In my experience, every time the market shifts from a simple trend to a more complex one, there's a surge of bearish sentiment towards crypto. I think that rather than being overly pessimistic, it's more important to recognize the cyclical nature of the crypto market as early as possible.
To be honest, the period from Mila's token launch in February to June was far more stagnant than recently. If you feel hopeless about crypto now, you were probably even more hopeless then. However, opportunities still emerged, such as DAT leading the ETH rally, XPL investment doubling your principal, BSC succeeding SOL as the main platform for Meme, and other hot topics like X402 and ICM.
From major events like the BTC halving every four years to minor localized market movements driven by various narratives, no coin will rise indefinitely, and no cycle will remain in an upward phase forever.
Most people don't have the ability to influence these cycles. Recognizing this means understanding that adapting to the cycle is the optimal solution. When liquidity is plentiful, focus your energy on seizing opportunities; when the market feels difficult, take profits and manage risk. There's no need to be prone to extreme emotions.
Hold onto hope where no one cares, remain calm amidst the clamor of the crowd. "Life is like the waves, sometimes high, sometimes low. Do you tell yourself to be strong and get through all the periods?"