---

### ✅ **Second: When does the market rise?**

No one can determine the exact date, but there are indicators to monitor:

#### 1. **End of interest rate hikes and the beginning of monetary easing**

* If central banks start to lower interest rates, investors return to taking risks, including in cryptocurrencies.

#### 2. **Positive regulatory reports**

* If major countries (like the USA or the European Union) start to establish clear and flexible laws for cryptocurrencies, this instills confidence in the market.

#### 3. **Bitcoin Halving**

* Occurs every 4 years, and the last Halving was in April 2024.

* Historically, the market rises 12-18 months after the Halving due to the reduced supply of Bitcoin.

#### 4. **Entry of major institutions (Institutional Adoption)**

* Such as BlackRock's investment or Bitcoin ETF funds.

* The entry of these institutions provides massive confidence to the market and attracts new investors.

---

### ✅ **Summary of my words:**

* The current decline is due to a mix of economic and regulatory factors.

* The rise is coming, but it needs time and patience – and we may see gradual improvement by the end of 2025 or the beginning of 2026, especially with the results of the recent Halving.

* The best thing to do right now is to learn, monitor, and invest rationally (not emotionally or greedily).

---