The Bitcoin Bottom Is Looking More Convincing | Trading The Markets: Septmeber 2, 2026

22:23Bijan Maleki:I like what I'm seeing across the board, basically.

22:25Kris Bullock:Yeah, I mean, great pattern recognition, right? Because, I mean, we'll take it back to even 2021 days. NFTs, which is basically just the digital version of meme coins, right? That was leading up to that epic bull run that we got in 2021. Then just what when in 2024, just before Trump took office, obviously, right, Bitcoin hit an all time high. But leading up right before that, it was mean coin season. So these types of things kind of predate, I guess, you know, that epic run up that we're tending to see. So the fact that this is coming back is a great sign and that we're all here now understanding that pattern puts us in a really good position for when it actually comes because we can get ahead of the game a little.

23:15Kris Bullock:That doesn't mean go chase the mean coins. I'm actually saying the opposite. Start going building up your bags for the assets that you actually have conviction in, like the Solanas, like the Uni swaps and things like that. So, yeah, great charts there, Chris.

23:30Bijan Maleki:And notice, yeah, I want to point out that the stuff that's moving is a lot of the plumbing, you know, it's the DEXs, it's the DeFi protocols. It's even in some cases the layer ones or the layer twos, you know, in the case of Solana, in the case of Arbitrum. But note that a lot of this is coming from the Robinhood. I keep coming back to Robinhood. Robinhood is the thing right now in this moment. It is what is driving a lot of these charts that I've gone through. not all of them, but a fair amount of them have some indirect connection to what's going on on Robinhood. So keep that in mind. That likely will continue too.

24:06Kris Bullock:Another thing too, because you mentioned Aave and Uniswap, and obviously we know Hyperliquid is doing, you know, they recently hit their all-time high, so they're doing well. I can't help but draw a pattern to these ones that are doing particularly well are the ones that have basic buyback and burns, and that value accrues to the token as opposed to the treasury, right? So can't help but notice that be, well, I don't know what that necessarily tells me. I mean, I do think that those are obviously, that's a very big trend going into this next cycle. But yeah, really interesting coincidence there.

24:45Kris Bullock:Right, exactly, exactly. Not directly correlated, if you will. But anyway, as you were. Yeah. Oh, while we're on this, because Karen just came in with a question on hood. Won't hood stock eventually benefit from all this DGN action?

25:02Bijan Maleki:Yes, you're absolutely right. Let's take a look at Robinhood stock. I mean, it too is doing well. So looking at it just from the same perspective, here was that same week right here. Robinhood stock did extremely well, but it's been bouncing. It's been in a nice uptrend really since the beginning of August. had a little bit of a down week last week, but is up on the week this week, which is more than I can say for a decent number of stocks right now. So yeah, Robinhood stock is a great way to get exposure to it from that side of things if you want. Perhaps one of the less DJI approaches too, I would say.

25:40Bijan Maleki:Now keep in mind, Robin, there's a lot more going on on Robinhood directly. So when you buy Robinhood stock, you're not directly participating in what's going on on the on-chain side of things. You know, and there's Robinhood, like I said, Robinhood, they trade, they trade all kinds of stuff. So Robinhood is Robinhood stock. It's not the same thing, but it will benefit somewhat from the sentiment side of things that will certainly benefit from the, just all of the activity that's happening. And I think that some of that will come back around to the stock directly, but, but yeah, good, good question for sure.

26:13Kris Bullock:while we're on the questions i do want to take one more uh because this we missed this during the dca questions i was asking but this one comes from midas touch love the username would you save dry powder for hype soul eth until we get through september or dca now kind of similar to what i guess we were talking about but just to give mitis a more direct

26:43Bijan Maleki:um i don't know that's tricky i'm trying to figure out how to answer that without necessarily giving direct investment advice

26:54Kris Bullock:um you know vitis why don't you see the conversation we had about just if it's time to DCA. I think that will address your question because the answer was in that as well, I believe.

