Do you remember that day in 1989? The Japanese Nikkei 225 index reached a historic peak of 38,915.87 — the climax of asset price surges throughout the 1980s— with real estate, stocks, and frenzied speculation filling every corner.

And then? The market experienced a spectacular free fall.

Why is this historical case worth repeatedly recalling? Because it perfectly illustrates what an asset bubble cycle looks like. Speculative enthusiasm drives prices higher and higher, ultimately facing a brutal correction. Just look at Japan's economy over the past thirty-plus years to see how deep that crash's impact was.

For those closely watching the crypto market, this history serves as a mirror. We've seen similar stories unfold repeatedly: excessive leverage, abundant liquidity driving assets to crazy heights, then... risk is released, and rationality returns. Each cycle repeats this ancient pattern.

History doesn't repeat exactly, but it often rhymes.