Remember when capital was flowing everywhere? Projects launched and money poured in. Retail jumped in, institutions followed, and nobody really cared about valuations. Those were the days of abundant liquidity and loose monetary policy. Now? Completely different story. Tighter conditions, scrutiny everywhere, and money's not chasing every shiny new thing anymore. The question haunting everyone in the space: will we ever see that kind of market environment again? Maybe when the economic cycle shifts, or maybe we've just entered a new era where FOMO alone won't move billions anymore.