The cow is still there, but not now.
Optimistically viewing the global dollar liquidity hasn't been released yet, it depends on the situation of U.S. Treasuries and U.S. stocks, which is strongly correlated with Trump's subsequent policies.
Trump is the world's largest insider trader. During his last administration, he initiated a trade war, proving that this guy is skilled at making money; this time, he can maximize benefits by cashing in on the influence of the country.
You can see what cards he has in hand to understand how he will operate next. It is reasonable to expect that strategic reserves will not be additionally purchased in the end; he is already burdened with a mountain of famine-related debts, and it is unrealistic to expect him to spend money hoarding currency.
If someone urgently needs money but still has a bunch of valuable bitcoins, what do you think he will do? Sell it!
Once he takes the lead in crashing the market, it will be a catastrophic disaster. Those blood-stained chips can’t just be picked up at will; it's still the same playbook of dollar tides, but this time he is the tide master of the cryptocurrency world.
In the coming period, there will be a decline first, then a rise; it may reach 60,000. What can be done is to continue riding the roller coaster, and the future is still something to look forward to, provided that we can survive until that moment.
Holding onto spot assets and staying away from contracts is the way to survive.