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GM, Good monday to one and all. Are we in a bear market? Yes, we are and we have been for some time already. The truth is the bottom most likely hasn’t happened yet. I would expect that to be much closer to the previous ATH of 20k. And that will hurt. Details on losses incurred by large VC holdings thanks to the Luna crash have been hard to find but the data doesn’t look great for Hashed who were staking around 50m Luna which would have been worth around $3.5bn back in April. Ouch.

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