Ivan on Tech analyzes Bitcoin's bull trend, Hunter Biden's memecoin launch, and US Treasury bond buybacks
Ivan on Tech solo livestream covering Bitcoin's weekly bull trend confirmation, the upcoming Hunter Biden "Laptop" memecoin launch on Base, and US Treasury debt buyback activity.
Summary
Bitcoin has flipped to a bull trend on the weekly timeframe, according to this solo livestream, which also covers the Hunter Biden "Laptop" memecoin launch and US Treasury bond buyback activity and reassures viewers that short-term sideways or red price action is normal and expected. The main news event of the day is Hunter Biden's announced launch of a memecoin called "Laptop" on the Base blockchain, scheduled for the following day. Ivan argues the launch is poorly timed, likely to be heavily sniped by insiders, and draws comparisons to the Libra (Milei) coin launch which he says castrated the broader altcoin market. He also covers a US Treasury debt buyback program expanding to up to $16.5 billion that week, which he frames as a form of quantitative easing restarting, and briefly reviews several altcoins including BNB, Aerodrome, Zcash, and PUMP.
Key Takeaways
FULL TRANSCRIPT
Bitcoin's Bull Trend and Short-Term Sideways Action
Ivan on Tech: Oh yes. Oh yes. Oh yes. Oh yes. Guys, welcome to another episode. As you can see right now, Bitcoin is still at around $78,000–$79,000. We are officially in a bull trend for Bitcoin, which means that with highest likelihood we do have a multi-year fantastic bull market in front of us.
But as you know, we flipped bullish and now a day has passed. And the plebe is asking, "Ivan, why are we red? Why are we not flying and flying and flying and flying?" Twenty-four hours have passed, the week has just opened, and the plebe is asking, "Ivan, when? When? When?"
Well, we're here to answer that question. Because when you have a new bull trend — just like we had back in 2023 — you may have a bit of sideways. It even went below. You see here, it even dipped below. It flipped bull at $22,000, dipped all the way to $19,000 before continuing the fantastic, fantastic ascent. And as you know, with the bull trend it is based on probability. Everything is probability. With highest likelihood we are going to go up high, high, high. Worst case, we have the bear flip again at $60K, but it's highly unlikely. With highest likelihood we're flying very, very high.
But we're on the weekly timeframe. The weekly timeframe means that our emotions may expect things to happen on the millisecond, but it takes like ten days, it takes a week, it takes five days, it takes two weeks. Two weeks is just two candles here. So all in all, everything is according to plan. The plebe is worried because the plebe is very emotional and doesn't understand that it's all according to plan. We have the downside protected and we have unlimited upside — that's exactly how we like it.
Zcash, Stock Market Overview, and New Bull Trends
Now something very interesting — Zcash went to a multi-decade high. Let's see how many decades it's been. A decade at least, depending on which chart. On Binance it's not full history, but you have Zcash going to $1,200. Very, very good.
Yesterday we did have Labor Day, so stocks did not do anything. If we look at the stock market, NASDAQ seems to be opening quite flat. Looking at S&P futures, S&P futures are a bit lower than the Friday close. If we look at the IGV software index, a bit lower. So yet again you have the classic combination — there's again some Hormuz situation, US-Iran tanker strikes, something happening with unemployment, this and that. But as you can see, this never leads to big moves. It's always a bit of volatility to the upside, a bit of volatility to the downside. All in all, stocks are still in bull trend overall — very, very bullish. Bitcoin just turned bullish.
So if you have to choose where to put your money, you want to be in new trends. We keep repeating it — new bull trends. You want to be in new trends. And Bitcoin now is a new trend. Stocks are not a new trend.
And by the way, if you look at some stocks — for example, Salesforce — I remember calling this one out in the Bullmania Discord when it flipped bullish after a massive, massive downward trend. It flipped bullish and again it was a bit volatile. It went down a bit, up a bit. All in all, we're up 36%, and for stocks that's a lot. For your shitcoin, maybe you think it's not a lot, but for a stock it's very, very much.
And here is where it was very important to be in a new bull trend. This was basically at the beginning of August. I remember clearly — at that time in Bullmania, many people had been saying, "Oh, Ivan, why is it so flat? The market is so flat. We want action. We want things to move. We want things to go up and down. We want some volatility so we can trade." And we said, "Listen, you feel like that only because you're only in crypto." Because at that point, at the beginning of August, crypto was very boring. And we said, look at other asset classes. There are new bull trends — for example, in Salesforce — and we mentioned like ten other ones that all did fantastically well.
