$BTC Recently, the price fluctuations of $BTC have really made people's hearts race!
First of all, we must mention the impact of halving. According to historical patterns, every time Bitcoin undergoes a halving, a bull market follows. This is because halving reduces the supply of Bitcoin, and if demand remains unchanged, the price will naturally rise. However, after this halving, Bitcoin's price did not skyrocket immediately as it did before, but instead experienced a period of volatility.
This is mainly because the current market environment is different from the past. There are more institutional investors now, and their investment in Bitcoin is more rational, not blindly chasing price surges or drops. Additionally, macroeconomic conditions and regulatory policies can also impact Bitcoin's price.
Furthermore, some new narratives have emerged in the market recently, such as Layer 2 scaling solutions and DeFi applications, which have attracted some capital away from Bitcoin to other cryptocurrencies. This has also put certain pressure on Bitcoin's price.
Therefore, while Bitcoin's value is still viewed positively in the long term, its price trends may be influenced by various factors in the short term. For investors, maintaining rationality and managing risks well is the most important thing. Don't forget, the crypto world has risks, and investment should be cautious.