2025-12-29 17:44:29

Do you remember that day in 1989? The Japanese Nikkei 225 index reached a historic peak of 38,915.87 — the climax of asset price surges throughout the 1980s— with real estate, stocks, and frenzied speculation filling every corner.

And then? The market experienced a spectacular free fall.

Why is this historical case worth repeatedly recalling? Because it perfectly illustrates what an asset bubble cycle looks like. Speculative enthusiasm drives prices higher and higher, ultimately facing a brutal correction. Just look at Japan's economy over the past thirty-plus years to see how deep that crash's impact was.

For those closely watching the crypto market, this history serves as a mirror. We've seen similar stories unfold repeatedly: excessive leverage, abundant liquidity driving assets to crazy heights, then... risk is released, and rationality returns. Each cycle repeats this ancient pattern.

History doesn't repeat exactly, but it often rhymes.

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ContractTester

· 8h ago

Thirty years after the Japanese Naha bubble burst, they still haven't recovered, and in our crypto circle... every time we say we've learned our lesson, but isn't it just the same old pattern?

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GasFeeTherapist

· 8h ago

Japan Nawa, I have looked at the historical records, but honestly, the crypto world is still repeating the same stories, which is really quite hopeless.

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RamenStacker

· 8h ago

Here we go again talking about the Japanese real estate bubble... I'm tired of this argument, but every time someone falls for it, haha. It's the same on the crypto side, always waiting for that "inevitable correction," not realizing that some coins have already corrected three or four times. Rhyming? More like betting, right? Back then, Japan had explosive liquidity, and now we do too. The difference is that this time, the Federal Reserve is involved. To put it simply, knowing that cycles exist and avoiding cycles are two different things.

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0xOverleveraged

· 8h ago

We've seen Japan Nawa a thousand times, but the question is whether we can learn a lesson this time. Anyway, leverage is still being piled up crazily, and liquidity hasn't decreased either.

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NullWhisperer

· 8h ago

nah technically speaking, japan's '89 collapse is just the obvious pattern everyone points to... but here's the thing—audit findings suggest most people completely miss the *actual* vulnerability. they see bubble, they see pop, but the real edge case? leverage cascades nobody's modeling properly. we're doing the same thing again, just with different tokens. interesting.

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MetaverseLandlord

· 9h ago

Naha in Japan, to put it simply, still hasn't controlled his greed... Now it's the same in the crypto world, every round gets more intense.

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