Once again, Bitcoin has plummeted. A 10% drop may not seem significant, but for speculators who rely on leverage, it is the last straw that breaks the camel's back. 17,000 people have been liquidated; this is not just a simple number, but a massacre under the "wealth guillotine." Each crash is a moment when a group of people's beliefs are shattered. Those who bet their lives and fortunes may not even be able to scrape together a consolation prize.

Bitcoin has been controversial since its inception, viewed as a "revolutionary" that disrupts traditional finance, while also being labeled a "Ponzi scheme." Its allure lies in the fact that it attracts global capital without the need for authoritative endorsement. But the question is also clear: Is Bitcoin really worth $100,000? Or rather, is it worth any price at all?