This inflection point moment could have major implications for where markets head nextThis episode is sponsored by Nexo.io.Coinbase is set to go public via direct listing on Wednesday.In today’s episode, NLW breaks down why this is the current bull market’s first big test, looking at:Mainstream narratives Institutional liquidity Retail participation Spillover effects The direction in which we head next What’s clear is that this bull run does not equal 2017 and will be shaped by a largely different set of forces. Byzantine General’s overview thread: https://twitter.com/ByzGeneral/status/1381095621017354240-Nexo.io lets you borrow against your crypto at 5.9% APR, earn up to 12% on your idle assets, and exchange instantly between 75+ market pairs with the tap of a button. Get started at nexo.io.-Join thousands of newsmakers and influencers talking the future of money at Consensus 2021, a live virtual experience from CoinDesk. (Use discount code "BREAKDOWN" to save $25!) Image credit: Steve Jennings/Getty Images for TechCrunch and Overearth/iStock/Getty Images PlusSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.