Back when crypto had a clear adversary, the narrative was unstoppable. Energy was viral. But here's the thing—now that institutions and governments aren't the enemy anymore, the unified force that used to drive the bull cycles has fractured.

Without that oppositional identity, it's tougher to sustain momentum. The identity crisis is real. Crypto built itself on rebellion, on "decentralize everything." That was the glue. Now that the ideology doesn't have a nemesis to push against, the space needs to figure out what it actually stands for beyond the opposition.

The question isn't just about price action—it's about whether the ecosystem can redefine its core purpose. Because movements need meaning. Right now? That's the gap.