URGENT! Binance Hacked, What Crypto Investors NEED to Know! Transcript, AI Summary & Key Points

00:00 Okay, we woke up to news that Binance was hacked in what is the biggest cyber security hack of all times. Not even the biggest cryptocyber security hack of all times, but the biggest cyber security hacked of all time. What we understand up until now, I'm going to take you all through this um is that the incident was uh so far $6.3 billion was actually stolen from Binance of which about $3 billion has been frozen on chain so far.

00:26 And we're going to talk about what exactly that means and how how the the guys did it. But important to note that initially they said that the security incidents may involve a compromise in the DevOps engineers laptop which allows an attacker to get access to a service container and submit unauthorized withdrawal requests. Um and none of their private keys were were were actually hacked and as a result they're taking all the the correct measures which is you know temporary suspending deposits and withdrawals even

00:50 though now you can deposit you just uh can't withdraw etc. And that's where we're at. So, um, if you want to know basically everything in in one tweet, Block Works published a very good tweet. They said one on at 4:24 p.m. EST. Now, let's talk about the timing here. Uh, one transaction emptied Binance 14, one of the exchanges main Ethereum hot wallets, 1.615 billion of USDT, 167,000 ETH, um, 62.6 million RLUSD, and a whole lot of others.

01:21 And we'll talk about specifically which one was do was done. It was used by tornado cashache. So it was all again laundered through uh uh uh tornado cashache and ultimately what we know since then is that um Zack XBT actually linked the wallet of the exploiter. So the so he says updated uh stolen funds $6.3 billion from Binance and $388 million from Bitket that which was a previous hack were co-mingled at the same address 45 minutes before he wrote this tweet which basically means that it's the same people that

01:56 conducted the uh BitKit hack earlier this month which we know we think is the the North Koreans DPRK or the Lazarus group. they um they were the same attackers because they basically co-mingled uh uh uh uh two wallets. So that's what we woke up to today. The good news is that Binance and you know um uh Yeihei basically says that she I think she's the new CEO of Binance or one of the one of co-founder and chief custom officer.

02:23 She says uh Binance will cover all the losses. So all funds are safe. CZ also basically came out and said and said all all funds are safe. Binance will cover all the hacking losses. Although deposits and withdrawals are temporarily uh going to be stuck. Um yeah, also I mean good to know that you know the the the hack was 6.5 billion which could have been a lot more a lot worse uh a lot worse than than than than if if this hadn't happened.

02:51 But what happened was big companies and big protocols actually came to the party and started freezing funds. So um Tether froze $1.8 billion, USDC froze $800 million. uh RLUSD uh uh uh uh froze $40 million. So, a lot of protocols moved really quickly to to freeze the hack to to freeze the hack banny and as a result we're now talking about $3 billion or $3.5 billion which which was hacked.

03:20 Let's talk about the timing. So, this is when the attacker started 2020 and like let's just we're not looking at the specific times. We're looking at the amount of time. Then 4 minutes later, the first light sweep uh another sweep reported at 11:56 p.m. and then the delegation was removed at 12:00. So this whole thing took over uh it took around 4 hours from from beginning to end.

03:41 Initially they said that the um they said that the um uh the the incident happened around a compromised dev ops engineers laptop which I do think is crazy. like a DevOps engineers laptop can give someone access to $5 billion which is which is absolutely crazy. Um but what we now know or what they've come out now and said is they said um our investigation update our initial investigation suggested that security incident may have involved a compromised laptop.

04:13 However, a subsequent investigation has uncovered additional uh uh points of breach. This was a complex attack and we're doing all we can in coordination with law enforcement to basically resolve it. We're still gathering the fact and everything else. So, another big industry hack, this time the biggest hack in cyber security history, which is $6.4 billion.

04:32 I mean, you have to take your hat off to the Koreans, the North Koreans for a country that doesn't have commercial internet. I mean, these guys are turnurning out incredible, incredible, incredible hacks like Binance, uh, Bitgget. You can imagine that it's actually so big that it's it must be like a very significant line item in the the North Koreans in the North Korean GDP.

04:52 Um let's look at how tokens actually responded. So I think the first one we need to look at is what actually happened to Binance or the BNB token when that happened. I'll go into I'll go into a slightly uh bigger chart. So that is um let's just yeah let's just go back to in fact yeah let's go let's go on to data here. So that is the BNB token. That is that is the BNB chart.

