Personally I think it the other way round; DeFi-based token being over-extended and begun selling off, that has caused Ethereum to pump in price. Although the Ether locked in DeFi is still high around 3.9 million (3% of supply), approximately $1 billion, so this may only be the beginning of the sell-off, with current surge in price being based on speculation of a DeFi sell-off, rather than caused by the actual sell-off (which would make this situation even more bullish imo!). Note that in comparison there are only 17K BTC (0.08% of supply) locked into DeFi right now, approximately $172 million. ETHBTC is also now back above it's 200 Week MA, which seems somewhat predictable.
This is why I felt Ether would rise in price recently, as a sell-off in DeFi is more likely to benefit Ether than Bitcoin based on these metrics alone (by a factor >30:1). Fortunately this isn't like ICOs in 2018 whereby Ether is raised then dumped on the market into $fiat, but instead it's Ether that's ready to be sold back into liquid Ether (in my mind at least).
in 2018 there was no coment because I enjoyed it and the guide was quite large
