2164: Bitcoin Path to $1 Million Clears as ETFs Roar Back in Best Day Since BTC Crash

Summary

Podcast Summary

Episode Overview

Podcast: Bitcoin News Alerts | Daily BTC News
Episode: 2164: Bitcoin Path to $1 Million Clears as ETFs Roar Back in Best Day Since BTC Crash
Date: November 12, 2025
Host: JV (aka Bitcoin News Alerts)

This episode provides a raw, unfiltered daily update on all things Bitcoin, with a special focus on recent market corrections, a dramatic rebound in Bitcoin ETF inflows, macroeconomic uncertainty from the ongoing U.S. government shutdown, and the longer-term bullish case for Bitcoin potentially reaching $1 million. Other topics include a major U.S. bank entering crypto trading and deep dives into price targets, technical analysis, and market psychology.

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Key Discussion Points & Insights

1. Current BTC Market Conditions & Technical Analysis

• Ongoing Correction & Chart Overview
  • Bitcoin is consolidating, barely holding above the $101,000 mark, having dropped ~$1,800 on the day.
  • Price targets and support/resistance lines highlighted:
    • Key support at $100,000 ("the clear line in the sand")
    • Potential bounce targets: $110,700 and $110,200 on the one-hour chart
    • Bullish reversal targets: $124,000 (four-hour), $128,800 (daily), $146,400 (daily super-bull flag)
  • Multiple timeframes (hourly, four-hour, daily, weekly, monthly) are all showing mostly negative momentum, attributed to the drag of the U.S. government shutdown.
  • “We do have a bull target on the four hour in the red which would send us back to price discovery. It's currently 128.4 again, 128.4 in play on the four hour chart today.” (A, 03:52)
• Macro Sentiment
  • Market is in "extreme fear" with a Crypto Fear & Greed Index at 24 (out of 100).
  • Market cap stats:
    • Crypto market cap: ~$3.42 trillion (down 1%)
    • Bitcoin market cap: barely above $2 trillion
    • Bitcoin dominance: 59.2%, ETH dominance: 12.1%
  • Most coins are in the red monthly/yearly, except for privacy coins like Zcash and a few performers.

2. On-Chain Data, Accumulation & Seller Exhaustion

• Bullish On-Chain Indicators
  • Significant spike in BTC withdrawals from Binance, indicative of accumulation and institutional activity.
    • “This movement indicates a significant shift in investor behavior and offers valuable clues about the current market sentiment.” (A, quoting CryptoQuant, 11:31)
  • Stablecoin reserves are rising as BTC reserves drop, creating a liquidity configuration historically associated with imminent price rebounds.
  • Seller exhaustion is at its lowest point since August 2023, suggesting the market may soon see volatility to the upside.

3. ETF Inflows Roar Back

• Best Day for BTC ETFs Since October Crash
  • Over $524 million in spot Bitcoin ETF inflows reported, the most since the market crash in early October.
  • Cumulative ETF net inflows mark a return of institutional and retail confidence, despite broader de-risking stemming from U.S. political/economic uncertainty.
  • “Bitcoin ETFs roar back like a roaring kitty. 524 million million worth of inflows. This is the best day for the ETF since the market crash began.” (A, 15:28)
• CPI Data as Next Key Trigger
  • Upcoming Consumer Price Index (CPI) release is seen as a critical event for further moves, though shutdown chaos threatens timely data.

4. Traditional Bank Adopts Crypto Trading: SoFi

• SoFi Becomes First Nationally Chartered Bank to Offer Crypto Trading in U.S.
  • SoFi rolling out phased access to crypto trading, spurred by recent regulatory greenlights from the OCC.
  • CEO Anthony Noto: “We believe blockchain and crypto are the super cycle technology just like the AI and it will be pervasive across all financial system.” (A, 21:12)
  • Cautions issued about stablecoins not backed by banks (“Are those reserves bankruptcy remote?... Just because it's backed by the dollar doesn't mean those dollars will be there when you try to liquidate.” — A, 21:29)
  • Notably, Noto revealed 3% of his personal portfolio is mostly in Bitcoin.

