Real Vision: Finance & Investing Is the Solana Trade Back On? REKT Vision x Raoul Pal
Jun 28, 2024
Financial expert Raoul Pal discusses the latest in the crypto market, including the impact of the selloff in BTC, VanEck filing for a SOL ETF, stablecoin rules in the EU and UAE. The podcast also explores trade signals, positive developments for Solana, and the probability of a Sol ETF launch this year. Other topics include the impact of rate cuts on asset markets, economic concerns, and political uncertainties.
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Positive Headlines vs. Selling Pressure
- The market is experiencing strong positive fundamental headlines, especially structural ones.
- This is overlaid with technical selling pressure, similar to Summer 2023.
Volatility as a Buy Signal
- Bitcoin's 30-day historic volatility reaching 20% has historically preceded rallies between 70% and 200%.
- Solana's similar metric is 50% volatility.
Bitcoin Selling Pressure and Uncertainty
- Bitcoin experienced significant selling pressure, hitting various oversold metrics.
- Upcoming Mt. Gox distributions and government selling add to uncertainty.