Not a Bull Market, Not a Bear Market, but a Third Thing

Have we even had a bull market? Sure, BTC has had a good year, SOL and memes have done well, but everything else has been absolutely destroyed. Modular sector is -50% YTD, ETH DeFi is down, Cosmos has been obliterated, the list goes on.

 

I had this tweet the other day. Since the market selloff was purely macro driven, wouldn’t the disper

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