The bull market for Bitcoin has ended, and we have now entered a bear market.
The peak of this bull market occurred on 2025/10/06, with the price of Bitcoin at 126,000. I also do not wish to speak negatively about my career, but according to the "four-year cycle theory," the price of Bitcoin has indeed peaked. I just want to convey this fact to more newcomers who have entered this cycle.
In my opinion, the "Bitcoin halving" has the greatest impact on the price of Bitcoin; it is much larger than any other event (macroeconomics, regulatory policies, geopolitical issues, wars, pandemics, etc.). The four-year cycle theory is a cyclical theory that revolves around Bitcoin halving, and it is currently the most reliable cyclical theory in the cryptocurrency space, without exception.
The core of the four-year cycle theory is: "Bitcoin halving" dominates the rhythm of Bitcoin's bull and bear transitions, dividing the fluctuations of a Bitcoin bull and bear cycle into 4 parts, which are:
Bull Beginning >> Halving >> Bull End >> Bear Market
Before the "halving," there will be a "Bull Beginning," After the "halving," there will be a "Bull End," The "halving day" will be interspersed in the "middle region" of the entire bull market, The duration of the "Bull Beginning" and "Bull End" is basically similar,
After the "Bull End," there will be a bear market lasting 1 year, and then we will wait for the next "halving day" to drive the next "Bull Beginning" market, and so on, ad infinitum.
From the diagram below, we can see that the "Bull End" of this round has already concluded, and we have officially entered the "Bear Market" zone. Even if the date I mentioned may not be absolutely accurate, there is no need for us to continue betting in this zone.
I have already laid flat and dare not bottom fish. I think the bear market will last at least a year before hitting the bottom. 10/11 just cleared the retail investors, and next to be cleared are the whales, institutions, on-chain protocols, miners, stablecoins, and exchanges.
杀破狼 WolfyXBT
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Bearish
The bull market for Bitcoin has ended, and we have now entered a bear market.
The peak of this bull market occurred on 2025/10/06, with the price of Bitcoin at 126,000. I also do not wish to speak negatively about my career, but according to the "four-year cycle theory," the price of Bitcoin has indeed peaked. I just want to convey this fact to more newcomers who have entered this cycle.
In my opinion, the "Bitcoin halving" has the greatest impact on the price of Bitcoin; it is much larger than any other event (macroeconomics, regulatory policies, geopolitical issues, wars, pandemics, etc.). The four-year cycle theory is a cyclical theory that revolves around Bitcoin halving, and it is currently the most reliable cyclical theory in the cryptocurrency space, without exception.
The core of the four-year cycle theory is: "Bitcoin halving" dominates the rhythm of Bitcoin's bull and bear transitions, dividing the fluctuations of a Bitcoin bull and bear cycle into 4 parts, which are:
Bull Beginning >> Halving >> Bull End >> Bear Market
Before the "halving," there will be a "Bull Beginning," After the "halving," there will be a "Bull End," The "halving day" will be interspersed in the "middle region" of the entire bull market, The duration of the "Bull Beginning" and "Bull End" is basically similar,
After the "Bull End," there will be a bear market lasting 1 year, and then we will wait for the next "halving day" to drive the next "Bull Beginning" market, and so on, ad infinitum.
From the diagram below, we can see that the "Bull End" of this round has already concluded, and we have officially entered the "Bear Market" zone. Even if the date I mentioned may not be absolutely accurate, there is no need for us to continue betting in this zone.
Binance Alpha launched $GUA today, their official website is quite interesting haha, combining some on-chain tools with metaphysical concepts, it's pretty fun: https://app.superfortune.xyz/?invite_code=YQFQK
Monad is Coinbase's first IDO project, and it is the first cryptocurrency project IDO that Americans can participate in legally and compliantly.
If Monad does not do well, Coinbase can forget about it. If Coinbase does not do well, American regulation can forget about it; If American regulation does not do well, the US stock market can forget about it; If the US stock market does not do well, the Federal Reserve can forget about it; If the Federal Reserve does not do well, the United States can forget about it; If the United States does not do well, the Earth can forget about it; If the Earth does not do well, the solar system can forget about it; If the solar system does not do well, the Milky Way can forget about it; If the Milky Way does not do well, the universe can forget about it.
Monad is Coinbase's first IDO project, and it is the first cryptocurrency project IDO that Americans can participate in legally and compliantly.
If Monad does not do well, Coinbase can forget about it. If Coinbase does not do well, American regulation can forget about it; If American regulation does not do well, the US stock market can forget about it; If the US stock market does not do well, the Federal Reserve can forget about it; If the Federal Reserve does not do well, the United States can forget about it; If the United States does not do well, the Earth can forget about it; If the Earth does not do well, the solar system can forget about it; If the solar system does not do well, the Milky Way can forget about it; If the Milky Way does not do well, the universe can forget about it.
Altcoins have little historical reference, approximately no cycles, especially since the VC coin model only began to appear on a large scale in 2021. Hoping that this cycle of altcoins can replicate the frenzied altcoin season of 2021 is my delusion.
The altcoins of 2021 went from 0 to 1,
The altcoins of 2025 need to go from 1 to 2 to replicate the glory of 2021, but do these altcoins really hold "2" of value? 99% of altcoins are electronic waste.
Bitcoin is digital gold; as long as there is consensus, it can rise from 1 to 100 without issue, but altcoins cannot do that. You must truly create a value of "2" for the world to rise to "2".
