
Phyrex|May 01, 2025 19:18
Sorry, there isn't.
Of course, I still said the same thing. What I said may not be correct. My view on reversals and rebounds has always been from the perspective of liquidity and the entire risk market, rather than just looking at BTC or the S&P 500.
If we only talk about BTC, I never think BTC will have any problems. I often express that Botcoin is likely to start a ten-year bull market like gold, which is my understanding of BTC.
But the cryptocurrency industry is not just about BTC, and there are still a few of its peers who truly hold BTC. The reversal should be based on the majority of altcoins or the overall market, rather than just BTC and a few tokens rising better. Even ETH has not yet returned to $2000. If we insist on a reversal, I cannot bear it.
No matter how well BTC rises, it is not a condition for the entire cryptocurrency market to decide a reversal. It may drive the market to rise, but if liquidity does not keep up, then how did it come about? It may double back.
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