Fear hits 5 on the Fear & Greed Index. Bitcoin drops. AI wipes$285 billion off software stocks. Yet politically and structurally, crypto has never looked stronger.

In this episode of the NFA Podcast, we unpack the growingdisconnect between macro reality and market sentiment.

Dr. Nisheta Sachdev & Michiel Frackers discuss:

• $21B in Bitcoin ETF inflows vs recent outflows

• The “SaaSpocalypse” and the AI driven selloff in software

• Whether AI is accelerating faster than markets can process

• The Netherlands introducing a 36% tax on unrealized gains

• Kevin O’Leary vs BitBoy and the ongoing SBF retrial attempt

• Binance drama and market rumor cycles

• Why Fear & Greed collapsed to 5 despite pro crypto regulation

• Our live trading competition portfolios

Links:

• CNBC report about Bitcoin inflows and outflows
• Kevin O'Leary's win over BitBoy
• How the SaaSpocalypse will hit private equity
• Matt Shumer: something big is happening
• Om Malik: the Petri Dish realization

The NFA Podcast is not financial advice.

Chapter list

00:00 Intro

01:21 Bitcoin ETF inflows vs outflows

04:22 The AI “SaaSpocalypse” and $285B selloff

06:22 Is AI accelerating faster than society can adapt?

08:49 Epstein, tech leadership and AI ethics

11:19 The Netherlands’ 36% unrealized gains tax

13:22 Kevin O’Leary vs BitBoy

15:53 SBF’s attempt at a retrial

17:18 Binance rumors and market manipulation narratives

18:30 Stock market breakdown: tech vs semiconductors

21:49 Fear & Greed at 5

25:48 Stablecoin regulation and the Clarity Act

26:50 Trading competition update

29:41 When to rotate alts back into Bitcoin?

31:03 Final thoughts on sentiment vs fundamentals