What is the current market situation? I guess many investors are still confused. Why is the price of Bitcoin going up? Why is MEME going crazy? Why is my "value coin" not moving?

Before answering these questions, you need to pull yourself to the perspective of God. You can clearly see that the current currency circle has been divided into Bitcoin + ETF and other two markets, and all this has been particularly obvious since the ETF's holdings surpassed Satoshi Nakamoto. For any market rise, we must analyze where the new blood comes from and who is buying it? Looking at these two markets, based on politics (election), economy (interest rate cuts, inflation), and geography (peaceful president taking office), Bitcoin ETFs have welcomed a large number of institutional clients and new users who have not entered the crypto market. New funds have continued to pour in recently. Just ask the "traditional" investors around you, Bitcoin ETFs are more in line with their needs - they can both satisfy their desire to obtain profits from the rise of Bitcoin and trade within the compliance framework, and avoid various troubles (wallets, trading account opening, etc.). The rise of Bitcoin is basically positively correlated with ETFs, which is what we see now. Bitcoin ETFs, crypto-related stocks, and Bitcoin spot holders have all reaped a wave of dividends. Based on the certainty of institutional investment, this wave of Bitcoin's rise will not be like the roller coaster of A-shares. Many sovereign funds are still rushing into the market, and there will be more and more entities like MSTR in the future. Then back to "others", that is, the traditional currency circle, because this wave of increase has attracted some new retail investors, including some users who have not been in the market for a long time. Their understanding of encryption may have just changed from "Bitcoin is a scam" to "it is a normal transaction". The first-layer and second-layer cross-chain decentralization are like a mystery to them. No matter what awesome theory is, it is not as direct as MEME's rise to convince people. The big cake is too expensive, and others can't understand it. Only MEME sees the hope of turning over, so it is reasonable for the price to rise.

So how will the market go? Do these VC coins still have a chance? Due to the length of the article, I will talk about it in the next article. #超级MEME周期？ #比特币搜索热度攀升