What's up everybody welcome back to Discover crypto we got another Saturday Edition of the Alpha Series here on Discover where we're going to be Breaking down this recent pump what it Means for markets what does the onchain Analysis say about where the Market's Headed next we have an incredible Interview lined up with the rational Root who's my favorite onchain analyst In the space so much good data so much Good Alpha and if you want to watch the Full length version of this video with The all the charts and all the different Data points we're going to be discussing Make sure you head over to bitlab Academy which is Youtube.com bitlab Academy the link is Down in the description but for now Let's Dive Right on into this Mr Root How you doing how you feeling thank you For being here thank you so much Kelly For for having me on happy to be here And happy to talk some Bitcoin before we Go any further and dive into all this Data I got to ask you root why why do You think people should be utilizing Onchain data do you think it's something That's necessary for a Trader how does It benefit people why why is it such an Important aspect of blockchain and Bitcoin well onchain obviously really Gives you that edge right like uh it's Still uh a very new field so uh like
Many people are using technical analysis In in traditional Finance but the Onchain is Bitcoin specifically and uh And and it's uh it really brings A New Perspective and and and to have an edge I mean uh it's all about having that Extra bit of information which gives That benefit so it's very useful for Traders um but it's also useful for for Hodlers U because understanding where You are in the market uh understanding The psychology of the market um where we Are in the cycle it really helps you to Prepare for uh a drop or an increase in Price because uh you know we were all Emotional beings and and so um uh it's Easy to get uh you know just like when There's a pump uh the the necessity or You the need to sell do you feel like You know you want to make some profit or You just want to buy more at the wrong Time or you know it's all these feelings That constantly uh are kind of bothering Us where you actually just want to be Rational when it comes to trading or Understanding the market and so so I Think uh onchain uh is useful especially I mean my platform is not really focused On on day trading um it's it's more Focused on um on the the medium-term Trading like trading the cycles and and And also for hodlers to to really Understand what's coming and so just to Feel good to sleep well at night right
When when Bitcoin has its usual Volatility but do you think uh people That are coming into the space whether They're new in trading or investing Completely starting from zero or they're Coming over from traditional assets or Equities uh you know the the traditional Tradire as a lot of people call it does On chain give a different type of edge Than is available uh in the slower sort Of data moving uh traditional markets uh Or is it is it a unicorn that we're able To utilize with investing and trading in In this asset class versus traditional Finance yeah I think so I mean uh it's What makes me so excited about this Field because the the the edge that Onchain gives which is not really as Accessible to the traditional Finance so Think of all the hatch funds and and you Know like people that manage portfolios Like they they have no clue what onchain Even is and so um that that gives us the The extra Edge right like so um so I I'm I'm extremely excited there's so much Useful information about onchain um and It's it's it's especially useful to Understand where we are in the cycle Because if you think of the the Blockchain you know give me one block And I can kind of tell you at what what Position we are in the cycle right Because all that you know information is Just in in those transactions that that
Are in such a block and so um it's it's Really useful for that kind of purpose For as far as predictive power um it's Yeah it it does definitely have some Predictive power and we'll get to some Charts uh for that as well um but but uh I think yeah especially the edge of Onchain currently is like understanding Where we are and what to kind of what to Expect uh not not so much in like the The very short term but more uh on on a Bit of a longer time scale but where do You sit in the camp of where bitcoin's Going and in this next Market cycle top Do you think there's going to be a lot Of people taking advantage of any price That's near maybe just below or even Just above 100K or do you think that We're going to have that huge flood of New interest in the market and New Capital maybe some money printing as Well do you think we're going to get That you know at least one super cycle Where we're eclipsing the gains in Percentage basis that we saw from the Previous from this previous cycle good Uh good question Kelly yeah so um I sit In a camp where I I mean I um I've been Around for some time you know like a Couple Cycles now and um so people have Been talking about super Cycles uh you Know also in the previous cycle I mean People were me included even I I believe That potentially you know we could get
Lengthening Cycles uh or a super cycle And and so uh I was I was wrong there You know like uh and and and so um we Are exactly on track in a fouryear cycle As I just showed and so I I believe it When I see it you know like uh so so I Do think an ETF is extremely bullish for Bitcoin H price-wise uh you know custody Wise uh maybe a little little less Bullish but price-wise is extremely Bullish for Bitcoin because there's so Much Capital out there that just not Easy accessible to uh it's just not Bitcoin is not easy accessible for for So much money there's so much friction Regulation and so an ETF provides uh Kind of uh just Frictional uh acquiring of Bitcoin for For so much money from uh Pension funds Endowments financial advisors and so Forth and so um but so it's really a Catalyst in demand I I think uh and and We could get it by the end of this year Or like you know maybe before January 10 And so um it's something really to Consider I wouldn't want to be out of The market currently like because There's quite a high chance that there Will be an approval since black rock is Involved and and and many others um but There's still some concern there are Some concerns that the ETF might not be Approved and um you know previous Rejections were mainly because of like
