The Wolf Of All Streets Was $124K the Bitcoin Top? Or Is the Rally Just Beginning?
Aug 26, 2025
Bitcoin's recent dip has sparked debates on whether its peak at $124K marks a top or if a new rally is on the horizon. On-chain data and institutional ETF inflows suggest a potential resurgence. The hosts explore emotional trading and market psychology while sharing humorous anecdotes. They discuss a major deal between Trump Media and Crypto.com, the shift in investment strategies towards systematic accumulation, and the thrilling world of performance cars connected to the crypto community.
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Countach Tow Disaster Story
- Andrew joked about exotic cars breaking down and being hard to tow properly.
- Scott shared a story about Vlad Tenev's Countach being damaged while being towed.
Indicators Favor Continued Bitcoin Rally
- Multiple on-chain and ETF indicators point to more upside, not a final top at $124K.
- Market pros see current weakness as a refuel for further Bitcoin accumulation.
ETF Demand Creates A High Price Floor
- Institutional ETF flows (investment advisors) are driving steady demand and create a price floor.
- Large asset managers like BlackRock buy gradually and for clients, not to time short-term tops.