Uploaded March 2026 | Updated September 2026, 1 week ago
Bitcoin may be showing early signs of a bottom despite rising volatility across global markets.
This clip comes from our weekly Global Macro Update, now delivered exclusively to TBL Pro subscribers on Substack.
We moved the full macro updates behind the paywall so we can speak more freely about our signals, macro views, and market positioning. We'll continue posting select clips here on YouTube, but the full analysis now lives inside TBL Pro.
🔓 TBL Pro is currently 40% OFF (Limited Offer)
For the next two weeks, we're offering a lifetime 40% discount on both monthly and yearly subscriptions.
Once you subscribe, that price is locked in permanently.
👉 Claim the 40% discount:
thebitcoinlayer.substack.com/subscribe?coupon=d772d323
Inside TBL Pro you get:
• Two weekly macro updates from Nik Bhatia (one letter + one exclusive video)
• One weekly Bitcoin market analysis
• Access to the TBL Research Dashboard to track liquidity metrics yourself
• Monthly report collaboration with James Check (Checkonchain)
Topics discussed in this update
• Why volatility is the key signal across markets
• Oil shocks and the Strait of Hormuz risk
• Whether Tuesday marked peak volatility
• Bitcoin's 20% rebound from the lows
• The current state of TBL Liquidity and what would trigger the next green dot 🟢
About The Bitcoin Layer
The Bitcoin Layer provides macro research focused on liquidity cycles, global markets, and Bitcoin's role in the financial system.
New Global Macro Updates are released every Thursday for TBL Pro members.
Bitcoin may be showing early signs of a bottom despite rising volatility across global markets.
This clip comes from our weekly Global Macro Update, now delivered exclusively to TBL Pro subscribers on Substack.
We moved the full macro updates behind the paywall so we can speak more freely about our signals, macro views, and market positioning. We'll continue posting select clips here on YouTube, but the full analysis now lives inside TBL Pro.
🔓 TBL Pro is currently 40% OFF (Limited Offer)
For the next two weeks, we're offering a lifetime 40% discount on both monthly and yearly subscriptions.
Once you subscribe, that price is locked in permanently.
👉 Claim the 40% discount:
thebitcoinlayer.substack.com/subscribe?coupon=d772d323
Inside TBL Pro you get:
• Two weekly macro updates from Nik Bhatia (one letter + one exclusive video)
• One weekly Bitcoin market analysis
• Access to the TBL Research Dashboard to track liquidity metrics yourself
• Monthly report collaboration with James Check (Checkonchain)
Topics discussed in this update
• Why volatility is the key signal across markets
• Oil shocks and the Strait of Hormuz risk
• Whether Tuesday marked peak volatility
• Bitcoin's 20% rebound from the lows
• The current state of TBL Liquidity and what would trigger the next green dot 🟢
About The Bitcoin Layer
The Bitcoin Layer provides macro research focused on liquidity cycles, global markets, and Bitcoin's role in the financial system.
New Global Macro Updates are released every Thursday for TBL Pro members.
