📍 5. Current Situation (2025)
The market is currently going through a phase of rebuilding trust.
Major institutional investors have started to enter through Bitcoin and Ethereum ETFs.
However: any decision from the Fed, a collapse of a huge project, or regulatory tightening could trigger a new shock.
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📊 Summary:
Collapses always occur due to a mix of bubble + technical/regulatory issues + psychological factors.
But after every collapse, the market returns stronger because weak projects get filtered out, leaving only the strong.
Historically, Bitcoin has gone through 4 major collapses, and each time afterward, it reached a new ATH (All-Time High).