It’s NOT over!? Crypto is bouncing? - Market Updates & News (LIVE)
Watch on YouTube ↗  |  February 06, 2026 at 23:26 UTC  |  2:36:29  |  Thread Guy
Speakers
ThreadGuy — Host / Crypto Commentator
50 Pence — PolyMarket Trader / Guest

Summary

  • The crypto market experienced a massive "washout" event (Bitcoin touched $60k range), which ThreadGuy characterizes as a necessary "spiritual washout" to reset leverage and narratives.
  • Michael Saylor’s defense of Bitcoin against "Quantum Computing" threats during the MicroStrategy earnings call is viewed as a pivotal bottoming signal, neutralizing a major FUD narrative.
  • Hyperliquid (HYPE) is identified as the market leader, showing massive relative strength by holding support ($44) and maintaining high revenue during the broader market crash.
  • PolyMarket trader "50 Pence" discusses the nuances of prediction markets, highlighting a specific fade on the "Judy Shelton for Fed Chair" narrative.
Trade Ideas
Ticker Direction Speaker Thesis Time
LONG Thread Guy
Crypto influencer, independent
Bitcoin bounced 12% off the lows ($60k range). Michael Saylor appeared on the MicroStrategy earnings call to explicitly address and dismiss "Quantum Computing" threats, stating they have a security plan. MSTR stock rallied ~26-35% off the lows. The market was looking for a "Daddy" figure to calm the panic. Saylor provided the necessary confidence ("Don't worry, kitten"). The "Quantum" narrative was the peak fear event; its dismissal by the largest holder marks a local bottom and a resumption of the "Super Cycle." LONG. The washout is complete; the "Quantum" overhang is removed. If Bitcoin loses the $60k level and spends time in the $50ks, the thesis is invalidated. 4:29
ZEC
WATCH Thread Guy
Crypto influencer, independent
ThreadGuy mentions "Bang bang on Zcash" and notes that Vitalik Buterin has been "bull posting" about Zcash (ZEC). Narrative Rotation. When a major industry figure (Vitalik) endorses a legacy coin during a market reset, it often triggers a rotation of capital into that specific asset ("The Vitalik Pump"). WATCH for momentum continuation. Privacy coins face regulatory headwinds; this may be a fleeting narrative pump. 71:44
AVOID Thread Guy
Crypto influencer, independent
ThreadGuy states the "Lighter/HYPE" chart is terrible. He compares Lighter’s model to Robinhood (Payment for Order Flow/bad execution) versus Hyperliquid’s upfront fee model. He admits he got "destroyed" trying to long Lighter. Competitive Disadvantage. In a market valuing real yield and revenue (HYPE), a competitor with a perceived inferior economic model and weaker price action is a "value trap." Capital is concentrating in the winner (HYPE). AVOID (or rotate into HYPE). Lighter could have a relief bounce, but the structural trend is lower vs. HYPE. 33:30
LONG Thread Guy
Crypto influencer, independent
During the Bitcoin crash to $60k, Hyperliquid (HYPE) held the $44 level and did not break down significantly. Weekly revenue is ~$30M compared to competitors at ~$10M. Relative Strength. When an asset refuses to drop during a market-wide panic, it indicates massive demand. HYPE is "decoupling" from BTC price action based on revenue fundamentals. It is acting as the "leader" of the recovery. LONG. Target implies "easy road" begins above $44. A broader market failure where BTC drags everything down regardless of revenue. 124:08
SHORT 50 Pence
PolyMarket Trader / Guest
50 Pence has a $300,000 position betting "NO" on Judy Shelton becoming the next Fed Chair. He notes she has become a "meme coin" on Twitter, driving irrational retail volume into the "Yes" side. Smart money vs. Retail mania. The professional prediction market trader identifies a disconnect between social media hype (Shelton tweeting about her own odds) and political reality. The high volume on her "Yes" contract provides liquidity to fade the move. SHORT (Bet NO). Unexpected political appointment by the administration. 107:09