Now it's vice versa. Now stocks are a bit sideways. Still bullish, but the action now is in crypto.
Altcoin Check: Solana, ETH, BNB
Looking at Solana — bull trend, also a bit down during this Monday. We're just a day into this week, down Monday. Looking at ETH — the same thing. Looking at BNB — BNB a bit stronger. The week is basically flat. Closed the bull flip here at $700, now $750.
You remember we said keep an eye on BNB because here it was flat. We said keep an eye on BNB because BNB is going to likely do very well in the bull market. It's BNB, man. BNB always does well. And now, bam — we did close fantastically well on Sunday and now a bit sideways. So BNB is showing strength, and with BNB it's very possible that we have a nice pump. First to this resistance here is just another 5%. But then back to the high from 2025 is about 80%, and then it's price discovery above and above.
People also ask, "Ivan, will BNB still pump if Binance is not in Europe? Binance does not have MiCA. Binance is not fully regulated." I think for Binance, maybe it's even better, because then they're more free. If you're too regulated, what are you going to pump? But now if they don't have MiCA, maybe they recoup this loss by going heavier on the coin. Let's see. I don't think MiCA is that important overall for the performance of the coin because it's a bit different mechanics there. Very, very different mechanics. But let's see — if it doesn't keep up with the rest, we will reconsider. For now, we're very positive towards Binance.
Looking at other ones — we checked Hyperliquid, all-time high, a bit down. Most coins right now are a bit sideways. Not every day is super volatile. Totally fine. We want volatility, we want the action every day, but sometimes it's a bit sideways.
Aerodrome on Base and the Hunter Biden Laptop Coin
There are a few exceptions. You have, for example, Aerodrome. If we check Aerodrome, it's up. Why? Because there are rumors, guys. There are rumors that Hunter Biden is going to do a coin on Base. And Hunter Biden is going to restart Base as the go-to trading venue for on-chain. Hunter Biden is going to do a coin called "Laptop." And Aerodrome, which is the biggest DEX on Base — the native DEX — is pumping now.
If they close the week here, it is going to be a new bull trend. So keep an eye here because it's a new bull trend since Q4 — very big for Aerodrome. And not only a new bull trend, but also taking out this high very nicely, now above it and closing. So the trend now is bullish. They go from a series of lower highs and lower lows to now a series of higher highs and higher lows. All in all, very, very nice.
I don't know with Hunter. I had a dream about Hunter. Maybe he is Bitcoin. Maybe he's not going to max extract. Because you remember in one of the interviews, Hunter said that Trump exit-scammed with his memecoin, that Trump and his family are corrupt, et cetera, et cetera. And now what did he do? He's going to do his own coin. He's going to do it tomorrow. He hasn't done it yet. He said he's going to do it tomorrow and he's going to do it on Base. Which is another weird thing — he's going to do it on Base. Is Coinbase collaborating with him? Is this like the Coinbase comeback after Robin Hood took their lunch?
Let's listen to this. This is from his own Twitter, by the way. This is what Hunter Biden put on his own Twitter.
Hunter Biden (audio clip): "Biden's laptop. The laptop. Biden's laptop. The real laptop. The Hunter Biden laptop. Data from a laptop reported to belong to Biden. New York Post story about Hunter Biden's laptop. The Hunter Biden laptop. At its center is a laptop. I want to know where Hunter Biden's laptop is. This laptop. I tell you what, this is called the laptop from hell."
Okay. Okay. Anyway, so this is going to be on Base. Many people are going to get very wrecked. Very, very wrecked.
Coffeezilla is also saying: "After months of calling out Trump corruption, Hunter Biden is launching his own shitcoin, Laptop. Come on, man." I mean, are we this far in the bull market, guys? We're just bullish. Hunter, come back in two years, please. Are we that far?
Brian Armstrong be like, "Damn, Vlad is hitting us pretty hard. Let's unleash the secret weapon — the Hunter Biden laptop coin." Exactly. Vlad and Robin Hood taking all our business. Let's do a Hunter Biden Base laptop coin. Yeah, the laptop that ended a career is now a token launching in hours.
