During the decline of Bitcoin, each of us will feel uncomfortable to some extent, because everyone is worried about whether the bull market is over.

I have judged the starting point and the end point of the bull market. If the bull market really ends, I may not buy the bottom in one or two years, but will only be bearish, just like I was bearish in 2021 until the end of 2022.

During the bull market, the decline lasted for more than one month or two months, and the decline of Bitcoin exceeded 20-30%. Generally, I would think it is a limit.

The big players who are still accumulating Bitcoin are betting that the market of Bitcoin will be larger in the future, the bull market will last longer, the possibility of steady growth will be higher, and the risk will be smaller. Otherwise, if you are not optimistic about the long-term, there will be problems with the mechanism, and no one can escape. Based on this, the accumulation and development of Bitcoin, and how long the future bull market will be, are actually certain.

Therefore, after the entry of institutions and ETFs, the end of the Bitcoin bull market must be accompanied by a huge amount of volume, a huge increase in off-site liquidity, and a long enough time.

One day, with interest rate cuts, money release, and big money coming in, if it lasts long enough, then we need to consider that the bull market may end at any time.

I think this time will be at least one year.