$BTC $ETH $BNB
The market is experiencing a narrow fluctuation, with altcoins experiencing a slight pullback. This is not due to the main forces exiting the market, but rather some project parties selling off and retail investors cutting losses. The market shows that funds are quietly positioning themselves—according to BitMine's financial report, they increased their holdings by 100,000 ETH last week, with total holdings nearing 4 million, and they hold 1 billion in cash, indicating strong buying power going forward.
The market is showing initial signs of warmth: ETF fund flows are stabilizing, and the main forces are starting to take over. Whether a new round of increases can begin depends on whether the selling pressure can be digested. Personally, I have turned optimistic and am gradually increasing my positions.
As for whether the "four-year cycle" will be broken? It's possible. This round of market activity is driven by US stock funds, with BTC closely linked to the US stock market; altcoins have limited gains, and the space for declines is also narrowing; after the BTC halving, the annual inflation is only 0.8%, and the mining selling pressure has weakened. Even if a cycle exists, fluctuations will tend to slow down. Waiting for a turning point.
