According to CoinMeta, Jiang Zhuoer published a comparison chart of Bitcoin's historical cycles on the X platform, indicating that if the low point of this cycle is around $57,800, the current market adjustment in terms of magnitude and duration is already quite similar to the previous three cycles, leaving many investors in a position where they missed out on opportunities. Jiang Zhuoer pointed out that as the market continues to fluctuate sideways, investors' anxiety about missing out on market movements may intensify. Once funds flow back into the market again, the potential for further declines will be limited. The subsequent trend might resemble the "gold pit" seen at the end of 2021, and at that time, there could be brief opportunities for buying during pullbacks.