Yes it was 😂 I'd said "mostly up only imo" a few days ago. Unfortunately, think I was wrong. Had been writing to the group chat about how I felt the end of the season was nearly upon us, but thought we had at least one more good pump in us for now, and I bet on it. Prefer the word "season" to "cycle" as 4-year cycle was imo idiosyncratic to confluence of circumstances during those 4-year periods. Decreasing confidence shock now may be enough to temporarily override ongoing buys by titans like dats, tether, binance, etc. They buy billions but this is a 4 trillion market. Keep in mind this is if macro continues well, and it may not, could add fuel to fire. Industry structure is changed now and unless there is a significant and sustained macro crash, it's hard to see a bear much longer than 3-6 months for us. There's going to be too many ongoing surprises to the upside in terms of adoption, especially for Ethereum. 0-2 months: likely ongoing secular risk off Start in 1-6 months:...
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