Jiang Zhuoer said on X that if Bitcoin’s low in the current cycle was near $57,800, then the scale and duration of this market correction are already close to those seen in the previous three cycles. He shared a historical cycle comparison chart to support that view.
He also said many investors may currently be sidelined after missing the move. If the market keeps trading sideways, fear of missing out, or FOMO, could build over time. In his view, fresh capital returning to the market could limit the room for another leg down.
Jiang added that the next phase of price action may resemble the “golden pit” seen in late 2021, when a brief pullback created a short-lived buying opportunity. His comments were cited by ChainCatcher.
ChainCatcher reported that Jiang Zhuoer posted a historical Bitcoin cycle comparison chart on X and said that if the low of the current cycle was around $57,800, then the magnitude and duration of this market correction are already fairly close to those of the previous three cycles.
Jiang said a large number of investors may currently be sidelined after missing the move. If the market continues to trade sideways, fear of missing out, or FOMO, could gradually intensify. He added that once capital flows back in, the room for further downside may become limited.
He also said the next stage of price action may track the “golden pit” seen in the market at the end of 2021, when a pullback may offer only a brief buying window.
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