{"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":"What Bitcoin Twitter Is Signaling About the Market Bottom w/ Michael Sullivan","slug":"what-bitcoin-twitter-is-signaling-about-the-market-bottom-w-michael-sullivan","published_at":"2026-06-23T12:00:00+00:00","page_url":"https://stenobird.com/podcast/the-bitcoin-layer-7070444/what-bitcoin-twitter-is-signaling-about-the-market-bottom-w-michael-sullivan","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/0ec541e1-f566-4239-8687-09431d3426c3/group-item/4d5a83fe-1357-49fc-891c-1f0c6c6b9cab/128_default_tc.mp3?aid=rss_feed&feed=Y2219Riv","summary":"In this episode, Nik welcomes Michael Sullivan, a bitcoin researcher who analyzes market sentiment through language. Michael explains how he runs natural language models across thousands of tweets, cohorting bitcoiners into newer retail accounts versus longer-term holders, to measure moods like anger, conviction, optimism, and apathy over time. He covers why bitcoin is in one of the most prolonged anger regimes on record, why Michael Saylor has become the main target of that disapproval, and how the current mix of low engagement, fading excitement, and apathy resembles the conditions you tend to see near a market bottom. Nik and Michael also discuss the AI trade pulling mindshare from bitcoin. The Bitcoin Layer and its guests do not provide investment advice.","meta_description":"In this episode, Nik welcomes Michael Sullivan, a bitcoin researcher who analyzes market sentiment through language. Michael explains how he runs natural…","key_points":[],"chapters":[],"topics":[],"duration_seconds":1891,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/the-bitcoin-layer-7070444/episodes/what-bitcoin-twitter-is-signaling-about-the-market-bottom-w-michael-sullivan/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/what-bitcoin-twitter-is-signaling-about-the-market-bottom-w-michael-sullivan.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}