#比特币市场结构分析 Seeing this Bloomberg analyst report, I can't help but recall how I was once frightened and panicked by market volatility. Looking back now, it only adds to my worries. The long-term trend of Bitcoin is what truly matters; short-term fluctuations are not worth worrying about.

Last year's 122% increase was indeed astonishing, and even a correction this year is understandable. The key is to stay rational and focus on an average annual growth of about 50%. This "cooling-off period" is actually a good time to accumulate positions.

That said, we also can't be blindly optimistic. The market is always full of uncertainties, and over-leverage or chasing gains and selling in panic are major taboos. Stay vigilant and manage risks well to survive long-term in this market.

Reflecting on the experience of being "liquidated" in the past has strengthened my belief in value investing. Not following the crowd, avoiding FOMO, and diligently researching projects are the right ways. I hope everyone can learn from the lessons of those who came before and navigate this ever-changing market steadily.