Why is the cryptocurrency space in a civil war?
Author: Alertforalpha
Translated by: Baihua Blockchain

The market is bleeding, and Crypto Twitter is completely torn apart. Half are screaming "the bear market is here," while the other half are shouting "buy the dip."
No one knows who is right—yet everyone pretends to know. Welcome to November 2025, where a division is occurring in the crypto community.
Fear is Real
The sentiment index has just hit its lowest point since February. Do you feel that anxiety? It suggests something is brewing.
We are nearing the end of a 4-year cycle, and the charts are signaling things that no one wants to admit. Bitcoin is struggling with the 50-week moving average. Historically, this has marked the beginning of deep bear market infections.
But the turning point indicates: when retail investors panic, institutions are doubling down.
While Others Panic, Big Money is Taking Action
JP Morgan has just pushed real bank capital onto the public blockchain. This is not a test, nor a theory.
It’s real—capital is on-chain.
Meanwhile, the Czech National Bank is quickly becoming one of the central banks for the public to buy Bitcoin and digital assets.
All of this is happening while others watch their portfolios collapse.
The shift from traditional finance to decentralized tracks is not coming soon. It has already happened.
Prices are falling. Innovation is not.
The Queue Game
Over $1.1 billion liquidated in 24 hours. Long positions have been wiped out. Charts have been destroyed. Confidence has been shattered.
Traders believe this is all intentional. Institutions now dominate this market. Their trading methods differ from retail—they design traps, harvest liquidity, and buy (cheaply) while others bleed.
When the entire room is in panic, some are quietly collecting chips.
What Smart Money is Doing Now
Market sentiment is collapsing. Prices look grim. Warning signals are present.
And what about the smartest investors? They are not panicking. They are dollar-cost averaging (DCA) into fear.
Quantitative tightening will end on December 1—this could release liquidity. But the idea of a rate cut in December has just dropped, which keeps cash temporarily tight.
Two massive macro forces are pulling in opposite directions. No one knows which side will win.
No One is Talking About the Real Story
Prices are falling. But development is growing.
Builders are delivering results. Ethereum developers are building. The Solana ecosystem is continuously expanding. DeFi infrastructure is evolving.
The future of finance is being rebuilt—right now—while others chase red candlesticks.
Where Are We Headed
The community is divided because we are facing a real turning point:
Historical cycles indicate a bear market is approaching.
Economic indicators are mixed.
Retail investors are surrendering.
Institutions are accumulating.
Perhaps we will drop further. Perhaps we will rebound strongly. Perhaps we will oscillate sideways in the coming months, driving everyone mad.
But one thing is undeniable: this is not 2018 anymore.
Banks are on-chain. Central banks are buying cryptocurrencies. Infrastructure is far ahead of where it has ever been.
You can discuss what will happen in the next 30 days—or you can look further ahead and see what is forming in real-time for the next 30 days.
Winter may have arrived. Or this is just a cold autumn.
Either way, innovation does not care about your portfolio.
Article link: https://www.hellobtc.com/kp/du/11/6127.html
Source: https://medium.com/@alertforalpha/bear-market-or-biggest-opportunity-1ff83d323f0b
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