Being Devil’s Advocate on the “Big Reset” NarrativeBitcoin / US DollarCOINBASE:BTCUSDMihai_IacobI’ll start by saying this clearly: I hold a portfolio of altcoins right now, and honestly, I hope every influencer is right this time. I want the market to recover. I want the reset story to be real. But as I scroll through social media, I can’t help noticing how my feed is once again flooded with the same old enthusiasm —“The Big Reset happened!”, “This was the flush we needed!”, “Now it’s time to the moon!” It’s hard not to feel a sense of déjà vu. Because every time, the same narrative returns: "now it's time to buy", and the same faces repeat it. And when everyone suddenly agrees on one explanation — that’s exactly when I prefer to be the devil’s advocate. ________________________________________ Friday’s Crypto Crash: What Actually Happened? Last Friday, the crypto market went through what many now call “The Big Reset.” Around $20 billion in leveraged positions were liquidated in hours. Bitcoin dropped more than 10%, and most altcoins went way lower. The event exposed how fragile the market structure is when leverage, liquidity, and optimism align in the wrong way. It wasn’t surprising that it happened — it was surprising how easily it happened. The structure that seemed solid only days before crumbled in a few hours. Now, the new collective story is that this was the great cleansing — the painful but necessary flush before the next bull run. But let’s pause: is it really that simple? ________________________________________ The “Big Reset” Narrative Those who promote the reset idea usually say: 1.Leverage purge: The overleveraged traders are gone, giving the market a clean slate. 2.Healthy structure: Open interest dropped, risk is reduced, and the base is stable again. 3.Cycle logic: Every bull market needs a correction — this was simply the reset before new highs. It’s an appealing story — it makes the pain feel meaningful. But just because a story feels good doesn’t mean it’s true; in fact, most of the time it is not ________________________________________ Why am I starting to be skeptical? 1.The same voices, the same narrative The people calling this “the Big Reset” are often the same ones who have been announcing “altcoin season” for two years straight. Their optimism is permanent, not analytical; they only have ONE IDEA 2.Reset ≠ recovery Purging leverage doesn’t automatically bring in new capital. It doesn’t attract institutions, fix liquidity, or change macro conditions. It just resets the scoreboard. 3.No such thing as free money The idea that “now it must go up” assumes a law of easy profits. But if markets rewarded wishful thinking, no one would lose. I don’t believe in free meals — and definitely not in free money. 4.Survivor bias After every big drop, a few traders claim, “That was the bottom.” The rest remain stuck or silent. History is written by survivors. 5.Liquidity remains fragile After big volatility, liquidity providers retreat. The market becomes thinner and more unstable. It takes time — and real inflows — before confidence rebuilds. ________________________________________ The Devil’s Advocate View What if this wasn’t a reset at all — but a warning? •Maybe it’s a sign of deeper structural weakness. •Maybe this is the start of a longer, grinding correction rather than a quick purge. •Maybe the “reset” narrative is just a way to make pain sound constructive — a psychological shield against pain. In short, what if the “Big Reset” is just another feel-good illusion for traders who need to stay hopeful? ________________________________________ Between Hope and Reality The truth is that no one knows. Markets don’t move on declarations — they move on flows, liquidity, and psychology. So the best we can do is stay realistic: •Observe, don’t assume. •Manage risk and emotions. •Watch key levels and volume, not influencers. •Accept uncertainty as part of the job. If the reset truly happened, we’ll see it in structure, trend, and sustained strength — not in hashtags or memes. ________________________________________ Final Thoughts: No Free Lunch, No Free Money I’d love to be wrong on this one. I’d love for the market to stabilize and climb again. But history tells me to be cautious. Every time the crowd agrees that “this was it”, the market finds a way to humble everyone. So until proven otherwise, I’ll stay the devil’s advocate —because in trading, skepticism isn’t negativity; it’s survival.