Compared to traditional markets, the cryptocurrency market has a significant advantage: there is no government intervention or bailouts. In a bear market, the market clears at a very fast pace, with poor quality projects quickly eliminated, and the process is straightforward and efficient. This mechanism actually provides investors with the opportunity to acquire high-quality assets at extremely low prices. And two or three years later, as the market recovers, these assets often yield substantial returns.
In contrast, during bear markets in traditional industries, government bailouts often lead to poor quality assets being 'suspended' at high levels for a long time, existing without a market. This artificial intervention, while stabilizing the market in the short term, hinders the reallocation of resources and is detrimental to the industry achieving true rebirth and healthy organic growth.