Out skiing again, chilling at the Arc'teryx café, scrolling through Twitter while I’m at it. This month, I’ve clearly noticed way fewer people from the Chinese crypto community on Twitter. Instead, it’s mostly some active MCN matrix accounts running in bulk... When I first got into the space, it was at the tail end of a bull market, and then we entered a two-to-three-year bear market. But this current bear market feels completely different from the one I experienced before. The main feeling is that the narrative is even more exhausted. During the previous bear market, there were still plenty of things to play around with, but recently, I’ve asked friends around me, and most of them have basically given up. Even a few big studios are taking a break. What the market will look like next year is anyone’s guess. The road ahead is unknown, but for now, the only thing we can do is stay in the game and keep our ammo ready.