5. Bullish Macro Cycles & Price Projections

• Elliott Wave Theory and Parabolic Projections
  • Bitcoin appears to be concluding “Wave 2” and poised to begin “Wave 3,” with technical targets in the $200,000–$243,000 range within coming months.
  • “The corrective wave phase two appears close to completion. Wave three expansion on the horizon. Completion of the pattern could push the Prelo Biddy to 200000 as high as 243th 000 in the coming months.” (A, 23:15)
• Super Cycle & Extended Bull Market
  • Several guests argue that the four-year cycle template may be breaking down due to structural shifts: lessened Bitcoin inflation, increasing institutional adoption, and seller exhaustion.
  • Government shutdown seen as sabotaging a 2025 Q4 bull run, pushing expectations for a new all-time high and “extended cycle” into 2026.
• Long-Term Path to $1 Million BTC
  • Dave Weisberger (Better Trade Digital) and host JV argue that the path to a $1 million Bitcoin remains clear, based on comparative monetary theories with gold:
    • “If bitcoin equals or surpasses gold on monetary characteristics, he argued the gap implies transformative upside... Bitcoin Super Saiyan as the bitcoin network grows and gains acceptance, it'll likely rise 10 times or more.” (A, 31:09)
    • Bitcoin could reach $1 million on a combination of fundamentals, network effects, and market structure shifts—regardless of near-term price action or whether four-year cycles remain predictive.

6. Notable News Bites

• Taiwan Central Bank to Pilot a Strategic Bitcoin Reserve
  (Headline only, details pending publication. “Breaking news. Taiwan Central bank to officially pilot a strategic bitcoin reserve. Absolutely massive. Agreed. More adoption. This is bitcoin game theory.” — D, 35:17)
• Max Keiser & Russell Brand Appearances
  • Mentioned in passing as influential voices at recent Bitcoin events.

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Memorable Quotes & Moments

• "Just when I thought I was out they pulled me back in, as Pacino would say in The Godfather Part III." — A (04:28)
• "The irony is this supposed to be the most bullish time of the year. And like I said, our Q4 bull run has been sabotaged by the government shutdown. Tis what it is." — A (05:30)
• "This movement indicates a significant shift in investor behavior... should be viewed as a bullish signal." — CryptoQuant via A (11:31)
• "Bullish targets: 124 and a return to price discovery becomes realistic once again. But until we can recover above 107 we're probably just going to continue trading sideways." — A (14:53)
• "The positive daily inflows are a welcome signal for the bitcoin holders... Bitcoin ETFs roar back like a roaring kitty." — A (15:28)
• "We believe blockchain and crypto are the super cycle technology just like the AI... it will be pervasive across all financial system." — SoFi CEO Anthony Noto, quoted by A (21:12)
• "Bitcoin's path to a million is clear as OG sellers fade." — A (28:12)
• "Gold is the poor man's Bitcoin is what it is." — Max Keiser, quoted by A (30:53)
• "If you understand the dollar, you have nothing but confidence in bitcoin, man. It's just a fact, Jack." — A (26:26)

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Timestamps for Critical Sections

• Market Correction Overview & Technical Analysis: 02:40–08:51
• On-Chain Accumulation & Seller Behavior: 09:51–12:48
• ETF Inflow Recovery & Institutional Flows: 15:28–18:50
• SoFi Opens Crypto Trading for U.S. Customers: 19:23–22:39
• Macro Analysis, Elliott Wave, and ‘Super Cycle’ Theories: 23:13–26:20
• Bitcoin’s Long-Term Path/Comparison with Gold & $1 Million Thesis: 28:12–34:07
• Taiwan Central Bank BTC Reserve Headline: 34:45–35:32

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Tone & Personality

• Style: Unfiltered, high-energy, laced with memes (“constipated bananas Janet Yellen,” “stackin’ sats”), pop culture references (Contra cheat code, Godfather, Dragon Ball Z), and recurring in-jokes with the audience.
• Approach: Emphasizes independence (“No altcoins. Just BTC”), skepticism of institution-led FUD or misdirection, and deep conviction in Bitcoin’s long-term, world-changing value.

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Summary

This episode captures the tense but optimistic pulse of the Bitcoin world in November 2025, with markets under short-term pressure but the long-term thesis “clear as day” for Bitcoin’s path to seven figures. A historic bounce in ETF inflows is positioned as proof that institutional interest endures, even as the government shutdown drags on and macro uncertainty prevails. The entry of TradFi heavyweight SoFi into crypto trading signals further mainstreaming. Host JV doesn’t shy from bold predictions ($1M Bitcoin, extended cycle to 2026) or critical memes (“pick up the SATs, put down the gats”). Listeners are left with a sense of both caution (macro risks, technical retests needed) and contagious, conviction-fueled bullishness: If you understand the dollar, he argues, “you have nothing but confidence in Bitcoin!”

