On Aug 14, 2025 (my birthday), Bitcoin marked its latest ATH at $124,128. Man, I wish I’d had one Bitcoin that glorious day... I’m all in on altcoins though, and as you can see, since then, BTC—and pretty much the whole market—has continued to fall, and fall...
And fall... At the moment of writing this post, BTC is trading at about $108,000, and who knows where it’ll find a bottom. Personally, I’d bet on $99,000 because $100,000 is a strong psychological level, and everyone’s setting limits there. And you know Bitcoin...
It loves taking out limits and screwing over leverage traders, who, let’s be honest, are often nothing but degenerate gamblers. Someone did warn us about this move, though.
There’s this lady on Twitter who goes by the name of Honey(something), and she’s been calling for the dump since August 21st. From what she’s observed over the past five years, the crypto market has what she calls a “ghost month” (end of August to end of September) when it scares the hell out of traders and investors.
She’s in tune with my take that BTC will find a bottom around $100,000 and that the bull market will resume sometime in late September. Well, she might be right—we’ll have to wait and see. She’s also claiming that in Q4 this year, we’re gonna have a proper altcoin season and that everyone holding alts is gonna make real money. We’ll see about that too.
The likes of Fundstrat’s Tom Lee are at it again with their typical bull market bullshit. The guy was recently quoted saying that the current bull market (at least for BTC) is gonna last until 2035. I call BS on that.
This dude’s been wrong every bull market and will be wrong this time too. It’s true that the current four-year cycle doesn’t look like any of the past ones for the broader crypto market, and we’ll probably see a top next year instead of the usual Q4 of the cycle’s fourth year.
I wouldn’t bet on an uptrend lasting ten more years, unless hyperinflation hits us hard. But what do I know? I was expecting a bull market top in 2024, and based on that logic, I missed taking profits near the highest top for altcoins this cycle.
Personally, I’m not touching my portfolio for the next month or so, but I’m planning to start a DCA out of the market in October. If I get lucky, I’ll make some money; if not... I might just swear off crypto for good.For now, though, I’m still hopeful and will definitely get hyped about altcoins once ETH smashes through $5,000 with haste.
Until then, it’s choppy chop season. That’s about it from me for now. Wishing you all a great day, and I’ll catch up with you next time.
Thanks for your attention,
Adrian
