The current market seems like... something is off!?
- $BTC has dropped more than 30% from its peak
- $ETH has evaporated more than 65% from its peak
But... I still don't smell a heavy downtrend, guys.
→ Why?
- No major projects have collapsed like $LUNA
- Stablecoins pegged 1:1 like $stETH have not lost their peg
- Major funds and big organizations have not gone bankrupt yet
And most importantly: No exchange has "vanished"
=> So the question arises:
Has the market really entered a downtrend?
Or is this just a "fear-inducing" phase before a final upward push?
I see this situation quite similar to the period in May 2021 — when China banned crypto, the market crashed in panic and then $BTC still surged to test the peak of 69k before the actual downtrend.
So what scenario awaits us ahead?
If it’s a real downtrend, sooner or later there will be:
- Project collapses
- Tokens lose their peg
- Funds go bankrupt
- Exchanges get killed
But if it’s like 2021, there’s a high chance $BTC will have one more pump to test the peak of 100k-110k before actually falling.
What do you think?
Has there really been a downtrend?
Or is there still one last "pump" before heading to the bottom?