27:09Bijan Maleki:Yes, thank you. Yeah, that one was a little... Yeah, anyway, good question though, I appreciate that. Okay, now I want to get on to the next section of charts I have and these are the ones that are still holding up okay but are just kind of grinding sideways. These are sort of the next tier down of assets that I would be focused on. And a lot of them, obviously, we are well familiar with Bitcoin being the primary one. Bitcoin isn't higher than that weekly close from a couple of weeks ago, but it's still just plodding sideways. I wouldn't say it's rolled over at all. It's just like doing nothing.

27:43Bijan Maleki:That's fine. I'm okay with that. I'll handle the sideways consolidation all day long. That's great. So these are still ones that I think would be considered showing strength just by going sideways. So obviously Bitcoin being the big one, Ethereum right there too, a little bit worse off than Bitcoin, but it too is just kind of right there in the conversation. I don't like that it sort of got rejected off of its 200 week moving average, whereas Bitcoin is kind of above its a bit here. So Ethereum, not as strong overall, but still just a very similar chart structure. So ETH is fine, Bitcoin is fine.

28:23Bijan Maleki:Hyperliquid is another one that's right in there. It too is just big run up and then just, again, nothing sideways. Looking a little bit better actually than I would say Bitcoin and Ethereum in that it had its retracement and it's back on the bounce again. It's green this week. It's down from its wick high, but it's still looking good. It's very close to the same level that it closed at two weeks ago. So hype is showing solid strength. Venice also is in that same conversation, not as good as hype, but again, just sideways. Looks fine. It's above its big moving averages. I like what Venice is doing.

29:01Bijan Maleki:Moving on to some other DeFi names. Aerodrome is another one that is, it's bordering on rolling over, but I'm going to call it sideways. There's probably some in the rolling over section that maybe look even a little better than this that should be sideways too. But what I don't like about this is this massive, massive wick high up here all the way up to 57 cents. And then it came back down and now it's down on the week. So maybe in the last little, in the hour or two, this looks a little worse than when I made this list. But Aerodrome is, it's kind of there or thereabouts. But another one that looks pretty strong is Athena, which has caught my eye.

29:39Bijan Maleki:Although it's jumping around big time too, but it had a massive rally off of that big week, came down a little bit, and then is just, again, sideways. So Athena is holding its level steady, which I like. It took me by surprise. I wasn't expecting this one to run nearly as much as it did, and I wasn't expecting it to hold nearly as well as it did, but it's there. It's in the conversation. Also, I like that it broke above its big 200-week moving average, unlike, say, Ethereum, which is still below it. Athena is well above it. So and not only that but those moving averages have pivoted and are back moving up to the upside now and the 10 has crossed over the 20 So we're getting solid Reversals of these big moving averages on on some of these and Athena's one of them Zcash is another one.

30:26Bijan Maleki:That's again holding steady holding flat Not really giving anything up. So I like Zcash. I got a couple more here B &B also It's there. It's holding steady And then finally, Chainlink. Where is Chainlink? I'll just type it. My list is too big here.

30:51Bijan Maleki:Finally, looking at Chainlink. Chainlink 2 is like, yeah, I mean, it's basically flat. So these are the next cohort. These are the ones that had the big gains, locked them in, consolidating, not really rolling over. I like what I'm seeing. So all of these to me would be strong candidates for DCAs as well. You know, the top list were the ones that were really firing. The second list are the ones that are consolidating their gains and not rolling over, waiting for those moving averages to catch up to them and looking for the bounce on the mean reversion kind of thing. And then the next list that we'll get into is going to be the ones that didn't fare as well that are rolling over, that are maybe ones that you want to, like, shorten your leash on if you're holding them and, you know, Start asking questions about why aren't these ones catching a bit?

31:40Bijan Maleki:What's wrong with these ones? What makes these ones different than these first chunk that I've gone through? And, you know, start looking at them from that lens.

31:49Kris Bullock:Before we look at those, what changed with Chainlink? Because I know it wasn't a favorite on this show for a while, and rightfully so for that matter. But what has changed with them recently? I know they recently proposed reforms to their tokenomics. Not live yet, but obviously that would certainly help it. But, you know, it's not live yet. So what in fact has changed with Chainlink that, you know, we're seeing this type of chart with it?

