

Will Crypto Peak in 2025 or 2026? Onchain Data Signals | Michael Nadeau’s DeFi Report #5
114 snips Aug 26, 2025
Michael Nadeau, a writer at The DeFi Report specializing in onchain data analysis, joins to explore when the next crypto peak will happen—2025 or 2026. They discuss the implications of Powell's dovish stance, global liquidity trends, and the impact of bank lending standards on market sentiment. Nadeau highlights whale activity in Bitcoin, the breakout of ETH, and shifting altcoin dynamics. He shares insights on effective portfolio strategies, stressing the importance of conviction in high-quality assets and the risks of over-diversification.
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Rising Global Liquidity Supports Risk On
- Global liquidity is rising and remains correlated with Bitcoin, supporting continued risk-on sentiment.
- Expect a 6–8 week lag before liquidity changes show in markets.
AI Productivity Not Fully Priced In
- MAG7 valuations are off peak and mid/small caps look historically normal or compressed.
- AI's productivity gains may not yet be priced into broader market valuations.
Easing Bank Standards Create Dry Powder
- Banks are easing lending standards but loan growth remains muted, leaving dry powder to deploy.
- That latent lending capacity could amplify liquidity if demand materializes.