00:00:00: Strategy selling their Bitcoin Ethereum still in crisis mode and Cardano cancelling at their conference.

00:00:08: That and more on the crypto talk this week!

00:00:21: This

00:00:24: video is not a financial advice.

00:00:28: In this week's episode, we will focus on Bitcoin but also look at the Ethereum chart and then quickly discuss Cardano as well.

00:00:37: But first let us start with a major news story.

00:00:39: Strategy has been selling bitcoin!

00:00:42: Not a lot though.

00:00:48: And the stock market has punished them immediately.

00:00:51: Six point five percent in minus in at that last twenty four hours due to strategies selling off a thirty two Bitcoin.

00:01:00: now, A lot of people are asking why is strategy selling?

00:01:04: and The main kind of philosophy was always never sell.

00:01:07: they have been buying for eight years Now and then ever sell.

00:01:11: philosophy Has come to an end but this Is something we kinda expected already because Michael say there has talking about this for a couple of weeks now.

00:01:20: And a lot people have been saying, well what if strategy will start to sell?

00:01:25: Now it has actually happened!

00:01:27: The whole meme is gone.

00:01:29: but the main question from the stockholder site how do you evaluate a company like Strategy?

00:01:40: always to never sell.

00:01:42: Now that strategy is out of the window and a lot people are saying, well but how do you evaluate then company?

00:01:49: That's not focused on buying only Bitcoin anymore!

00:01:52: And interesting thing here is Michael Saylor has tweeted our goal in the world.

00:02:01: So his focus is clearly on STRC and not only Bitcoin anymore.

00:02:06: now, one side you could say well that doesn't make any sense because he was mainly focused on bitcoin and bitcoin-only And On The Other Side You Don't Forget He Still Has A Corporation That Is Called Strategy And strategy's main goal is still to bring shareholder value.

00:02:42: Interesting confusion happened on polymarket because there was actually a poly market bet saying micro strategy would sell any Bitcoin by Dot dot dot.

00:02:51: And of course, the main bet was May thirty first.

00:02:54: now a lot people have bet on The fact that Michael sailor and strategy would sell their Bitcoin at this date?

00:03:02: And they haven't been selling it because the selling point was actually between may twenty six and made thirty-first but It Was only disclosed On Monday June First.

00:03:13: That Of Course means that A Lot of People Said Well Clearly It Was Yes But the odds showed towards no and Polymarket is now actually saying, No.

00:03:23: It was communicated on June first.

00:03:25: Ergo result Was a clear?

00:03:28: No!

00:03:29: but The confusion will probably follow with kind of explanation And how these bets are made in public In the future because I do believe poly market Will have to make adjustments To their system Because technically the bet was correct May twenty six to may thirty first, even though the communication was later.

00:03:50: But it kind of depends on how you define micro strategy selling any Bitcoin by dot-dot-dot.

00:03:56: so its needs a bit of an explanation here and we'll probably see a final decision when this episode is out.

00:04:04: now.

00:04:04: if we look at the bitcoin chart We can clearly see that trend has been broken.

00:04:09: Now the seventy thousand US dollars have fallen as well.

00:04:12: that, of course after we had a kind.

00:04:18: Since then it has been going down until last week.

00:04:21: We were actually still in trend.

00:04:22: But since then we have broken the trend and now our building once again In this zone.

00:04:28: so a lot of people are Of course saying sixty to seventy K is Now back-in play.

00:04:34: for now you can still kind of trade this down to around sixty k. I do believe Sixty maybe even sixty four will hold up fairly well, but i Still think this range straight here even like this at let's say towards a sixty five thousand US dollars should hold up quite nicely and then we can probably go for another run-up.

00:04:55: Who is hurting more than Bitcoin?

00:04:57: It's actually Ethereum, because in Etherium's ecosystem a lot of crisis Is currently being done and not a lot.

00:05:04: Of crisis management is being done Because the chart has been going down only for a couple of weeks.

00:05:09: The run-up Has also not been as successful As bitcoins run up towards around two thousand four hundred US dollars since then broken the range as well.

00:05:19: So now we are kind of expecting this to maybe even drop Towards one thousand And five hundred.

00:05:25: once again, here we would expect a bounce.

00:05:27: If this doesn't bounce then it's actually A bit worse for Ethereum but I do believe For now We are here in fairly strong support zone at least for Now so will see how the whole ethereum ecosystem Will develop as well.

00:05:43: Now, last but not least we should talk about Cardano and specifically the Cardano Foundation because they have been cancelling their annual conference after a failed funding vote.

00:05:53: And we're talking about one point eight million US dollars or seven point eight Million cardano tokens that would've been spent for a conference to of course make it more popular invite developers and so on and so forth.

00:06:06: But there were actually sixty five percent off the votes for that conference, but it needed sixty six point six seven percent to actually pass.

00:06:18: That was not the case.

00:06:19: Cardano Foundation is respecting of course The Decision.

00:06:23: Ergo we are not seeing a cardano conference this year and This thing has been going down.

00:06:29: only We can even like move these targets here.

00:06:32: And we see Here fairly generational bottom year that Has Been printing For quite some time.

00:06:39: so anything between a six cents and here twenty two, twenty four cents is actually an interesting buy.

00:06:47: And even if we're let's say optimistic here.

00:06:51: This would be kind of an interesting zone.

00:06:53: so this is actually a break point, So in December twenty-two or October twenty three close on July twenty four and then January twenty six And now once again June twenty six we are seeing clearly that these things holding for now.

00:07:10: if they should break though you can probably trade it down to six cents and short this actually to be careful.

00:07:20: And it shows a clear trend of the majors actually going down and not performing as well, whereas the smaller or let's say smaller coins than the typical altcoins such as hyper liquid Z cash even near is performing quite well compared to these points.

00:07:36: so that was it from the crypto talk this week.

00:07:39: make sure you subscribe.

00:07:40: do not miss any other crypto news I'll see on next

00:07:43: one trading in investing care.

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