Bitcoin fell below $90,000, why did I see a "golden pit"? The three-year anti-fall mindset of an old sucker.

Last night when Bitcoin broke through the $90,000 barrier, my phone was blown up again.

"Can't hold on anymore, should I cut my losses?" "Has the bear market really arrived?" The screen full of anxiety instantly transported me back to that thrilling night three years ago. At that time, I also sweated in my palms, staring at the candlestick chart and unable to sleep all night, almost handing over my bloodied chips at the lowest point. Not long after, the market taught me with a strong rebound: the real market trend is always born out of despair.

When the panic index goes off the charts, what is the smart money quietly doing?

A 30% fall in a month and a half, sliding from a high of $126,000 all the way down to below $90,000—this wave of correction was so severe that even the gains projected for 2025 have been completely wiped out.

Market sentiment is fully exposed in the data: the Bitcoin Fear and Greed Index has plunged from the "Greed Zone" to the "Neutral Zone", with long-term holders' selling volume hitting an annual high. Sounds scary? But old suckers know: when the market is discussing a bear market, the main players are quietly counting their chips in the corner.

Last year's late-night pullback almost made me surrender before dawn. Later, I realized that those fluctuations that keep you "awake at night" are precisely the market conducting stress tests, filtering out the weak hands.

The dollar faucet is tightened, but this time it's different.

The core logic of this round of fall is as clear as a textbook: the expectation of U.S. dollar liquidity has sharply declined.

The latest hawkish statement from the Federal Reserve suggests a delay in the interest rate cut cycle, which effectively tightens the "tap" on the global capital pool. When the water level in the pool drops, the first to run aground will certainly be the high-risk assets that require deep water to float. Bitcoin, as the king of volatility, is undoubtedly the first to bear the brunt.

But a key signal has been overlooked by most people: gold is also falling in sync. What does this reveal? It's not just a simple shift in risk appetite, but rather a systemic liquidity tightening in the dollar. When both safe-haven assets and risk assets are declining simultaneously, it indicates that the problem lies with the "water" itself, rather than the "boat."

Squatting is for breaking jumping records.

Reviewing the history of Bitcoin, one pattern is as clear as a brand: every deep correction is an opportunity for wealth redistribution.

A year ago during that turmoil, I checked the market software 20 times a day, shouting "breaking the previous high" when it rose by 2%, and panicking "going to zero" when it fell by 3%. In the end, my frantic trading was no better than the calm holders who just laid back.

The truth is that Bitcoin's real bull run only accounts for 20% of the time, while the remaining 80% is spent torturing human nature with sideways movements and fluctuations. The volatility in the later stages of the market will only become more intense—before every major surge, there is inevitably a drop of 30%, followed by a rise of over 50%. This is not a bug, it's a pattern.

The three "iron rules" of old suckers

Those who survive in this market all follow the simplest survival rule:

First, don’t fantasize about timing the market perfectly. No one can accurately predict the top or bottom; the real money is made by those who honestly take the most certain profits in between. One asset I invested in experienced three 30% pullbacks after I bought it, but I held onto my shares tightly and eventually reaped over 300% returns.

Second, stay away from two deadly traps: panic selling at the bottom and being blinded by greed at the top. Making money relies on three things - understanding the big trend, enduring small fluctuations, and not being controlled by emotions.

Third, trust the vision of institutions. Standard Chartered Bank's latest research report points out that if Bitcoin confirms a fall below $90,000, it may dip to $80,000, but this would be "an excellent medium-term buying opportunity." They maintain their long-term bullish logic as none of the core driving forces—institutional allocation, mature ETF channels, a sound regulatory framework, and on-chain financial demand—have disappeared.

The darkest hour is before dawn, but darkness is not the end.

When the tide of liquidity recedes, and the Federal Reserve finally turns on the faucet, those who panic sold below 90,000 will likely chase in above 120,000. The market always repeats the same play: the panickers cut losses, the hesitant watch from the sidelines, and the rational accumulate.

What you need to do now is not to stare at the market nervously, but to formulate your own investment plan. Should you opt for dollar-cost averaging or a lump sum investment? It depends on your risk preference, but be sure not to let panic dictate your decisions.

Hey guys, what do you think about this "golden pit"? Should we choose to panic sell or go against the trend and allocate? What are your trading strategies?

Welcome to share your views in the comments section. I will read every message seriously. If this article has helped you, don't forget to give a thumbs up, share it with friends in need, and follow me @CryptoGoldDigger. Next time, let's continue chatting about useful information!

Remember: Be greedy when others are fearful. This phrase always sounds like a joke, but in hindsight, it is the truth. See you in the comments!

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