The bull market is more painful than the bear market.
This industry has basically come to an end. After so many years of cutting, polarization is getting more and more serious. All the money has gone to a few people. There is no new capital inflow, and it can only self-destruct in the end.
From the birth of Bitcoin in 2008 to now in 2024, blockchain projects have always been hype, and even a criminal tool for fraud. One project after another has been issued, but there is no actual value, no actual content, just cheating you.
This decentralized revolution has eventually become a party for speculators and a slaughterhouse for VC exchanges.