$BTC

Should we give up on trading Bitcoin?

The current pricing of Bitcoin has quietly stabilized around 100k, and for spot trading, buying in is not cost-effective.

Even if it rises to 120k or even 150k in the future, the costs and returns are not significant, and one must also bear the risk of a potential black swan event causing a complete market collapse.

Moreover, the saturation of the entire market is not that large. Even though Bitcoin's individual market cap has entered the global top ten, it is still not an ideal investment target.

Old money is reluctant to enter, while new money comes in waves, which reflects the current state of the entire Bitcoin market. Many large holders are not unwilling to sell at high positions, but there is no one to take over.

Despite MicroStrategy continuously buying, leading the way, it hasn't created a following effect; instead, the trading volume in futures is decreasing.

Why?

The fundamental reason is that Bitcoin's pricing is too high. The same margin and leverage applied to other products yield incomparable volatility.

Because Bitcoin is priced high, no one is trading it, and even the number of futures traders is decreasing, resulting in daily price fluctuations that are even less than during bear market phases.

Thus, Bitcoin is gradually being abandoned by the public.

How to break the deadlock?

Introducing mini futures might be the only way to increase trading volume and volatility; otherwise, Bitcoin will only be a mascot and a reference point in the future.

Every day is spent in disappointment and hope regarding Bitcoin. Having loved it for six years, it's hard to let go, but indeed, it's difficult to make profits from it.

This is very tangled.