BTC's bull market! Fake season? Please be rational! In my personal opinion, a short position determines one's mind, and the market trend is the result of a long short game in the entire market, which is not subject to Xiao Afu's personal will. The total market value of cryptocurrencies is currently $3.76 trillion, which was pushed to about $30000 in the last round of large-scale liquidity injection. So how much liquidity is needed to drive the arrival of the counterfeit season? This month, the two major projects continue to harvest liquidity, PumpFun+WLFI。 The market has entered an era of cognitive stratification: institutions play Bitcoin, market makers play knockoffs, and retail investors play illusions. When Bitcoin reached a new high of $117000, the tombstone of the altcoin was inscribed with only one line: 'Here lies the last batch of liquidity buried.'.