On-chain rotations are faster than ever - People's holding time significantly decreasing --> no one believes anymore - Same people in the trenches PVPing one another --> no new entrants/capital - Cabals rule the game now rather than things picking up organically - Lack of bigger funds to prop us all up (3AC/Alameda type of size lacking) while funds are doing DATs now - Narrative been the same and reused for the past 5 years (tokenizing yet another viral meme, memefication of another animal, cabal launches with supply control) - Money made on bigger plays not coming back on-chain, liquidity dried up - The game has been solved Either you - Increase your screen time and play the rotations - Sit out and wait for a thematic meta breaker - Wait for better conditions to play (PVE coins) imo better to protect your capital and just risk max 5-10% of your port for now