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PREPARE FOR THE ETHEREUM鈥橲 PARABOLIC NEXT MOVE! (Eth Flips Bitcoin in Options Market) | CRYPTO NEWS - YouTube
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yes welcome back everybody to altcoin
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daily my name's austin in today's video
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i want to share with you the latest news
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involving ethereum involving altcoins
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involving the metaverse and much more
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like always check the timestamps down
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below in the video description hit the
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like button and before we get to
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ethereum let's quickly get an update on
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the market mover bitcoin
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bitcoin's poe multiple is showing a
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reversal that has previously marked all
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bear market bottoms every single one
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and just to define the pool multiple
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here is the equation right here the
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power multiple is calculated by dividing
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the daily issuance value of bitcoins in
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usd by the
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365-day moving average of daily issuance
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value in other words what this means
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there are periods of time where the
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value of bitcoins being mined and
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entering the ecosystem is too great or
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too little relative to historical norms
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and how it can be used relative to you
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and me
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the understanding of these periods of
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time can be beneficial to the strategic
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bitcoin investor understanding if the
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amount of bitcoin coming into the
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ecosystem is too great or too little
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relative to historical demand so big
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definition let's look at the current
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metric and where we stand today
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it's not complicated for long-term
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investors on when to purchase bitcoin
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now
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it's a clear and respected indicator
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with an awesome track record
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four strong buy signals in the past 10
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years and each signal led to massive
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gains 18 months later if you have
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patience sometimes it's that easy
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so here is that chart you can see we
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flashed this buy signal in 2012 at the
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end of 2015 at the end of 2018
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looks like we also hit it briefly in the
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covet crash of 2020 and then again a
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couple weeks ago in 2022
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now what this means to you as a bitcoin
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investor is historically when we flashed
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it was a great time to start dcang into
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bitcoin now doesn't mean we can't come
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back down weeks later and touch again
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everything is possible and whether or
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not this is marking the bottom again
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like we've seen historically to me this
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is saying at minimum we're probably
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about to see a bounce for the next
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several weeks potentially or maybe this
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is the ultimate bottom you let me know
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what you think what you're doing down
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below in the video comment section
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and while we're all commenting what's
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happening with ethereum ethereum flips
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bitcoin in the options market for the
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first time in history
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also the put call ratio has dipped to a
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yearly low indicating bullish momentum a
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lot to unpack there let's first define
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what open interest is
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open options trades or open interest
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refers to the number of options
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contracts both call and puts traded
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the nominal open interest is calculated
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by multiplying the number of contracts
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open with the going spot market price of
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the underlying asset so nominal open
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interest is the number of contracts
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multiplied by spot price
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if that's still a little confusing the
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news today is this
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ethereum's historic first lead over
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bitcoin in the options market comes as
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traders pile into ethereum calls aka
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bullish bets
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in the hopes that ethereum's impending
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merge would cause a 90 reduction in
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ethereum's issuance
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and bring a store value appeal to the
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cryptocurrency so traders are betting on
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ethereum into the merge and the data
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shows that in a direct quote from
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darabit cco while some may be uncertain
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of the outcome of the merge at darebit
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we see a lot of post merge options open
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interest being created
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overall put to call ratio is at a year
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low indicating bullish momentum
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so if you hold ethereum you'll love this
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here is that chart we can see bitcoin in
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green
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ethereum in black and for the first time
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in history traders are more bullish on
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ethereum into these next few months
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now i'm not a financial advisor i
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ultimately have no clue what the price
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of either asset will do tomorrow and
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neither do you make your own decisions
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but over the weekend we did drop two
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great interviews with ta expert one on
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bitcoin one on ethereum seek those out
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if you haven't already great analysis on
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price
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and next up what's happening in the
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metaverse well big news for partner of
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the channel
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seek is proud to welcome the city of
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miami gardens home of the super bowl
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tennis open formula one fifa tournament
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is being held there in 2026 plus many
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other international events to the
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seekland metaverse
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big for mass adoption i'll show you this
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in a second but just as a reminder on
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what seek is
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a metaverse the number one place for
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virtual concerts live sports a 360 vr
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streaming platform on the blockchain
