1/🧵 20 months ago, the bear market in both the Crypto and Traditional markets (S&P 500) began. The bear market almost completely erased all the gains that were made during the Covid-19 pandemic.
#threadstorm #outreach #threads
1/🧵 20 months ago, the bear market in both the Crypto and Traditional markets (S&P 500) began. The bear market almost completely erased all the gains that were made during the Covid-19 pandemic.
#threadstorm #outreach #threads
2/🧵For some assets like Luna, Celsius, and FTX in the crypto market, and banks like Credit Suisse in the traditional markets, it resulted in significant losses.
3/🧵 At that time, everyone, including myself, was expecting the US economy to enter a recession. While it technically happened, a lot of data are now showing that the economy is not anywhere near a recession
4/🧵 However, there are also many alarming signals pointing to a grim macro picture. Despite this, it appears that the Federal Reserve Bank policymakers have stopped worrying about inflation as much.
5/🧵 The question remains: is this the beginning of a bull market or just another pump-and-dump scheme aimed at draining liquidity?
https://leofinance.io/@steemychicken1/bullrun-or-bear-market-rally-
#hive #gosh @leofinance
Honestly I was expecting a much harder crash to the US economy