Long term holders of BTC tightly control this' plate 'of BTC. Do you still remember the wave of market crashes from the end of July to September last year? At that time, long-term holders were attracting funds, while short-term holders panicked and sold. And now we are approaching this crossroads (currently not). Is it possible that the upcoming US economic recession will force them to panic and sell the short-term holdings from November to December last year, or is it due to strategic reserves and the US embracing the narrative of encryption, resulting in a soft landing of the US economy and turning these short-term holdings into long-term holdings. The path we take determines the low level of BTC this year. It may be too low to see. There are several intervals for reference, approximately 1. The cost range after the spot ETF was approved in January last year, starting from the first batch of 39000-51000 2. The suction range for long-term holdings before the main uptrend in November and December last year was 53000-64000 3. Last year, the high volatility accumulated chips in the range of 64000-72000 We'll wait and see.