Bitcoin crashes to $65,000! But after 446 "deaths," this round will completely change the pattern of the crypto world

Just in the past couple of days, Bitcoin has once again staged a "big plunge," dropping from a high of $74,000 all the way down to the $65,000 mark. The market is filled with lamentations, and countless people are shouting "Bitcoin is dead."

But do you know? This is already the 447th time Bitcoin has been declared "dead" in its history.

Let's review how tragic Bitcoin's "deaths" have been over the years:

In 2010, Bitcoin dropped to $0.1 and died; in 2011, it fell to $1 and died again; in 2013, it dropped to $50 and continued to die; in 2015, it fell to $200 and was completely dead; in 2018, it dropped to $3,000—surely it was truly dead this time? In 2022, it fell to $15,000 and was as dead as it could be; in 2024, it dropped to $39,000 and died once more; in 2025, it fell to $74,000—this time it was truly dead; and today in 2026, it dropped to $65,000 and died again...

Wait, is there a problem here?

The price at each "death" keeps rising. From $0.1 to today's $65,000, Bitcoin has achieved a 650,000-fold increase through 447 "fake deaths."

But this time, it's really different.

Why? Because this round of decline coincides with a fundamental transformation in the crypto ecosystem:

Institutional funds are "bottom-fishing" and building positions. Unlike previous bull and bear markets dominated by retail investors, during this decline, Wall Street's Bitcoin ETFs have shown continuous net inflows. Traditional financial giants like BlackRock and Fidelity are telling the market with real money: Bitcoin at $65,000 is a "discount sale" in their eyes.

Regulatory framework is becoming clearer. Every previous Bitcoin crash was accompanied by the shadow of "regulatory negative news." Today, major economies like the US, EU, and Hong Kong have basically established regulatory frameworks for cryptocurrencies. Uncertainty is turning into certainty, marking the watershed moment where Bitcoin shifts from a "speculative asset" to a "mainstream asset."

On-chain data reveals secrets. Bitcoin balances on exchanges are continuously hitting new lows, while long-term holder addresses are increasing. This isn't panic selling; it's a transfer of chips from "weak hands" to "strong hands."

For the crypto world, this decline has profound implications:

Altcoins will face a "big reshuffle." Projects that relied on hype and storytelling to soar will never recover after this drop. Meanwhile, protocols with real applications, revenue, and users will rebound first from the chaos.

The DeFi ecosystem will become healthier. High-leverage players are being wiped out, and on-chain liquidation mechanisms are functioning effectively—this proves that DeFi's design is working.

The crypto space is evolving from a "casino" into a "financial market." Reduced volatility, increased institutional participation, and clearer regulations are all signs of a mature market.

447 "deaths," each making Bitcoin stronger. Bitcoin at $65,000 is not the end, but the beginning of a new cycle.

When everyone says "Bitcoin is dead," perhaps we should ask ourselves: Is this really the last time?