A fact that many Bitcoin investors are unwilling to face: In the past 14 years, Bitcoin hits bottom every bear market, All have fallen below the realized price. 2011: -58% 2015: -49% 2018: -47% 2022: -34% There is no exception. Not even once. And now, The realized price of Bitcoin is approximately $53000. Most people in the market believe that: This time is different I'll never see anything under $50000 again But interestingly, Before reaching the peak of each cycle, Investors will believe that a certain price will never be seen again. History ultimately proves them wrong. The biggest characteristic of the market, It is specifically punishing the most consistent consensus. And now, Almost no one is truly prepared for Bitcoin to fall below the Realized Price.