The Most Bullish Bitcoin Signal Is Silence

Michael Sullivan joins the show to explain why he published the most bullish piece of his bear market at $63K, and why Bitcoin ripped 15% in 48 hours right after. Michael spent thirteen years as a fintech engineer and writes fiction on the side, and he's turned both into a methodology: measuring the emotion in how Bitcoiners actually talk, cohort by cohort, week by week. His argument is that when every trader is bored, fearful, and rotating into AI and quantum, that isn't a bear signal.

ETFs and Exchanges Ranked by Bitcoin Holdings

#
Name BitcoinTreasuries logo
1 ๐Ÿ‡บ๐Ÿ‡ธ
โ‚ฟ 771,640
$61,240M
3.674%
2 ๐Ÿ‡บ๐Ÿ‡ธ
โ‚ฟ 173,308
$13,754M
0.825%
3 ๐Ÿ‡บ๐Ÿ‡ธ
โ‚ฟ 131,528
$10,438M
0.626%
4 ๐Ÿ‡บ๐Ÿ‡ธ
โ‚ฟ 60,555
$4,806M
0.288%
5 ๐Ÿ‡ฌ๐Ÿ‡ฎ
โ‚ฟ 38,931
$3,090M
0.185%
6 ๐Ÿ‡บ๐Ÿ‡ธ
โ‚ฟ 37,752
$2,996M
0.180%
7 ๐Ÿ‡บ๐Ÿ‡ธ
โ‚ฟ 35,026
$2,780M
0.167%
8 ๐Ÿ‡ฏ๐Ÿ‡ต
โ‚ฟ 34,504
$2,738M
0.164%
9 ๐Ÿ‡บ๐Ÿ‡ธ
โ‚ฟ 31,581
$2,506M
0.150%
10 ๐Ÿ‡ฏ๐Ÿ‡ช
โ‚ฟ 20,297
$1,611M
0.097%
11 ๐Ÿ‡ธ๐Ÿ‡ช
โ‚ฟ 20,085
$1,594M
0.096%
12 ๐Ÿ‡ฌ๐Ÿ‡ง
โ‚ฟ 19,260
$1,529M
0.092%
13 ๐Ÿ‡จ๐Ÿ‡ฆ
โ‚ฟ 18,373
$1,458M
0.087%
14 ๐Ÿ‡จ๐Ÿ‡ญ
โ‚ฟ 16,843
$1,337M
0.080%
15 ๐Ÿ‡บ๐Ÿ‡ธ
โ‚ฟ 15,400
$1,222M
0.073%
16 ๐Ÿ‡จ๐Ÿ‡ฆ
โ‚ฟ 14,898
$1,182M
0.071%
17 ๐Ÿ‡ฉ๐Ÿ‡ช
โ‚ฟ 10,922
$867M
0.052%
18 ๐Ÿ‡จ๐Ÿ‡ญ
โ‚ฟ 8,195
$650M
0.039%
19 ๐Ÿ‡ฑ๐Ÿ‡ฎ
โ‚ฟ 8,195
$650M
0.039%
20 ๐Ÿ‡จ๐Ÿ‡ฆ
โ‚ฟ 8,016
$636M
0.038%
21 ๐Ÿ‡บ๐Ÿ‡ธ
โ‚ฟ 7,056
$560M
0.034%
22 ๐Ÿ‡บ๐Ÿ‡ธ
โ‚ฟ 6,410
$509M
0.031%
23 ๐Ÿ‡บ๐Ÿ‡ธ
โ‚ฟ 6,331
$502M
0.030%
24 ๐Ÿ‡ง๐Ÿ‡ท
โ‚ฟ 5,440
$432M
0.026%
25 ๐Ÿ‡บ๐Ÿ‡ธ
โ‚ฟ 5,113
$406M
0.024%
26 ๐Ÿ‡ฏ๐Ÿ‡ช
โ‚ฟ 4,402
$349M
0.021%
27 ๐Ÿ‡จ๐Ÿ‡ฆ
โ‚ฟ 4,336
$344M
0.021%
28 ๐Ÿ‡บ๐Ÿ‡ธ
โ‚ฟ 4,188
$332M
0.020%
29 ๐Ÿ‡บ๐Ÿ‡ธ
โ‚ฟ 3,746
$297M
0.018%
30 ๐Ÿ‡ธ๐Ÿ‡จ
โ‚ฟ 3,699
$294M
0.018%
31 ๐Ÿ‡จ๐Ÿ‡ฆ
โ‚ฟ 2,868
$228M
0.014%
32 ๐Ÿ‡บ๐Ÿ‡ธ
โ‚ฟ 2,620
$208M
0.012%
33 ๐Ÿ‡ญ๐Ÿ‡ฐ
โ‚ฟ 2,603
$207M
0.012%
34 ๐Ÿ‡จ๐Ÿ‡ฆ
โ‚ฟ 2,558
$203M
0.012%
35 ๐Ÿ‡จ๐Ÿ‡ฆ
โ‚ฟ 2,339
$186M
0.011%
36 ๐Ÿ‡ง๐Ÿ‡ท
โ‚ฟ 1,545
$123M
0.007%
37 ๐Ÿ‡ฉ๐Ÿ‡ช
โ‚ฟ 1,480
$117M
0.007%
38 ๐Ÿ‡ฆ๐Ÿ‡บ
โ‚ฟ 1,447
$115M
0.007%
39 ๐Ÿ‡ง๐Ÿ‡ท
ETF QR Asset
โ‚ฟ 1,386
$110M
0.007%
40 ๐Ÿ‡ฆ๐Ÿ‡บ
โ‚ฟ 1,304
$103M
0.006%
41 ๐Ÿ‡ญ๐Ÿ‡ฐ
โ‚ฟ 1,224
$97M
0.006%
42 ๐Ÿ‡ญ๐Ÿ‡ฐ
โ‚ฟ 995
$79M
0.005%
43 ๐Ÿ‡บ๐Ÿ‡ธ
โ‚ฟ 946
$75M
0.005%
44 ๐Ÿ‡จ๐Ÿ‡ญ
โ‚ฟ 269
$21M
0.001%
45 ๐Ÿ‡ฉ๐Ÿ‡ช
โ‚ฟ 214
$17M
0.001%
46 ๐Ÿ‡ฑ๐Ÿ‡ฎ
โ‚ฟ 197
$16M
0.001%
47 ๐Ÿ‡บ๐Ÿ‡ธ
โ‚ฟ 135
$11M
0.001%
48 ๐Ÿ‡บ๐Ÿ‡ธ
โ‚ฟ 110
$9M
0.001%
49 ๐Ÿ‡ฌ๐Ÿ‡ง
โ‚ฟ 2
$0M
0.000%
50 ๐Ÿ‡ฌ๐Ÿ‡ง
โ‚ฟ 0
$0M
0.000%
Total:
1,550,270
$123,035M
7.382%

Other Digital Assets Tracked