Bitcoin CME Gap at $110K! Plus ASTRA vs Hyperliquid DEX War

"And it's a potential continuation. It shows momentum um into a potentially which many people say could be a bullish quarter."

"ideally we come back and close this gap generally these are way tend to be closed especially over the times we've been tracking it in the stream uh in the past few months and we need pro we need to come back and close that to continue higher in a more organic way"

"companies like Micro Strategy which is the by you know the top tier DAT out there right like in terms of financial conditions in terms of MNAV it could he could potentially engage in an altcoin debt hostile acquisition spree"

"USDH, their native stable coin, uh, recently went live. So that could well have an effect and obviously as that gathers traction um that's going to you know be another source of revenue for hype uh for hyperlquid and for hype buybacks as well because they're still you know they're still buying back the coin with with platform revenue."

"I'm actually just going to be selling it. And I'm going to be selling all of my long positions that I have open for my trades. Um, and I'm not really going to be looking for long positions anytime soon."

"FTX is is about to distribute. No, that No, but you know what? Sorry. Do you know what Sam SPF is getting ready to do? He's coming into the game because he wants to go and launch a new per deck."

"FTX is ready to distribute a further $1.5 billion to creditors."

"And it's a potential continuation. It shows momentum um into a potentially which many people say could be a bullish quarter."

"Um, and this is of course uh the DAT risk. So, this is the digital asset treasury company Meta and it was a great meta on the way up, but things could be turning, right?"

"Natural selection will kick in. The strong will the strong will eat the weak."

"Technically they could. Yeah. I mean, if it's a discount, an opportunity, they could buy a cheap DAT and profit from the gap. They could also acquire and liquidate the assets. They could potentially short. As the price goes down, the MNAV compresses more. It goes into sub one territory. You see many of these dats already there with the MNA's below one. as it heads into that territory, it becomes lucrative for a potential activist investor, hedge fund to short it in this in the futures market, go and acquire the debt in a hostile takeover, dump this, dump the assets, and then further benefit from the short position."

"Many people have said that the benefits of DATs is that you could potentially also stake and you can get staking rewards, but we now see an ETFs launch as well that will allow for staking returns to be passed over to the holders."

"Well hopefully hopefully with the new ETFs coming in October there's a lot of deadlines which um we will keep an eye on and we've done a video on I think last week."

"I kind of feel that maybe of all the narratives I've seen recently, perhaps perexes has a little more left to run, I think, because you know it because it's such a compelling product because there's so much money at stake. So, I wouldn't be surprised if we if we see this, you know, if we see this kind of hype, if you'll pardon the pun, continue for a little longer, perhaps a little longer than perhaps you might expect, uh, you know, a hot narrative in crypto to to last these days."

"if the total market cap for total three happens to fall under 1 trillion to around 950 uh billion, then I'll be more prone to want to go in."

"I don't think that the market cycle is over. I do think that we will see Bitcoin and altcoins go much much much higher later on. I just don't happen to see that right now. And also Q4 has historically been the best quarter in crypto. So personally, if we do happen to come lower, I want to load up because I'm still expecting a big move up in Q4."

"So starting Wednesday, is that right? Starting Wednesday. Yeah. It's token 2049 in Singapore. Many projects are announcing things including Berchain, Salana, Apis. There's going to be a lot of announcements coming out of this event, guys. So, keep your, you know, keep your notifications on."

"And then finally to finish off the week on October the 3 is none other than the non non-farm payrolls NFP. Uh, so 45K is expected and 22K was the previous."

"The possibility of a government shutdown could be important to follow in regards to the DXY, Bitcoin season, and alt season."

"Last shake out before October when everything goes to the moon. Hopefully."