The Night Before the Bull Market: From Four Years of Downturn to the Turning Point of the Super Cycle

【Blockchain Rhythm】The stock markets in the US, China, and South Korea are all on the rise, but this is precisely an interesting paradox—large funds are still chasing stocks, gold, silver, rare earths, and other traditional assets, while the crypto market has become a supporting role.

Looking back over these four years is a bit painful. From Bitcoin soaring to $69,000 in 2021 to now, BTC has only slightly increased, and Ethereum is even below its previous high. Rate hike cycles, underwhelming technological implementation, capital flowing into stocks… these factors combined have cast a sense of disappointment over the entire crypto investment community.

But history tells us that the most despairing moments are often turning points.

The current background is quietly changing: an interest rate cut cycle is approaching, the global stablecoin ecosystem is gradually maturing, policies are becoming more friendly toward crypto, and traditional finance is quietly moving onto the blockchain. From both macroeconomic cycles and technical indicators, we now seem to be standing at the night before dawn.

There’s an old saying: “When others are greedy, be fearful; when others are fearful, be greedy.” The bull market may come more slowly, but once it starts, its explosive power can be quite terrifying. Moreover, we can also sense some clues from the actions of market leaders—main participants like Tether and certain major exchanges are continuously positioning, which is not without logic.

The super cycle of crypto is indeed on its way, just still passing through the tunnel.