Episode 55: Crypto Markets Break Down After Massive $1.5 Billion ByBit Hack As Sentiment Sours

In this week’s podcast, Imran Lakha and David Brickell discuss the recent weakness in crypto markets after the huge ByBit hack last week.

David explains the macro landscape as he sees it and argues that the broader picture is still very positive, especially for Bitcoin. Imran gives his take on the moves in vol and skew and what it says about the options market’s assessment of recent volatility. David speaks with special guest David Gokhshtein, Founder and CEO of Ghokshtein Media to get his take on the crypto market and how the space is evolving.

The following topics is covered:

00:00 – Introduction
00:42 – Crypto Market Weakness & Solana Insights
03:34 – Macro Insights & Current Macro Environment
05:17 – The Biggest Hack in Crypto History
09:57 – China’s Money Flow & Market Outlook: Where Are We Now?
12:11 – Imran’s Options Positioning in the Current Market
14:36 – David Meets David Gokhshtein & Insights on the Bybit Hack
17:36 – David’s Crypto Career Journey
22:44 – Thoughts on Trump & Political Changes in the U.S.
26:26 – Is Trump Delivering on His Promises?
33:10 – Market Cycle Analysis & Institutional Inflows
39:05 – David’s Take on the Meme Coin Economy
45:01 – David’s Response to Claims That All Memes & Cryptos Will Go to Zero
46:53 – Bitcoin’s Value & Advantages
49:10 – The Role of Younger Generations in the Digital Economy
51:12 – What’s the Catalyst for the Next Market Surge?
56:30 – David Gokhshtein’s Closing Thoughts
57:23 – Reflections on the Chat with David & Final Takeaways