This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
In any other cycle, the consensus would be clear: this is a bear market.
Weekly bearish market structure breaks on $BTC, $ETH, $SOL - and basically everything else.
Extraction, grifters, protocols disappearing, lower highs and lower lows. The list goes on.
The pain of this cycle, and the fact that alts never really had a chance to run, has turned decent traders into hopers.
People who would have been rational in past cycles are now clinging to hope.
A truly brutal cycle.