#比特币价格分析与趋势 Wow, Kong Jianping's words hit the nail on the head! 🎯

The previous bull market logic was simple and crude: geeks → programmers → retail investors → mainstream finance, with each layer of cognition spreading out, bringing in new participants continuously, causing prices to soar. But after 2024, ETFs and institutions have directly changed the game—lots of BTC being locked up as if entering a central bank vault, these chips won't be moving in and out frequently.

What does this mean? It means the next wave of price increases might not require new narratives or stories—it's purely because the number of willing sellers is decreasing, and the tight supply is pushing prices higher. Switching from "cognition diffusion" to "supply contraction," these are two completely different logics 🔥

Honestly, this might be a bit of a drag on short-term traders, but if you look at the long term, it actually indicates that BTC's status is undergoing a qualitative change—from a risk asset to a hard asset similar to gold. So instead of obsessing over daily ups and downs, it's better to think about whether you want to trade short-term or hold long-term...

Anyway, institutions are quietly locking up coins, what about you?