## A 24% fall in BTC is called a crash? Wake up.

Recently, the public opinion about Bitcoin has been a bit exaggerated. It has indeed fallen by 24% (in nearly three months), but it has only fallen by 6% annually, and it's being called the "2025 great crash"?

Compared to historical data, this is nothing at all:
- The bear markets of 2011, 2015, and 2018? **80% fall**
- The worst one in 2022? **77% fall**

This current pullback is at most a normal technical correction, with fluctuations of 20-30% being as common as bread and butter in a bull market.

The recent panic mainly comes from the macro aspects: Trump's trade policy is failing, inflation is still high, and there is a lot of uncertainty in economic data. There has been outflow from ETFs, and coupled with the leverage liquidation event on October 10, people's confidence is indeed a bit scattered.

**But this does not change the fundamentals of BTC**—fixed supply, halving mechanism as usual, institutions are still accumulating, spot ETF is still in play. If the macro environment really collapses, it may continue to fall by 60-70%, but for long-term holders, this position may actually be an opportunity to get in.