Bitcoin has been trading sideways for almost five months, and its trading volume has reached half of that during the bull market in 2021.
Every bull market needs an engine to attract funds.
The current market actually lacks an engine.
The engine is either a new explosive thing that can attract capital, or important and informative information on the macro level.
At present, there is no new thing that will explode in the market.
What can attract big money to enter the market is definitely not the vc project coins. No matter how many VC coins there are in the market, a consensus has been formed that no one will take over and pay for them, and at most they will just take advantage of the market for a while.
Inscriptions and runes are actually only half of the explosive things. This kind of game has proven to be very popular.
However, there are a lot of dealers who take advantage of it. As long as the inscription becomes popular, the on-chain transaction fees will skyrocket.
The withdrawal of funds by the miners will quickly bring this market to a halt. There have been two previous outbreaks, each of which lasted no more than 15 days.
In 2020, because of the explosion of DeFi, there was no pumping, but a model of giving money away, but the amount given away was getting smaller and smaller. This model allowed a large amount of funds to enter the market to play around.
Because the inscription burst out too quickly, it is a wave and there is no sustainability. In just a few days, the journey that DeFi takes half a year to complete is completed.
Then it will be difficult for it to become the engine of the bull market. To be an engine, the power must be sustainable. To have a money-making effect, a part of the newcomers must make money continuously and stably.
Nowadays, few people mention inscriptions. It is hard to say whether the remaining targets ordi sats rats and dog bull markets can rise.
Of course it is possible that one was born too early and missed the big wave, and was forgotten during the hype.
Their new story must wait until the market reaches new highs. In fact, it is a good thing that VC is failing.
It would be better to concentrate the funds in places where they are recognized by recognized people.
For example, if the project owner focuses on the Bitcoin ecosystem and conducts airdrops to attract players, there will naturally be more opportunities to get rich quickly because there are fewer people playing.
Ether, I have worked hard for a year anyway, and it will tell me that I am eligible to receive it.
I interacted with Bitcoin casually once, and it airdropped several thousand yuan to me, and there was no witch, so I was asked to use a semicolon. This is obviously a sign of a lack of users.
There is meat to eat where there are fewer people.
Then the only thing left is a macro-information, which is to cut interest rates, and then large funds will flow into Bitcoin Ethereum along with EFT.
The inflow of these funds is the engine.
The market is suppressing the rise of BTC in various ways, which is already very obvious. The market will amplify any news, causing you to sell at a loss in panic.
This is also to allow funds that have not entered the market to enter quickly, increase liquidity, and allow unsteady funds to exit quickly.
This is to avoid overdrafting before the bull market comes. When the bull market comes, the air pressure will be high enough and the pressure cooker will be opened.
By then, the price will rise like a fountain, and the increase may be completed in 3 months.
No one knows when the price will rise exactly, but there will definitely be a breakthrough in October, November, December, January and February.
This kind of sideways market can only be suppressed for 1-2 months at most. If it continues to be suppressed, the lid of the pot will crack.
You still need a little patience and wait for the market to skyrocket.
As for the opportunities to get rich quickly and opportunities to make money in the market, I think they will be everywhere after BTC breaks through 100,000.
By then, the market will definitely be overheated, and BTC worth $100,000 will be a good hype.
When a virtual asset rises to 100,000 US dollars, some staunch skeptics will gradually come to believe that this era may need digital assets like BTC.
But they still won’t buy it. If they buy it, they will admit that they are fools. If they don’t buy it, then I will never be a fool.
Those who are not so convinced will start buying in. By then, it is entirely possible to push BTC to 150,000 or 200,000.
With the current turmoil, the currency is really not that expensive.
I have finished writing. If you don’t know how to make a perfect layout when the bull market comes, you might as well click on my avatar to see the introduction and let me make a perfect plan for your account. It happened that I arranged a short-term copycat spot today. It has now fallen back a bit, with a maximum profit of 15% in the afternoon. Follow my pace and I will take you there!
