BTC's current decline is sharper than in February, but honestly, the bottoming process hasn't really been long enough.

Looking back at April's drop from 105k to 75k, the market was extremely turbulent. Two months of sideways consolidation, many people's mindsets were battered to the point of questioning life. With every blink, funds and confidence were repeatedly eroded.

Now, from the 125k level, this wave down seems even more severe— but that actually indicates the issue. The one-month bottoming cycle clearly isn't deep enough to fully digest the decline. Market panic hasn't been completely released, and those funds that should have exited haven't fully left yet. Every rebound you can feel is mostly just technical correction, far from a trend reversal.

The true bottom will likely take another month or so to form. This process will test patience— but upon reflection, those who can endure will be able to seize the best opportunities. The market won't be very patient with those who lack it.