How Real Is This Relief Rally?

Some think we hit a local bottom while others are skeptical of the bounce.

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ABOUT

This episode is sponsored by Nexo.io, NEAR and FTX US.

On today’s show, NLW explores the discussion around the bitcoin relief rally of the last two days, following the crash last Friday and Saturday. Some think that there are a plethora of bottom signals that suggest we may have a mean reversion and return to being correlated with equities, after falling much faster than Nasdaq thanks to the Luna/Terra implosion. Others think that we won’t find a bottom until equities find a bottom, and that doesn’t seem to have happened yet.

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “Catnip” by Famous Cats and “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Rudzhan Nagiev/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

HOSTS

Nathaniel Whittemore

NLW is an independent strategy and communications consultant for leading crypto companies as well as host of The Breakdown – the fastest-growing podcast in crypto. Whittemore has been a VC with Learn Capital, was on the founding team of Change.org, and founded a program design center at his alma mater Northwestern University that helped inspire the largest donation in the school’s history.