About
Michael Nadeau called the top before the 10/10 crash. In this episode, he sits down with Ryan to explain why. They break down the onchain data that flipped him risk off, Bitcoin’s decisive break below the 50-week moving average, and why global liquidity and rate cuts may not rescue this cycle. Michael shares the price zones where Bitcoin becomes compelling again, how long-term holder behavior maps to past tops, and the framework he’s using to build a high conviction watch list for the next bull.
Michael Nadeau
https://x.com/JustDeauIt
------
📣REYA | ETHEREUM FOR TRADERS
https://bankless.cc/reya
🗞️ THE DEFI REPORT | SIGN-UP & SUBSCRIBE (CODE: TDRPRO30)
https://thedefireport.io/sign-up
https://buy.stripe.com/dRm3cv84e6FYfFzbVgebu01
------
BANKLESS SPONSOR TOOLS:
🔵COINBASE | ETH & BTC BACKED LOANS
https://bankless.cc/coinbase-borrow
🪙FRAXNET | MINT, REDEEM, EARN
https://bankless.cc/fraxnet
🦄UNISWAP | SWAP ON UNICHAIN
https://bankless.cc/unichain
🛞MANTLE | MODULAR L2 NETWORK
https://bankless.cc/Mantle
💤EIGHT SLEEP | IMPROVE YOUR SLEEP
https://bankless.cc/eight-sleep
------
TIMESTAMPS & RESOURCES
0:00 Intro
0:48 Market Downturn Analysis
5:22 Risk-Off Position Insights
8:25 Market Structure Breakdown
9:49 October Call Reflection
11:27 November Confirmation
13:48 Market Psychology Overview
24:43 Cycling Through Market Phases
28:55 Wealth Destruction Zone
34:11 Markets KPIs
38:47 Long-Term Holder Dynamics
44:02 Cycle End Analysis
49:07 Global Liquidity Conditions
52:15 Trading Strategies Discussion
56:13 Price Points & Metrics
1:04:47 Watch List Strategy
1:07:38 Closing & Disclaimers
------
Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures
Michael Nadeau
https://x.com/JustDeauIt
------
📣REYA | ETHEREUM FOR TRADERS
https://bankless.cc/reya
🗞️ THE DEFI REPORT | SIGN-UP & SUBSCRIBE (CODE: TDRPRO30)
https://thedefireport.io/sign-up
https://buy.stripe.com/dRm3cv84e6FYfFzbVgebu01
------
BANKLESS SPONSOR TOOLS:
🔵COINBASE | ETH & BTC BACKED LOANS
https://bankless.cc/coinbase-borrow
🪙FRAXNET | MINT, REDEEM, EARN
https://bankless.cc/fraxnet
🦄UNISWAP | SWAP ON UNICHAIN
https://bankless.cc/unichain
🛞MANTLE | MODULAR L2 NETWORK
https://bankless.cc/Mantle
💤EIGHT SLEEP | IMPROVE YOUR SLEEP
https://bankless.cc/eight-sleep
------
TIMESTAMPS & RESOURCES
0:00 Intro
0:48 Market Downturn Analysis
5:22 Risk-Off Position Insights
8:25 Market Structure Breakdown
9:49 October Call Reflection
11:27 November Confirmation
13:48 Market Psychology Overview
24:43 Cycling Through Market Phases
28:55 Wealth Destruction Zone
34:11 Markets KPIs
38:47 Long-Term Holder Dynamics
44:02 Cycle End Analysis
49:07 Global Liquidity Conditions
52:15 Trading Strategies Discussion
56:13 Price Points & Metrics
1:04:47 Watch List Strategy
1:07:38 Closing & Disclaimers
------
Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures