The biggest characteristic of the current crypto market is actually two words: differentiation.

You will clearly feel that some niche sectors that nobody paid attention to before, such as traditional industries with long cycles, are actually showing strong trends; but conversely, many of the hottest narratives and most crowded sectors now are becoming increasingly difficult to profit from, and chasing them repeatedly leads to washouts.
This is the most authentic state of the market right now: it's not that there are no opportunities, but that the distribution of opportunities has changed.
Many people lose money, not because they don't understand the ups and downs, but because of a habit—still using the strategies from the last bull market to interpret this one.
In the past, it was about copycat rotations and emotional hype, where you could have opportunities even with your eyes closed; now, the mainstream is more stable, the rhythm is slower, and capital is more concentrated.
Often, even institutions are controlling $H the pace, and the market is no longer just a simple emotional game.
So you will notice a very realistic problem: experience is becoming less "universal."
Cycles will repeat, but details will not be replicated.
This is also why, after spending several years in the crypto space, some people are becoming more stable, while others keep losing money.
The core isn't a gap in ability, but whether you have updated your trading approach to the environment.
The real difference is never about how good you are at predicting rises and falls, but whether you can identify "what the current market rules are."
The environment has changed. If your methods don't change, essentially you're using a map from the past to navigate the present.
Ultimately, those who can survive long-term in the crypto space are not the best predictors, but the first to adapt to change.