This morning, Bitcoin plummeted directly, dropping from $91,213 all the way down to $86,939, evaporating over 5% in two hours. The opening saw blood, who can withstand this?

But this wave of plummet did not come out of nowhere. Three things are stirring the pot behind the scenes:

The Bank of Japan suddenly signaled an interest rate hike, causing a plummet in the Asia-Pacific stock markets, and naturally, the crypto market suffered as well. On the U.S. side, there are reports that the Federal Reserve may change personnel, which has already made the market nervous, and now it’s even more panicked. Coupled with domestic policies reiterating a strict stance on virtual currency trading, multiple pressures have come together, making it no surprise that prices are falling.

Looking at the data, Bitcoin plummeted 17.67% in November, which is indeed quite miserable, marking the harshest month since 2018. However, on the other hand, December historically averages a gain of 4.13%, and there have been instances in history where a dramatic turnaround has occurred.

The market is always like this, crazy when it rises and harsh when it falls.

At this moment, retail investors are most averse to panicking and following the crowd. A plummet often signifies an opportunity, but don’t rush to go all in. Observe the market sentiment for a while, and if you really want to enter the market, it's safer to build your position in batches, while also remembering to set your stop-loss.

The crypto world has never lacked volatility; what it lacks is a calm mind. Stay steady, and opportunities will naturally come.