Andrei Grachev, co-founder of DWF Labs, recently shared his insights on the current state of the cryptocurrency market, describing it as being in the "Perp Season." Grachev, in a post on X, outlined his observations over the past two years, noting the cyclical nature of the market:
"Depression > Recovery > Bull Market > Correction > Meme Season > Correction > Perp Season > Recovery > Bull Market"
According to Grachev, the market is presently in the Perp Season, a phase characterized by heightened activity in perpetual futures trading. He suggested that this phase could be followed by a recovery period, potentially leading to another bull market.
Grachev emphasized that his observations are not financial advice, urging followers to "Do Your Own Research" (DYOR).
