Freefall accelerates, but is this max pain before rotation?
Down 59% (1Y), 20% in 5 days, volume death spiral active—while BTC.D sits at 59% and Altseason Index at 43. Rotation is
TAO gets institutional credibility via a Grayscale trust and fresh SEC filing, while core developers plunge ~85%. Can decentralized AI scale with shrinking builders?
6 minute read
• LINK at $16.92 (-68% from ATH), retail appears largely washed out, yet SWIFT's targeted November production rollout could validate 4-year enterprise thesis
• November SWIFT catalyst is the single dominant variable—
Capitulation complete, Hydra scaling live, and governance turning on, either this the bottom that no one believes in or proof that fundamentals don't matter.
Cardano trades at $0.70, down 77%