Cryptocurrency market capitalization since the beginning of the year has decreased by approximately 20%.

Today, I checked in at 70k, ETH has retreated to levels from spring 2025,
SOL — completely in the past, at a two-year low.

And all of this is not happening in a single day,
but through a slow process of suffocation.

In the past 24 hours — another million long liquidations.
Almost 200,000 traders.
Classic: BTC, ETH, SOL — "surely a rebound is coming."

How long can this last?
Exactly as long as the market keeps feeding on the liquidation of hopes.

As long as hundreds of millions are taken out of the market every day — this is not the bottom, this is a process.

And then everything will be as always:
when most stop waiting for growth,
it will suddenly become possible.