Bitcoin’s Next Move Comes Down to the Fed? | Trading The Market: September 16, 2026

26:16Bijan Maleki:And like you said, Chris, I think it takes away the risk of them not being allowed to come into the US market because do they even need to at that point? Right. I mean, effectively, they are. And it eliminates a lot of the friction, because even if you are in a approved jurisdiction to use hyperliquid right now, it's clunky. I mean, you have to be, you know, a experienced crypto, you know, not in whatever insider user, you know, you have to know how to transact on chain, you have to know how to move your money from different chains to chain. I don't I can't tell you how many Real Vision users that we know of that had trouble even getting to it, you know, let alone using it, let alone try it's, it's, it's not impossible, but there is a steep learning curve, especially for people who are new to crypto, you know?

27:07Bijan Maleki:And so to eliminate all of that friction and just be like, I can log into Kraken and trade perps and I don't have to even know what coin or hyperliquid even is, you know, that's cool. And so, yeah. Yeah. And plus, I think a lot of people like the, I don't know if this is the best word to use, but they like the safety or the peace of mind that they get from a centralized exchange like a Kraken and Coinbase as opposed to decentralized. So that also, I feel like helps It's just the psychology of it. Yeah, definitely. Huge. I mean, I think the friction is the biggest point. Compare using Hyperliquid to going on your Robinhood app and swiping three times to get into a position.

27:48It's totally different.

27:50Bijan Maleki:Yeah.

27:54Removing the friction, I think, will do worlds of good for Hyperliquid. I mean, it's already an amazing platform. It has tons of users and tons of revenue. But I think this is going to take it to a whole other level. I think like Bijan said, like this is probably the biggest development, you know, of theirs other than just like launching Hyperliquid. But like of the dive tracks since they've been out, I mean, this seems like a huge move for them.

28:18Bijan Maleki:Yeah. I'm surprised why the token's not like 20 % on the announcement. Yeah, that's what I just said. Yeah, it will once the fees kick in and they use those extra fees to buy back and burn. Then people, I think, will realize, oh, this is really happening. But it just seems like that's what Hyperliquid does. Everything that they've added is more bullish than the previous thing. Right. First, they were doing the buy back and burns, and that was novel at the time. Then they introduced perps trading outside of crypto, for that matter. And that was very novel and great at the time. Then they had that deal with Circle and Coinbase where they were going to get stable coin flows in.

28:56Bijan Maleki:and they were going to take fees from that. And that was very novel and bullish. And now this, it just seems like they just keep their progress. It's like kind of what Chris says about the AI earnings. They really need to go above and beyond and just blow you away to keep showing that progress. And that seems like exactly what Hyperliquid has been doing. So definitely one that we're going to keep watching for. Chris, do you have anything else on your radar that you wanted to go through and chart for us? Yeah, I'll just go through a few, a quick few, and then we can get onto what Ryan's got for us today.

29:34Bijan Maleki:But let's see. A few others that really stood out to me were Zcash continues to just buck the trend, continues to rip. And because Zcash is continuing to do that, Near also is continuing to do that. Now, not to the same degree, but I want to go back to, So I keep continuing to use this big breakout oops Wrong button try this this big breakout candle as The you know the benchmark that we talked about from a well a few weeks back now Anything that's well above that at this point is is doing well and is something that we should be paying attention to you And near you can see is is well above that.

30:13Bijan Maleki:I mean they're they're all the way up here They have a they're green on the day The market isn't really that green on the day In fact, a lot of stuff's down and near is one of those that is green on the day. It's benefiting from Zcash right now. And so as Zcash does, so too does near, at least in this moment in time when the two are kind of kind of they're not connected, but they're, you know, the deal is I'll recap. The deal is basically near is the one blockchain where you can natively trade private Zcash transactions. So that's that's what people are using it for. And so it's the only other blockchain in the third besides sort of Zcash itself.

