{"podcast":{"title":"Bitcoin Audible","slug":"bitcoin-audible-1000839","podcast_index_feed_id":1000839,"rss_url":"https://feeds.fountain.fm/jju8hH7aXnP0afzXN7GS","website_url":"https://bitcoinaudible.com/","image_url":"https://feeds.fountain.fm/jju8hH7aXnP0afzXN7GS/files/COVER_ART---DEFAULT---66f9025f-5f2f-4f91-a09f-9def09641622.jpg","author":"Guy Swann","episode_count":1383,"summary":"The Best in Bitcoin made Audible. Guy Swann makes the knowledge of Bitcoin, the world's most secure, independent money, accessible to everyone. Exploring Bitcoin from an investment perspective, economic analysis, its philosophical foundations, & technological primitives. Reading and distilling thousands of hours of others' works on Bitcoin, Guy explains everything you need to know.","last_synced_at":"2026-07-03T10:18:22.798139+00:00","page_url":"https://stenobird.com/podcast/bitcoin-audible-1000839"},"episode":{"title":"10.5 Million Bitcoin Underwater: Is This THE Bottom?","slug":"10-5-million-bitcoin-underwater-is-this-the-bottom","published_at":"2026-06-27T00:44:21+00:00","page_url":"https://stenobird.com/podcast/bitcoin-audible-1000839/10-5-million-bitcoin-underwater-is-this-the-bottom","show_page_url":"https://stenobird.com/podcast/bitcoin-audible-1000839","url":"https://feeds.fountain.fm/jju8hH7aXnP0afzXN7GS/items/kXXyhlrEcJSI3JAm1SoE/files/VIDEO---DEFAULT---bb024460-d30a-4ca3-b162-1fd246a0836d.mp4/ORIGINAL.mp3","audio_url":"https://feeds.fountain.fm/jju8hH7aXnP0afzXN7GS/items/kXXyhlrEcJSI3JAm1SoE/files/VIDEO---DEFAULT---bb024460-d30a-4ca3-b162-1fd246a0836d.mp4/ORIGINAL.mp3","summary":"Over 10.5 million Bitcoin are currently underwater. Everyone is panicking about a grueling bear market, but I see things differently. In today's Take, I explain why this recent drop actually signals deep liquidity and a historically accurate market bottom. The traditional four-year cycle is breaking. And as the national debt keeps doubling and the fiat printing won't stop, let's talk about why staying patient right now means everything. Chapters (00:00:00) - Another big dump & 10.5M BTC underwater (00:01:25) - Capitulation signal that’s called every bear bottom (00:02:22) - From 90% crashes to a muted bear (00:03:10) - Liquidity, ETFs, and Bitcoin as collateral & SoV (00:04:57) - Patience: the rarest Bitcoin skill (00:05:28) - Exponential US debt and the long‑term Bitcoin lens (00:06:15) - How past cycles felt vs how they look on the chart (00:06:42) - From $15K to a $60K+ floor: what that implies (00:07:10) - Self‑custody, ETFs, and why keys matter (00:08:01) - Volatility vs risk in a fast‑growing asset (00:09:21) - Max pain, hopelessness, and where opportunity lives (00:10:08) - Blood in the streets & hunting one more dip Affiliate Links Become sovereign, hold your keys, be censorship resistant with the Bitbox hardware wallet. Get 5% off everything in the store with code GUY (Link: https://bitbox.swiss/guy/ ) Get 10% off the best Bitcoin board game in the world, HODLUP! Or any of the other great games from The Free Market Kids! Use code GUY10 at checkout for 10% off your cart! (Link: https://www.freemarketkids.com/collections/games-1 ) Host Links ⁠Guy on Nostr ⁠(Link: http://tinyurl.com/2xc96ney ) ⁠Guy on X ⁠(Link: https://twitter.com/theguyswann ) Guy on Instagram (Link: https://www.instagram.com/theguyswann ) Guy on TikTok (Link: https://www.tiktok.com/@theguyswann…","meta_description":"Over 10.5 million Bitcoin are currently underwater. Everyone is panicking about a grueling bear market, but I see things differently. In today's Take, I e…","key_points":[],"chapters":[],"topics":[],"duration_seconds":663,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/bitcoin-audible-1000839/episodes/10-5-million-bitcoin-underwater-is-this-the-bottom/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/bitcoin-audible-1000839/10-5-million-bitcoin-underwater-is-this-the-bottom.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}