In the past, everyone used to lose all their money during the bear market, but in '25, people managed to lose it all during the bull market, especially with so many betting on altcoins and then going through 1011. Honestly, it's hard to put into words! If you've been through 2018 and 2022, looking at this market cycle, you'll notice one big change. In the past, the market lacked money. Now, the market doesn't lack money—it lacks money willing to flow into Crypto. Funds are becoming more and more concentrated. bitcoin:native is absorbing institutional funds, ETH is pulling in ecosystem funds, and only a few strong narratives are still getting attention. The majority of other projects are just fighting over the existing liquidity. A lot of people are still waiting for altcoin season, but the market has already started to reprice one thing: Not every project deserves a bull market. The ones who truly survive the bull and bear cycles are never the ones with the most accurate predictions, but those who, when the market logic changes, are willing to admit they need to change too. When the trend shifts, follow it. When the cycle ends, wait. The biggest advantage in trading has never been about making money fast, but about still having the qualification to participate in the next cycle after each one ends.