It's hard to imagine:



$Cattle reached a 3M ATH in April

$Jet2 reached 3M ATH in July

Jet2 is much more popular than Cattle.

This indicates that the current on-chain market liquidity is even lower than in April.

Relying solely on retail investors, you can't even reach 3M. However, it only takes a net purchase of a few tens of thousands of dollars to reach 3M.

The essence of market cycles is the wage and credit cycles of retail investors.
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