The ancient whale of BTC, dormant for 12.8 years, has awakened, holding 479.44 BTC worth 53.56 million dollars, stirring the market upon reappearance.
My view remains unchanged: currently, BTC is not at its peak, but it's not far from it. The peak of this bull market is unlikely to exceed 150,000 dollars.
Right now, the market is experiencing intense turnover, with OGs in the crypto circle gradually transferring BTC chips to Wall Street. The pricing power is still in the hands of OGs, and the four-year bull-bear cycle remains effective. However, as mining output decreases and chips become scarcer, Wall Street may control most of the pricing power in the next bull market, at which point BTC may merge with US stocks, making a slow bull market a realistic foundation.
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