Subsequent thoughts on the market:

1. Needless to say, in the long term, I can even say with certainty that the bull market of Bitcoin is still there 100%. The simplest thing is that the Lighthouse Country has not cut interest rates yet? Why are some people in the market starting to worry that the bull market is gone? Even if there is no interest rate cut this year, not once, what about 25 years? What about 26 years? Can the interest rate cut be resisted in the next two years? Can the Lighthouse Country withstand such a high debt? Interest rate cuts are inevitable, so it is inevitable that there will be a big bull market in the future.

2. Bitcoin has just completed halving. Which of the cyclical bull markets of Bitcoin did not start to explode completely at the end of the half-year after the halving? In plain words, the law of the cyclical bull market of Bitcoin is that it will complete the crazy bull market 6-12 months after the halving of Bitcoin. The specific time of outbreak and end time cannot be predicted. Because it is impossible to accurately judge what narrative and what reasons lead to the outbreak. Of course, it is also impossible to accurately predict when it will peak. Just as an old hand in the circle, I firmly believe that the crazy bull market of Bitcoin will be late, but it will definitely come.

3. In a word, I firmly believe that this round of bull market is far from over, and I firmly believe that there is at least double the room for the price of Bitcoin to rise.

The data in the circle has also begun to show a downward trend. The Bitcoin spot ETF funds have not had the crazy net inflows that they just passed at that time. Now the net inflows have begun to gradually decrease, and there is a feeling of entering a state of equilibrium. If the incremental funds are not crazy and the incremental funds are not continuous, we have to think about a problem. That is, can the current incremental funds withstand the current output cost value of Bitcoin? As far as I know, the current Bitcoin mining output cost electricity price, mining machine depreciation cost, labor, etc. are all calculated, and the cost is about 40,000 to 50,000 US dollars.

At this cost price, as long as the dog dealer wants to make trouble, it is still possible for Bitcoin to suddenly clean up the market in the short term and create a gold pit.