HUGE Uptober Week for Bitcoin and Crypto... Transcript, AI Summary & Key Points

00:01 Welcome back to another Sunday video. Look at the sun. Makes me look good. Um, so just a few little things to talk about. There's not a whole lot of things going on. Um, Bitcoin is back above 86, trying to close in at 87 again. Last week we kind of had an iffy week. We went up and down, up and down, but we didn't really move. Obviously, we're in the first week of October already.

00:28 And this is traditionally known as October because if you look at the Bitcoin returns for the last 10 plus years with the exception of a few, all of them were very, very, very, very green. Double digit green, sometimes 20, 30, 40% green. Right? So we just started and obviously we closed September green and then uh August green and even July. So this will make our fourth month and it does seem like we want to continue.

01:04 Last week we were kind of iffy. We got you know jobs number and all that stuff and and uh oil you know stuff that I normally talk about and I will continue to talk about. Um, but it kind of held Bitcoin back, so to speak. We just didn't really move. But now it looks like we want to build that momentum. 87 right now is our hard resistance, right? Our local top.

01:31 And I just looked at the liquidation chart uh or heat map on Ask Clash and we just kind of like went through. We broke through some levels. We have a few more levels to break through, but above 87 just kind of clear until like 89 90. So if Asia wakes up and decides, okay, we're go start buying, that's what's going to happen, right? So looking forward to this week.

01:58 Last week, ETF inflow is still positive. It was again, it was a weird week. So we only had plus 35 million for Bitcoin inflow. Uh not like the week before where it was like hundreds of millions. So, but obviously ETF flow can change really quickly. Liquidity is definitely still coming back. And I checked this week. Nothing really big. No economic reports, no jobs numbers, no inflation numbers, nothing like that.

02:25 No FOMC meeting. That's that's end of the month. So, it should be a relatively quiet week. Although, I I'm seeing a lot of stuff about France right now. I don't quite understand it, but like there's a lot of stuff going on. So, I don't know if that's going to affect markets. It shouldn't, not US markets. Um, but yeah, there should be nothing macrow-wise that should be holding markets back, right?

02:54 Obviously, we still have tailwinds to deal with, like bond yields being way too high, you know, stuff like that. But again, this week should be relatively clear and we'll see what happens tonight. If Bitcoin does shoot up above 87 and clears out more leverage and we get a short squeeze that drives us to 89 possibly or 90 tonight, then watch out. This week is going to be FOMO week.

03:21 We're going to see ton of FOMO. Um, and the next true resistance I would say is right around 93,000. So, I'm looking forward to that. It's It doesn't take us much to get there. And outside of Bitcoin, you guys know a lot of alts are moving um and even the big caps are moving like soul is above 120, ETH is above 27 and um and many others have started moving and and outliers like I don't know Arbitum, Zcash, a lot of these guys uh have moved even more.

03:56 So again, it's good. So, I'm looking forward to October and sometimes it doesn't come right away. Like I remember last few years it came like the end of the end of the month. But right now we are definitely in recovery. We're getting closer and closer to midterms, right? And that and that also affects things if you look at midterm years, midterm or election years.

04:20 And the four-year cycle actually like the the having event happens to be on uh election year every single time because every four years but midterm years are usually pretty good too. So leading up to November we could definitely see a huge huge rally and I think we're all looking forward to it. Uh outside that not not much um a lot of enthusiasm over Clashpad.

04:48 a lot of you guys that have been ignoring, you know, the Clash ecosystem. You may not be using Ask Clash or using Clash Pics, but I've noticed a lot of new people inside Discord, our Discord, and that's in the description. You could join our Discord for many things, for just talking about crypto trading, you know, about Clash. Feel feel free to join for any reason.

05:16 But I see a lot of new faces. I see a lot of old faces coming back. A lot of people are really excited about, you know, launching their own coin and and also just getting rewarded for holding a lot of these coins. Um, Clashpad's volume is increasing. So, on Friday, I think I mentioned the soul rewards we gave out was right over 700. Now, we're get closing in at a,000.

05:38 Okay, if you do the calculation, we're we're talking about like $120,000 worth of soul. And that doesn't even count the reinvesting some people have enabled which gives them the actual coin. But you're talking about like a anywhere from like 120 to $150,000 in rewards given back to holders and that's in two weeks. The launchpad has only been active for 15 days.

06:03 So it's quite amazing what what this has done and and really what it represents which is to to hold right uh instead of always trading and there are still a lot of bots a lot of bots are trading and that's what usually kills most coins but I think a lot of bots don't realize that we have the the special transfer fees built in so they're still trying to trade but what they're doing is just generating a ton of fees uh for the platform and that is being used to reward the holders.

06:37 In case people are wondering where are the rewards coming from? How can you generate so much? It's all from the bot trading. You could see it. Any of you guys that have gone on DEX tools or Dex screener and you look at any specific coin, you'll see a ton of trading activity. A lot of them are like very very small and you see a lot of them or the same repeats, the same people that do hundreds of thousands of trades every single day.

07:01 They're all bots. They're programmed to buy and sell and take advantage of the slippage. But with how we have the coin set up in Clashpad with the transfer fees, we utilize all those trades and we take a large portion of the fees and then we give it back to the holders and that's what people love and so many people are creating their own creating their beautiful websites and socials and getting other people's involved and I really like to see that and that's why volume is going up.

07:29 Clash World is also doing very well. It's uh it it breached upon 3 million. Uh it's slightly down, but overall people are enjoying it and I'm working very hard at creating the game and I think it's going to be amazing when it's done amazing. So, I'm still working on that. Um but yeah, that's really it. You know, the Clash ecosystem is doing well. this flywheel effect because of the volume.

07:57 Clashpad has taken in a lot of soul and also has bought back over two I think last time I checked 2.3 million clash so that is obviously happening and a flywheel effect will continue and only increase as more volume comes in right and I can't wait you know with this market cycle getting better the next month going into midterms getting better alts coming back I think this is going to be terrific for Clash and the whole ecosystem and and and people that launch on top of uh Clashpad.

08:31 So, if you haven't checked it out, go do it. It's really simple. Um even if you want to create a coin, it's costs almost nothing, just fees and it's almost instant. Um but if you're not interested, just check it out. Check out all the other projects. Go join our Discord and see how active people are, how enthusiastic they are. Uh it's it's a really different feeling.

08:56 So, that's it, guys. Smash the like, subscribe to the channel. I'll see you guys at the usual time tomorrow, 8:30 a.m. Central Standard Time. All right, have a good one.