 Great. Welcome to the last ad news. Take a stop stories and crypto bite-sized pieces all that good stuff So today there's a lot of stuff to go over. So let's just jump right in because we're gonna go be here quite some time First I want to talk about a little stress reduction. We're talking about the market recap We're gonna take a look at some on-chain data and see exactly what's going on Next we're gonna talk about how Bitcoin miners are moving their Bitcoin proceeds in mass to exchanges And if you don't know what that means not good usually Next we'll talk about a macro perspective We'll take a look at what's going on in the macro world outside of our bubble of crypto and talk about how GDP is looking to Get on to a crushing 0.0% in Q2 2022 And also we'll talk about 3ac liquidity freeze and I want to talk to you also about how you could if you beat me at Something I'm gonna have you on my show. So let's do all those things. But first, let's get into a little stress reduction So I've seen a lot of things a lot of people not too happy. I can understand that why I mean if investing was easy and You know, it's make millionaires everyone would do it and everybody would be a millionaire But you knew it wasn't gonna be this easy. So there's some things you can do as far as Stress reduction now. We'll say one of those things. I'm not gonna go over all the things like meditation and working all that stuff That's up for you to decide but for me it goes like this. This was a pretty good Representation of some people right now and it was called Bitcoin maxis right now with their sats in cold storage And doesn't this kind of feel like this like when you have your things in cold storage And you hear about all these these rug pulls and things are going on with different platforms You're like, yeah, well, at least I did what I was you know Was supposed to do and I was very careful. No, I missed out on some some potential gains here and there But it was super risky and of course we talk about those things in the bull market But of course his bear comes along like man, maybe I should have done all those things and here's and that's just lessons That's just lessons to go through. It's not like It's the end all be all Let me ask you a question Are you relatively healthy? Do you have a roof over your head and do you have food to eat? Well, if you answered yes to primarily most those questions that you do a lot better than most of people out there So let me help you with this issue With storage just get yourself a ledger There's a link in description and I have a hundred percent free website I'm gonna be new about this. It's called Dan teaches crypto.com I made it free because not everybody can afford ten bucks a month or whatever it is So this is supposed to be used as far as people can use it and in module to safety There's a link in description again that I show you exactly how to use This ledger and make it super simple and backups. You don't lose anything so you can be this guy cruising around Doing his thing. So that's just a little a little help for you for me to you Moving on I will say I'm still disappointed in Celsius and what went on and Hopefully they come through we did this video on Sunday around 10 a.m. 11 a.m. And like nine ten hours later they shut off all the all the withdraws and I'd said here take it all out Because you know is the yield really worth it and I'm sorry I was at consensus in Austin and I had heard the rumblings I was like, you know, I should do a video and as soon as I got back on Saturday night It was like midnight. I was like, I'm like I do I'll do in the morning now here. We are so again You don't like what's what's going on Yes money was lost, but remember the principles if it's not your It's not your coins is not your crypto Never invest more than you can lose and of course always always always always never keep a big chunk of your portfolio in any one Exchange if you can help it. So that's that Let's talk about the market More bad news. So well, it's it's bad and how you look at it. Some people look at this and go damn This is not what I wanted. I wanted Bitcoin to go to a hundred and fifty thousand, which is what I did That was my price prediction for twenty twenty one did not come true But now here we are down to a percent if the name is down Everything's down last 24 hour last hour down even more and it was funny because like when I woke up today It was actually up and the story that we're gonna talk about which is the Bitcoin miners selling or actually moving everything on the exchanges So, you know, they're gonna sell. I was like, this doesn't make this doesn't jive I don't understand because we're up in the crypto market yet. I see all this transitions I think people got wise to that and then all of a sudden panic and here we go So that's where we're at and then the next big question is well are we correlated is everything moving in tandem pretty much Here's the S&P 500. Here's just today over five days. It looks even worse a month six months Man year-to-date one year. Yeah, not so great. Okay. Let's not look at that then The NASDAQ same type of thing. Well, how about five days now one month? I mean, I think we all know we're going here It's kind of down. So again, we look at it in two ways, man This is awful and whatnot, but to me I look at these things I'm like, well, this is how I made all my money last time in these bear markets And if I just stick to the principles and don't get ahead of myself Take the profits when I when I think I should and I'll never time the tops or sell the bottoms or excuse me Yeah, I never I'll never sell the tops and buy the bottoms just doesn't work like that But if I just keep some principles, I think I'll be okay. All right So let's talk about the Bitcoin miners moving Bitcoin amass. I first of all don't blame people They got to sell things. It's not like I'm demonizing the Bitcoin miners I got to pay stuff to have you seen the cost of electricity crazy depending on where you're at And of course, those those those mining rigs are not cheap and of course, you got a cool them and all that stuff. So I don't begrudge him, but here's what's going on. So if we take a look at some on-chain data from