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There’s no liquidity in the market—don’t rush to blame someone else.
A big portion of it, in fact, has been donated away by everyone.
gg donated more than ten million,
and bags—add them up before and after—also comes to about ten million,
plus a bunch of smaller, scattered millions.
These funds originally could have stayed inside the market to create a positive feedback loop,
to back the narrative, and amplify the trend.
Well now—it's all gone to web2.
The market is no longer the way I know it,
maybe I’ve been out of touch for too long and got wiped out by the market.