Challenging the traditional concept of the four-year cycle suggests that although the market may enter a bear market phase, the specific time and duration of its launch may be different from previous cycle patterns.
Several key phenomena worth noting include:
At the end of the bull market, the market share of Bitcoin (Baidu) reached an unprecedented high, climbing to a new record of 64%.
Ethereum (ETH) continued to perform weakly and failed to show the strength it should have (according to the laws of past cycles, the price of ETH relative to Bitcoin (BTC) should hit the bottom between 2023 and 2024, but it is still in a downward trend).
From a macro perspective, this series of phenomena may be related to the delayed implementation of quantitative easing policies. Therefore, the peak of this round of bull market may deviate from the time of the previous bull market, and we should remain highly vigilant and concerned about this.
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