Bitcoin Just Flipped! Is the Bottom Finally In? w/ Kris Bullock & Bijan Maleki | Trading the Markets
Bitcoin Just Flipped! Is the Bottom Finally In? w/ Kris Bullock & Bijan Maleki | Trading the Markets
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Note: AI-generated summary based on third-party content. Not financial advice. Read more.
Quick Insights

Accumulate Bitcoin (BTC) on pullbacks toward the $65,000 to $66,000 support zone, with a sustained weekly close above $82,000 to $83,000 confirming the next major bull market leg. Look to buy market leader Hyperliquid (HYPE) during sideways consolidations following its recent all-time high breakout above $80. Use current price pauses to build core holdings in Ethereum (ETH) and Solana (SOL), which are backed by strong institutional ETF inflows and solid upward momentum. For aggressive momentum trades, target entries on Pudgy Penguins (PENGU) during pullbacks toward its 10-day moving average after its 67% weekly surge. Reallocate capital by cutting underperforming assets like Sui (SUI) and Dogecoin (DOGE) to focus exclusively on these higher-strength market leaders.

Detailed Analysis

Bitcoin (BTC)

  • Bitcoin experienced one of the largest three-day short squeezes in crypto history, triggered by macro announcements regarding Treasury bond buybacks and dollar debasement.
    • The mechanical short squeeze was followed by legitimate spot demand, resulting in the largest weekly ETF inflows year-to-date and the highest in over a year.
    • The Coinbase Premium Index rebounded toward neutral/positive territory, signaling that US retail buyers have started returning to the market.
    • On-chain metrics show the short-term holder realized price (around $65,000 to $66,000) has started curving upward, indicating recent buyers are back in profit and shifting this level from resistance into support.
    • Technical momentum indicators on the monthly timeframe (such as the monthly megatrend and cycle momentum models) are on the verge of confirming a transition from a bottoming pattern into a sustained cyclical bull market.
    • To technically confirm a full structural bull market, price must break out and achieve sustained weekly closes above the previous countertrend peak at $82,000 to $83,000.

Takeaways

  • Watch for weekly candle closes above $82,000–$83,000 as confirmation that a new macro bull leg is underway.
  • Long-term investors can view pullbacks toward the $65,000–$66,000 cost-basis zone as favorable support levels for risk-managed accumulation.

Hyperliquid (HYPE)

  • HYPE demonstrated exceptional relative strength by hitting new all-time highs above $80 (reaching approximately $83.73), driven partly by news regarding expansion efforts into the US market.
    • The token achieved its highest weekly candle close in history and continues to print higher highs and higher lows.
    • Price action is undergoing a textbook sideways consolidation rather than a sharp pullback, allowing key moving averages to catch up.
    • HYPE reached a market capitalization of $17.9 billion, overtaking established assets like Dogecoin.

Takeaways

  • HYPE remains one of the strongest market leaders; entering on sideways consolidation periods or shallow dips toward its daily moving averages offers favorable risk/reward compared to chasing vertical breakouts.

Ethereum (ETH)

  • ETH is displaying constructive price action by holding steady near its previous weekly close and consolidating well above its core moving averages.
    • Institutional ETF inflows recently reached a milestone where net buying surpassed new ETH issuance supply for the first time since May.
    • Momentum indicators show active uptrend continuation without signs of rolling over to the downside.

Takeaways

  • Ethereum's price consolidation and net-positive institutional absorption indicate solid structural health, making it an attractive core holding among large-cap cryptocurrencies.

Solana (SOL)

  • SOL is exhibiting top-tier relative strength by trading higher than its previous weekly close.
    • Price continues to grind sideways and establish higher highs and higher lows above key support levels.
    • Short-term exhaustion signals (DMark 9) suggest a minor consolidation phase is natural before the broader uptrend resumes.

Takeaways

  • Maintain bullish exposure to SOL, using short-term sideways consolidation as an opportunity to add to positions rather than expecting deep retracements.

Sui (SUI)

  • Despite positive fundamental news (a buyback of 500,000 SUI funded by stablecoin yields), the token is showing significant relative weakness.
    • The price failed to maintain its breakout levels, dropped below its 10-day and 20-day moving averages, and was rejected below its 200-day moving average cluster.
    • The asset is materially underperforming broader market leaders like SOL and ETH.

Takeaways

  • Consider reducing exposure or rotating capital out of SUI and into higher-momentum market leaders rather than holding through prolonged downtrends.

Near Protocol (NEAR)

  • NEAR is displaying neutral to weak technical performance, having broken below its established multi-month trendline and flipping prior support into resistance.
    • While it retains long-term fundamental potential in the agentic AI sector, it is currently failing to attract the same buying demand as leading layer-1 ecosystems.

