Is it possible for Bitcoin to enter the super slow bull phase!? So far this year, governments, companies, and ETFs have purchased over 400000 bitcoins What concept? This part accounts for 2% of the total supply of Bitcoin, and all of this is intensifying: So, as mentioned before, is it possible for Bitcoin to enter a completely new super slow bull cycle!? The judgment of institution led pricing, chip structure restructuring, and reduced intraday volatility is very accurate and in line with the current trend of ETF+MSTR+macro fund allocation. Simply put, BTC is no longer a "retail speculation tool", but an "institutional asset allocation tool". MicroStrategy、ETF、 The capital structure dominated by Wall Street is flattening volatility and elongating cycles. What you see is a sideways trend, institutions see fixed investment opportunities, and BTC is more like a technology stock, or a slow bull curve of over ten years.