{"podcast":{"title":"The Bitcoin Layer","slug":"the-bitcoin-layer-7070444","podcast_index_feed_id":7070444,"rss_url":"https://feeds.simplecast.com/Y2219Riv","website_url":"https://mysoundwise.com/soundcasts/1665708396190s","image_url":"https://image.simplecastcdn.com/images/31efc846-0793-410a-9634-9cbb9ab441fd/a42dcdab-5758-48ca-b40a-791279675300/3000x3000/b_black_500x500.jpg?aid=rss_feed","author":"The Bitcoin Layer","episode_count":285,"summary":"The Bitcoin Layer is a premium markets research provider, covering bitcoin through a global macro lens | Research, Analysis, & Education Featuring Nik Bhatia, author of the #1 Amazon bestseller Layered Money and USC Marshall School of Business professor. Subscribe to our research publication and YouTube channel to learn about global macroeconomics, bitcoin, Lightning Network, the monetary and financial system, the Federal Reserve, interest rates, and geopolitics. Most importantly, develop a framework for understanding global markets—connect the dots between economic and financial concepts to see the bigger picture. Look no further for your bitcoin and macro education!","last_synced_at":"2026-07-31T20:19:22.621040+00:00","page_url":"https://stenobird.com/podcast/the-bitcoin-layer-7070444"},"episode":{"title":"Michael Saylor Sold the Bitcoin Bottom","slug":"michael-saylor-sold-the-bitcoin-bottom","published_at":"2026-07-10T12:00:00+00:00","page_url":"https://stenobird.com/podcast/the-bitcoin-layer-7070444/michael-saylor-sold-the-bitcoin-bottom","show_page_url":"https://stenobird.com/podcast/the-bitcoin-layer-7070444","url":"https://mysoundwise.com/soundcasts/1665708396190s","audio_url":"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","summary":"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.","meta_description":"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 thro…","key_points":[],"chapters":[],"topics":[],"duration_seconds":2392,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/the-bitcoin-layer-7070444/episodes/michael-saylor-sold-the-bitcoin-bottom/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/the-bitcoin-layer-7070444/michael-saylor-sold-the-bitcoin-bottom.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}