Su Ge talks with everyone about whether Bitcoin has bottomed out. In the past few major bottoms, there were four signals: policy crackdown, system explosion, institutional liquidation, and utter despair. Missing any one means it's not a true bottom.


In 2015, miners were collectively wiped out and retail investors fled. In 2018, Ponzi schemes collapsed, leaving altcoins in shambles. In 2022, top exchanges blew up and major institutions liquidated. Each time, globally shocking events occurred together—first clearing out a batch of people, then a series of explosions. But don't be frightened; this is the market cycle.
Now looking back at these signals: policies are indeed tightening but not to the extent of a full crackdown; the system has not experienced widespread failures; although some institutions have been liquidated, there's no chain reaction; sentiment is pessimistic but hasn't reached absolute despair.
So Niu Ge believes this is not yet the true bottom. Don't rush to go all-in and buy the dip.
It's not too late to act when those signals are all present. Remember one phrase: "Bull market won't come until people's hearts are dead." Wait patiently for the true bottom to emerge.
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