THE VC ACTIVITY CHART SHOWS US WHAT STAGE OF THE CYCLE WE ARE IN?

Venture capital funding in crypto is starting to return, but the number of deals is still low.

This means that the money hasn’t disappeared. It’s just being more cautious.

Funds are no longer diving into every token or trend like in the previous cycle. They are writing fewer "checks", taking more time, and investing seriously in teams they believe can survive in the coming years.

Typically, this happens after the excess has disappeared — not at the peak, not when the market is euphoric. This is the market state when builders persist and capital becomes patient.

Most people still assess the market based on prices.

But VCs are clearly focused on who is building, who will survive, and who deserves backing before the crowd realizes it.

#TRADOOR #TA