On midterm election night, the entire market was hammered to a 7-week low. The next day, the first to bounce back was surprisingly DeFi. The CoinDesk DeFi Index rose about 5% in a day, with all 7 constituents in the green. Leading the pack was $INJ : currently around $7.6–$7.7, up about 6%–9% in 24 hours. 10,000 U yesterday would be worth about 10,600–10,900 U today. But don’t get carried away—INJ is still down about 8.6% over 7 days and 4.5% over 30 days. This is just an oversold bounce, not a trend reversal. The broader market is still waiting on Friday’s nonfarm payrolls and ETFs to stop the bleeding, while DeFi has already voted with real money. Buying the dip is fine, but don’t mistake a rebound for a bull market. #DeFi