RE: Auros Fails To Pay Back DEFI Loan
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This bear market has been brutal as usual. When bitcoin missed the expected $100k target and rolled over, many investors got dumped by the crashing wave, and those who took loans or used leverage were the worst off it seems. They can't wait and hodl for the next wave.
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Lol in nominal value yes its been the biggest down turn, in percentage it hasn't been as deep as previous bear markets, and yes you're right the 100k meme was pretty strong and a lot of people fell for it as if it was law, and with that retail and institutions fell for the stock 2 flow model and allowed leverage and ponzis to proliferate during that time because it would be backed by the run-up to 100k and well that didin't work out and nature is healing as it should with no one coming to save you