Here’s an unpopular take: this correction isn’t the end of the cycle, just a pause. $BTC is down 23% from ATH, altcoins have dropped even harder, and sentiment has flipped bearish. But if you zoom out, nothing has fundamentally changed.
$BTC has pulled back over 25%, but this is only the third or fourth correction of this magnitude in the current cycle. In the previous cycle, there were twelve similar pullbacks before the actual peak.
Nothing about this drop breaks the bull run. The market got overheated, leverage piled up, and now we’re cooling off. Standard cycle behavior. The real problem? No new narrative. Every bull market needs one — DeFi in 2020, NFTs in 2021, meme coins in 2024. Right now, we’re between trends, waiting for the next big play.
Macro’s not helping either. High rates and weak liquidity are a drag. But if the Fed pivots later this year, expect risk assets to rip.
Long-term? BTC is still in price discovery. The idea of $200K sounds wild today, but so did $69K back in 2021..
