It has now been a good 5 months since the market was truly hot, back in July this year.
The upside of this is that it will take quite a bit of time before getting to that level again and getting overheated. But obviously there's been no strong upwards move in the market for a while now.
This year and cycle has mostly consisted of smaller several month mini cycles where BTC and a select few alts outperform. Only to go in a slow and corrective phase afterwards.
This makes it so this cycle is nothing like the previous ones, where the market could just trend for 6-12 months non stop. This has made it very hard on the crypto natives that tend to go risk on after a big move or breakout happened. But in this cycle that got punished hard.
I personally think 2026 will be more of the same. The crypto market is more and more intertwined with macro and TradFi and that's what were seeing with this price action. Especially in 2025.
