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A founder of a major exchange has recently been frequently discussing the topic of the crypto winter in public. This interaction is quite interesting. From his previous statements, it seems he is conveying some kind of market signal. The industry’s reaction to such views has always been polarized—some believe this is a rational forecast from experienced industry insiders, while others think it is an attempt to manipulate market sentiment. The cyclical fluctuations of the crypto market itself are prone to various interpretations; the key is to look at the fundamentals and real data, rather than getting caught up in the wording of a particular voice. Anyway, this kind of discussion indeed reflects how much attention the market is paying to the current trend.