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Bear-Market
Everything FMV has published on Bear-Market.
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Bear-Market
Treasury
The Drawdown Playbook: Build Like an Infrastructure Company
Bitcoin is down 44%. Optimism is cutting staff. Treasuries are bleeding. The projects that survive this drawdown will be the ones that stopped running like startups and started running like infrastructure companies.
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Pattern
Positioning
Three Narratives That Survive Bear Markets
Most web3 stories implode when number-go-up pauses. These three patterns hold even when price doesn't.
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