In the long run, Bitcoin spot ETF will lead hundreds of millions of people into the crypto market, but how is it possible that these people only buy Bitcoin and do not invest in any other assets?
After a token rises, funds will soon flow into similar tokens, hoping to capture the next wave of gains. This is the natural behavior of the market, which exists both in the ancient traditional speculative market and in the emerging crypto speculative market;
This is common sense. All professional speculative market cycles are controlled and portrayed by such simple logic;
It is this law that leads to the so-called copycat season. Behind this is human nature. No matter how awesome your ETF is, then, with you, human nature will not chase the rise and fall?
In a word: the accelerated inflow of market funds into BTC will definitely bring more capital overflow and a clearer copycat season.
1. Be thankful that this is just a correction in the bull market, not the prelude to the bear market.
2. The meme season for retail investors will definitely continue in the first half of next year, but this is most likely the last madness of this round of bull market.
3. The magical January bull market effect. During the bull market, the market often bottomed out in January and began to rise, such as 16, 17, 19, 20, 21, 23, and 24. Most of them bottomed out in mid-to-late January. Considering that Trump was sworn in on January 20, the possibility of taking off is very high. Be more patient.
This is my point of view. If you think this is the bull market, it’s okay. Operate according to your own cognition.
