From a speculative perspective to an asset perspective

When the decline approaches historical extremes, a subtle change occurs in the market: fewer discussions about getting rich quickly, more discussions about value. This marks the market's gradual shift from a speculative phase to an asset-focused mindset.

At high levels, people care about how many times it has increased; at low levels, they care whether it can still exist. It is during this doubt phase that long-term capital begins to seriously evaluate allocation value. Price drops do not automatically bring value, but they create windows for research.
For long-term participants, a more critical question is: will this asset still be needed five years from now? If the answer is yes, then deep corrections are just path fluctuations; if no, then even cheap prices could be traps.

Strategically, positions can be divided into observation positions and patience positions. Observation positions are used to track market rhythm, while patience positions are for long-term logical validation. This way, you stay in sync with the market without excessive psychological pressure.

In summary, extreme value regions act more like "filters," screening out those seeking quick profits and leaving behind those who truly understand the risks. Each new cycle often begins quietly brewing here.
#比特币跌幅逼近历史极值