Takeaways

  • Wait for NEAR to reclaim its lost upward trendline and clear overhead moving average resistance before allocating new capital.

Pudgy Penguins (PENGU)

  • PENGU delivered a massive 67% weekly gain, breaking out from a strong multi-month base that had been defended since February.
    • Following the large impulse move, the token is maintaining its structure comfortably above its 10-day moving average without experiencing heavy profit-taking.

Takeaways

  • PENGU is displaying strong relative momentum; pullbacks toward the 10-day moving average provide logical entry points for momentum-oriented traders.

Rekt (REKT)

  • REKT gained 35% over the past week, supported by high trading volume and the rapid sell-out of its "Rekt Trader" NFT project on Robinhood Chain.
    • The token is facing resistance at the underside of its long-term moving average cloud and needs to firmly establish support around the $0.12 level.
    • As a micro-cap asset, it carries significantly higher volatility compared to large-cap tokens.

Takeaways

  • Monitor whether REKT can hold and build a base above $0.12; keep position sizing conservative due to micro-cap volatility.

Pond Coin (PNDS)

  • PNDS is tracking upward with consistent daily higher highs and higher lows.
    • The project benefits from its positioning as a launchpad tied into the expanding Robinhood ecosystem.

Takeaways

  • Ride the existing upward trend while monitoring broader sentiment and adoption surrounding Robinhood-related crypto developments.

Dogecoin (DOGE)

  • DOGE is lagging behind the broader meme coin sector and underperforming leading altcoins.
    • Price was rejected at its moving average resistance and rolled back toward short-term support around its 10-day moving average.
    • With a market cap of approximately $13.2 billion, it has fallen behind faster-growing alternatives like HYPE.

Takeaways

  • Capital within the meme and speculative sectors is favoring higher-beta performers (such as SPX6900); avoid over-allocating to DOGE until relative strength improves.
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Video Description
Bijan Maleki and Kris Bullock are back to break down a potentially important shift in the macro setup for crypto. With the U.S. Treasury stepping up long-dated bond buybacks, long-end yields are falling and the dollar is weakening, conditions that could become increasingly supportive for bitcoin, gold, and other risk assets. 👉 Have a question for Kris? Join the live show every Wednesday at 1pm ET in the RV Discord. Register here: https://discord.gg/FTQsrUhD9Z. 🔥 Get 𝗙𝗥𝗘𝗘 𝗔𝗖𝗖𝗘𝗦𝗦 to Real Vision https://rvtv.io/3YOZZUe Timestamps: 00:00 - Crypto Market Recap: What Drove the Massive Rally? 02:25 - Bitcoin’s Historic Three-Day Short Squeeze Explained 05:48 - Bitcoin ETF Inflows Surge to a One-Year High 08:08 - U.S. Retail Investors Are Buying Bitcoin Again 10:23 - Altcoins Rally as Crypto Market Breadth Surges 11:30 - Bitcoin Bottom Signal: Is the Bear Market Ending? 15:27 - Bitcoin’s Monthly Trend Nears a Major Bullish Flip 19:14 - Is a New Bitcoin Bull Market Starting? 23:10 - Liquidity, Bond Yields & the Bitcoin Debasement Trade 27:35 - Hyperliquid Hits a New All-Time High 31:28 - Solana & Ethereum Show Major Relative Strength 34:18 - The Altcoins Outperforming Bitcoin Right Now 35:06 - Sui & NEAR Lag the Crypto Market Rally 40:21 - Should You Rotate From Weak Altcoins Into Market Leaders? 44:00 - PENGU, ESP & the Strongest Altcoin Setups 46:08 - REKT, Robinhood Chain & Emerging Crypto Plays 50:12 - Dogecoin vs Hyperliquid: Which Has More Upside? 52:04 - Best Crypto Trades: What to Buy After the Rally? Elevate your brand with Real Vision. Connect with us at partnerships@realvision.com to explore advertising possibilities. About Real Vision™: We arm you with the knowledge, tools, and network to succeed on your financial journey. Connect with Real Vision™ Online: Website: https://www.realvision.com/join Twitter: https://rvtv.io/twitter Instagram: https://rvtv.io/instagram Linkedin: https://rvtv.io/linkedin 👉 Join our Discord channel and meet like-minded people: https://discord.gg/FTQsrUhD9Z Disclaimer: https://media.realvision.com/wp/20231004185303/Disclaimer-1.pdf #bitcoin #crypto #cryptocurrency #btc #ethereum #altcoins #cryptomarket #cryptotrading #bitcoinprice #technicalanalysis #macro #liquidity #investing #trading #etf #nvidia #ai #realvision
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