Ben Cowen: Why Altseason Needs a Crisis First
The advance-decline index for the top 100 cryptocurrencies has been trending down since 2021.
“Most cryptocurrencies have been going down rather than up since 2021.”
Everyone wants 2020-2021 back, but that only happened after a crisis justified the money printing that pushed global net liquidity to all time highs.
“It doesn’t mean you can’t have a bull market... but I wouldn’t expect a full blown Altseason” until liquidity actually returns.
We’re stuck in a catch-22 until the printers come back on. 🎬
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