crypto quant One of the ones that I I have six that I always look at The market value the realized value Leverage ratio, which I was always complaining about because people are over leveraged. I personally think Take it by volume exchange reserves for Ethereum. It's going down Exchange reserves you can see here that Bitcoin was going down a little uptick. Why is that? It's because of these guys Let me load this up So this is Bitcoin miners and you can see that they're actually I mean they sell all the time It's not like they're just like holding the whole time, but minor outflow You can see that there's an outflow and of course as the price has gone down Mine is like man. I got a I really need to pay the bills and of course Michael Saylor will always say well They'll just those take loans out against Bitcoin and then they'll just use those use that money to pay off their Expenses and then this time goes on those take more loans and and it'll be okay And I can tell you that works great in the bull market Fantastic their market not so much me personally. I got liquidated myself from Celsius And I think everybody knows that no surprise, but I was liquidated that I took out a loan for the house and You know during a December 2021 and of course When this whole thing happened I was traveling in Europe and I missed the margin colony liquidated me And when ETH was 2200 and people like are you upset and like no I really it actually worked out pretty well and then the Ethereum that they had that Wasn't uses collateral was returned to me. I put that in Bitcoin and shoved it off that the exchange So it worked out. Okay, but I mean they understand like when we're talking about but loans and things like that Those work in certain situations. So don't you know put much stock into those type of things. So Yes, we know this is moving. Does that mean that they're going to sell all the time, but it's a there's no other reason for Miners to take their Bitcoin and shove it on to the exchanges unless they're gonna from sell So this was from Yahoo final capitulation. Oh, that'd be sweet. That'd be nice Fears Mount as miners send record amounts of Bitcoin. I don't know if it's really record amounts because if we come over here This is why there's always a story behind the story. Okay, so don't just like oh, that's what it is We'll just look at some data. So here's one month. Here's a year. You see this That was a heavy amount of outflow For miners. That was quite a bit, right and you can just see that they're selling all the time However, there's just been a pretty good spike in this Finite amount of time since around April. Okay, so that's what it is But here's what they say On-chain metrics have revealed that Bitcoin miners have been sending more of the asset to exchanges and a new all-time Hive 88,000 Bitcoin sent on June 15th. Now On-chain data isn't always perfect. I'll just forewarn you with that. So if they're saying, yeah, maybe from glass note a little bit different, but We can just tell that there's a big outflow Analyst platform Also noted an all-time high in dollar terms with a net 1.9 for a billion worth of Bitcoin sent to exchange yesterday that's quite a bit and Of course when miners lose move large amounts of Bitcoin essential as exchange It's usually a sign that they are approaching to liquidate So take that information as you wish and do with it Whatever you would like to do with that and that's just That one piece also you have to understand of course, we're not in a bubble There's these macro events that are going on and we know about you know just yesterday Trone Powell who watches the show I'm sure he came out and said hey point seven five Basis points. I thought it wasn't gonna be point five I thought some of them point seven five and one didn't get the one I was kind of hoping for the band-aid technique just rip it off But whatever and now of course another month or so they don't do it again I can almost I can't guarantee anything, but I think they're gonna go point seven five again That's gonna be the same thing. So what does that mean for? Real estate what does that mean for supply chains for supply chains doesn't mean anything For real estate and other factors. It's it's a big deal and then we have to take a look at what else is going on And that is summed up perfectly By a friend here josh brown. I'd love to have josh on the show at some point this guy Is great. He's gonna break it down and then we're gonna talk about the 0.0% gvp Which in my opinion Signifies a recession. So let me stop the screen real quick I want you to hear this and in crystal clear clarity as best as I can This is about two minutes or so so bear with me. I mean mute myself. So you don't hear the echo Liz Ann Saunders of swab today tweets US consumers losing interest in spending money on several goods and services only topics where google Search activity hasn't declined our exercise equipment telecom and job interviews Kroger today talks about big trade downs airfares falling for the first time customers talking about rising prices Housing prices are down mortgage rates are soaring. What do you say? uh If you're listening to if you're listening to the fed the question is which fed because What powell is saying does not jibe with what the atlanta feds gdp now forecast says That forecast says we are in recession No growth in in uh in the second quarter. So we'll you know by the time we we get like actual clean data post all the revisions It takes a while But I've made this point on the show. I've been making it for a while It doesn't matter if we're in a recession or a soft landing Because in the minds of the consumer and the consumer is 70 of the economy It already feels like a recession It already feels like or so it's it's almost like semantics at this point. We are in a slowdown Um, it feels horrible the people who can who can least afford To be in an environment like this are obviously the people at the lower end of the income scale And while a strong labor market has helped I want to show you some markets That I think are going to have a negative multiplier effect that we will be feeling for at least the next two quarters Almost regardless of what the fed does at this point So