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“This was the shittiest bull market ever.”“There was no euphoric blow off.”“There was no this is the top moment.”"Just rotating L1s, dying memes, failed perp chains..."“Every pump is sold into, every break out got front run, retail never really entered in size.”Do you feel it too? ...

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Last cycle:Long-term holders realized $500 billion in profit.This cycle:They’ve already cashed out $900 billion.If we’re already this late in the cycle, can we really go into another phase?Who’s the buyer now?w/ Michael Nadeau ( @JustDeauIt ) from @the_defi_report https://t.co/qwtDcxsdM6 ...

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"For every ETH that’s sitting on an exchange there’s another ETH of leverage in the market. So you basically got twice as much long exposure than there is of actual ETH collateral.”- Michael Nadeau ( @JustDeauIt ) from @the_defi_reportWe have never seen that in previous cycles and that's how you get these crazy liquidations.Massive DATs like $BMNR, $SBET and $BTBT are giving traders a lot of confidence to put on leverage.Most of that story is behind us.Now what's going to be the next catalyst that takes us ...

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“If you have a lot of leverage building up and you’re not seeing sort of strength behind that is when you get these potential air pockets.”Trading and ETF volumes are low. Active users are low.We're not seeing a lot of interest in the degen layer. No memecoins, no alts."The market’s tilted heavily towards risk with all the leverage but I’m seeing weakness underneath that."- Michael Nadeau ( @JustDeauIt ) from @the_defi_report ...

Coinbase's new DEX offering lets U.S. users (except NY) trade Base tokens directly, skipping external wallets.Despite the Blue Carpet program, manual listings still limit options — so DEX trading closes the gap.Here’s how to get started with this new feature👇~~ Guide by @wmpeaster ~~How Coinbase DEX WorksCoinbase DEX lives inside the regular @coinbase app, but trades here happen onchain rather than in Coinbase's order books. Only @base tokens are supported for now, with more networks slated to be added over ...

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