Just focus on crypto. It has its own timeline, and you have no edge in equities/macro. There will be always be something that drags out the emotions in you, and there will always be a strong case for a market crash. Just look at the plethora of people/accounts that have made it their life's work to incorrectly call secular bear markets. Outside of the 0-1 correlation events crypto has its own cycle. It tops and bottoms irrespective of equities/macro. People say it front runs it or whatever, but the fact remains that it has its own timeline. TOTAL is currently above the May highs, above its 10W EMA, 20W MA & 10M EMA (which historically supports a bull market all the way up). There was that big impulse off the bottom which you see at the end of bear markets, and now we are at that sticky area where everyone with PTSD gets shaken out before eventually going higher. BTC is looking better than alt coins, which got overstretched. Bitcoin has been shaking off insane amounts of bad news that if we were still in a bear market would have taken us way way down (additional signal alongside the chart). That doesn't mean we can't still shake out more tourists here. There is a lot of room to go down and remain HTF bullish with the trend still in our favour. In early 2023 we had the USDC depeg which shook everyone out but we were still in a bull market, as the market structure had shifted. That time around we hit the 200D MA (~72k currently) before moving up. I believe we are here now, and we can still have annoying chop for a while with more people attempting longs and shorts at the wrong time. TOTAL2/TOTAL3 remains 37% & 30% off their 2021 ATHs. If you don't think we surpass those market caps then you should find another asset class to spend your time on. It is simply impossible for me to be bearish when the industry has made so much progress and we are this far away from where we were 5 years ago. We have clear evidence of an acceleration of institutional adoption and tradfi bringing all assets onchain. We already have our dot com crash behind us, and good alt coins are rather under owned globally relative to all other asset classes. We have tailwinds, with equities having more defined headwinds. This remains the opportunity, and patience is required. The only way to fuck this up is to be too zoomed thinking you can time macro consistently with Dunning Kruger syndrome because you had a good crypto cycle once, or being overly cautious because you have PTSD and can't fathom anything going right for you. Stop trying to control everything, and just let go.

The most bullish thing crypto has going for it is I can barely think of a new hyped up TGEs outside of VAR. The continued concentration of bid into the good tokens with no VC scams who are buying back their fixed supply tokens is in direct contrast to the mega IPOs and lack of share buybacks by hyper scalers in equity land for the foreseeable future. “Good crypto” is structurally healthier than equities, has less headwinds and offers better r/r as tokenization continues to be a dominant macro theme for the next few years. Onchain gambling is completely inconsequential to the above and exists in the background as an internet culture phenomenon that receives some ongoing flows as other areas of crypto do well. Crypto SOVs have obvious ongoing bids in a fiscal dominance world. You can feel the doom and anxiety that exists and everyone lives in fear of the next 0-1 correlation event, which always remains a possibility in a highly financialised world with little room for error. Even if you got this, I think crypto would be the fastest horse afterwards, as opposed to something that remains dead for a long time. Despite the sentiment, I don’t think this is the moment to shift bearish on crypto, when the industry and asset class has never made more sense. The only way I see people repeatedly losing in crypto is trying to make money too quickly.