 Welcome digital asset news to get top stories and cryptocurrency digital assets and bring them out of bite-sized pieces Today we've got some concerning news Especially what's going on in the market and just the overall sentiment of what's going on first up Whales move over four billion dollars in Bitcoin during a Sunday's market carnage and then I take a look at this I think to myself are whales actually necessary and actually are they actually good for the cryptocurrency digital asset market We're gonna take a look at that and just a little bit of a price history talking about five facts about Bitcoin corrections and the Correction and the downtrend that we saw just yesterday is absolutely nothing compared to what we've seen and what we are going to see So we'll take a look at those two articles with first take a look what's going on into the market. Let me update this This is a trade the chain with sentiment analysis I like to take a look at what people are feeling and you can see it right here the sentiment over here I mean you got Bitcoin at 56,000 which is actually pretty good Do you think about it because we were down like 52,000 so hey not too bad honestly, and we have aetherium at 2,200 It's up a little bit. Everything's up a little bit over seven days. Just depends XRP's up a little bit. Doge coins up massively whatever reason and Everything else so that's not that that's not the story the story is I Like to peruse around Twitter just to see what's going on and see what people are saying and I will say this is a Different dip than what I'm used to as far as the sentiment that is out there a lot of people especially people have been around for a long time you can talk about getting out right now and It's concerning because Every time I see these types of things I'm like What else is going on in the market? What is really happening? Well, when people say this market is different it sure is so this bearish sentiment Especially with Bitcoin is really not surprising especially what's going on So I want to just take a trip down memory lane a little bit and just take a look at what was happening over the weekend What is happening right now what I believe is going to happen pretty much coming up very soon So I just want to start off with this. This is a quote It's from Nathan Rothschild one of the Rothschilds very famous investors and he said like this he goes I never invest at the bottom and I have always sell too soon I never invest the bottom and I always sell too soon. This is the most prominent investor out there So you have to understand that when people are talking about you know what I'm gonna time the market I'm gonna you know do it really well. They're not gonna do it real well But the real question is when do you have to get out? When do you want to get out? So let's just real quick We went over this in detail on Sunday. It was me and actually Alex Massioli Join me and we talked about the different things that were going on in Behind the scenes and why these things very you already heard about there was massive liquidations of ten billion dollars There was a lot of different actions as far as different wallets being moved around with Bitcoin There was a power outage in China which led to a drastic reduction in the hash rate And then of course there was a big boomer flying around that the listening to the Department of Justice it was like But the thing was the commodities connection was going to like bring force and charges because people were Money-long which sounded really weird and actually one of the lawyers Chavinsky came on said they don't do that That's the Department Justice job. So that doesn't make any sense as far as like money-laundering with cryptocurrency. So It's just a lot of things that were going on and it always makes me think like what's the agenda behind the agenda? Really is what's going on. So first of all, let's just take a look real quick Wales Wales everybody's these favorite subjects and then we always had to talk about them and just discuss them Oh, and then real quick. Just so you know The our background is a little bit different today They're still working on the full room. Hopefully by tomorrow be done But we'll see we had a reprieve on the weekend, but here we are anyhow So we're talking about Bitcoin right here and it talks about how Bitcoin hit an all-time high at almost 65,000 64,000 895 per unit on April 14th and we've got April 19th 3 p.m. I'll pass with Texas time and So April 14th that was the ultimate high of all-time highs On Sunday this Sunday get dropped to a low of 51,000 541 65,000 to pretty much 51,000 in a blink of an eye. That is that's amazing, right? That's like that's like a huge drop. Well, and it's like I've always said in the traditional space That is like jump out of the window type of thing You know, it's just an awful day for the stock market. It'll never rebound But in crypto, that's not that big of a deal. I'm gonna show you how much I'm not a big of a deal going forward. So And it talks about, you know, why why this could have happened it talks about the Reduction hashrate because of the power hodge in China at different places And it sort of talks about how they use on-chain analysis to take a look at all the movement for Bitcoin and there was a there was a movement of plus 58,000 coins that were went from one wall to another wall. They said this is