Transcript

[A]

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Earlier, cancel Contact Us Welcome Bitcoin Fam to the number one Bitcoin pod in today's show. I'll be discussing the latest ta everything you need to know in the market. We're correcting barely holding on to 101 down another 1800 on the day as the consolidation continues along with the Goman Shutdown. Also in today's show we'll be discussing Bitcoin price hits 105. However, like I said, we've been very corrective. 100's been holding but the clear line in the sand. We're about to retest as support. We'll also be discussing Bitcoin liquidity pattern signals a pivotal movement with 124,000 target that would take us right back to striking distance, a price discovery which was achieved a month ago at 1-263. Also some good news. Bitcoin ETFs roar back with 524 million of inflows in the best day since the market crash. Also, nationally chartered bank SOFI rolls out crypto trading for US customers and we'll be discussing a super cycle looming. And speaking of a super cycle, Bitcoin wave 3 expansion as per Elliott wave theory is targeting 200,000 as the sell side pressure fades. We'll also be discussing the Bitcoin path to a million clear with the OG sellers fading. We'll also be taking a look at the overall crypto market. All this plus so much more right here in today's show.

[D]

If you're new to the rumble important.

[A]

Smash the likes, give us a follow and hit that repost over on x today is pod number 2164 I'm your host JV. It's 11-12-2025.

[D]

Bitcoin's correction continues. We're currently floating just above 10:15.

[A]

At the time of the live yesterday, unfortunately we were in the red. There's still a government shutdown, still a lot of uncertainty and chaos in the.

[D]

Market and we'll see how long this thing lasts for.

[A]

But anyways, pulling up some of the live charts and we'll do our market watch here and shout out to the Fed chair Nipinator, our very own co host. But on the one hour via trading view via Coinbase, there are two bull targets. One sitting at 1107 and one sitting at 110 2. So 110, that's roughly 9,000 price target from the current reality. We're floating at. Looks like we're about to retest 100000 critical psychological line in the SAND support. We're only 1500 away and naturally we'll see how this plays out. There's been a lot of corrective candles on the one hour chart. Big red candles here this morning unfortunately. But we may reverse. There's no telling with the constipated bananas Janet Yellen and checking out the four hour unfortunately two big consecutive red candles. But we did get a little bounce.

[D]

At around the 101 level where we're currently at.

[A]

So will it hold up? We shall soon find out. We do have a bull target on the four hour in the red which would send us back to price discovery. It's currently 128. 4 again, 128.4 in play on the four hour chart today. And checking out the daily. Unfortunately big red candle formed on the day probably not going to reverse. So yesterday big red candle two days prior we had two bullish green days and things are starting to look up.

[D]

Green day Dookie.

[A]

And unfortunately we just got pulled right.

[D]

Just when I thought I was out they pulled me back in as a Pacino would say in the Godfather part three.

[A]

But anyways, we do have bull.

[D]

Two bull targets on the daily as well. One at 128.8 and then the Super bowl target sitting at 146. Four which is a bull flag. Again, 146. Four in play on the daily chart. That's really where we should be right now if we didn't have a damn government shutdown sabotage in our Q4 run up. Yeah, I mean checking out the weekly. We're midway through the week. It's hump day. We do have a rising wedgie unfortunately, this is the third consecutive red candle formed, and unless we get a big reversal, we're most likely gonna have our third official red candle close. And that sucks. Especially when it's supposed to be bullish this time of season. Which is another reason a firm believer in the extended cycle theory flowing into our bull run into 2026. You can thank the lizard folk for that. And checking out the monthly we do.

[A]

Have a red candle thus far only 12 days into the month. October was a red candle. And the irony is this supposed to be the most bullish time of the year. And like I said, it seems our Q4 bull run has been sabotaged by the government shutdown. Tis what it is. Checking out coin360 looking at the charts, virtually everything correcting today, the only top coin really in the green is zcash. Not surprised there. Privacy Coin has been doing very well during this Correction. Checking out coinmarketcap.com the current crypto market cap is sitting today probably around three and a half trillion, even lower. Wow, 3.42 trillion. Uh, to be exact down 1% on the day we were 3.5 yesterday. And uh, bitcoin market cap specific is barely holding on to 2 trillion, which is another epic milestone we accomplished a very long time ago. And now it's retesting. We do have 164 billion worth of volume for the past 24 hours. Ultimately meaning that's down roughly 9% on the day. Bitcoin dominance took a small step back. It's currently 59.2%. Ether dominance currently 12.1%. Checking out top 100 crypto gainers past 24 hours. We got a B of 41 decred up 14 and sky up 14. Checking out the crypto bubbles. Get a little visual perspective, just big picture here. Damn near say 80 of the market in the red. Checking out the weekly this is where things get a little better because some of the alts have been running up I'd say probably 7030 green over red for the week perspective. But to get a little bit of the humble pie we got to go back to the monthly and Safe to say 80 to 90 of the market rec city average loss in the alt market, I dare say 30% as I see 20 to 40% losses commonly across the screen. And checking out the annual perspective, it doesn't really get much better. There have been a few, a handful.