32:19Bijan Maleki:Well, I mean, to be fair, it's not as good as it could be. But what it's I mean, it is bottoming. It has bottomed with everything. Mainly it's just kind of tracking with the rest of the market. And we know Chainlink is something that is very heavily used by lots of protocols on lots of blockchains. It's pretty much everywhere within the crypto ecosystem, within the on-chain ecosystem. I think a lot of, you know, plus it's very much being used in a lot of tokenized assets that are coming on chain, things like that. A lot of them have to, anything that's like tokenized stocks has to go through something like Chainlink to track its real world price, you know.

33:02Bijan Maleki:So I think we're just seeing massive, massive usage of Chainlink, of Chainlink's product coming into play. And in terms of the token value, you're right. I don't know. I'm not as up to speed on that as perhaps I should be. And it's probably reasonable to say that a fair amount of this is just, you know, sort of speculative buying or kind of buying the memetics of Chainlink. You know, the idea being, well, Chainlink is going to be a project that is going to be huge because everybody has to use it. So that means it's got to be a good investment, right? You know, is kind of the logic that a lot of people adopt with it.

33:41Bijan Maleki:And I've been critical of that logic, as you know, we both have over the years, because I've often said that Chainlink is a great technology, not necessarily a great investment. And over the long haul, that has proven out. But in the moment, it's showing outside strength. It's actually, it's doing as well as everything else right now. It's tracking with the rest of the market. It is showing that relative strength against a lot of the rest of the crypto market. And so, I don't know, it remains to be seen how well this plays out. But right now, today, it's doing better than most things, is what I can say.

34:18Kris Bullock:Chainlink is a confusing one, for me at least. Because, you know, on this show, we love picks and shovels, trades, right? That's, you know, what we love to talk about, and rightfully so. And Chainlink on paper is a perfect picks and shovel, right? It basically owns the RWA space. It is the Oracle of Oracles. And anything that's coming on chain will be touched by Chainlink in some form or another, I would imagine. But it's just, you know, yeah, I'll leave it with what you said there. I just wanted to add that part. Yeah, yeah. Yeah, so let's take a look at maybe some of that third tier, maybe the ones that have some answering to do.

34:57Bijan Maleki:so yeah and there's a lot of names in here that are familiar that are often talked about that are going to open some eyes and and uh cause people to kind of sit up and take notice yeah so uh i'm gonna i'm gonna start with near um near doesn't look as bad as some but i mean it it basically gave back half of that that movement on the next week and it's kind of just been hovering around that that close that weekly low close from last week it's still just kind of right around there. So Nier is one that didn't really hold those gains, gave half of that back and is sitting at about half at the halfway mark, give or take right now.

35:40Bijan Maleki:Let's see another one. I don't think I have this on my list. Aave is another one. It didn't give back as much, but it's also similar price action. I mean, it gave back what, maybe a quarter of it, give or take. And it's sort of just still hovering down in the lower regions of this last week's weekly close. So definitely not a continuation of the momentum. It got rejected off of this big moving average cloud and it just kind of hit a brick wall and it was just kind of stunned basically and it's sitting there. So that's Aave. Another one, and this is going to be a tough one, but Sui gave back a good three quarters of that move from last week or the week before and is also just sitting right there at those low levels.

36:28Bijan Maleki:Kind of lost the big 10-week moving average that it had blown through. It kind of came back down, closed below it. It's still below it right now at the moment. So a bit hard luck on the SWE side. Tron's another one. Tron, actually, I don't know what happened with Tron because Tron usually is a solid grinder. It had that great week along with everything else, and it just not only did it give it back, but it, like, gave it back and then some. And it's almost, I mean, it's arguably rolling over even. So I don't really know what's going on over there. But yeah, let's see. Oh, XRP. XRP is another one that not a great look.

37:09Bijan Maleki:I mean, it didn't give half of it back. But it had a red week last week. And it's following a second red week in a row off the back of this big bounce. Now, it is holding this horizontal support level that it established a long time ago. It broke back through that, is now sitting sort of right at it. So if it can keep this level in bounce, I'll be okay with XRP. But obviously, two red weeks in a row off of those big gains is not something you want to see. And it's definitely not as good as most of the other charts that we've looked at already.

