The market may reach a cyclical peak in the first quarter of 2025, with a pullback from April to October, followed by a rebound at the end of 2025, officially entering a bear market in 2026. In the short term, the real pullback time will be from January 20 to January 28.

To summarize today's key points:

1: BTC ETF had a net inflow of $970 million yesterday, and ETH ETF had a net inflow of $120 million yesterday.

2: Bitcoin has shown signs of fatigue after seven consecutive days of gains! Meanwhile, the Myanmar A has seven consecutive days of losses and is poised to break out! Pay attention on January 20‼️ Risk.

3: MicroStrategy increased its value by $1,070 without BTC on January 6, with an average price of $94,004, a strong support level. Large spot holders sold $123 million in spot at the $101,600 level, a strong resistance level.

4: The crypto industry will hold an inauguration ball on January 17 to celebrate Trump, with tickets priced at $2,500.

5: Whales have been continuously buying Link, acquiring another 30,987 coins.

6: Pay attention to the unemployment rate and non-farm payroll data on Friday‼️ Risk control, with no expectations for interest rate cuts in January.

7: BitMEX co-founder Arthur Hayes explained in his latest blog post that the crypto market will peak in mid-March, followed by a severe pullback #本轮牛市周期预期 $BTC .