There is a horrible truth. At present, the US is still in a high interest rate range, and the balance sheet reduction has not stopped.

In other words, BTC's new high is almost entirely due to the boost from ETFs and the good news of Trump's crypto-friendly government being elected.  

With Trump officially taking office next year, the introduction of potential crypto-friendly policies, and the continued easing of US dollar liquidity, the crypto carnival will officially begin.

In 2024, the fundamental reason for the roller coaster-like rise and fall of copycats is the lack of market liquidity. Only BTC has continued support from institutional funds.

Compared with the callback shock of dozens of points in front of us, what is more uncomfortable is the potential for missing out.

In the face of big opportunities, missing out is 10 times more uncomfortable than being trapped.