# BTC crashed from 126K to 59K, 2 trillion evaporated, is the cycle really dead?
On the night of June 5th, BTC broke below 60K for the first time in over four years, plummeting to 59207. At that moment, my phone was vibrating like an earthquake—every chat group exploded. Some shared screenshots of their liquidation notices, "600K gone," while others shouted, "countdown to zero," and some were yelling, "buy the dip." Same price, totally different fates.
Since the peak of 126080 last October, BTC has more than halved, dropping over 50%. The total crypto market cap has evaporated nearly 2 trillion from its 4.4 trillion peak. This isn't just a correction; it's a reshuffle.
I've been in this game for eight years and have seen too many times people "buy the dip at halfway up the mountain." The worst was in 2018—I started buying in batches at 8000, added at 6000, then at 4000, and by the time it hit 3000, my account was down to a third. When the real bottom of 3200 came, I was out of bullets. Watching others buy at 3200 and fivexing their investment a year later felt worse than just losing it all.
After that, I set a hard rule for myself: always buy in batches, and never let a single position exceed 20% of my total capital. I’d rather earn less than go to zero.
This round is both different and the same as every other round in history. What's different is the SpaceX 75 billion IPO draining liquidity, AI sectors stealing the spotlight, and ETFs turning from a positive to a drag. What’s the same is—when the fear index is in single digits, buying has never lost me money.
The last time the fear index was in single digits was during the FTX collapse, and before that, it was 312. In hindsight, both of these marked major bottoms.
I’m not shouting to buy the dip, nor am I calling for zero. My strategy: keep spot holdings steady, place buy orders in batches below 59000, and keep my position size under 20%. If I'm wrong, I own it; if I'm right, I can profit. This market never gives the same signal twice.
#BTC #比特币 #熊市 #加密货币 #market
On the night of June 5th, BTC broke below 60K for the first time in over four years, plummeting to 59207. At that moment, my phone was vibrating like an earthquake—every chat group exploded. Some shared screenshots of their liquidation notices, "600K gone," while others shouted, "countdown to zero," and some were yelling, "buy the dip." Same price, totally different fates.
Since the peak of 126080 last October, BTC has more than halved, dropping over 50%. The total crypto market cap has evaporated nearly 2 trillion from its 4.4 trillion peak. This isn't just a correction; it's a reshuffle.
I've been in this game for eight years and have seen too many times people "buy the dip at halfway up the mountain." The worst was in 2018—I started buying in batches at 8000, added at 6000, then at 4000, and by the time it hit 3000, my account was down to a third. When the real bottom of 3200 came, I was out of bullets. Watching others buy at 3200 and fivexing their investment a year later felt worse than just losing it all.
After that, I set a hard rule for myself: always buy in batches, and never let a single position exceed 20% of my total capital. I’d rather earn less than go to zero.
This round is both different and the same as every other round in history. What's different is the SpaceX 75 billion IPO draining liquidity, AI sectors stealing the spotlight, and ETFs turning from a positive to a drag. What’s the same is—when the fear index is in single digits, buying has never lost me money.
The last time the fear index was in single digits was during the FTX collapse, and before that, it was 312. In hindsight, both of these marked major bottoms.
I’m not shouting to buy the dip, nor am I calling for zero. My strategy: keep spot holdings steady, place buy orders in batches below 59000, and keep my position size under 20%. If I'm wrong, I own it; if I'm right, I can profit. This market never gives the same signal twice.
#BTC #比特币 #熊市 #加密货币 #market