The bull market will peak in 2025? $BTC $ETH $BNB

The global liquidity cycle is expected to peak in 2025 and then start to decline.

China's credit cycle is about four years per cycle, and 2025 may be the peak of China's credit.

Currently, the yield of short-term bonds is higher than that of long-term bonds, but the yield curve is gradually returning to normal, which may indicate a shift in the economic cycle.

Therefore, it is believed that there may be huge market chaos in 2025, followed by a bear market.