#比特币相对表现与市场现象 I've recently noticed many friends discussing the decline in BCMI indicators, and I'd like to share an observation. Based on the data, on-chain Bitcoin metrics are indeed continuously weakening. This isn't a simple short-term pullback, but rather a deep structural adjustment in the market. Historical cycles tell us that the bottoms in 2019 and 2023 both appeared in the 0.25-0.35 range for BCMI. While we haven't reached that level yet, this direction deserves attention.
Those who have experienced several cycles should understand that what tests you most during bear markets isn't timing, but rather mindset and position sizing. Rather than guessing where the bottom is, it's better to do two things now: First, review your portfolio structure to ensure risk is within manageable levels. Second, adjust your expectations and prepare mentally for long-term holding.
Market cooling phases are often accompanied by significant noise and panic emotions. What matters most then is whether you've truly established a sense of security. Maintain restraint, don't chase highs or panic buy at lows. Let time verify value. If you do this homework now, you'll avoid many detours down the road.
#比特币相对表现与市场现象 I've recently noticed many friends discussing the decline in BCMI indicators, and I'd like to share an observation. Based on the data, on-chain Bitcoin metrics are indeed continuously weakening. This isn't a simple short-term pullback, but rather a deep structural adjustment in the market. Historical cycles tell us that the bottoms in 2019 and 2023 both appeared in the 0.25-0.35 range for BCMI. While we haven't reached that level yet, this direction deserves attention.
Those who have experienced several cycles should understand that what tests you most during bear markets isn't timing, but rather mindset and position sizing. Rather than guessing where the bottom is, it's better to do two things now: First, review your portfolio structure to ensure risk is within manageable levels. Second, adjust your expectations and prepare mentally for long-term holding.
Market cooling phases are often accompanied by significant noise and panic emotions. What matters most then is whether you've truly established a sense of security. Maintain restraint, don't chase highs or panic buy at lows. Let time verify value. If you do this homework now, you'll avoid many detours down the road.