#BTC is about to fall below 50,000. The 2024 bull market is officially over, leaving only endless declines. Most retail investors still haven't made any money. Is this really the case?
From the data;
The trading volume of cryptocurrencies has now fallen back to the time between January and February this year, and the volatility has also hit a low point in nearly two months.
In fact, it is not necessarily so pessimistic, because there is a special case of ETF in this round. Many BTCs have been collected in the custody exchange, resulting in a significant reduction in the number of active addresses on the chain. From the data, the point of breaking the trend is before and after the ETF passes, so looking at this data alone, we cannot determine which situation caused it. We still need a comprehensive analysis.
In addition:
Looking at the bright side;
The previous round was a double-top bull, and this round may be a triple-top bull. The subsequent price may tend to stabilize, blurring the concept of bull-bear cycles, and gradually becoming a mature asset like gold. Other project currencies will become decentralized assets similar to stocks, and will also tend to mature. At this point, the concept of decentralization will be popular, traditional assets and centralized exchanges will gradually be marginalized and exit the stage of history, and world finance will enter the next era
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