Bitcoin & Crypto BRUTAL Selloff Caused LARGEST Liquidation Event In History

Market Open Stream Summary

Introduction

The stream discusses the current market situation, focusing on the effects of the recent tariff announcements by Trump on the crypto and traditional markets.

Key Points

• The pre-market was brutal, with a significant sell-off, but the actual market open was better than expected.
• The Dow is down 400 points, and NASDAQ is down 354 points, which is not as bad as anticipated.
• Bitcoin and crypto reacted negatively over the weekend, with the largest liquidation event in history, but are now recovering slightly.
• Trump has announced tariffs on various countries, including Canada, Mexico, and China, which has caused panic in the markets.
• The tariffs are scheduled to be implemented tomorrow, but Canada has already retaliated with 25% tariffs on American goods.

Analysis

• The host believes that this could be a good buying opportunity, especially for altcoins that have been heavily decimated.
• Some analysts think that the tariff escalation could propel Bitcoin forward, as it may drive down treasury yields and weaken the dollar.
• MicroStrategy did not buy any Bitcoin, despite it being a good opportunity, possibly due to uncertainty about the tariff situation.

Q&A Session

• The host answers various questions from viewers, including thoughts on Solana, Gala, Stacks, and other cryptocurrencies.
• The host also discusses the potential for a smart play to wait and see how the market reacts before buying more Bitcoin.

Conclusion

• The market is still uncertain, and there may be more volatility to come.
• The host advises viewers not to panic and to stay focused on their long-term goals.
• The stream ends with a positive note, as the market is recovering, and there are still many buying opportunities available.