This is already quite large for Bitcoin. The typical pullback during past bull markets is usually around one-third, so if those who are blindly optimistic believe the bull market hasn't ended, then the low point of the bull turning back in the 80K range has a relatively high chance.

Another possibility is that in order to force Powell to loosen monetary policy, the administration is artificially brewing a small economic crisis at this position. It seems like they are constantly talking about tariffs, but in reality, they are using rhetoric to manipulate the entire market. If such a situation occurs, we may need to lower our pullback expectations for Bitcoin. That's also why I decided to take back half of my position at this point, with the other half as a hedge against small black swan events.

As for other projects, I think it's worth looking into those mainstream options, especially those that have had significant adjustments. If there is another sharp drop, panic selling is likely to emerge because the fear index has already reached 10. This level is basically the bottom position in previous bear markets; holding on to it wouldn't last long. So, prepare your ammunition; now is not the time for us to panic~