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they have also platformed many notable
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artists like this very quickly
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hi this is lady gaga
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yo this is iggy marley catch my live
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performance and seek your banjo and
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you're watching us
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so short and sweet but very cool
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and of course the news today coming
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right from the mayor of miami gardens
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mayor rodney harris watch this i'm mayor
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rodney harris and welcome to the city of
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miami garden it's home the mayor goes on
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to share all the cool events happening
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in the city and of course all now coming
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to the seek metaverse
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as we discussed in our interview with
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founder mary spio seek is doing their
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land sale right now so seek this out for
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additional information on their land
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sale link down below seek this interview
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out
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and next up speaking of adoption cool
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news if you hold crypto punks
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jewelry brand tiffany co unveils 50 000
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plus crypto punk necklaces
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the collection of diamond and crust and
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pendants is exclusively available to
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only crypto punk owners to purchase
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wow
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so much drip here is that official tweet
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from tiffany and co
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we're taking nfts to the next level
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exclusive to crypto punk holders they go
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on to share what this is and
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specifically the company is selling a
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max of 250 customized diamond encrusted
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necklaces for 30 ethereum each around 50
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000
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each necklace will include a combination
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of 30 diamonds and gemstones
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would you buy well for this specifically
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you have to buy there's nfts long with
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this you have to buy their nfts first
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and then each nft is redeemable for that
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physical necklace
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and tiffany will sell over 12 million
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dollars from that sale if they sell out
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standing to make even more profit from
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the resale royalties of the nfts
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anyway crazy time to be alive
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and next up big piece of news for you
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polygon hodlers
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muse to release their next album on
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polygon-based nft platform serenade the
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album specifically will be called the
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will of the people their ninth studio
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album and why this is significant is
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because the band has a massive fan base
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they won the nme award for best british
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band in 2007 2010 and 2011
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mtv's europe music award for best world
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stage performance in 2019 and a grammy
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award for best rock album in 2011 and
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2016. so very cool that they're now
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coming to cryptocurrency
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in a direct quote from serenade ceo and
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again this is the platform on polygon
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muse has always had a great appetite for
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innovation and pushing the boundaries of
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how they deliver their music to fans
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so using this technology to elevate the
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experience of their new album made a lot
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of sense
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and then speaking to why polygon
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specifically
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all serenade nfts are minted on the
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polygon chain because we value its
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affordability and eco-friendliness
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on serenade we bear gas fees on behalf
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of all users artists and fans
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because we want to replicate the
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frictionless shopping experience today's
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customers are used to and polygon allows
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us to do this at scale so if you love
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polygon you love this let's keep moving
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and next piece of news involving crypto
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coin amp
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binance us 2d list amp after sec claim
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that the token is a security
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just as a reminder amp was the token
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involved in the overall flexa network a
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point of sale purchase platform with
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partnerships with whole foods amazon etc
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i believe the winklevi were invested in
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the flex network and amp was the token
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involved with it
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well now binance u.s will delist the amp
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token out of an abundance of caution
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after the u.s sec alleged amp was a
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security last month in its insider
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trading case against a former employee
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of coinbase
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this move will be effective the
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dealistic of amp will be effective on
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august 15th
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wow so platforms are becoming cautious
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and you may remember in that scc lawsuit
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the sec named nine different digital
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assets it claims claimed were securities
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of those nine only amp was listed on
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finance us
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and binance u.s said the trading of amp
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may resume in the future on its platform
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but noted that we are taking this step
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now until more clarity exists around the
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classification of amp
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i know some of you were invested in amp
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so i would love your thoughts down below
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and last but not least i want to give a
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big thank you to you and everybody who
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came out and supported us at our talk at
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nft expo verse in la this last weekend
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thanks again for nft experience for
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having us
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nice little pic of our panel that we
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talked about involving nfts and web3
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hey also vitalik butrin started
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interacting with us on twitter this
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morning what a time to be alive
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anyway that is the video my name is
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austin like always see you tomorrow
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