Don't ask 'Is the crypto circle finished?' anymore, the current market is just cleaning up the 'remnants of the old era'.

You said 'It's the first time I've seen altcoins drop like this,' and even thought that without altcoins, the crypto circle would be finished. Wrong. This precisely proves that the crypto circle has evolved, while your thinking is still stuck in 2021.

You think the current script is still 'Bitcoin sucking blood → oscillation → Ethereum catching up → altcoins flying everywhere'? Wake up. The market logic has long changed: ETFs have turned Bitcoin into US stocks, and MEME has turned the casino into on-chain PVP. Those so-called 'valuable altcoins' and 'tech coins' stuck in the middle have neither the liquidity of Wall Street nor the wealth-generating effect of meme coins. Their 90% drop is not because the market is bad, but because they have lost their meaning of existence in the current narrative.

You say KOLs are harvesting retail investors, and that's true. But what's even more heartbreaking is: it’s because you still believe in those outdated 'value narratives' that you give KOLs the space to wield their scythes. The altcoins in your hands are just sinking to the bottom, not because the market is bad, but because only retail investors are still paying for codes that even the project parties themselves are too lazy to maintain.

What chills me the most is the last question: 'Can shorting make money now?' Bro, this is the most terrifying signal. A coin has dropped 90%, you’ve held onto your position all the way, and now you not only don’t want to bottom fish but instead want to chase shorts? This is precisely the scenario the big players want to see: the bulls are still hopeful, the bears dare not enter, until the bulls finally give up and turn into bears. When even the 'stubborn holders of spot' graduate students start asking 'Can we short?', it means the last liquidity has surrendered.

So, the real game has just begun. The current altcoin market is specifically designed to kill people like you who 'see the bearish trend but don’t short, and when you do short, you go in at the bottom'. Opening a short position at this point, you are not investing; you are fueling the manipulators, helping them complete the last violent rebound.

Don’t gamble on making money by shorting at this time. Either lie flat in Bitcoin, or admit that this cycle belongs to MEME and Bitcoin, and has nothing to do with the old altcoins in your hands. Admitting that you picked the wrong asset is a thousand times safer than going all-in in the opposite direction at this point.