Bitcoin is starting to draw the door again, and this wave of market movement really caught people off guard.

Currently, BTC is fluctuating around $89,600, but its recent performance has indeed been less than friendly. A few days ago, it dropped from $89,000 to around $87,000, with frequent sharp fluctuations within 24 hours, leading to a significant decrease in overall market liquidity, and many traders got liquidated in this rollercoaster market.

Looking at the longer cycle, since Bitcoin hit a historical high of approximately $126,000 in October 2025, it has already retraced nearly 30%. This substantial pullback not only shook the confidence of retail investors chasing highs but also intensified market panic. Many have sold some positions in this adjustment, only to regret it later when watching the market.

That's just how the market works—buying high can easily lead to being trapped, but if you don't grasp the rhythm well, selling at the bottom is also common. The key now is to see whether BTC can find support at this level; otherwise, there are greater risks below.