“Is that safe?” For any cryptoin vests with remaining cash, it is the central question after the collapse of prices.

10x Research’s Markus Thielen was correct Bearish on his way into this latest downturn, and he’s not yet ready to buy dip.

Like the speculative bubble in Defi/NFTs that collapsed after the 2021 bull market (by making a blow to ETH from which it has still not recovered), there has been a similar collapse in Memecoins this time, which has not punished Solanas (sun), but a number of affiliated tokens, Thielen argued.

“This structural decline indicates a weakening foundation, which now makes a time to
Caution – not complacency, “Thielen wrote in a Tuesday report.” Bitcoin (BTC) is steadily on the way to $ 73,000 … If the story is any guide, the next major (up) movement requires a new tale. “