I think this one is going to be more like Milei, guys. Let's see. Never say never. Maybe it pumps like hell. But it seems fully out of tune. At the peak of the market, at the peak of the mania, maybe it would be in tune — you can max extract. Now you're going to max extract? Man, the plebe has no money. What are you going to max? The plebe is skeptical. The plebe is very skeptical. There's no money. The plebe is skeptical. We just got wrecked with Trump and Melania and everything.
So Hunter Biden posted on X that the Laptop project is coming on September 9th. But guys, listen — if it comes, likely Aerodrome is going to be the main venue. So you have now a big fat pump for Aerodrome going into bull trend. Let's see what's going to happen.
Liquid Network Hack Resolution and Inside Job Discussion
Top stories. Number one — Liquid Network. The situation is fixed. They had the theft and now the money is returned. Hackers kept 600 Bitcoin as bounty. Fantastic. You take 4,000 Bitcoin, you return 3,400 back, and keep 600 as bounty.
By the way, guys, if you are a lawyer, I'm very interested in how this works. Let's say you are a hacker — this bounty, is it fully legal? Because they themselves decided how much they keep and how much they return. I'm genuinely curious. Like, you're a hacker, you hack, and then you return but you keep a portion. Is it normal to do? Is it fully legal? Can you declare it on your taxes? If you do KYC with the bank, can you just say, "Yeah, I hacked it, I kept 15%"? Is it proof of funds secured or what? So if you are a lawyer, let us know.
They took 4,000, they returned 3,400. Some people are saying inside job. Possible, possible. I mean, follow the money. Look at the incentives. I would never be surprised that it's an inside job. You always have to follow the incentive.
Just in life — it's been my motto. I heard it from somewhere when I was quite young, maybe fifteen or sixteen. That to live a happy life, don't have too high expectations and just manage risk with everything. Let's say you have a friend. You think he's the best friend. Would you give a lot of your business to your friend? Maybe he wants to help you. Ah, maybe not. Money is money. Human nature is human nature. You just have to follow it.
Bit Boy, for example, lost his YouTube channel in a business deal. Why? Because he let outsiders into his business for no reason. He was the face of the YouTube. So yeah, never get surprised. I'm never surprised if something bad happens. It was very clear from the start that it could have happened. If bad things don't happen, okay, good. It's like par. The happiness is the difference between expectation and reality. So if you manage risk — not only in your portfolio like we teach in Bullmania, but overall — yeah, you're going to be super happy.
Could it be an inside job? I think it could be, absolutely. Do I know it? I don't know. Do I have any proof? I don't have any proof. I'm not claiming it. But follow the money.
Anom's Analysis of the Laptop Coin Launch and Sniping Risk
Anom (quoted): "I've been thinking about this basically. There are two things. The first thing is that everybody needs to know when this coin is launching and everybody needs to have equal access to bidding it. So if there are insiders that know it's going to launch at a certain time and other people don't know, obviously those people are going to be sniping it, bundling it, and doing X, Y, and Z, and the price action is going to look terrible because they're going to be selling it to that first burst of attention from everybody else."
Ivan on Tech: So because Hunter Biden announced his launch beforehand, you now have hundreds of companies and market makers trying to understand which contract address is the Laptop coin. And there are people that are very good at this — extremely good at this — because at the end of the day, this industry is run by a few coin creators. A few guys that do the Trump coin, that do the Milei coin. And before they launch, they need to test. They test their tech, they test that the launch is good, distribution is good, et cetera. And so the outsiders that are smart can see, "Okay, they're now testing something on Base, because we do have a clue it's going to be on Base."
So what Anom is saying here is that because this launch is kind of known, it means that it's going to be sniped like hell. Even if you don't know for sure that the Laptop coin is the actual coin, it's still worth buying it just in case — not for you. As a market maker, as a sniper, not for you. For you, it doesn't make sense to buy. But if I'm a sniper, I want to snipe the Hunter coin. Even if I'm not fully sure it is the real coin, I'm still going to put a bit of money in just in case it is. Maybe I have twenty candidate contract addresses which may be the real one — I'm going to be in all of them.
So basically, to compete against that for the average player who just wants to buy the Laptop coin and get rich — oh my god, the cards are stacked against you heavily, heavily, heavily. The cards are stacked so much against you.