05:13 Uh you can see that we had a drop. Um it was at about $760 before the hack. It dropped all the way to $678 when they contained it. Uh that's when the it came back to 700. So not much movement on the BNB token as it relates to Bitcoin. And we'll spend a lot more time around this whole Bitcoin thing. But Bitcoin wicked down from where it was before and I think it was around 80,000 or 81,000 before.

05:39 And it wicked down all the way to about 76,347. But it also wicked down to a key level which I want to talk about because you know that my thesis has been that we're in a correction and that we've got to get to certain levels in the correction. Now the question is was this actually enough to get us to to the levels that we want to go to. The other place that I wanted to to look at is look at the tokens that were actually stolen by the hacker because remember when the hacker steals they then start selling the tokens

06:06 right and so these are the tokens that were actually hit by the hacker. So the notably TRX, Athena, Arbitum, ETH, Link, AA, unis swap. And the reality is that if you look at these tokens, not much movement. And the reason why there's not much movement is because the amounts weren't actually very big. So you're talking about like $38 million of Athena.

06:26 Um, if you look at what that did to the price and you look on on a on a daily. I mean, not great, but you know, let's say that they were here 21.75. They went all the way down to 17 or 18 and then and now we're back at about 19 cents 19 cents on Athena. And it's the same thing with pretty much all of the the the tokens that that happened with there wasn't there weren't big moves like there weren't big moves um 10 12%.

06:53 Um and so all in all, I'd say I think crypto escaped relatively unscathed from what could have been a massive disaster. If this was, you know, like I don't know if if if 6 billion was stolen or if it was 10 billion, then I think we could have had a much bigger disaster. As it currently stands though, if you look at Bitcoin, we went from $81,000 yesterday to $77,500.

07:14 And we'll talk about about all the prices. I think it's worth talking about the elephant in the room. And the elephant in the room room room is that look we are we are in a period where we're dealing with AI and we're dealing with crypto hacks which have absolutely gone through the roof. Like if you look at the number of crypto hacks, you're talking about 7 uh uh 50 security in uh uh incidents in 2026 with potential losses of $9 billion.

07:46 Right? that is a a combination of crypto growing, but it's also a combination of the fact that now there's AI and AI makes hacking and finding uh vulnerabilities a lot easier. So things that used to take hackers years and and and and maybe decades now it can take an AI working with a smart hacker a fraction of the time. And it's it's quite clear right now that the North Koreans and many other hacking groups are basically targeting crypto because they know that if they target crypto, they can get liquidity very sim very

08:17 quickly. If you rob a bank, they can always reverse the transactions, right? But with crypto, the honeypot is so immediate that it really makes AI a real threat to crypto. And in this spirit, yesterday we also had another hack and it was like a couple of hours before uh a couple of hours before this hack. We had a this I started off with the Wall Street Journal saying $2.6 million in user funds were drained from Poly Market accounts.

08:42 So this wasn't a hack of Poly Markets. It was it was it was Poly Market accounts being being hacked. So imagine if you're a user on Poly Market and you were just literally on on the website and you had your wallet connected. I don't have a wallet connected. This is a work laptop. It doesn't have wallets that you can really connect. Um but you all of a sudden um all of a sudden you you your wallet just got drained and this is basically what was going on.

09:09 So Poly Market came out and they said, "Look, you know, we've identified and fixed the issue impacting the platform. One of our third party providers was compromised and we have referred this to relevant law enforcement. Anyone who's been impacted will be made whole." So, they came out and they basically said, "Look, anyone Sorry, there's there's I'm going to keep checking news because there's news.

09:24 Um, uh, there's news coming out here." Hold on a second. Um, yeah. So, so yeah, we'll we'll talk about that news in a second. But going back to Poly Market, so they came out and they basically said, "Look, you know, we we'll make any any user uh uh uh basically basically whole uh when this happens." Now, the interesting thing about the Poly Market hack, I want to I want to show you the Poly Market hack was because I think this is quite important.

09:50 It says, here's what happened in the Poly Market hack. Poly Market got hacked through a what they call a speed tracking script. Polyarket.com loaded a small script from uh from Debug Bear, a company that checks how fast websites run. Someone swapped that file for a wallet drainer named same name, same address. Your browser trusted it because it was Poly Market's uncode.

10:14 If you f it found you logged logged in session checked your balance it found you logged in session and checked your balance then it told your then it sold your positions and sent your money through poly market's own withdrawal systems. So this was a very different attack. The attack here was you know you've all got um you've all got uh uh uh uh Chrome extensions that you use and you all got websites that you use and here it it infiltrated a normal website.

