Answer me this Pengu.
How is sentiment this disconnected from price?
During FTX, both sentiment and prices across the board were at absolute bottom.
They moved together.
Today they don’t.
If sentiment is supposedly terrible, why are prices semi good?
Is the negativity coming from a cohort that has been getting dragged for months and is still underwater?
If that is the case, then who is holding the line right now, and what does their sentiment actually look like?
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