Jun 3, 2026 · 37 min · 11 segments
Bitcoin is testing a critical zone, but this bear market is starting to look different. Mike and David break down why $60K may be the next major level, how Strategy’s first BTC sale and STRC stress…
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The typical way that this plays out, for the last two or three cycles, however long I've been in crypto, is that everything in crypto pukes.
Bitcoin pukes the least, Ether pukes a little bit more, and then everything is just down so bad, and then people leave, and then, like, you wait a little bit more, and then you start to see some tokens go up-
... and make some moves in the bear market secretly, silently, under everyone's noses because 95% of people left.
May- maybe we're, we're kind of, if you look at the Bitcoin chart, we're at 66,000.
But, like, it's so early in the bear process to see other tokens down market breaking all-time highs, like, aggressively.
And I think that's what you're talking about, is like this is, this is different.
Like, clearly things, things like breaking out, like, like just looking at, like, what S lighter's been doing over the, over the last few weeks, obviously what Hyperliquid has been doing, what Zcash has been doing, what NEAR and some other AI-adjacent coins-
The typical way that this plays out, for the last two or three cycles, however long I've been in crypto, is that everything in crypto pukes.
Bitcoin pukes the least, Ether pukes a little bit more, and then everything is just down so bad, and then people leave, and then, like, you wait a little bit more, and then you start to see some tokens go up-
... and make some moves in the bear market secretly, silently, under everyone's noses because 95% of people left.
May- maybe we're, we're kind of, if you look at the Bitcoin chart, we're at 66,000.
But, like, it's so early in the bear process to see other tokens down market breaking all-time highs, like, aggressively.
And I think that's what you're talking about, is like this is, this is different.
Like, clearly things, things like breaking out, like, like just looking at, like, what S lighter's been doing over the, over the last few weeks, obviously what Hyperliquid has been doing, what Zcash has been doing, what NEAR and some other AI-adjacent coins-
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