10:40 So, you would have thought you're on Poly Market. You would have done everything right. But the thing is that on Poly Market, there was malicious code which was designed to to steal your wallet. And I think we need to to take a second and just discuss where we're at here. We're in an age where AI is making it very very very easy for hackers to steal.

10:57 Some of the thefts are going to be really big. And we'll talk about some really big thefts that I'm actually still worried about. Those will be exchanges that are hacked. Someone said earlier on which I which I read which which I think we need to talk about um and try and find this tweet for you but he said prepare for IBIT being hacked. Now IBIT is Black Rockck's ETF.

11:19 He says in February 2025 the attackers behind the BBIT compromised wallet developers um uh developers Mac through a malicious project disguised as a legitimate Docker relating tool they had access for 17 days before the theft giving them enough time to manipulate the transaction interface used by signers. The signers believed they were approving a legitimate transaction.

11:38 Instead, they unknowingly authorized a theft of 1.5 billion from a cold wallet. We all remember that, right? Same thing happened now. He says, "Now, now imagine the same thing happens to IBIT. Black Rockcks IBIT is the world's biggest ETF. It holds 815,000 Bitcoin worth $63 billion. Coinbase remains its active custodian, although Anchorage has been appointed as an additional custodian.

11:59 So, there's a I think this is the part that we need to talk about. There's an extraordinary concentration of Bitcoin under one custodian and to date we've had many um exchanges being hacked but the one thing that we actually haven't had hacked yet is one of the custodians Fireblocks copper coinbased custody IBIT uh uh not IBIT Bitcoins and they all use this technology which is called MPC multi-party computation right now today no one has managed to hack multi-party comput computation effectively but it doesn't mean

12:28 that it won't happen and when that hack actually happens and you notice that that I said I don't say if I say when that hack actually happens that will be a massive hit to the industry so why am I saying this there are a lot of opportunities in crypto but you also need to be super super super vigilant we I mean in just the last month the biggest exchange was hacked the biggest prediction market was hacked the biggest wallet was hacked I don't know if you remember but Ledger also got not hacked but you had a ledger

12:57 supply chain breach which basically uh which basically got um a lot of users, lost like I think it was about $100 million. So, what do we do? Because it's becoming I don't know about you, but it's like becoming incredibly incredibly incredibly incredibly scary. Let me give you some pieces of advice. The first thing is spread your money. And when I say spread your money, Ledger, Treor, some on on I hate saying this, but some on exchanges um across exchanges.

13:22 Don't keep all your money in one place. make an assumption or make the the assumption in your head that wherever you're storing your crypto, you're going to get you're going to get hacked. So, make an assumption that your exchange will get hacked. Make an assumption that your your wallet will get hacked. Make an assumption that that your custodian will be hacked.

13:41 And make sure that you can withstand those hacks. And if not, then spread your money even wider. Right? So, like I used to be with five custodians, I'm going to be with six custodians or seven custodians. I used to have two ledgers. I'm going to take 10 ledgers. Right? Why? because I want to make sure that if one gets hacked, I'm reasonably diversified.

13:58 The second thing that I say to you is you've got to be extremely extremely extremely vigilant. And by this, I mean the following. Number one, save your trans save your wallets, save your your sites that you transact in. Save them in your favorites and only use them from your favorites so that you know that you're not getting a malicious website. That's the second thing that I would say.

14:18 The third thing that I would say is look I I I I'm not here to shield you anything but I have to talk to you about a company like this company called Pocket Universe or Kerbras. It's the same company right? What they do is they give you a Chrome extension and that Chrome extension exactly prevents this kind of hack. So why it's a Chrome extension that sits on your on your website?

14:42 So I actually think I've got the Chrome extension. I just want to make sure that I actually have it. Give me one second. Let me just make sure that I've actually got the right extension here. Yeah, here we go. So, let me quickly just pin it here so you guys can see it. So, you see I have the extension. This is my work laptop and you guys can see that actually I actually have the extension over here.

14:59 It's called Pocket Universe. Now, what does this Pocket Universe thing do? It reads the code dynamically. So, while you're surfing, it actually reads the code dynamically and it warns you before you make a transaction that you're on a malicious site and the site's trying to drain you. Right? So, it sits there. There's no cost to downloading the the the the scanner so to speak.

15:17 And when you are on when you are on um uh uh surfing, if you go to malicious website, I say, "Well, this is a malicious website. Don't make the transaction. Don't sign the keys." If you want to sign up, there's a link here to pocket universal kerbas. >> When I think of Huntress, the very first word, >> okay, so if there is a link here again, it's it's free to sign up.

