BTC took a direct hit on the "bloodbath triggered by the 12% single-day plunge in the Philadelphia Semiconductor Index " Following the quote below, BTC's previously promising signs of a minor bottoming out were unfortunately disrupted by yesterday's US stock market crash, resulting in a less than ideal second test. The initial bull market's tribulations are still underway, and this situation inevitably reminds me of the devastation in 2023 triggered by the "Silicon Valley Bank collapse," where BTC also bore the brunt of the damage. "492 Days of Tribulation": A Review of the Devilish Slaughter of the Early Stages of the 2023 Bull Market https://((((((x.com))))))/market_beggar/status/2104390699865223595 Systemic risks are difficult to avoid. Every early stage of a BTC bull market is fraught with twists and turns. Moreover, BTC recently withstood the industry-wide "Binance hack" on its own. Compared to the US stock market, BTC's recent performance has been remarkable, demonstrating its resilience. If you're feeling anxious, uneasy, or worried about the recent price movements of BTC, let's broaden our perspective and take a look at the current BTC token distribution structure (see attached chart). Even though the price has been steadily declining since September 21st, the turnover of tokens is still quietly happening every day: ➡️ 75~85K: Approximately 4.15 million tokens accumulated ➡️ 61~67K: Approximately 181 Tens of thousands of coins (savvy investors who bought at the bottom earlier have little incentive to sell). This massive accumulation is the result of the market betting real money. As long as there isn't a panic sell-off that loosens the structure, the gravitational pull of this massive accumulation zone (https://(((((((x.com)))))))/market_beggar/status/1887430338009567304) will become a major driving force for further price increases in the future. "Confirmation of the Early Stages of a Bull Market": We May Be Experiencing a Once-in-a-Few-Years Entry Window https://((((((x.com))))))/market_beggar/status/2117070496714146209 Even though recent price movements have been painful, numerous signs indicate that "we are in the early stages of a bull market." As long as we can survive until the main upward wave arrives, all the hardships we are experiencing now will be a thing of the past. Though the road is arduous, let's strive not to fall before dawn. Let's encourage each other. That's all for today. Hope it helps! // Related Reading Resources "Assessing the Probability of BTC Returning Below 65K from the Perspective of PSIP" https://((((((x.com))))))/market_beggar/status/2117433022849101980 "2023" "A Catalyst for a Double-Kill Script?" Maintain the original trading plan. https://((((((x.com))))))/market_beggar/status/2115993542132928548 "I Buy When Short-Term Holders Lose Money": An Extremely Simple Bull Market Add-on Strategy https://((((((x.com))))))/market_beggar/status/2107652149769585076