37:41Kris Bullock:I have a question while we're on XRP. At the risk of drawing the rage from the XRP army, what's XRP's value prop now that Canton is around?

37:59Bijan Maleki:Well, they're different things. So the XRP token is primarily like a utility token to facilitate interbank transactions, like moving large chunks of liquidity from one bank to another. They can use the XRP token on the Ripple blockchain to facilitate these transactions. Whereas Canton is more like a private siloed secure blockchain for big banking companies to facilitate on-chain tokenized transactions. So you can like, there's all kinds of tokenized assets that run on Canton and big entities can, you know, make swaps, make transfers, do whatever without knowing who their counterparty is, without knowing who's doing what or who's holding what where, you know, it's all siloed, It's all secured.

38:54Bijan Maleki:It's all sort of zero knowledge type situation. So it's kind of a different animal. It's like a I mean, Canton is more like a smart contract platform like like Ethereum is where you can build out all kinds of stuff on it. It's just got unique security and privacy features built into its infrastructure so that you don't know who's who, but yet everybody is all approved and KYC'd and all the nodes and the validators are all approved so that they're OFAC compliant and things like that. so again it's not quite apples to apples yeah so and though they still have the tokens themselves are similar in that they're both generally utility tokens like in the case of Canton you as a validator or you know whatever you get your yield in the form of Canton tokens that way I'm sure that's the same on XRP but XRP has a different function overall than the Canton token does speaking of Canton though, Canton also is in that list it had a big run up and then we have two green I'm sorry, two red ugly candles in a row I don't really like that it kind of came right up to its 10 week moving average got rejected pretty heavily and is down and then down again so not a great look for Canton either in fact it was literally the next one on my list that I was going to say when you asked me that but another one that I was a little disappointed to see that I was kind of rooting for and I actually had added it to the model crypto portfolio is Pump.fun, because it was just, I mean, it was ripping, like major, you know, in that week, it almost did a 2x alone.

40:34Bijan Maleki:This was a 96 % candle in this one week. Although I should have sort of known, like, yeah, a lot of these did well, but maybe they did 30, 40, 50%. Something that goes up 2x in a week, it's bound to give some of that back. So shame on me for jumping on that train a little bit. But I still am a believer in what Pump's doing. They're still making a ton of money, and it's still accruing back to the token holders. So this is more just like a bit of a technical correction from just being wildly overextended than it is like a fundamental reason. So I'm still bullish Pump. But yeah, I should have saw this coming for sure.

41:11Kris Bullock:I mean, if meme coin season is in effect, like it looks like it is, or it looks like the inklings of the beginning of it or not even a Robinhood's crushing it. Pump.fun is going to be just fine, right? That's the bread and butter of meme coins and people that want to create them. Pump.fun is probably the first one they think of.

41:33Bijan Maleki:Exactly. And it's got that Ansem tie-in now with what he's doing. We kind of talked about a couple of weeks ago. Kind of real quick looking at the Ansem token. It also has given back a lot of that. But again, this is a brand new one. So with a low cap. So I'm not surprised on that, but I think it's interesting to see that they're both down on the week So we'll see we'll see how that goes. But again, like we know that that's gonna be a thing We're seeing a pop off on Robin Hood. We know Ansem's not going anywhere. I'm bullish on all of this stuff right now I think it just got a little over its skis, which again isn't surprising.

42:06Bijan Maleki:So Kind of pivoting a little bit looking at BitTensor. BitTensor also, you know nice bump and then just give it back, gave back even more. So BitTensor's rolling over, very similar to a lot of these. Pengu was one I was a little bit bummed to see because also I've got a chunk of that in the model portfolio, but not terrible. I mean, even with two red weeks in a row, it's still more than halfway up from this big green candle from a couple of weeks ago. So it's hanging in there. You know, it's holding steady. Next one, Rekt. Rekt gave most of it back. A little bummed to see that, but also it's a low cap, so I'll kind of give it the benefit of the doubt.

