I think this is just a symbol of the current hype cycle.

We are living in a strange time because there is a combination of fear and greed in the market.

Yesterday I learned that market leverage (credit) is trending towards levels of the dot-com bust and great recession (https://en.macromicro.me/collections/34/us-stock-relative/89...)

When the tide goes out, the real swimmers remain and the tourists leave.

I quite enjoy that time in tech specifically, though I'm sure other industries face similar in-and-out flows.