jakiro
This picture is BTC/gold, that is, the trend chart of BTC priced in gold.
It’s the picture below.
Shocking?
I wonder if you have been shocked?
What is unforgettable about this picture is that it says so perfectly and loudly that 2025 looks like a bear market year like 2018 and 2022.
How did a bull market year turn into a bear market year?
Indeed, from the beginning of the year to now, BTC has been hovering at a low level above $100,000.The highest price was more than 120,000 dollars, and that was only a 20% fluctuation.
In my impression, last year, 2024, was more like a bull market than this year, 2025.
When the U.S. stock market ETF was first launched in early March 2024, BTC also took advantage of the trend and broke through the so-called previous high in 2021.
Looking back, the landmark event of breaking through the previous high is more in line with the general public’s understanding of the starting point of the bull market.
Even if Trump is elected at the end of the year and BTC reaches a new high, because it breaks not the previous high of the previous cycle, but the previous high of 2024, this makes the impact of the breakthrough at the end of 2024 and the beginning of 2025 much less than that in March 2024.
Bull markets are often not what everyone thinks.
The public has heard about the bull market, knows it is coming, and thinks it has just begun. In fact, the bull market is over.
Just like the bull market year of 2021, the start-up actually ended in just two or three months at the end of 2020 and the beginning of 2021.
In December 2020, it exceeded the previous high of 20,000 U.S. dollars, and in early March 2021, it touched 60,000 U.S. dollars.
Then the whole of 2021 is actually just a matter of $60,000 – cutting it in half to $30,000 in the middle of the year scared many people to death, and then it will be pulled again at the end of the year and call it a day.
So the fact is: before many people can react, the bull market has reached its peak.Many people came to their senses and began to rush in. They stood guard at high positions and were trapped.
The bull market of BTC is actually very short-lived: it pulls up quickly with lightning speed, attracting a batch of new leeks to enter the market, and then it will fall and consolidate, and the door will be closed to slowly harvest.
When the pie stops rising, altcoins have the excuse to attract leeks – look, I am happier than the pie, come to my bowl quickly!
New funds enter the market, and after a few rounds of trading on altcoins, they are all harvested.
Liquidity.Liquidity.
Liquidity went to gold and then to pie.I went to Dabiping and then to Shanzhai.I went to the village and everything was taken away again.
They are all responses to macroeconomic easing.
Maybe it’s all gold.
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