Been saying this every week for the past 3-4 weeks now Vibes feel like FTX/Luna all over again. Drawdown without any bounce. BUT under the surface, fundamentals are forming (especially with DeAI) - Open models (DeepSeek, Qwen, Kimi) becoming the default for YC & Silicon Valley startups - DeAI infra being used for real workloads, by real people (and agents).. Yep - Bittensor’s biggest event in ~2 weeks Doing a little bit of further DeAI breakdown on The After Hour EP.30 [Link in Bio]