
Dp大鹏|Nov 27, 2025 09:00
Following up on the last tweet:
A couple of days ago, BNBHolder and VulgarPenguin launched AIpha, but the market cap didn’t break 20M. This shows that liquidity still hasn’t returned. The probability of a golden dog emerging on BSC next month is decreasing. Optimistically, it might take until January to March for a golden dog to appear.
Also, I’m still bearish on the overall market. The rebound was expected, but the bottom of this bear market might not show up until the end of next year.
Some people say the crypto space no longer follows the four-year cycle. I heard this a lot during the big drop in the 2021 bull market. But at least for now, Bitcoin is still within the four-year cycle. Strictly speaking, institutions are front-running, which has caused the cycle to shift earlier. The slower retail investors comfort themselves with “not believing in the four-year cycle” because they couldn’t sell at the top.
The only thing we need to consider is: if we missed the narrative of inscriptions this bull run, what will be the new narrative for the next bull run?
Timeline