There is extreme fear in the market

This is the first time in a very long time I’ve felt a little uneasy about price action. We’re seeing Btc and Eth get rekt and alts absolutely beaten down. Usually crashes and negative price action do nothing to my emotions, but lately I’ve been a bit uneasy. To me, this could be a sign we’re nearing the bottom. Of course no one knows where the exact bottom is but the FTX debacle definitely brought forth at least partial capitulation.

Anyways, do you guys think more pain is coming? If so why?

This is the first time crypto is going through a macroeconomic crisis (recession) and we’re entering uncharted territory.

This is not meant as FUD and I’m actually accumulating right now. Anyways, just my thoughts on what is going on in the market.