Several Truths about the 3.8 Coin Circle 1. The bull market is definitely not over yet, interest rate cuts have just begun, and the Federal Reserve is still shrinking its balance sheet BTC has been securitized and absorbed the liquidity of the US stock market, with a trend consistent with the Nasdaq, and has emerged from an independent market trend 3. Shanzhai coins heavily rely on loose monetary policies, with only two waves of gains since the bull market. All of them are rising after BTC reaches a new high 4. BTC's previous pullbacks have been between 20% -32%, and after the pullback, they have all experienced a doubling trend 5. After reaching a new high in BTC, knockoffs will all make up for it, while the true knockoff market will only see a comprehensive rise after the transition from Qt to QE and the promotion of interest rate cuts