TL;DR
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Chainalysis just released some new data that sent us on a rollercoaster of emotional sentiment shifts.
And it went something like this…
Glass half full:
In 2023, crypto investors realized $38B worth of profits (nice!).
Glass half empty:
This wouldn’t have done too much to help the $127B worth of recorded losses in 2022 (oooft!).
Glass half full:
There’s a good chance people could have taken more profits in 2023 (and made back their 2022 losses), but were patiently holding out for the expected 2024/2025 bull run.
Glass full to the brim and spilling over:
The crypto market has grown by 1 TRILLION dollars in 2024, and we’re not even half way through March just yet.
So when those profits are realized (aka those cryptocurrencies are converted into stablecoins), investors should be flush again.
We — and this cannot be stressed enough — love to see it.
