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The $27 billion haircut

Shein's last private funding round put it at roughly $100 billion, a number that now looks like a peak for the company's expansion phase. The new target is a 73% cut, and it tells you a lot about where the market stands on consumer companies that grew by tapping cheap capital and a global audience. For crypto, where retail sentiment is a major driver, that shift matters: if the retail crowd isn't paying up for Shein, they may be less willing to pay up for speculative assets like altcoins.

Why crypto traders should care