{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"Bull Trap, or Bull Market? with Vance Spencer","description":"Vance Spencer is the Co-Founder of Framework Ventures, a VC firm that got its claim to fame by sticking around during the 2018-2020 bear market, going all-in on DeFi before we had a name for it, and taking risks and finding gems while everyone else fled the industry. This is Vance\u2019s 4th appearance on Bankless, because in addition to being a chad VC, he\u2019s also adept at measuring the markets and understanding metas, which is what we\u2019re looking to do here today. Bitcoin is down 66% from the top, but up 50% from the bottom! ETH Down 66% from the top, but up 75% from the bottom! Solana down 90%, but up 200% from the bottom! Meanwhile, Ethereum\u2019s L2 ecosystem is HOT. OP is hitting ATHs. RPL is at its highs in ETH terms, nearing highs in USD terms\u2026 Aptos is somehow at a 16B valuation. Question: Where are we??? Vance has the answer. ------ Crypto Tax Calculator | Free Crypto Tax Calculator https:\/\/bankless.cc\/CTCpodcast&amp;nbsp; ------ JOIN BANKLESS PREMIUM: https:\/\/newsletter.banklesshq.com\/subscribe&amp;nbsp; ------ BANKLESS SPONSOR TOOLS: KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https:\/\/bankless.cc\/kraken&amp;nbsp; UNISWAP | ON-CHAIN MARKETPLACE https:\/\/bankless.cc\/uniswap&amp;nbsp; \ufe0f ARBITRUM | SCALING ETHEREUM https:\/\/bankless.cc\/Arbitrum&amp;nbsp; EARNIFI | CLAIM YOUR UNCLAIMED AIRDROPS https:\/\/bankless.cc\/earnifi&amp;nbsp; ----- Timestamps: 0:00 Intro 6:24 Vance's Read of the Market 8:10 Ranging 9:40 Indicators 13:00 Apathy Market 15:30 Trends 18:41 Institutions 22:45 Is FTX a Permanent Stain? 25:45 Aptos 29:30 Alt-L1s 35:05 Private Markets 37:24 Crypto Gaming 41:15 Future of DeFi Tokens 43:39 Macro &amp;amp; Recession 45:40 ETH\/BTC 49:40 Alt-L1s Over? 51:05 2023 51:50 Closing &amp;amp; Disclaimers ----- Resources: Vance Spencer https:\/\/twitter.com\/pythianism&amp;nbsp; ----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research. Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https:\/\/www.bankless.com\/disclosures&amp;nbsp; ","author_name":"Bankless","author_url":"http:\/\/podcast.banklesshq.com\/","html":"<iframe title=\"Libsyn Player\" style=\"border: none\" src=\"\/\/html5-player.libsyn.com\/embed\/episode\/id\/25733526\/height\/90\/theme\/custom\/thumbnail\/yes\/direction\/forward\/render-playlist\/no\/custom-color\/88AA3C\/\" height=\"90\" width=\"600\" scrolling=\"no\"  allowfullscreen webkitallowfullscreen mozallowfullscreen oallowfullscreen msallowfullscreen><\/iframe>","thumbnail_url":"https:\/\/assets.libsyn.com\/secure\/item\/25733526"}