Cryptocurrency markets are experiencing a significant downturn, with Bitcoin trading over 50% below its all-time high. The Fear & Greed Index, a measure of market sentiment, has reached historic lows, indicating widespread investor caution. Despite these challenges, the anticipated altcoin season has not materialized. However, the underlying infrastructure of the crypto market has evolved significantly since 2021. While prices have declined, the development and robustness of blockchain networks and related technologies continue to advance, suggesting a stronger foundation for future growth.