Uploaded March 2026 | Updated September 2026, 2 weeks ago
Bitcoin is decorrelating from the dollar and holding up while stocks break down and oil pushes back toward $100.
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.
📎 Watch the full update: thebitcoinlayer.substack.com/p/global-macro-update-video-putting?r=4kvnpl
🔓 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 clip
Bitcoin's weakening correlation with the dollar and stocks
US oil production and why the recession risk is Asia's problem
The Strait of Hormuz under attack and global recession odds
Russia, China, and Iran's geopolitical dynamic
Stablecoins surging in Dubai as the Eurodollar system fails to keep up
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 is decorrelating from the dollar and holding up while stocks break down and oil pushes back toward $100.
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.
📎 Watch the full update: thebitcoinlayer.substack.com/p/global-macro-update-video-putting?r=4kvnpl
🔓 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 clip
Bitcoin's weakening correlation with the dollar and stocks
US oil production and why the recession risk is Asia's problem
The Strait of Hormuz under attack and global recession odds
Russia, China, and Iran's geopolitical dynamic
Stablecoins surging in Dubai as the Eurodollar system fails to keep up
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.
