Yesterday, the whole network was talking about Shenyu's 16-19-month bearish outlook. Shenyu also came out to refute the rumor, saying that he just didn't believe in everyone's expectations of the previous interest rate cuts. He believed that only in the middle and late stages of the interest rate cuts, when the interest rate is low enough, will off-market funds flow into the currency market on a large scale. I personally think that Shenyu's explanation is logically correct, but whether the market will follow the routine is not certain, especially this theory obviously conflicts with the Bitcoin four-year cycle theory. I personally believe that this cycle has not ended yet, and I continue to be optimistic about the arrival of the Q4 and Q1 alt season next year. The market has already shown a certain trend. In the past two weeks, the market's correction and alt season have actually been very strong. Last night, the market rebounded and alt seasons instantly formed a general rise, indicating that the funds in the currency market have been suppressed for a long time. The latest report from bitfiniex also said that the dominant position of Bitcoin has peaked, and the performance of alt seasons in the next few months will be better than that of Bitcoin. This is consistent with my opinion. The Q4 alt season is coming soon.
