The market sentiment right now is overwhelmingly bearish. The entire crypto space feels like it has collapsed, with most prominent traders having already exited the stage. The prevailing view is that the majority of altcoins are nothing more than scam projects, designed to hype, collect capital, and then dump. They are perceived as worthless junk. Retail investors are battered, bruised, and filled with deep skepticism. Last year’s black swan events forced mass liquidations and exits, leaving the market devoid of fresh capital and new entrants. Exchanges are now constantly listing US stock tokens. In my view, exchanges sit at the very top of the food chain because they hold all the data. They have already made their selections. Our job is simply to prepare to follow the trend. Yet, I am not overly pessimistic about the industry. Bitcoin is currently rising amid this deep skepticism. From the $60k level, my periodic BTC long positions have not been sold off at all. During the last bear market, when FTX and LUNA collapsed, that was true despair and a complete breakdown of trust. No one expected that three years later, Bitcoin would continuously break yearly highs and deliver an 8x rally. I don’t know what the next cycle’s new narrative will be. But I do know that crypto volatility is massive. The next cycle will inevitably bring a fresh story. The key is to remember that we can still profit from this space. Be prepared. Wait for the flowers to bloom.