On December 16, 2020, the pie exceeded the price of $19,798 during the bull market on December 17, 2017. Since then, the rhythm of the real bull market has begun, bringing the pie to the peak of the bull market in 4 months.
Three years of coin accumulation is just these 4 months. If you seize these 4 months, your wealth will rise by one place.
On the evening of March 5, 2024, the pie exceeded the 69,000 dollar mark of the 2021 bull market. The time is just like December 16, 2020.
But the pie did not break the previous high, why?
First, the big pie in 2021 is far away from 160,000 U.S. dollars, and the price is only 69,000 U.S. dollars. But who knows that it is an underdeveloped bull market, and new people have just started to buy, and they are trapped.
Now three years have passed, people who have unwinded their contracts can't wait to sell, while new institutions and old leeks who have entered the market have taken the initiative to buy contracts.
Second, it has been rising since October last year, and those who used leverage have made a lot of money. In order to put lighter cars on the road, the market has chosen to blow up these leverages.
Yesterday, someone posted a picture of a 30x leverage for $65,000, but the position was liquidated at $65,150. He made 330,000 U at $68,000. When I asked others what their level was, they found that it was less than 220,000 U in a short while. The margin was doubled and taken away, and netizens left a message: The banker has helped you close your position. Part of the money from the liquidated position was put into the exchange contract fund, and part of it was accepted by the short sellers. However, most of the short sellers soon stopped laughing and did not remember to close their positions. At night, the price of the pie contract increased again and rushed directly to 69350. All the short positions were blown out again, and 5 hours later, it reached the position of 59,112 dollars, and the long positions were blown out again.
This shows that the price at this position is a highly controversial point of disagreement. A large number of people are long and short. However, Bitcoin has the function of purifying the market. It actively explodes these levers and actively passes these wealth that are useless to the market. The method of gambling is decentralized, returned to the market, and returned to all coin collectors.
If you ask me what the positive significance of gambling is, it is to take out unused money and redistribute it into society.
In fact, no one is trapped by the price of 69,000 dollars, and the chips are not concentrated at all. The chips are not as dense as when it was 40,000 to 50,000 dollars. If it really wants to pull up, this kind of market can be broken in one fell swoop.
But in fact, the contract leverage is too much, and they must be killed to make the car lighter and leave firm currency holders behind, so that the car can start.
The market's back and forth killing of leverage further proves the market's extreme desire to move upward.
I no longer look forward to the big bull market in 2025, this year will be the big bull market.
There are too many narratives to tell this year. You can tell by looking at the rhythm of various meme coins, which look like they can’t wait to make money.
Meme money is the smartest and most active money. They come and go quickly, and they have the most accurate grasp of trends.
When the trend comes, the market will rise first, followed by the meme. When the trend goes away, the meme will quickly lose its popularity first.
So when you see memes starting to lose value significantly, you should know that the bull market is coming to an end.
To look at the indicators of meme, just look at doge pepe shib bonk.
Who will be the meme king in the next round? It will probably be pepe or bonk.
Who is the king does not depend on the market value, but on who has the highest multiple.
As for inscriptions, all inscriptions are actually bit memes, just look at ordi and sats.
This year is the best year, 2021. Yes or no, give the pie half a year to prove it.
If the pie can reach $100,000 in the next few months, then this year is 100% a bull market. Don’t look to 2025, just be ready to make money this year.
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