I'll let you watch the rest of it But josh gonna go over a lot of things as far as real estate and how bad that's looking And the different macro events, but I mean we can all feel it We all know it's there and we all know it's it's tumbling down and what he was talking about actually Uh when he said about uh the atlanta fed When he says, you know 0.0 GDP he's referencing this. This is uh from a twitter account. So on june 15th the gdp now model now cast now cast now cast Of real gdp growth and q2 2022 april my june Is 0.0 percent now that could go down even further. We're not out of june yet Uh download the app and blah blah. So what does that mean? That means that's in quarter one 2022 We had negative growth as far as gdp. We lost a little bit if we come over here and we're at zero 0 0 I think it's going to negative two quarters of a reduction in gdp growth Equates to recession. I don't really care so much about the numbers and people will say well, it's not officially a recession Really? Is it really matter go to the go to the gas station? Try to fill up your truck Go to walmart go to target whatever wherever you're shopping at and uh, see how much the groceries are costing Take a look at the mortgage rates right now See how that's doing if you don't think that if it's not a recession boy I'd hate to see when the recession really really hits and uh, that's what people are doing And then when they look at this around they're like, you know what this is not an environment where I want to get into risk on assets because Not too many people want to do that So if you take a look at the macro perspective, it's not looking, uh, so fantastic And I think we're in for some more pain, but again, it all depends on what you want to do with it Uh, I know a lot of I know some people not a lot of people I know some people that uh, remember march 2020 there was this thing called corona virus. It was a big thing I don't know if you remember this but uh Bitcoin dropped to like three grand and and a theorem was like like 150 bucks or something crazy like that And then uh, the people it is we're like, well, this isn't gonna last forever We don't know how long it's gonna last and what'd they do? Well, they bought up like crazy Now that's not for the faint of heart But that is uh, what those people did I did a little bit of that not as much as I should have because hey I'm not I'm not impervious But uh, it's just one of those things where there's two sides of the same story and how you want to look at So anyhow, I want you to think about that in the comment section. Let's move into One of our last pieces liquidity And this was a story that I first saw on twitter, which I see everything on twitter first If you're not following me on twitter, please do so. That's where I post all the good stuff Uh, but it says liquidity provider asked platforms to freeze three-arrow capital funds to recover assets after litigation. This is uh, denny You want nailed it said that their team deducted that 1 million was missing from the company's funds at three arrows capital You know what three arrows capital, they're like in everything. They've got like a 10 or 12 billion Uh assets under management and they are the big players in the crypto space And there are there's rumors that there is insolvency going around that cannot be good. Help us let you know that So this is what denny says. We had known them three arrows capital since 2018 thought they were competent That's rough and didn't think they were degen enough to lose billions And not employ basic risk management Interesting according to you on there was no problems until june 13th Which is when everything starts to fall apart it seems like around the june When eight blocks capital requested a big withdrawal because of the market's conditions the trading firm ceo said there was no response from 3ac After a while the market stabilized So we didn't need the funds however things started to sour when eight blocks capital detected through a script that 1 million was missing From their account. So there was embezzlement. You and said that they reached out to 3ac's co-founder kyle babies and their team to acquire By the missing funds and they got ghosted essentially So that's not good I will just say like that and if they become illiquid In liquid versus insolvency then it can't be good because 3ac it's like there's tentacles and everything In the crypto space and to prove that point or to talk about that point. There was a great thread And it was from plan c I don't know who this gentleman or woman or person is but it was it looks like a lot of time was taken To get this information in and here's what they what they said They said this is the real celcius story and it all kind of intertangles and I got to tell you from the stories that I hear from especially the people that I've Come to know some og's in the space especially moving to Puerto Rico and then just recently at austin This was kind of the stories I was hearing and I was like, I don't know That's just rumor or what but here we go Buckle up so And remember these are just stories and and these are just things that are taken from different pieces. These things can be incomplete So take it with a grain of salt so February 25th when the ustd pig started there was a plan to make a deal with luna and save the pig that sounds good And of course we're talking about luna and ust Someone told all the ust whales not to sell and that there was no danger of ust Failing because there was a plan to save the pig and also shout out to crypto fro bro for sentence to me This guy sounds like good stuff Celcius sold to protect their community and this is from sam He says starting to see a little chatter about this So just to call to call before it gets worse alameda hasn't been selling ust He doesn't have any particular plans to do so because these different companies And institutions they were all kind of involved with ust the whales And then this is april 25th jump Remember jump the ones that uh build out wormhole Celcius and jane street committed already alameda not yet This is for the bail out And larry says one thing to keep in mind that is that this deal is not closed yet and still an active negotiation So