The history of the crypto market tells us a brutal but true fact — every major decline essentially paves the way for the next rise.

Looking back at these key moments over the years: the regulatory crackdown in 2017 that led to domestic exchanges shutting down, the exchange collapse in 2018, the global market circuit breaker in 2020 triggering extreme行情, the policy pressure in 2021, the collapse of LUNA and liquidity crises in exchanges in 2022, the regulatory heavy pressure in 2023, and various black swan events in 2024... each time it seems like the market is about to be overwhelmed, but each time it survives and becomes stronger.

There is a pattern behind these events that is worth noting. Major crashes are often not sudden — the market begins to decline well before the event erupts. When bad news finally hits, it’s actually the time when the bottom is being accelerated, and emotions are at their peak. Then comes a long period of bottoming out, usually lasting 1 to 3 months. During this period, the market may test the bottom repeatedly, but each low point is higher than the last.

Once the bottoming process is complete, things turn around. Mainstream coins like BTC and ETH start reaching new highs, and smaller altcoins often see even crazier gains. That’s the power of cycles.

What should you do now? If you’re already caught in a downturn with BTC or ETH, the smartest move is to do nothing. Waiting is more effective than acting, especially avoiding panic selling. If you have a dollar-cost averaging plan, it’s even simpler — increase your investment during major dips, maintain your plan during minor dips. Time and discipline often beat all techniques.