Was That the Top? Bitcoin, ETH, & Q4 Setup | Michael Nadeau's DeFi Report #6

Listen to this episode from Bankless on Spotify. Is this really the cycle top, or just a reset before Q4 fireworks? Michael Nadeau from The DeFi Report joins Ryan to decode the latest onchain and macro data. We dig into Bitcoin’s key levels, ETH’s $4K line, and why September’s liquidation event might have cleared the path for new highs in Q4. Michael explains what a “mini alt season” tells us about dominance, where fresh capital could come from, and how to think about positioning ahead of year-end.Michael Nadeau & The DeFi Report:https://x.com/JustDeauIthttps://thedefireport.io/research/is-the-top-in——————📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24https://bankless.cc/spotify-premium——————BANKLESS SPONSOR TOOLS:🪙FRAX | SELF SUFFICIENT DeFihttps://bankless.cc/Frax🦄UNISWAP | SWAP ON UNICHAINhttps://bankless.cc/unichain🛞MANTLE | MODULAR LAYER 2 NETWORKhttps://bankless.cc/Mantle🎩DEGEN | JOIN THE COMMUNITYhttps://bankless.cc/degen🌳KGEN | REQUEST A DEMOhttps://bankless.cc/KGEN-podcast🏄SURF | UPGRADE YOUR CRYPTO RESEARCHhttps://bankless.cc/surf——————TIMESTAMPS0:00 Introduction to Crypto Fundamentals1:43 Recapping the Summer Market2:11 Analyzing the Mini Altcoin Season6:54 Examining Long-Term Holder Behavior7:35 Bitcoin vs. Altcoins: Market Dynamics12:38 The Next Phase of the Cycle14:41 Bitcoin's Critical Price Levels17:12 Moving Averages: Key Indicators20:40 Current State of the Altcoin Market26:34 Insights on Ethereum’s Future27:44 Liquidation Events and Market Sentiment31:22 Understanding Global Liquidity34:42 Macro Economic Outlook38:41 Impact of Rate Cuts on Crypto47:41 Future Capital Inflows into Crypto49:37 Monitoring Market Cycles & Conditions50:49 Closing & Disclaimers——————Not financial or tax advice. See our investment disclosures here:https://www.bankless.com/disclosures