Many people missed the opportunity to buy the bottom on August 5, and some even sold their stocks in panic, mainly due to the spread of panic in the market. The plunge in global stock markets has brought heavy negative impacts, making people feel like the sky is falling.

However, at this moment, we should calmly think and summarize lessons learned:

1⃣️The cost price of institutional investors of Bitcoin spot ETF is mostly around $60,000, which means that institutions may also face losses at this price.

2⃣️As the difficulty of mining increases, the cost of Bitcoin miners is also rising.

3⃣️When the price fell below $50,000, the voice of bearishness increased, which may have exacerbated the panic in the market.

During the plunge, some people may expect the market to bottom out further, hoping to find a lower entry point. But waiting often means missing opportunities. Even if the market has a second bottom, it is okay to establish some positions first, and you can cover your positions when the second bottom is reached.

Every market crash is an opportunity, and history has proved this many times, such as 94, 312, 519 and the recent 8.5. When the market crashes, it tests the courage and wisdom of investors. Bottom-fishing requires not only courage, but also a deep understanding of the market.

Although there are many opportunities in the market, opportunities like those brought by the crash are quite rare. We should cherish such opportunities and act prudently. We should have the courage to face market fluctuations and the wisdom to identify the real entry time.