CHRISTMAS 7 YEARS AGO – THE MARKET WAS ONCE MUCH WORSE
Changpeng Zhao just recalled a “heartbreaking” image of Christmas 7 years ago – a time when the crypto market was near the bottom of the cycle.
At that time:
Most coins dropped 40–50%, the sentiment was almost desperate
BTC ~ $4,525
ETH ~ $105
BNB ~ $9.5
LINK ~ $1.85
The key point is not the price, but the context:
End of a deep down cycle
Trust was almost depleted
Very few people were still talking about “the future of crypto”
Compared to now:
BTC around $87K, has corrected ~38% from the peak
ETFs, institutions, pension funds have entered the market
Infrastructure, legal framework, and cash flow are completely different from 2018
📌 History shows:
The gloomiest Christmas seasons often appear near the bottom of sentiment, not the peak of the cycle.
The market does not reward those who enter when everything is at its best,
but rather those who stay when the story temporarily goes bad
