It has been thirteen years.
Thirteen years of turbulent currents, thirteen years of blades and swords. Bitcoin, this silent giant whale, has always roamed in the unfathomable dark seas, its scales covered with dust from mines, the smoke of exchanges, and the humid vapor from secretive corners of trading. Its value grew wildly in the shadows, yet was always pressed down by a heavy 'stone door' outside mainstream view—that door called 'regulatory approval'.
The seasoned hunters of Wall Street stared intently at this stone door. They held crowbars and explosives called 'spot Bitcoin ETF'. Time after time, they charged and were pushed back by the shorts wielding knives behind the door; application materials piled up like mountains, yet shattered into pieces in front of the SEC's cold iron door, sparks flying. The market swung violently between hope and despair; every 'delay' and 'rejection' felt like a blunt knife, cutting at the nerves of holders, bloody shocks, and the candlestick chart became the cruelest battlefield.
Turning points often burst forth in the darkest moments.
When everyone thought it was just another futile cycle, in August 2023, Grayscale's hard-hitting lawsuit against the SEC sounded like thunder in the dark! The judge's gavel fell, declaring the SEC's rejection to be 'capricious and arbitrary'—that seemingly indestructible stone door was violently split open with a glaring crack! The wolves of Wall Street instantly smelled blood. BlackRock, the capital giant, was the first to forcefully insert a cold steel crowbar into the crack—applying for a spot Bitcoin ETF! Soon after, Fidelity, Ark... the giants surged like a tide, and the sound of the crowbar striking the stone door finally drowned out the roars of the shorts behind the door.
This is no longer an exploration; it is a hunt with a determined goal! The hot money of the tech nouveau riche from the West Coast and the torrent of old capital from the East Coast combine into an unstoppable force. SEC Chairman Gensler, once a regulatory iron gate, subtly yet crucially shifted his stance under immense pressure and the capital flood. He ultimately chose to put down the knife and extend a cigar—not a warm embrace, but enough. On January 10, 2024, at 9:30 PM, a historic moment! That thick stone door, which had separated Bitcoin from sunlight for thirteen years, collapsed under the impact of eleven simultaneous ETF approvals!
The floodgates opened, and the torrent burst forth!
As soon as BlackRock and Fidelity opened the ETF channel for the giant whale, a surge of capital poured in like a school of sharks smelling blood, crazily flooding in. A single-day net inflow of $627 million! The market trembled in a frenzy. The price of Bitcoin skyrocketed like a rocket breaking free from the gravitational pull, surpassing $45,000 and approaching $50,000! Those shorts lingering in dark corners were instantly crushed and evaporated by this tide! The exchange's clearing data was shocking, signaling the complete end of an old era—under the sunlight, shadows have nowhere to hide!
The sunlight finally poured unreservedly onto the ancient body of Bitcoin. It was no longer the mysterious ghost of dark web transactions, nor a toy for geeks to amuse themselves. It was lifted to the surface by vast, compliant, 'sunshine capital' from pension funds and mutual funds, its scales shimmering with the glow of true gold and silver in the sunlight. The labels once stigmatized as 'money laundering tools' and 'speculative bubbles' rapidly weathered and peeled away in the sunlight. Sunlight became its strongest endorsement, its most dazzling candlestick!
We love the sunlight.
I love the transparency it brings, letting evil spirits hide nowhere; I love the power it bestows, allowing value to thrive under its shining light. The giant whale of Bitcoin can finally surface, breathing freely and basking in the sun under the gaze of billions of eyes! This is a brand new era, an era bathed in sunlight! The giant whale turns over, golden light stretches for miles, and every splash it creates with its movements will be a magnificent wave on the future financial landscape!
The sunlight kills mold and evaporates dew.
The day the giant whale surfaces is also the time when the tides change direction.
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