#MSCI未排除数字资产财库企业纳入范围 Yesterday's market move indeed tricked quite a few people. Looking at the trend lines on the K-line, they were broken almost immediately. If there's a V-shaped rebound again today, it can basically be confirmed—someone is manipulating the market. $BTC $ETH these two major coins can't escape it.

As the price of Bitcoin breaks through $100,000, an interesting phenomenon worth noting: the once-revered "four-year halving cycle" seems to be losing its effectiveness. According to industry analysts, Bitcoin's mining output is now approaching exhaustion. In previous years, halving events would cause a significant impact on market supply, thereby influencing the bull and bear cycles. But now, that's different—the changes on the supply side have become almost negligible in their impact on the overall market. What does this mean? The traditional deep bear markets may truly be becoming less frequent. When supply-side factors are no longer the dominant variables, market driving forces will come more from macroeconomic conditions, policy directions, institutional arrangements, and other more complex factors. The cyclical patterns in the crypto world are rewriting themselves, which may require a rethinking of subsequent investment strategies.