Recently, everyone has started predicting the peak of the bull market, has the bull market reached its peak??
The structure of this round of price increase has completely changed, unlike any previous period
The main driver of this bull market is off-market institutions; the buying and holding cycles of institutions are completely different from retail investors, so we need to analyze and view the market from the perspective of institutions
On a macro level, there has been no change; every time there is a drop, institutions will buy the dip. Yesterday, Bitcoin ETF re-entered the capital inflow mode, so it is still early to talk about the bull peak, according to Minjie
With the rise of the overall market, it will continue to allow the old OGs to hand over their chips; this process can be understood as absorption and turnover. Once the chips have been fully exchanged, the overall market will continue to rise
Before the interest rate cut in September, it is estimated that there will be another wave of increase; only after the interest rate cut expectation materializes will there be a real pullback, which will come in October
There is a basic consensus in this round, which is that small coins cannot outperform large coins; large coins are safer than small ones, so everyone should focus on leading targets. Although these leading targets have high market values, they truly rise when they go up, while small coins may not necessarily rise
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