00:00Bitcoin was below $80,000, and now the biggest debate of the next level is $75,000 or the correction
00:10was just a temporary dip.
00:12Peter Schiff has given a statement that if it was $75,000, then Bitcoin investors could be a very long
00:20weekend.
00:21Now this weekend is not a very long weekend, but this weekend is a negative term.
00:26And with Bloomberg and Mike McGlone, he also said that don't fight the Fed.
00:36So, what do these statements mean? Why is Bitcoin so high? ETF investors have a big difference?
00:44And what do you want to see on the next levels?
00:47We will cover all these things in this video.
00:51First of all, let's talk about price.
00:5426 October, Bitcoin was below $80,000, and it was below $79,226.
01:03After that, it recovered $80,000, but this level is now a very important level.
01:11How do you know?
01:13This is not a psychological level, because investors are a big support for investors.
01:20If you have an asset to this level, many traders have to cut their positions.
01:26This is a big problem.
01:28Now, the biggest question is, where is this?
01:31Where is the biggest factor?
01:33This is the biggest factor in the US spot Bitcoin ETF.
01:37For the Farsight investors, the investors have been below $635,6 million.
02:14And after that, if you have been below $137,9 million,
02:14if you have been below $50,000, then you can buy the fund managers to buy Bitcoin.
02:17You can buy Bitcoin.
02:17This is the market.
02:19There is a big pressure on the market.
02:19But one more thing is, there is no negative.
02:23The whole month was not negative.
02:24From the Farsight to the Farsight.
02:26From the Farsight to the Farsight, in ETFs,
02:27it was about $1.077,000.
02:30Then, the Farsight to the Farsight.
02:53But the number will be amazing.
02:54But with the gold level of $iertary bezwah with over $35,000.
02:56Enter all $ Rakuten.
03:00In Bitcoin, it'll vary from $420,000.
03:03Think which is important in $75,000,
03:06andrill have to bring down $75,000.
03:10Since Bitcoin is one of not affinions to any investors,
03:14then they will leverage its big market?
03:14Bitcoin 24 hours and 7 days trade, but American spot Bitcoin ETFs stock market
03:19listed are listed. This is why they are only market hours. If it is Saturday or Sunday
03:25Bitcoin will give it, then ETF investors can't buy ETF shares directly. You have to
03:31carry forward on Monday and wait to sell off on Monday. This is why in the weekend
03:38price will be more risky for ETF investors. They will not be able to exit on Monday,
03:44and in the next week, the selling pressure will be more likely.
03:49Now, the second name is Mike McBlond. Bloomberg Intelligence Senior Commodity Strategist
03:58Mike has said that don't fight the Fed. This is the biggest lesson of the Fed.
04:04In addition, Bitcoin, gold and copper, high beta assets, Fed's policy,
04:10policy, is very sensitive. If you understand it, the Fed is American central bank.
04:16When the Fed increases interest rates, or the liquidity, or the flow increases,
04:22then it increases the risk assets. Now, Bitcoin is also a risky asset.
04:27It is also a risky asset. So, when in the global markets there is uncertainty,
04:31then investors first remove risk assets. Now, McGlone has one more data point.
04:37It's about the iShares Bitcoin Trust, iBIT volatility, iShares 20-plus-year treasury bond ETF,
04:49which means that the price movement is more risky and more risky.
04:55This also says that the EBIT to TLT ratio is rolling over.
05:03This means that the Bitcoin ETF's relative strength is more than a warning signal.
05:10But, Maglone is not just a crash. He says that the US treasury bonds leverage long positions
05:16and Bitcoin short positions can be a potential move of a lifetime foundation.
05:22That means that the Bazaar has been so much positioning,
05:25that there is a big reversal also. This means that the price will go up,
05:29but this means that when the traders have many traders in one direction,
05:35then there will be a big movement.
05:38Now, let's talk about sentiments.
05:40Crypto Fear and Greed Index, 26 October 50, which is a neutral zone.
05:46One day before, this was 54,
05:48which was 54.
05:49In the market, there is no panic.
05:51But, the confidence is still not.
05:54Some Bitcoin-specific trackers have also shown the fear zone.
05:58This means that the retail investors are growing up.
06:03Now, when the fear is growing up,
06:04the volatility is also growing up.
06:06This means that the short-term volatility is growing up.
06:09The most important question is that what will happen next?
06:13The first level is $80,000.
06:15Bitcoin has to be ticked on it.
06:17Then the short-term recovery.
06:19The second level is $82,000.
06:22For the annuals, Bitcoin will be stabilized to the short-term outlook for $82,000.
06:30The first level is $78,000.
06:34The first level is $78,000.
06:35The most important level is $75,000.
06:37Peter Schiff has highlighted it.
06:39If it's $75,000, then the market sentiment is negative.
06:43But, Shiff and Maglone, both Bitcoin are bearish.
06:48Shiff is a long time.
06:50They criticize Bitcoin.
06:52And Maglone has also talked to a severe bear market for Bitcoin.
06:56So, it doesn't have to be absolute prediction.
07:00But, the risk scenario is risk.
07:02Whether Bitcoin is $80,000,
07:06we'll see their market and the stocks will be $75,000.
07:13It's available to two possibilities.
07:14The avoidance of Bitcoin will be $80,000.
07:15The price, demand, and supply, will be $80,000,
07:18The price of Bitcoin and cryptocurrency will be $80,000,
07:21which will be $80,000,
07:22which will therefore cost $95,000,
07:25which will never be $70,000.
07:26Which will become $80,000.
07:27which will be $80,000-$50,
07:27which will happen twice.
07:28Therefore, if you will buy coins or crypto markets,
07:29If you invest in price charts, see ETF flows and macro data.
07:34And the most important thing is,
07:35your risk capacity based on your position.
07:38Because in this market,
07:393-5% of daily movement will be normal.
07:44There will be no shocking news if it will be 3-5% of the movement.
07:48So, first of all, financial advisor.