everybody was there to like say hey, well bail you out the terms now might be different And obviously some parties could still decommit would expect an announcement from lfg. That is the The wallet to the organization for luna in the next two days and That was may 25th or sorry may 10th. Excuse me Now on may 10th. The dope one says close to announcing a recovery plan hang tight study lads Then may 11th. This is what they thought was going to be jump. Celcius jane street They were going to bail lfg and tear out shoring up more than a billion dollars And the next day alex machinesi came out says for the avoidance of doubt Celcius network was not and it is not involved in any luna bail out. So they're like nope. We're not doing it Uh stable coloring rescue plan gets cold shoulder Alameda. Celcius galaxy did a little jump among those in talks so Celcius got out the door first suffered the lowest losses and didn't want any part of the bailout Stuck holding ust and locked luna bags losing hundreds of millions of dollars each, but I will say this They probably did that Because they're like this isn't gonna work and we got to protect our community So my question to you is what would you do? If you were involved in this and you're like, well, we've got all these people And we can use all these funds and bail out ust and it'll be good Or maybe we want to just not do that and just protect our community These are big boy questions And uh, you're going to see what happens here. So stuck holding the luna bags. Alameda Three hours capital galaxy digital jump capital, you know, they weren't happy about that Jump capital and three years capital bought a billion of luna unlocked linearly over four years. That's a long lock up Jump capital wrote a very detailed 18-minute read report on what what they call is dpeg and of course they said, hey Here's the reason why tariff stable coins was prompted in part by celsius network activities And this was from dr. Julien Haas. I had heard about this before and they said la familia celsius turned against them by front rowing them during the ust exit and I think Uh, what is being said here la familia is like gangster activity la familia Uh, now they're coming after celsius because would you be happy if you were holding the bag? And then it says motive celsius competitors Not looking good not looking good That's steve from voyager and again, this is all We know that three acs is is uh has invested in the voyager. So okay I'll let me get a research track record and uh different things and I'll let me get a research track record get your popcorn ready Elementor research manipulates waves price and organizes fud campaigns. I don't know if that's even true. Don't sue me liquidation hunting operation liquidate status. You know, they weren't too happy. Who is this guy? The most infiltrator in crypto sam tributo Tribucho works with ftx exchange. Okay. Okay. Okay That was uh, that was the issue there got you And then to uh get this finish this up liquidation the transparent markets bring the sharks they're hunting for liquidation make no mistakes Some of these initial players are gunning for other market participants And this is from dylan leclerc and he goes on to it and then it's just rolls from there so I linked that in the description if you want to take a peek at that twitter And watch and read the whole thing and go over it again, but it's pretty comprehensive about what they're saying again These are just little snippets of pieces that come down the pipe And of course, there's two sides every story And you'll never get the whole story you we will never Get the whole story about what's going on the back room deals and things that are going Just how it is. So let me just think about that in the comment section and uh, let's talk about something good Uh, I want to offer you a chance to come on my show That'd be fun. I think and uh, what I mean here me is I think you know There's an app. I've been talking about for quite some time. It's called sweat coin link in the description And uh, it's free to download and it's not a crypto platform yet. It's been around for three years It's got over. I want to say now. I know it's over 75 million downloads And they're moving into crypto later like maybe q2 or maybe q3 But you can download it and all it does is just tracks you're walking And if you can beat me in the steps for this month, I'll have you on the show. Actually, there's one of three things Either I'll do a portfolio review I'll give you 50 of these sweat tokens, which you can use to like buy stuff like let me pull this up if I can Hey There we go All right go Yeah, so you can like like all those different tokens that you get It's like rewards and you can just buy stuff on here or whatever you don't know. I don't really like Your phone's from trying. I don't know what that is Uh, so anyhow Right now I am losing. I don't know how because I'm guarantee you're not going to beat me No one's no one should beat me I walk way too much But uh as it goes through as you come in If you can beat me in steps Then again one of those three things right now. Theodore g storm writer and michael paterson are beating you Hmm. Let's see for this week. That's just today though dammit I'm right 26 cryptic autistic one last month Uh chi sheng sang and michael peterson 69 100 000 steps. Okay, I can still win and then of course this month I'm right 20th. That's okay. No big deal. So I have this link in the description for sweat coin Again, free to download follow me see if you can beat me. You probably won't but if you do One of those three things is up for grabs for you and that's it for today. So look I know the news isn't all pretty and beautiful like we want it to be but these are the realities and Again, it's all how you look at it. If you feel like, you know what I'm here for Three years five years ten years just to blip on the radar if you hear it for six months It's gonna be kind of tough But that's up to you and I just bring you the best information I can so that's it So look that'll conclude the news you want to stick around We'll do the q and a I'll answer all your burning questions to the best of my abilities And then we'll get out of here. So that is it