If you want to make sense of this market, try looking at it in reverse.
This downturn has been brutal, with barely any relief rallies in sight. The warning signs started flashing back in October when smaller exchanges began quietly shutting their doors. Then came the exchange hack. Right after that, the midterms dropped in mid-month, accelerating the freefall.
Pile on rate hikes, overextended U.S. stocks, Jensen Huang stepping down from Nvidia, and Anthropic's upcoming IPO ready to suck liquidity out of the room—it’s just been one blow after another, especially for those of us already fighting to stay afloat.
Crypto isn't feeling fun anymore. It stopped creating new wealth; it’s starting to feel like just an old club of veterans passing bags back and forth. Protect your principal out there.