The summer lull has happened every year, even the most bullish ones:

- 2017: alts got crushed vs BTC

- 2019: 13k top and ensuing correction

- 2020: DeFi summer happened because everyone was risk-off majors and everything sucked so farming made sense

- 2021: bearish chop until that Trabucco tweet in July

- 2022: we died

- 2023: chop around 28k

- etc…

Summer is a good time to tactical-retreat in BTC/ETH/stables and expect less from alts.

I don’t think the summer seasonality changes the way the 4 year cycle will play out.

2018 = 2022 = we dead

2019 = 2023 = echo bubble, recovery

2020 = 2024 = constructive & bullish

2021 = 2025 = things get stupid, you sell

It’s a stupidly simple mental framework but so far it has worked well.

Best use of summer is finding the next PEPE or YFI. Second best use is doing cool IRL things.

Enjoy