far as other alts go, usually I'm looking at a bit more mainstream alts where everything looks the same. I decided to look at some little bit different ones here.

This one really got my interest. This is M-I-R-A-I. I have no clue what it does. I'm still seeing Bitcoin up there for you. Oh, I'm sorry. Let me do this again. There it goes. That look?

Yep. All right. Yeah. So M-I-R-A-I. Again, have no clue. Don't care what it does. We're trading charts. But this looks like a nice clean downturn here.

We're getting support right around the S1 pivot here on the monthly monthly pivots. And if we jump into the weekly pivots right there at the S1 as well, the 12-hour has this nice bullish divergence from back here around June 22nd to this low. So I'm kind of really liking this bearish market structure coming off the entry here. So if we're breaking out above this 0.00666, that's going to break that bearish market structure. And usually what I want to see is not just a break of the market structure, right? I want to see a pullback after it breaks out some point and then a breakout above that point that broke out. It's good. So kind of like, you get the breakout, okay, so you break that bearish market structure, you pull back and then a breakout above that point that broke out. It's good, so kind of like, you know, you get the breakout, okay, so you break the bearish market structure, you pull back,

and then you break out again, kind of confirms that continued movement. So that's what I like to see. But yeah, if we're breaking out above that, I think, you know, the year, I'm sorry, this is the monthly pivot at.011 is an easy target. As a matter of fact, and if we're taking that out, impulsive breakout and close above that, I think we at least run to 32, well, I'm sorry, not 32 cents,.032.

And I think there's a pretty easy chance we hit.065 up here. So, you know, we're talking about right now it being at.005 and quite potentially hitting.065 or higher coming up on that. So that's one that I'm really kind of interested in right now. It looks prime to go. We definitely want to see some breakout here.

Let me see here. What else do we have? Oh gosh, I've got to get this chart set up over here. Let me see here. Here's another one I'm kind of looking at. ZBN, ZB, can't even say it, ZBCN. Again, looks really clean. Not just from the S1.

What was that? You don't know Zibikin? No, not really. But I like this kind of this area right here. So you've got this resistance, this resistance, the big push through it. And as I always teach, you know, traders, when you have this multiple hits of a resistance, and then finally, you'll get the breakout, usually you'll get a retest of that before it continues higher.

So that looks, you know, pretty close to what we've got right here. I think this is a good pullback. We're rallying up. Again, here on the daily, we've got bearish market structure off that swing high. So you really kind of need to get above this one right up here at the monthly pivot. So right up there around 0.0045743. But if you can do that, new all time highs incoming. Well, I guess, yeah, I wouldn't consider this. This looks like an anomaly or some nonsense over here. So I would look at this as the all time high up there. But you could easily just get everything else aside, just get a pattern target here, just measure this out.

Look for that point, that 1.618 and then the 200 so you could easily look at a 0.0145 target followed by 0.022 almost four there if it continues up higher so real easy targets to kind of get on there once you break out above this 0.0045743 area but really yeah just kind, just kind of opens it up there. So that's looking pretty great there as well. And PRCL here. Now this one a little bit different the other two. This one I think may be coming up to finishing up its move here. So I'm looking for potentially one more push higher here, maybe to 0.11.

It could go higher, but that's just based off the height of this pullback here. So like I just showed you in the other thing, just becomes a pattern target. But if we can get a rejection around there, I would look for a pullback down here toward this 0.0768 area right here around the pivot. And then I would just, you know, look, you know, I'd zoom into the one hour or something like that. Look for some signs of a reversal happening at this area. Look for a reason to go long. And this thing, you know, to carry, gosh,

how much higher up there? Probably. Let me see if we look at this. And again, that's if we get the reversal there, but potentially looking up here around, you know, 25 cents 33 cents going on there So, um, you know coming off of basically Eight cents or so that's a you know, a really great kind of run there for that So those are uh, you know, those are the three i'm kind of really uh watching at the moment here that are you know

Real mainstream and whatnot what you take on the idea of an all season in general, like those of the past? Yeah, again, you know, I don't think it happens. You know, I've been arguing that it's probably not going to happen since January of 2024 when we get the Bitcoin ETFs launched. And I don't see anything happening here that suggests that we're going to get a full on shoot monkeys in a barrel, fish in a barrel kind of thing all season. But here's the thing. I hate when, unfortunately, when new people come into crypto and that's all they're waiting

for and they miss all the opportunities to make money in alts that we've had already over the last year, even year and a half. So I think you watch the sectors as Bitcoin continues to push up here. I just don't see that same kind of cycling to the degree that we've had in the past, which means the whole idea of alt cycling as it has in the past with as much and But there's going to be some that I think are going to do really great. Some sectors probably going to do really great. We just need to pay a little bit more attention as they continue up. But overall, you know, total three has been bouncing here around that 800 and 850, 60 million, 60 trillion, whatever that is mark, billion, billion, that's it. And so, you know, it seems like, you know, again, that overall alts may be kind of bottoming out. So, you know, don't give up hope, but definitely be paying, you know, attention to, you know,

to the sectors themselves more so than maybe just alts in general to kind of catch the ones that are looking to break out. And you can jump on that. But proper risk management is what it's all about. Play the chart and take your small loss if it goes bad and don't worry about the thousand X's for every token you're holding. There you go. Exactly.

The consistency. I always say in baseball, you know who's going to get paid more than anybody else? The guy who can get people on base consistently. Because the more people you got on base, the more opportunities you have to score, right? It's the same thing in trading. You know, the more times you can lock in profit, the greater overall that your account's gonna rise versus hoping to get a, you know, a hundred X on this coin or that coin or whatever.

All right, man. Well guys, give TX West Capital a follow. You can track him obviously with all the things he has and on X. Otherwise, I will see you back tomorrow. Thanks, Chris. Take care.