The crypto space lately has been hilarious—zero liquidity, endless rug pulls, and nothing but degens and scammers. If this circle loses its money-making appeal, newbies won’t bother joining. This cycle is completely wrecked; even the second-in-command, $ETH, couldn’t hold a new high. If traditional assets aren’t outperforming, no one’s coming in to save the market. The macro cycle should be bullish since global liquidity is increasing, but as for the crypto market… well, institutions are entering, whales and OG players are selling off, and the market is heavily fragmented. It needs a shakeout. Too many coins are popping up when the market looks slightly better, and there are tons of tokens unlocking daily in the later stages. I think later on, when U.S. stocks hit new highs, commodities stop climbing, A-shares are on holiday for Spring Festival, and U.S. stocks are on break, funds might flow back into crypto. Only then will $BTC have a chance. There’s no right or wrong in the market—the mistake lies in how well you adapt to the trend. Prepare for the worst outcome and let’s keep pushing forward