Cicli del Bitcoin: Cosa ogni crollo insegna ai sopravvissuti

INSIGHTER Yi Xi · 2026-02-12T20:41:06.000Z

La storia del Bitcoin non cambia i numeri, si espande solo. 2017: vicino a $21,000 → oltre l'80% in meno. 2021: vicino a $69,000 → circa il 77% in meno. Ciclo recente: intorno a $126,000 → oltre il 70% di correzione. Ogni volta sembra diversa. Ogni volta la storia suona nuova. Eppure la struttura si ripete: aumento parabolico, euforia pubblica, espansione della leva, poi un forte ripristino. Ciò che cambia non è il modello, è la scala. Il Bitcoin viene scambiato all'interno di un sistema globale guidato dalla liquidità. Quando la liquidità si espande, i capitali fluiscono aggressivamente verso beni scarsi. La domanda accelera più velocemente di quanto l'offerta possa adattarsi. Il prezzo supera il limite. Quando la liquidità si contrae e la leva si disfa, lo stesso meccanismo riflessivo funziona al contrario. La vendita sostituisce il FOMO. Il sentiment collassa. La diminuzione sembra permanente.$BTC

History in Bitcoin doesn’t change the numbers just expand.
2017: near $21,000 → over 80% down.
2021: near $69,000 → roughly 77% down.
Recent cycle: around $126,000 → more than 70% correction.
Each time feels different. Each time the story sounds new. Yet the structure repeats: parabolic rise, public euphoria, leverage expansion, then a sharp reset. What changes is not the pattern it’s the scale.
Bitcoin trades inside a liquidity-driven global system. When liquidity expands, capital flows aggressively into scarce assets. Demand accelerates faster than supply can adjust. Price overshoots. When liquidity contracts and leverage unwinds, the same reflexive mechanism works in reverse. Selling replaces FOMO. Sentiment collapses. The drawdown feels permanent.$BTC 
Volatility is not a flaw in Bitcoin. It is structural behavior of a high-beta, fixed-supply asset discovering price globally.
The real damage during crashes doesn’t come from price itself it comes from positioning.
Overexposure at peaks.
Excess leverage.
No liquidity reserves.
No pre-defined invalidation plan.
Historically, 70–80% drawdowns are normal for Bitcoin. That doesn’t make them easy it makes them expected. If your position size cannot survive that range, risk management is misaligned.
Survival in downturns is engineered before the downturn begins: Reduce leverage early.
Size positions realistically.
Separate long-term conviction from short-term trades.
Maintain liquidity for optionality.
Study macro liquidity conditions instead of reacting emotionally.
Every crash feels existential. In 2018, people believed Bitcoin was finished. In 2022, many believed institutional adoption was over. Fear narratives dominate bottoms the same way greed dominates tops.
The lesson isn’t that Bitcoin crashes.
The lesson is that cycles amplify human behavior.
Euphoria builds fragility.
Fragility triggers collapse.
Collapse resets structure.
History repeats in structure not in headlines.
The real question isn’t whether another downturn will happen. It will.
The question is whether you’ll be positioned to survive it.
#CZAMAonBinanceSquare #USNFPBlowout #WhaleDeRiskETH #TrumpCanadaTariffsOverturned 

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