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Is Bitcoin in a bear market? When will we hit the bottom? Walker sits down with Bitcoin analyst Rational Root for a deep dive into Bitcoin’s current market structure, bear market vibes, and why this cycle has felt so different, and whether the four-year cycle is still intact. Root argues Bitcoin is in a bear market phase, explains why institutional adoption and ETF flows created a more distributed top instead of a classic parabolic blow-off, and lays out why the next few months may look more like bottom formation than immediate breakout. They discuss the role of long-term holder distribution, why 100k became such a major psychological level, how business cycles and halving cycles interact, and why Bitcoin remains massively bullish long term even if price chops lower in the near term. FOLLOW ROOT: X: https://x.com/therationalroot Nostr: https://primal.net/p/nprofile1qqsphh4... *Five key topics we discuss* Why Rational Root believes Bitcoin is currently in a bear market, not just a mid-cycle dip How ETF flows, OTC buying, and institutional adoption changed this cycle’s price action Why 100k became a major psychological sell zone for long-term holders and OG whales Whether the four-year cycle is still alive, and how much of it is really driven by the broader business/liquidity cycle Why Root remains extremely bullish long term even while expecting more chop and possible downside in the near term PARTNERS & DISCOUNTS: LEDN: Bitcoin-backed lending. Go to https://ledn.io/walker and unlock liquidity WITHOUT selling your bitcoin. BLOCKSTREAM JADE HARDWARE WALLET: Head to https://store.blockstream.com/ and use coupon code WALKER for 10% off! BDIC is building an insurance marketplace on the bitcoin standard. Sign up for the waitlist at: http://bdic.io/walker Buy Bitcoin with River: http://partner.river.com/walker GET FOLD ($10 in bitcoin): https://use.foldapp.com/r/WALKER CHAPTERS: 00:00 - Intro **MORE CHAPTERS** 🎧 Subscribe to @WalkerAmerica (THE Bitcoin Podcast) for more Bitcoin content! 📡 THE BITCOIN PODCAST is available on all major platforms: https://bitcoinpodcast.net/podcast • 🟡 Fountain: https://www.fountain.fm/show/68gcLZFD... • 🟢 Spotify: https://open.spotify.com/show/0f4Ke6g... • 🍎 Apple: https://podcasts.apple.com/us/podcast... ⸻ WALKER’S LINKS • 🔗 Nostr (Walker): https://primal.net/walker • 🎙️ Nostr Podcast: https://primal.net/titcoin • 🐦 X: https://x.com/walkeramerica | https://x.com/titcoinpodcast • Instagram: / titcoinpodcast • 🌐 Website: https://bitcoinpodcast.net/