Recently, the most discussed topic in the crypto world is this: Bitcoin has fallen from $126,000 in October, with a drop of over 30%, and is now fluctuating in the range of $85,000 to $95,000. You can clearly feel the change in market sentiment—those institutions that were shouting for $150,000 and $200,000 at the beginning of the year are now silent, and the Fear & Greed index has even dropped to the extreme fear zone at one point.

The reasons for the pullback are actually quite clear. On one hand, macro liquidity is tightening, US Treasury yields are high, and large institutions are reducing their positions to avoid risks. On the other hand, there is a gap between policy expectations and reality; the speed of regulatory benefits being realized is not as fast as imagined, which has led some profit-takers to choose to exit. The situation is even worse for altcoins; although the Meme coins in the Solana ecosystem once experienced a surge, liquidity ultimately concentrated on Bitcoin before flowing out again, leading to a differentiation in the entire ecosystem.

However, from a historical perspective, December is actually a traditional rising month for Bitcoin, with an average increase of over 8%. There is often a so-called "holiday market" around Christmas. Coupled with the possibility that the Federal Reserve may continue to signal easing, the probability of a sustained bull market in 2026 is still quite high.

The current question is: is this position a good time to buy the dip, or should we continue to wait for a lower bottom? Do you think it can break 100,000 by the end of the year? Or will this adjustment continue until the New Year? What does everyone think?