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.
- No plan - Impatient - No risk management - No understanding of their emotions - Focus on the outcome not the process - Jump into trades in fear of missing out