Whether it is grayscale or other ETF, the price fluctuation is generated through the long and short fund contest of multiple participants. In the last round of bull market, grayscale and MicroStrategy was buying and buying. This time, at least grayscale is obviously selling and selling, which also gives us some references;

However, the real capital flow hidden under the surface is the one that dominates the general direction of a market trend;

The encashment of ETF has provided mainstream large capital with a compliant channel to enter the cryptocurrency market;

The upcoming halving of Bitcoin also provides a super strong narrative cycle of four years;

The real key lies in the interest rate cut that the Federal Reserve has been eagerly expecting.

I don't know how the market will evolve when these long-term benefits are superimposed one by one;

Deanna believes that this round of bull market may be more magnificent and far-reaching than that in 2020... It is worth looking forward to!