Structurally this bear market is much different than 2018 and you would expect as much with a larger market audience involved and size of $$$ floating about.
Although the bottom of the industry should have occurred November 2022 when SBF and FTX along with many other firms were going under, Ether price acted almost as if nothing was going on.
Just about 1 year exactly after the ATH is when bottoms have formed in the past so everything lines up except for the price...
This leads me to believe that overall liquidity and economic conditions play more of a role in crypto cycles than any industry specific event which makes sense. Crypto is a global phenomenon so while many were affected by the blowups many were not.
Everyone is affected by global economic conditions determined by the Fed, something much bigger is on the horizon IMO
This is how I will play it as well
Although the bottom of the industry should have occurred November 2022 when SBF and FTX along with many other firms were going under, Ether price acted almost as if nothing was going on.
Just about 1 year exactly after the ATH is when bottoms have formed in the past so everything lines up except for the price...
This leads me to believe that overall liquidity and economic conditions play more of a role in crypto cycles than any industry specific event which makes sense. Crypto is a global phenomenon so while many were affected by the blowups many were not.
Everyone is affected by global economic conditions determined by the Fed, something much bigger is on the horizon IMO
This is how I will play it as well