Recently, an interesting viewpoint has been circulating in the community. A seasoned professional in the crypto industry recently stated that Bitcoin is still far from the bottom, and don’t expect it to hit a new all-time high this year. This judgment has sparked quite a bit of discussion.

His reasoning is roughly as follows: although there have been many projects in the past two years that have seen price increases, Bitcoin, as the largest asset, still exhibits very clear cyclical characteristics. From historical data, every bull market has been preceded by a thorough bottom-building phase, and it appears that this process is still ongoing.

I personally think this viewpoint is worth pondering. Many people are easily confused by short-term price fluctuations, especially when some rising cryptocurrencies perform strongly, leading them to imagine Bitcoin soaring to the sky. But the true market logic is often not that simple. Fundamental recovery, accumulation of on-chain data, macroeconomic changes—all of these take time.

Looking at it from another angle, if Bitcoin is indeed still hovering around the bottom area, it could actually be an opportunity for long-term holders. This period can be used to continue accumulating positions, waiting for a genuine reversal signal. Recently, I’ve been paying attention to some mainstream assets on Gate, and you can indeed see signs of institutional quietly positioning. If you're interested, you can check out the market yourself and look for projects with solid fundamentals that haven’t yet seen their prices rise.