Crypto VC capital is shrinking, and $BTC is feeling the chill ◼

When a16z, Paradigm, Pantera, and Multicoin all show softer AUM, the message is simple: liquidity is getting more selective, not more generous. Capital is being returned, portfolios are being marked down, and that usually means whales are still in digest mode rather than chasing the next high-beta leg. Until fresh risk appetite shows up, the market may keep breathing with a tighter pulse.

Not financial advice. Manage your risk and protect your capital.

#Crypto #Bitcoin #Web3 #VentureCapital

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