The era when Bitcoin would suddenly experience a drop of over 80% is now a thing of the past, and the market is no longer easily recoverable through simple re-entries. Cathie Wood directly stated this time: she believes the 85% crash cycle has ended, and $BTC is being regarded by more people as a more mature asset class. This judgment is a positive sign for the medium to long-term narrative, but don’t take it as an immediate signal for a rally. In the short term, liquidity and sentiment still matter. $BTC