The money for the next bull market is already quietly on the way.
Bitcoin has fallen from $126,000 to $80,000, a drop of nearly 35%.
The market is in a state of wailing, with leveraged liquidations and liquidity depletion, even the air carries a warning of 'don't touch'.
But strangely —
On one side is a bloodbath in the market, while on the other, policies are frequently blowing warm winds:
The Fed's quantitative tightening is over, with a rate cut probability exceeding 87%;
The SEC is about to launch an 'innovation exemption', shifting the regulatory attitude from 'blockade' to 'guidance';
The global ETF channels are gradually opening, with custodial, settlement, and compliance infrastructure rapidly maturing…
It's very grim in the short term, but the long term has lit up a green light.