What Just Happened? ‘Go Back And Study The Last Bull Market’

The cryptocurrency market's recent downturn has left many traders scrambling. Adam Cochran, a prominent crypto analyst, urges market participants to revisit the patterns of the previous bull cycle before employing leverage strategies. His thread on Crypto X serves as both a warning and a playbook for navigating volatile conditions.

Cochran's analysis reveals a critical insight: volatility expands dramatically as markets approach cycle highs. This manifests in sharper price swings and more violent pullbacks—particularly dangerous for overleveraged positions. The weekend effect, where Sundays often see exaggerated moves, further complicates trading strategies.

Seasoned traders recognize these patterns from historical cycles, but newcomers risk repeating past mistakes. Cochran's framework emphasizes disciplined position sizing and anticipation of liquidity shocks rather than chasing momentum. The current market structure suggests we're entering the phase where overconfidence meets reality—a transition that historically separates sustainable gains from catastrophic losses.