Miners capitulating, the worst possible geopolitical news, security breaches, hacks of hundreds of millions, well-known projects closing and being abandoned, social media in absolute silence...
The last remaining believers are starting to doubt, selling at a loss and abandoning the game.
There is no volume, no liquidity, no innovation, no new projects worth pursuing, nothing interesting, no future outlook, Altcoins keep bleeding after a -999% drop with no rebound...
The sentiment is no longer terrifying or ominous, there is no fear, it is not even sad, it has broken all those levels; market participants feel nothing, there are no emotions, only apathy, depression and existential crises.
It is the closest thing to being dead while alive.
If this is not the floor... if the floor isn’t very close... it’s because there is no floor.
