The Most Misleading Phase of the Cycle Is Here
We’ve now entered what I believe is the most misleading and emotionally charged stage of the market cycle.
Both BTC and ETH are pulling back — and that’s not only expected, it’s healthy. Yet, as history shows, this is the phase where retail investors begin to panic.
They look at the short-term weakness and think:
“That was the top.”
So they start to sell.
But this reaction is rarely grounded in fundamentals. It's emotional. And what happens next? The market rebounds — sharply.
Now, the same people who sold in fear start to feel FOMO. They buy back in…
But at much higher prices.
This cycle of emotional selling at the bottom and buying at the top is precisely what fuels the final, explosive surge of the bull market.
And here’s the twist:
Tops aren’t built on fundamentals. They’re built on emotional whiplash.
By the time we reach the true market top, it won’t feel dangerous.
It’ll feel invincible.
That’s when risk is highest — when confidence is overflowing, and skepticism is dead.
I’m sharing this now not to call a top, but to highlight a pattern I’ve seen play out time and again. Understanding these dynamics isn’t just helpful — it’s essential for surviving and thriving in this market.