$76,000, Bitcoin has fallen below this level.

The group chat exploded, some said "The bottoming opportunity has arrived," others said "It's over, it's going to zero." That winter in 2018 was also filled with such panic and despair.
But this time is different.
Four consecutive months of decline, the first time since 2018. What does this mean? During the 2018 bear market, Bitcoin dropped from $20,000 to $3,200, an 84% decline. Now, this signal seems to be telling us something.
In 14 days, $570 billion in market capitalization evaporated. This is real gold and silver. Today, CME futures opened with an 8% gap down, with $2.5 billion in single-day liquidation.
The market is teaching those still dreaming in the harshest way.
When the ICO bubble burst in 2017, those all-in retail investors, some jumped off buildings, some got divorced, some never touched crypto again. During the Luna collapse in 2022, 40 trillion Korean won vanished instantly, and many people returned to zero overnight.
But after every crash, someone always asks me: Can I buy the dip now?
My answer is always: What do you have to buy the dip with?
It's not about money; it's about mentality. When Bitcoin drops from 100,000 to 76,000, you think it's cheap. When it drops to 70,000, you think it's even cheaper. When it drops to 60,000, you start doubting life. When it drops to 50,000, you start cutting losses.
This is the fate of retail investors: always buying at the high and selling at the low.
What about institutions? Giants like Blackstone and BlackRock, what are they doing now? They are waiting, waiting for you to be completely desperate, waiting for the blood to flow in the market, then quietly accumulating.
Michael Saylor of MicroStrategy is still shouting "Buy the dip" on Twitter, but what does he have? He has cash flow from a listed company, leveraged loans, and the determination to hold long-term.
What do you have? You only have a heart of a retail investor.
To be blunt, 90% of people will lose money in this decline. Not because of bad luck, but because of human nature. Greed becomes extreme greed, fear becomes extreme fear.
I have been in crypto for 8 years and have seen countless scenes like this. Every crash, someone says "This time is different," every rebound, someone says "The bull market is here."
But the truth is: the market never changes; only the faces of participants do.
What should you do now? My advice is simple:
If you are a all-in person, accept your fate now—either hold and wait for death, or cut losses and exit.
If you still have spare money, buy in stages, but don't expect a short-term rebound.
If you are already desperate, congratulations, you might be close to the bottom.
Remember one thing: When everyone is in despair, hope is on the way. When everyone is celebrating, disaster is just around the corner.
$76,000 is not the end, it might just be the beginning. But don’t be too pessimistic; the crypto story is always more exciting than you imagine.
Next time the bull market comes, remember this night, remember this price, remember this despair.
Because only after experiencing despair can you deserve hope. #加密市场回调 $BTC