Lei's vote is very meaningful. There are also a lot of underwater positions in the crypto market, waiting for a bull market
I think the crypto market's numbers should be even more extreme than this US stock market data. As I've mentioned several times before, $BTC , $ETH —there's now a huge amount of overhead supply
Just a few days ago, the KOLs who were saying a bull run was coming were raking in traffic. Now they've conveniently gone quiet, while retail investors who bought in are still stuck, dreaming of a bull market
The worse news is that crypto has been holding up pretty well lately, right?
It could very well play catch-up on the downside
I think the crypto market's numbers should be even more extreme than this US stock market data. As I've mentioned several times before, $BTC , $ETH —there's now a huge amount of overhead supply
Just a few days ago, the KOLs who were saying a bull run was coming were raking in traffic. Now they've conveniently gone quiet, while retail investors who bought in are still stuck, dreaming of a bull market
The worse news is that crypto has been holding up pretty well lately, right?
It could very well play catch-up on the downside
