In the short term.

As I expected, the big coin filled the gap near 71650.

Then turn around and think, successfully creating a lower low of 68977.

Then it rebounded, wiping out the short's stop-loss, currently around 71000.

I believe that as long as the shorts are held, a downward trend will soon arrive.

The target remains 62500.

This operation requires great courage and a firm belief in the bear market. It is not investment advice.

Looking long-term.

This account still insists that the big coin is a high-quality asset in the long term.

The best strategy is to buy heavily at the bottom of the bear market, and at least a considerable portion needs to be held long-term.

The big coin has currently produced 20 million pieces and can produce less than 1 million pieces in the next 114 years.

The influence of miners on the market may gradually diminish.

The impact of large-position whales on the market will gradually increase.

As for the operation of ETFs, it is evident that there are other institutional speculators behind it.

In 2024, there were loud voices claiming that the big coin would enter a long bull market due to ETFs, just like gold did after the U.S. launched the gold ETF in 2004.

However, the trends in 2025 and 2026 have shattered this erroneous judgment.

The big coin has not yet reached the stage where global central banks have already made large-scale strategic reserves like gold.