Podcast
The DeFi Report
Hosted by Michael Nadeau · EN
Our weekly show is hosted by Michael Nadeau (The DeFi Report) and Ryan Sean Adams (Bankless). Each week, we discuss how we approach managing our own portfolio and the data, research, and analytical frameworks that inform those decisions — for educational and informational purposes.
32episodes
Episodes
Newest firstAll episodes
Bitcoin vs. Nasdaq: Is This Rally a Trap?
3d ago00:37:27Summary readyThe Nasdaq has nearly erased a 10% selloff, but the bond market may be telling a very different story. Mike and Ryan break down why the Fed may be letting rising long-term yields tighten financial conditions, whether the rally in equities is built to last, and why Bitcoin may have already bottomed relative to the Nasdaq even if both markets still have more pain ahead. They also cover Bitcoin’s cycle metrics, Strategy’s latest BTC sales, and the possibility of one final move toward $55K before the next major buying opportunity.----🎯THE DEFI REPORT | FOLLOW & SUBSCRIBEhttps://thedefireport.cc/tdr-rsshttps://thedefireport.io/friendshttps://thedefireport.transistor.fm/https://x.com/the_defi_reporthttps://x.com/JustDeauIt----TIMESTAMPS0:00 Intro0:21 NASDAQ vs Bitcoin2:04 Market Whipsaw Explained6:32 Bitcoin Cycle Check13:16 Strategy’s Bitcoin Stress16:06 Bitcoin Dominance Shift22:39 Bitcoin Versus QQQ26:43 Fed Lets Yields Run34:39 Staying Patient Into Year-End----Not financial or tax advice. For educational purposes only.
Summary
Can the Economy Handle Rate Hikes?
1w ago00:34:00Summary readyThe Fed may be forced to hike into an economy that looks strong on the surface but is weakening underneath. Mike and Ryan unpack the fault lines in labor, housing, savings, and credit, why the AI trade may be rolling over, and how one final risk-off move could send Bitcoin toward $55K before the next major buying opportunity.----🎯THE DEFI REPORT | FOLLOW & SUBSCRIBEhttps://thedefireport.cc/tdr-rsshttps://thedefireport.io/friendshttps://thedefireport.transistor.fm/https://x.com/the_defi_reporthttps://x.com/JustDeauIt----TIMESTAMPS0:00 Intro0:17 Fed Hike Shock Ahead2:36 Market Signals Tighten6:37 Fed Independence Questioned11:10 Economy Under Pressure16:32 Housing Fault Lines21:14 Dollar Strength Warning24:17 After the Sell-Off28:40 Global Liquidity Outlook31:00 Portfolio Patience----Not financial or tax advice. For educational purposes only.
Summary
Bitcoin’s Bear Market Is 80% Over? One More Lower Low Coming?
2w ago00:43:38Summary readyBitcoin may be 80% through its bear market, but the bottom still isn’t confirmed. Ryan and Mike unpack weak demand, rising macro pressure, the risk of one more lower low, and why $63K and $73K now matter most.----🎯THE DEFI REPORT | FOLLOW & SUBSCRIBEhttps://thedefireport.cc/tdr-rsshttps://thedefireport.io/friendshttps://thedefireport.transistor.fm/https://x.com/the_defi_reporthttps://x.com/JustDeauIt----TIMESTAMPS0:00 Intro3:27 Fair Value and Capitulation8:10 Time-Based Selloff13:07 Searching for Demand16:13 Miners Under Pressure18:45 Strategy and Saylor21:25 Iran and Oil Risk28:28 AI Speculation Peaks34:06 Macro or On-Chain?37:04 Bitcoin Levels to Watch41:25 TDR Updates and Outlook----Not financial or tax advice. For educational purposes only.
