00:00:00: Bitcoin volatility down, Ethereum going through a crisis and why near is the next AI play?

00:00:08: That and more in The Crypto Talk this week.

00:00:25: This video In this week's episode, we will look at a Bitcoin of course.

00:00:33: We'll talk about Ethereum but also talk about Ripple and then we'll talk near as well a coin that we haven't talked a lot about But with its double-digit gains it is quite the interesting coin.

00:00:47: First let us start right here because the Bitcoin volatility falls to an eight month low.

00:00:53: Is a breakout imminent?

00:00:55: That s big question.

00:00:56: Now.

00:00:56: the bitcoin price has been going towards eighty two thousand US dollars in the last couple of days and since then has a bit stalled.

00:01:04: And a lot people did expect it to go down a bit more than he does because its holding pretty steadily at around seventy seven thousand us dollars, now interestingly implied volatility as dropped to thirty six percent which is the lowest in eight months.

00:01:21: that essentially means professional traders are pricing lower odds over wide price swing And that essentially doesn't mean something bullish or bearish.

00:01:30: It just means we won't see kind of a big action, however there is a chance that We might see a short squeeze towards eighty two thousand US dollars because while everyone Is expecting the Bitcoin price to drop even further?

00:01:45: A lot Of people are still saying Because of digital credit products especially The treasury companies That have been building these bitcoin treasuries do now have kind of a tool to actually not sell their Bitcoin, but giving the Bitcoin as collateral and then give or actually get cash.

00:02:04: And use that cash for every business expense they need so they don't need to really sell the Bitcoin anymore.

00:02:11: That could be quite interesting setup here.

00:02:14: that we will see Now For The Bitcoin Chart If We Look At It Here Of Course We Have Reached The Eighty Two Thousand US Dollars Since Then Broken Down whether this holds up.

00:02:24: And for now, it actually looks quite stable and quiet.

00:02:27: okay ish if you look here we still see kind of a trend line here that is going strongly so as long probably will only happen if geopolitical tensions are lowering down.

00:02:45: And for now, these aren't though or at least they don't seem to be lowering.

00:02:50: Now while on Bitcoin everything is kind of okay On Ethereum side we see a bit of crisis here because one of the biggest podcasts and ethereum supporters The bankless guys Are more or less stepping down.

00:03:03: One co-founder is stepping Kind Of Down and the other Is selling their last Ethereum as kind or they call it the second era.

00:03:12: They are even talking about moving on with the baton, but to be honest It just means they have been disappointed by the price because if you're so committed to Ethereum and the Ethereum ecosystem Why would you sell that asset?

00:03:26: So clearly something happened there And even the ethereum foundation Vitalik Bhutto commented on it and said look guys We only hold about zero point five percent of the entire supply.

00:03:37: compare That two other foundations where about fifty percent.

00:03:41: so we cannot have a direct effect on the price.

00:03:44: We still are going for sensory resistance, we're looking at open source privacy and security.

00:03:53: all of these topics are kind to the price dynamic, which has been down only.

00:04:01: Well however he is saying that if Vitalik Buterin was to sell less Ethereum?

00:04:08: He will open a short and this exactly what you did!

00:04:10: He opened one hundred million US dollars short essentially saying that Ethereum will go down further.

00:04:16: The problem is just his liquidation price is set at two thousand one hundred fifty Which is about fifty us dollars far away from Liquidation.

00:04:26: so take Technically, a hundred million dollars short for now in profit still means it might actually turn around because It doesn't really mean A lot if the liquidation price is so close but it just shows you that there Is a shift happening?

00:04:41: In The Ethereum ecosystem.

00:04:43: and If we look at the chart.

00:04:45: The reason For That Being Essentially We Have Been Months It where we have been kind of moving from around a thousand five hundred towards around two thousand.

00:04:54: Five hundred nothing has happened since and lot people are just disappointed, but you want to see the five thousands again?

00:05:01: But for now Nothing happens.

00:05:03: so the price goes down.

00:05:05: XRP price holders are also saying a value zone is set around one dollar thirty five and a dollar forty.

00:05:13: And they're even taking profits, about a hundred seventy million US dollars in xrp has been leaving Binance because a bunch of whales have kind took their XRP of the exchanges.

00:05:26: Interestingly, they exchange net position chain change is also negative.

00:05:31: so there are less XRP now on the chain which technically it's actually a bullish sign.

00:05:36: and if we look at price here, we're still in the zone.

00:05:39: So nothing really worrying happening here.

00:05:42: Still kind of a sideways move and a lot of kind of altcoins have been going on on the sideways move here especially also XRP Solana Ethereum And that's why a lot people Have been kind of disappointed.

00:05:55: However there is one Altcoin which shows That an alternative Is possible because near near protocol has tokens Its token has climbed over fifteen percent in twenty four hours to around two dollars and eighty cents.

00:06:09: A lot of people are saying there's a success story around near intense, which is across chain transaction system, which allows users to request the desired outcome such as swapping usd on ethereum for Solana For example.

00:06:22: so There Is This Entire Kind Of Infrastructure That Allows Near To Be Kind Of An Infrastructure Play Without Actually being at the main kind of chain off topic.

00:06:34: And that is together with hyperliquid and Zcash.

00:06:38: maybe The Holy Trinity, or at least according to Arthur Hayes?

00:06:42: Of course Hyperliquids and Zcas have been running as well but near right now is stealing the show because everything is going sideways and it's actually going down and near still looking up!

00:06:53: One reason could be this statistic I'm only near protocol fees that they have generated in the last seven days, around one million US dollars and compare it to Ethereum which sits at about two point three million.

00:07:09: Now of course if you kind of go down to round ninety days That difference looks way higher.

00:07:15: but still this is a story that actually could move A lot of ethereum investors towards new protocols.

00:07:22: so If there are saying look if New Protocols Fees Are going To climb up And You Can See Clearly There Is A Climb up here on the weekly from around seven hundred thirty thousand to about nine hundred seventy-seven thousand, then this story is actually fairly interesting.

00:07:38: So even if we look at that last thirty days again you still have an uptick here.

00:07:42: and than If We Look At The Last Seven Days we also Have An Uptick.

00:07:45: so there's something happening Here.

00:07:47: And If You Look At That Chart I Can Tell You What's Happening.

00:07:50: What is happening?

00:07:50: Is it broke around one dollar sixty, one dollar forty which was a major zone here.

00:07:56: Which has been in the all time lows for such a long time don't forget nears all-time high sitting at around twenty US dollars and we're still far away.

00:08:05: so that's kind of an interesting story there going to build up.

00:08:08: however I do think they will be some profit taking out around three dollar and twenty cents.

00:08:34: trading and investing carry risks, including capital loss.

00:08:37: See if these in digital assets are volatile.

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