On June 29, Yili Hua, founder of Liquid Capital (formerly LD Capital), said, "Currently, this is the third wave of decline since 1011. According to wave theory and cyclical patterns, this is the last major drop for Bitcoin.

What concerns people most is the bottom price of Bitcoin this time. The main factors are the US stock market and MicroStrategy. I don't know if the Fed's concerns about CPI will trigger changes in expectations for rate cuts or even rate hikes, which have always led to a sustained pullback in the US stock market. Secondly, in past bear markets, black swan events or explosions often occur at the tail end. This time, no such events have occurred yet, and close observation is needed.

Based on BTC's highest of 126k, a 60% drop would be 51,000, and a 66% drop would be 43,000. Regardless, July to August should be the final time and the best time to bottom-fish, and even the most worthwhile opportunity in the next three years." #美光市值超越Meta跻身全美前十