# Bitcoin Bottom or Bull Trap? Fear Hits 8 #CryptoTownHall

Page: https://stenobird.com/podcast/the-wolf-of-all-streets-1215618/bitcoin-bottom-or-bull-trap-fear-hits-8-cryptotownhall
Text version: https://stenobird.com/podcast/the-wolf-of-all-streets-1215618/bitcoin-bottom-or-bull-trap-fear-hits-8-cryptotownhall.md
Podcast: [The Wolf Of All Streets](https://stenobird.com/podcast/the-wolf-of-all-streets-1215618)
Published: 2026-06-08T15:51:00+00:00
Episode link: https://pdst.fm/e/pdst.fm/e/traffic.megaphone.fm/MANA7297829462.mp3
Audio file: https://pdst.fm/e/pdst.fm/e/traffic.megaphone.fm/MANA7297829462.mp3
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JSON: https://stenobird.com/v1/public/podcasts/the-wolf-of-all-streets-1215618/episodes/bitcoin-bottom-or-bull-trap-fear-hits-8-cryptotownhall
Duration seconds: 3368

## Resource

Bitcoin bounces off its 200-week moving average amid a quick pump to $63.7K on Trump Iran comments before pulling back. The crew discusses whether this is a bull trap, double bottom test, or the start of a hated summer rally, while covering MicroStrategy’s latest BTC buy, SpaceX IPO liquidity drain, and AI sucking capital from crypto. Other highlights include the Clarity Act push by Sen. Lummis, new crypto tax discussion drafts, Zcash’s Ironwood upgrade after a major bug discovery, altcoin weakness, leverage dynamics, and long-term Bitcoin adoption challenges around taxes, self-sovereignty, and bank balance sheet rules. A wide-ranging market sentiment check with bullish long-term conviction. Learn more about your ad choices. Visit megaphone.fm/adchoices

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## Transcript

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