Bitcoin’s past cycles have always been defined by extreme volatility, as crypto influencer Quinten Francois pointed out before the recent market chaos. Historically, Bitcoin has experienced deep corrections—sometimes as severe as 50%—only to recover and reach new highs. The latest price action is another example of this relentless cycle.
Over the past few days, Bitcoin’s price swung dramatically, plunging to $73,000, surging to $95,000, and then dropping to $84,000. This turbulence triggered billions in perpetual futures liquidations, shaking market sentiment. Traders were caught off guard, experiencing both euphoria and panic in rapid succession.
Former Binance CEO Changpeng Zhao (CZ) weighed in with a brief but reassuring message: “We are still here. And WAGMI.” The term, meaning “We’re All Gonna Make It,” resonates with long-time crypto investors who have endured similar market storms.
Bitcoin’s history is filled with extreme ups and downs, yet the asset continues to prove its resilience. Veteran investors understand that patience and conviction are key in this space. While the market remains unsettled, the bigger question now is: What’s next for Bitcoin?
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