I want to write a few sincere things because I don't think anyone wants to see technical fundamental analysis.

There is no longer anything to explain about what we have experienced in the last year; there were 2 factors that helped us maintain our motivation during declines in this sector: the first was the bitcoin - altcoin correlation, and the second was the ethereum - altcoin correlation.

Until this year, bitcoin would accompany altcoins during declines; if bitcoin diverged, ethereum would remain weak and take altcoins with it as it moved. This event changed completely with ETFs, which is why predicting what will happen in the market is harder than ever.

Altcoins are completely under manipulation, and we see pricing according to the desires of the exchanges that control the supply. If you entered the sector after 2021, you have probably not seen any profit and have significantly eroded your principal.

As the market changes so much and has not reacted for a long time, those who think about just going short or selling their spot and getting out are increasing, and they are not unjustified; what is happening has become absurd.

I am %70 below the ATH level I saw in December 2024. I have been observing the market for about a month without making any additional purchases and continuing to hold my portfolio, which is %95 in coins. If this sector is not going to die, the tide must turn within 2026, and at worst, we should see a 5-10X from here to justify the struggles we have gone through.

But if coins that have dropped %95 from their peak cannot even manage this rise, I will accept that the sector will only carry 10-20 coins consistently and will seriously question the spot altcoin investment approach.

I feel like we have been repeating the same day for months, and I have passed the part about making money; it is even a psychologically exhausting process. May it be for the best for us ✍️