TVL of all De-Fi projects touched this year's ATH.
But, it's still around 60% of the ATH(All Time High). There's a long way to go. It's affected by the Crypto Total 2 Marketcap(Excluding, BTC marketcap).
I guess it will likely take at least a couple of months to surpass the ATH.
Alright, let's take a look at one of liquidity indicators. Total stablecoins marketcap is around $4b left until the ATH.
I think the liquidity of the altcoin market is coming out recently. But, I saw some retail investors are still in disbelief. They don't know how to remove the risk by melting time, and they're impatient.
When retail investors become lunatic and bring their cash from bank accounts, we need to be more rational and always think about the exit of this cycle.