Bitcoin is stuck. The market feels heavy. Sentiment is terrible. And yet, none of the traditional bull-market top signals have fired. Not a single one.

In Episode 796, Joel and Travis dig into one of the strangest phases Bitcoin has ever entered. A trillion dollars has fallen off the crypto market cap since early October, ETF flows have flipped negative, liquidity is thinning out, and institutions are repositioning. But at the same time, the larger macro picture, historical drawdowns, and long-term adoption trends point to something very different.

Is this the end of the bull run? Or is this exactly what a mid-cycle flush looks like—painful, confusing, and full of mixed signals?

In this episode we cover:
• Why liquidity is disappearing and how it affects every chart
• ETF outflows, BlackRock’s massive selling week, and what it really means
• Why none of the historical bull-run peak indicators have triggered
• How macro forces, Japan’s rate shifts, and global pressure ripple into crypto
• What Apple, Nvidia, and on-device AI reveal about where the tech cycle is headed
• Why Bitcoin repeat patterns matter—and why they don’t
• The psychological trap of watching the market every day

This is a grounded, straight-talk conversation about the state of the market — the kind of conversation Joel and Travis used to have before the podcast even existed.

Crypto goes up. Crypto goes down. The chart keeps moving. And your favorite blockheads are still here, from Dubai to Puerto Rico.

Listen, comment, debate, and tell us what you think the market is about to do next.

Stay bad.

Bitcoin is stuck. The market feels heavy. Sentiment is terrible. And yet, none of the traditional bull-market top signals have fired. Not a single one.
In Episode 796, Joel and Travis dig into one of the strangest phases Bitcoin has ever entered. A trillion dollars has fallen off the crypto market cap since early October, ETF flows have flipped negative, liquidity is thinning out, and institutions are repositioning. But at the same time, the larger macro picture, historical drawdowns, and long-term adoption trends point to something very different.
Is this the end of the bull run? Or is this exactly what a mid-cycle flush looks like&mdash;painful, confusing, and full of mixed signals?
In this episode we cover: &bull; Why liquidity is disappearing and how it affects every chart &bull; ETF outflows, BlackRock&rsquo;s massive selling week, and what it really means &bull; Why none of the historical bull-run peak indicators have triggered &bull; How macro forces, Japan&rsquo;s rate shifts, and global pressure ripple into crypto &bull; What Apple, Nvidia, and on-device AI reveal about where the tech cycle is headed &bull; Why Bitcoin repeat patterns matter&mdash;and why they don&rsquo;t &bull; The psychological trap of watching the market every day
This is a grounded, straight-talk conversation about the state of the market &mdash; the kind of conversation Joel and Travis used to have before the podcast even existed.
Crypto goes up. Crypto goes down. The chart keeps moving. And your favorite blockheads are still here, from Dubai to Puerto Rico.
Listen, comment, debate, and tell us what you think the market is about to do next.
Stay bad.

Technologists and crypto-enthusiasts Joel Comm and Travis Wright attempt to demystify the world of bitcoin, blockchain, litecoin, ethereum, alt-coins, token generation events, and ICOs in this podcast for cryptocurrency newbies.

Bitcoin, Blockchain, and Cryptocurrency for newbies

The Bad Crypto Podcast

Since 2017, technologists and crypto-enthusiasts Joel Comm and Travis Wright have attempted to demystify the world of bitcoin, blockchain, ethereum, altcoins, NFTs, Play-2-earn, the metaverse and Web3 in this podcast for cryptocurrency newbies and veterans alike!

Featuring some of the biggest names and most prolific movers-and-shakers in the space, the pair put the spotlight on their guests while taking listeners along for the journey down the rabbit hole.

Past guests have included John McAfee, Richard Heart, Tom Bilyeu, Vitalik Buterin, Roger Ver, Brock Pierce, Michael Terpin, Brittany Kaiser, Max Kaiser, Tim Draper, CZ and many more. 

Since 2017, technologists and crypto-enthusiasts Joel Comm and Travis Wright have attempted to demystify the world of bitcoin, blockchain, ethereum, altcoins, NFTs, Play-2-earn, the metaverse and Web3 in this podcast for cryptocurrency newbies and veterans alike!
Featuring some of the biggest names and most prolific movers-and-shakers in the space, the pair put the spotlight on their guests while taking listeners along for the journey down the rabbit hole.
Past guests have included John McAfee, Richard Heart, Tom Bilyeu, Vitalik Buterin, Roger Ver, Brock Pierce, Michael Terpin, Brittany Kaiser, Max Kaiser, Tim Draper, CZ and many more.&nbsp;

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