probably a new Cold Binance wall because they were tracking these things on Binance But then there was plus 20,000 and plus 11,000 now who's to say that's not Binance So that's you know, who it is but When I take a look at this stuff and everybody starts to surmise about what it's what's these whales They're doing all these things and I'm really concerned about what's going on because these whales these whales I just care I just If whales are gonna move things around and I I I know what people say the rod You got to care because these whales are gonna start selling and the market is gonna start dumping it That's gonna be awful like really great. Go ahead Do all the selling that you want and let everybody else get out? I don't care that that's going to happen. I've already got my positions. I have an exit strategy I'm sitting pretty nice right now And even if it drops a little bit do you honestly think? After what has happened this year with the institutions that are getting in and these aren't just like institutions like these little mom-and-pop places I mean, we know all the different places like I mean old places like Mass Mutual one of the oldest in insurance companies. We have PNY Mellon Bank one of the oldest banks in the United States We've got Tesla. We've got the micro strategies We've got NY dig bringing all these different players into the into the whole market and all these institutions who know all these things and all these Different tricks there's just some markets Do you not think that they are not trying to do these types of things to maybe move things around and pull that train back to really get paid Not saying that's what it is my financial advice, but sometimes it just makes me wonder What's the agenda behind the agenda now? I will say it. I will take it one step further Maybe this is it Maybe we reached the all-time top of 64,000 and the bull runs over and we're just going to be stagnant for the next couple years And all these different players that got into it And all the different institutions and hedge fund managers and pensions Sounds ridiculous when I say it and and insurance companies are like, you know what that's that's fine We're okay with that and that's it. We're not going to buy it more. Okay All right, maybe that that that could be it I mean, it could be and then to finish up eight and a half million Bitcoin from 2010 spent after sitting idle for over 10 years and I just want to throw this in because a hundred fifty Bitcoin from 2010 was Transferred after the price of bitcoins sort of slid a few hours away and all 150 Bitcoin worth eight and a half million today We're mined on the 2010 and it was my most of my by the same entity. So it says it talks about moving it I don't know if it was sold. They just said it was moved. So I will just say this if somebody Somehow was able to hold on to Bitcoin since 2010. God bless you. Good for you. That's pretty amazing And if you want to sell right now, you should be selling because that's pretty pretty big I mean eight and a half million who wouldn't who would do that right now? And I know some people will say but you can wait because it's going to 150 or 300 or 500,000 and I will just remind you That person's goals are not your goals. My goals are not your goals and your goals aren't everybody else's that is watching the This video today. So just remember that whatever your goals are just hit those goals hit the exit strategies and go You know what? I want to get out with 10,000 dollars. Well, great Set it up like that or I want to get out with 10 billion dollars. Well, great Well, first of all call me because that would be awesome. You did that and that's about it So this is just the first piece. I want to take you down a little memory I'm not saying things are going to repeat. I I I just can't say that but These four-year cycles we talk about those ad nauseam watch any of my videos in the last like four months. I've been talking about all the time This is what's happening before the only thing that really concerns me is that everybody else knows the four-year cycles and everybody else cycles cycles and everybody else knows The technicals and everybody's looking at the at the same chart. So maybe they are Just going to go, you know what? We're going to dump it. But in my personal opinion Never underestimate greed I think The whales have a pretty good setup. They're riding a gravy train with biscuit wheels All they got to do is pump it a little bit And then watch people buy like crazy and then crash it again if they wanted to and then all the people who don't understand These this whole process will sell and then they will buy back at a lower price and they just keep doing And this intel infinity unless People like me and you just say, you know what? Um, you can sell you can get out your goals. Not my goals. I'm gonna hang on Think it's gonna do pretty well. I'm just an investor not trader. So That's it for me Here's five examples and this is looking back in 2017 actually let me blow this up so you can see exactly what I'm talking about So when we're talking about these corrections and we just saw a pretty good correction right 65 000 down to 52 Whoa We'll take a look at this. So when we're taking a look at These different price points in 2017 Bitcoin spent 267 days in an upward trend and only about a hundred in the downward. So since 2021 I mean