Hosts Imran Lakha (Options Insight) and David Brickell (FRNT) are joined by guest James Van Straten (CoinDesk) this week as Bitcoin bounces off the low-$80Ks after a brutal 35% correction. James explains why the pain felt worse than previous dips this cycle: short-term holders fully underwater, OG whales finally distributing, treasury-company euphoria popped, and the Oct-10 liquidation cascade wiped out leveraged buyers fast. ETFs, however, kept buying the dip — AUM only down ~5% from peak despite the price carnage. James remains convinced that MicroStrategy is NOT about to blow up (converts don’t put until 2027–28), but the treasury-company leverage party is over for now — shift is toward lending BTC for yield or issuing preferreds. The key takeaway is that 80k or below is a great accumulation level and the cycle top is not expected until 2026 as the mid-terms in the US will likely keep the money printers spinning. Stay patient, keep some dry powder/hedges, the big liquidity wave is coming.
Deribit FZE does not accept UAE retail clients or US clients, and clients from other restricted countries.