30:54Bijan Maleki:And so that's what's happening. That's why Nier is benefiting from it. And it's, you know, as it does, so too does Nier. So Nier looks really good. And then I think I wanted to point out, well, Hyperliquid, there's, hold on, not Hyperliquid. Was it Venice? Yeah, Venice is also continuing to just put in new highs. is actually all-time highs even, and is above the big candle from a few weeks back too. So I don't know, but real-world connection, people are using Venice AI in the real world, and they're benefiting from it, and the token is benefiting from it. So the AI play is strong. And then I think Uniswap, I just wanted to touch on too.

31:37Bijan Maleki:Where is it here? Uniswap. Now it's down a little bit from last week, but here, look at this too. Like again, here was the breakout candle back down here. And it's just way up. I mean, way up off of that. And so compared to just real quick, like looking at a lot of the ones have kind of rolled over. Even the good ones have sort of rolled over and are now a little bit below that weekly candle close from a few weeks back. Like Bitcoin has kind of rolled over. It's a little bit below. Even Ethereum, not as bad. It's also a little bit below. And kind of the big ones are all steady or sideways or rolled over a little.

32:14Bijan Maleki:But in that in that mix, we've got a few, like I said, that are just continuing to rip, continuing to just like, you know, buck the trend and don't care what the rest of the crypto space is doing. And so, yeah, I wanted to call those out. But also Derive, man. I mean, Derive looks insane. So, yeah. All right. So some some good stuff on our radar as well. Ryan, let's talk about what you got. What the hell is Ripple? How is it going to save me from myself? Because I'm a guy, you know, I hear about Fartcoin pumping and I just want to YOLO the top. I don't care. How is that going to help someone, you know, just in general?

33:01Bijan Maleki:How is that going to help us on our trading journey? How is that going to save us from ourselves? And, you know, because I think one of the more important things in crypto, Even more important, I think, than profits, even though that's what we all want, is risk management, because you can't make profits if you've lost everything. So tell us what's going on here. Yeah, so Ripple was kind of started a few months back now. And the idea actually came out of the, you know, Real Vision Discord in some ways. Just to give a quick backstory in case someone didn't hear the AI show. But basically, you know, I found a creator that I was having a lot of success with, started kind of sharing it with the community because I thought other people could benefit from it and just started seeing like people struggling, taking the same exact signals from him that I was getting wins out of.

33:53And I was trying to figure out like, how are we experiencing this so drastically different, even though we're getting the signal at the same time and it's the same thing. um and i think it just comes down to kind of availability um to be like when you're trying to follow someone you know being able to see the signal in real time is kind of important because if you don't by definition a lot of times you're chasing um so you know if the alert goes out at you know the contract is a dollar and you see it at a dollar fifty and you get in because you think it's going to keep going up and lo and behold nothing goes up in a straight line and it starts correct and your stop loss gets triggered while the original the people got in originally are kind of comfortable because they're at break even now or something and they let it go and it turns into a big winning trade while you were stopped out for a you know 40 loss or whatever um and that's kind of the scenario that i was like seeing play out over and over again and then i was so i was talking to you know everybody in the chamber of trades channel and trying to kind of help people figure out like what trades to take what to avoid maybe and then someone made the comment like i I wish we could just, you know, automatically get his signals into my brokerage account or something to that effect.

35:04And I was like, hmm, I wonder if we could do that. So long story short, we kind of made a very rudimentary version of Ripple, like back in the beginning, very beginning of the year. And I was just using it or we were just using a small group of traders for personal use, kind of replicating contract sizes into our other accounts. And it was just making things more efficient for us. We were just using AI to build. but didn't really have any like commercial idea for it until that comment. I kind of went back to some of the guys and was like, hey, I think we might be able to, you know, if we really built out some more features and made it a little bit more robust, mainly risk management features that could help some people, you know, follow creators or whoever they're trying to follow or stick with in a more efficient way.

35:53um and i don't like personally i don't view this as a like long term you're going to use this forever type of thing you certainly could you know if you're having success with it that's great personally where i see like the biggest benefit is someone that's newer to trading whether it be crypto or trad fi we are trying to we're working on adding crypto integration so hopefully that'll be soon um but when you're new to trading you know if you can find someone to whether it's someone on the real vision platform that's giving trade ideas on there, or whether it's someone in a random discord, you know, on, you know, that you found on X or whatever it is, um, being able to get the signal instantly into your brokerage, um, in a way that while you're learning is almost impossible.

