FutureDigitalAsset

When you open the charts right now, it’s miserable. Crypto Twitter is just as miserable. Everyone is chasing their tails. It’s not unnatural to feel negative right now. Even if you’re not feeling awful, you can feel deflated. It’s okay to turn things off. From experience, these downturns don’t last forever. This one feels different because we’re not seeing much volume during some sell-offs. If I were to guess what’s happening, I wouldn’t be surprised if a large market participant was deliberately pushing price lower to stop out leveraged longs. Someone like Binance, for example. I’m not accusing them, it’s speculation. But given what’s happened recently and the financial implications, you can understand why the thought crosses my mind. I think there’s a reasonable possibility that once enough longs have been stopped out and accumulation has taken place, we see an aggressive reversal. I’m not saying we’re suddenly going to spring into a rocket ship, although that’s not impossible. We’ve seen similar things happen before, particularly around 2023. But I do think people could be getting pushed out of positions to the downside before we eventually reverse. And given the amount of liquidity sitting above price, I think there’s a strong argument for that reversal happening. At the same time, we’ve got all these negative narratives. I’ve been talking about the possibility of a geopolitical catalyst for weeks, and every day it feels like we’re getting closer with increasingly strange headlines appearing. But there’s something bigger happening here. We’re living through a period in human history where psychological warfare, uncertainty and negativity seem to be everywhere. At the same time, we’re approaching a technological breakthrough that introduces an intelligence capable of thinking about the world in ways completely different to how we do. Think about that transition. We’re moving from what I believe has largely been a speculative cycle in crypto into a utility-based cycle. We’re potentially transitioning from an old financial system into a new one. And simultaneously, we’re witnessing the birth of an entirely new technological and intellectual age. So many things are converging, and we’re in the middle of them. Meanwhile, we’re trying to avoid countries going to war, cyberattacks, financial instability and everything else happening around the world. Everywhere you look, it feels negative. Negative, negative, negative. But I genuinely think we’re approaching the end of this negativity cycle. That doesn’t mean things can’t accelerate to the downside first. Sometimes the end of these periods comes with a crescendo, where everything feels worse than before. We have to remain aware of that. But I want people to understand that it’s completely natural to feel how you’re feeling. It gets on top of me too. I’ve been involved in these markets for a long time, and watching an asset you’re invested in decline day after day, week after week, is difficult. I don’t care how experienced you are or how much conviction you have. Nobody enjoys watching their investments go down continuously. These periods do end. History tells us that markets move through cycles, sentiment changes and new opportunities emerge. And if my broader thesis is correct, that we’re transitioning into a world where blockchain technology, digital assets and new financial infrastructure become increasingly important, then there’s an enormous amount to be optimistic about over the longer term. We’re just living through the uncomfortable part of that transition. So don’t get too caught up in every candle, headline or negative opinion you read online. Sometimes the best thing you can do is switch everything off, spend time with people you care about and remind yourself there’s a world outside these charts. Because there is. And if you’re feeling particularly miserable about the markets right now, go and touch some grass. I might join you.