[D]

I should say, of really good performers.

[A]

In the past year in the crypto ecosystem, but definitely the majority in the red. I'd say 75 to 25 red over green and a couple of the top gainers Z Cash. Now I don't know where this AB coin came from, but it's up 18,000%. Never heard of it.

[D]

So it must be a small market cap.

[A]

Which would make sense and why they.

[D]

Climb so rapidly and out of nowhere.

[A]

But anyways, other top coins that have done well this year dash up 158% and XRP up almost 300% and Monero up 150%. XLM up 140%. And that's the bulk of the gainers. Checking out the Crypto Green Interior Index. We're back in extreme fear, unfortunately today at a 24, yesterday 26, last week at 23 and last month a 38 in fear. And checking out the infamous time chain calendar. Today we're on block height 923341 and you could exchange one fiat monopoly dollar for 984sats. So you know precisely what to do. You pick up the SATs, put down the gats, pick up some bitcoin caps from my man Sergio. Now let's dive into our TA, aka astrology for the Brosis. We did hit 105 and here we are correcting. Up down, up, down. Left, right, left, right. B A B A Select Start.

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[D]

The lower time frame, but needs to break the 107 area, currently nowhere near.

[A]

If it can do so, it would turn this into a decent deviation retaking back into the range and unfortunately we.

[D]

Went the opposite way and we're currently 101. That's my main condition for the bullish.

[A]

Turnaround, so that's not good. And quoting Crypto Tony Montana man, a political refugee from Kubo man, he says update a bounce to 174 please. Would be the perfect short zone if we get there, but obviously we're nowhere near. He also pointed out if the price breaks below the purple support range, which is roughly in that 100,000, maybe even 99 range, I'd look to hedge part of my spot holdings to mitigate the short term downside risk as that would likely open the door for a deeper pullback on the lower time frame. So he's ultimately saying if we correct to 99 we're likely to pull back even lower. Common Sense A major optimistic take on the day came from Crypto Quant. They pointed out the Binance users had begun to withdraw significant amounts of Bitcoin, potentially signaling a new accumulation phase. Quoting Crypto quant here. In early November, Binance recorded a sudden spike in Bitcoin withdrawal transactions, one of the largest surges in 2025. This movement indicates a significant shift in investor behavior and offers valuable clues about the current market sentiment. They also point out additionally the over the counter deaths activity increase during this period, indicating private transfers to custodial wallets, another sign of institutional participation. Overall, this spike should be viewed at a as a bullish signal.

[D]

Let's entertain 124. I mean we should be floating like.

[A]

A butterfly, stinging like a bee. Rest in peace. Muhammad Ali Stable coin supply spike to the bare market level, suggesting buyers can.

[D]

Soon spark another leg up. Shout out to Sparky. I say we spark a doobie.

[A]

Bitcoin stable ratio is at levels that have historically marked bottoms for the bitty stablecoin supply ratio which is the SSR dropped back to the lower historical range of a 13.

[D]

The same zone mark bottoms mid 2021 and throughout 2024.

[A]

Each time Bitcoin was trading quietly before.

[D]

Staging a strong rebound.

[A]

The low SSR suggests the stablecoin liquidity is quietly Building again potentially setting the.

[D]

Stage for a relief rally for the.

[A]

Final bullish leg of the cycle. The bitcoin stablecoin reserve ratio tells the same story. The chart shows the stablecoin reserves on binance are rising while bitcoin reserves are shrinking. We're witnessing a liquidity configuration that has only appeared a handful of times since 2020. And each instant marked a pivotal moment in the bitcoin trajectory. The growing stablecoin supply suggests there is an increasing amount of sideline capital that can be deployed to into the crypto market. Historically this pattern tends to emerge during phases of structural capitulation or seller exhaustion when the weak hands exit and the strong hands begin to accumulate quietly. Meanwhile, the European head of research over at Bitwise shared a chart showing the short term Hodler seller exhaustion constant has recorded the lowest value since August of 2023. Particularly this metric reaches such levels when volatility is low but losses realized on chain are high with which signals seller exhaustion. Similar levels of the past preceded volatility to the upside with the last one leading on 190% in Bitcoin price to 74,000. This was back March of 2024 and from 25,000 in August of 2023. So could this be deja vu? Sellers exhausted again? You tell me. So yeah. Falling wedge targets 124 and earlier when I looked at the live charts we actually discussed discussed a couple of these similar targets. So it's on the daily chart. Falling wedges are typically bullish reversal patterns and bitcoins continue consolidation within the patterns.

