Now the market is exactly what you would expect. People earned money on various defi tokens. As soon as their tokens began to fall in price, people began to sell them and place their capital in the most secure and stable coin - Bitcoin.
This might be the case now as we can see that bitcoin is climbing up consistently the reason why some investors are thinking that we are heading to bull.
Well its too early to say, but I do hope before this year end another bullish market happens. So despite of the bad things of this year that affect each of us and the economy there's a good thing that can cheer us up.
Bitcoin is not growing all the time. Since the end of spring, it has been approximately at the same price level. At this time, all new projects from the Defi sector were growing in price. People made a lot of money on them, while forgetting about bitcoin. Now bitcoin has finally started to win back its positions and started to grow in price.