While insiders keep smiling through gritted teeth and mainstream outlets paint a relentlessly bullish picture, the reality on the ground is far darker. The crypto market is deep into a prolonged, brutal winter — one that few dare to name out loud. Everything looks fine… until the “unexpected” black swan arrives.
In this article we break down exactly what that black swan is made of — a series of dry, inconvenient facts that leave no stone standing in the carefully constructed pyramid built on sand.
1. The Number of Crypto Projects Is Collapsing
