In January 2024, after the Bitcoin spot ETF was approved, Wall Street giants held about $60 billion in Bitcoin. For the first time, Bitcoin was connected to the traditional financial system on a large scale and became part of the asset portfolio configuration. Of course, this is just the starting point.
Shapeshift founder Erik Voorhees warns that the U.S. national debt is headed for a catastrophic disaster. He predicts a bond market crash and destruction, calling it the most catastrophic event in our lifetimes.
Voorhees advocated for Bitcoin as a safeguard against this financial disaster and urged former President Trump and his vice presidential pick, Senators , to create a lenient environment for cryptocurrencies to ultimately help survive the coming financial collapse.
At some point, they will become strong enough to withstand subsequent financial disasters. When crypto assets can withstand financial disasters one day, they will officially become mainstream assets.
From the current perspective, July to August may be the final bottom. Those who do not have spot goods should also pay close attention and enter the market in batches.
In recent days, ETF has maintained net inflow for 12 consecutive days. The ETH ETF will be approved on the 23rd. Including the interest rate cut in September, the election in November , and the accumulation of funds completed in advance, all aspects seem to be developing in a positive direction.
It is possible that there will be a slight correction in the next two days, because since Trump was assassinated, the market sentiment has been high and the market has ushered in a bull market. From the perspective of the market in the next six months, it is still optimistic. Remember not to touch the contract.
This round of bull market is also different. The number of participants in the last bull market was about 200 million, while the number of participants in this round has reached 600 million. The more institutions and funds there are, the more complicated the market will be, and the more suction cups there will be.
No currency can continue to rise without a pullback. Adjustments are healthy and lay the foundation for building a strong bull market. In each cycle, BTC will pull back to its previous historical high several times before breaking through strongly.
Traditional investors sell, new investors buy
In this process, BTC is transferred from weak hands to strong hands. This is a very bullish signal! Investors who bought Bitcoin in the 50,000 and 60,000 range will not sell at 7.3w, they will hold their BTC for longer, aiming to earn double the profit.
The 90-day “dead zone” after the halving is almost over
History doesn't repeat itself, but it does rhyme!
Historically, Bitcoin and the entire crypto market have always faced significant adjustments around Bitcoin halving events.
This period is also known as the re-accumulation phase, during which BTC changes hands (as mentioned above, traditional investors sell and new investors buy)
On average, the post-halving “dead zone” lasts about 90 days. We are already 85 days in
But it gets better...
We are getting closer to the second phase of this bull market, the phase of exponential growth.
Future buying power:
1. MtGox's repayment progress bar has completed 65%, BTC has not fallen, and the negative news has been digested in advance. 2. The German government has completed the BTC liquidation, and the negative news has turned into positive news. 3. FTX will repay 16 billion US dollars, and the bullet is coming. 4. The global liquidity index has begun to rise, and BTC is positively correlated with the index. 5. Trump's winning rate has increased, and his policies may be good for the crypto market. 6. In the second half of 24, major countries will enter a wave of interest rate cuts.
To summarize, selling pressure eased in the third quarter and buying increased in the fourth quarter, so just a little more patience and Altcoin prices will surge higher and higher
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