15:38 It's a it's a it it's a a Chrome extension that anybody can use. And again, I think it's one of those things that you have to do everything that you can to remain vigilant. So, multiple wallets, multiple exchanges, um make sure obviously key management in that is is like the absolute basics. Um but also like you know, pay for for um cyber security, pay for things that actually protect you, install these extensions that that that that that we have because look guys, we're in that age now and you've got to do everything

16:11 that you can to actually stay safe. So, I mean, I've been using Pocket Universe for a while. Um, it's it's a company called Kerbus or Pocket Universe that own that own both companies. Install the the thing. It says, um, we'll show you how your assets are affected on every signature. So, you can see with peace of mind. It basically shows which assets are being moved.

16:28 Is it fraud? Is it trusted? Uh, and it's it's it's really the ultimate protector across across every single chain. Um, all right. What else? So, we know that there's lots of lots of hacks. Um uh I think we've spoken about all the different hacks. We've spoken about all the different tokens that that that can be hacked. Some response from CZ. So Elon has been actually trolling CZ um quite a bit.

16:52 Uh and CZ says, "Look, Elon, uh we have a lot of respect to you, but but a bad time to troll. Please stop." He basically says, "Look, our SpaceX shares uh our SpaceX shares, which Elon CZ gave Elon $500 million when he took over Twitter and he needed $40 billion. uh he gave him half a half half a billion dollars and like that's over worth a billion today.

17:12 So he kind of says to Elon uh stop um stop trolling me. Also this came out he says a rough math 6 billion hack 3 billion frozen 1 billion in the safu fund. The gap is 2 billion. We have a billion in SpaceX alone. The gap is is painful but still manageable. So, we're lucky that Binance can actually uh uh take this this hack um and that the funds are safe.

17:35 And that is why I think we're in a position where the market is is not absolutely collapsing, but we're at 77,500. And we're going to talk about some Bitcoin levels in a couple of seconds. Um probably ironic that if you think about like a centralized exchange's biggest competitor, it's Hyperlid. And if you watched my shows yesterday, you might remember that we spoke about how Stan Drunken Stan Ducken Miller basically bought into Trade XYZ, which is the decentralized perpetuals exchange, which is built on top of

18:09 Hyperlid, right? So, um, my thread guy says, you know, on the same day, it's absolutely ironic, says, "Welcome to crypto stander." Um, you know, and Mer says, "Binance being the largest hack in internet history on the same day that Dra and Elon post about Hyperlid is truly an insane, insane, insane simulation." Um, I say the news yesterday was so big, which we should probably pay attention to.

18:32 Jose says, "Probably the most bullish thing about the news that happened yesterday, and for those of you who missed the news that happened yesterday, it is that ICE, the parent company of the NASDAQ, has partnered in has partnered with a a crypto company called Trade XYZ, which is a per exchange built on top of Hyperlid to build a 24/7 Pers trading venue.

18:52 So, the New York Stock Exchange is actually building a 247 uh trading venue using Hyperlid's rail. So, this is how Hyperlid responded. It didn't go over $100. Hard to believe that. Hard to believe that on the day where Elon and Stan Draken Miller basically announced, I would say, one of the most significant actual developments for crypto adoption, Hyperlquid didn't go over 100, but I mean, it it did do really well.

19:16 Let's look at ICE. ICE is the parent company of of the NASDAQ, and it went up a hell of a lot. It went up from um 155 to 16 to to 166 yesterday on that news. So, it was a massive event. Um, and then this token that we've been talking about on Hyperlquid, which is called Kinetic, the one that Andre told us about, um, this token is at 57 cents. The reason why this token is doing well is because Hyperlqu is doing well, and they're launching a layer 2 on Hyperlquid called Elisium, which is like a layer 2 EVM on Hyperlquid.

19:51 Um, and yeah, and so now this this token is doing fantastically well. So that's that's pretty much the hack and you know hyperlquid and hyper liquid benefits etc etc. Now let's talk about some other things as it relates to to Bitcoin and stuff like that. So the first thing is guys it hasn't been the popular view but you know that I've been calling for a correction and every time that I've made a show around the fact that there's going to be a correction I get the hate in the comments.

20:15 I get people commenting and basically saying there's not going to be a correction etc etc. In fact, I'll actually take you to my Twitter just so that you can see how bad the hate is when when I do things like that. Right. So, I'll go I'll go a little bit back and I'll actually show you um I'll actually just show you some of the some of the hate. Uh when was I in when was I in Singapore?

