The last time we shared data on 'new buyers' holdings was two months ago. As a key part of the demand side, as long as the curve keeps rising and the supply side continues to shrink (seller exhaustion), the market balance will inevitably tilt one day. Back then, we predicted: when 'new buyers' holdings reach 4 million coins or more, accounting for about 20% of the total circulating supply, things would start to look better. As of August 30, new buyers' holdings have reached 3.964 million $BTC—exactly in line with my expectations from two months ago. This scale is almost on par with January 2023; in other words, even looking at the last cycle, when new demand reached this level, the bear market was nearly over. The dawn is breaking, and the darkness will eventually fade away! If you're still trapped in excessive pessimism and fear at this moment, it might be because the bear market has left an indelible shadow in your heart. To the point where you've completely lost your composure... But you've forgotten that almost every opportunity in life is hidden within your fears. The sea has no bounds, yet the sky marks its shore; the mountain peaks, and I stand as its summit.