According to @ki_young_ju, if a large entity he labels Strategy holds its 650K BTC through this cycle, a 2022-style -65% Bitcoin drawdown is unlikely, signaling lower downside tail risk than the prior bear market, source: Ki Young Ju on X, Dec 3, 2025. He adds that BTC is currently about 25% below its all-time high, framing the present correction context for traders, source: Ki Young Ju on X, Dec 3, 2025. He expects that even if a bear phase emerges, price action would more likely resolve into a broad sideways range rather than a deep selloff, which favors range-bound positioning over capitulation-driven strategies, source: Ki Young Ju on X, Dec 3, 2025. For trading, this view supports tactics such as buying dips near range lows and fading rallies near range highs while managing risk for a choppy market structure, derived from his expectation of a sideways range, source: Ki Young Ju on X, Dec 3, 2025.