#加密市场回调 Last year at this time, the crypto market was still cheering for the victory of a newly elected U.S. president—$BTC soared to record highs, and the entire community was celebrating. But who could have imagined that a year later, the situation would change dramatically, turning into a complete disaster.

What has the market experienced in the past month? Bitcoin has plummeted nearly 35% from its peak of about $125,000 in early October and is now struggling around $80,000. The entire crypto market has evaporated $1 trillion in market value—this number is enough to make one’s scalp tingle. Those who rushed in at the time are probably regretting it deeply now.

The Collapse of the Myth of Wealth

Bloomberg's data is quite interesting: from September until now, a certain political family's crypto-related wealth has shrunk from 7.7 billion to 6.7 billion dollars, a decrease of 1 billion. The reason is simple—$BTC has definitely entered a bear market, having dropped more than 30% from its historical high of 126,000 dollars. Those gains from the beginning of the year? They're all gone.

Collective collapse of associated projects

The surrounding ecology is even worse:

The Meme token that was launched before the job had reached a glorious high of $75.35 on January 19 this year, but now it is only left with $6.25 - a drop of over 90%. This operation can be considered a textbook-level roller coaster.

The miner "American Bitcoin" supported by the sons couldn't hold on after its listing on NASDAQ on September 3, with its stock price dropping by 30%.

The media technology company under its wing had previously announced a high-profile plan to engage in encryption fund management, but as a result, its stock price fell by 30% in a month, heading straight for a historical low, with a cumulative decline of 70% in 2025.

To be honest, this round of plunge came swiftly and violently. $ETH and $XRP have also been affected, and the entire market is permeated with a sense of panic. Those who once regarded cryptocurrency as "digital gold" may now need to reassess this statement. The market is just that realistic - when it rises, everyone is a genius; when it falls, we only realize who is swimming naked.