# Michael Saylor Sold the Bitcoin Bottom

Page: https://stenobird.com/podcast/the-bitcoin-layer-7070444/michael-saylor-sold-the-bitcoin-bottom
Text version: https://stenobird.com/podcast/the-bitcoin-layer-7070444/michael-saylor-sold-the-bitcoin-bottom.md
Podcast: [The Bitcoin Layer](https://stenobird.com/podcast/the-bitcoin-layer-7070444)
Published: 2026-07-10T12:00:00+00:00
Episode link: https://mysoundwise.com/soundcasts/1665708396190s
Audio file: https://cdn.simplecast.com/media/audio/transcoded/8ed6a33d-2ac9-4ae6-bdbb-334a1cbb3f52/93f29295-b98b-46ce-9822-223c512497e8/episodes/audio/group/bc7444d3-be7a-4bb5-9278-5779385d2227/group-item/c5b47ce9-ee8e-4c15-bb44-a1e80dcdc1e4/128_default_tc.mp3?aid=rss_feed&feed=Y2219Riv
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JSON: https://stenobird.com/v1/public/podcasts/the-bitcoin-layer-7070444/episodes/michael-saylor-sold-the-bitcoin-bottom
Duration seconds: 2392

## Resource

In this episode, Nik welcomes CoinDesk analyst James Van Straten to discuss why he believes bitcoin's bear market may be nearing its end. James walks through ETF flows that have held firm despite months of outflows, the rotation of capital out of AI and semiconductor names like NVIDIA, and where that money could head next. The conversation turns to Michael Saylor's decision to sell bitcoin near the lows, the role hedge funds played in pressuring Strategy through STRC, and on-chain data showing roughly 330,000 bitcoin accumulated between the high fifties and low sixties since February. James and Nik also examine this cycle's unusually shallow 54% drawdown and the case for a bottom ahead of October. The Bitcoin Layer and its guests do not provide investment advice.

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## Transcript

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