36:41Um, because when you're learning, you're still trying to figure out like, what buttons do I click to get into a trade? And that's, I saw a lot of that too. Like there's a lot of new people coming in. And I think people were just getting burned. They would leave the discord because they blew their account or whatever. And it was basically all came down to different versions of an execution gap, whether you saw it too late or you couldn't execute at the right speed. You just hesitated because you weren't sure. I think for the people that are newer, it'll provide a lot of value in that they can be in the trade, participate and kind of see how it plays out, how it should play out in real time and in your account.

37:21If you want that, you could obviously do it through paper trading and stuff, but you're putting in a lot of hours and it's a process to go through for sure. So if you're looking to start real trading, generating some returns, hopefully, and you found someone that you think fits your trading style, I think Ripple really helps you just kind of smooth that transition into how you're going to end up following them. Hopefully eventually on your own, you don't need Ripple per se. But at its core, it's a way to simplify automated trading or copy trading with a lot of extra risk controls put in that keeps the user in control.

38:00That was kind of our main thing is to be creator friendly as far as like a economics standpoint. And from a use standpoint, be really user friendly and that they get to maintain absolute control over position sizing stop loss take profit percentages all the things um if you want to just mirror a creator you you can do that um personally i'm excited about the enabling risk management into automated trading in an efficient way so that's kind of a quick overview of it i can give like a quick demo of the site if you want or we can kind of just talk you know free free wheel it whatever you guys think is best for uh i guess we have about 20 minutes left so yeah i mean i think chris what

38:42Bijan Maleki:you think a demo perhaps yeah i think maybe pull up the site pull up the site go into like the risk management section specifically because we you know on the ai show we talked about a lot of just the broad overview of the site so i think if you missed that show go back and watch that show because you'll get the rest of the the rest of the picture you know but we want to focus on specifically the the options that are available to you for the risk management side so that you can control your downside while still following somebody who's maybe trading with a much larger account than you are. And I think that's important to highlight.

39:15Yeah, absolutely. I mean, that's, that's the biggest thing is to me is like sizing correctly for not only your portfolio size, really, but even just your, your general financial situation, you know, like somebody that's trading for a living is probably, and should probably be sizing differently than someone that has a job and is just kind of trading in the background as a side hobby type of thing. So I think it's important to be aware of not only your portfolio size, but like general life circumstances. Do you have people that are depending on you? Be aware of the risks you're taking and be more cognizant of that.

39:50So just to kind of put that disclaimer out there. But yeah, so to go, this is just a demo site on Ripple because that way I had data populated and everything. We can kind of see a little bit of what you would see for a true user experience. So you log in your account overview. This is kind of your dashboard where you just kind of get a quick high-level view of what's going on in the account, value, P &L, allocations, trades per day, and then kind of who you're actively subscribed to, and then what your open positions are. so it kind of just gives you a high level overview of what you have going on and then we can kind of get into let me go gradify here so the way you would kind of find a creator if you weren't like given a link from their discord or something like that but if you just came you know through public domain to ripple again this is mock data but once we have some traders on the site we'll have a leaderboard where you'll kind of be able to see performance, you know, versus their peers and kind of, you can go in and click into any, any creator, sorry, and get a little bit deeper dive into what, what their style is, you know, what strategies they're running because they can have different strategies.

41:13So a creator might, you know, have different subscription tiers where you get access to, you know, on a basic plan, you get access to automate one of their strategies. And on like a premier plan, you get, you know, access to any strategy or something like that. So you can go in, see all these different strategies, check out how they've been performing over time. How many, you know, how many trades per day they've got, they've been booking average length of hold, win rate, you know, average P &L, all that kind of stuff. And then once you kind of figure out what you want, that's when you, you know, if you selected a strategy through that process, you'll get prompted to go through the risk management setup.

41:55So this is kind of what we were talking about mainly. So you can have a manual review option. And that's the simplest to go over because basically you're just going to get the signal. You'll get a notification that you had, you know, a signal populate into your profile. And then you can go in and review it manually. and kind of a one-click approved process or you can go into a more automated flow and then so you can connect your brokerages um and we are still working on integrating more brokerages but we have six if i'm not mistaken currently integrated um and current the one we're working on right now uh is trying to get schwab integrated um so that'll be a big one um but This allows you to pick what brokerage you want it to go to, what account.

