The Crash You Waited For Already Happened
The crowd is waiting for the great capitulation. They are expecting the halving cycle to play out exactly as it did in 2018 or 2022. But the cycle didn't break—it inverted.
For the first time ever, $BTC broke its all-time high before the supply shock even hit. This was not retail euphoria. This was political repricing, a massive macro trade driven by regulation and the ETF mechanism. Demand now follows Powell. Supply still follows Satoshi.
What we endured in 2025—the $3.5B ETF outflows, the 36% drawdown, the silent collapse of altcoins, and $BTC dominance hitting multi-year highs—was the stealth bear market. It was compression, not a rally. The pain was absorbed early.
Smart money recognized this inversion. While retail is still positioned for a drop, expecting $40K, they are accumulating. If 2025 was the stealth crash, then 2026 will be the vertical expansion phase. $150K–$200K is not a fantasy target; it is the logical blow-off top that nobody dares to chase. Watch $ETH closely as the rotation accelerates.
This is not financial advice. Positions can be liquidated.
#CryptoCycle #Bitcoin #Macro #DigitalAssets #Halving 📈
