After being in the circle for so many years, this pullback is really hard to understand.

Shanzhai coins? In the past, every time there was a crash, someone would frantically bottom-fish, but now they can't even be bothered to take a glance. Those varieties that were once considered "golden pits" now seem to be collectively forgotten. What's even more exaggerated is that for the top 100 coins by market capitalization, there used to be funds willing to take a gamble, right? Now no one dares to touch them at all, as if they've all become hot potatoes.

I remember during the last bull market, when BTC dropped to a certain level, those who bought the dip were full of confidence, believing a rebound was just a matter of time. But this time it's different – several old-timers around me who have held BTC and ETH for years have surprisingly chosen to cash out and leave the market. To be honest, this shift in mentality is quite frightening.

The most crucial change may be here: the crypto world used to represent a technological revolution and opportunities for wealth; everyone thought it was something that would change the world. But now? AI is the true civilization-level innovation, with funds, attention, and narratives all shifting in that direction. It feels like after the burst of the internet bubble, everyone suddenly realized there were even bigger stories to tell.

The cycle is still the same cycle, but this time the script is indeed a bit different.

BTC-6.4%

ETH-8.96%

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SolidityNewbie

· 14h ago

The old people really can't hold on anymore, this time it's really different. --- To put it bluntly, it's AI draining blood, the stories in the crypto world can't be told anymore. --- The golden pit has turned into a hot potato, how did the mentality collapse so quickly? --- The heroes who bought the dip a few years ago are now hiding, it's quite interesting. --- Funds have gone to AI, this is real reallocation. --- Those who understand have all run away, what's left is a strange mentality. --- It's not a cycle issue, the narrative has really shifted. --- In the past, big dumps attracted a rush to buy the dip, but now no one even looks, what does that indicate? --- Does the sense of finality in the crypto world feel so strong now? --- It feels like collective unemployment, from believing in the technological revolution to being instantly killed by AI.

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RugResistant

· 14h ago

Honestly, the moment the old man closed all positions, I knew this time was different. --- The era of selling shovels is coming, I feel it. --- To be fair, when AI appeared, the narrative in the crypto world collapsed; who is still bragging about a technological revolution now? --- This wave of alts truly hasn’t attracted any attention, it feels too bizarre. --- Wait, those old suckers who haven’t moved for years have all run away? How desperate must that be? --- All the funds have gone to speculate on AI; has the crypto world really become yesterday's news? --- The cycle may repeat, but this time the atmosphere has completely changed, it's a bit chilling to think about. --- The enthusiasm for buying the dip is gone, which says more than any technical indicator. --- Since AI arrived, the crypto world can’t tell new stories, that’s the truth. --- No one dares to touch the top 100 coins, that's the most terrifying signal.

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GateUser-a5fa8bd0

· 14h ago

Damn, the old coins are all getting Cut Loss and Rug Pull, this time there's really no story left. --- Once the AI wave hit, Bitcoin became something that neither dad nor mom cares about, laugh out loud. --- That group of old buddies who have held for several years have all closed all positions, this signal is just too obvious. --- Alts have been completely forgotten, it feels like the entire narrative has changed, a bit scary. --- Cycles are cycles, but this wave's script is indeed twisted badly. --- All the funds have rushed to AI, the crypto world is really losing its heat. --- The era of buying the dip is over, now nobody even looks at it, it's over. --- This mindset shift is indeed frightening, what happened to the previous beliefs? --- Hot potatoes that no one dares to touch, the market has really changed its flavor. --- From changing the world to being pressed down by AI, the gap is a bit large.

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CrossChainMessenger

· 14h ago

Wait, even the old suckers are playing themselves this time?

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NotFinancialAdvice

· 14h ago

To be honest, the stories of the crypto world should have been wrapped up by now. Everyone has gone to AI, this wave is really different. The moment the old guys closed all positions, I knew something big was happening. I can't put it into words, it feels like the entire narrative has collapsed. Where is the previous hype? It's really gone now.

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SneakyFlashloan