The market continues to rise steadily, and yesterday's mention of different capital has sparked a wave of discussion. Most bearish users feel that Old Cui is changing the concept. Regardless, the domestic market has not opened up, and the promotion of foreign markets hasn’t even been formally legislated in the American market, and the obstruction by banks cannot be ignored. Therefore, it is very difficult for Bitcoin's price to break through the hundred thousand mark this year. Old Cui gives the conclusion upfront: even without further narratives, breaking through a hundred thousand this year is a foregone conclusion. To start with data, Old Cui sees that the domestic influence in the cryptocurrency market has already lost pricing power; we can take a moment to reflect on what twists and turns domestic cryptocurrencies have experienced. Firstly, there was the expulsion of miners, secondly the expulsion of platforms, and finally, banks jointly issued notices. These three waves directly caused Bitcoin to halve from its early peak of seventy thousand, and prolonged a bear market for a certain period of time.

The first three waves targeted retail investors, and ultimately, during the time when Bitcoin reached the hundred thousand mark in the previous two years, domestic capital was completely withdrawn from the cryptocurrency market, represented by Meitu and VIVO. So how much domestic capital is still alive in the market as of now? There is no exact data on this; merely judging from wallet addresses cannot show which country these wallets are located in. From domestic measures, it can be deduced that the current total quantity in the domestic market cannot possibly exceed 5% of the entire cryptocurrency market value, which includes the largest domestic group. So can domestic strategies still influence the cryptocurrency market? Old Cui's conclusion is very pessimistic. Some targeted measures that started last year have actually had little impact on the coin circle; thus, it is easy to infer about the current giants in the coin circle, most of whom are actually propelled by Americans themselves, such as Coinbase, BlackRock, MicroStrategy, and even the Trump family and the already opened ETF trading platforms.

Old Cui summarizes: So for those wanting to enter the spot market, just focus on the actions of these giants, ignore the influence from domestic sources, and even disregard the statements from other figures. As long as these giants are still purchasing, it is enough to prove that future trends will not change. The current stage is defined by the handover among giants, and the ancient whales require a thorough cleansing. What the Americans want is simply the pricing power in the coin circle, and once they accumulate enough chips, positive news will emerge endlessly. The real time of concern is after the positive news is exhausted and these giants start to sell off; who will take over? Once they enter a state of outflow, it will be the phase we need to escape from. If one's own strength is insufficient, the choice is to always stand with the giants. Those so-called new lows for the giants are also a kind of harm. This is the main factor and confidence that allows Old Cui to define new lows at the sixty thousand mark. The best trend currently is a volatile washing out, allowing those without patience to exit completely, after which explosive growth will be welcomed. All you need is to hold patiently; there will be returns before the end of the year. For contract users, keep an eye on the eighty thousand mark; the upcoming washing out will also satisfy everyone! There is no need to speculate on how the giants in the coin circle will behave; currently, they only have this path to take. At this stage, a bull market cannot be initiated, and when reaching key points, there will surely be huge fluctuations leading to short-term washouts. The closer it gets to the eighty thousand mark, the more cautious long positions need to be; waiting is the key.

Original creation by WeChat public account: Old Cui Talks About Coins. For assistance, you can contact directly.

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