The market may fluctuate and wash in the short term, but friends who hold spot stocks don't need to worry too much, as long as they believe that the bull market is coming. There are several reasons:
1. After the Bitcoin halving, the number of mining will decrease, the circulating Bitcoin will also decrease, and the market demand is large, so the price may rise.
2. Before the halving, Bitcoin had adjusted by 18%, and many altcoins adjusted by more than 50%, which seems to have been adjusted in place. Judging from the market last night, the repeated wash is testing everyone's confidence in holding coins.
3. Europe is expected to start cutting interest rates in June, and the US balance sheet reduction is also decreasing, all in preparation for the US interest rate cut.
4. Bitcoin spot ETFs are still buying, and large institutions such as BlackRock and Fidelity are also buying. Grayscale has also reduced management fees. The outflow of Bitcoin will slow down and will soon turn to buying.
5. Many people think that the bull market is coming soon, and those large institutions must know better, so they are also actively buying.
But the bull market will not come as soon as it is said, and we need to be patient. Those who don’t have the patience to wait for the bull market may miss it.
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