20:38 It was just after >> beginning of the month. >> Beginning of the month. Okay. So, here it is. Here we go. So, I mean, this is this is a show tweet that I did. I said, "I'm taking profits on my altcoins." This was on September 29th. Now, let's just get some perspective. September 29th was here. September 29th was here. That was September 29th. It was uh Bitcoin was at 85,000.

21:07 So, at 85,000, I came out and I said, "Look, I'm changing my strategy. I'm I'm starting to take profits. I'm starting to take profits on my on my old coins." The level there was 85,7600. The high that Bitcoin was was a wick at 87,000. So you could say that pretty much nailed the top here. Like maybe it was $1,000 before the top here. I came out and I made a show and on that show I said guys, you know, I'm actually taking profits on my old coins.

21:32 It's been great, but it's time for me to take some profits. Okay, if I show you the amount of hate that I got in the comments here, I mean just just luckily you make your money farming engagements and shilling and shilling rugs. Um uh you're such a laugh. Yesterday you said buy Bitcoin ran the scam. Uh please sell so hopefully it goes up. Uh you're starting to lose credibility.

21:55 Um re the reverse banter indicator. This is the comments for when you call the market down for people. Now again, let me just give you a perspective that this is exactly 85,000 is exactly when uh this happened. It was September 30th. It was over here um over here. I'm going make it bigger for you guys. So, it happened on September 30th and I took all the abuse.

22:17 Obviously, I couldn't give a I've been here for long enough. And I took all the abuse and I've been making a lot of like like bearish shows since saying, "Look, I'm waiting for a correction." And you know that if you've been watching the show, I said to you, "Look, we are going to get a correction. There are a few things that I want to see. The first thing is I want to touch the EMA or the the 50we moving average.

22:35 Okay? Now, that's what I've been calling the first time. I said, look, my first level would be that we touch the 50we moving average because in a bull market once we break through the 50we moving average, we very seldom actually go below it, right? So, I said firstly, let's touch that level. Now, look, now we've just just just missed touching that level over here.

22:56 So on in a way that's like a good thing, right? Like it's great that we're now starting to move down. The second thing that I said is I want to see more fear. This was the fear and greed yesterday and I'm going to refresh it now. Again, I don't know how much how refreshed it will be because Okay, now we're at fear. So we're starting to make progress in in in changing the in changing the perception.

23:21 So the good news is that we are moving. There's a couple of good pieces of news. The good the first good piece of news is that Bitcoin is at 77,000 after the biggest cyber security hack in the whole world that history's ever seen. BNB is at 700 after the biggest cyber security hack like for for it. So you can imagine that like we are as an industry doing incredibly incredibly incredibly well.

23:44 I'll I'll show you I'll show you in a bit like why I think we're doing even better, but for now we're starting to come into fear territory. And one of the things that I wanted to see in the correction is I wanted to see fear, right? um uh uh uh uh uh uh wanted to see fear. So, someone says, "Stop making nose in your mouth." Sorry, it's not my mouth.

24:01 It's this. Um cool. I also said to you guys a few days ago, I made a show and I said, "There's a big Bitcoin move imminent." And I said to you, the reason why I think there's a big Bitcoin move imminent is because of the Ballinger bands. Hardest. Do you remember that show? And I made a whole show about the big Bitcoin move that was imminent. And I said because the Ballinger bands said, I said, "I think the move will be down."

24:19 And that show must have happened around the 26th of October. So, let's quickly just go back and get all the receipts. Uh, cryptobanter just tell Amy I'm still live, so if there's any meetings, you must just uh manage them. Please. Uh, I came I said here I said I came to you guys here and I said to you there's a big Bitcoin move imminent. Uh, hold on a second.

24:46 Yeah, it was it was on the this is the show that show was uh was nine days ago. What date was nine days ago? It was the October 20th. I said to you, look, there's a big Bitcoin move imminent. And I said to you that I suspect that the move's going to be down. And again, I got all the hate in the comments if you look at the comments here. Um uh the move will definitely be up.

25:09 Thanks, man. You like people people uh uh talking about that uh confirmation from run. The move will be up will be up. do exactly the opposite of what he basically says. Great. Now we've had the move or now we're in the beginning of the move. So I'll show you why I think it's the beginning of the move. Uh so the Ballinger bands were tight. We got the move.

