#比特币市场行情 Looking at Bitcoin falling below the 0.75 cost benchmark percentile line, I can't help but think of the ups and downs of the past. This level has always been regarded as a Bear Market zone, repeating the historical trajectory. Reflecting on 2018 and 2020, during each first round of the bull to bear transition, it would reach this position. Currently, nearly 40% of the chips have entered the loss zone, and it feels as if we have returned to those darkest moments of the past.

But history tells us that the market always nurtures hope in despair. After each bottoming out, there will always be a wave of rebound driven by extremely suppressed emotions. However, this kind of rebound is often difficult to sustain. Too many chips are waiting to be released, just waiting for the rebound to exit. A true bull market needs to stand back above and maintain above the key level of 0.75.

In this round, will we repeat the script of history again? Or will there be new variables? In any case, it is crucial to remain calm and rational. After all, having been in the coin circle for so many years, I have long seen through the ups and downs. Now, let us quietly wait for the market to unfold and find the direction of the future in the echoes of history.