As everyone is well aware eth has gone from roughly $1000 to just under $1500 within the span of 2 days regarding eth 2.0 merge announcement. That has brought some hype back into the crypto market since this bear market we have been in since November. I don’t want to be the bearer of bad news but just keep in mind that the macro economy as a whole still sucks.
Once July 28th comes around (I believe) we will most likely be in a confirmed recession (although everyone practically knows we are in one now). With gas prices going up, inflation, growing tensions in China, still the war going on with Russia and Ukrainian, we are not in the clear yet.
It seems once we have Green Day’s this sub goes from being flooded with bears to bulls, but I’m just looking at the bigger picture. No one can predict the bottom of the crypto market, but by looking at the externalities, it is not in favor AS OF YET, of bullish sentiment.
This is just a friendly reminder to not get blinded by the hype but to look at the facts.
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