BTC is currently at the 87,000 level. There are many voices in the market saying the price is overinflated. But from a different perspective—if we look back from the high of 120,000 earlier this year—today's 87,000 seems like an almost unreachable bottom.

Many people have this mindset. Using historical prices as a reference point can easily lead to habitual thinking, making us believe what is expensive and what is cheap. In reality, whether it's high or low depends on the relative position. Just ask yourself—if the price of 87,000 doesn't fall below 80,000 later on, will it still seem high?

Look at gold to understand. When gold prices rise, many people think it's too expensive and wait for a pullback before entering. And what happens? Five years of value appreciation, and those who missed out are still waiting. The logic of asset appreciation is so cruel—there's always someone who thinks it's expensive at the top and cheap at the bottom, and in the end, they miss everything.