This $2.7B Whale Dump Just SHATTERED The Bitcoin Market Cycle!

"I said to you guys, "I think what's going to happen here is at some point SOL is basically going to start consolidating and then it's going to end up actually going up."... But then what we can expect is we can expect a big rotation into Solana."

"No, maybe one more leg down to 107, 105 and then end of correction because then we're down from top to bottom. We would probably be down 15%, 20%. 15%, which makes sense given where the cycle's at. So that's pretty much where what I'm making my base case at the moment."

"What you'll probably see at the end of the correction, if this is right, is that at the end of the correction, the Bitcoin dominance will shoot up again because that's when people capitulate and they go back into Bitcoin and they've had enough pain and torture, so to speak."

"if Hyperliquid carries on buying their tokens as quickly as they're currently buying their tokens, it means that they'll end up buying the entire token supply in 3 years."

"What this whale seems to be doing, he had a whole lot of ETH long leverage positions on Hyperliquid and he ended up making a lot of money on those ETH long leverage positions. And then what he seems to have done is he seems to have said, "Look, I want out of the leveraged ETH long positions." And what I'm going to do is I'm going to sell my spot Bitcoin, $2.7 billion worth of spot Bitcoin, and I'm going to switch those Bitcoin into ETH. So, you can kind of see the wallets over here, and he's basically dumped those. But then what he's gone and done is actually gone and used that money to actually end up buying ETH. And so once he bought the ETH, he went and he staked the ETH. And so what that means is that he's probably switching from Bitcoin to ETH. And it seems like he wants to do this for the long term."

"But then what we can expect is we can expect a big rotation into Solana."

"this September correction that everybody is waiting for may have caught us off guard and we may be in the middle of that September correction. In fact, we may be 13 days in or 11 days into the September correction and we may be 11.05% down."

"So far, we've had 11 days. I mean, if we're going to go 6, 14, add 8, you've got 19 days, another week, week and a half left of this correction, and then we get this correction over and done with."

"No, maybe one more leg down to 107, 105 and then end of correction because then we're down from top to bottom. We would probably be down 15%, 20%. 15%, which makes sense given where the cycle's at. So that's pretty much where what I'm making my base case at the moment."

"What you'll probably see at the end of the correction, if this is right, is that at the end of the correction, the Bitcoin dominance will shoot up again because that's when people capitulate and they go back into Bitcoin and they've had enough pain and torture, so to speak."

"That chart is pretty much falling off a cliff, and it's starting to resemble the charts that happened just before the massive alt seasons."

"if Hyperliquid carries on buying their tokens as quickly as they're currently buying their tokens, it means that they'll end up buying the entire token supply in 3 years."