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Gold|Jan 23, 2025 05:32
Things aren't looking great CEX wise. The market is looking pretty heavy.
This bull market has been extremely underwhelming overall despite being my most profitable year yet. Things are definitely shifting.
The alt season isn't coming in the way people are used to. It's all happened on chain. But the difference is that onchain gains get roundtripped 10x faster than on CEX due to the pvp nature of it. For a sustained marketwide alt season we needed people to believe in something for the mid term.. not just get rugged within 24 hours
I'm bearish for sure, it's definitely disappointing to see how the market is progressing. Holding anything on spot this cycle has purely been a way to go broke
There is no new and clear narrative, the level of grift is getting unreal... People making tokens on deceased peoples account. The market looks exhausted.
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