Eyes glued to the Candlestick, fingers tapping away on the mouse - I estimate that many people are like this right now.

Last night, Bitcoin crashed below 90,000, and my WeChat group exploded. Messages like "Can't hold on anymore, need to cut losses" and "The bear market is really here" flooded the screen. It reminded me of those days in 2023 when it fluctuated around 30,000. Back then, just like everyone now, I was chased by the news, dreaming of breaking 100,000 with a slight rise, and getting scared back to the 20,000 era with a slight drop.

The insights from five years of watching the market are actually very simple: news is always the "tail" of the market, never the "lighthouse." The real trends often start quietly when the entire network is most fearful.

**The market is screaming, but this could just be a signal**

This wave of decline is indeed shocking - Bitcoin has dropped from a high of 126250, falling below 90,000 for the first time in nearly seven months, and has lost 30% of its gains in just over a month. The profits from 2025 are basically wiped out.

The level of panic can be seen from the data: in the past day, over 170,000 people were liquidated on the exchange, with a liquidation amount reaching $947 million (equivalent to 6.7 billion yuan). Long positions lost 650 million, while short positions only lost 280 million—this indicates that those who insist on going long are already on the edge of a cliff.

I've seen too many people collapse at times like this. I still remember the market in 2024 that dropped straight from 110,000 to over 70,000. At three in the morning, when I was watching the market, my palms were all sweaty, and I almost handed over my assets. So what happened? Not long after, it climbed back from 70,000 to 100,000.

It’s always like this. The most painful moments are often the turning points.