Looking back at the 2021 bull run, two conditions were essential for projects that got listed to achieve good results: first, the Fed's liquidity flood spilling over from the stock market to BTC and then onto altcoins; second, the traditional internet narrative vacuum where domestic dollar funds were forced to tell consumer stories, with the only new narratives in Web3 being NFT and DeFi. But the reality now is that the Fed hasn't shifted yet, liquidity remains tight, and the AI narrative is gaining momentum with more defined direction, which won't spill over into Web3. The real turning point will be when both conditions are met: the dollar is back to flooding liquidity and AI innovation narratives hit a bottleneck. We're far from the bottom of this winter; we haven't even hit the floor yet, let alone a reversal. Assets like BR in DeFi may see a short-term bounce due to oversold corrections, but this isn't a trend reversal. @Bedrock #Bedrock