Anom (quoted): "I hope Base has thought this through. It seems like they're partnering with them directly. I don't know what exactly their plan is for how they're going to launch or what starting market cap it's going to be at. I saw somewhere it said Wednesday at 8:00 p.m. Eastern. I hope that's accurate, but I hope they have mechanisms in place for preventing snipers from messing up whatever the launch is. And then the second thing is — what is he actually going to do to keep attention on this thing after the first week? I have no idea what that's going to look like or what he plans on doing there."
Ivan on Tech: Nothing, man. Look at the guy. The dude is like fifty-five years old. You think he's going to do something? You think he's going to be a committed promoter? Come on. People trust a messiah who's hiding, who's running from the police, and they think he's going to do something. You really think Hunter Biden is going to work his ass off to make your ass rich? Listen, it's PvP. He's going to launch it. Snipers are going to snipe it. Maybe you can ride the pump until it deflates. But no — someone is going to believe. I think those are the two main things on how it could possibly look different.
Anom (quoted): "I just think the trend of tokenization of everything is not going to slow down. It's just how do these people who have a ton of influence do it in a way that they're not rugging everybody."
Ivan on Tech: Jesse from Base actually answered. One correction — they reached out to the Base team and made a conscious decision to not be hands-on with design or amplification. "Politics are complicated and it didn't feel like it was our place to steer the outcome. Base is permissionless."
But see, here's the problem with Base. Now people think that Hunter Biden is on Base even though they did not do anything. In my mind, Hunter Biden and Base are best friends. That's how it is in the public perception. It's a big problem. Now they have to say, "Guys, we were not involved." But what happens if there's more heat? Now Base and Hunter Biden are super connected in people's minds. Obviously for the shareholder, the shareholder may be worried a bit. As long as they don't try to take any action, no problem. But there's a bit of risk here with the shareholder being a bit uneasy.
Robin Hood Chain, PUMP Token, and Tokenized Meme Stocks
Let's check what's happening with PUMP. Is it a pullback? Because the volume is dying down a bit on Robin Hood. On the daily, we have a daily trend — still bullish. If it goes bear, then you enter on the new bull. So if this continues, this can easily continue the dump here because it just started in the last three days and volume on Robin Hood has been going down a bit.
Now people are speaking about Hunter Biden. I don't think Hunter Biden will steal the glory from Robin Hood entirely. But there is a bit of different talk now — we change opinion very fast in crypto. So PUMP is likely to keep mooning, but don't get surprised if it gets down a bit more here into a bear trend. The trade execution if you're outside of PUMP is that it goes bear, next time it goes bull again — then you're in.
Let's actually see Robin Hood chain, what's happening with the volumes. TVL up and up and up. DEX volume — okay, to be fair, not too much. But it's coming back. Uniswap is the number one by far — basically the official one.
And this is humor, guys. On Robin Hood they take stocks — for example, they took AMC stock, which is the theaters, and then they did an AMC memecoin. AMC stands for "A Memecoin." AMC is paired with AMC stock on Robin Hood chain. But now they did MicroStrategy and they call it Ponzi, paired with MicroStrategy. That's a good one.
Go back and re-watch the stream from yesterday about the Robin Hood thesis, because we're overall very bullish on the Robin Hood thesis. It's basically a way for the plebe to unite on-chain against the hedge funds and go and liquidate hedge funds by pumping meme coins on chain. I have a full fifteen-minute section on it in yesterday's live stream where we go through the different coins. I don't want to repeat all of it.
All in all, this thing with memes paired with tokenized stocks — it's a very nice narrative. You unite the energy from GameStop. You remember GameStop was also on Robin Hood — not on the Robin Hood chain, but the GameStop short squeeze. The same thing is now but with the memes, and memes are pumping the stock because they create the demand for the stock.
Robin Hood now makes more money from prediction markets than from stock trading. We're entering a financial markets gold rush — prediction markets, crypto, token stocks. People will be able to trade anything from anywhere at any time. Markets are going to be reprogrammed in real time.
Anom Token Chart and Prediction Markets
In terms of prediction markets, Anom has dumped a lot. Let's see. Anom here is one example where with memes it's tough, man. You can have the best coin, the best meme, but the market just moves so fast that no one cares. Let's see — it dropped from the highs here at basically $0.40 now to $0.20.
