Looking back at the cycles of these years, there is an interesting pattern - after each large-scale regulatory action, the market tends to experience a surge.

Take the first instance for example, in December 2013, five ministries jointly issued a document, officially defining Bitcoin as a virtual commodity.

At that time, the price dropped directly from $1100 to $400, a decline of 65%. To be honest, the term "crypto circle" hadn't even taken shape yet, and the entire market's capital volume was just like that, basically still the 3M game.

But guess what happened next?

BTC-8.06%

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ChainChef

· 11-30 13:50

nah this pattern's been marinating for too long, feels like we're just seasoning the same old recipe at this point... 2013 crash followed by moon? that's the dish everyone's already memorized lol

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