We hoped that crypto winter will not come this time, but it came.
Who are "we? It’s impossible without a crypto winter, I was waiting for a crypto winter at the end of 2022-beginning of 2023, but it came much earlier. Well, how can it be without crypto winter at all? The market is structured in such a way that dumps follow pumps, investors have to buy cheap coins in order to then unload on new ATH, this has worked so far, and I think it will continue to work.
Although there is nothing wrong with crypto winter. When I was in the crypto winter of 2019, I hated this time, that everything fell and I can not earn, then later, I realized that it was a golden time ... a golden time to buy, when the market forms such prices, which you could only dream of before (in terms of purchases). I understand new investors, no one wants to become a bitcoin investor and meet a new bull run with an entry price of 40-60k for 1 bitcoin. It is very expensive, so from March 2021, many institutional investors began to reduce their purchases of bitcoin, as they themselves said that bitcoin is very volatile. But of course this is not true, bitcoin has always been volatile, they just missed the moment when there was a good entry point, and buying bitcoin at 30-40k in the long run is not very profitable. I think funds and institutional investors will perk up in terms of their purchases when bitcoin is around 10-20k, a good buying range, clearly better than buying at 40-50k. The market needs to unload in order to rush up, 3-4 year bullruns are a myth, this has never happened and is unlikely to ever happen.
In general, crypto winter is an integral mechanism of the crypto market, it will be repeated in the future.