CRYPTO 101: "Crypto Rundown – Technical Analysis on the Bitcoin Dip and JP Morgan Launches Stablecoin"

Hosts: Bryce Paul & Brendan Viehman
Date: November 15, 2025

Episode Overview

This high-energy episode of CRYPTO 101, co-hosted by Bryce Paul and Brendan Viehman, dives deep into the recent Bitcoin price dip, analyzing the technicals behind the correction and what it might signal for retail investors. The hosts also tackle wider market sentiment, macroeconomic factors, the evolving landscape of altcoins, and the significant milestone of JP Morgan launching a USD-backed stablecoin (JPM Coin). Throughout, Brendan’s data-driven technical analysis and Bryce’s big-picture framing aim to keep listeners grounded and prepared in a time of high crypto volatility.

Key Discussion Points and Insights

1. Market Sentiment and the Bitcoin Dip

Timestamps: 00:00–06:05

• Volatility is Front and Center:
  The podcast opens with the team recapping recent dramatic price action—Bitcoin breaking below $100k, steep altcoin losses, and a prevailing risk-off sentiment.

• Fear & Greed Index as a Compass:
  The hosts spend significant time analyzing the Fear & Greed Index, which recently hit a low of 15—a number historically associated with market bottoms.

  Brendan Viehman [02:42]:
  "You can go back and see all the different points that we hit that [15], and we almost never do...It's generally when you zoom out to the future, it has historically been a really good time to buy."

• Macro Factors Still Dominating:
  The downturn is not attributed to crypto-specific news, but rather to broader macroeconomic uncertainty (recalling the impact of market-wide tariff rollovers earlier in the year).

  Bryce Paul [06:05]:
  "There could still be a wild flush to come...I don't feel like there's mass panic yet, but psychologically, breaking that 100k and flushing down to 94 is a huge thing."

2. Technical Analysis of the Bitcoin Correction

Timestamps: 13:06–17:21

• Breaking the 200-Day Moving Average:
  Brendan walks through the technical chart structure, noting repeated historical patterns of price testing and breaking the 200-day moving average, followed by both pullbacks and subsequent rallies.

• Current Structure Signals Caution:
  The present setup shows failed attempts at new highs, breakdown of support levels, and a classic "break, hook, and go" (but to the downside).

  Brendan Viehman [13:06]:
  "We're breaking the 200-day moving average, we're breaking support, we're testing prior support levels as resistance… unbiasedly not a good thing to see."

• Altcoin Resilience and Divergence:
  Notably, altcoins are not tanking as hard as in previous corrections. Some, like Syrup, are even up, reflecting growing independence in price action.

3. Ethereum and Short-to-Midterm Strategies

Timestamps: 18:42–21:33

• Ethereum's Parallel to Bitcoin:
  Ethereum also broke through key support with a likely downside target at $2700–$2800 if the selloff continues.

• Approach: Cautious, Not Aggressive:
  Brendan emphasizes a "long-term accumulation" mindset during these dips, and advises caution for short- and mid-term trades.

  Brendan Viehman [19:57]:
  "I'm not trying to do anything too aggressive...Just trying to get a better big-term picture before I go back to being more biased like that."

• Key Volatility Indicators:
  Brendan recommends focusing on the Relative Strength Index (RSI), looking for higher swing lows in oversold territory as a signal for potential bullish reversals.

4. JP Morgan's Stablecoin Launch & Wall Street's Shift

Timestamps: 23:24–24:29

• JPM Coin’s Arrival:
  JP Morgan’s launch of JPM Coin is seen as a watershed: the institution’s previous anti-crypto stance is reversed out of necessity.

  Bryce Paul [23:24]:
  "He capitulated because...yeah, his whole company's going in a different direction and he's CEO."

• Stablecoins as a New Norm:
  The move is framed as part of an inevitable trend—"the new norm"—where digital assets will underpin banking and finance infrastructure.

5. Bullish Price Targets and Ethereum’s Institutional Case

Timestamps: 25:33–28:49

• Tom Lee's Bold Predictions:
  Wall Street analyst Tom Lee makes a guest appearance (clip), predicting Bitcoin could approach $200k, but sees Ethereum as the more likely major mover (targets $9k–$12k by January).

