#比特币长期发展趋势 Recently I saw analysts saying bitcoin has entered a bear market, mainly due to weak demand... Honestly, as someone new to the space, I'm a bit confused. It feels like I just bought a short time ago and now it's already a bear market😅
After looking at the data carefully, what's quite striking is that US spot ETFs went from aggressive accumulation in Q4 last year to net outflows of 24,000 BTC this year. It feels like the three waves that previously drove bitcoin's rise—ETF approval, election results, and the treasury company boom—are now exhausted? Demand growth falling below the long-term trend sounds pretty dangerous...
There's also one indicator that scared me: bitcoin's price has already broken below the 365-day moving average. I've heard this is an important dividing line between bull and bear markets. Now that I think about it, similar situations seemed to appear at the end of 2021 and before the 2022 bear market?
However, as a newcomer, I want to ask everyone—does this mean bitcoin will continue to fall in the short term? Or could this actually be an opportunity for long-term investment? I feel like weak demand ≠ no long-term value, right? Can any experienced traders help this newbie understand how to look at this situation?🤔
#比特币长期发展趋势 Recently I saw analysts saying bitcoin has entered a bear market, mainly due to weak demand... Honestly, as someone new to the space, I'm a bit confused. It feels like I just bought a short time ago and now it's already a bear market😅
After looking at the data carefully, what's quite striking is that US spot ETFs went from aggressive accumulation in Q4 last year to net outflows of 24,000 BTC this year. It feels like the three waves that previously drove bitcoin's rise—ETF approval, election results, and the treasury company boom—are now exhausted? Demand growth falling below the long-term trend sounds pretty dangerous...
There's also one indicator that scared me: bitcoin's price has already broken below the 365-day moving average. I've heard this is an important dividing line between bull and bear markets. Now that I think about it, similar situations seemed to appear at the end of 2021 and before the 2022 bear market?
However, as a newcomer, I want to ask everyone—does this mean bitcoin will continue to fall in the short term? Or could this actually be an opportunity for long-term investment? I feel like weak demand ≠ no long-term value, right? Can any experienced traders help this newbie understand how to look at this situation?🤔