Bitcoin Season 2 | Blockspace Media

Conversations about Bitcoin covering markets, tech, compute, and culture from hosts Charlie Spears and Colin Harper.

Author: Blockspace Media

Conversations about Bitcoin covering markets, tech, compute, and culture from hosts Charlie Spears and Colin Harper. Listen for weekly shows covering everything from deep Bitcoin mining to the conversation of the week in Bitcoin. We talk with the executives, operators, deal makers, financers and builders making the digital frontier happen. Available on all podcast players, YouTube and on syndication platforms like Yahoo Finance, CoinDesk and more! Be sure to subscribe and give us a five star review so you never miss a podcast!
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Bitcoin Collapse: Here's Who's Bleeding In The Street
Saturday, 22 November, 2025

Colin and Charlie break down the brutal November 2025 Bitcoin selloff. With BTC trading at $87K, the average ETF holder is now underwater, hash prices are at all-time lows, and treasury companies like MicroStrategy and Nokia are facing serious headwinds. We discuss whether this is just typical Bitcoin volatility or something more concerning, analyze the dangers of leverage in crypto, and examine what happens when treasury companies can no longer access capital markets. Subscribe to the newsletter! https://newsletter.blockspacemedia.com Notes: • Bitcoin trading at $86-87K (red for the year) • Average BTC ETF holder now underwater • Hash price at all-time low for miners • MicroStrategy convertible notes taking haircuts • 30% drawdown within historic BTC range • Treasury companies face capital access issues Timestamps: 00:00 Start 00:34 Number Go Down WTF! 04:15 Bitcoin is volatile, strap in! 09:02 But why go down? 16:50 NAKA 20:20 Treasury company bubble 21:50 Metaplanet 25:09 Leverage will break you 28:32 Hashprice - 👋Blockspace Podcast is produced Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on Twitter and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech! Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices