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The Most Expensive Time to Quit Crypto
Bitcoin Is Nearly 50% Off Its Low. Here’s Why That Matters.
I know this has been a brutal stretch to be a crypto investor.
Bitcoin is still 32% below its October 2025 high of $126,000. Most altcoins have been hit even harder. And every few days it seems like there’s another reason to question whether you should still be invested in this asset class.
Look at what bitcoin had to absorb just last week.
The war with Iran pushed oil back above $100 per barrel, making the inflation problem even harder for the Federal Reserve to solve.
Then the Senate failed to move the CLARITY Act forward, stalling one of the biggest pieces of crypto legislation in Washington.
A day later, the Fed raised interest rates for the first time in more than three years, giving investors another reason to pull money out of risk assets like crypto.
If you’ve looked at all of that and wondered whether the smart move is to sell, salvage what’s left, and come back when things feel safer, I get it.
In the past, the headlines we saw last week would’ve absolutely crushed bitcoin. And BTC has taken some hits. But every time it gets knocked down, buyers keep stepping back in.
As of this writing, bitcoin is nearly 50% above its 2026 low of $57,700.
That tells me something.
People still feel lousy about crypto. The headlines are still ugly. But the price is holding up far better than you’d expect given everything being thrown at it.
My read is that – behind the scenes – stronger hands are coming back into this market.
And given the money we’re seeing move through the institutional channels, I believe some of those buyers are the same big-money players who have driven every major Crypto Wealth Wave before this one. (More on those wealth waves in a moment.)
In fact, if all I had to offer you right now was, “Don’t worry. Crypto is going back up. Just trust me,” you should ignore what I have to say today.
I’ve been through too many cycles to ask you for blind faith.
What I want to show you instead is a pattern I have watched play out again and again since I first got into crypto in 2016.
Bitcoin Moves in Waves