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Alex Thorn: Cycle 4 performance lags behind previous cycles
Cycle 4 is performing significantly worse than earlier cycles, according to Alex Thorn.
In a post questioning whether this trend could represent a new normal—or a temporary phase—Thorn highlights the stark underperformance compared to what has been seen before.
Thorn has raised issues in other sectors as well. He discussed the controversy surrounding war-related prediction markets on Polymarket, citing industry rivalry. He also noted Grayscale's S-1 filing for a spot HYPE ETF using a commodity-based trust structure.
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