42:51Bijan Maleki:Jamming through these, let's see, there was, oh, here we go, Jito. I don't know what happened with Jito. I'm still bullish on Jito with what they're doing there and with their decks that they're coming out with. I don't know why the token just kind of fell through the floor here. Because, I mean, also it didn't really benefit much from the bounce. Here was the big bounce week, didn't really have much of a gain. It was only up 4.5 % on that big week. and then just felt it, kind of like Tron did. It just lost it. Very similar to what Tron was doing. So not sure what happened with Gito, but it needs to show that the market is favoring it before I would look to get into anything there.

43:30Bijan Maleki:Same thing with Aerodrome. Kind of meh. I could have arguably put Aerodrome on the chopping sideways list, but whatever. And then a couple more here. Ondo gave most of its move back, so Ondo, not a great look there. And then finally Morpho. Morpho gave a lot of it back, but is starting to bounce a little bit. Morpho still looks good to me, though. Like, look at this uptrend that Morpho's in compared to a lot of other ones that we've looked at. Like, a lot of the coins, this is important, because a lot of the coins we've looked at, their pattern was really, they've just kind of been, oops, they've been in just kind of this bottoming pattern, and then they had a big run-up, you know, and then they've corrected.

44:12Bijan Maleki:Whereas Morpho has been largely in a nice uptrend for a while, since really February. And so I don't think that this should be faded. I think that Morpho is definitely something that warrants better consideration. Yeah, it didn't have a great, you know, recovery off the back of this candle, although this was a 45 % candle. So, you know, maybe giving half of it back made a little bit of sense. But this uptrend is big and there's not a a lot of assets right now that have these big moving averages moving in this kind of direction like this. So I think Morpho warrants some consideration, warrants digging into it a little bit and seeing if it's something that makes sense.

44:53Bijan Maleki:So yeah.

44:55Kris Bullock:All right. I want to take this question from Ponk. Any thoughts on pawns? Yeah, let's look at pawns.

45:11Bijan Maleki:I mean, it continues to look really good. We've talked about this a couple of times. I mean, on the week, well, what did it do a couple of weeks ago? Let's see. So, yeah, here, yes, here was the week. Obviously, since that time, it's ripped another 415 % last week, and then it's up another 24 % today. What did it do on that big week? at 2x that week 112 percent 4x man what a yeah i mean what a get if you got in on that congrats yeah i know i it's like i would be reluctant to chase that at this point because it's it's you know very overextended uh let me kind of kick on some bollinger bands here yeah it's been outside the bands that entire stretch so you're buying it at a at a significant premium right now if you bought it today.

46:04Bijan Maleki:And, you know, it's 20-day moving average all the way back down here at 14 cents, which is more than a 50 % correction. So you're really playing with fire if you try to chase this right now. It's wildly overextended. It's very much due a correction. I mean, here was the DMARC9 all the way back here, and it just faded it. Like, two days later, it invalidated it and just kept ripping. Now, on the combo and the sequential, It is only at a 10 and a six. So you could argue it's maybe got a few more days left in the tank from that standpoint. But boy, like I said, you're really running some risk right here if you buy this right now.

46:52Bijan Maleki:All right. Thanks for the question. DRV, that was another one. Yeah. I wanted to look at it. So let's look at this on the weekly too. I was talking to Jamie Coots the other day and he actually pointed this one out. This is also a good one. And this one looks really good. So here was the big week right here. Yes, this would fit into the still doing very well category. It had a subsequent really good week the following week. A pretty decent wick high though. And it's down since then. But yeah, it's showing a lot of relative strength right now. And it's been doing well. And it's been, you know, kind of since it corrected, since sort of launched and established its market value, established its low way back here in April, it's pretty much been in a really solid uptrend since then.

47:43Bijan Maleki:So and like I said, Jamie has reported on this. Jamie has talked about this, too. So go back and look at some of the stuff he's talked about. But this is a good one. I mean, it's been in a well-established uptrend arguably since April and continues to look really good. And this is on the weekly timeframe, mind you. So this is, I think, a very good-looking chart. Like, I've got nothing bad to say about it other than it's a little overextended in the moment. It is on the weekly timeframe, well outside of its bans, even right now. So it, you know, it's due a bit of a mean reversion also. but it yeah it's definitely in the conversation of one that is a solid looking chart over a long period of time.

