The Bad Crypto Podcast Bitcoin’s Weirdest Cycle Yet: Why Nothing Looks Normal Anymore
Nov 20, 2025
Bitcoin is in an unusual state, with a trillion dollars gone from the market and terrible sentiment prevailing. Despite significant institution repositioning and ETF outflows, traditional bull-market signals remain silent. The hosts examine the impact of liquidity, macroeconomic forces, and how this cycle compares to previous drawdowns. They also explore the evolving tech landscape, from AI innovations to super apps, while discussing the emotional toll of tracking market movements daily. Is this just a painful mid-cycle flush?
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Personal Sell Due To Cash Flow Pain
- Joel recalls buying early Bitcoin and the emotional swings of needing to liquidate during personal cash flow problems.
- He uses that story to remind listeners crypto goes up and down and personal circumstances force decisions.
Liquidity Crunch Drove The Big Market Drop
- Bitcoin's recent drop reflects tightened liquidity and higher rates pulling capital from volatile assets.
- ETF outflows amplified sell pressure, making each sell order hit harder in a thin market.
Historical Cycles Still Matter—With Caveats
- Historical cycles show Bitcoin often drops ~50% then later reaches new highs, suggesting current declines may be mid-cycle consolidation.
- Patterns repeat but timing and depth vary, so past behavior informs but doesn't guarantee outcomes.