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Ethereum Demand HIGHEST Ever (#1 Reason Price Isn't BUDGING) - YouTube
Channel: BitBoy Crypto
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ethereum am i right you guys act
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sometimes like i'm up here giving you
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advice
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i'm not taking myself half of my
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portfolio is in ethereum trust me
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i wanted my 2500 by valentine's day
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prediction to be correct
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it honestly felt like it was a slam dunk
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but it didn't turn out to be correct so
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what gives
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what exactly was holding aetherium back
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because one thing's for certain there's
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no way ethereum should be sitting around
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eighteen hundred dollars
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only up a hundred bucks while during the
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same time
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bitcoin's up over twenty thousand
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dollars just as i promise i've
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dug into the research in the charts and
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i believe i've found the culprit
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and it's an old foe find out who it is
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and the thing that could be keeping eath
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from mooning in your portfolio
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let's get it
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bitswap is changing the game try it now
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at bitswapdex.io
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welcome to bitboy crypto the largest
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crypto channel in all the interwebs
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my name is ben everyday on this channel
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i show you how to make money in
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cryptocurrency
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if you like money and crypto make sure
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to subscribe and smash that like button
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your ethereum bags got you mad as hell
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and you won't take it anymore
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also if you want to trade ether bitcoin
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on leverage
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you can do that at buy bit we've been
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crushing the market lately and we want
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to help you to be able to do that as
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well
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find out more by visiting
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bitboycrypto.com deals and
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going to the buy bit and market cipher
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sections please be responsible with your
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trading
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now in this video we're going to get
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down to brass tacks what the heck
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is happening to ethereum well bitcoin's
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been busy busting through all-time high
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after all-time high
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and significant jumps as well not small
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jumps
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but ethereum's just been slowly plotting
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along and i'll be honest with you
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this reminds me of early november and
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late december
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during these times bitcoin had hit its
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stride in november finally getting over
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12k
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ethereum was still under 300 bucks and
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not really budging
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late december bitcoin had hit all-time
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highs and ethereum was dropping back
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below 600
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now if you remember correctly we
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actually changed all of our ethereum
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over to bitcoin in early december and
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then back
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to ethereum mid-december by christmas
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i was really questioning that decision
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we're gonna find out a little bit later
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exactly why that was
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but those moments when i found myself
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doubting the most doubting what i knew
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was the right decision
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or the darkest times right before the
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sun came out and busted
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leg after leg making all-time highs
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types of explosive moves only elon musk
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and tesla can give bitcoin
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and this is where we find ourselves
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today another dark knight for ethereum
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well i certainly would have liked for
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ethereum to reach my v-day prediction
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it didn't happen but that doesn't mean
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it shouldn't have
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because it should in fact the
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fundamentals have never
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literally never been more bullish for
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ethereum every dj in the world is
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calling for vitalik's head after gas
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fees have mooned way quicker than the
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eth price this is making it hard to work
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within ethereum d5 platforms and
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crushing smaller traders
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but is this really holding the price
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back well i think
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not here's why it literally discourages
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people from making eat transactions
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including selling eth or sending it into
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exchanges
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it would seem to me that this should
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actually help the price on some level
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but back to the fundamentals here
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exchange eats balances have dropped
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9 so far this year since january 9th
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even though the price is up 30
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during that same span now what
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conclusion can we draw from this
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even though ethereum is up big time
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people aren't sending it back
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into exchanges to sell this taps into
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the long-term potential over 2021
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that most investors feel ethereum has
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now check out this chart here the green
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line is the price while the teal line is
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the amount of holdings and wallets
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ranging from 100
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000 to 1 million each now
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since the beginning of february they're
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increasing their holdings pretty strange
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right
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don't you think the smartest money knows
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when they should be increasing their
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holdings
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and look closely at the end of december
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and you will see just how the big money
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perfectly aligned with the prize
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increase
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then they sold off restocked and are now
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ready for the next run
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on top of this we got the huge bullish
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news from coinbase yesterday
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they're going to support each 2.0
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staking for their customers
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this means all users have to do is lock
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up their ethereum for a term
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and get up to 7.5 apr on their
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investment
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way more than you guys are making on the
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skunks market
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and you know it but the ease at which
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new people to crypto will be able to
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stake is incredible now if you missed
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our staking video from yesterday
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don't forget to watch it by clicking
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above then we add in the fact that there
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are two areas where we're seeing
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explosive growth for ethereum first we
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have the nft market
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don't laugh people love their
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collectibles the total market value of
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nfts right now
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is 250 million dollars with a 2 800
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percent growth
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2020. and this will be a multi-billion
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dollar market in the next few years
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there's so many new use cases coming out
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for nfts
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i'm telling you guys many people have a
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very small view of what these tokens
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will do for the world and blockchain
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we here bipolar crypto are doing a ton
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of stuff within ft collectibles as well
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you can check out our nft collection on
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wearable
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by visiting nft.bitboy.live
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we aren't making any more nfts on
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wearables and once these are gone
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they're gone
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we have a bitboy deck builder nft game
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coming out on wax
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and of course we will be putting out
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more nfts on various platforms in the
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future
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but celebrities are coming out of the
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woodwork in order to jump on this craze
