Every cycle, the same question screams across headlines: “Why is crypto crashing?” If you’ve been around long enough, you know the answer is never just one thing. It’s a cocktail: overheated leverage, a shift in macro winds, a narrative running out of steam.
But here’s my take: calling it a “crash” is the wrong metaphor. Remember Day 9’s cold shower? That still holds. This isn’t death. It’s a shock.
Cold showers jolt your system. They feel brutal in the moment. You gasp, you curse, you want to leap out. But stay long enough and you realize: the shock clears your head, resets your body, strips away weakness.
The same thing happens here. Crypto’s “crash” is crypto’s cleanse. The froth — the meme coins without utility, the exchanges running on vibes instead of balance sheets — gets flushed out. What remains is leaner, tougher, more real.
This doesn’t make it fun in the moment. Watching your portfolio turn red never feels good. But ask yourself: are you investing for the adrenaline of green candles, or are you here because you believe in the decade-long arc of blockchain reshaping value transfer? If it’s the latter, then this cold shower is just part of the training regimen.
🔗 For reference, even mainstream outlets have embraced the term “crypto winter” — see this BBC explainer. I’ll stick with “cold shower,” because winter implies dormancy. But showers? They wake you up.
If you’ve stuck around through this, you’re already ahead of the tourists who ran for the towels.
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