48:23Kris Bullock:Sri also wants to know your thoughts on Galaxy.

48:27Bijan Maleki:Yeah let's look at Galaxy I haven't looked at that in a minute.

48:37Kris Bullock:I mean, well, what do we got here? Like, it's doing well overall.

48:46Bijan Maleki:I mean, it's definitely bottomed out and, you know, it's kind of reclaiming highs. And it's in an uptrend. It's in an uptrend on the weekly timeframe. This is this big kind of 200 week moving average cloud that it held us support this whole time and is bouncing. And now those two moving averages are pointed up and to the right. So it's established a big weekly uptrend on the 200 week moving average level, which obviously is very strong. So, yeah, I mean, it's kind of where it needs to be. I think it's going to move as crypto does. It's largely intertwined with the crypto space. So I think as long as crypto is in a bull market, we're likely to see Galaxy do well as well.

49:31Kris Bullock:Thank you, Sri, for the question. Let's take this one here. What a name. From Fetus Jr. What do you think could be the next hype? I don't know necessarily what they mean by that, whether it's like the next, you know, because hype has had such a run-up if they mean something like that or the next like decks or exchange type token um but yeah your thoughts um i don't think it's going to be aster

50:05Bijan Maleki:though that's for sure i i agree i don't think it's going to be aster though to be fair aster actually um you know has rebounded well has continued showed some continuation um off the back of that there's one that i've talked about that that i'll circle back to and and i don't know, I mean, this is very much a guess. I have, to answer your question, I have no idea what's going to be the next hype, you know, but what I will say is the product that the Jito is working on called JTX, they're building a new Dex that's going to operate on the Solana, on the main layer one Solana chain, that's going to be a competitor to Hyperliquid.

50:47Bijan Maleki:It's going to start out with just spot to begin with. And while they work kind of to make sure their liquidation engine works on the base chain without having sort of a siloed liquidation engine like a lot of these perp DEXs do, once they can establish that works, they're going to migrate into trading perps live on it as well. The chain isn't live yet. It's in beta right now. So it's not, you can't buy the token, you can't trade on it. But it is something that they are, their goal is to be a Hyperliquid competitor once they come out and they go live and do that. And I've talked about this before.

51:22Bijan Maleki:It'll be the first big sort of next gen decks with liquidations that runs on a layer one blockchain as opposed to a layer two, like Hyperliquid and Aster and all of these, all of these run on layer twos and they benefit from that because they can have their own siloed transaction sort of space where all of their liquidation runs without getting cluttered with all of the other regular on-chain activity. So like people trading NFTs and meme coins and just doing regular transfers and trading on other DEXs, none of that is impacted by their liquidations. Whereas with JTX, that's going to be all on the same big chain and it's going to be all competing for block space and time with all of the regular ongoing chain activity all at the same time.

52:09Bijan Maleki:So it'll be interesting to see how that plays out. But if it does well, it could be valuable as a Jito holder, as a Solano holder, and it remains to be seen. So it's early days still. Obviously, like I said, it's not even out yet, but that's something that I'm kind of, is on my radar that I'm looking for. Otherwise, yeah, I don't know. I mean, the market is going to tell you, and my guess is as good as anybody's in terms of what that project is going to be that everybody latches onto that becomes the the next you know big thing um but yeah look up jtx on uh it's going to be from the jito team um do some do some ai research on it or or look at their website and see if you can see where that's going and and see if that looks like something that you might want to keep on your radar for when they launch so yeah yeah i think also just to add to that uh

53:03Kris Bullock:to add to fetish juniors, uh, question. I think hype is the next hype. Honestly, I don't think it's stopped. I don't think, I think it has a lot more room to grow. Obviously they're talking about making it legal in the, in the U S I think they have, they're in talks with, I believe it's cracking to be kind of there to, to kind of help bring them along to market in the U S and kind of be their partner in that front. So, I mean, once all of that news hits, I mean, it's so bullish for hype. And I don't, I don't think that's necessarily priced in yet. So I would, I would also say don't just because hype has run a lot and we've just recently hit an all time high.

