The market right now reminds me of someone who's been in a toxic relationship for so long that they can't recognize when something good is actually happening.

Iran deal signed, CLARITY Act moving forward, stablecoin adoption at ATH, real onchain businesses like Hyperliquid, Polymarket and Collector printing revenue and getting mainstream attention.
However, this market has been beaten down so badly that it can't even recognize good news anymore. Every bullish catalyst gets dismissed, every positive headline gets met with "yeah but..."
This is what capitulation looks like. Just complete emotional exhaustion where even the most obvious bullish catalysts get ignored because there is no belief left.
That's the most bullish signal there is.
Markets don't bottom on good news. They bottom when good news stops mattering.
And that's exactly where we are right now.