It took me a whole year to accept this difficult-to-utter reality — we have actually been in a bear market all along.

In November 2024, many people thought it was a new peak, but in fact, that was just the last frenzy. And those tokens that exploded across the internet are merely signals of this cycle speeding up.

**Why did we all get it wrong?**

I’ve reviewed the data from the past year, and two key issues have been exposed:

**Issue 1: The Meme craze is actually the endgame, not the beginning**

You know what? The entire market has been waiting for Meme to trigger the altcoin season. But the reality is — there are no new technological narratives providing a threshold, so funds have no reason to rotate.

Meme itself indicates that the altcoin season has already reached its end.

Those still chasing are actually pursuing a story that’s halfway through. The market has skipped the middle steps and gone straight to the end.

**Issue 2: BTC has long since formed its own camp**

BTC no longer dances to the internal cycle of the crypto world. It now follows Wall Street’s rhythm, not the community’s.

Stop comforting yourself with "BTC is still high." The ground is littered with dead altcoins — that’s the most genuine market signal.

**The atmosphere has already changed**

Market sentiment has evolved from initial anxiety to anger and despair. Those still dreaming of a "bear market bottom" should wake up.

The price you’re watching now is the bottom.

The biggest opportunity isn’t technical analysis, but the courage to face reality. While most are still dreaming of a retracement, the true Alpha has already surfaced.

So I’ve decided to start placing bets.