25:29 I said to you the the average move is about 10 to 14% from when the Ballinger bands are are here. Uh we are now at about 7% or eight actually no we've actually hit about 7% in that move. So again called perfectly. Um which brings us to to this correction. Now, do I think that the correction is over? No. I'll explain to you why I don't think the correction is over.

25:50 I think that we've broken trend here, right? So, if you look at at this trend over here, we've just broken this trend on the way down. Now, we haven't closed below it, but it looks to me like we will land up actually closing below this trend line from September 20th, and we're going to start moving more down. Also, if I take the data and I look at the data and I say, "Hold on a second.

26:12 Um what happened the last time these exchanges were hacked? So after seven days the prices look at this is like the BBE hack. This is the Binance hack. This is the Ronin hack. This is the coin check hack. Generally what happens is we go down. But in the period for the 30 days after we also go down and one of the reasons why we're going to go down is because this hacker has $3 billion worth of Bitcoin and ETH which they're going to sell, right?

26:35 And that's $3 billion worth of Bitcoin and ETH sell pressure on the market. Right? So, um, so, so long story short, I do believe that we're now in the midst of this correction that I've been telling you is going to happen. Now, where, what are the levels for this correction? The first level for this correction would be this level over here, which is the 75,000.

26:55 Unfortunately, I think we're going to go below this this level over here. Then, we're going to go, in my opinion, to the bull market support band, which is the next level that I said. So, the bull market support band is currently at 72,000. Um, yeah. So this is the bull market support band over here. Uh and I think that that would be the next level.

27:15 The 72,800 is is pretty much the next level. I think that that is where the correction ends. But if not then we would go down to other levels. Now I think other levels would probably be the next one would be 70 and we start moving down to the 60s. the levels to watch probably a bounce here which we exactly what we had next move down to here and what you want to see is you want to see fear and greed going down into the mid20s and maybe even 20 that's what you're looking for for the correction to end I do believe that we

27:46 are in a bull market and I do believe that this is a bull market correction and the reason I say that is because here's your higher high here your two higher highs the trend is up but we also have to go down I would say that I would I would invalidate that if we if we go below here then I would say but be below 63,000 I would say okay then you know then we're back we're back in the bear but for now I think it's playing out exactly exactly as I said and you know like I hate saying I told you so I told you so but I have

28:12 been sitting here for a long time saying guys I've got 7% of my money in cash uh every time the market pumped I got abuse you've seen the abuse firsthand and I'm showing to you I've played this game before I I'm patient the other day Sheldon said to me he's going long and I said to him Sheldon don't go long you're about to get wrecked and the reason why you're about to get wrecked is there's no fear Um, so, so, um, so that's the levels and I think we're now in the midst of this correction.

28:36 I also warned you a few days ago, I said to you, there's 14 days of extreme volatility that you can expect. I said to you, there are the midterms coming up. Here's the show over here. I said to you that the midterms are coming up. There's a lot of things coming up here. And I said to you, there's going to be 14 days of insane volatility. This video was made 10 days ago, right?

28:53 And we've had exactly the insane volatility that I promised you. So, I think we're in the midst of this correction. Um, I think that now you'll see because of the Binance thing, Jupiter's having problems. He says there's currently a liquidity crunch impacting withdrawals. So, now other protocols are going to start suffering and you got this contagion effect.

29:12 And that's why I think we're going to get a scenario that looks exactly like this one over here where for the next couple of days and weeks, we're going to go down, but then the bull market's going to continue. And that was my thesis long before this Binance hack. Long long long before this Binance hack. That was my thesis. I just didn't know what was going to what was going to cause it.

29:29 Right. My thesis has also been that we're going to get a bit of a reset. And the reset needs to come from the S&P correcting and the NASDAQ correcting and crypto then going down with it. And that's the same uh uh uh uh thesis that Ben Khan's got. He said, you know, yesterday Google dropped 10%. Today it's Intel. Remember, in Q4 of the midterms, it's usually correction in correction, the equity correction.

29:54 So now let's look at Intel. Intel uh missed their their their revenue forecasts. I mean insane insane insane results but just missed forecast, right? So like like absolutely missed their forecasts and as a result the market's now punishing Intel, right? So let's quickly look at let's quickly look at Intel. So let's quickly go to INTL INTC. Sorry, INTC.

30:15 Intel's INTC. Let's look at at INTC. Look, it's now down 50% on the pre-market. right here is a a very big opportunity for you. I think that 30% down on Intel is like ridiculously low. I think that you you see the the markets are closed. So, if you're in Tradfire, you're stuck at 92 from yesterday. If you go to variational, you can farm points and you can actually buy Intel right now.

