As someone who's on his 3rd crypto bear cycle, in my experience we haven't hit bottom until a lot of people think that Bitcoin/Ethereum will never hit their all-time-highs again.
Right now, the majority of people reading this probably think the idea of BTC never hitting $60k again is preposterous. I do too. But that's how you know that we haven't hit bottom yet.
Back in 2019, when BTC dropped down to $3500, after hitting its previous ATH of $20,000 in 2017, people really started to believe that crypto was just a one-time fad, like Beanie Babies.
They liquidated their -90% portfolios because "why not? Nothing to lose." That was the bottom.
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