#Metaplanet增持比特币

After Bitcoin surged to the high of 100,000 USD, it entered a correction mode, leaving many investors confused and entangled, speculating whether this is a brief pause in the bull market or if the market has reached its end.

First, let’s analyze the halving mechanism of Bitcoin, a key factor. It is well known that Bitcoin's production halves every four years, and based on historical data, after the previous halvings, the market typically sees a real price peak about 1 to 1.5 years later. According to this timeline, the peak moment is more likely to be at the end of 2025 to the beginning of 2026; the current correction seems more like a halftime break. Additionally, looking at the extent of the correction, this time it has only fallen 30%, while in 2017 and 2021, Bitcoin experienced significant corrections of 45% and 53% respectively. In contrast, the current correction is not particularly exaggerated. Moreover, the miners' cost line is currently around 78,000 USD. If the price really falls to this level, miners will be reluctant to sell their Bitcoin due to cost considerations, which will, to some extent, form a price support, like a natural moat.