For the past two weeks, I have been emphasizing the reality of Bitcoin's impending peak. Unfortunately, many people still refuse to believe it, and some continue to chase higher prices with full positions at the peak. I believe that the recent decline will awaken more people. 2024 is indeed a big bull market for Bitcoin, rising from a bottom of 15,000 to a maximum of 108,000, nearly a sevenfold increase, with trading volume also surging to over 100 billion dollars. I personally do not deny that virtual currencies may expand their market value in the future, but this will take several years to develop gradually; it cannot be achieved in just a month or two. The survival ecosystem of Bitcoin and virtual currencies is still very unhealthy and requires a lot of regulations and oversight. Most platforms are not publicly listed and there are severe practices of manipulating and harvesting retail investors. Therefore, it indeed needs to cool down for a while, waiting for more commercial promotions of virtual currencies and for more platforms to go public and accept regulation, so that the market value can progress further! The next few months will mainly be characterized by volatility, and in January, it will drop below 88,000 and undergo wide-ranging fluctuations downwards!