Bitcoin Sinks Below $100K Again — Why Is Sentiment THIS Bad

#finance
#financement

Bitcoin just broke below $100K again and sentiment is as bad as it was after the FTX collapse—except this time, Bitcoin is still near six figures. In this episode of No Second Best, Hurley breaks down why 2025 feels like a bear market for Bitcoin, even as ETFs accumulate, long-term holders slowly bleed coins, a major central bank launches a Bitcoin custody pilot, and Square activates Bitcoin payments across 4 million terminals. We dig into brutal sentiment, four-year cycle myths, macro liquidity, and why this range may be the uncomfortable middle of a much bigger Bitcoin move. If you care about Bitcoin, macro, capital flows, and where this cycle really goes next, you don’t want to miss this one.
Timestamps
00:00:00 - Bitcoin Dips Below $100K: What's Happening?
00:01:25 - Central Banks and Corporations: A New Era for Bitcoin
00:02:24 - The Dark Side of Bitcoin Sentiment: A Cesspool of Despair
00:03:58 - Fatigue Over Fear: Why Long-Term Holders Are Selling
00:05:23 - Understanding the Market: Are We at a Top?
00:06:18 - The Two Types of Bitcoin Tops: Euphoria vs. Stalemate
00:07:33 - The Market's Exhaustion: Not Broken, Just Tired
00:08:13 - The Macro Cycle: Why Timing Matters More Than Ever
00:10:20 - The Shattering of the Four-Year Cycle: A New Perspective
00:11:58 - Opportunity in Disappointment: What Lies Ahead for Bitcoin