Feifan123

That so-called season hasn't been mentioned by anyone in a long time.

I used to browse blockchain media and see all kinds of project updates and Bitcoin whale information. Now, when I scroll, I mostly see macro and AI content, and crypto-native news is becoming increasingly rare.

There's been quite noticeable activity on the BTC options side.
Even though short-term panic hedging hasn't completely faded right now, some funds are starting to position in bullish call options.
Starting from late March and into April, there's been significant buying of 75,000 call options, and what's more interesting is that part of these funds chose to sell put options below 60,000 to finance the purchase of call options.
Additionally, for BTC options expiring in March, bullish calls are around $660 million while put options are roughly $240 million, with a ratio close to 3:1.
Capital flow

It seems that Bitcoin hasn't experienced a separate market trend for a long time.

Remember, March 12, 2020, was the result of the crude oil futures crash.

When you're young, make friends with those older than you.
When you're old, make friends with those younger than you.

Once faced with a tough situation, the drawbacks of being accustomed to quick profits start to show, such as trading contracts in a meme-like manner.

The market is still in garbage time,
it rises and falls in the same way.

Bitcoin finally demonstrated its safe-haven properties when national fiat currencies failed.

Bitcoin anticipated a major black swan in the future,
it had already fallen to its lowest point even before the Iran unrest.

Since Donald Trump took office for the second time, the risk markets don't seem to have had a stable day.

The first rule of the crypto "fake it till you make it" mindset: learn how to edit images.

In the crypto world, "Trust Capital First" is a false proposition,
The actual answer is "Don't Trust Capital,"
People who don't trust capital now mostly hold Bitcoin and USDT.

Iran uses cheap electricity to mine Bitcoin,
North Korea researches hacking techniques,
Trump and Argentina's president send memes,
The crypto industry has become an outside ATM.

Past bear market: Luna collapse, FTX collapse,
Current bear market: XX small project team announces suspension of operations due to funding issues.

Did the great retreat in the crypto world mean retreating to the US stock market?

The de-pegging and collapse of stablecoins was a signal of the end of the bear market in the last cycle.
This time, there hasn't been a major collapse yet; instead, even the smaller altcoins are starting to fail first.

The AI world is definitely centered around absolute centralization and elitism, which is completely opposite to the flattening of the internet.

The four-year cycle of Bitcoin still exists, but the four-year cycle of altcoin seasons should be gone.