X @Wu Blockchain

Alliance DAO co-founder QwQiao tweeted reiterating his view that the next bear market (timing unknown) will be worse than most people here expect. A large cohort of “dumb money” who know nothing about crypto is buying spot and ETFs, which never ends well. The market may need another roughly 50% drop while these people liquidate their positions before a strong foundation can form and the supercycle can resume. Additionally, Placeholder partner Chris Burniske tweeted that the era of DAT selling has only just ...