The price of Bitcoin in this round is basically fixed at $110,000

Currently, Wall Street is doing a few things around the $BTC industrial chain:

1. Crazy acquisition of computing power

2. Integrating mining pool/mining site resources, buying, buying, buying

3. Institutions represented by MicroStrategy are hoarding

If the price rises further, all three of these things will be very unfavorable

They will incur more costs, which is unnecessary

Currently, the mining cost is in the range of $55,000-$60,000

A price of $110,000 is just right

In the last cycle, the mining cost was $20,000

The peak price was $68,000

After each cycle

It is normal for the industry profit margin to drop by half

Next, there will be a wave of $ETH and second-tier tokens

The main purpose is still to trick everyone into selling their $BTC

When you sell Bitcoin, preparing to welcome the altcoin season

They take away your Bitcoin and give you a bunch of “get-rich-quick coins”

This round of market ends

In this round of altcoin season, large and small players will run away thoroughly

Because the industry cycle has developed to this point