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2025/3/24 Trump advocate, the panic index is warming up, is there a chance for the market to reverse?
I LOVE $TRUMP—SO COOL!!! The Greatest of them all!!!!!!!!!!!!!!!!
Trump's involvement in the crypto space is truly a love-hate relationship, full of drama. The love comes from the fact that it's like a legendary movie: the myth of Bitcoin soaring from 50,000 to 100,000, the story of Trump's election, interspersed with a plot of an assassination attempt, and the MAGA movement's strong rise, making him the "savior" of the crypto world. Not to mention Musk joining in, pushing this drama to its climax; the frenzy during that time quickened heartbeats, with wealth effects maximized, and both altcoins and Bitcoin holdings at one point thought they would multiply tenfold before concluding. The hate comes from his issuance of the "Trump Coin," which directly sucked the market liquidity dry. The anticipated Spring Festival rally was abruptly ended by this operation, and the market directly entered a dark period, with retail investors trapped, altcoins retracing, and even hitting new lows. This rollercoaster-like experience really makes one feel both worshipful and sarcastic.
Time flies, and the market has been recovering for almost two months. On March 10, I noticed that the Bitcoin contract positions had almost no fluctuations; the contract market was cleaned out so thoroughly that everyone lost the desire to operate, so I felt that 80,000 should be a temporary bottom. Now, after half a month, there are no issues at all. Whether it's the market sentiment brought by BSC or the fact that Bitcoin itself has risen from 80,000 to 86,000 today, it has validated the temporary bottom on March 10. Today, the fear index has also reached 45. Everything seems to be quite good; at least we don't have to be overly anxious. Although the altcoins are still in a speculative market, the most difficult times have already passed.