This Is A Bear Market! Why We Could Be Heading Lower

In this interview, Markus Thielen of 10x Research calls the current cycle a bear market, arguing that despite bullish headlines, Bitcoin is floundering due to uneven ETF flows and tightening global liquidity. He breaks down the critical metrics—like institutional demand drivers, liquidity gauges and unemployment data—and even warns that Bitcoin could slide another 60% by 2026 if things get worse.

Thielen also dives into why altcoins keep lagging (and what might finally kick off a rally), weighs Solana’s hype versus value, and pits CZ against BlackRock to see who really pulls the strings in today’s crypto markets. Add recession risks and midterm election fallout, and you’ve got a full map of what’s moving and shaking crypto right now.

Watch on YouTube