This round of the bull market will essentially end by the end of 2025. When small coins take off collectively, it's a big bull market. This wave of market may not last until October, at which point it is highly likely to change direction. Bitcoin might drop back below 85,000. Altcoins are generally expected to fall by 20%-30%. Those who chase high prices will find themselves trapped at the peak, crying. When retail investors are scared by the pullback and sell at a loss, large investors will take the opportunity to buy in at low prices. Before the end of the year, there will be one last surge. October-November: The market will move sideways and decline, with retail investors despairing and leaving the market. December - March next year: There may be another surge leveraging new stories like AI, RWA, and GameFi. The terrifying scenario for 2026: No one knows how high Bitcoin will go (150,000? Maybe). Altcoins with no practical use will drop so much that even their mothers won't recognize them. Unless blockchain technology suddenly revolutionizes the world (like everyone using Bitcoin to pay salaries), we can't escape the four-year cycle of bull and bear markets. The crazier the celebrations now, the harsher the fall at the end of the year! #比特币2025大会 $ETH