30:41 You can buy Intel at $68. And like again, you are you got to make the assumption that Intel is is is I mean, let's just look at the the the the 200 day weekly SMA 200 weekly. So yeah, the SMA 200 weekly is at 43. I think $68 is is a good first buy on Intel. Now again, you can trade this on variational. I think you can also trade this on TXO. Let's see if they've got INTC.

31:07 I think they do. Yeah, you can buy it on on on on on TXO on leverage and you can farm points on both of them for the airdrop. So, both of them, if you want the immediate air drop, but you're earning less points, you can do it on variational. If not, if you want the one that gives you points that you can redeem for an airdrop much later, you can do it over here.

31:25 But I'm trying to show you that the stock market is actually also crashing. So, you had Google down 11%. You've got Intel down. If you go from top to bottom on Intel, so that's let's just go top to bottom on Intel. Top to bottom on Intel, there's you are you would be at 67. You'd be 50% down from top to bottom. Okay. So that to me starts feeling like an opportunity.

31:48 It really really really starts feeling like like uh like an like an opportunity. Um um what else? What else? So this is a good chart from Kabis. It says over 60% of the S&P 500's components are now in bare market territory, down 20% or more for record highs. Four of the magnificent seven stocks are in bare market territory with seven names erasing a combined 4 trillion in market cap.

32:11 We are in a stealth bare market. The only thing about this bare market is that for now for now, if you look at it, we're not actually in we're not actually in corre in in in correction territory when it comes to SP500. The S&P 500 is still at all-time highs and it's only certain stocks which are basically bleeding. So insane like price movement very hard for me to to basically explain.

32:36 All right. Lastly, let's talk about altcoins. So the one thing about altcoins is we are looking for opportunities to buy our favorite altcoins. And so when we get market fear like this, we the first thing we got to say is where are our altcoins relative to the buy zones? So are we actually ready to deploy money? Now, here I want to be pretty clear with you.

32:57 So, if you are not I if you are not if you have money and you don't have exposure to crypto and you've been waiting to try and get in, I'm telling you categorically, start getting in now. The more money you have invested, the less you should be getting in. Now, let me explain to you what I mean. If you've got zero uh exposure to crypto or zero and between zero and 50%, I would say now is a good time to start deploying.

33:23 If you have exposure to crypto but not a lot of exposure to crypto then what I would say is so but if you have exposure to crypto above 50% then you need to start being a lot more picky. You need to start being a lot more picky. Now let me give you an example. Right? I have my portfolio with my buy list. This is my buy list. It's the only tokens that I'm looking at.

33:41 I'm not looking at anything else. Right? I know what I want and I've got to ask myself are they coming into the buy zones? And I've actually written myself target prices. Now truth is they're not. The one that I really wanted to buy was derive. But if I look at derive, it only got down to 30 cents. My target price is around 20 cents. So I'm not buying yet.

33:58 It's um but if you don't have any derive at all, then maybe 30 cents is is a good place to to start deploying. And so here what you got to do is you got to everyone I can tell you what I'm buying. I'm buying all these tokens. So Bitcoin, Zcash, Ethereum, Salana blah blah blah blah blah blah. Plus I have a buy list over here. And now I'm waiting for all these tokens to come into my buy my buy zone areas.

34:24 Right. UniS swap. I said I'm going to buy it at $5. Where where is uh where is unis swap today. So unis swap. Let's just look at uni USD. I don't think it's anywhere near the buy zone yet. So unfortunately we don't $6.73. It did go as as as close as $620. Um but I think as I say I think we're now in a downtrend. Here we go. We're going further and further and further down in this downtrend.

34:49 And I think that all these opportunities are now going to come to us. This should be exciting for you. Why? Because if you think like me that we're in a bull market, then corrections in a bull market are very healthy, right? Structurally, the market is very strong. Our biggest exchange was hacked and we are still at 70 $77,000 Bitcoin, right? So like for me, I'm like, hold on a second.

35:09 This is like the best thing to happen. Unfortunately, not many of the tokens are in the buy zones for me. But that doesn't mean that they're not in the buy zones for you because if you if you want to if you don't have the same exposure as me, if you're not all in on crypto, then then you're not you're not uh you're not in the you you um you can start getting in now, right?

35:34 Um yeah. So the idea now is to be super super super disciplined and focused and buy all the tokens that you want to buy at the price. Now the best thing to do is to make yourself an actual written list like the one that I've made here because when you got a written list and these things actually do trigger then you can actually press the button right.