[D]

Trendliness suggests a downtrend could be nearing its end.

[A]

Bitcoin trading in the falling wedge currently a daily candlestick close above 107.

[D]

Again line in the sand will confirm.

[A]

The pattern clearing the path for the bitcoin rise towards the wedges bullish targets. So here's the lowdown.

[D]

We got to get back above 107, get a daily close there and then.

[A]

124 and a return to price discovery.

[D]

Becomes realistic once again.

[A]

But until we can recover above 107 we're probably just going to continue trading sideways.

[D]

And like I mentioned, this shutdown malarkey fugazi is not helping. The rissof signal has shifted back to.

[A]

The lowrisk regime showing selling pressure is easing as bitcoin recovers.

[D]

Private wealth manager Swiss Block said in its latest bitty analysis quoting them here. Bitcoin now needs to reclaim 108 to 110 confirming recovery as risk stabilizes and goes to zero. And if you don't know. Now you know.

[A]

Okay, next story of the day bros. Bitcoin ETs roar back like a roaring kitty. A boring kitty. 524 million million worth of inflows. This is the best day for the ETF since the market crash began. That's right. Bitcoin ETFs are showing signs of recovery signaling a return to the risk appetite following the record crypto market crash early October US spot bitcoin ETF saw over a half a billion worth of the cumulative net inflows on Tuesday marking the highest daily amount since October 7th according to the far side. Now the 524 million of inflows is the the highest inflow since the crypto market crash which was October 10th literally a month ago which delivered a significant blow to the crypto investor appetite.

[D]

I'm still hungry.

[A]

I don't know about you. The positive daily inflows are a welcome signal for the bitcoin holders as investments from the ETFs and Michael Sailor strategy were the two main vehicles driving demand. That's right, Sailor did announce, you know, another purchase on was. It may have been on Tuesday due to the holiday. I think it was Veterans Day or whatever, but nonetheless. Or was Veterans Day yesterday? I think it was yesterday, so my apologies. He did make the announcement. Then Monday they did make it, but it was a small, insignificant purchase and what we're accustomed to, but nonetheless it's still an inflow. So thank you, Michael. The growing demand from the ETF buyers came the day after the U. S. Senate approved the funding package that brought congress one step closer. So, you know, as I say, close but no cigar.

[D]

That just means we're still shut down. Yeah, I mean the development inspired a.

[A]

Repositioning for more upside amongst the industry's most successful traders. Tracking smart money traders on the Nansen's blockchain intelligence platform, smart money traders added over 8 and a half million worth.

[D]

Of the net long positions, signaling growing optimism.

[A]

However, smart traders were still net short 200 million on decentralized exchange hyper liquid now despite the retail concerns over the end of the bull, Bitcoin's current correction.

[D]

Remains in a healthy range, helping reset leverage, paving the way for renewed institutional entry.

[A]

Looking ahead, all eyes turn to the November 13th CPI.

[D]

That's tomorrow, Brosis. Though a continued data delay from the.

[A]

Government shutdown adds uncertainty.

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[A]

Cooling inflation data may ease geopolitical concerns and lead.

[D]

To a liquidity driven rebound for for.

[A]

The Bitty Meanwhile, sustained inflows from Bitcoin ETFs may signal the de risking phase of the ETF hudders is coming to an end as investor demand for digital assets is returning after the crash. Meanwhile, Bitcoin ETFs have mostly been in the red since the October crash, since the government shutdown which was officially announced October 1, with daily outflows reaching up.

[D]

To 700 million, which pointed to the.

[A]

Bright broader de risking phase amongst ETF investors. But there's the latest show. I mean, let me know if you're optimistic that we're about to reopen the government again.

[D]

But my understanding based on what I've.

[A]

Witnessed, as long as the government is.

[D]

Shut down, Bitcoin's going to struggle to.

[A]

Reclaim its all time high.

[D]

So we should be in price discovery right now.

[A]

That's what history shows us. But we're not.

[D]

We're but then again the government's shut.

[A]

Down so they can use that as an excuse to sabotage our bull run.

[D]

And here we are.

