Bitcoin is stuck in a quiet range, but the signals are getting louder. Mike and Ryan break down why the mini altcoin rally may be a head fake, what realized losses suggest about Bitcoin’s unfinished pain, why ETF outflows and Saylor’s bond move matter, and the macro risks that could force another leg lower.

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TIMESTAMPS

0:00 Intro
3:46 Altcoin Hype or Head Fake?
13:06 Measuring Bitcoin Bear Market Pain
22:50 ETF Outflows & Whale Selling
29:25 Iran, Inflation, & Macro Risks
37:35 Bitcoin Levels and Summer Positioning
42:55 Closing & Disclaimers

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Not financial or tax advice. For educational purposes only.

Bitcoin may have already hit its cycle low, but the confirmation signal still hasn’t fired. Mike and Ryan break down the bull case for a $60K bottom, why realized cap and supply in profit matter, what top-buyer cohorts are still signaling, and how inflation, rising yields, and a potential Fed hike could force one more drop.

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📣GALAXY | INSTITUTIONAL DIGITAL FINANCE

https://bankless.cc/Galaxy

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🎯THE DEFI REPORT | FOLLOW & SUBSCRIBE

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https://x.com/the_defi_report

https://x.com/JustDeauIt

The Watch List: Zcash (ZEC)

https://thedefireport.io/research/the-watch-list-zcash-zec

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TIMESTAMPS

0:00 Intro

4:16 Realized Cap Signals

12:17 Supply Profit Check

14:11 RSI & Cycle Lows

18:01 Coins Still Need Rotation

20:51 Inflation & Yields

31:00 Key Levels & Scenarios

34:17 Altcoin Rotation Watch

36:52 Closing & Disclaimers

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Not financial or tax advice. For educational purposes only.

Bitcoin just closed above a key bear market resistance level, but Mike still isn’t ready to call a regime shift. Ryan and Mike break down why this rally looks stretched, what $79K, $82.7K, and $85K are signaling, how weak spot volume and rising macro risk could slow momentum, and why June may be the real test for bulls.

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📣GALAXY | INSTITUTIONAL DIGITAL FINANCE

https://bankless.cc/Galaxy

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🎯THE DEFI REPORT | FOLLOW & SUBSCRIBE

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https://thedefireport.transistor.fm/

https://x.com/the_defi_report

https://x.com/JustDeauIt

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TIMESTAMPS

0:00 Intro

1:45 Bear Market Symmetry

6:00 Comparing Past Cycles

14:05 Who’s Selling at 80K?

19:23 Weak Market Conditions

23:10 Momentum Starts Fading

27:37 June’s Historical Weakness

29:12 Key Bitcoin Price Levels

32:40 Closing & Disclaimers

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Not financial or tax advice. For educational purposes only.