Um that there was still wash trading and And stuff going on some sh Shady things Going on and that's still not all Cleared out because there's still this This case from the SEC with binance and There's still some some shady stuff Going on in binance I I I think many Would agree with me so um it you know I That is still a reason maybe why it Wouldn't get approved but but on the Other hand I mean we have involvements Of black Brock which have a very high Probability of approval I mean their Approval rating is like 99% I think they Only at one once that something was Disapproved so so there is a very high Chance but I've been waiting for years On an ETF approval I mean it's been when I I got in the market in 2016 and so uh People were talking about an ETF in 2016 I I think as far back as in 2013 uh so So it's been for 10 years but but the Market has matured a lot and I think Bitcoin is actually ready now and so uh And and and there there hasn't been a Higher um likelihood of approval than Than there currently is and so I I Really wouldn't want to be out of the Market because I think uh once there is An approval and and we saw a bit of it a Glimpse of it with this fake ETF bump That we got um you know that that the Market can immediately pump 10K uh on on That day of of approval and that is
Obviously speculation around the Approval because I think actually uh you Know once there is an approval of an ETF Um we will get like more gradual demand For Bitcoin through that ETF it's not Immediate demand it's like maybe some Some of it will be immediate but but There's still internal policies of comp Companies that kind of cause these Delays in acquiring and and so uh even If we have an approval it might still Take months to build up this uh you know To to get like new demand for Bitcoin And so but I do think it's a very it's a Fantastic Catalyst uh for for new demand Coming in and I I so I'm extremely Bullish on bitcoin because not only do We have a a reduction in Supply with the Next having Which is less than six Months away from now and we have also a A very very likely increase in demand With an ETF approval so so we have like These these two uh Catalyst out there That I've been talking about in my Newsletters now quite extensively as Well and I think uh those are yeah very Worth to pay attention and and as I said Like so I I wouldn't want to be out of The market because uh you know if There's going to be a pump I mean I I Really don't want to be out of the Market um now I I still think there's a Reasonable chance that it won't get Approved um and that we'll just continue
On a slower Pace you know I I still Think my projection towards that next Having is actually 40K um Bitcoin a 40K Bitcoin which I find reasonable um you Know with without an approval you know But if we get an approval I mean we can Shoot we can shoot above uh and and and And that's okay you know like maybe uh But obviously those levels are not Immediately sustainable current levels Already uh we're quite high above the Short-term holder cost basis again about Above that average purchase price of These short-term holders and and so that Can only be sustained for for so much Time right so there there will be Corrections along the Route as well and And and I'm here for it so I just want To shout out everybody that's watching Here from discover crypto make sure that You click the link down below this video Watch the full length because we we go Into so many more charts that we're Sharing just in this clip for discover But do you think we're going to get any Type of sell-off like we saw in 2018 2019 we had the push from 35 to 14 And then not even considering the global Economic shutdown March 2020 but we had A preh having dump that was pretty Significant do you think we have the Sort of recipe the ingredients for that To be happening right now or is there Too much bullishness out there is a
Market just going to sustain somewhere Around this level even if it goes up and Down but above the 36k level before the Having yeah so I I think if we if we if We if the ETF wouldn't be approved that Would definitely be um you know a reason To to dump for a bit you know like but Uh so so I think and but to be honest I Think we will stay above 20K like uh I I I've never been part of the the 10K crew That there's people out there that Believe that Bitcoin would fall back to 10K I was not one of them I've been uh You know consistently saying um that we Will that we'll kind of stay uh below 20 20K and and so uh I I mean we can see That realized prices at those levels There are some other um great bottom Indicators that that kind of show that We that is unlikely to fall below those Levels and so so uh so I I think it's Possible to continue still I mean with Some chop uh to to continue until like This this ETF approval and then it Depends kindy like do we get an approval Or or doesn't if it doesn't get approved Like maybe we dump and and we have like A fierce correction still before the Having but but the having is also around The corner and so uh I I still think People uh uh yeah it's not priced in in My opinion so so there's still uh a lot Of fun on the road to the having I think But I do think that this uh this U
Actually increase in scarcity of Bitcoin Since the third having might cause also An upward pressure so I wouldn't be Surprised if if the next cycle we will Actually see returns similar to uh the 2017 Market or in between the past Market and the 2017 Market because of Course we have the force of of this Increase in market cap that kind of puts Like this still a bit of down pressure To like the market is harder to move but Then the the scarcity increase in Scarcity will again cause a bit more Volatility and so so I think it's it's Maybe fair to say that that the returns In the next cycle will be somewhere in Between the returns of the of the Previous two cycles hit the like button Join us here in bit lab Academy join us At Discover crypto if you haven't yet Make sure you head over to at the Rational route check him out he's got Got all kind of great stuff he shares on A regular basis he's talking at Conferences he's breaking down charts And also make sure you give me a follow Here at Kelly Kellum k y k l m and of Course bitlab Academy's page right here At Academy bitlab and if you haven't yet If you're feeling lost get into our Community over here at bitlab we've got A great Discord sharing all kind of Different charts setups ideas thoughts And of course you get access to that uh
Here uh right at bitlab academy.com join Us here in here we're breaking it all Down for you step by step we have a Whole onchain data analysis course right Here as well to help get you started if Root here did not just set you straight Uh get involved with us I hope uh I hope You all have an absolutely wonderful Wonderful weekend enjoy your Saturday Get out of the charts for a little bit Reset your mind come back fresh and be Ambitiously curious that's all I got for You all hope you all have a wonderful Day thank you all for tuning in again my Name is Kelly Kellum thank you for being Here with us hit that like button hit That subscribe button drop your comments Down below where do you think the Market's going prehab is it going down Is it going to hold here where do you Think it's going to be December 2025 That's all I got for you hope you all Have a wonderful day [Music] Adios
