Phyrex
Phyrex|May 09, 2025 18:17
Emotionally speaking, I think it's very similar to February 2024. At that time, everyone thought that ETFs were not great, and after they were approved, BTC even experienced a pullback. At that time, everyone was looking forward to BTC starting with 2, but when it rose, many young people thought it was just a flash in the pan, so they went short. And this time there are multiple reasons. Firstly, the issue of tariffs gained a 90 day respite, returning from the beginning of 7 to the beginning of 9, and then the analysis of GDP stabilized above 9. Next, two states in the United States have already approved Bitcoin's strategic reserves, which has driven the sentiment of FOMO and directly surged to 10 with the achievement of the US UK negotiations. And as soon as it reached 10, we began to increase our FOMO efforts, which is a significant overlap with the fact that in February, more investors started at 6 and missed 5.
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