#Strategy增持比特币

Let’s analyze the key factor of Bitcoin's halving mechanism. As is well known, Bitcoin's production halves every four years. Historical data shows that after the previous halvings, the market typically experiences a true price peak about 1 to 1.5 years later. Based on this timeline, the end of 2025 to the beginning of 2026 is more likely to be the peak moment for the market; the current pullback seems more like a halftime break. Additionally, comparing the magnitude of the pullback, this time it has only dropped by 30%, whereas in 2017 and 2021, Bitcoin experienced significant pullbacks of 45% and 53%, respectively. In comparison, the current pullback is not considered exaggerated. Moreover, the miners' cost line is currently around $78,000. If the price really drops to this level, miners, due to cost considerations, will be reluctant to sell their Bitcoin, which will to some extent create price support, akin to a natural moat.