# June 4: BITCOIN HITS EXTREME FEAR AS THE CRYPTO WINTER DEEPENS

Page: https://stenobird.com/podcast/daily-crypto-news-6024634/june-4-bitcoin-hits-extreme-fear-as-the-crypto-winter-deepens
Text version: https://stenobird.com/podcast/daily-crypto-news-6024634/june-4-bitcoin-hits-extreme-fear-as-the-crypto-winter-deepens.md
Podcast: [Daily Crypto News](https://stenobird.com/podcast/daily-crypto-news-6024634)
Published: 2026-06-04T12:41:25+00:00
Episode link: https://shows.acast.com/today-in-web-3/episodes/6a217275be8560e74b1909d1
Audio file: https://sphinx.acast.com/p/open/s/63e26a946b77a10011ea5094/e/6a217275be8560e74b1909d1/media.mp3
Processing state: not_requested
JSON: https://stenobird.com/v1/public/podcasts/daily-crypto-news-6024634/episodes/june-4-bitcoin-hits-extreme-fear-as-the-crypto-winter-deepens
Duration seconds: 497

## Resource

Matt opened the show with a simple message: if you're a long-term holder, this is probably the time to close CoinMarketCap, shut down the computer, and go enjoy your life. Bitcoin briefly touched roughly $61,500 after trading near $85,000 just two weeks earlier, while Ethereum fell below $1,800. The market was hit with approximately $1.76 billion in liquidations over a 24-hour period, and ETF outflows have now stretched to thirteen consecutive sessions, totaling roughly $4.4 billion since mid-May.  Matt described the recent price action as a classic "dead cat bounce," where a market crashes so hard that it temporarily rebounds before settling lower. While some analysts, including Standard Chartered, have suggested the bottom may be close, Matt remains skeptical. His view is that a 50% drawdown from all-time highs does not automatically mean the pain is over. Historically, Bitcoin has experienced even deeper corrections, and he cautioned that another significant leg lower remains possible.  A major point of discussion was Strategy (formerly MicroStrategy) and the growing speculation surrounding its massive Bitcoin holdings. Prediction markets are increasingly focused on questions surrounding Strategy's future purchases, index inclusion, and financial stability. While Matt does not believe the company is facing an imminent crisis, he noted that any meaningful Bitcoin sales by Strategy would inject significant liquidity into an already fragile market and could intensify downward pressure on price.  Matt also reflected on the emotional reality of crypto bear markets. No matter how committed someone is to Bitcoin, prolonged drawdowns eventually test everyone's conviction. Even the most bullish investors experience moments of doubt. His advice remains the same…

## Actions

- request_transcript: `POST https://stenobird.com/v1/public/podcasts/daily-crypto-news-6024634/episodes/june-4-bitcoin-hits-extreme-fear-as-the-crypto-winter-deepens/transcription-requests` — Idempotently request low-priority transcript generation for this episode.
- read_markdown: `GET https://stenobird.com/podcast/daily-crypto-news-6024634/june-4-bitcoin-hits-extreme-fear-as-the-crypto-winter-deepens.md` — Read the agent-friendly Markdown representation of this episode resource.

A page view does not enqueue transcription. Agents should invoke `request_transcript` explicitly when they need this episode processed.

## Transcript

Full transcripts are not published on public pages unless there is a clear rights basis.