Crypto bears are taking a well-earned victory lap after this week’s sharp market drop, with longtime skeptics pointing to the sell-off as proof their warnings were justified. Voices from Financial Times to outspoken critic Peter Schiff framed the downturn as confirmation that the crypto rally had stretched far beyond fundamentals.
Yet even as pessimism dominates the headlines, some market watchers see familiar bottoming signals beginning to form. Debate has intensified around whether the latest correction truly marks the end of the cycle or simply another reset before recovery especially as commentary from figures like Jemima Kelly and scrutiny of Michael Saylor’s long-running bitcoin accumulation continue to shape sentiment across the broader crypto landscape.