42:44And then you can set, so for this specific strategy, you can set a maximum allocation. So if I had a$100 ,000 portfolio and I wanted to allocate 10 % of my portfolio to this strategy, I could say$10 ,000. And if I wanted each trade to be 10 % of that, I could use 1 ,000. You can also contract or specify number of contracts or number of shares if you want. if you want to do it that way. I recommend using dollars personally, just I think it's a lot more efficient from a risk management. You know exactly what your exposure is all the time. You can specify when you do and do not want to trade. So a lot of people don't like to skip, don't like to trade during like the first 30 minutes of trading because it's a little bit volatile and you can get some wild price action swings.

43:34So you have that option, you can customize it. You know, you can skip power hour, which is the last 15 minutes. Typically, the market on close action can also get a little wild. And, you know, you may not want to be in a position at that point. You also have a ticker exclusion and inclusion list. So you can either allow, you know, if you only have a handful of tickers that you want to trade or if you want to disallow certain ones, like you don't want to trade indexes or you don't want to trade mag seven or whatever it is. You can add them and kind of build a disallowed ticker list for that specific strategy again.

44:11And then you can kind of modify that over time. Execution settings. So slippage is, you know, if anybody's not familiar with slippage, something you should get familiar with. It happens in every market, but options markets can move quickly. um so like if if an alert comes out again i'll use a dollar for the contract price and you know in the few seconds that it takes to get to hit your account if the price has jumped you know to a dollar 20 because a lot of other people got in or whatever the reason might be iv spikes you know if there's like a news trade coming iv spikes can cause massive jumps in option premium like instantaneously um so there's a way you can kind of protect yourself from getting a quote bad fill with slippage tolerance.

45:00So you're going to have, I always recommend having some slippage tolerance because you don't want to not get a fill if it's two cents over their fill price or something. But we also have a warning, like if you try to go to a crazy amount of slippage, we'll warn you that, hey, this is an elevated risk. Make sure you know what you're doing kind of thing. Our own imposed ripple limit is 25%. um preferably we would not like to see you go over that but based on your trading style if if you want to you're certainly able to for sure um you can also cancel um this is i think this is an important thing that people a lot of people don't think about so you can cancel it after a certain time period um because let's say that scenario plays out and it went to a dollar 30 before my order got in and I only wanted to fill at$1.20 or better.

45:52Two hours later, price might come back to$1.20 and I could get that fill, but it also might be because the stock corrected and now it's in a downtrend and I don't want that fill anymore. So my personal belief is that I'll probably cancel these after a few minutes, maybe 30 minutes at the most. And it depends again on your trading style are they day trades are they swing trades are they leaps um so you just need to be aware of kind of what environment what instrument you're trading um and then the exit rules i would say are probably another key thing you can this is what i was talking about you can kind of set your own um stop losses and it's just a simple you know percentage stop loss uh same with take profit you can you know move it up and down um the match trims uh is one thing that we took a took a little while to work through to get the what i thought was the proper risk management embedded into this because you are kind of at the whim of whoever you're following so this is basically saying i'm getting in with them and i'm getting out with them and i'm doing whatever with them in between so if they're adding to the position or they're trimming the position i'm going to do that as well so what the logic i think is important to understand so i'll go through that real quick so So there's a hypothetical scenario in here.

47:13So let's say that the trader you're following opens up 35 contracts and your risk parameters cap you based on the dollar amount that you don't want to be over at 12. So you're going to fill with along with the trader, but you're going to fill at 12 contracts. So what we've done is basically create like a ratio, starting position ratio, and we're going to try to keep you as close to that position ratio as possible. So if the trader trims 19 contracts, keeping 16, you're going to sell seven and you keep five to keep that ratio as close as possible. Now, if you're over, so if it was like five, if the actual math, it's not shown here, but if the actual math was like 5.64, let's just say a random number, that would typically in traditional rounding, you would round that up to six.

