Recently, the circle has been very quiet. People are no longer discussing when BTC will hit 100k, but are guessing whether it will drop to 50k or even 40k.

This kind of unanimous bearish sentiment is actually more worth pondering than a simple decline.
The market usually doesn't follow a script; it runs according to expectations.
Everyone is waiting for that "lower price," indicating that panic hasn't reached its peak, but opportunities are indeed slowly emerging.
The true bottom is often formed when no one dares to buy the dip, or even no one wants to talk about crypto.
That process is extremely torturous and will repeatedly harvest all the overconfident short-term traders.
The current buy signal cannot just look at price; we need to look at the supply share of long-term holders.
If this ratio rises for three consecutive months and exchange balances show net outflows for nine consecutive weeks, that is when the main players are silently accumulating.
Before that, all rebounds may be for a more severe dump.
If you are itching to trade now, you can try a 1:3 hedging strategy:
For every BTC spot you hold, open a 3 U short position in the perpetual contract.
Last year, many hedge funds used this method to reduce drawdown by 11%.
Many times, everyone foresees the opportunity in advance, but loses courage when the opportunity truly arrives.
Because the news at that time will be ten times more terrifying, and sentiment a hundred times more pessimistic than now.
Lengthen the DCA cycle to monthly, and turn off leverage.
The biggest competitive advantage in a bear market is the ability to endure boredom.
When the market is all entangled in defending the 60k level, you should ask yourself:
When the next bull market returns, will my chips still be in hand?