The crypto market is undergoing a correction phase, with $BTC dropping 18% from its peak of 108k to 89k. History shows that the crash at the beginning of January is a phenomenon that has occurred before, similar to early January 2017 and 2021, after which Bitcoin rebounded strongly. However, a more comprehensive assessment is needed rather than relying on just one point in time.

Looking more broadly, Bitcoin has experienced many sharp declines in the past and has always recovered. For example:

June 2011: Bitcoin fell from 32 USD to 2 USD (-94%).

April 2013: Bitcoin fell from 266 USD to 54 USD (-79%).

December 2013 - January 2015: Bitcoin fell from 1,166 USD to 170 USD (-85%).

December 2017 - December 2018: Bitcoin fell from 20,089 USD to 3,122 USD (-84%).

March 2020: Bitcoin fell from 10,500 USD to 4,000 USD (-62%).

May-July 2021: Bitcoin fell from 64,895 USD to 28,800 USD (-55%).

November 2021 - June 2022: Bitcoin fell from 69,000 USD to 17,593 USD (-74%).

After each decline, Bitcoin has always recovered and reached new highs. This shows Bitcoin's strong recovery ability.

Maintaining a strong mindset and a long-term vision is important, but investors also need to be flexible in adjusting their strategies. Macroeconomic factors, especially the policies of the Fed and China, are having a strong impact. The possibility of no longer "selling the news" indicates that the market is maturing.

Investors need to closely monitor factors: price volatility, trading volume, market sentiment, macroeconomic policies. Technical, fundamental analysis, and risk assessment are necessary.

The future of crypto depends on many factors, including widespread acceptance, technological development, and a clear legal framework.