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📊 After a round of regulatory crackdowns, will the bull run rise again?
History tells you the answer 2013.12 Five ministries regulation: BTC 1100 → 400 (-65%)
The bear market lasted the longest, with the bottom maintained by pyramid schemes, and then the first real bull run arrived in 2017.09. ICO ban: BTC 5000 → 2900 (-42%), a quick recovery in one month, and surged to 20,000 by the end of the year.
Healthy cleaning, the prelude to the bull run 2021.05 Trading & mining prohibited: BTC 64,000 → 29,000
Months later, hitting a new high of 69,000, China loses the top global computing power. 2022-2023 high-pressure regulation: the US approves Bitcoin ETF, mainstream capital enters the market, and China's influence declines.🤔
Interestingly, the impact of regulatory news on the market is becoming increasingly marginal, no longer serving as a "sweeping negative" and unable to reshape the industry landscape.
Historical laws tell us: each round of major regulation is a missing piece of the puzzle for the bull run, and the results are different than Bitcoin reaching 100,000. Every regulation is an essential step 😂
#BTC #比特币行情观察