2025: The Final Stage of a Financial Cycle?

Today is the last day of August 2025, which means there are only 4 months left this year. This is also the final phase of the growth cycle in major markets – from the American stock market to the cryptocurrency market. We are entering the "final curtain" of a wave that has lasted nearly three years.

1. Looking Back at the Journey Just Passed In 2022, the aggressive interest rate hike policy of the Federal Reserve Mỹ (Fed) caused major markets to collapse. However, in 2023, recovery began to take place: The American stock market and Bitcoin are the two markets that have rebounded the earliest, marking the beginning of a new growth cycle. If we look closely, we will see that capital has gradually flowed into the AI and technology sector. This shows that the nature of the current cycle is a technological boom, especially AI – the factor connecting three seemingly different markets. And so far, we have gone through nearly 3 years of continuous price increase.
2. The Last Few Months of the Party The last four months of 2025 are not a time to "start a new dream," but rather the craziest moment of the final stage. With cryptocurrency, the familiar rule repeats: intense excitement often appears right at the end of a bull run. The final wave always leads many to believe that the market "will never stop." Meanwhile, American stocks move more slowly, with less drama, like those who quietly close the party. But every party must come to an end 2026 is likely to be the year that starts a new downcycle.
3. Why Will 2026 Be Harsh? The financial market operates in cycles: Borrow – Spend – Then Repay. For the past three years, cheap capital and high profit expectations have driven investors to borrow, pushing asset prices to soar. But when it comes time to "pay the debt," the market will adjust sharply to absorb the excessive loans and overvaluations. Imagine this: Ethereum could reach 6,000 USD this year, but it would not be surprising if it returned to 1,000 USD two years later. Between these two extremes, countless people will lose everything, from assets, reputation to businesses. In the previous cycle, SBF and FTX were symbols of collapse. In this cycle, there will be other figures and organizations falling into similar circumstances – it's just the names that change.
4. Reminder for Investors In the last months of 2025, opportunities will certainly still exist, and short-term profits may even be more brilliant than in the past three years. However, with profits comes enormous risk. Stepping into 2026, the smartest strategy will be: Narrowing position: gradually reduce investment scale. Cutting leverage: do not let debts blow you away. Prioritizing defense: protecting capital is more important than earning additional profits. Because a brutal year is waiting ahead, and the true winner is not the one who makes the most at the end of the cycle, but the one who retains the most as they enter the new cycle. 👉 In summary: 2025 is the final song of a three-year bull run. 2026 will be a severe test for all. Enjoy these final months, but don’t forget to prepare for a new winter coming.