Summary
TDR Pro’s 1st-Year Portfolio Audit: Wins, Learnings & the Current Portfolio
3w ago00:48:13Summary readyMike opens the books on TDR Pro’s first year: a portfolio up 13% through a crypto bear market, 53% realized gains, and a timely risk-off call before Bitcoin fell 45%. Ryan and Mike audit the wins, misses, and process behind the performance.----📣GALAXY | INSTITUTIONAL DIGITAL FINANCEhttps://bankless.cc/Galaxy ----🎯THE DEFI REPORT | FOLLOW & SUBSCRIBEhttps://thedefireport.cc/tdr-ythttps://thedefireport.io/friendshttps://obsidian.md/ https://obsidian.md/clipper https://thedefireport.transistor.fm/https://x.com/the_defi_reporthttps://x.com/JustDeauIt----TIMESTAMPS0:00 Intro5:12 Portfolio Goals and Sleep Well10:46 Realized Gains and Bitcoin Alpha13:50 Unrealized Gains in Bear Market17:30 Lessons From the Bull Run23:34 Misses, Lessons, and Flexibility31:01 Current Portfolio Sectors36:52 Using TDR Pro With AI42:57 Transparency and Performance Updates46:33 Final Grade for the Year----Not financial or tax advice. For educational purposes only.
Summary
Is the Bitcoin Low Really In?
Jul 800:39:27Summary readyBitcoin bounced, but the bottom still isn’t confirmed. Ryan and Mike unpack the missing coin-rotation signal, weak ETF and spot demand, Saylor’s BTC sale, and why $50K remains in play.----📣GALAXY | INSTITUTIONAL DIGITAL FINANCEhttps://bankless.cc/Galaxy ----🎯THE DEFI REPORT | FOLLOW & SUBSCRIBEhttps://thedefireport.cc/tdr-rsshttps://thedefireport.io/friendshttps://thedefireport.transistor.fm/https://x.com/the_defi_reporthttps://x.com/JustDeauIt----TIMESTAMPS0:00 Intro0:14 Bitcoin Low Or Not?5:06 Trench Revival In Crypto6:55 Why Mike Still Sees Lower12:59 The Coin Rotation Debate19:31 ETF Demand And Volume Check23:52 Saylor, Clarity, And Zcash34:25 Closing Bets And Performance Report----Not financial or tax advice. For educational purposes only.
Summary
Bitcoin’s Green Light…Buy Now or Wait for One More Flush?
Jul 100:37:41Summary readyBitcoin is back near historic buy-zone levels, but the bottom still isn’t confirmed. Ryan and Mike unpack the green-light indicators, the risk of one final flush, and what past cycles say about future returns.----📣GALAXY | INSTITUTIONAL DIGITAL FINANCEhttps://bankless.cc/Galaxy ----🎯THE DEFI REPORT | FOLLOW & SUBSCRIBEhttps://thedefireport.cc/tdr-ythttps://thedefireport.io/friendshttps://thedefireport.transistor.fm/https://x.com/the_defi_reporthttps://x.com/JustDeauIt----TIMESTAMPS0:00 Intro0:22 Bitcoin Buy Now Debate4:57 Key Cycle Indicators8:39 Rotation Still Missing14:50 Macro Risks Ahead27:02 Patience And Returns30:24 Price Levels To Watch35:11 Drawdown And Outlook36:48 More Reports Coming----Not financial or tax advice. For educational purposes only.
Summary
Why does BTC continue to track the 4-Year Cycle?
Jun 2400:46:57Summary readyBitcoin’s 4-year cycle may look arbitrary, but the data tells a deeper story. Ryan and Mike break down how leverage, credit, stablecoins, DeFi loans, miners, and Strategy drive crypto’s recurring booms and busts, and whether one final domino still needs to fall.----📣GALAXY | INSTITUTIONAL DIGITAL FINANCEhttps://bankless.cc/Galaxy ----🎯THE DEFI REPORT | FOLLOW & SUBSCRIBEhttps://thedefireport.cc/tdr-rsshttps://thedefireport.io/friendshttps://thedefireport.transistor.fm/https://x.com/the_defi_reporthttps://x.com/JustDeauIt----TIMESTAMPS0:00 Intro5:21 Bitcoin’s Capital Base15:00 Leverage Drives the Premium20:07 Stablecoins and VC Flow23:08 On-Chain Loan Cycles26:08 Perps and Treasury Leverage32:14 Deleveraging and Hidden Risks34:29 Miner Capitulation37:12 Why Four Years?40:08 ETH and Solana Positioning----Not financial or tax advice. For educational purposes only.
