Strategist Warns Crypto Oversupply Could Force $10K Bitcoin Reset

TL;DR:

Bitcoin’s explosive rally may have gone too far, with oversupply, rising volatility risk, and shifting macro forces setting the stage for a major reset that could redefine crypto’s next cycle, according to a Bloomberg Intelligence outlook. Bloomberg Intelligence: Oversupplied Crypto Markets Risk Maj...

Key Points:

Background:

Decentralized Finance (DeFi) refers to financial services built on blockchain networks that operate without traditional intermediaries like banks. DeFi protocols enable lending, borrowing, trading, and earning yield on cryptocurrency assets through smart contracts.

Why It Matters:

DeFi represents a fundamental reimagining of the financial system, offering permissionless access to financial services globally. DeFi developments impact how value is exchanged, stored, and utilized in the crypto ecosystem, driving innovation in financial products and services.