標題：比特幣當前的軌跡鏡子2015-2018週期的中點，表明持續的增長：玻璃節

該街區寫了一篇有趣的文章，使得比特幣緊隨我所說的“ 2017週期”，他們稱其為“ 2015-2018”

Purple = 2018 to 2025

紫色= 2018年至2025年

The takeaway is that, by this measure, Bitcoin is still in the early stages of a bull market. This aligns with my own analysis and observations, leading me to believe there’s still plenty of room for further appreciation in the coming months.

要點是，通過這種措施，比特幣仍處於牛市的早期階段。這與我自己的分析和觀察相吻合，使我相信在未來幾個月中仍然有足夠的餘地。

Huge Opportunity For Bitcoin Traders Is Coming!

比特幣交易員的巨大機會即將到來！

Everyone in crypto is waiting for the next bull market to begin, and I believe it will start with a bang. Here’s what I’m watching for.

加密貨幣的每個人都在等待下一個牛市開始，我相信這將從爆炸開始。這是我要注意的。

The last bull market began in late-2023, and it was largely driven by retail traders piling into Bitcoin and other cryptocurrencies. This time around, I expect institutions to play a much bigger role in the rally.

最後一個牛市始於2023年末，主要是由零售商人堆積為比特幣和其他加密貨幣的驅動。這次，我希望機構在集會中發揮更大的作用。

In fact, I believe that institutions are already starting to accumulate Bitcoin in anticipation of the next bull market. This is evident in the recent on-chain data, which shows that large amounts of Bitcoin are being moved off of exchanges and into cold storage.

實際上，我認為在預期下一個牛市的情況下，機構已經開始積累比特幣。這在最近的鏈上數據中很明顯，該數據表明，大量比特幣正在從交易所中移出並進入冷藏。

This type of activity typically occurs during bear markets, as traders and investors move their coins to safer wallets. However, the exchange outflows have remained strong throughout this year, despite Bitcoin’s impressive gains.

這種類型的活動通常發生在熊市中，因為交易者和投資者將硬幣移至更安全的錢包。然而，儘管比特幣的收益令人印象深刻，但今年的交換流出仍然強勁。

This suggests that institutions are buying up Bitcoin on exchanges and quickly moving it to their own wallets, a strategy that would allow them to avoid paying exchange fees on large sums of money.

這表明機構正在交易所購買比特幣，並迅速將其移至自己的錢包，該策略將允許他們避免支付大筆款項的交易費。

If my theory is correct, then we could see a huge opportunity for Bitcoin traders in the coming months. As institutions continue to accumulate Bitcoin, it will eventually drive up the price, which could lead to a self-fulfilling cycle of buying and price appreciation.

如果我的理論是正確的，那麼在接下來的幾個月中，我們可以看到比特幣交易者的巨大機會。隨著機構繼續積累比特幣，它最終將提高價格，這可能會導致購買和價格升值的自我實現。

This would be a dream scenario for Bitcoin traders, as it would provide them with the opportunity to make large profits in a short amount of time. Of course, there is no guarantee that this will happen, but it’s definitely something to keep an eye on.output: Welcome to The Wolf Den! This is where I share the news, my ideas about the market, technical analysis, education and my random musings. The newsletter is released every weekday and is completely FREE. Subscribe!Today’s Newsletter Is Made Possible By Aptos!

對於比特幣交易者來說，這將是一個夢想的情況，因為這將為他們提供在短時間內賺取大量利潤的機會。當然，不能保證會發生這種情況，但這絕對是值得關注的事情。輸出：歡迎來到狼窩！這是我分享新聞，關於市場，技術分析，教育和隨機沉思的想法。該新聞通訊每工作日發布，是完全免費的。訂閱！今天的新聞通訊由Aptos成為可能！

For those that don’t know, Aptos—the most exciting layer 1 blockchain competing with Solana and Ethereum—is now an official sponsor of this newsletter! Over the past few months, I’ve had the chance to get to know the Aptos team, create content with them, and watch this project accomplish incredible things.

對於那些不知道的人來說，Aptos（與Solana和Ethereum競爭的最激動人心的第1層鍊鍊鏈，現在是該新聞通訊的正式贊助商！在過去的幾個月中，我有機會了解Aptos團隊，與他們創建內容，並觀看該項目完成了令人難以置信的事情。

Stick around until after the intro to learn more about Aptos!

