April has been a tough month as the majors have ground down and alts have been completely decimated. This is a tough watch for many people participating in this market who can’t bear watching their net worth being destroyed as they hold illiquid alts that have gone down 50-70% in value.
What does this lead to?
People claim that they will touch grass because they can’t stand watching it anymore. This form of time-based capitulation is one of the better bottom signals. The time to take maximum risk is when people are capitulating and the recipe for an on-chain season is there. Let’s dive into what is interesting and should provide incredible opportunities.