Watch now (64 mins) | 48-Hours left before deal is gone. Also, our TBL Pulse Webinar recording, where we walk you through how we use the dashboard ourselves.

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	Forwarded this email? Subscribe here for more   Watch now   Tutorial on TBL Pulse 48-Hours left before deal is gone. Also, our TBL Pulse Webinar recording, where we walk you through how we use the dashboard ourselves. Nik Bhatia, Johan Bergman, Augustine Carrasco, and Demian Schatt May 8   READ IN APP   Dear Readers, First off, thank you to everyone who joined the call yesterday. We love to see just how much love (and feedback) this product is receiving. We found the Webinar so valuable that we decided to use it as an introduction/tutorial for everyone to see. In this recording (YouTube link below), you will: Be able to see what TBL Pulse looks like; See how we read and use charts within the dashboard; and, Derive the same signals that we do. We answer two important questions: Why does our TBL Liquidity Indicator have a 14-day confirmation period? How do we read Johan’s State Quadrant? Already a TBL Pro subscriber? TBL Pulse is already included in your membership at no extra cost. Just link your Substack account to access it. If you would like access to TBL Pulse, take advantage of our latest deal: Get TBL Pulse for only $99 on your first year Down from $199; 48 hours left to redeem Redeem Coupon More questions we answered: What are the four pillars of TBL Liquidity, and why were they chosen? How does the TBL Liquidity Indicator turn a raw index into a buy or sell signal? How has the indicator actually performed (and where has it fallen short)? Why does it outperform buy-and-hold bitcoin on a zero-to-three-year horizon but not over five to seven years? How do the trend and valuation axes work independently of each other in Johan’s State Quadrant? What do the four quadrant labels (Recovery, Euphoria, Distribution, and Capitulation) actually mean for how you should be positioned? What are the seven valuation models behind the composite score, and which one has performed best in backtesting? What is the UTXO heatmap, and how do you use it to spot support and resistance? How do you read the UTXO distribution chart, and what does the delta view tell you about where coins have moved? Is TBL Pulse designed for short-term traders or long-term investors, and what is the right way to use it depending on your style? YouTube Video: Thanks for reading The Bitcoin Layer — for access to all content, upgrade to paid! Upgrade to paid   Like Comment Restack   © 2026 Nik Bhatia 548 Market Street PMB 72296, San Francisco, CA 94104 Unsubscribe