$BTC

After Bitcoin surged to a high of $100,000, it entered a correction mode, leaving many investors confused and conflicted, as they began to speculate whether this was merely a brief pause in a bull market or if the market had reached its end.

Let’s analyze the key factor of Bitcoin's halving mechanism. As we know, Bitcoin's production halves every four years, and historical data shows that after the previous halvings, the market typically sees a real price peak about 1 to 1.5 years later. Based on this timeline, the end of 2025 to early 2026 is more likely to be the peak moment for the market, and the current correction seems more like a halftime break. Additionally, comparing the correction magnitude, this time the drop is only 30%, while looking back to 2017 and 2021, Bitcoin experienced significant corrections of 45% and 53%, respectively; in contrast, the current correction is not excessive. Furthermore, the miners' cost line is currently around $78,000, and if the price really drops to this level, miners will be reluctant to sell their Bitcoin due to cost considerations, which will create a certain level of price support, like a natural moat.