I wasn’t planning to talk about Bitcoin anytime soon because, for the past few weeks, price action has been boring and useless. But it looks like Bitcoin finally chose a direction yesterday, and—surprise—it’s down. I didn’t expect that, and probably neither did you…
But here we are, experiencing one of the shittiest bull markets ever—at least for altcoins. Some altcoins haven’t even managed to perform as well as Bitcoin this cycle, let alone outperform it.
Donald Trump Jr.'s son is advising us to buy the dip, though… Well, with what money, sir? I’m fucking broke as fuck, and this is my second full cycle. That’s how stupid I am as a crypto investor.
Why did the market tank? Honestly, I have no clue. But so far, BTC has accustomed us to a few months of raging bullishness followed by a consolidation period. Well, we hit an ATH (for now) right when Trump was inaugurated, and since then, we’ve been ranging.
If I’m not mistaken, BTC is about 22% down from its ATH, which seems to be a typical correction for this cycle. In previous bull runs, like in 2017, we saw corrections as deep as 40%, but back then, the total market cap was way lower than it is today.
Altcoins, however, tell a different story. While BTC is well above its 2021 ATH, most shitcoins aren’t even holding above bear market spikes. Some are literally back to bear market levels, and it sucks…
It sucks a lot being all-in on alts and watching this bloodbath unfold. According to history, the beginning of 2025 should have been bullish, but so far, it doesn’t look promising at all.
Was this the end of the bull market? I have no clue. Part of me hopes this is just a shakeout, but another part is afraid this cycle could be one of the shittiest in history.
If that happens, I don’t know who the hell is going to buy in the next bear market… But based on past cycles, 2025 should still bring the euphoria phase, where every price target gets blown out of the water.
If there’s one thing I do enjoy about this correction, though, it’s watching all these shitcoins—especially meme coins—get crushed to the levels they actually deserve. Personally, I’m holding until late 2025, but I sure as hell won’t be carrying any coins into 2026.
Just my two cents…
Thanks for your attention,
Adrian
