I have a strong sense of disillusionment regarding this bull market. Where is the promised web3 that was supposed to change the world? Where is the promised decentralized society? Is this it?!!!

Once shining and impressive altcoins like DOT, NEAR, AVAX, UNI, ARB, OP have all dropped to heartbreaking lows, and they haven't even risen much; the bear market has already arrived.

Perhaps a harsh truth that must be acknowledged is that these altcoins never had value; they were just bubbles inflated by the global liquidity of the crypto market and the fantasies of retail investors getting rich.

Now that the bull market is over, the illusions have completely shattered.

The bear market has just begun, and it has already fallen this much. For most altcoins, reaching zero may not be an exaggeration.