Why does this bull market lowkey feels like a bear market? Retail’s not partying. No crazy NFT floors, no wild “we’re all gonna make it” energy like 2021. Instead… people are panicking. Newcomers that came in this year? They’re feeling like they showed up late to the concert, lights already dimmed, music fading out. The funny thing is, we’re literally watching Bitcoin break record highs,. and instutions getting into ETFs On paper, this is a bull run. But it doesn’t feel like one. Why? Because the vibe is different. This time, it’s quieter. Retail isn’t running the show anymore. The timeline isn’t full of moonboys and overnight millionaires. It’s just quiet accumulation, confused traders, and a lot of “is this it?” right now (1/2)

The OGs aren’t loud either. They’ve seen this movie before. Instead of tweeting 100x calls, they’re quietly rotating, positioning, waiting. I was talking to a whale, and he positioned first and then told me that he will start tweeting when macros change And while everyone’s watching influencers panic, institutions are the ones sliding in through the side door. ETFs are opening the gates. Big players are stacking in size. And while everyone argues about whether the bull is real, the real game is shifting behind the scenes. Interest rates willl most likely change everything.. Tarriffs did blow everyaway A lot of new retail folks are stuck staring at Bitcoin candles while the whales are already eyeing the next moves places like Solana, BNB, and Injective as ETF snarratives start bubbling up. This is the part of the cycle where most people get shaken out… right before it actually goes crazy. To me, I see it as It feels bearish, but under the surface, it’s getting loaded (2/2)