- Degen Spartan states no new technology discovered for permanent higher returns.
- The Twitter thread came amid revelations made by analytics firm, Glassnode.
- Glassnode identifies structural changes using the ratio of realized profits and losses.
Popular Crypto Fund Manager DegenSpartan tweeted “no new secret technology for permanently higher returns has been discovered here yet”. Furthermore, he explained that the only obvious cycle-to-cycle trend change was the reduction of profitability with subsequent cycles.
the only obvious cycle to cycle trend to me is the reduction of profitability each subsequent cycleintuitively explained by larger market cap, broader participation and "maturing" of the asset
no new secret technology for permanently higher returns has been discovered here yet
— 찌 G 跻 じ MBA, CFA, FRM, CFP, NGMI, HFSP, HENTAI (@DegenSpartan) February 7, 2023
Giving more in-depth insight to these behaviors, DegenSpartan stated that the reduction of profitability was reciprocated by the larger market cap and broader participation and “maturing” of the asset.
Notably, Degen Spartan’s statements came amid recent revelations by the on-chain mark…
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