So I believe that there will no longer be large-scale altcoin seasons in the future; there may only be CZ seasons, Elon seasons, and Trump seasons.
The bull market for Bitcoin has ended, and we have now entered a bear market.
The peak of this bull market occurred on 2025/10/06, with the price of Bitcoin at 126,000. I also do not wish to speak negatively about my career, but according to the "four-year cycle theory," the price of Bitcoin has indeed peaked. I just want to convey this fact to more newcomers who have entered this cycle.
In my opinion, the "Bitcoin halving" has the greatest impact on the price of Bitcoin; it is much larger than any other event (macroeconomics, regulatory policies, geopolitical issues, wars, pandemics, etc.). The four-year cycle theory is a cyclical theory that revolves around Bitcoin halving, and it is currently the most reliable cyclical theory in the cryptocurrency space, without exception.
The core of the four-year cycle theory is: "Bitcoin halving" dominates the rhythm of Bitcoin's bull and bear transitions, dividing the fluctuations of a Bitcoin bull and bear cycle into 4 parts, which are:
Bull Beginning >> Halving >> Bull End >> Bear Market
Before the "halving," there will be a "Bull Beginning," After the "halving," there will be a "Bull End," The "halving day" will be interspersed in the "middle region" of the entire bull market, The duration of the "Bull Beginning" and "Bull End" is basically similar,
After the "Bull End," there will be a bear market lasting 1 year, and then we will wait for the next "halving day" to drive the next "Bull Beginning" market, and so on, ad infinitum.
From the diagram below, we can see that the "Bull End" of this round has already concluded, and we have officially entered the "Bear Market" zone. Even if the date I mentioned may not be absolutely accurate, there is no need for us to continue betting in this zone.
If Jesse doesn't do well, don't expect the Base App to do well; If the Base App doesn't do well, don't expect Coinbase to do well; If Coinbase doesn't do well, don't expect U.S. regulators to do well; If U.S. regulators don't do well, don't expect the U.S. stock market to do well; If the U.S. stock market doesn't do well, don't expect the Federal Reserve to do well; If the Federal Reserve doesn't do well, don't expect the U.S. to do well; If the U.S. doesn't do well, don't expect the Earth to do well; If the Earth doesn't do well, don't expect the solar system to do well; If the solar system doesn't do well, don't expect the galaxy to do well; If the galaxy doesn't do well, don't expect the universe to do well.
Downloaded the Base App, registered, recharged, and then $jesse opened the market. I fiddled for half a minute and just couldn't buy in, which made me anxious. In the end, I transferred Ethereum to GMGN to successfully make the purchase, missing prices below 10m.
Boss @jessepollak, your app experience is not great 🥺
My first bucket of gold in the crypto world was in early 2021.
At that time, I watched Dogecoin rise 10 times with my eyes wide open, feeling unwilling, so I deposited 200u into the Matcha exchange, planning to buy some animal coins that had many zeros in their prices. In the end, I divided it into 4 parts and bought 4 Meme coins: Shib, Pig, Safemoon, and Akita.
This 200u turned into 20000u within a week. First was Shib, which rose a total of 36 times from start to finish. At that time, I already thought it was exaggerated. Who knew that later Pig was even more terrifying, rising a total of 160 times.
Relatively less impressive were Safemoon and Akita. Safemoon only rose about 10 times, and the one that rose the least was Akita, which seemed to be only around 7 times.
This incident made me completely addicted to the crypto world, especially Meme coins. I put all my money in, went to zero once in between, but fortunately, I’m still alive now.
If October 6, 2025 really is the peak of this bull market
then this bull market has lasted a total of 1064 days, which is just too coincidental, the bull market in 21 years also lasted 1064 days, and the bull market in 17 years also lasted 1064 days, it’s so bizarre!
杀破狼 WolfyXBT
--
Bearish
The bull market for Bitcoin has ended, and we have now entered a bear market.
The peak of this bull market occurred on 2025/10/06, with the price of Bitcoin at 126,000. I also do not wish to speak negatively about my career, but according to the "four-year cycle theory," the price of Bitcoin has indeed peaked. I just want to convey this fact to more newcomers who have entered this cycle.
In my opinion, the "Bitcoin halving" has the greatest impact on the price of Bitcoin; it is much larger than any other event (macroeconomics, regulatory policies, geopolitical issues, wars, pandemics, etc.). The four-year cycle theory is a cyclical theory that revolves around Bitcoin halving, and it is currently the most reliable cyclical theory in the cryptocurrency space, without exception.
The core of the four-year cycle theory is: "Bitcoin halving" dominates the rhythm of Bitcoin's bull and bear transitions, dividing the fluctuations of a Bitcoin bull and bear cycle into 4 parts, which are:
Bull Beginning >> Halving >> Bull End >> Bear Market
Before the "halving," there will be a "Bull Beginning," After the "halving," there will be a "Bull End," The "halving day" will be interspersed in the "middle region" of the entire bull market, The duration of the "Bull Beginning" and "Bull End" is basically similar,
After the "Bull End," there will be a bear market lasting 1 year, and then we will wait for the next "halving day" to drive the next "Bull Beginning" market, and so on, ad infinitum.
From the diagram below, we can see that the "Bull End" of this round has already concluded, and we have officially entered the "Bear Market" zone. Even if the date I mentioned may not be absolutely accurate, there is no need for us to continue betting in this zone.