#比特币流动性 The most heartbreaking thing in a bear market is: seeing numbers on the K-line chart, but the chips in your account are long gone. When trading counterparties are sparse and trading volume is sluggish, prices start to fluctuate repeatedly—turning short-term gains into losses in an instant, trapping long-term heavy holders in a cycle of repeated washouts, and ultimately forcing them to exit in despair.

To survive in this kind of market, the key is twofold: first, hold your core position and avoid going all-in; second, learn to do rolling T+0 trades. But there is a deadly trap here—lack of decisiveness in execution. Many people hesitate when taking profits, hesitate when cutting losses, resulting in increasing their positions in circles, and finally being squeezed so tightly they can't turn around. No matter how volatile Bitcoin is, it still makes money for disciplined traders.