On the hourly, if you are bullish Anom — on the hourly when it goes into bull trend on the hourly, because the daily doesn't have good trends yet on a new coin. In a new coin you often have to go a bit deeper into lower timeframes. Here it's down 40% since the last flip and this was bearish. Currently there's a signal at $0.24 that it doesn't want to dump anymore. But yeah, let's see.
Milei Libra Coin Comparison and Market Impact
My hope, guys, my hope is that people just don't get wrecked. That's the only thing. Because if too many people get wrecked, it's a bit bad — we need them to be bidding our shitcoins, not Laptop. Hunter Biden potentially is going to be stealing buy pressure from you. Let's say you have ADA and you're down a lot. The buy pressure that could have gone into ADA — Hunter Biden is potentially going to be stealing from you. So it's a bit of a problem. If you have ADA, you are in direct competition now with Hunter, because instead of buying your Fugazi ghost chain, they're going to be buying his Fugazi.
The same thing with DOT — not even in a bull trend. Now the buy pressure is going to be competing. You're competing with Hunter Biden for the buy pressure. So my hope is just that it doesn't become like a Milei thing.
When was the Milei coin? It was Libra. Yeah. When was it? It was February 2025. And you remember clearly that something changed afterwards — after the Milei coin, something shifted. The market became calmer. Yes, we did kind of have a bit of a bull until October, but the bull was castrated. Yes, it was still alive there somewhere. But after Libra, after Milei, the whole market became castrated. Castrated does not mean it died — it survived a bit — but there was heavy castration going on in real time because so much money was lost. And it didn't even go to Milei. It went to all of the snipers, the team that helped him launch the coin. They sniped the hell out of it. Bought first, insiders, et cetera, dumped on the first demand.
When a thing launches — whether it's Trump coin or Laptop or Libra — people want to be early, so they buy as early as possible. But if you're a sniper, you bought in the very first block. You sniped as soon as the pool is created. And yeah, you dump on that first demand. That's a big, big problem.
What's wrong with snipers? Insider trading is what's wrong with snipers. In most cases, they know the contract address or they deduce the contract address and they buy at zero — basically they get free coins. And also, with a sniper buying in the first block, as soon as the pool is created, they obviously create a bit of a pump. The chart looks like it goes up, the plebe comes rushing in — "Please make me rich, please make me rich, Laptop, Laptop, Laptop" — and the sniper in the same candle or the subsequent few candles is dumping on them.
There is a big debate — is it legal, is it illegal? If you are able to deduce a contract address and you're just lucky, you're so good at deducing the contract address by looking at what I mean — now if you look at the Base chain and if you are a bit of a geek, maybe you can find the Laptop coin. Maybe it's already created. You need to look at which coins got launched, is there something on testnet, they test the launch on testnet and now go mainnet, is there a deployer address which is maybe reused? I mean, probably not, but I'm just giving you ideas. Maybe there is some pattern in how Libra was launched, Trump was launched, now Hunter — because again, Hunter Biden is not doing it himself. He's getting help from the same guys that likely launched all the other celebrity coins, because there is a specialized group that does that. And when they launch, you can probably see traces of it which can help you deduce the address.
Is it legal? I think as long as you just deduce it yourself, it should not be illegal. If you have inside information, then it is illegal. Inside information, even in crypto, is inside information. You had people go to jail for it for small amounts. For example, at OpenSea there was an OpenSea employee that went to jail because he bought NFTs that later got featured on the OpenSea first page. So there's no need for special regulation — it's just standard fraud regulation, which insider trading falls under.
Q&A: Avalanche, PUMP Chart, Multiverse X, VeChain, Kaspa
Let's go to Q&A. How is Avalanche looking? Very bad. Very bad. Let's see — Avalanche. For now, we're bearish because it's a bear chart. There's nothing more to say.
Can you check the PUMP chart? PUMP USD — bull trend on the weekly for you to buy. On the daily, buy when the daily goes bull trend. Currently it's $0.0054. This can still go lower. If it goes lower, the bull flip is also going to go lower. But here's how you play the bullish chart — ideally you should have bought when it went bullish on the weekly. But now if you want an entry, it's better to get in when it's a new daily bull trend.
Now we're in a big fat weekly bull trend. But if you zoom in on the daily, you see that now we have a temporary bear chart, which is likely going to end at some point. When it ends, that's a good entry.
