Global liquidity, refer to the light yellow line in the figure. Since the peak of the big money release in 21, it has been declining. It shows that global funds are tight and not abundant. Therefore, it does not support a big bull market at present. The three-fold and five-fold ones. There is a high probability that 100,000 is the top of the bull market. No matter how it goes in the short term, it doesn’t matter whether it breaks 100,000 or not. It can’t change the facts. The above! $BTC