What’s Really Behind the Bitcoin Sell-Off?

Bitcoin is slipping toward $100K just as long-term holders dump 400,000 BTC into one of the largest distribution waves in history. In this episode Hurley unpacks why OG whales are selling into strength while global liquidity expands, and why macro investor Jordi Visser calls this Bitcoin’s “IPO moment” — the rotation from early believers to global capital. We walk through volatility compression, liquidation heat maps, ETF and corporate treasury demand, and what a maturing monetary network really looks like.

Jordi Visser on The Pomp Podcast - https://www.youtube.com/watch?v=Pry8GotwAeA

Timestamps
00:00:00 - Bitcoin's Price Struggles: A Deep Dive
00:01:02 - The Great Distribution: Long-Term Holders Sell
00:02:17 - Fear and Doubt: Echoes of 2020
00:03:00 - Bitcoin's IPO Moment: A New Perspective
00:04:50 - The Shift in Ownership: From OGs to Institutions
00:06:15 - Volatility and Concentration: Changing Dynamics
00:07:40 - The Calm Before the Storm: Market Compression
00:09:26 - Liquidation Heatmap: Short Positions Explained
00:10:41 - Global Liquidity: The Hidden Tailwinds
00:11:32 - The Future of Bitcoin: Maturation and Growth

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