Bits + Bips: Why Bitcoin Will Keep Going Down - Ep. 956

In this episode of Bits and Bips, Steve Ehrlich interviews Markus Thielen from Tenex Research about the current state of the crypto market. They discuss the impact of Nvidia's earnings, define what constitutes a bear market in crypto, and compare the current market conditions to previous downturns, including the influence of Trump's tariffs and events like the FTX collapse. Thielen provides tactical advice for trading in a bearish climate, highlighting indicators like the Coinbase premium and price volatility, and also shares his analysis of Ethereum, DATs, and ETFs, including the hidden costs associated with some investment vehicles. He expresses caution about the near-term outlook, anticipating continued macro headwinds and potential challenges in the coming year, while still noting potential opportunities that may arise.