· "Two-Year Cycle" Theory: Some analyses suggest that the dominant force in the Bitcoin market has shifted from miners to ETF fund managers. These managers face annual performance assessment pressures, which may lead them to concentrate buying and selling at specific points in time (such as the end of the year) to lock in profits or stop losses, thereby creating a new price cycle with a two-year rhythm.

· Seasonal window: Historically, Bitcoin tends to perform well during the period from Thanksgiving to Christmas. However, some research institutions point out that the current rebound is more a result of "short covering" due to adjustments in market derivatives positions, rather than being driven by new incremental funds, so its sustainability remains to be observed. #成长值抽奖赢iPhone17和周边