#CryptoMarketWatch This is the first time in this entire cycle that I genuinely sense people believing it’s truly over.

Yes, many have said it before, but deep down, they didn’t *fully* believe it. There was still a glimmer of hope that things might turn around eventually.

Today, that hope seems to have vanished. People *truly* believe it this time.

“There will never be another altseason in the history of crypto. Institutions, Trump, and all the manipulation have made sure of that. We’re never going back.”

(To clarify, these aren’t my words.)

It might sound cliché, but yes, we’ve been here before.

The real issue that confuses people is the *timeline*.

For over a year now, people have been saying, “We’ve been here before,” yet the market kept dipping and dipping (aside from the brief uptick in October-November).

That’s the crux of it. Feeling like it’s over doesn’t mean we’re anywhere close to a recovery.

We can be in the “it’s over” phase for many, many months—sometimes even longer—despite sentiment already being rock bottom.

Historically, the exact moment things turn around is when *no one* sees it coming—not even the most experienced among us.

It’s often when everyone has moved on, forgotten about it, and the chart has only one direction left to go: *up*.

(Of course, this also means some assets might be close to zero by then.)

Again, it’s extremely likely that it’s *not* over.

It’s just that feeling of, “It’s down so much, it can’t possibly go any lower, right?” that messes with people’s minds.

Because it *can* go lower, and it often *will*. And when that happens, it feels like 100% proof that it’s truly done (which, of course, feels horrible).

And *that’s* exactly when things tend to recover. But again, we still don’t know *when* that will be. $XRP $SOL