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MicroStrategy has bought another 3,459 BTC. MicroStrategy can be considered an institution that has withstood several rounds of bull and bear markets. In the last bull market, it bought from 5,000 to 50,000, then from 30,000 to 70,000, and then in the bear market, it bought from 70,000 to 15,000. In this current bull market, it has bought from 15,000 to 100,000, and now from 100,000 to 80,000. In the eyes of true value investors, there is no price rise or fall; as long as there are bullets, they will invest. They are true Bitcoin believers!

The market has fully rebounded, and on the evening of April 7, everyone was advised to buy at the bottom. Currently, there are no issues at all. The specific cryptocurrencies were listed for everyone beforehand. Major cryptocurrencies: MKR LINK SUI CRV AAVE, which are either mainstream coins or altcoins within the top 100 by market capitalization, have strong consensus and performed quite well in this rebound. The smaller coins include TUT CHEEMS MLN, with TUT currently performing the best, having rebounded about 50% from the bottom. The most important thing is to buy at the right time and position. This is crucial. I estimate that many people were afraid to buy at the bottom on the evening of April 7. They always hope for a lower price when it drops and a higher price when it rises, leading to panic when it drops. This is human nature. However, to succeed in investment trading, one often needs to go against human instincts, becoming an emotionless investment machine, or simply following the strategy without overthinking it. Buying and selling according to my strategy is relatively stable.

How does altcoin perform in a complete bull market? First, it doubles 3-5 times, then drops 50-80%, returns to the starting point of the first wave, then rises again and starts the main rising wave, doubles 5-20 times, reaches the top of the bull market, and then the bull market ends, with a drop of about 95%! Then a cycle is completed. ​

Let's talk about the Ethereum Foundation selling coins. Every time $ETH drops, the Ethereum Foundation seems to sell coins in advance, which leads to everyone criticizing Vitalik Buterin. Setting aside emotional responses, let's look at the specific data analysis.
The Ethereum Foundation has indeed sold a portion of ETH, but the scale is not large, and its direct impact on the market is limited. They mostly handle large transactions through OTC (over-the-counter) trades. For example, in August 2024, they sold 35,000 ETH off-market, which helps reduce market volatility and minimizes significant impacts on the market. From this perspective, it seems quite reasonable.

The ETH held by the Ethereum Foundation accounts for only 0.26% of the total supply, so their selling actions have little effect on overall liquidity. In fact, significant market fluctuations are likely driven by other whales and market makers.

Another possibility is that such selling behavior is intentional, aimed at drawing attention and creating panic to achieve a washout effect. In this case, there may be certain interests behind the scenes. Additionally, they often sell ETH through specific addresses in small, frequent transactions, indicating that similar operations may continue. Although the scale is not large each time, it often amplifies effects in market sentiment. Everyone believes the Ethereum Foundation is a master of selling at the top; thus, selling 100 #ETH each time triggers a follow-the-leader and panic effect. Of course, I conspiracy theorist believe this behavior is intentionally coordinated with market makers for a washout, and from this perspective, the Ethereum Foundation certainly deserves criticism!

If this round of bull market ends so hastily, then don't expect the next round of bull market, because there is a high probability that there will be no bull market in the currency circle. In each round of bull market, most retail investors experience the process of huge floating profits (the process is the key, let them experience the pleasure of floating profits, even if they have nothing in the end, they only think it is their own fault, not crypto), this is the core reason why this circle attracts a steady stream of leeks to join. If the leeks in this round of bull market do not even experience the huge floating profit process, then why do you want to enter this circle with various risks such as frozen cards? At that time, not only will the old users of the currency circle withdraw from this market, but it will also be completely unable to attract new users to join, and finally gradually become a market where no one plays. At that time, you and I will all be witnesses. We have witnessed the birth, madness, and destruction of the world's largest financial bubble.