The collapse in crypto prices has raised concerns about safety for investors. Markus Thielen of 10X Research is cautious and has not bought the dip. Similar to the DeFI/NFT speculative bubble in 2021, there has been a collapse in memecoins, impacting tokens like Solana. Thielen warns of a weakening foundation and advises caution rather than complacency. He believes that a new narrative is needed for the next major upward move in Bitcoin.
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