53:42Kris Bullock:I'm not saying now is the best time to buy it. But I, I have always been DCA and I, I don't think it's, I don't think we've seen its best days yet.

53:51Bijan Maleki:I completely agree. Yeah. I, I mean, even, even with the close, the big run that I had last week, it still set a second all-time high the following week. So last week it set another all-time high. This week it's come close to it. It's wicked up close to it, but it's not there. So it's in price discovery still right now as we speak, basically, more or less. And yeah, I completely agree, Bijan. I think it's like, we're nowhere close. I think once it does go live in the US, we're going to look at it. We're going to see a whole different level of hype.

54:23Kris Bullock:Yeah, because I mean, like, I know people can use VPNs, but truth of the matter is a lot, most people likely aren't using that. Once it becomes legal, then that just opens up a whole, the richest market in the world to start using, using and all the stories that they've heard about hype, perps trading, not to mention the institutions that can, you know, come on board now. I think sky's the limit for there. Okay.

54:51Bijan Maleki:I was going to say, and if they integrate with Kraken and sort of simplify the user experience a little bit, because frankly, it's a little, it's tricky to use if you're not a experienced, you know, crypto geek like we are. You know, like I know a lot of people that have had a lot of trouble actually getting onto it and using it and trading it. And if they can simplify that and get it directly connected to a U.S. audience, then yeah. I mean, boom.

55:21Kris Bullock:Yeah, absolutely. Lil Chipmunk, welcome back. Wants to know your thoughts on Iron. Let's take a look.

55:36Bijan Maleki:It's interesting with a lot of these. They're either benefiting or not from Bitcoin mining, and then they're either benefiting or not from like AI compute, and they're pivoting back and forth. And I know IREN is kind of right in the mix with a lot of that. I think that they're actually right now being negatively impacted by the AI side of things. And that's sort of causing the price to be, you know, to just go sideways, essentially. And it's really at the lows, at the lows in the sideways range that it's in right now. So I don't know. It's tricky with these, with these miners slash AI compute providers.

56:19Bijan Maleki:It's a tricky environment to invest in right now. I feel like it's something that is going to move a lot from week to week. And it's something that you really have to be on top of. Like if you want to play this game with Iron and some of these other miners, you're going to have to really just be following all the announcements, following all the trends, following what's going on on the AI side of things and on the crypto side of things. it's not really something I'd want to do personally. Like I feel like there's easier ways to invest, you know, like it's just the difficulty factor I think is really high with, with, with these particular companies right now.

56:52Bijan Maleki:So that's, yeah. I mean, that's kind of my, my gut take on any of these miners slash AI compute providers right now. All right.

57:04Kris Bullock:Thanks for the question, little chipmunk. um all right that puts us at time for today chris any closing thoughts

57:16Bijan Maleki:um i just you know things are things are a little bit tighter on the financial on the macro side of things uh my gut says we're probably going to continue to chop a little bit still i think you know i'm going to come back to these uh these moving averages on the daily time frame and so So I'm looking at the looking at the 20 day moving average here. And I want to, you know, it's probably going to take three or four or five days for it to kind of come up and meet price. And so we'll see what things look like there. Obviously, a lot of things are moving and a lot of things are shaky and a lot of things are tight right now macro wise because of what's going on in a run.

57:52Bijan Maleki:And so that needs, you know, we're sort of just at the whims of a lot of that right now. It's impacting rates. It's impacting, you know, bond yields. and so expect just a little bit more boring price action. I feel like, you know, there's some exciting stuff in the meme coin sector, like if you want to degen out, but in terms of just like kind of stacking and building up your base and DCAing and stuff like that, like I said, my gut says we kind of just chop for maybe another week or two really is what I think.

58:22Kris Bullock:All right. Thanks everyone for tuning in. This has been another edition of Trading the Markets. We will be back next week. And until then, don't fuck this up. Have a great week, everyone.