Phyrex|Aug 20, 2026 09:49
Simply put, speaking for myself, I’m not blindly bullish or bearish. Whether the market goes up or down next, I won’t try to predict it. Since the beginning of the year, I’ve been saying that my main focus during this phase is on what happens after the midterm elections.
As for Bitcoin, my attitude has always been: if it goes up, I’m happy; if it goes down, I’ll buy the dip. That’s why I’ve been buying all the way from $59,000 to $63,000. During this phase, I did sell off some dual-currency assets prematurely, but I’ve increased my spot holdings, and I don’t mind continuing to add more.
I don’t have much ability to predict short-term prices. The time I’m most optimistic about this year is around the midterm elections. So, my current accumulation is primarily in preparation for the midterms and the elections. If the midterms don’t hit the price I’m aiming for, then I’ll wait for the 2028 elections.
I’ve basically achieved my coin accumulation goal for this year, so the pressure has eased a lot. But from a data perspective, the pressure above bitcoin:native is still quite significant. The inventory on exchanges remains high. If it gradually decreases as the price rises, that’s a good sign. But if the price rises while Bitcoin inventory continues to pile up, then the upward pressure will be even greater.
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