Placeholder 合伙人 Chris Burniske 表示，不认为周期已见顶，当下更像是牛市中期的一次回调，幅度大到让所有人怀疑人生，感觉上更像是 2021 年 4 月、5 月和 6 月的情况，当时各种代币的跌幅都在 50%-80% 之间，很多人说牛市结束了，那些喊着见顶的人幸灾乐祸，但随后市场在 2021 年下半年迎来了暴涨。

<div>Placeholder 合伙人 Chris Burniske 表示，不认为周期已见顶，当下更像是牛市中期的一次回调，幅度大到让所有人怀疑人生，感觉上更像是 2021 年 4 月、5 月和 6 月的情况，当时各种代币的跌幅都在 50%-80% 之间，很多人说牛市结束了，那些喊着见顶的人幸灾乐祸，但随后市场在 2021 年下半年迎来了暴涨。<br><br></div>

Placeholder 合伙人：不认为本轮牛市已见顶，当下回调与 2021 年 4-6 月类似

Placeholder partner <holder> Chris Burniske </holder> stated that he does not believe the cycle has peaked, and that the current situation is more like a mid-bull market correction, with a magnitude that makes everyone question their existence, feeling more like the situation in April, May, and June 2021, when the drop in various tokens was between 50%-80%, and many people said the bull market was over, and those who shouted about the peak gloated, but then the market saw a surge in the second half of 2021.

<div>Placeholder partner Chris Burniske stated that he does not believe the cycle has peaked, and that the current situation is more like a mid-bull market correction, with a magnitude that makes everyone question their existence, feeling more like the situation in April, May, and June 2021, when various tokens fell by 50%-80%, and many said the bull market was over, and those who called the top gloated, but then the market saw a surge in the second half of 2021.<br><br></div>

Placeholder Partner: I don’t think this bull market has peaked, the current correction is similar to that in April-June 2021

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Table of Contents:
- I. DeepSeek Pierced the Bubble
- II. The President and the President's Mob
- III. A Top Signal: A High School Brother Makes Millions
- IV. Doubts About BN and BN's Response
- V. The Script for the Future
- VI. My Position Distribution
- VII. Cruel Perspective: The Good Days for the Old Ones Are Over
- VIII. Best Position: 50% BTC + 50% Stablecoin Wealth Management
- IX. Finally

In the past week, many friends have called me to inquire about the market situation, and I feel it is necessary to publicly share my thoughts and reveal my outlook on the current market situation...

Reviewing recent major events in the crypto market: Where is the bull market going?

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Highlights:
- <Ren> Digital Currency Group </Ren> CEO <Ren> Barry Silbert </Ren> stated that <AR>decentralized AI</AR> is "the next big era of crypto."
- He said in a letter that the company has invested over $105 million in more than a dozen <AR>decentralized AI</AR> projects.
<AR>Crypto investment heavyweight</AR> <Ren>Barry Silbert</Ren> is heavily betting on <AR>decentralized AI</AR>.

The next big era after Bitcoin? Crypto investment giants bet on more than a dozen deAI projects

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Author: Nancy, PANews

Shortly after Gary Gensler's departure, the US SEC under the new administration has shown a more friendly attitude towards cryptocurrencies, with its new cryptocurrency working group even stating that it will clarify the approval rules for cryptocurrency ETFs. In recent times, more and more institutions have joined the queue to apply for cryptocurrency ETFs, and the spot ETF applications for SOL, LTC and XRP have seen significant new progress.

[Overview of new progress in multiple cryptocurrency spot ETFs: SEC review accelerates, SOL and LTC application progress leading]

According to PANews, S...