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including post malone logan paul
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mark cuban chamoth palo hapatiya and
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others
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but then the second explosion we're
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seeing for ethereum and this is the
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absolute key metric you need to be
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looking at
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is institutional demand melton de mears
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the cso for coin shares says the
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institutional demand for ethereum is at
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levels never seen before
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think back to the whale address chart we
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looked at earlier
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80 of inflows in crypto last week 175
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million dollars went into ethereum
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not bitcoin not cardano not polka dot
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aetherium process that so somehow 80
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of the inflow is going to eat bitcoin
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bumps like 40 percent
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and it doesn't budge something ain't
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adding up here
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even a quick glance at the e-t-h-e
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grayscale truss volume
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reveals a seemingly large drop but when
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you take into consideration there was a
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9 to 1
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stock split on the spike see the volume
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dropping here is just an illusion it's
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actually as high
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as ever in addition great skill also is
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extremely bullish for
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later this year when eip 1559
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gets approved and implemented this could
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cause the price of ethereum to
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absolutely explode as billions of
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dollars in each
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start getting burned each year crazy
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bullish
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so i want to go back to our whale
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address chart
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something i want you to see i want you
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to think about how much money we're
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talking in these addresses
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minimum 180 million dollars worth
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now focus into the top right side of the
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chart see that drop there at the end
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right before it starts to head back
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up who has so much money that they could
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even scare people with 180 million
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dollars worth of ethereum into selling
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because that's what happened there
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we have you out there definitely
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blackrock grayscale and i'm sure a few
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other institutional funds
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the fact is institutions are definitely
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playing a role in holding the price back
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they want you to sell so they can buy
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more
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i don't think there's any question that
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is definitely part of what is happening
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here
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now we are even getting public fund
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stories from places like yahoo finance
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telling you that it's time to bail on
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ethereum so
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let's see if we can find a strategic
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partner in dumping ethereum
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to keep the price low enough for
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institutional investors to get in
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and for this we turn back to our old
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pals
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f2 pool if you're newer to the channel
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or missed my live stream tirades
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f2 bull is pretty universally recognized
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as the reason for
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all the bitcoin dumps in january and
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early february
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we showed you how each of the major
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bitcoin dumps were directly linked to
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large amounts
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hundreds of millions of dollars of
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bitcoin being sold off by one of the
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largest mining pools
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of 2 pool sometimes thousands of
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bitcoins sold off in as little of a time
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span
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as an hour these guys are good at hiding
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where the bitcoins going to
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but bad at hiding the overall outflows
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and i gotta say
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had to dig pretty deep because the f2
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pool ethereum outflows aren't as easy to
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tell as the bitcoin ones
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there is no nice little chart on crypto
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quant but i did find
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this one showing that f2 pool is the
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second largest ethereum mining pool
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you kind of see where all this is going
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i'm sure so let's see what their
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ethereum outflow is
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according to little known website
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bitquery first i want you guys to notice
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this date december 23rd this is the day
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i suffered
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my worst liquidation ever at that time
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and certainly my worst eat liquidation
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ever
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christmas eve eve if you will tj and i
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sat across the office at our desk just
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staring at each other blankly
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is the price unexpectedly dumped when
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everything seemed so bullish we even had
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a
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large green dot at the bottom of market
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cipher on that day now let's see if you
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can figure out which one of these
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candles was december 23rd
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without seeing the dates selling off 8
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000 each in one day can do that
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once again you think these guys sell
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because they're fearful
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not quite they dump because they're
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shorting the price down
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because they know that their selling
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will drop in the market
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more this is how price manipulation
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works
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these guys are masters of it maximizing
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their mining rewards is what they call
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it
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so let's fast forward to my valentine's
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day prediction keep in mind this channel
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is firmly in their crosshairs
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everybody knows what i predicted we're
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the biggest crypto channel
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in all the interwebs by a good bit
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suddenly on february 13th
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magically they sold off another 8 000
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each
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this time an actual much larger 14
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million
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eath dump in one day not only that
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but their massive selling triggered a
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major market sell-off over the next two
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days
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so when did they do this of course
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exactly as ethereum hits an all-time
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high
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and i tell you guys two thousand dollars
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by the end of the weekend should be a
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sure shot
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see once ethereum cleared 1850 2k should
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have been right on the way the
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technicals have been screaming at some
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of the fundamentals
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but the good news is that now f2 bull
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has done a
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major dump and of course we continue to
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shine flashlights
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on those little cockroaches it should
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stop
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it is literally stopped every time we've
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called them out and i think these
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cockroaches are seeing
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i'm not letting up on this dollar cost
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average out
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or face the consequences my light is
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bright and i got batteries for days
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you cannot hide so hopefully either will
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be moving full steam ahead to 2k
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and then 3k within weeks afterwards but
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what do you guys think
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is it the institutions f tubal or a
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combination
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i think the evidence here is pretty
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damning and very obvious
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but let me know your thoughts along with
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when you believe eat will finally clear
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2k
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that's all i got be blessed good boy out
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[Music]
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you
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