People still thinking about a bull market—can you imagine how bad it might get next?

I think the worst part might not be the drop itself, but the time—a long, grinding downtrend will break most people, and it’ll take at least a few months to recover.
Brother Jiangzhuo said the bottom is around October, and I think it’s close—maybe in the next few months.
What was the last cycle like?
Narrative after narrative, sector rotations nonstop, everyone thought they were geniuses, even air could be hyped into market cap, so the subsequent bear market was thorough and complete.
This time, most of the time Bitcoin is rising while altcoins are being distributed, many projects haven’t even had a proper main upswing before they start telling the next story—like the trendy memes that end quickly, then start again, then end again. The last bull market felt like a carnival, this one feels more like institutions huddling together for warmth; everyone gets rekt, it’s all about who runs faster, and those who run slow are left cold.
In a bear market, you earn money from knowledge, not from speed.
People who stare at the charts all day will most likely train themselves into excellent swing traders, and when the real bull market comes, they won’t be able to hold anything! (Even though this time diamond hands got taught a lesson.)
As for what to do in the next cycle?
I cleared my positions around $100k BTC, then changed my name to "Air Force Never Surrender," and only played small contracts after clearing, waiting for opportunities.
But my conviction has never changed—the drop will only lead to a higher bounce; I will buy back spot at 40-50k!
Also, the market won’t simply repeat history, but one thing never changes:
A bull market kills retail with greed, a bear market kills them with hope.
#btc