Slow Bull Market and Chip Absorption!!!
A slow bull market usually refers to the continuous and stable rise in stock prices or asset prices over a long period, rather than large fluctuations in the short term. In the Bitcoin market, this type of market may be achieved through continuous oscillation and washout processes, gradually raising the average holding cost of coins in the market.
Institutions can gradually collect chips, allowing them to control more market share without causing excessive reactions in the market. This helps them gain greater returns in the future when prices rise.
As institutional participation in the Bitcoin market increases, they may gradually gain pricing power. This means that institutions can influence the price trend of Bitcoin through buying and selling actions.
The pricing power of institutions may stem from their financial strength, market analysis capabilities, and extensive trading networks. These factors enable them to play a significant role in the market.
The United States is gradually collecting chips through methods like Bitcoin spot ETFs, indicating that institutional interest in Bitcoin is increasing. ETFs, as an investment tool, allow investors to indirectly hold Bitcoin by purchasing fund shares, thereby reducing the risks and thresholds of directly holding Bitcoin.
The active participation of institutions like BlackRock further proves that institutions are optimistic about the Bitcoin market. By purchasing large amounts of Bitcoin, they not only increase their own holdings but also drive the overall market upward.
As an emerging digital asset, Bitcoin's market potential may differ from traditional assets like gold. However, in terms of hype and market attention, Bitcoin indeed has enormous potential.
Currently, Bitcoin has not experienced a significant rise, possibly because institutions do not yet hold enough chips, or the market is still waiting for a trigger point to push prices up. Once institutions collect enough chips and market confidence strengthens, the price of Bitcoin may see a significant increase.
