Shocking Insider: Falling below 60,000 is not the most terrifying! The most fearful is the 'time trap,' the recovery period may be extended to 400 days! Can your position hold up?
I just took a glance at the on-chain data, to be honest, it's a bit chilly. If Bitcoin really can't hold 60,000, given the current retracement strength, it might take until 2027 to return to previous highs.
This is not to scare everyone; from 126,000 down to now, it's almost a halving. Historical patterns are there, every additional 10% drop adds about 80 days to the recovery period. If 60,000 is the bottom, it will take 300 days to recover; if it drops further to 40,000, then it will really be heading towards over 400 days, directly seeing 2027.
In my personal opinion, it's still early to call a bottom. The BCMI indicator is only 0.27, historical lows are around 0.12, indicating there might still be some space below. More directly, the whales are selling, and it's the most aggressive selling in the past year and a half, liquidity is also not great.
For us players, what we fear most now is not the drop, but the time being extended. What to do next? Don’t make random moves in spot trading, unload leverage as needed, and keep some bullets for right-side signals. Want to know which positions are truly the 'whale's bottom line'? Specific details come find me!