#### **Phase 1: The Hype and Massive Accumulation** 🚀

In this phase, a huge hype pushes thousands of investors to put their savings into Bitcoin. Large institutions accumulate the asset 🏦, because they anticipate a meteoric rise to $62,000, $66,000, or even $68,000, $70,000 💵. They simply want to capitalize on this rise. But...

#### **Phase 2: The Brutal Descent** 📉

The rich introduce liquidity at these dizzying heights, but soon the asset plunges. For example, it goes from $66,000 to $40,000. Liquidity becomes excessive, and so there are **many more opportunities** for small investors to realize potential gains. Large financial institutions, on the other hand, **sell at a loss** 💔, which reintroduces even more liquidity.

#### **Phase 3: Recover the Asset at the Bottom of the Cycle** 🛒

At this point, Bitcoin is “on the floor,” and it’s usually the **whales** 🐋 who take advantage of this to scoop up assets at low prices. However, these same whales will have already lost **billions** in previous phases. Smaller investors now have a unique chance to take advantage.

#### **Phase 4: The Disappearance of the Asset** 🪦

At this point, big institutions are broke 😵. They have lost hope and access to the asset, because it has been mined and bought back in too large quantities. They abandon Bitcoin completely, because it is **worthless** in their perspective.

#### **Phase 5: Liquidation and Full Accessibility** 💥

Bitcoin then becomes virtually **free**. Small investors end up with massive amounts of the asset, while large institutions have moved on to other opportunities 🏦. They leave the asset for dead... except...

#### **Phase 6: The Price Explosion** 🌋

The billions invested in Bitcoin have not evaporated 💣. They are still there, compressed in the asset, which has become extremely cheap. A **hidden market dynamic** appears: an **extreme price compression** follows the rules of **stochastic fluid dynamics** 🌀. The more the price is compressed, the more it explodes 💥. In a few days, Bitcoin rises to incredible heights, and those who had the **courage to hold on** despite the losses are finally **rewarded** 🎉.

#### **Phase 7: Return of the whales** 🌋

Seeing the asset rise, they rush, but too late, in a few hours, this one has made the ULTIMATE BULL RUN, rewarding the owners who start to sell, the whales buy it at a high price but become sardines! Then everything collapses again and they find themselves worse than ruined, the last holders of the asset recover their investments, a new world arrives

All the big institutions that had bet on Bitcoin are being left behind 🏴, while smaller investors are finally getting rich, in a **legal** and **fair** way ⚖️. This is the reality of a **totally volatile market like BTC