The recent price of Bitcoin has increased from 26,000 to 35,000, which has led to a boom in the crypto market. At the beginning, BlackRock applied for a Bitcoin spot ETF to rise through FOMO. Even after it was later confirmed to be false news, the correction did not continue. There are three main reasons for this rise: 1. There is a high probability that the Bitcoin spot ETF will pass, and there is a potentially huge positive expectation. If the spot ETF is approved, then in addition to large institutional funds like BlackRock with 10 trillion U.S. dollars, there are more than 10 trillion U.S. dollars of pension funds in the United States, and Bitcoin can also be purchased as a reserve like gold. . All in all a huge pump. 2. Bitcoin’s halving market happens every four years. There are more than a hundred days before the Bitcoin mining reward will be halved, and the cost of computing power will reach around 37,000 by then. In any case, selling pressure will decrease below 37,000. 3. The United States is expected to cut interest rates. As the talker of the global money printing machine, if the United States cuts interest rates, there will be sufficient money in the market, and as long as some flows into Bitcoin, it will also drive Bitcoin to rise. Of course, in addition to the above three main factors, there are various other factors involved. For example, the development and progress of the Bitcoin ecosystem and cryptocurrency technology are increasing day by day. The most representative one is Bit Inscription. Let me briefly talk about Bit Inscription. The BRC20 token has been particularly popular recently, and has had many beneficial effects recently, but it is important to note: 1. After ordi became popular in June this year, my friends and I spent more than 300 gas to buy other Bitcoin Inscription coins. Unfortunately, I didn't hit sats. Due to the large loss of gas2, the liquidity of Bit Inscription is very poor. I bought some animal coins without looking at them. As a result, the animal coins have increased more than ten times in the past few days, and I have recovered my original capital inexplicably. And it is very FOMO, with a steady flow of funds flowing in to take orders, providing liquidity for us to cash out. 3. Although the gas of Bitcoin is only a few tens of gwei recently, it is very unfriendly to many novices. The first is the block size of Bitcoin. Each block handles about 100,000 transactions. If others use gas to trick you, Your transaction will not be processed by the miners, and you need to wait patiently for the gas to decrease. You may even waste gas and not get the inscription tokens as you planned. 4. Because the style of play is fair launch, compared with ERC20 ecological tokens, there is no reservation.If you need chips, pull gas to engrave. The advantage is that it is fair, easy to reach consensus, and the cost is the initial price of the inscription. The disadvantage is that it is difficult for a large market maker to do the market, and then pay a favorable fee to the centralized exchange to bring the centralized exchange online. Unless the transaction volume is really sky-high, it is not worth the exchange to develop this technology alone to drain the blood of its own customers. To summarize briefly: For BitInscription, it will be some opportunities for retail investors. There are many hundred-fold coins emerging on it, but it is also a pitfall. Because if you are not familiar with the principles of Bitcoin transfer transactions, you may be losing gas all the time. Apart from this, the current Bitcoin Inscription does not have a good value increase for Bitcoin. In addition to causing the Bitcoin network to become more stuck, it cannot be denied that this is a technological innovation and will give miners more opportunities after the Bitcoin halving. Multiple benefits provide direction. We look forward to ecological progress and solving these problems. This article is all personal opinion. After the short-term surge in the market, there is a high probability that it will need to adjust. At present, Bitcoin is falling horizontally, and bulls are very strong. Non-agricultural and other data are also very good. There is a high probability that it will continue in the future. In terms of spot operations, it is It is better to buy on dips. Of course, the spot position I had been bullish on at 25,000 has been reduced, and I am currently selling high and buying low. In addition, after ETH rises, it will drive the altcoin market to rise. If the altcoin in your hand has risen a lot, it is recommended to exchange it back to Bitcoin and wait patiently for the huge pump. #BullRun #BTC #ETH。