PSA: the next bull run started 6 months ago for BTC and ETH (and the next cycle of adoption is already happening on Ethereum L2s).

People always ask, how do you know when the bear market has ended?

This, this is what it feels like. The truth is it’s only ever obvious in hindsight. We’re now six months into BTC and ETH pushing off the bottom and beginning to consolidate momentum.

In terms of activity, Ethereum L2s are seeing significant growth and adoption - and the usage and speculation that will carry us into the next cycle is already here.

Amongst a sea of ongoing doom and gloom (and sure, maybe a lot of ecosystems and tokens don’t survive into the next cycle), it can be difficult to spot the forest for the trees, but make no mistake, we’ve already passed the cycle low.

Follow the devs and builders, keep a close eye on onchain data and fundamentals, and don’t forget to sell the top!

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