Why Prices Are Crashing & What's Next—How Mike Nadeau Called the Cycle

Why Prices Are Crashing & What's Next—How Mike Nadeau Called the Cycle – Bankless

Mentioned

Bullish

BTC— Michael plans to deploy his 80% cash position to buy Bitcoin around $65k, viewing a 50% correction as a good entry point based on historical cycle analysis and convergence with key support levels like the 200-week moving average.

Bearish

BTC— Michael shifted to risk-off positioning due to market complacency and technical deterioration, including Bitcoin breaking below the 50-week moving average with multiple weekly closes, confirming his bearish thesis.
RISK— Michael holds a contrarian view that Fed rate cuts could reduce liquidity by decreasing government interest payments on $38 trillion in debt, supporting his bearish stance on risk assets.
CRYPTOEQ— Michael believes the crypto cycle has ended due to exhaustion of institutional demand from ETFs and corporate buyers, with the marginal buyer no longer present.
DEFI— Michael expects persistent selling pressure from new market entrants who will sell into bear market rallies to get close to breakeven, creating headwinds for DeFi and other risk assets.

Not investment advice.