it does not feel like a bear market 
it does not feel like a bull market 

it feels like a weird third thing

I strongly believe that this surge started with the failures of SVB, Signature, and Credit Suisse.

> $2T in unrealized looses are on the books of many financial institutions.

Concerns about insolvency are driving liquidity to BTC. FOMO is driving the rest.

lore @optimism | ex: @coinbase | views are my own | what if it all worked out? 

I strongly believe that this surge started with the failures of SVB, Signature, and Credit Suisse.

> $2T in unrealized looses are on the books of many financial institutions.

Concerns about insolvency are driving liquidity to BTC. FOMO is driving the rest.

https://www.gsb.stanford.edu/gsb-box/route-download/621098