[A]

Next Story nationally chartered bank SoFi rolls out crypto trading for US customers this was a big story actually I broke.

[D]

A couple of days ago and there was a new article published on the topic.

[A]

So let's dive in.

[D]

US bank SoFi Tech launched crypto trading.

[A]

Services to its customers as a clearer rules have allowed the crypto market a court greater interest from traditional finance, better.

[D]

Known as the trad fi and Sofi.

[A]

Said Tuesday Taco Tuesday that its crypto.

[D]

Service will aim to offer dozens of crypto including Bitcoin and ether and started in a phase rollout Monday with more customers able to gain access in the coming weeks. SoFi CEO Anthony Noto shared on Squaw box on Tuesday that his bank is the first and only nationally chartered bank to launch crypto trading to consumers and was spurred to do so after the Office of the Comptroller of the Currency eased its stance on how the banks can engage with crypto back in March. Quoting them here. One of the holes we have had for the last two years in crypto the ability to buy, sell 67 and hold crypto. We are not allowed to do that as a bank. It's not permissible. So now the rules have changed. SoFi withdrew from the crypto industry back in 2023 as a condition of obtaining a bank charter in a stricter regulatory environment. The bank returned to crypto back in June. Then it rolled out the international payment options, allowing conversions from the fiat to the crypto and transmission via the blockchain. SOFI also plans to introduce SoFi USD their own stablecoin.

[A]

Not surprised there backed by the dollar for the reserves and integrate crypto into its lending infrastructure services for borrowing and faster payments. Quoting him here, their CEO we believe.

[D]

Blockchain and crypto are the super cycle technology just like the AI and it.

[A]

Will be pervasive across all financial system. He also added that stable coins would fundamentally change the game for the payments provided they have liquidity and don't carry the credit risk or duration risk. He said, I actually worry quite significantly about stable coins from operators that are not banks. Where are these reserves sitting? Is there duration risk for those reserves? Is there credit risk for those reserves? Are those reserves bankruptcy Remote? Good questions. That's three elements that you have to think about with whatever stable coin you use. Just because it's backed by the dollar doesn't mean those dollars will be there when you try to liquidate. And he makes some good points there. Be careful. Sofi has over 41 billion in assets.

[F]

Good lord.

[A]

According to their financial metric platform. So this is a juggernaut in the space. The bank's third quarter results risk list. It's not revenue as 962 million, showing a member base of 12.6 million. Noto says 60% of the bank members surveyed were interested in crypto investments and they revealed he had allocated 3% of his personal portfolio into crypto. Here's the kicker.

[D]

Mainly bitcoin.

[A]

So the CEO of this almost 50 billion dollar platform, 3% of his personal net worth is mostly in Bitcoin. Respect it.

[D]

But why so bearish, bro?

[A]

Do even bitcoin, Bruh.

[D]

Welcome to the Bitcoin show.

[A]

We have exposure, he says to it, because I believe we're investing in a tech, not a currency. The analogy I use with people is imagine if in 1990 you could have bought a piece of the world Wide web through some coin called Worldwide Webcoin. It's very similar to that. These are networks, communication networks used for payments and other applications, according to the CEO. Next story. Bitcoin wave three expansion. I want to talk to Samson is targeting 200,000 as the sell side pressure.

[D]

Fades into the abyss.

[A]

That's right. Check it Bitcoin's long term price structure showing a renewed strength. Look at that flex as the analysts anticipate the next phase of the parabolic expansion. I want to talk to Sam. Bitcoin has once again rebounded like a young Dennis Rodman from the 40 week simple moving average Mr. Van Lagan said the corrective wave phase two appears close to completion wave three expansion on the horizon Completion of the pattern could push the Prelo Biddy to 200000 as high as 243th 000 in the coming months I say we go somewhere in the middle 222 send it but yeah referencing the infamous Elliott wave theory which we cover quite often here in the pod he said step like Elliott wave model suggest the bitcoin forms a solid base before each major breakout the Same setup.

[D]

In 2019 and 2023 proceeded steep rallies suggesting that the current consolidation could be the launch paddle for the next parabolic rally. And the crowd is going wild. Meanwhile another trader by the name of Jelly I mean you gotta respect Jelly says bitcoin continues to face resistance near the midpoint of the long term ascending price channel Once the level is cleared the channel's upper boundary is near 350000 implying strong upside potential I mean 350 G's baby as virtually a 3.5x from the current bitty price action. 350 or I'd say 350.

