In 11 years/17 years/21 years, the Bitcoin peaks have been highly correlated with the peak levels of global M2 year-on-year cycles. Currently, the Federal Reserve has not yet begun to cut interest rates, and the era of massive global M2 expansion has not officially started, so there is reason to believe that the Bitcoin peak has not yet arrived.

PS: Currently, many data indicate that there will be adjustments in the short term, and a phase top may have already appeared, but the long-term outlook remains optimistic. $BTC