Podcast Summary: "Bitcoin Price Just Set Another All-Time High, What's Next For Crypto?"

Released on July 10, 2025 | The Wolf Of All Streets with Host Scott Melker

Introduction

In this episode of The Wolf Of All Streets, host Scott Melker delves deep into the recent surge in Bitcoin's price, exploring the underlying factors influencing the cryptocurrency market. Joined by Marcus from 10X Research and Yago, the discussion navigates through institutional dynamics, old versus new players in the Bitcoin ecosystem, technical analysis, and emerging trends like meme coins.

Bitcoin Achieves a New All-Time High

The episode opens with the announcement that Bitcoin has reached a new all-time high (ATH), albeit briefly, before experiencing a slight dip. Alex, Melker’s co-host, notes the quietness in the market despite this milestone.

• Alex (00:00): “Bitcoin price set a new all-time high yesterday for a brief moment before slightly dropping. But it's clear that there's massive bullish sentiment in the market...”

Yago expresses a mix of optimism and caution regarding Bitcoin's continued ascent.

• Yago (01:19): “I just hope it doesn't anytime soon. It's like a coiled spring right now.”

Institutional Dynamics and ETF Inflows

Marcus Zeland from 10X Research provides insights into how institutional activities are shaping Bitcoin's price movements. Despite the ATH, Marcus remains unfazed, highlighting a lack of excitement in the community due to significant selling from long-term holders.

• Marcus (02:04): “Is Thursday and bitcoin made a new all-time high and it's been actually surprisingly quiet... a lot of old wallets, a lot of OGs have been actually selling offsetting really the buying from the ETFs and the buying from the corporate.”

He explains that while ETFs and corporate investments are driving demand, the selling from large, old wallets prevents Bitcoin from soaring higher. The involvement of major institutions like MicroStrategy and BlackRock adds complexity to the market dynamics.

• Marcus (03:32): “...we have a lot of buying from ETFs and corporates, but it's being offset by distribution from the big players.”

Old vs. New Players in Bitcoin Holdings

Yago explores the motivations behind long-term holders deciding to sell their Bitcoin, emphasizing the shift from Bitcoin's original libertarian ethos to its adoption by mainstream institutions.

• Yago (07:07): “...the reason you bought into bitcoin in the first place was because you were paranoid and libertarian. And finally two things have happened... OTC traders are saying to you, for the first time ever, you can take that BTC and convert it to $100 million without putting on exchange.”

Marcus adds that the influx of large holders entering the market contrasts sharply with the old miners and early adopters who are now selling their holdings.

• Marcus (09:57): “We might not really know what Bitcoin actually is or what it does or what people are going to do with it... corporates must have like an end game and the end game is not just sort of like just stored.”

Technical Analysis and Market Projections

The discussion shifts to technical analysis, where Alex and Dan review Bitcoin's chart patterns. They highlight the significance of Bitcoin maintaining its new ATH and the importance of follow-through in price movements to confirm bullish trends.

• Alex (30:07): “...essentially what it boils down to in the short term is do we get a break with follow through or do we trade sideways still...”

Dan emphasizes the need for Bitcoin to break resistance levels with sustained momentum to avoid potential reversals.

• Dan (33:28): “...we would need to really, we would have to break 98000 for there to be major red flags.”

Marcus introduces a statistical perspective, suggesting that historically, Bitcoin tends to see a 20% rise over the next two months after reaching a new three-month high.

• Marcus (21:34): “...the average return is something like 20% over the next two months. That's where this kind of statistic comes from.”

Emerging Trends: Meme Coins and Pump Fun

The conversation takes a turn towards the burgeoning meme coin sector, particularly focusing on "Pump Fun," a project aiming to go public with a substantial valuation.

• Alex (24:13): “Pump Fun is they're going public, creating a token. They're going crypto public this weekend. I think it's about a $4 billion valuation...”

Yago and Marcus discuss the sustainability and potential of such projects, debating whether they represent a calculated cash-out strategy or a genuine growth opportunity.

• Marcus (25:48): “I think it's relatively cheap at 4 billion, I would say. But you know, we never know... the volumes have been holding up quite well.”

Challenges with Content and Platform Restrictions

In a brief interlude, Alex addresses issues with YouTube removing one of their videos due to claims of harmful and dangerous content. This segment highlights the challenges content creators face with platform regulations.

• Alex (27:56): “...the video from yesterday is not there because it was apparently harmful and abusive for me to say...”

Dan corroborates the experience, mentioning coordinated downvotes by bots, underscoring the volatility of online content moderation.

• Dan (29:08): “...there's definitely, you know, YouTube wars that go on behind the scenes.”

Conclusion and Future Outlook

As the episode wraps up, the hosts reiterate their cautious optimism about Bitcoin's future. While recognizing the strong institutional interest and potential for further growth, they also caution against overhyped trends and the possibility of significant pullbacks.

• Yago (19:37): “...this game can go on, I think a lot longer than people think.”

Marcus echoes the sentiment, noting that while some investors may face losses, the overarching trend points towards continued Bitcoin accumulation and value appreciation.

• Marcus (16:52): “I think the question really is how long Powell can, you know, hold the dam here. But I think the market will expect the rate cut in September.”

Scott Melker concludes by encouraging listeners to stay informed and engage with the content across multiple platforms.

Key Takeaways:

1. Bitcoin's ATH: Bitcoin has achieved a new all-time high, reflecting strong bullish sentiment, but significant selling from old holders is keeping prices in check.

2. Institutional Influence: ETFs and major corporations like MicroStrategy and BlackRock are driving demand, yet their purchases are counterbalanced by distribution from long-term holders.

3. Market Dynamics: The shift from a retail-dominated market to one influenced by large institutions introduces new complexities in Bitcoin's price movements.

4. Technical Indicators: Sustained price breaks and follow-through are critical for confirming bullish trends, with historical data suggesting potential for further gains.

5. Meme Coins Surge: Projects like Pump Fun are emerging, presenting both opportunities and risks within the meme coin landscape.

6. Content Challenges: The podcast faces challenges with content moderation on platforms like YouTube, highlighting broader issues of digital content regulation.

7. Future Outlook: Despite potential setbacks, the overall trajectory for Bitcoin remains positive, driven by institutional adoption and increasing market maturity.

For those interested in the intricate dynamics of the Bitcoin market and the interplay between old holders and new institutional players, this episode offers a comprehensive analysis backed by expert insights.