🚨 DeFi TVL down 10% today

Exploits hitting multiple protocols back-to-back. Not just capital leaving — trust is eroding.

When TVL bleeds this fast across verticals, it's not a dip. It's a confidence crisis.

The narrative shifts from "DeFi summer" to "when's the next rug?" real quick.

Watch for:

• Protocol teams scrambling with audits

• VCs quietly rotating into safer plays

• Liquidity drying up on smaller chains

This is how bear market psychology sets in. Not with a crash. With slow, persistent doubt.