Let me show you some charts you want to see. Multiverse X — Elrond. Now, man, Multiverse X — why did they rename to Multiverse X? It's such a bad name. They had such a nice name before, Elrond. But anyway, it's a new bull trend and as you can see, not too much resistance on the way up. I like that — not too much resistance on the way up.
And also, some of you guys mentioned VeChain the other day. Thanks for bringing it to our attention. Also very similar — this is the kind of chart you want when it's bull trend and not too much resistance.
Is Kaspa in a bull trend? It got rejected. Not yet.
Cash Cat — let's see. On the weekly it's too new, on the daily it's too new. On the hourly, currently bear trend. So if you want a new entry, it's when the hourly goes bullish. On the hourly you still have nice moves here — it went 171% on the hourly from August 20th to September 4th, in two weeks, based on the new hourly trend. Fantastic.
US Treasury Bond Buybacks and QE Restart
Don't the Treasury buybacks ramp up tomorrow? Good question. Let me check. But you see, it's more about the narrative. It's not really about them actually buying, because the propagation between Treasury deploying capital and it getting into the market is very long. But the narrative could be very good.
Is Treasury buying bonds this week? Let's see. Yes — the US Treasury is actually buying back its own bonds this week as part of the expanded debt buyback program. Separately, the Fed is making routine Treasury bill purchases. Wednesday cash management buyback — up to $12.5 billion. Thursday, liquidity support buyback on the longer end, buying the long-term bonds, between two and four billion. This is the first implementation at the new larger size.
Combined potential for the week — both the short-term buying and long-term buying — is $16.5 billion. The stated purpose is improving liquidity, because no one is buying the bonds. That's a big problem. No one is buying the bond.
The new rules take effect on September 9th — that's when the higher cap is going to be used. Basically, they're going to be deploying four billion, not two billion. Treasury Secretary Scott Bessent has kept the Treasury General Account elevated. Sources say that it can be tapped to fund buybacks.
Guys, they're going to be pumping the bonds. QE is restarting. They have to do it. There's no way out. The debt is not decreasing — it is increasing. Scott Bessent is saying that it's not an issue that the debt is increasing, that we're going to grow our way out of it. And they're going to pump the market.
Peanut the Squirrel, Meme Coin Longevity, and Closing Thoughts
Do you think Peanut the Squirrel will come back to life? This is why, guys — if you are not a Gen Z, if you're not really into memes, stay away from memes. A meme is dead for like a year and then some poor holder is asking me, "Ivan, what do you think about Peanut?" It's a bear trend. I think it's going to be tough. Maybe I'll be surprised and it goes into bull trend, but no one cares about this story currently. Memecoin trading is attention trading. Why would someone buy this when there is now new news, new interesting things to trade?
It's like Mudeng — these things with some news that happened two years ago, there was a bit of a meme, you've got to move on fast. It's not a long-term hold. This is a big, big mistake people make when they enter memes. That's why in Bullmania we educate a lot on where it's worth being in and where it doesn't worth being in. Especially if you have a job and you're not full-time sitting in front of a computer trading memes, the cards are stacked against you.
Zcash — someone said: "Zcash is simultaneously the most important unfinished project in crypto in the eyes of many OGs at least. The last opportunity within infinite time, non-sovereign store of value, the most compelling price action setup, breakout after." Yeah, that's true. That's true.
Also this is true — chains will matter less for most people. It will be about the best products built on top to serve the end users. We're kind of seeing it now. Memes are everywhere. You don't care whether a meme is on Robin Hood or it's on Solana — it's the same UI for everything. Launchpads are already in the process of being commoditized, and the ones with the deepest network effects or a niche they dominate. On-chain frontends are starting to erode venue-specific stickiness. You have an app, it can trade anywhere. There's no reason to be only on Uniswap or only on one chain. I fully agree with this.
Guys, thank you very much for being here. Big shout out to Guzman for timestamping. We're now getting close to one hour. Check out the newsletter below in the link. Today is likely going to be a bit crazier — yesterday it was just a calm day. I woke up today and there's like nothing new. There's Laptop. Okay, what should I — you know, Laptop. We have the Laptop coin. That was the highlight of today.
I think it's going to be spicy because at the end of the day, the summer is ending, meaning that everyone is coming back. Also, yesterday was slow because of Labor Day. Normie was grilling sausage, not paying attention. Now no more Labor Day. Back to Labor, everyone. Back to Labor, guys.