Break down this 2022–2025 Bitcoin cycle into separate parts:

In 2023, the maximum drawdown was 22%; in 2024, 34%; in 2025, 32%—every year has at least one substantial drop.

A bull market doesn’t mean one-way upside. A once-a-year double-digit pullback is normal, not a surprise.

Most people don’t lose money because they misread the direction; they lose because their position size can’t survive that 30% volatility, forcing them to hand over their coins at the lowest point.

So the question shouldn’t be, “Will it drop again?” It should be, “If it drops 30% tomorrow, will my position still be alive?”

Only those who can answer that question have the right to talk about holding through the entire cycle.

Wishing us all the best~