#数字资产市场动态 Will Bitcoin's cyclical trend happen again?

Looking at the performance over the past decade, $BTC 's price movements often follow recognizable patterns—boom, correction, dormancy, revival. Each cycle is accompanied by changes in market participants' sentiment, from early skepticism to later euphoria, and finally disillusionment.

The key question is: with the entry of institutions, the maturation of the derivatives market, and the emergence of tools like spot ETFs, will these historical patterns continue to dominate the market? Or is Bitcoin entering a completely new phase, rendering past scripts obsolete?

Many factors are worth observing—macro liquidity, policy and environmental considerations, the evolution of competing currencies, and the transformation of market participant structures. Perhaps history won't repeat exactly, but those deeply ingrained swings of greed and fear in market psychology are unlikely to ever change.