8.8 million BTC trapped! Is this an “epic bear market,” or the starting point for the next wave of wealth?

Brothers, the market is now a bit like “magical realism”:
On one side, Bitcoin has fallen 47% from its high, with 8.8 million BTC deeply trapped;
On the other side, countless people are staring at their screens, waiting for a “bottom-fishing button that changes lives.”
First, let’s state the conclusion: this is not a simple bear market, nor is it a straightforward bottom, but— a “turnover pattern bottom construction period.”
Why do I say that?
Historically, a loss explosion like in Q2 2022 essentially means:
👉 Weak hands are selling off
👉 Strong hands are taking over
👉 The market is redistributing chips
What does it mean when ETF holdings are above the current price?
In one sentence: institutions are also trapped, but they won’t give up easily.
But here’s the problem—selling pressure is still there, while demand is shrinking.
It’s like a KTV private room:
People haven’t left yet, but new guests aren’t coming in, and the atmosphere is starting to cool down.
So, what about the short-term trend?
👉 Volatility + repeated emotional sell-offs
👉 Occasional rebounds that trick you into thinking “the bull market is back”
And what about the medium to long term?
It all depends on two things:
1️⃣ Chips transferring from retail hands
2️⃣ New funds re-entering the market
Then the bottom will truly be established.
Finally, here’s a straightforward summary:
👉 Losses are not risks; inability to hold on is the real risk.
Interaction question:
If BTC drops another 20%, would you add to your position, wait and see, or just uninstall the app? 👇#Circle将推出cirBTC