One observation I've made since coming to web3:

In the first half of 2022, interest rate hikes were fine, wasn't 2017's rate hike also a bull market?

From mid-2022 to the end of the year, interest rate hikes wouldn't really matter, right? But then interest rate hikes really did matter! Not optimistic about 2023!

In the first half of 2023, how can we still be in an interest rate hike cycle, yet Bitcoin has risen?

From mid-2023 to the third quarter, interest rate hikes seem fine, but why did 🌿 drop again?

In the fourth quarter of 2023, it seems that interest rate hikes do matter, not optimistic about the fourth quarter.