According to Michaël van de Poppe, Bitcoin has experienced a significant 25% decline, with the Crypto Fear & Greed Index dropping to 10, comparable to levels seen during the Luna collapse. Despite this, the U.S. government remains supportive of cryptocurrency, suggesting potential stabilization. Traders should monitor the index for signs of reversal as it may indicate a nearing bottom, although this is speculative and not yet substantiated by market movements.

According to Crypto Rover, traders who endured significant market downturns, such as BTC's fall from $69K to $15K, the collapse of LUNA, and multiple bankruptcies including Celsius and Voyager, have demonstrated resilience. Additionally, these traders have navigated through major events like the FTX collapse, Binance bank run, and extensive regulatory challenges from the SEC. This resilience is viewed as a potential indicator of future financial success, as surviving such volatility may prepare traders for profitable opportunities in a recovering market.