shock! Why Bitcoin stagnated and the market turned upside down! ETF breakout, Ethereum PK, and the halving drama, you must not miss the secret of the hottest investment opportunities in 2024!Balchunas said that 10 billion is a huge number!Few U.S.-listed ETFs have achieved this feat, and Bitcoin has the potential to make history, even if its price doesn't rise quickly.The main reasons can be summarized as follows:1. The investment market is speculating on expectations: The market has very strong expectations for Bitcoin ETF, with the annual increase more than doubling and the half-year increase approaching 70%. With the adoption of ETFs, expectations have fallen and prices have fallen into a see-saw, which is a normal market experience, because the investment market usually speculates on future expectations.2. Ethereum rises and funds are partially transferred: The expectation of Ethereum ETF has started the speculation, and as the Cancun upgrade of Ethereum approaches, its speculation space and cost performance are higher than that of Bitcoin. Funds may move in anticipation, so there may be a reason to buy Ethereum when market concerns are the most serious.3. Halving effect and miner decision-making: After the halvings in 2012, 2016 and 2020, Bitcoin ushered in a bull market half a year later. Some people predict that after the halving in April 2024, Bitcoin mining costs will rise significantly. Miners may choose to sell some Bitcoins at this stage because they are worried about the increase in mining hash rate, resulting in some selling pressure.Taken together, Bitcoin’s volatility in the current price range reflects the uncertainty and hesitancy among market participants following last week’s approval of a spot Bitcoin ETF.The current long-short situation is in a tug of war. On the one hand, it is the optimism brought about by the surge in institutional investment and ETF trading volume. On the other hand, the good news has been fully released and funds have been transferred, as well as the pressure caused by miners' concerns about potential sell-offs.So, when will Bitcoin be better positioned to rise?Bitcoin has entered a new stage, which is described as the "primary stage" of the currency circle. Regardless of adjustments, the fundamentals are already very good relative to 2022 and 2023. Therefore, the best time to buy Bitcoin might be now!Through the stimulation of the halving in 2024, the increase in market atmosphere, and the inflow of funds after the adoption of ETF, I personally believe that after Bitcoin experiences short-term consolidation and digestion of the impact of the halving, it will show a larger increase in the third quarter of 2024.For long-term holders, the price of Bitcoin should not be a factor to consider as it will reach 1 million sooner or later! Click the avatar to follow the homepage and like itSmall circles share various wealth passwords.The bull market is approaching, don’t let yourself be just a spectator
