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Notable talks from the crypto era

Big Bitcoin News, Solana Moves, and Crypto Market Insights from Lark Davis

The CoinSpeech team collected the most important takeaways from Lark Davis’s recent appearance. You can find Lark Davis’s new video below.

Market Manipulation and JP Morgan’s Warnings

Lark Davis began with some skepticism surrounding JP Morgan’s predictions. He emphasized that JP Morgan has been notorious for predicting market crashes, stating, “I don’t trust the damn thing JP Morgan says. They’re basically massive market manipulators and liars.” According to Davis, their latest forecast of a 20% downside for the S&P 500 would be detrimental to the crypto market.

The Bitcoin Landscape

Davis highlighted that the crypto market is feeling the pressure, with significant Bitcoin sell-offs causing fluctuations. “We’ve had Germany selling, we’ve had America selling, we’ve got the Mount Gox sales coming, everyone’s freaking out,” he mentioned, signifying the panic among crypto holders.

However, Davis saw some bullish signals. He noted an approaching bullish MACD crossover and highlighted that a low RSI reading, like the one seen after FTX collapse, is historically a great buy signal for Bitcoin. “A daily RSI reading under 30 historically has been a great buy signal for Bitcoin,” he explained.

The Ethereum and Altcoin Scenarios

Davis also shed light on Ethereum ETFs, describing them as a significant development. “We’re on the verge of getting an Ethereum ETF any day now, very interesting,” he remarked. Additionally, he mentioned that although Bitcoin and Ethereum ETFs often face sell pressure, new altcoin ETFs like Solana could see more substantial buy interest given their smaller market caps.

Solana’s New Moves

Discussing Solana, Davis explained that VanEck has filed for a Solana ETF in the USA, which could potentially lead to a liquidity surge in the markets. “If we get a Solana ETF, hold on to your butts because it’s going to kick off a massive wave of liquidity for the markets,” said Davis.

Beyond ETFs, Solana has been making significant strides, such as its new ZK compression technology and partnerships, including one with the UFC. Davis encouraged users to stay tuned for upcoming articles breaking down these features in detail.

Trading and Market Sentiments

Throughout the appearance, Davis influenced listeners with practical market insight and trading advice. He stressed the importance of not getting bogged down by noise and staying disciplined in crypto trading—holding, accumulating, and distributing where appropriate. “Remain unbothered by the noise and the volatility. Accumulate, hold, distribute where appropriate,” he advised.

Sponsors and Recommendations

Special shout-out was given to the video sponsor, crypto.com. Davis pointed out their extensive lineup of features and various cryptocurrencies available for purchase, including Ethereum staking capabilities, which he found particularly noteworthy.

Don’t miss out on the full video! Watch Lark Davis’s latest insights: