#加密领域市场回调 "If Bitcoin dips another 20%, retail investors may face losses exceeding those of 2022."

When DeFiance Capital founder Arthur made this judgment on social media, the market was still immersed in a brief rebound fantasy. But reality is validating his warning — even without institutional collapses or protocol failures, the mere collapse of confidence is enough to be fatal.

Data doesn't lie. Yesterday, the market experienced a single-day liquidation scale of 1.3 billion USD, and this is just an appetizer. From Bitcoin to various tokens, this round of dip has left no room for any sector, and panic is spreading rapidly.

"The valuation bubble should have been burst a long time ago." Oriano Lizza, a sales trader at CMC Markets, said bluntly. The current market resembles a gambler waiting for redemption, fixated on any news that might bring about a turnaround, yet helplessly watching asset prices continue to bleed.

The hardest hit are those ordinary investors whose accounts have shrunk. Late at night, scrolling through market apps, watching the numbers gradually turn green - this feeling is understood by those who have experienced it.

Some say that a bear market is the best learning period, as it allows one to truly understand risk. Others say that after this round, many accounts may never return to what they were before.

Perhaps things will improve when the U.S. government reopens and market liquidity is restored. But until then, preserving capital is more important than anything else. After all, the most important thing at the table is to stay alive.

How is your position?