[A]

100 yeah 350 100. Is that a word? 350 100. It just sounds weird but anyways Macroeconomic researcher Smithan with what a tongue twister. Try to say that three times fast as you can JB Smith and with Sminton with Sminton with said the broader economic conditions could soon favor the risk assets such as the pretty little bitty said the U S Purchasing managers index the PMI is a measure of the business activity it stayed below a 50 for nearly three years marking the longest economic slowdown since records began 1948 that's before the technique 12 hundos historically such extended downturns are followed by the strong rebounds as the business cycle recover with arguments of this rebound being a mean reverse often drives investors back to the higher risk assets setting the stage for the imminent risk on environment Thus the pre little bitty being in a high growth speculative asset could become the main beneficiary of more confidence returning to the markets. I mean if you ain't have confidence in bitcoin, that means you don't understand the dollar.

[H]

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[A]

NMLS 696891 if you understand the dollar.

[D]

You have nothing but confidence in bitcoin, man.

[A]

It's just a fact, Jack. In fact, it's a sexy bitty blackjack. But anyways, while the long term structure remains bullish, Bitcoin short term price seeks confirmation. On Tuesday, bitcoin filled the CME gap was like right below 104 or 105. 104. But according to the Glass node Futures open interest down October 10th liquidation event. The derivative activity is slowing across the exchanges. The average bitcoin futures order size also contracted sharply reflecting reduced participation from the whales and increased influence of the smaller retail trades. However, onchain liquidation patterns might be signaling a bullish reversal. In fact, High Block Capital showed a cluster of the long liquidations observed November 4th and Friday. Nearing 100g preceded the minor recovery, suggesting localized mean reversion. And we're damn near 1500 away from that level at the time of the live.

[D]

You know, I mean, Bitty doing its thing. Next up, we'll discuss the path to one Milli Omega candle. God candle, the Buddha candle, the Nipinator candle, the Auto Gator candle, the Gohan candle, the Goku candle. You hit him with the Piccolo and the Krillin. Yeah, I mean the Master Roshi can't. Whatever it takes, we're gonna discuss it. Stay tuned and we'll do some live.

[A]

Q A and I'll stick around for the top of the hour.

[D]

200 GS and baby, baby, now we're talking. Crumbler. We get the better northern lights hitting tonight. We're going a little bit west tonight. Get away from the light pollution.

[A]

Word.

[D]

I was able to see the northern lights from the house last. I like to smoke the northern lights personally, but that's just me.

[A]

I know.

[D]

It's a beautiful sight. It's a beautiful thing. The wonderful thing about Bitty is Bitty.

[A]

The wonderful thing next story of the day. This is our feature Story Bros. Bitcoin Path to one Millie is clear as.

[D]

The OG Sellers fade into the horizon.

[A]

That's right, former chairman and co founder of Coin Route and now president of the Better Trade Digital Dave Weisberger. Sounds pretty wise to me. Use the November 11th video to restate Bitcoin's long term bull case. Ultimately a 10x from here, right? Arguing that the market's morose sentiment and.

[D]

The technician driven calls for downside or.

[A]

Missing the structural shift underway on both fundamentals and and the market micro structure. He framed his analysis in two parts while Bitcoin is being bought and what.

[D]

The current market structure implies, contending that.

[A]

This thesis towards seven figure bitty remains intact even without an obvious near term catalyst. I got to agree with that. I mean I've seen Bitcoin 10x already eight times since I discovered it in 2017. Is it going to stop 10xing?

[D]

I think not.

[A]

Just a matter of time. On the fundamentals he drew a direct comparison with goals, monetary role and size and we did just hit like 30 trillion all time high market cap in.

[D]

Gold maybe a week or two ago.

[A]

But anyways, citing an above ground market.

[D]

Value of around 28 trillion and about 7 trillion in known reserves below ground wise, Burger argued that roughly 80 of the goal value is monetary, not industrial.

[A]

Using the platinum gold price relationship as a proxy. Quoting him again.

[D]

Gold today trades at about two and a half times platinum, which for most of my life was about double the price of gold, he said, adding that platinum is 30 times rarer and more valued by women in jewelry. That's right, platinum always costs more than gold. I'm sure you guys know that too. And from the relative value lens he estimated gold's monetary value fully diluted to be 28 trillion. That's nuts. Considering the Bitcoin total market caps 2 trillion, that's a 14x now contrasting with the bitcoin fully diluted market cap as I just referenced is roughly 2 trillion at today's prices. So if bitcoin equals or surpasses gold on monetary characteristics, he argued the gap implies transformative upside. You say that again. We call it a super candle Bitcoin Super Saiyan. It could rise to the equal that of gold or better. Except it's better than gold. I agree with that. On monetary characteristics I I love Max's quote. Gold is the poor man's Bitcoin is what it is. He emphasized that Bitcoin's native digital finality, resistance to counterfeiting, divisibility, transparency, programmatic supply schedule, benefits that Also avoid gold custody assay and transport frictions. Try traveling with some gold bars.

