gm gm frens This has been worst crypto cycle I have seen in 9 years and even RWAs didn’t get spared 💔 Altcoin Season Index at a record low 16 They call it a Bitcoin season while BTC dumped from $126k to $80.6k. in last 90 days 80% of top 100 alts down 25%+ 50% down 50%+ Even safe narrative RWAs got crushed RWAs were supposed to be institutional bridge Real yield Real assets Real demand but Instead Overvalued RWA launches Massive unlocks hitting thin liquidity Funds shorting spot via perps Zero protection for long-term holders Q4 was meant to breakout for RWAs Instead, longs got liquidated, retail got rinsed, and confidence evaporated price action isn’t normal, It’s not fundamentals failing It’s structure + leverage + extraction RWAs aren’t dead but this market is making damn sure weak hands are gone first 😡(Justin Wu)