Bitcoin drawdowns never get easier. They’re always shocking, always vaguely nauseating. But if $BTC is ever going to $200k, $500k, this is the price. There is no orderly change of guard. Long-term holders sitting on massive gains don’t rotate out politely, and new institutions don’t step in at unattractive risk/reward. So the market moves to equilibrium. That purge is how future returns are rebuilt.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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