I have not expressed a bullish view on Bitcoin even once since August 2025. But I see the current market movement differently from what I have seen before. I had been expecting further downside. However, at this point, I see that my judgment was wrong. I want to acknowledge that clearly. The current price rebound now appears likely to continue longer than I originally expected. Even if Bitcoin encounters short-term resistance and pulls back again, the down cycle may take longer to fully resolve, but I no longer expect price to break down as easily as I previously anticipated. Over the past year, I have taken a total of three short positions. And with this third short position being my last, I will no longer take short positions. If the market is moving differently from what I expected, there is no reason to stubbornly hold on to my previous view. If the market has changed, I will acknowledge that change and adjust my outlook accordingly. At the same time, I will go back and review all of the data I have interpreted so far from the beginning. I will re-examine where my judgment went wrong, which signals I may have overinterpreted, and what changes I may have overlooked. I will clearly acknowledge where I was wrong, and I will also determine why I was wrong. Summary From this point forward, I will be bullish on Bitcoin.(mignolet)