Wu Blockchain (@WuBlockchain): 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 l…
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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 begun; just as it went up, it will go down. https://t.co/vH2FX46A1C https://t.co/0e5woFMyed