Why Is Bitcoin Dumping?

Tyler, Felix, and Quinn survey flow dynamics, marginal buyers, ETF flows, and macro hawkishness explaining recent BTC weakness.

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Episode notes

This week, we discuss the Fed meeting, including the end of quantitative tightening and the impact of its balance sheet plans. We also dig into how market structure imbalances and political polarization are reshaping markets, the “financial Hunger Games” of meme-driven trading, rising CapEx from AI megacaps, and the centralization of wealth and power across institutions. Enjoy!

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Timestamps:

(00:00) Introduction

(02:05) Private-Public Market Divergence

(05:08) Fed Meeting Takeaways

(11:17) Grayscale Ad

(11:56) Market Structure Rabbit Hole

(17:26) The Bifurcating Economy

(23:01) Fed Balance Sheet Changes

(27:40) Impact on Markets