A bull run has already happened, and the time for easy profits is over.
Recently, the incident of the Cambodian Prince Group founder's Bitcoin being seized by the U.S. Department of Justice in conjunction with multiple international law enforcement agencies has been brewing, leading to public skepticism about the anonymity attribute that Bitcoin has always been praised for. Recently, with gold reaching new highs, Bitcoin has not followed suit, and the underlying logic of Bitcoin seems to be weakening. The possibility of a bull run in the short term is already quite low.
Overall, there are local opportunities, but the possibility of a continued full bull run is not great. Participation should also be mindful of risks, as the crypto market is highly volatile, and there can be sudden spikes in the market. After a surge, both long and short positions can get liquidated very easily.
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A bull run has already happened, and the time for easy profits is over.
Recently, the incident of the Cambodian Prince Group founder's Bitcoin being seized by the U.S. Department of Justice in conjunction with multiple international law enforcement agencies has been brewing, leading to public skepticism about the anonymity attribute that Bitcoin has always been praised for. Recently, with gold reaching new highs, Bitcoin has not followed suit, and the underlying logic of Bitcoin seems to be weakening. The possibility of a bull run in the short term is already quite low.
Overall, there are local opportunities, but the possibility of a continued full bull run is not great. Participation should also be mindful of risks, as the crypto market is highly volatile, and there can be sudden spikes in the market. After a surge, both long and short positions can get liquidated very easily.