Bitcoin may be entering the final stretch of the bear market, but macro risks are starting to build. Mike and Ryan break down the Treasury’s new “QE Lite” play, why 30-year yields are breaking to 20-year highs, and how intervention in the yen could ripple across global markets. They also cover gold’s latest surge, Bitcoin’s key cycle levels, and whether one final risk-off move could send BTC toward deep value territory before the next expansion.

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TIMESTAMPS

0:00 Intro

0:14 Bear Market Finale Setup

3:33 On-Chain Cohorts & Capitulation

10:09 Weak Volumes, Miner Selling

13:30 Inflation, Yen, & Gold

17:53 Treasury Yields Break Higher

26:04 Yen And Nasdaq Divergence

32:11 Bitcoin Price Scenarios Ahead

38:20 Pump Thesis & Cycle Upside

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Not financial or tax advice. For educational purposes only.

The 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.

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🎯THE DEFI REPORT | FOLLOW & SUBSCRIBE

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TIMESTAMPS

0:00 Intro

0:21 NASDAQ vs Bitcoin

2:04 Market Whipsaw Explained

6:32 Bitcoin Cycle Check

13:16 Strategy’s Bitcoin Stress

16:06 Bitcoin Dominance Shift

22:39 Bitcoin Versus QQQ

26:43 Fed Lets Yields Run

34:39 Staying Patient Into Year-End

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Not financial or tax advice. For educational purposes only.

The 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.

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🎯THE DEFI REPORT | FOLLOW & SUBSCRIBE

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https://thedefireport.transistor.fm/

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TIMESTAMPS

0:00 Intro

0:17 Fed Hike Shock Ahead

2:36 Market Signals Tighten

6:37 Fed Independence Questioned

11:10 Economy Under Pressure

16:32 Housing Fault Lines

21:14 Dollar Strength Warning

24:17 After the Sell-Off

28:40 Global Liquidity Outlook

31:00 Portfolio Patience

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Not financial or tax advice. For educational purposes only.