2025-12-31 18:29:36

2025 is coming to an end, and this year has been full of stories in the crypto market. Trump, AI, stablecoins, spot ETFs, perpetual contracts, prediction markets, ICOs... almost every hot topic has been accompanied by waves of investment opportunities. At the beginning of the year, the policy dividends from the new government pushed the market to new highs; but by mid-year, those imaginative narratives started to collapse, and the market's enthusiasm and confidence cooled down accordingly. From highs to silence, a full cycle has been completed in one year. The entire industry has witnessed the gap between expectations and reality, and has also seen the rhythm of market liquidity and confidence changes.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

7 Likes

Reward
7
4
Repost
Share

Comment

0/400

liquidation_surfer

· 5h ago

The narratives that were hyped at the beginning of the year all collapsed by mid-year. This is the crypto world haha --- Another "full cycle," sounds so grand, but it's really just an excuse to cut the leeks --- Liquidity, confidence... are all gone, only my losses remain --- Policy dividends? I really want to know who actually made money --- From high to silence, my holdings have also completed a "full cycle" --- Predictive markets, perpetual contracts... no matter how many tricks there are, they can't change the ending --- The narratives that started to disintegrate mid-year, why didn't anyone clarify them at the beginning of the year? --- Wait, who has been making money this year? I haven't made any

View OriginalReply0

GasFeeNightmare

· 2025-12-31 18:38

Late at night, I saw gas surge to 80 gwei again. The early year's profit wave is long gone, and now it's only left for selling at a loss.

View OriginalReply0

FlashLoanLarry

· 2025-12-31 18:35

ngl the opportunity cost of chasing every narrative this year was brutal... saw too many anons get liquidated on the liquidity depth collapse mid-year. thesis validation takes time but most didn't have the capital utilization discipline for it

Reply0

DeFiCaffeinator

· 2025-12-31 18:30

The narrative that soared at the beginning of the year completely collapsed by mid-year. This is crypto haha --- It's another cycle of falling from heaven to hell, the old routine --- Basically, it's all about liquidity. No matter how good the story sounds, it can't beat no one taking the bait --- Did you catch Trump’s wave of dividends? Anyway, I didn’t get any --- Prediction markets, ICOs, all feel like a script of repeatedly harvesting the leeks --- From high to silence, how are those brothers who went all in in the middle? That’s the real problem --- Every time they say this time is different, and every time it’s the same. I’ve believed it so many times, I’m really tired --- That bunch of stablecoins is actually okay. They look powerful but can’t escape the cycle curse

View OriginalReply0