@ghettomasa
If 125K was the top, then this was the first cycle with:
• Few majors making convincing ATHs
• No alt season
• No new narrative that stuck
• No new blood
• VCs completely missing the cycle
Allocators retreat to BTC, ETH, stables.
Naysayers get vindicated.
And maybe we don’t get another chance.
https://paragraph.com/@sayless/crypto-cycle-post-mortem