I’ve never seen a cycle like this. Not in 2017. Not in 2021. 2024–2025 broke a lot of assumptions. Sure Bitcoin surged, but didn’t go to $300,000 like I expected. Most altcoins went nowhere. I’m down over 90% on some altcoins. There was no real rotation. No sustained momentum. Just short-lived pumps followed by heavy sell-offs. I also want to take responsibility here: I said more than once that an altcoin season was coming. That didn’t play out, and for that, I’m sorry. For a lot of retail, this wasn’t about missing upside, it was about surviving drawdowns. This didn’t feel cyclical. It felt structural. Maybe that’s the takeaway. Tough lesson. Hard cycle. I’m sorry for being to bullish last year, I was clearly wrong.