Summary:
- This article discusses the current state of the cryptocurrency market, particularly the performance of small-cap crypto assets.
- It explains that small-cap crypto assets have hit a four-year low, indicating that the "alt season" (a period when alternative cryptocurrencies outperform Bitcoin) thesis is no longer valid.
- The article suggests that this market downturn highlights the volatility and uncertainty in the cryptocurrency space, where even smaller, lesser-known coins are struggling to maintain their value.