The DeFi Report

Mike opens the books on TDR Pro’s first year: a portfolio up 13% through a crypto bear market, 53% realized gains, and a timely risk-off call before Bitcoin fell 45%. Ryan and Mike audit the wins, misses, and process behind the performance.
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📣GALAXY | INSTITUTIONAL DIGITAL FINANCE
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TIMESTAMPS

0:00 Intro
5:12 Portfolio Goals and Sleep Well
10:46 Realized Gains and Bitcoin Alpha
13:50 Unrealized Gains in Bear Market
17:30 Lessons From the Bull Run
23:34 Misses, Lessons, and Flexibility
31:01 Current Portfolio Sectors
36:52 Using TDR Pro With AI
42:57 Transparency and Performance Updates
46:33 Final Grade for the Year

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Not financial or tax advice. For educational purposes only.

Bitcoin bounced, but the bottom still isn’t confirmed. Ryan and Mike unpack the missing coin-rotation signal, weak ETF and spot demand, Saylor’s BTC sale, and why $50K remains in play.
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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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TIMESTAMPS

0:00 Intro
0:14 Bitcoin Low Or Not?
5:06 Trench Revival In Crypto
6:55 Why Mike Still Sees Lower
12:59 The Coin Rotation Debate
19:31 ETF Demand And Volume Check
23:52 Saylor, Clarity, And Zcash
34:25 Closing Bets And Performance Report

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Not financial or tax advice. For educational purposes only.

Bitcoin is back near historic buy-zone levels, but the bottom still isn’t confirmed. Ryan and Mike unpack the green-light indicators, the risk of one final flush, and what past cycles say about future returns.
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📣GALAXY | INSTITUTIONAL DIGITAL FINANCE
https://bankless.cc/Galaxy             

----
🎯THE DEFI REPORT | FOLLOW & SUBSCRIBE
https://thedefireport.cc/tdr-yt
https://thedefireport.io/friends
https://thedefireport.transistor.fm/
https://x.com/the_defi_report
https://x.com/JustDeauIt

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TIMESTAMPS

0:00 Intro
0:22 Bitcoin Buy Now Debate
4:57 Key Cycle Indicators
8:39 Rotation Still Missing
14:50 Macro Risks Ahead
27:02 Patience And Returns
30:24 Price Levels To Watch
35:11 Drawdown And Outlook
36:48 More Reports Coming

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Not financial or tax advice. For educational purposes only.

Bitcoin’s 4-year cycle may look arbitrary, but the data tells a deeper story. Ryan and Mike break down how leverage, credit, stablecoins, DeFi loans, miners, and Strategy drive crypto’s recurring booms and busts, and whether one final domino still needs to fall.
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📣GALAXY | INSTITUTIONAL DIGITAL FINANCE
https://bankless.cc/Galaxy            

----
🎯THE DEFI REPORT | FOLLOW & SUBSCRIBE
https://thedefireport.cc/tdr-rss
https://thedefireport.io/friends
https://thedefireport.transistor.fm/
https://x.com/the_defi_report
https://x.com/JustDeauIt

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TIMESTAMPS

0:00 Intro
5:21 Bitcoin’s Capital Base
15:00 Leverage Drives the Premium
20:07 Stablecoins and VC Flow
23:08 On-Chain Loan Cycles
26:08 Perps and Treasury Leverage
32:14 Deleveraging and Hidden Risks
34:29 Miner Capitulation
37:12 Why Four Years?
40:08 ETH and Solana Positioning

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Not financial or tax advice. For educational purposes only.

Bitcoin may be in the buy zone, but the demand signal still looks weak. David and Mike debate whether the bottom is already in, why ETF outflows and muted buyer interest matter, what realized losses and realized cap are signaling, and whether BTC needs one more painful reset before the next real opportunity.
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📣GALAXY | INSTITUTIONAL DIGITAL FINANCE
https://bankless.cc/Galaxy          
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🎯THE DEFI REPORT | FOLLOW & SUBSCRIBE
https://thedefireport.cc/tdr-yt
https://thedefireport.io/friends
https://thedefireport.transistor.fm/
https://x.com/the_defi_report
https://x.com/JustDeauIt
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TIMESTAMPS
0:00 Intro
2:01 Pain, Patience, & Cycles
5:03 Shallower Drawdowns?
7:22 ETF Flows and Demand
9:34 Saylor’s Canary
15:32 Realized Losses Review
23:00 Bitcoin Versus Nasdaq
25:23 AI Bubble Meets Crypto
28:37 Oil, War, & Inflation
33:25 Hyperliquid’s Market Split
38:28 $LIT & $WLD Momentum
40:42 Pro Portfolio Playbook
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Not financial or tax advice. For educational purposes only.