Bitcoin is here again? A certain Wall Street female stock god has recently begun to speak out again. The argument this time is: BTC has "bottomed out", the traditional four-year halving cycle? That thing is "completely outdated".

Why does it sound so familiar? Every time the market panices, someone always jumps out and announces that "this time is different". The problem is, whenever these bigwigs start appeasing market sentiment with disruptive theories, you have to think about what cards they have in their hands. The net value of ETF products needs to be stable, the performance of fund managers needs to be supported, and the confidence of retail investors? That's the fuel that keeps the game going.

The so-called "historic bottom" may just be the starting point for another round of harvest. Cycle theory fails? Or is there someone who can't wait to play by the old rules? Investors who used to rely on cyclical laws are now told that the rules have changed - the logic itself is very subtle.

There is never a shortage of prophets in the market, but true veterans know: when an analyst in a fancy suit begins to deny the fundamental laws, you better check your position. The "golden pit" they call is often not buried with gold. The so-called "end-of-cycle conclusion" may be the opening sentence of a new round of narrative.

Staying vigilant is always more important than blindly believing.