Let me talk to everyone about the so-called four-year big-cycle theory. We proposed this view in the 2017–2018 period. At that time, you could probably count a whole bunch of KOLs or newcomers, weeds—let alone people who actually understood the crypto-cycle theory. To be blunt, it’s very likely that when everyone now sees various KOLs talking about cycle theory, more than half of them got it from us—moved on from our own “bricklaying.” But what I want to tell you today is that, in the strict sense, the cycle theory has already begun to fail. We’ve also been telling our students this topic in the 2024–2025 period. If we follow the old cycle-theory logic, this market cycle hasn’t started that quickly yet. At least around June–July, there should be another sharp drop, and then the market would grind along until it starts a big uptrend around November. That’s also why many KOLs missed the move this time.

So don’t be stubborn like someone “sticking to the old boat’s marks,” and don’t just copy blindly. Those KOLs who apply the cycle theory in a way that’s all over the place shouldn’t go out there to make a fool of themselves. But then people will have questions: why is it that you say our big-cycle market is starting this time?

Let me ask everyone one question: this time the start of the big-cycle market—there’s a fundamental difference from the four-year big-cycle pattern. I didn’t just go back to “re-state” that the previous four-year big cycle ended and that a new four-year big cycle started—those are two different things. After the National Day holiday, if we have the chance, I’ll reveal the answer to everyone directly in a Binance livestream using the K-line chart.#比特币现货ETF净流入9.99亿美元 $BTC