The thesis that the harder it falls, the harder it rises is true, but the bottom of the decline is unpredictable...
A large LONG position emerges after every decline. $BTC's decline to $88,000 made a big cleanup, but new positions continue to be opened on the futures side.
It would be wrong to read the markets only through futures. Altcoins are about to run out. Investors are fleeing. The crypto fear index is at rock bottom.
It makes no sense to make a prediction at this point. It's as risky as rolling dice... We are on the investment side of the business. We are on the long-term, correct project investments side. We are on the spot side.
I don't think there are any investors left on the futures side who haven't been liquidated. They have even exhausted long-term investors on the spot side. Memecoins have reached a level where they will be liq even in spot...