Seeing a lot of comparisons to April but that seems mostly just based on sentiment (people dooming because price is down). In April crypto got sold off with the rest of the market, and boomers were having a full on a panic attack and screeching about the end of the world, whereas right now weakness is isolated to crypto. Also in April we had big beautiful bill to look ahead to, so there was a trade in betting on austerity being a bluff while entire market was massively oversold and boomers were jumping out of windows because of “yields” or “credit spreads” or similar nonsense (compare BTCUSD with BTCEUR from April to now). There is nothing like that at the moment. Bull case is basically price will go up because price is down (only alts really, BTC isn’t even down that much). It makes more sense to me to think of what we’re seeing now as the end of the April tariff-austerity-bluff trade rather than something similar to its beginning.