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Unchained
2025-11-22
Bits + Bips: Why Bitcoin Will Keep Going Down coverart
Bits + Bips: Why Bitcoin Will Keep Going Down
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About the episode

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Bitcoin keeps drifting lower — and traders are asking the same question: where’s the floor?

Host Steve Ehrlich brings on Markus Thielen, CEO of 10x Research, to walk through Bitcoin’s technical setup, ETF flows, institutional positioning, and why the recent selloff looks different from past dips.

Markus lays out the metrics he’s watching, the levels that matter, and why the path downward may still be the path of least resistance. He also shares his views on Ethereum, altcoins, digital asset treasuries, and why some investors are stepping away from risk entirely.

Host:
Steve Ehrlich, Executive Editor at Unchained

Guest:
Markus Thielen, CEO of 10x Research

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