On July 23, Ethereum's ETF began trading, marking a new height in the market's acceptance and recognition of cryptocurrencies. This year, we finally witnessed the approval of Bitcoin and Ethereum ETFs, which is a major positive for the cryptocurrency market.

Market funds have been continuously flowing in since some time ago, and this phenomenon indicates that the current price level is likely to be the layout point for many large and institutional investors. With the continuous inflow of funds, it is expected that the future bull market speculation will reach an unprecedented level. However, this also means that with the continuous intervention of large funds, the volatility of the market may gradually decrease, and Bitcoin may become more and more like gold as a tool for storing value.

At present, various negative factors in the market, such as German regulatory issues and the Mentougou incident, seem to have been digested by the market. Although these events have caused a certain impact on the market in the short term, in the long run, they have accumulated potential for further market gains.

Everyone should realize that every adjustment and fluctuation in the market is a preparation for a larger scale rise in the future. Therefore, for long-term investors, now may be a good time to accumulate chips and prepare for the future bull market.