The crypto market sentiment has deteriorated dramatically—worse than anything I've witnessed over the past five years. User activity on major platforms has nosedived, with widespread stories of projects disappearing and communities fragmenting. The ecosystem feels hollowed out compared to previous cycles.

Yet paradoxically, this is precisely when my conviction in Bitcoin strengthens. While altcoins and speculative tokens are witnessing capitulation, the macro setup for a potential bull run in Bitcoin looks compelling. The disconnect between pessimism and opportunity is striking. When sentiment reaches these extremes, contrarian positioning often rewards patient investors. Bitcoin's fundamentals and scarcity narrative remain intact, regardless of short-term market psychology.