Steven McClurg: The Bitcoin Cycle Top Was Oct 4th — Prepare For Another 30% Drop?
As crypto, equities, and liquidity move through different cycles, it helps to understand your positioning. Get a free portfolio review with Wealthion’s endorsed financial advisors: https://bit.ly/4s7lLPI
Steven McClurg, CEO of Canary Capital, joins CoinFund President Chris Perkins to break down what’s actually driving crypto markets beneath the headlines. He explains why crypto ETFs are gaining traction even as Bitcoin and altcoins struggle, and why futures markets, basis trades, and market structure matter more than sentiment or politics.
McClurg shares a contrarian view on the four-year Bitcoin cycle, arguing that the peak may already be behind us, with miner capitulation and liquidity pressures weighing on prices. The conversation also explores why price weakness doesn’t necessarily signal slowing innovation, how stablecoins fit into the broader macro picture, and what investors should be watching as markets move into the next phase of the cycle.
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