Summary
Bitcoin’s Bottom Case, ETF Outflows & The No-Buyers Problem
Jun 1700:44:42Summary readyBitcoin may be in the buy zone, but the demand signal still looks weak. David and Mike debate whether the bottom is already in, why ETF outflows and muted buyer interest matter, what realized losses and realized cap are signaling, and whether BTC needs one more painful reset before the next real opportunity.----📣GALAXY | INSTITUTIONAL DIGITAL FINANCEhttps://bankless.cc/Galaxy ----🎯THE DEFI REPORT | FOLLOW & SUBSCRIBEhttps://thedefireport.cc/tdr-ythttps://thedefireport.io/friendshttps://thedefireport.transistor.fm/https://x.com/the_defi_reporthttps://x.com/JustDeauIt----TIMESTAMPS0:00 Intro2:01 Pain, Patience, & Cycles5:03 Shallower Drawdowns?7:22 ETF Flows and Demand9:34 Saylor’s Canary15:32 Realized Losses Review23:00 Bitcoin Versus Nasdaq25:23 AI Bubble Meets Crypto28:37 Oil, War, & Inflation33:25 Hyperliquid’s Market Split38:28 $LIT & $WLD Momentum40:42 Pro Portfolio Playbook----Not financial or tax advice. For educational purposes only.
Summary
Has BTC Entered the "Buy Zone?"
Jun 1000:52:42Summary readyHas Bitcoin entered the buy zone, or is one final flush still ahead? Mike and Ryan break down why BTC under $67K looks attractive for long-term buyers, what realized losses and top-buyer cohorts reveal about seller exhaustion, and how AI weakness, inflation, and rising odds of Fed hikes could shape the next major move.----📣GALAXY | INSTITUTIONAL DIGITAL FINANCEhttps://bankless.cc/Galaxy ----🎯THE DEFI REPORT | FOLLOW & SUBSCRIBEhttps://thedefireport.cc/tdr-ythttps://thedefireport.io/friendshttps://thedefireport.transistor.fm/https://x.com/the_defi_reporthttps://x.com/JustDeauIt----TIMESTAMPS0:00 Intro1:39 False Bull Flag Revisited5:32 Tracking Deep Value Signals11:04 Strategy Fear & Unwind18:09 Who Is Buying Bitcoin?22:15 Signs of Seller Exhaustion25:08 Bitcoin Leads the Nasdaq26:33 AI Boom Or Bust35:58 Macro Risks & Inflation43:20 TDR Portfolio Strategy48:50 Buying Bitcoin Under 67K----Not financial or tax advice. For educational purposes only.
Summary
Bitcoin’s $60K Test Just Got More Serious
Jun 300:36:56Summary readyBitcoin is testing a critical zone, but this bear market is starting to look different. Mike and David break down why $60K may be the next major level, how Strategy’s first BTC sale and STRC stress could shake market confidence, why ETF outflows are piling up, and why assets like Zcash, HYPE, Lighter, and NEAR are breaking out while Bitcoin weakens.----📣GALAXY | INSTITUTIONAL DIGITAL FINANCEhttps://bankless.cc/Galaxy ----🎯THE DEFI REPORT | FOLLOW & SUBSCRIBEhttps://thedefireport.cc/tdr-rss https://thedefireport.io/friendshttps://thedefireport.transistor.fm/https://x.com/the_defi_reporthttps://x.com/JustDeauIt----TIMESTAMPS0:00 Intro1:22 Crypto Cycle Turning4:42 Bitcoin Near Key Support9:16 STRC Signals Stress20:42 ETF Outflows Mount23:58 Robinhood & Portfolio Bets28:49 DeFi Builders Gain Ground31:54 Bullish on Crypto Alpha35:24 Meme Coins Still Stick35:46 Closing & Disclaimers----Not financial or tax advice. For educational purposes only.
Summary