ColinTalksCrypto's CBBI - https://colintalkscrypto.com/cbbi/ - is a great tool to get a baseline of where we are at in the crypto cycles. We didn't have as aggressive of a parabolic run this last boom cycle so it didn't get into the red as much. The crashes seem very representative of where it really is close to the bottom.
A lot of stuff looks like it still isn't completely burned off. With the economic situation the way it is I think there is a good chance the market could get pressed out more and the market could stay dormant longer.
Percentage wise we are likely fairly close to the bottom for top projects.
