{"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":"The REAL Reason Bitcoin Is Crashing - And What Comes Next","slug":"the-real-reason-bitcoin-is-crashing-and-what-comes-next","published_at":"2026-02-06T21:35:50+00:00","page_url":"https://stenobird.com/podcast/the-bitcoin-layer-7070444/the-real-reason-bitcoin-is-crashing-and-what-comes-next","show_page_url":"https://stenobird.com/podcast/the-bitcoin-layer-7070444","url":"https://youtu.be/AQ3ZnmAD_HQ","audio_url":"https://cdn.simplecast.com/audio/93f29295-b98b-46ce-9822-223c512497e8/episodes/b3e838cd-005d-4474-b395-7e57a8b8a761/audio/48603527-a539-4aa2-8513-d5ebd4404444/default_tc.mp3?aid=rss_feed&feed=Y2219Riv","summary":"In this episode, Nik and Matt Dines break down Bitcoin’s 52% drawdown, focusing on the global liquidity forces pressuring risk assets. They explain how reindustrialization, capital rotation out of software and speculative assets, yen and dollar liquidity stress, and rising volatility across gold, equities, and FX are colliding at once. The conversation reframes Bitcoin’s selloff as a macro-driven liquidity event, not a failure of the asset, and walks through what must stabilize before conditions improve.","meta_description":"In this episode, Nik and Matt Dines break down Bitcoin’s 52% drawdown, focusing on the global liquidity forces pressuring risk assets. They explain how re…","key_points":[],"chapters":[],"topics":[],"duration_seconds":3353,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/the-bitcoin-layer-7070444/episodes/the-real-reason-bitcoin-is-crashing-and-what-comes-next/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/the-real-reason-bitcoin-is-crashing-and-what-comes-next.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}