since 21 since january 1st when 21, how have we been doing? Pretty damn good. I think I think we went from around 30 29,000 30,000 and the 35 40 40 50 55 60 65 And now here we are a little bit up a retracement And that's exactly what happened in 2017 and if I took a look at the charts In 2013 when there was a also other massive bull run. It was the same thing So we're taking a look at this. This is just history whining repeating whatever else you want to say So the average time bitcoin spend uptrend was around 50 days. All right, not too bad So what about this corrections are normal? Well, again, it's the same thing in 2017 bitcoin experience five major corrections The shortest retrace took only three days and longest last overall damn long So if you take a look at these bars, this is 21 days. This one here is 34 days. That's a heck of a long time That's you know, that's pretty big Then 12 days here only three days here and then 15 days here at the very top We're looking at 31 december 2017 And that's pretty much when it went down a lot more after that But I mean look at this three days. All right 34 days and I just want to remind everybody. Where are we? You know where we're at We're right here We're over here in april right and again could could a lot of institutions and the big whales and big players go You know what i'm done playing I think i'm gonna pull out I don't like making all this maybe Uh Maybe they're just tired. They're just like, you know, we want to you know get out of here And uh, that could potentially be the case. I don't personally think it is and um Only time will tell if i'm correct or incorrect, but uh, you know as As the price if the price went down today I've already done a little bit of my exit strategy because these are the early price points I would be okay with it. Honestly, I didn't want it if it went this way. I just don't see it happening Anyhow, let's uh, let me close up and we'll finish this out. So Again, sure, it's retraced only three days. Here was the interesting part Every quarter or end of quarter eoq sees at least one strong bitcoin correction So again right before april. He saw a correction and then right before Where's this july or so april major angel? Yeah, he saw on the correction Then around october and then of course the end december and I always talked about how April is statistically not a really great month or actually Yeah, it's not a really great month for bitcoin and crypto And I always said it's because I mean just part of the reason is because in the us We have to pay taxes on april 15th all of us and if we owe like me I gotta pay taxes. However, I got pushed back to may 15th. So never know People have to sell off. I have to sell off some a little bit of crypto to pay for these taxes Not much this time. Thank god, but uh, that's what's gonna happen And you know the only quarter that's only one strong bitcoin correction in 2017 was quarter two We saw a pretty big huge retracement and this is the big one I don't really care about this one Five corrections tended to be tend to be 30 percent to 40 percent deep That's pretty big. Think about that In one of the biggest bull runs in crypto history, I mean besides something 13 now we're coming up to here You were looking at an average of between 29 to 40 percent Or sorry, it was between 29 40 percent and the average was 35 percent That were the corrections So when we take a look at all this And we take a look and say well, what's going on? What's happening? Well, we talked about what happened and we talked about everything that happened over the weekend and it could be pretty big Now it's up to you for for you to decide and again I I believe that uh, you know when you're sitting there watching me I'm just one person in the whole Ecosphere of information where you should get your information from Don't just take my words for gospel, but I would just tell you my personal opinion is as such These these institutions and these big players and these whales I think they believe That this is going to go on for quite some time They're going to be playing different people who actually get in and get out Uh, and they're going to be making a lot of money. Do you really think? I always think about this I don't really think that's these these these big players are like I'm content with just these three months that we had to really you know do our To all our damage and whatnot. I think um, that they're probably going to be like Well, everybody knows about the four-year cycles. Everybody knows about the ta and the charts The only thing that I think of is that they might start to Crash things a little bit before at december before november, but at that point I have my strategy in place if you want to watch the video and I'll let me get the very end You should be sitting pretty, you know, very nice and just like we just talked about with that Statement before from the Rothschild. I never Sell at the top And I never buy at the very bottom We're never going to hit the absolute tops. We're never going to buy at the absolute bottoms But I do believe that there's a lot of room to run. All right, so that's it for today Hopefully that gives you some direction about what's going on if you like the video give it a thumbs up I'll consider subscribing and that's it for for this one. Um, I'll probably do a live stream tonight. So I'll see you on the next