🚨 $BTC

BTCUSDT

Perp

65,500

-2.65%

— History Doesn’t Change. Only The Numbers Do.

2017 Peak: $21K → −84%

2021 Peak: $69K → −77%

2025 Peak: $126K → already −70%+

Different year.

Bigger numbers.

Same psychology.

At the top →

“It’s never going down again.” 📈

During the drawdown →

“It’s over this time.” 📉

But Bitcoin doesn’t move on emotions.

It moves in cycles.

Euphoria → Distribution → Capitulation → Accumulation → Repeat.

The real question isn’t “Is this the end?”

It’s “Which phase are we in?” 👀

Smart money studies history.

Retail reacts to headlines.

Same cycle. Bigger digits.

#BTC #Bitcoin #CryptoCycles #MarketPsychology #OnChain