Is Crypto Near the Bottom? Bitcoin, Hyperliquid, and the Self-Custody Crisis

About this episode

The episode discusses the current state of the crypto market, focusing on Bitcoin, Hyperliquid, and the risks associated with self-custody.

In this episode of Token Narratives, Graham Stone, Alex Richardson, and David Sencil break down a market that still looks shaky on the surface but may be getting closer to a major turning point. They debate whether Bitcoin has more downside ahead, why some cycle indicators still point to a later bottom, and why others are turning more bullish despite ugly macro conditions.The conversation also dives into Hyperliquid: its deal with Circle, whether regulation could eventually crush its edge, and what happens if traditional finance finally moves in on the perpetuals market. They unpack the bigger question of whether Hyperliquid can build a moat before the old system fully wakes up.They also cover one of the darkest themes in crypto right now: the growing physical security risk around self-custody. From bodyguards at conferences to wrench-attack fears and real-world theft tactics, the episode explores whether “not your keys, not your coins” is running into a brutal real-world limit.A wide-ranging conversation on Bitcoin, macro, AI-driven markets, Hyperliquid, security, and the narratives shaping crypto right now.00:50 - Welcome Back and Market Overview02:13 - Crypto Market…

People in this episode

Guests: Graham Stone, Alex Richardson, David Sencil

Topics covered

• crypto market analysis
• Bitcoin
• Hyperliquid
• self-custody crisis
• macro conditions
• security risks

Keywords

• Bitcoin
• Hyperliquid
• self-custody
• crypto market
• security risks
• macro conditions
• Circle
• Glassnode

Mentioned in this episode

Organizations: Hyperliquid, Circle, Bitcoin, Fed, Glassnode

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