Crypto is a swamp. After seeing the collapses, bankrupt exchanges, dead coins, and thousands of people getting wiped out, most rational people should never touch it. But no matter what happens, the system keeps pulling in new victims. Especially the exchanges. They will always find a way to reset the narrative and attract fresh liquidity. Look at the period before the 2017 bull run. Those were some of the most exhausting, confidence destroying days in crypto history. And then the biggest exchange of that era collapsed. A massive share of market volume ran through it, and when it went down, people lost an insane amount of funds. Thousands got wrecked. In a normal world, that should have killed adoption for years. But what happened next? A loud, aggressive altcoin rally appeared. And that rally did one job: it covered the past with greed. It made people forget the victims, forget the risks, and repeat the same sentence: “Crypto is easy money.” Then 2018 happened. Same thing before 2021. Tons of coins that did crazy multiples in 2017 either disappeared, went to zero, or never came back. Again, thousands got hurt. And again, the market needed new blood. So another altcoin rally showed up, and the next wave of victims walked right in. And it will happen again. FTX, the sudden nukes, the failed projects, the endless scandals. None of that will stop the next wave from arriving. Because the only way to bring new people into a swamp is to give them a few weeks where it feels like free money. That’s also why your current drawdown feels unbearable, but in crypto it’s not “unusual.” Down 70% is catastrophic in traditional markets. In crypto it’s a normal chapter. And during an altcoin rally, you’ll watch portfolios go from deep red to green in days. And the most brutal part is what comes next. Moves will keep going longer than seems logical. Levels that “must dump” will keep pushing higher. Shorts will keep opening because people can’t stand missing the pump, and they’ll tell themselves “If I didn’t win the rally, I’ll win the crash.” Those shorts become the fuel.