The cold moments in the crypto market are often the beginning of a major wealth shift.

December's crypto market is like a roller coaster—most people are dizzy from the ride, but I sense that familiar opportunity in the air. Having been in this space for many years, I am increasingly convinced of one rule: when everyone's opinion in the market is highly aligned, it’s actually a sign that a reversal is coming.

Currently, about 70% of market participants are betting on "breaking 90,000 by the end of the year." This one-sided bearish consensus actually presents an opportunity I haven't seen in years. It reminds me of the "Black Thursday" in March 2020—Bitcoin was halved in a day, and the whole network was shouting "cryptocurrency is doomed." But what happened next? It turned out to be the starting point of a new rally.

**Market sentiment has reached an extreme, and it's time for contrarian action**

The current crypto market is truly a tale of two extremes. On the morning of December 1st, cryptocurrencies experienced a flash crash—Bitcoin plummeted over $4,000 within two hours, briefly dropping below $86,000.

With this decline, the Crypto Fear & Greed Index dropped to 23, indicating extreme fear. But my historical data shows that whenever this index falls below 25, the market has a more than 70% chance of rising over the next 1 to 3 months.

Such extreme pessimism itself is the most sensitive contrarian indicator. When even newcomers are following the crowd in being bearish, those of us who have been in the market for years should instead stay alert. The market never favors blindly following the herd; it rewards independent thinkers. This sentiment has already sent the first key signal.

**On-chain data is speaking, whales are quietly positioning**

As an analyst, I never rely on intuition. I look at the data—especially on-chain data. That’s the true reflection of the real intentions of market participants.