I think maybe 25% odds the cycle is over and those calling it are correct. I think 75% odds we at least have 1 more macro leg up In any case. The market has given us chances to buy the prev ath (HTF supports for many alts) and many majors There’s also a clear invalidation where if we traded below. The prev ath; Then yes. It’d likely be a time to reconsider. For now it’s hard to look at this and think the market as a whole is in a bearish spot. What likely has happened is most people were in memes. With no exposure to btc or even solana. Lost a lot. And now believe the entire market is bearish. Where BTC + RWA has been stronger We trend up. Consolidate/ chop. People trade it like a trend. And get chopped. Just how I view it currently