堅持到介紹之後，以了解有關APTO的更多信息！

In This Issue:

在這個問題中：

The Crypto Executive Order

加密行政命令

Aptos Review

Aptos評論

Bitcoin Thoughts And Analysis

比特幣思想和分析

Altcoin Charts

AltCoin圖表

Legacy Markets

傳統市場

The SEC Rescinds SAB121

SEC撤銷SAB121

Etherealize Will Reshape Ethereum

空靈將重塑以太坊

The Current Cycle Closely Mirrors 2017

當前週期緊密鏡像2017

Huge Opportunity For Bitcoin Traders Is Coming!The Crypto Executive Order

比特幣交易者的巨大機會即將到來！加密行政命令

How many times have you watched a movie and, as the credits roll, you’re left thinking, "What the hell did I just watch?" Your options? Endure a detailed explanation from your wife or friend (less fun), or dive into the internet for a theory that conveniently matches your fuzzy understanding of the plot (much better).

您看過幾次電影，隨著榮譽的滾動，您卻在想：“我到底看了看什麼？”您的選擇？忍受您妻子或朋友（不太有趣）的詳細解釋，或者潛入互聯網，以方便地與您對情節的模糊理解相匹配（更好）的理論。

Well, yesterday’s X timeline was exactly that—a cinematic masterpiece of chaos. So, grab your popcorn and soda because we’re about to relive the drama, fill in the gaps, and make sense of it all.

好吧，昨天的X時間軸正是那樣的 - 混亂的電影傑作。因此，抓住您的爆米花和蘇打水，因為我們將要重溫戲劇，填補空白並理解這一切。

Cue the opening credits: Cynthia Lummis pumps Bitcoin.

提示開幕貸方：辛西婭·盧米斯（Cynthia Lummis）泵比特幣。

The assumption? The announcement of a strategic bitcoin reserve. Anything short of that would be a letdown with this much hype.

假設？宣布戰略比特幣儲備。除此之外，這一切都會使人感到炒作。

Scene 1: The Stage Is Set – An Important Vote Announced

場景1：設定舞台 - 宣布的重要投票

Not a strategic reserve. A letdown.

不是戰略儲備。令人失望。

Bitcoin teleported up +$3,000 leading up to 10 AM EST, but when 10 AM EST passed and nothing happened, it fell back down. Perhaps something was actually supposed to happen at 10 AM MST, which is 12 PM EST.

比特幣在美國東部標準時間上午10點左右傳送 +$ 3,000，但是當美國東部時間上午10點通過而沒有發生任何事情時，它倒下了。也許實際上是在美國東部時間下午12點的上午10點發生的事情。

Scene 2: Everyone is confused about time zones.

場景2：每個人都對時區感到困惑。

Scene 3: Meanwhile, this bombshell hits the timeline…

場景3：與此同時，這個重磅炸彈擊中了時間表…

Scene 4: At 10:44 a.m. EST, Senator Cynthia Lummis was officially voted in as the Committee Chair of a historic panel focused entirely on digital assets.

場景4：美國東部時間上午10:44，參議員辛西婭·盧米斯（Cynthia Lummis）被正式投票為一個完全關注數字資產的歷史小組委員會主席。

Scene 5: In response to the news, CZ shared the following.

場景5：為了回應新聞，CZ共享了以下內容。

Scene 6: Less than an hour after all this unfolded, Trump finally mentioned crypto for the first time since taking office. He didn’t say “Bitcoin,” but the timeline went absolutely bananas.

場景6：在所有這些展開之後不到一個小時，特朗普自上任以來終於第一次提到了加密貨幣。他沒有說“比特幣”，但時間表絕對是香蕉。

Scene 7: His quote was, "The U.S. will be the world capital of artificial intelligence and crypto.”

場景7：他的名言是：“美國將是人工智能和加密的世界首都。”

Scene 8: Senator Cynthia Lummis chimed in with more commentary, adding fuel to the already blazing timeline.

場景8：參議員辛西婭·盧米斯（Cynthia Lummis）提出了更多評論，為已經盛大的時間表增加了燃料。

Scene 9: Bitcoin Magazine starts playing Cynthia Lummis'

場景9：比特幣雜誌開始演奏Cynthia Lummis'