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

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