#加密货币市场趋势 Recently, I’ve seen a lot of discussions about whether the four-year cycle in the crypto market is becoming invalid, and I find this topic quite interesting. Although the Bitcoin halving cycle still exists, the market structure has indeed changed significantly. The involvement of traditional finance and tech giants, the launch of ETFs, and the diversion of funds due to the AI boom have all made this cycle stand out as unique. I believe that being overly fixated on a fixed cycle may mislead investment decisions. It’s now more important to focus on macro factors such as liquidity and the regulatory environment, as well as the actual implementation of various projects. For ordinary investors, maintaining a long-term allocation with Bitcoin as the main asset, moderately participating in other high-quality projects, and keeping sufficient cash reserves to cope with volatility might be a relatively prudent strategy. Of course, this is just my personal opinion; everyone should develop their investment plans based on their own risk tolerance and research. In any case, the future of the crypto market remains full of opportunities and challenges, and it’s worth our continued attention.