The recent market conditions are indeed torturous, with the volatile movements causing many to lose their composure. Market noise is everywhere, and from various voices, almost all are bearish, with some even suggesting that Bitcoin could drop to $10,000.

Honestly, if it truly drops back to 10,000, it would be a redistribution of wealth for the entire market. In such extreme circumstances, many people might not be able to resist going all-in. But in reality, the probability of this happening is very low.

Currently, Bitcoin is constantly fluctuating up and down, and each wave tests investors' psychological defenses. Coupled with the influence of various opinion leaders, many people's risk tolerance is nearing its limit. At this moment, the biggest danger isn’t the market itself, but panic leading to collapse.

If you operate according to a scientific position management plan, keeping your spot position below 60%, the situation would be completely different. This allocation carries very low risk, and even if a bear market occurs, the remaining 40% position is enough to recover, so there's really nothing to worry about.

In these days, watching various traders continue to go long and short, constantly operating, is truly admirable. But ultimately, market fluctuations are normal, and there's no need to panic excessively. A deeper reflection reveals that a prudent position allocation is the best protective measure to navigate cycles.