The overall trend of the market is still a bull market.

After the market picked up a bit these past few days, the voices shouting 'bear market' suddenly disappeared. After Bitcoin reached its peak, a normal correction caused some to declare that a bear market has arrived.

A bunch of people followed suit, and I really don't know how they deduced that a bear market has come.

If there were no money in the market, or if Kamala Harris was elected, or if institutions keep having major crashes, then it could indeed be a bear market.

Currently, many people's judgments about a bear market are based solely on hearsay.

Please remain rational, keep your perspective long-term, and don’t let a bit of noise affect you; otherwise, you might miss this round of bull market.

At the moment, the demand for Bitcoin in the market exceeds supply. Data shows that the market demand for Bitcoin has reached 228,000, while the supply is continuously decreasing, including grayscale sell-offs, Mentougou sell-offs, and exchange stock, etc.

Under such objective circumstances, Bitcoin will only increase in price. The more it rises, the more people will choose to buy Bitcoin, leading to higher Bitcoin prices, creating a rising cycle.

The current correction provides the market an opportunity to rest, and it's also a good opportunity for institutions and many retail investors to enter the market.

However, the chips are still largely concentrated among the main players, and retail investors either choose to sell or are currently hesitating to enter.

How many people are still waiting for Ethereum to drop below 3000, or Bitcoin to drop to 80000 or even lower? It’s not to say it won’t drop to those prices, but the probability is too low.

I remember during the most difficult times in May-June a few years ago, while I was recharging everyone’s faith, many people left me messages saying they would wait for Bitcoin to drop to 30,000 before entering the market.

I wonder how those people are doing now, do they have even a tiny bit of regret?

It’s the same now; although Bitcoin has risen a lot, the market’s fair value has already risen above 90,000, making it hard to drop back down.

Merry Christmas!!!!

Let’s welcome a frenzied bull market together in 2025.

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