# Bitcoin is Undervalued, But the Bottom Isn't In Yet | Rational Root

Page: https://stenobird.com/podcast/what-bitcoin-did-255500/bitcoin-is-undervalued-but-the-bottom-isn-t-in-yet-rational-root
Text version: https://stenobird.com/podcast/what-bitcoin-did-255500/bitcoin-is-undervalued-but-the-bottom-isn-t-in-yet-rational-root.md
Podcast: [What Bitcoin Did](https://stenobird.com/podcast/what-bitcoin-did-255500)
Published: 2026-03-15T12:00:25+00:00
Episode link: https://feeds.fountain.fm/UZSKQcrOnhqYS1JopxGg/items/eTuSsJDdUzOZZX64jQyl/files/AUDIO---DEFAULT---f086ce02-98eb-4826-b969-efad53b2b2b8.mp3
Audio file: https://feeds.fountain.fm/UZSKQcrOnhqYS1JopxGg/items/eTuSsJDdUzOZZX64jQyl/files/AUDIO---DEFAULT---f086ce02-98eb-4826-b969-efad53b2b2b8.mp3
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JSON: https://stenobird.com/v1/public/podcasts/what-bitcoin-did-255500/episodes/bitcoin-is-undervalued-but-the-bottom-isn-t-in-yet-rational-root
Duration seconds: 4265

## Resource

Is Bitcoin's four-year cycle still intact, and what does that mean for the next six months? In this episode, I sit down with The Rational Root to break down where we are in Bitcoin's cycle, why on-chain data is flashing bear market signals despite Bitcoin holding up through the Iran war, and what the bottom formation could look like from here. We discuss the shift from retail hype to institutional adoption, why OTC buying from ETFs and treasury companies dampened this cycle's price action, how gold and AI stole Bitcoin's mindshare, and whether passive flows from the likes of Saylor could prevent another leg down. Root walks through his key on-chain charts and explains why he thinks there's still a probability of one more drop before Bitcoin starts its next move up. THANKS TO OUR SPONSORS: ANCHORWATCH BLOCKWARE LEDN BITKEY SWAN CLUB ORANGE FOLLOW: Danny Knowles: https://x.com/_DannyKnowles or https://primal.net/danny The Rational Root: https://x.com/therationalroot

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## Transcript

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