Everyone is experiencing such a market for the first time!
From the 9 wash states mentioned in my previous posts,
it is just a comparison at present. 519 in 21 years is the closest in terms of date.
In 21 years, the big wash started in mid-April and ended on July 20.
It lasted for more than three months. This wave also started in mid-April and has lasted until now, less than three months.
The same is the wash time and the increase in Bitcoin.
The difference is the copycat. The copycats before 519 generally increased more, but this wave of wash is as disgusting as 519.
So people are experiencing such a copycat for the first time. No matter what ETFs or interest rate cuts are, they are all lagging analysis.
Since the market has come here, we can't do anything. Take Bitcoin as an example. The position of Bitcoin 58 has reached a super cost-effective price, and the same is true for ETH.
Recently, big whales have started to hoard coins on a large scale at this position. It also appeared when Bitcoin was around 2w in 2020.
Then the main stage of the bull market began.
The big bull market in the second half is very important. ETH's ETF will be launched, funds will enter the market, and it will far exceed the first half.
I still think that the more bloody the current wash is, the more gorgeous the fireworks will be in the future.