What if the market plays out like this: spot Bitcoin ETFs and spot Ethereum ETFs launch and draw massive inflows, traditional assets and commodities rally hard, yet Bitcoin still closes the year deep in red—trapped below resistance. Ethereum peaks right at its previous all-time high, unable to break through. Altcoins? Many hit near-zero lows during the mother of all liquidation cascades. Just when everyone capitulates, the wicks bottom out and bulls quietly start filling those downside gaps again. Classic market structure—the pain hits hardest before recovery begins.