  Tom Lee [26:47]:
  "Ethereum can have a huge movement to year end…Stablecoins and tokenized gold run on smart contract blockchains like Ethereum and Wall Street is building on it."

• Hosts' Cautious Skepticism:
  Both Bryce and Brendan appreciate Lee’s conviction, but find the targets lofty given current market realities.

6. Spotlight on Solana & XRP ETFs: Record-Setting Launches

Timestamps: 30:44–35:08

• ETF Milestones:

  • Bitwise Solana ETF (BeSOUL) smashed day-one trading records, later eclipsed by XRP's ETF from Canary Funds—even on a down market day.

  Brendan Viehman [32:50]:
  "XRPC from Canary Funds had the largest day-one trading volume for an ETF launch in 2025...and it did it on a very red day."

• Altcoin ETFs Outperform Bitcoin:
  With new altcoin ETFs attracting record inflows while Bitcoin ETFs experience a major outflow, the market appears to be cycling into the "alt" phase.

7. Institutional Underperformance & Macro Window Dressing

Timestamps: 36:20–40:45

• Concept of "Window Dressing":
  The hosts explain how fund managers lagging the indices may be driving year-end performance maneuvers, resulting in increased volatility but not necessarily reflective of asset fundamentals.

  Brendan Viehman [38:34]: "In order to bring the average down, maybe we see the performance of everything fall into year end, so it doesn’t look as bad...If the indices come down...it narrows the gap and makes their performance look a little bit better."

• Bitcoin Ownership Landscape:
  Bitwise data shows a key difference between Bitcoin and gold: the former is mostly owned by individuals, not governments.

8. Future Catalysts: "Stimmies," Government Accounts, and Altcoin Season

Timestamps: 42:05–45:02

• Possible U.S. Stimulus ("Stimmies") in Play:
  The team discusses rumors of possible $2,000 checks for those earning under $100k, and a new government program giving $1,000 investment accounts to newborns, potentially bullish for retail-driven markets.

• Longing for Altcoin Season:
  The show ends on a humorous note, expressing how "altcoin season" is at the top of every crypto investor's hierarchy of needs.

  Brendan Viehman [45:02]:
  "Some people want women and boats and houses. The average human like us? We want altcoin season. That’s what we live for."

Notable Quotes & Timestamps

• Brendan Viehman [03:52]:
  "Historically when the fear and greed index is this low...it has been a good time to buy."

• Bryce Paul [06:05]:
  "There's no bitcoin specific news that's this negative... a 20%+ correction is very normal in a bitcoin bull market."

• Brendan Viehman [13:06]:
  "From a technical structure, you gotta keep it real and say...some of these things are unbiasedly not a good thing to see."

• Tom Lee [26:47]:
  "Ethereum can have a huge movement to year end because...Wall Street is building and Larry Fink wants to tokenize everything...on Ethereum."

• Brendan Viehman [32:50]:
  "XRP outperformed Solana's ETF, but it also outperformed every other ETF launch in 2025...and did it on a very red day."

• Brendan Viehman [45:02]:
  "The average human like us watching...No, no, no, no—we want altcoin season. That's what we live for."

Important Segments & Timestamps

• Bitcoin Dip & Technical Setup:
  [13:06–17:21] Technical analysis of Bitcoin's correction and implications

• Ethereum's Chart and Caution:
  [18:42–21:33] Analysis of ETH’s chart and Brendan’s strategy

• JP Morgan Stablecoin Discussion:
  [23:24–24:29] What JPM Coin means for the industry

• Tom Lee’s Ethereum & Bitcoin Targets:
  [25:33–28:49] Guest clip and hosts’ reactions

• Solana & XRP ETF Records:
  [30:44–35:08] Discussion on record ETF launches and market impact

• Macro Moves & Window Dressing:
  [36:20–40:45] Year-end fund manager maneuvers and crypto correlation

• Altcoin Season & Outro:
  [45:02–46:51] Lighter closing segment longing for altcoin season

Tone & Language

The episode maintains a candid, data-driven, and slightly irreverent tone—combining detailed technical analysis with broad market insights, peppered with humor and relatability for retail investors. Both hosts are forthright about market uncertainty and risk, while emphasizing the value of staying informed, grounded, and connected with a supportive crypto community.

Summary crafted to capture all key technical, macro, and sentiment-driven insights from the episode.