MAJOR CRYPTO DIP BUYING OPPORTUNITY IS HERE FOR BITCOIN & ALTCOINS!
June 9, 2026
AI Summary
5 min readBitcoin’s daily RSI has gone deeper into oversold territory than it did in February, which was already considered an extreme low. That single data point is the foundation of Tony Edward’s argument on this episode of the Thinking Crypto Podcast: the current selloff has created a historic buying opportunity, and he is personally buying Bitcoin, XRP, Canton Network, and Ondo.
Edward walks through a cluster of technical indicators that all point in the same direction. The daily RSI is “super red” and more oversold than February’s cycle low. The weekly MACD is still controlled by bulls, suggesting the longer-term trend hasn’t broken. The MVRV ratio — a metric that compares market value to realized value — has touched the same levels it hit in February, which marked a local bottom before prices reversed. On Ethereum and XRP, the RSI is similarly extreme. Edward is careful not to call a definitive bottom: he expects a “relief rally” similar to the one that took Bitcoin from $58,000 to $82,000 over three months, and he acknowledges that the four-year market cycle thesis still points to a bottom later this year. But the combination of record oversold readings, exhausted sellers, and extreme fear in the mainstream narrative — he points to Jim Cramer calling for the death of crypto — is the pattern he has seen before and acted on successfully since 2016.
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What you'll learn
- 1 (01:32) **Market Bloodbath & Bitcoin's Oversold RSI** - Tony opens by describing the current market crash with Bitcoin at $63,544 and identifies a historic buying opportunity.
- 2 (02:26) **Personal Dip Buying Strategy** - Tony reveals he is personally buying the dip in Bitcoin, XRP, Canton Network, and Ondo (not financial advice).
- 3 (03:21) **Altcoin Charts Mirror Bitcoin** - Ethereum and XRP charts show identical oversold RSI conditions, suggesting a potential broad market relief rally.
- 4 (04:43) **Crypto as the Canary in the Coal Mine** - Bitcoin's crash preceded the current stock market pullback, acting as a leading indicator.
- 5 (06:13) **Institutional Dip Buying Frenzy** - Major entities are aggressively buying the dip, confirming the opportunity.
- 6 (07:29) **Crypto Adoption & Infrastructure News** - MoneyGram and Kraken launch Bitcoin-to-cash withdrawals in 100+ countries; MoneyGram also launches MGUSD stablecoin.
- 7 (09:36) **MetaMask Launches AI Agent Wallet** - A self-custodial wallet for autonomous AI agents to trade DeFi with built-in security features.
+ Full timestamped outline available in the app
Guests on this episode
Show Notes
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⏰ Time Stamps ⏰
00:00 Intro
00:24 Bitcoin & Altcoin analysis
05:18 Bitcoin & Ethereum dip buying
06:26 MoneyGram Kraken Exchange Bitcoin
08:45 Metamask AI Agent wallet
10:52 Vietnam Crypto pilot
12:44 Travala AI Agents USDC
13:55 Russia Ruble Stablecoin
15:54 Trump USD1 stablecoin HTX
18:00 NY Judge 40K Bitcoin case
19:04 Sam Bankman Fried Trump pardon
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