In the B circle, the fundamentals are that if it goes up, it's awesome, but if it goes down, it's a scam. In fact, these technologies are not special or innovative. All the targets are selected by funds to make people willing to take over. The purpose is achieved, but it is just a fund game with a shell.
The passage of ETFs directly changed the structure, allowing traditional old money to enter openly and unimpeded, and dominate the crypto game. This bull market is completely different from the previous bull markets. The entire trend, rhythm, time, etc. are different. From the fact that BTC broke the previous high before the halving, it greatly exceeded everyone's expectations.
Not only did most of the retail experts and old investors in the market generally sell out at a loss, but even the investment layout rhythm of some old institutions was disrupted. The funds brought by ETFs have allowed the market to hit new highs again and again. The potential energy is so strong that it is beyond imagination. Even if the technical side is already very bearish, it can still rise infinitely. As the market rises, the voices of "this time is different" and "eternal bull market" will accompany the entire bull market, but history will repeat itself sooner or later, but it will not repeat itself in the form of anniversaries. The road is tortuous, and the bull market needs more focus.
