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#USSeeksStrategicBitcoinReserve The state of the crypto market right now is terrible
1. Capitalization ≠ quality: the top is filled with "empty" tokens and inflated projects without profitability.
2. The speculative segment has degraded: from high risk / high reward to ultra-PvP, where liquidity can wipe out positions in minutes.
3. High correlation: sectors are not functioning, everything moves as a single mass, especially downward.
4. The classic altseason is blurring: too many tokens, speculation has shifted to on-chain PvP.
5. Reputation has fallen: institutions are into AI, retail is into 0DTE and stocks.
6. Convexity has decreased: even BTC and ETH no longer provide the same "wait out the dip — get an exponential" effect.
❓ What does this mean
— Entry timing is no longer sufficient. Selectivity has also become important.
— Simply participating no longer provides an advantage (now you need to know how to trade).
— There is a chance that this is just a phase of the cycle, but the market structure has changed.