This will go down in history as the Great Shakeout of 2025, and I'd like to offer some perspective, some positivity and hope for people in the crypto market here. Lots of people are clearly hurting now, we've been delivered multiple punches recently and lots of people are showing signs of losing faith, some partially and some altogether. Losing money is painful and it is without doubt an emotional game. Do bare in mind that everything is only ever a paper win or loss until you have actually sold. The greatest victims in this market are those who think they can outsmart or guess where the market is going by leveraging and longing or shorting the market. Trading with leverage in the crypto market is financial suicide - just stop it, it is the fastest way for people to destroy their chances within what is the greatest wealth accumulation opportunity of all time. I have always remembered Raoul Pal's ( @RaoulGMI ) position on it, leveraging has always been a key part of his @RealVision's "Don't Fuck This Up" thesis, and today those words couldn't be more abundantly clear. Lots of people are crying about market manipulation, yet they are out there placing leverage, long or short positions. Is this not a bit like playing poker and letting everyone know what your cards are before they lay their hands? All we are doing here is allowing the exchanges, the market makers, the institutions and the whales to enter the market with far greater financial power to counter positions and liquidate them, which is what is repeatedly happening. I've no idea how people do not recognise this. For everyone who are shouting the market is over, or are sitting there fearing as much, just take a step back and look at the bigger picture. We are on the verge of a solid rate cutting cycle. Trillions of dollars of debt across the world needs to be refinanced. QT is about to end which will be followed buy QE, massive liquidity is going to be flooding in. The entire global monetary system is in the process of being migrated on-chain. No bear market has ever been born out of fear, it comes from peak euphoria, which we clearly haven't even touched. We have key regulatory acts that are on the cusp of being announced. Financial institutions are buying crypto. Actual countries are buying cryptos. ETF's are being approved. We are in the glorious position of being able to take part in what is the greatest financial revolution of all time - let that sink in. The reality is the crypto space has never, ever looked this bullish before and what we are seeing now will go down as the greatest shakeout. Don't become a victim of it. I have always said that the key to maximising the gains in this market is to buy solid utility projects with real fundamentals that will attract real adoption. Buy with conviction, hold and do nothing. Shut out the noise, and simply do nothing. It is also the key to riding the multiple drawdowns that are characteristic within every bull cycle, and now is no different. Crypto isn't for the faint-hearted, you have to program yourself differently when navigating this market. Those who overestimate their own intelligence, who are constantly buying in and selling out, changing lanes, thinking they can predict the market, taking long and short positions and chasing dick-driven greed through insane leveraging will invariably become the fallen soldiers of the market, and will ruin their chances in the greatest wealth accumulation opportunity of all time. And those who buy, hold, shut out the noise, and do nothing, will most likely achieve the success they set out to achieve. I can't emphasise this enough but for anyone who is looking to educate themselves and to gain an advantage in navigating the crypto space, and who want to develop an understanding of the things that truly drives asset prices, take a look at joining Real Vision @RealVision, it is by far the best thing I ever did. The team are incredible and it has a fantastic community for you to connect with. The information and insights they part with is pound-for-pound the most valuable alpha and intelligence that you could possibly absorb. The intelligence and understanding you will gain will help you to sail through these shit storms with a far greater calmness, to take a step back from the chaos and shut out the noise. As always, stay calm and don't fuck this up. Holders will outperform traders.