CRYPTO Always Feels Broken Right Before IT ISN'T (This Time NOT DIFFERENT) I think a lot of the frustration in crypto right now comes from misunderstanding where we actually are in the cycle. We’ve been in contraction for a long time. A 3 year liquidity drain that JUST ended days ago. That shows up in PMI, business activity, and price. But just moving from “getting worse” to “not getting worse” has historically been enough to set the stage for the next phase. Not typically the beginning of a bear market. That’s the lens I’m looking through right now. Intro 00:00 Bitwise predicts ATH 2:15 Understanding the PMI 3:35 Altcoin charts and bull vs. bear 9:00(Dan Gambardello)