$BTC is almost 50% down from its all-time high. Again. Nothing broke. The technology is the same at $66,000 as it was at $126,000.
The only thing that changed is how scared people are.
Technology? Same.
Supply? Still 21M.
Halving? Still done.
ETF flows? Still there.
Only sentiment changed.
This is $BTC 9th -50% drawdown in its history:
2011: -93%
2014: -86%
2018: -84%
2020: -63%
2021: -53%
2022: -77%
2024: -23% (small one)
2025: -47% (now)
Every single time people said "this time is different, it's broken." Every single time it wasn't.
Fear is the only indicator that actually works:
- At $126k - Everyone greedy, leverage max, "to $200k"
- At $66k - Everyone scared, "to $40k", volume drying up 2.03M BTC vs 11.7M at top
#USPPIMissMayEaseBTCPressure #BitcoinCoreDisclosesTorTrafficVulnerability #MANTRAPausesUnstakingFor7DaysAfterKeplrSecurityIncident #SpaceXTeslaMergerTalksWouldCombine30220BTC #Anthropic’s6xIPODemandSignalsPotentialRecordRaise