In accordance with BitPush, after Bitcoin dropped below $90,000, many builders expressed a surprising sentiment: they hope for a prolonged 'real bear market.' The article outlines four key reasons behind this view. First, the current bull market has been fragmented into short-lived trends, such as inscriptions, Layer2 narratives, and AI Agent MEME assets, lacking the sustained innovation seen in past cycles like DeFi Summer or NFT mainstreaming. Second, the rise of MEME culture has created a 'narrative black hole,' overshadowing technological innovation and reducing market patience for understanding complex concepts like decentralized sequencers or ZK coprocessors. Third, liquidity windows are too short for long-term projects, allowing speculative projects to siphon off capital before value-driven projects can mature. Finally, the fast-paced environment discourages long-term innovation, as projects are pressured to launch quickly rather than focus on product-market fit. Builders argue that a deep bear market could help eliminate noise and allow true innovation to thrive.
BTC Falls Below $90,000: Why Builders Are Calling for a 'Real Bear Market'
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