2026-01-17 20:36:09

Bitcoin has spent 103 days below its all-time high, yet the pullback sits at just 24% from the peak. Historically, major bull market cycles see 80%+ drawdowns before the next leg up, but this time feels different. The question haunting many is whether bears will continue hoping for a deeper crash that might never materialize—or if the inability to break support will eventually force capitulation buying. Market cycles suggest traders clinging to that 80% correction narrative might be waiting for a scenario that's increasingly unlikely, putting them at odds with the price action unfolding right now.

BTC-2,87%

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Blockwatcher9000

· 21h ago

Damn, will the 80% drop really happen again? Feels like I'm just waiting for that bottom that never appears.

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MEVHunterBearish

· 01-18 18:37

Wait, you're already panicking at a 24% drop? Bro, is this time really going to be different? Why do I still feel a bit hesitant? 80% of the stories have been told to death, but I just can't let go. This is awkward. The feeling of short sellers waiting desperately for that drop and then getting slapped in the face is just too intense. The support holding so stubbornly—what does that mean... Are you all just selling off in a panic?

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P2ENotWorking

· 01-17 20:59

Wait, thinking about an 80% story with only a 24% drop? These people are really living in the past. --- The rhythm of a shattered bear market dream, those still waiting for a deep dip might really never see it. --- Holding the support level tightly, the bears are still dreaming. Wake up, brother. --- This time really is different, but who believes it... Anyway, you're going to get trapped again. --- It's been 103 days without a new high, but it hasn't made people despair. Interesting. --- The 80% argument can be put to rest; the market has already moved on.

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GateUser-74b10196

· 01-17 20:48

Nah, this time really is different. The story of an 80% decline should wake people up. How can those waiting for the bottom still be waiting? The support levels have already held. A 24% drop has scared so many people into not daring to move. This is what a bull market should look like. The narrative spun by the bears is really losing credibility. If the support doesn't break, you have to admit defeat. This is what the current price action is telling us.

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SmartContractWorker

· 01-17 20:36

80% of people are still waiting for a big drop, unaware that the market has already moved...

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