The real pain hasn’t started yet. Don’t look at the price. Look at the behavior.
📉 $19K → $69K → $126K
Three tops. Three clean touches on the same upper trendline. And after every single one… 👉 the market erased an entire generation of traders.
2018: −84%
2022: −77%
This cycle so far: −75%
Let that sink in. Does this really look finished to you?
🩸 Markets Don’t Kill You With One Punch
They kill you with hope.
After the top, the market always gives:
📈 a strong bounce
📖 a new narrative
🧠 the feeling that “this time is different”
Most people don’t die at the bottom.
They die where they think the bottom already passed.
⸻
😶 What Real Capitulation Looks Like
It’s not panic.
It’s silence.
no one talks about crypto
volume dries up
price goes nowhere
emotions disappear
No fear.
No excitement.
Just boredom.
Be honest.
Are we there yet?
Or is everyone still:
calling bottoms
trading every bounce
flexing small PnL screenshots? 📸
Exactly.
⸻
🛡️ Hard Truth
The market is still being gentle.
A truly brutal phase gives you nothing:
no trend
no edge
no opportunity
You don’t lose because you trade wrong.
👉 You lose because you stay too long.
⸻
My view — no sugarcoating:
This doesn’t end at −50%.
It never does.
📉 We’re only halfway down.
If this made you uncomfortable — good.
That’s usually the point right before the market does its real work.
