Bitcoin, great disillusionment
- Thomas
- 4 minutes ago
- 1 min read
Bitcoin has plunged from its all-time high of $126,000+ in October 2025 (per Coinbase data) to around $63,000–$64,000 as of early February 2026 a brutal ~50% drop in just a few months (sources: CNBC, The Guardian, Reuters). The entire crypto market has shed roughly $2 trillion in value since that peak, falling from ~$4.38 trillion to much lower levels (CoinGecko via Reuters).
This freefall isn't isolated: altcoins, DeFi projects, NFTs, and countless tokens are bleeding alongside BTC, wiping out billions and forcing liquidations in the billions daily.
We built (and invested in) visions of decentralized, independent ecosystems sovereign money, uncensorable finance, worlds detached from central banks, inflation, and macro whims.
Yet reality hits hard: crypto remains hypersensitive to traditional finance. ETF outflows, risk-off sentiment, macro shifts (Fed pauses? Tariff fears? Recession signals?), and even political noise one ripple in fiat land, and the "uncorrelated" dream evaporates.
Is this the cycle we always knew? Or the great disillusionment?
Was yesterday's revolutionary solution quietly morphing into today's biggest vulnerability?
Accumulate the dip, HODL through the pain, or quietly reevaluate? 📉❄️
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