Bitcoin halving and market outlook

The video mainly analyzes the current trend of the Bitcoin market, and the time is set on June 4, 2025. The video discusses the recent fluctuations in Bitcoin prices, especially its performance at key support levels, and emphasizes the importance of spot ETF capital flows to positive market sentiment. In addition, it also explores the behavioral patterns of different holder groups, including the profitability of short-term holders and the trend of continued increase in Bitcoin by large investors and institutions. The video also mentioned the possible impact of macroeconomic factors such as US employment data and tariff policies on the market, and evaluated whether the third wave of Bitcoin's main upward trend is coming, and pointed out that the current market is still in a "cold start" state, and there has not been an overheating phenomenon caused by panic chasing rises in retail investors, and explained the deep reasons for the changes in Bitcoin balances on over-the-counter trading platforms and exchanges.