48:07But because of risk management, I want to shade on the side of being conservative whenever we can. So we always want to keep exposure as low as possible, but still as close as possible, if that makes sense. So that's kind of to keep that in mind, the logic behind that. So if they added six, you're going to add two, you keep seven. And then if they kind of skip through, but you can kind of follow along. So you're going to add or trim with them. And then if they close the trade, you'll close it with them. So if there's any, that's kind of the major points to hit on, I think, from a risk management perspective.

48:43But I'll kind of pause there if there's any questions, you know, any discussion. Open it up to you guys for a second or I can keep going.

48:56Bijan Maleki:I'm okay with you keeping keep going unless you got something for him, Chris. No, go ahead. All right. So then the crypto side is actually something I kind of wanted to bring up and ask for some input back on. Because, I mean, I obviously know risk, you know, there's a lot of risk controls and a lot of the same ones would apply. Stop loss, all that kind of stuff. But there's also a lot of other things to be aware of in crypto. So like, for example, the slippage tolerance kind of along the same lines, you know, maybe for like a risk control on a crypto side of things, you're not entering trades if the liquidity pool is below a certain amount per se.

49:42So there's definitely some different dynamics to the crypto markets than TradFi. We all know that. And so we're kind of trying to think through, like, how do we keep a similar process in crypto and what are the other things we need to be considering? So just opening it up to the community, like I'd love for people to ping me if you think of anything like any good ideas for risk controls. We're open to any suggestions. Again, we want to make it as user friendly as possible. So user feedback would be highly valuable. but our thought is we're going to try to integrate with hyperliquid because they're easy to work with it's a simple integration it's pretty streamlined a lot of people know what it is it has deep liquidity it's probably the best venue for us to be trying to integrate into I think over time we may expand out from that and maybe try to do some on-chain stuff so that we could maybe do memes and trenches and all that all that fun stuff that people love to do but that's not our main focus right now i would say that's not uh risk management

50:51Bijan Maleki:definitely not um if you can risk manage memes then you can risk manage anything i would think so maybe that's like the boss level uh for when you do eventually add it yeah the only way i know to risk management in the trenches is like$10 positions.

51:12But yeah, so our thought was to kind of have a curated list of hyperliquid wallets that we've kind of like established that have a track record of profitability and kind of just basically elevating them to the community's attention so that you're not having to go out and find these things, do the screen, do the research, you know, who's doing what and who's profitable, but basically just highlighting a list of wallets and kind of maybe some characteristics of those wallets so that you can kind of understand what to expect. Another dynamic that's a little bit different from the TradFi side is it's all open source, right?

51:51It's all open ledger. So in theory, you could just copy any wallet that you wanted. One of the thoughts we had was to allow, you know, if there's someone like, say someone popular on X and they have a, you know, they have a following or whatever. If their wallet was on our site, one of the things we're kind of contemplating and leaning towards is allowing them to kind of claim that wallet so that no one could follow it for a free or reduced fee. If they wanted to try to monetize their value in some way, you know, we would kind of facilitate that, I guess that you could then, they could start allowing people to follow them by paying for a subscription.

52:30It's not to say that you can't go follow them somewhere else and do it. It's just maybe not as easy and streamlined. So that's kind of the thought process on the crypto side of things. You guys were talking about football earlier and betting. It was kind of funny. Actually, two days ago, we kind of started working on polymarket integrations and creating some kind of fun little bot for all the major sports. so you might be able to put in like you know I want to take overs you know if you had certain betting rules you know like if you're I'm not a better I'm not a gambler like for on sports I gamble plenty on in the markets but like if you are someone that is into betting I know there's tons of people that have like systems and strategies and we could kind of allow you to create like rules so like you know if there's a under you know that meets this criteria at the end of the third quarter, I want to place a bet, you know, at this value or whatever.

53:31And it just automates that process for you so that you don't have to be there watching every market, watching every game per se. So that's like, I kind of think a fun thing that we're working on. I think it could provide a lot of value to people. Again, I'm not a better, but there's a huge market for it. So it's definitely something we're exploring. And I think we could just make it a bit more enjoyable than having to sit there and stare at a polymarket uh screen while you're watching football so um or baseball or whatever it is um so yeah that's kind of like a quick rundown of the the platform overall i would say one more thing i wanted to highlight that kind of pertains to the real vision community a little bit is i see or we see um a lot of self-builders coming out of the woodwork over the next few years.