[A]

Good luck.

[D]

And even in a scenario where fiat holds his value, he suggests network adoption alone could warrant a multi fold repricing in a debasement regime. He said asymmetry is stronger. Bitcoin Super Saiyan as the bitcoin network.

[A]

Grows and gains acceptance, It'll likely rise 10 times or more. Like I said, I've seen it rise. What is that 8,000% since I got started and I think it'll continue to 10x and that's what that's actually always what I look forward to. The next 10x and the next 10x is that 1 milli mark or I damn near say 1.1 million. Send it. But Weisenberger on the other hand, he revisited the fastest horse and that was actually coined by what's his name, Ray Dalio. He called bitcoin the fastest horse in the race. You can't short your dorks can't afford that. Framing popularized early covet error liquidity surge pointing to Paul oh that was Paul Tudor Jones. My apologies Paul Tudor Jones thesis, not Ray Dalio. In May of 2020 he acknowledged it referred to bitcoin as the fastest horse in the race and remain viewers that the price did nothing for months before the steep acceleration from October through subsequent euphoric legs higher. Speaking of nipinator legs that's the indicator we've been looking for. But anyways on market structure Weisberger took aim of the four year having cycle as a predictive template. Historically he said cyclical behavior followed a pattern having a six month period minor incentive doubt then a relief to euphoria rally later bled into the alts rotating before the broad drawdown. So million dollar question remains is the four year cycle still intact? In my humble opinion probably not. But we shall soon see as they say around find out JV, Nip and 8 are out there minds right now. He argued the dynamics of losing relevance because the supply has changed now irrelevant for the amount of demand going on. But I'm not going to get any deeper into this. It's actually a very long article. He has a two part analysis and ultimately the fundamental case for 1 million Bitcoin in today's dollars and why the current gloom is unwarranted now and a great time to accumulate. But I do agree with that concept and Happy 1111 bull case for the bitty because obviously this is the most bullish time of the four year cycle but there happens to be a government shutdown so most likely. I say now 80 probability we're gonna have an extended cycle and versus 2026 kicking off the bear. I think for at least for the first quarter it's going to be bullish and I think we'll break whatever height we achieve for the rest of this year. But I don't even know how high we're gonna go anymore. I was very optimistic of hitting 222, 000 this year for a long time. But with a government shutdown it doesn't seem like it's gonna happen. However, I hope I'm wrong and I still Hope we can hit 200000 this year. But now I'm very skeptical of anything major happening this year while there's a shutdown. However, next year I think we'll have a big run up next leg up and I think we'll still hit multiple six figures. How high she climbs.

[D]

Let me know.

[A]

I'll entertain your comments and read them out loud. But you already know how I feel. And there you go. Bring the rats equals bring the facts. Funny on the words.

[D]

I get it now.

[A]

Definitely not the fastest. Just the first out of the gate.

[D]

It's the fastest.

[A]

How many of us will disappear into the crowd when a bitty hit a millie? No more job, no more rat race. Take that evil doers. I don't need a bitcoin to do.

[D]

Anything to disappear into the crowd.

[A]

We're all satoshi and we're gonna rock.

[D]

The V for Vendetta mask and just be good.

[A]

So I came in late to the show. Y' all talk about how to Taiwan trying to put a biddy in their central bank.

[D]

Oh, actually I did repost that news today on my timeline, but we didn't dive in because I didn't see a published article with insights on it. But I did share the headline. I'm glad you brought it up. I think by tomorrow there'll be something published on it and I'll be able to just like bring you whatever the data is. But because I didn't see any specific data on it, I didn't really add.

[A]

It to the show today.

[D]

But that was the headline I shared earlier. Shout out bitcoin historian. Breaking news. Taiwan Central bank to officially pilot a strategic bitcoin reserve. Absolutely massive. Agreed. More adoption. This is bitcoin game theory.

[A]

Also, shout out Max.

[D]

At the bitcoin historical event, the legendary Russell Brand was speaking. I'm sure some of you guys probably got to see some of these clips.

[A]

And don't forget to check out bitcoin news alerts.net for the full premium experience with video and to participate in the live stream along with the Q and A. And I look forward to seeing you on tomorrow's episode. Hoddle.