#比特币ETF资金流入 On-chain data has once again shown some interesting signals. The latest report from CryptoQuant indicates that Bitcoin demand growth is slowing down, which is indeed worth serious consideration. From the US spot ETF to the presidential election, and then to the corporate hoarding craze, these waves of momentum have gradually been released, and now the market has entered a phase of demand re-evaluation.

But there is a key point that is easily overlooked — the expected bear market decline is projected to be the smallest in history. It could fall back from its all-time high by 55%, and the medium-term support level is expected to be around $70,000. This precisely shows that the underlying value consensus of Bitcoin remains intact; the market is simply re-pricing growth expectations.

Every cycle experiences such adjustments. Short-term demand slowdown does not mean long-term value erosion. On the contrary, this phase is a good opportunity for those who truly understand the significance of Web3 decentralization to build confidence. The initial benefits of capital inflows into spot ETFs have faded, but it has fundamentally changed the way institutions participate in crypto assets — this shift is irreversible.

True intentions are revealed through volatility. Instead of being driven by short-term emotions, it’s better to use this time to understand why Bitcoin, as a decentralized asset, has long-term value. The future belongs to those who stay clear-headed at critical moments.