In this episode, Nik welcomes back Jamie Coutts, chief crypto analyst at Real Vision, as bitcoin tests its 200 day moving average. Jamie explains why he believes bitcoin broke out of its bear market in August, why that turn came well before the low in global liquidity, and the levels he is watching below, including an air gap between $75,000 and $64,000. He walks through the margin debt signal that flashed before the tops in 2000, 2007, and 2021, why the degrossing in tech is one of the largest on record, and why correlations go to one if a risk off event hits. They close on bitcoin versus the Nasdaq. The Bitcoin Layer and its guests do not provide investment advice.
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