Remember election night?
Bitcoin blasted through $100K.
Group chats were nothing but 🚀🚀🚀.
Crypto Twitter was calling for $200K BTC by spring.
Ethereum at $10K.
$BNB at $3,000.
It genuinely felt like we had just unlocked infinite money.
Fast forward to now.
Bitcoin is sitting around $66K — down nearly 42% from the top.
And the vibes? Completely different.
Let’s talk about what actually happened.
The “Pro-Crypto President” Narrative
When Trump won, the market didn’t just rally — it exploded.
The narrative was clean and powerful:
America would become the crypto capital of the world
Gary Gensler would be fired on day one
A Bitcoin strategic reserve was coming
Regulation would finally favor innovation
For the first time, it felt like Washington might actually support crypto instead of fighting it.
And price reflected that belief.
Bitcoin flew past $100K like it was nothing.
Altcoins were ripping.
Even random low-cap memes were up 300%+.
Those weeks felt historic.
But narratives move faster than reality.
The $TRUMP Coin Moment
Right before inauguration in January, something happened that nobody expected:
Trump launched his own meme coin — #TrumpNFT
At first, it sounded fake.
The President-elect launching a meme coin days before taking office? No chance.
But it was real.
Within hours, the token reached billions in market cap. Early buyers made absurd gains — life-changing money.
But most people weren’t early.
Most bought after it was already massive, thinking:
“There’s no way the President’s coin dumps… right?”
Wrong.
The coin crashed hard.
80–90% drawdowns from the top.
And here’s the part that hit different:
There was no follow-up.
No clarification.
No reassurance.
Just silence.
For many regular people — not traders, not degens — this wasn’t “just another meme coin.” It felt official. Backed. Protected.
It wasn’t.
That was the first crack in the “crypto savior” narrative.
After the Hype
Yes, Gensler was removed.
Yes, some crypto-friendly names were appointed.
But the bigger promises?
Bitcoin strategic reserve?
Major regulatory overhaul?
Clear national crypto framework?
Nothing concrete yet.
Instead, attention shifted toward tariffs, trade tension, and broader economic policy. And when macro uncertainty rises, risk assets bleed.
Crypto is still a risk asset.
Bitcoin rolled over:
$100K → $95K → $85K → $75K → $66K.
The “Trump pump” slowly faded.
The Reality Check
Here’s the uncomfortable truth:
Politicians are not portfolio managers.
They are not market makers.
They are not responsible for your entry price.
The market rallied on expectations.
It corrected when those expectations didn’t immediately materialize.
That’s not conspiracy.
That’s cycle mechanics.
Every bull run has a euphoria phase where people believe:
“This time is different.”
Every correction reminds them:
It never is.
What This Actually Means
Bitcoin at $66K isn’t dead.
It’s not the end of crypto.
It’s not proof the industry failed.
It’s what happens after vertical price discovery meets reality.
Markets overshoot.
Narratives inflate.
Speculation outruns fundamentals.
Then price resets.
If you survived 2022, this isn’t new.
If you entered at $100K, it feels brutal.
Both can be true.
The Bigger Lesson
The $TRUMP coin situation — whether you participated or not — exposed something important:
Blind narrative trust is dangerous.
Not just in politics.
In crypto too.
Don’t buy because of a name.
Don’t buy because of hype.
Don’t buy because everyone on your timeline says “inevitable.”
The market doesn’t care about hopium.
It doesn’t care about election wins.
It doesn’t care about your influencer’s price target.
It moves based on liquidity, macro conditions, positioning, and psychology.
Right now?
We’re in the “cooling off” phase.
Final Thought
Crypto didn’t go from “We’re So Back” to “It’s So Over.”
It went from euphoria to normal market behavior.
And if you’ve been here long enough, you know:
Corrections don’t end cycles.
They reset them.
The real question isn’t whether Trump is pro-crypto.
#USTechFundFlows #BinanceBitcoinSAFUFund #MarketSentimentToday
