10.5 Million Bitcoin Underwater: Is This THE Bottom?

<p>Over 10.5 million Bitcoin are currently underwater. Everyone is panicking about a grueling bear market, but I see things differently. In today's Take, I explain why this recent drop actually signals deep liquidity and a historically accurate market bottom. The traditional four-year cycle is breaking. And as the national debt keeps doubling and the fiat printing won't stop, let's talk about why staying patient right now means everything.</p>
<p><strong>Chapters</strong> </p>
<p>(00:00:00) - Another big dump & 10.5M BTC underwater </p>
<p>(00:01:25) - Capitulation signal that’s called every bear bottom </p>
<p>(00:02:22) - From 90% crashes to a muted bear </p>
<p>(00:03:10) - Liquidity, ETFs, and Bitcoin as collateral & SoV </p>
<p>(00:04:57) - Patience: the rarest Bitcoin skill </p>
<p>(00:05:28) - Exponential US debt and the long‑term Bitcoin lens </p>
<p>(00:06:15) - How past cycles felt vs how they look on the chart </p>
<p>(00:06:42) - From $15K to a $60K+ floor: what that implies </p>
<p>(00:07:10) - Self‑custody, ETFs, and why keys matter </p>
<p>(00:08:01) - Volatility vs risk in a fast‑growing asset </p>
<p>(00:09:21) - Max pain, hopelessness, and where opportunity lives </p>
<p>(00:10:08) - Blood in the streets & hunting one more dip</p>
<p><strong>Affiliate Links</strong></p>
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<p><strong>Host Links</strong> </p>
<p>⁠Guy on Nostr ⁠(Link: <a href="tinyurl.com/2xc96ney">http://tinyurl.c…;) </p>
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<p>Guy's Takes on YouTube (Link: <a href="youtube.com/@GuysTake">https://www.you…;) </p>
<p>Guy Swann on YouTube (Link: <a href="youtube.com/@theguyswann">https://www.…;) </p>
<p>⁠Bitcoin Audible on X⁠ (Link: <a href="twitter.com/BitcoinAudible">https://tw…;) </p>
<p>The Guy Swann Network Broadcast Room on Keet (Link: <a href="tinyurl.com/3na6v839">https://tinyurl.…;)</p>
<p><strong>References from the episode</strong> </p>
<p>Coindesk: <a href="tinyurl.com/26l8pqzb">tinyurl.com/26l8… href="Investing.com">Investing.com</a>;: <a href="tinyurl.com/2a2wubsq">tinyurl.com/2a2w…; </p>
<p>BitBo: <a href="tinyurl.com/2anzw6g2">tinyurl.com/2anz…; </p>
<p>FT: <a href="tinyurl.com/23eglpaz">tinyurl.com/23eg…; </p>
<p>Reason: <a href="tinyurl.com/2687zybx">tinyurl.com/2687…; </p>
<p>Yahoo Finance: <a href="tinyurl.com/27crbd6v">tinyurl.com/27cr…; </p>
<p>Fortune: <a href="tinyurl.com/25nvhgzt">tinyurl.com/25nv…; </p>
<p>CNBC: <a href="tinyurl.com/2ynpzq8v">tinyurl.com/2ynp…; </p>
<p>Yellow: <a href="tinyurl.com/28e43f7o">tinyurl.com/28e4…; </p>
<p>FRED: <a href="tinyurl.com/2ddoz54u">tinyurl.com/2ddo…; </p>
<p>Decrypt: <a href="tinyurl.com/2ylup3hm">tinyurl.com/2ylu…; </p>
<p>CoinDesk: <a href="tinyurl.com/253cflvk">tinyurl.com/253c…; </p>
<p>Guardian: <a href="tinyurl.com/2bynazae">tinyurl.com/2byn…; </p>
<p>Reuters: <a href="tinyurl.com/26p89zjm">tinyurl.com/26p8…; </p>
<p>Trading Key: <a href="tinyurl.com/2cceq344">tinyurl.com/2cce…; </p>
<p>Yahoo Finance: <a href="tinyurl.com/2boso8gs">tinyurl.com/2bos…; </p>
<p>Spark: <a href="tinyurl.com/2422njur">tinyurl.com/2422…; </p>
<p>Yahoo Finance: <a href="tinyurl.com/29yn59sx">tinyurl.com/29yn…;