标题：比特币当前的轨迹镜子2015-2018周期的中点，表明持续的增长：玻璃节

该街区写了一篇有趣的文章，使得比特币紧随我所说的“ 2017周期”，他们称其为“ 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.

要点是，通过这种措施，比特币仍处于牛市的早期阶段。这与我自己的分析和观察相吻合，使我相信在未来几个月中仍然有足够的余地。

Huge Opportunity For Bitcoin Traders Is Coming!

比特币交易员的巨大机会即将到来！

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.

加密货币的每个人都在等待下一个牛市开始，我相信这将从爆炸开始。这是我要注意的。

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.

最后一个牛市始于2023年末，主要是由零售商人堆积为比特币和其他加密货币的驱动。这次，我希望机构在集会中发挥更大的作用。

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.

实际上，我认为在预期下一个牛市的情况下，机构已经开始积累比特币。这在最近的链上数据中很明显，该数据表明，大量比特币正在从交易所中移出并进入冷藏。

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.

这种类型的活动通常发生在熊市中，因为交易者和投资者将硬币移至更安全的钱包。然而，尽管比特币的收益令人印象深刻，但今年的交换流出仍然强劲。

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.

这表明机构正在交易所购买比特币，并迅速将其移至自己的钱包，该策略将允许他们避免支付大笔款项的交易费。

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.

如果我的理论是正确的，那么在接下来的几个月中，我们可以看到比特币交易者的巨大机会。随着机构继续积累比特币，它最终将提高价格，这可能会导致购买和价格升值的自我实现。

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!

对于比特币交易者来说，这将是一个梦想的情况，因为这将为他们提供在短时间内赚取大量利润的机会。当然，不能保证会发生这种情况，但这绝对是值得关注的事情。输出：欢迎来到狼窝！这是我分享新闻，关于市场，技术分析，教育和随机沉思的想法。该新闻通讯每工作日发布，是完全免费的。订阅！今天的新闻通讯由Aptos成为可能！

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.

对于那些不知道的人来说，Aptos（与Solana和Ethereum竞争的最激动人心的第1层链链链，现在是该新闻通讯的正式赞助商！在过去的几个月中，我有机会了解Aptos团队，与他们创建内容，并观看该项目完成了令人难以置信的事情。

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

坚持到介绍之后，以了解有关APTO的更多信息！

In This Issue:

在这个问题中：

The Crypto Executive Order

加密行政命令

Aptos Review

Aptos评论

Bitcoin Thoughts And Analysis

比特币思想和分析

Altcoin Charts

AltCoin图表

Legacy Markets

传统市场

The SEC Rescinds SAB121

SEC撤销SAB121

Etherealize Will Reshape Ethereum

空灵将重塑以太坊

The Current Cycle Closely Mirrors 2017

当前周期紧密镜像2017

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

比特币交易者的巨大机会即将到来！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).

您看过几次电影，随着荣誉的滚动，您却在想：“我到底看了看什么？”您的选择？忍受您妻子或朋友（不太有趣）的详细解释，或者潜入互联网，以方便地与您对情节的模糊理解相匹配（更好）的理论。

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时间轴正是那样的 - 混乱的电影杰作。因此，抓住您的爆米花和苏打水，因为我们将要重温戏剧，填补空白并理解这一切。

Cue the opening credits: Cynthia Lummis pumps Bitcoin.

提示开幕贷方：辛西娅·卢米斯（Cynthia Lummis）泵比特币。

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

假设？宣布战略比特币储备。除此之外，这一切都会使人感到炒作。

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

场景1：设定舞台 - 宣布的重要投票

Not a strategic reserve. A letdown.

不是战略储备。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.

比特币在美国东部标准时间上午10点左右传送 +$ 3,000，但是当美国东部时间上午10点通过而没有发生任何事情时，它倒下了。也许实际上是在美国东部时间下午12点的上午10点发生的事情。

Scene 2: Everyone is confused about time zones.

场景2：每个人都对时区感到困惑。

Scene 3: Meanwhile, this bombshell hits the timeline…

场景3：与此同时，这个重磅炸弹击中了时间表…

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.

场景4：美国东部时间上午10:44，参议员辛西娅·卢米斯（Cynthia Lummis）被正式投票为一个完全关注数字资产的历史小组委员会主席。

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

场景5：为了回应新闻，CZ共享了以下内容。

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.

场景6：在所有这些展开之后不到一个小时，特朗普自上任以来终于第一次提到了加密货币。他没有说“比特币”，但时间表绝对是香蕉。

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

场景7：他的名言是：“美国将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.

场景8：参议员辛西娅·卢米斯（Cynthia Lummis）提出了更多评论，为已经盛大的时间表增加了燃料。

Scene 9: Bitcoin Magazine starts playing Cynthia Lummis'

场景9：比特币杂志开始演奏Cynthia Lummis'