Don't blame the outrageous market prices; most of the time, they honestly reflect the current state of supply and demand—it's just that you haven't recognized which cycle you are in.
In the last bull market, projects flooded the market, and a frenzy of financing swept through, with the entire network in a windfall. But user growth did not keep pace; demand lagged, and supply was severely excessive, marking the beginning of a bubble accumulation.
Now, the bubble is being liquidated:
📉 A mess of copycats, teams running away, and broken funding chains;
🪦 Projects are dying like mushrooms after rain, with the supply side being 'naturally selected';
🔄 Once the supply and demand relationship is restructured, prices will rebound like a spring back to their original position, or even rise beyond expectations.
Cycles are never driven by emotions; they are rooted in the industry structure.
From Bitcoin to altcoins, from certain projects to others, every rise and fall we see is a deep resource redistribution behind the scenes.
Don't be fooled by the current slump; it is actually a critical window for chip restructuring and capital turnover. Those who can endure the silence will be the ones worthy of taking off.
You are not waiting for the market; you are waiting for the rebirth of supply and demand.