35:50 Um let's just look at a couple of others. Geodet I said anything under 20 I'm in. Geodet 23.95 just not good enough. Derive I said anything near 20 I'm in. Not good enough. Um, grass I said I think under 50 not not under 50 cents not in yet. Uh, I think lighter if honestly I think lighter is probably a very good one. If I think if you're not in lighter then lighter is a very good one.

36:13 So um that's where we're at in summary. I mean I hate saying this is good but this is good. Why? Because we're finally getting into this correction territory that I've been talking about for a long time. I've been saying to you guys for a long time we're going to have a correction. When will the correction end? The correction will end when the fear and greed resets.

36:32 Today was the first day that the fear agreed actually made progress in resetting. We need a couple more days here which I believe we'll get. We'll get a couple more days here. Um I think unfortunately I think we got we're going to go below the 50week moving average and we're going to go to this level over here which is the not much lower which is the um the bull market support band.

36:53 We'll test that and then we'll reevaluate when that happens. Either way, great. We're we're getting a correction in the beginning of a bull market. a correction in the beginning of a bull market is a gift. We use it as a gift. Uh remember also if you want to buy things like I'm going to I'm I'm telling you now I'm going to take a position in Intel. I'm going to I'm going to buy it here.

37:10 In fact, just for fun again, I'm just going to add these things for fun. I'm going to buy one Intel share here um on 10x leverage. I'll buy one one Intel share just why I want to show you on this account how eventually all these positions are going to land up making money. So you have to be have a little bit of patience. So, you have to a little bit of patience and all of these.

37:30 So, I'm going to buy Intel. I'm going to buy it at 68.91. There we go. I've just bought myself one Intel on variational. I've earned points while doing it. I've paid zero fees. I've literally paid zero fees while doing it. So, um I think I think like pretty cool. Links to everything are here. Uh if you want to do it. So, links to everything are actually here.

37:50 Uh you have it you have it over here. You have you have the links to Pocket Universe. This one is free. And I honestly I think like this is probably the most important one is just down download this Chrome extension that will protect you when you're actually surfing. If you need to buy a wallet, there's a ledger link for you guys over here. If you want to trade and get points, you got things over here.

38:09 Everything's there for you. >> The complete self-custody bundle. >> Okay. So, and the complete self- custody bundle. You got that as well. Um. Yes. Okay. I think that is it. Um, yeah. Loving every minute of it. We need to close a week above 55. Look, why don't we change our mindset and say, "Actually, no, let's just go down. Let's just go down and get this correction over with."

38:30 Like, who who cares? Like, the longer we stay here, the longer we're postponing the inevitable correction. Like, let's just get the correction out of let's get the correction done and then let's move on with the bull market, right? This whole up, done, up, done. Like, just get this correction done and gone. Um, let's see what else there is. Someone says, "Run, where is Fair?"

38:49 I think he's on his own channel, guys. I think he's on the 100x club. Um, what else is there? What else is there? Phone's ringing. Is the phone ringing? No, I don't think so. Oh, it does. I did. It rang earlier. It was my wife. Um, what else? What else is there? So, drop it with predictions. So, I mustn't do predictions anymore. Okay. So, no predictions from me.

39:10 Just you. You. Of course, I'm going to give predictions. Um, less than 10% of people that trade come out ahead. That is true. Uh if you're trading perpetuals then yes a lot very few people win but if they win they win big. Uh let's quickly look at the market one last time before we go. Yeah, Bitcoin hovering at the 77,000. Um our our buy zones are not there.

39:32 Um next week we will start some live trading rooms for you guys where you can after the shows you'll be able to trade with us. It's they're on insert.trade. So if you go to insert.trade you continue to the terminal you go to the live trading rooms. We will have live trading rooms here um every every week. So yeah, like this is what a trading room actually looks like.

39:53 Next week we'll have 10 trading rooms running live. You can trade with with us. Shows you all the trades, the take profits, the losses. There's a chat in here. Um yeah, go and check it out. Insert our trade. Connect your exchanges over here. Use the API keys, etc., etc. Connect all your exchanges and yeah, I mean, take it from there. Um is there anything else?

40:13 I think that's it. All right, my friends. I'll see you guys again. I'm not going to do a show later. Sheldon's going to be in my slot later. I had to bring this Binance stuff to you. So, I'll see you on the weekend. Until then, be safe out there, my friends.