I'm going to be honest with you.

10/10 didn't kill crypto.
We did.
Everyone wants to blame Trump's tariff post. The leverage. The algorithms.
Sure:
→ $19 billion liquidated
→ 1.6 million accounts wiped
→ Bitcoin from $122k to $104k in minutes
→ $3.2 billion gone in 60 seconds
All true.
But let's stop pretending October 10th was some freak accident.
We watched it all happen.
→ Cabals launching memecoins every week and we called it "culture"
→ Influencers dumping on their own followers and we called it "alpha"
→ Celebrities selling tokens they didn't understand and we called it "adoption"
→ The President launching a token and we called it "bullish"
Nobody had a problem.
Portfolios were green. That was enough.
You know what's crazy though?
Even after all of that, Bitcoin was still carrying this entire industry on its back.
→ $110k
→ $120k
→ $126k
Real demand. Real accumulation. The one thing in crypto that actually worked was still working.
Then 10/10 happened.
And it wasn't the crash that broke people.
We've survived crashes before.
It was the realization that the whole thing had become a food chain.
And most of us were the food.
→ Every yield product
→ Every leverage tool
→ Every "can't miss" launch
All designed to move money in one direction.
Up. To whoever got there first.
Crypto started as the most exciting idea in modern finance.
→ Money without permission
→ Freedom without intermediaries
→ A genuine revolution
Now it's "what's pumping today" and "how do I 100x by Friday."
We traded a revolution for a roulette table.
And got mad when the house won.
BTC is under $70k. Retail is gone.
The people who extracted billions are posting vacation photos.
And we're still arguing about which exchange was more at fault.
Maybe the question isn't what went wrong on October 10th.
Maybe it's what went wrong long before that.