Airdrops, TGEs, jobs, and narratives are downstream of speculative surplus. Speculative surplus comes after the asset reprices, not before. We’re in the first part. The list is just people waiting for the second.
Weirdest Bull Market:
No TGE
No Jobs
No Airdrops
No narratives
No new users
No easy money
No one is building
No new opportunities
No one knows what’s happening