Today is January 10, 2025. Bitcoin has experienced a rollercoaster over the past three days, dropping from a high of 102,000 by 11,000 points to a low of 91,200, and now rebounding to around 95,000 as of the time of this post. Like most people, I have gone through a similar emotional ride. However, upon reflection, many invaluable experiences can be drawn from this. Here, I would like to share my views: To say that the hawkish data on Tuesday night caused the drop is somewhat far-fetched, after all, the data itself is not that important, especially considering the interest rate meeting before Christmas where Powell's hawkish remarks did not lead to such a three-day volume rebound. Therefore, the main reason for this drop is the fire in Los Angeles. There are a significant number of rich people in Los Angeles, and without cars in this city, it is almost impossible to move. I see that most citizens abandoned their cars after the traffic paralysis caused by the wildfire, almost having to leave with just their mobile phones and a few belongings. At such times, the rich, the middle class, and ordinary people are all insignificant in the face of nature's power. After struggling to survive and escape, new problems confront them: how to live on? Money is essential. Since they have survived, the next step is to sell everything that can be sold for cash, with cryptocurrency being the first choice. Stocks cannot be traded 24 hours a day, 365 days a year; yesterday trading was halted due to a day of mourning, whereas cryptocurrencies can be traded at any time. To survive, they quickly sold off their cryptocurrency, triggering a selling spree. The news from the end of last month that allowed the U.S. government to sell the confiscated bitcoins from Silk Road just broke yesterday. Undoubtedly, wealthy whales want to wipe out the cryptocurrency bulls and greedily consume bloody chips, and after the drop last night, the whales began preparing to slaughter the short-sellers. As of this post, Bitcoin has already seen 14 consecutive bullish candles on the hourly chart. Such a beautiful trend is something I have never seen before. Having discussed the negatives, let’s briefly talk about the long-term impact of this black swan event of the Los Angeles wildfire on Bitcoin. My judgment is that it is a tremendous positive. The fire came too quickly, and people's lives are paramount; there is no time to take care of their property. The cold wallets of wealthy people holding Bitcoin will disappear in this fire, permanently reducing the number of Bitcoins in the world and significantly increasing Bitcoin's scarcity. As people gradually become aware of this fact, Bitcoin will rise rapidly. At the same time, those wealthy individuals who sold their cryptocurrencies on exchanges to cash out for survival will realize that stocks cannot be sold 24 hours a day for cash, but cryptocurrencies can. Once these wealthy individuals emerge from the shadow of the fire and make a comeback, they will be even more inclined to favor cryptocurrencies as a flexible asset. Regarding my views on this year's bull market, I do not believe that 108,000 is the peak; the bull market is still ongoing. I can only say that the world is vast, and unexpected events can occur any day of the year. The bull market will soon be reignited with Trump's return to power.