Michael Saylor of MicroStrategy has released his Bitcoin tracker again, which means they are buying the bottom of Bitcoin again. As one of the most influential investment institutions in the industry, the founder of Pantera Capital said that he believes that August 2025 may be the peak of this cycle.

2025 will still be a bull market, and then it will officially start to fall in 2026.

In addition, the Defi sector as a whole began to weaken, mainly because of the new Defi broker regulation bill in the United States. It requires Defi users to do KYC and pay taxes, which may be implemented as early as 2027. If this bill is really implemented, it will inevitably affect the liquidity of the crypto market, especially the liquidity of DeFi. We can continue to pay attention to the follow-up progress to see whether Trump will revoke this bill after taking office. #2025比特币价格预测 #BTC挖矿难度创新高 #本周微策略是否继续增持BTC？ #加密ETF申请热潮涌现