Asian time zone hits new highs, CB premium has been offset by BN, market leaders are starting to rotate. USDT, representing Chinese strength, has recently increased its issuance by 20 billion in the past month, a growth rate more vigorous than the American ETF. It seems that the next phase of Bitcoin's price increase will be safeguarded by us in Asia! The acceleration of Bitcoin's price increase in this round aligns with 2020, when it rose to six times the price by the following April. If this round replicates that, Bitcoin's price should be around 300,000 by next April!

This weekend has been extraordinary, as the main players in this round are American institutions. Therefore, most of the time, BTC on Coinbase has been trading at a premium compared to Binance, and breaking new highs often occurs during US stock trading hours. However, this weekend, Bitcoin has continuously broken new highs. Around 8:30 this morning, the price directly broke through 106,000. More crucially, the high point on Binance was 106,648, while Coinbase's high was 106,554, meaning the CB premium has been completely offset. This indicates that the market is beginning to relay, and Asian traders will take on the mission of driving the next phase. We know that the crypto market is strongly cyclical, and the current time node can be directly compared to the end of 2020, when Binance also offset CB's premium.

Bitcoin has also continuously broken new highs, with the most frequently reported news in terms of funds being the issuance of USDT. This data can essentially be viewed as Chinese capital entering the market. Last Friday, USDT coincidentally increased its issuance by 1 billion. In the past month, USDT has cumulatively increased its issuance by 20 billion across Ethereum and Tron, which is a speed of capital entry faster than the American Bitcoin ETF. Therefore, I believe my previous inference is correct.

Next, the driving force for the rally will be in Asia, and the upcoming trend can be entirely referenced against the Q4 movements in 2020. The acceleration of the Bitcoin rally at the weekly level started in September, with the price rising from 10,000 to 60,000 by April 2021, with very few and small corrections in between. The price increased sixfold, and this round of Bitcoin's weekly acceleration has also basically started in September. The rhythm of the two bull markets can be regarded as consistent, so it is very likely that we will replicate the trend of 2020/2021, continuing the rally until next April before a formal correction. If the increase can replicate that bull market, then Bitcoin's price will be around 300,000 by next April.