BlockBeats News, November 21st, Alliance DAO co-founder QwQiao reiterated his view in a post, “The next bear market (whenever that may come) will be worse than what most people here expect. Right now, there is a large group of ‘dumb money’ who know nothing about crypto buying spot and ETFs. Such a situation has never had a good outcome.”
The market may need another 50% deep retracement to ‘shake out’ the positions held by these people before the market can reestablish a solid foundation and continue its super cycle.”
Placeholder partner Chris Burniske also expressed a similar view, stating, “The era of DAT selling has only just begun. Just as it rose all the way, it will now fall all the way.”