54:22I think it's a pretty foregone conclusion now with AI being out there. Everybody can come up with a strategy. Everybody can come up with an indicator or whatever you want to do it, whatever you want to do. And I've already talked to a couple of people from the Real Vision community that are more established and are known as more systematic traders and possibly integrating into Ripple so that, you know, we can act as like a distribution engine for them. So they already produce a signal, you know, it can be ingested as like a web hook or through an API into the platform, and it allows them to monetize without having to try to like build out their own website, their own following, you know, all the things that come along with that.

55:06So that's another area that I'm kind of excited about and maybe possible, you know, collaborations with other Real Vision community members. I've kind of been talking to math and AI for Plur a little bit. So yeah, that's one thing I just wanted to mention because I think it is potentially specific to the Real Vision community because I know there's a lot of builders out there.

55:27Bijan Maleki:That's a beautiful thing. As a community manager, nothing makes me happier than hearing that communities getting together and working on projects together and helping each other monetize. That's the goal essentially when you good into a communities to find like-minded people uh or you know get motivated by other people to do things and you guys can end up working together or bounce ideas off of each other it's just so great so just love to to hear that and then for any of you that um that want to learn more you can obviously just tag ryan at chamber of x in the discord uh hive chat pro chat whatever he's an early adopter so he'll be in any chat um but he also runs a channel within our discord uh called chamber of trade uh and options 101 ryan so if somebody wants to get into chamber of trade uh they just they can just message you or or right and then that's how that's how we do it right we yeah we had it as um we had the two channels and we had the chamber of trades gated by the being a member of MDT because we were kind of specifically talking about his signals and I kind of didn't want to put them out in public without his permission.

56:43But to be honest, like at this point, there's, I think a lot of those people that are already in the channel have kind of dropped the subscription anyways. Because like I said, they were, they were struggling in the beginning and that's a lot of the impetus for all this. So like, if we want to open that up, I'm kind of cool with that at this point, we're not really like discussing a lot of his calls, like on a daily or hourly basis or anything. It's more like looking back. So it's not like giving away alpha or anything. Like that was my concern at the beginning. I didn't want it to be something like where we're exposing his alpha without his permission.

57:16But I don't think that that dynamic exists anymore. So if we want to open it up, I'm happy to more participants in there. I would love to chat more about risk management. I just think it's such an important topic.

57:27Bijan Maleki:No, absolutely. Yeah, I think we could probably open it up in the coming days. We're at time for today. So Ryan, thanks so much for joining us. Guys, he'll be in the Discord anyway, talking trades and just basically anything. He's just been a great resource over these last four years that I've been here. Chris, we'll see each other on Monday for AI. Anything in between now and Monday that we should be on the lookout for or anything? Well, I mean, the AI trade is absolutely part of everything that's going on with the FOMC, too. So everything I said at the top of the show applies to AI as well. So be looking at that, be looking at the 10-year and the 30-year yields, and we'll see how it shakes out.

58:15Bijan Maleki:And yeah, although I want to talk about Astra too. On Monday, CloudGPT6, oh no, sorry, Cloud, ChatGPT6, Astra. I've been building with that over the last week. I stumbled into that headfirst and it's amazing. And I'm already building some stuff. So I should have some stuff to hopefully demo on Monday. So yeah, it should be good. Yeah, it's amazing. And real quick, let's plug Ripple.ai. Join the wait list if you want to get more information later and when we launch. that's uh you just put it in the chat but that's r-i-p-p-l-l.a. all right everyone um don't fuck this up until monday have a great week and we'll see you guys next week you obviously enjoyed the episode because you're here with me at the end but listen don't forget to go to realvision.com forward slash join and grab a free membership it's an incredible community packed with alpha, great investment ideas, and the research that you need to help you unfuck your future.

59:17Bijan Maleki:So get started now. Go to realvision.com forward slash join.