BTC is at 65k again, after testing the 50k zone by dumping to 59k, for a moment we thought it was going to be a flash crash, a flash bleed or a big dump back to the 45 to 50k range.
Or rather should I say a lot of people expected that, but in one of my post I actually mentioned that it wasn't going to be either a flash crash or a flash pump, I mentioned that it would be a slower process and here I am again, being proven right.
The market most don't experience flash crashes unless there are some manipulations, the type you'd see Elon Musk or Donald Trump do, or black swan events happens.
Even if active bull market situations, the market does not pump aggressively. Might have happened a few times in 2017 and 2021, but I guess that was the end of that particular era.
Even in 2024 and early 2024, all we ever saw was gradual pump that happened across many months. For me this will negatively reciprocate itself for this market. But inevitably, the target is that the market will slowly bottom at the end of Q3 or early Q4 which is the actual expectation.
So basically BTC in the green zone at 65k might not look bad, but it's waiting to implode because this is an actual bear market situation. If you're a trader then this BTC pattern is easier to take profit from. In maybe a week from now BTC might be dumping to the 62k range again, and then 2 weeks after that it's aiming for 65k.
This pattern has been repeating itself for almost 3 months, and people who are short term traders mostly leverages situations like this to make money, it's not like it's mostly easy, but the only people who are actually making money at this present prices are those who are day trading or those who are deeply into perps.
Anyone who is aiming to make money at the moment will need to wait for the market to actually bottom before they can buy for cheap, but anyone buying at 65k is setting up to lose money, unless their ultimate goal is to actually invest now and only take profit in 2028, maybe sometimes after the halving.
Only one project has launched in this bear market and that's a project called ARCIUM, they launched their $ARX token and airdropped those who actually participate in their community building since early 2025 and that's just it.
There are currently no projects being built and this might actually be very good because the market has had a lot of garbage product and token where the founders are there to scam others.
Retail money flooded into so many useless coins include that of Trump and his wife, and so many other horrible tokens. Late 2024 was the first time the market actually produced a lot of garbage tokens and projects, infact it looked like 2023 was the last time in crypto that anything that was not repetitive was ever built.
So basically newer crypto projects just copies old crypto projects and just pastes it, renames it and simply just launches a token with it, generates enough liquidity and then pulls it out.
It's sad, but this is the whole situation of things. Some days ago I mentioned that AI is more hyped than crypto because of the difference in quality in the present crypto projects we currently have the AI projects that we also currently have.
The AI hype will also not die especially if it continues to help people make their lives easier and indirectly helps them to automate processes that can help them make money.
At the moment a lot of crypto projects aren't doing this. Use cases are not there, prices are not attractive and crypto has to be entwined to many reel life use cases for people to automatically use it.
For example AI is tied to helping developers for example, these guys use the AI to build tools that their clients need, and these clients uses the ready-made product from these developers to solve real world problems, so money actually flows in an out seamlessly.
Imagine if for example Hive or even BTC can be used to build real world product in replacement with actually real tools, this means that money will flow in and out of crypto.
Although this isn't the primary purposes of crypto, but I think crypto needs a revamping because of all the useless projects and scammers that has current tarnished its image. This will be another topic for another thought anyway
