I’ve got some doubts about this graph. I might exclude first cycle from this trend as it was the first one and rather chaotic. Then we can see that each cycle is around 5x smaller then the previous one: 500–> 100–> 20. But what about the last cycle which as per my understanding was virtually suppressed by FTX?
Now, if it is not representative then we should not expect something like 4x expansion the current cycle. On the other hand, if it is representative because that kind of attack is something that should have happened sooner or later then we may expect more to come and maybe 4x is in play and we already had the top.
I know I know shit.