03 Dec 2025

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

Podcast cover

Bankless

Ryan Sean Adams and Michael Nadeau discuss the current state of the crypto market, noting the recent price declines and the shift in investor sentiment towards acceptance of a potential bear market. Michael shares his data-driven approach to cycle investing, emphasizing the importance of on-chain data, particularly long-term holder activity, in predicting market movements. They analyze past market behavior, discuss key performance indicators, and explore the influence of global liquidity on crypto's future. Michael outlines his strategy for navigating the bear market, including maintaining a high cash position and identifying undervalued assets with strong fundamentals for potential future investment, while also sharing insights on when he might consider re-entering the market based on specific price points and metrics.

Outlines

Part 1: Market Overview and Bear Market Confirmation

Part 2: Cycle Analysis and Key Indicators

Part 3: Macro Factors and Investment Strategies

Part 4: Navigating the Bear Market

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