2025加密年終回顧：幣價上漲131%，漲幅小於去年，TVL飆漲21倍至逾67億美元

由於這次牛市週期從 2024 年開始，到目前為止的周期是：1 月 10 日推出 BTC ETF → 直到比特幣創下歷史新高

As the new presidential term begins, all eyes will be on what Trump says and does. While the upside for Bitcoin is there, it would be quite bearish if Trump completely ignores the reserve plan. A more likely scenario is that the reserve plan does not happen/is delayed by something.

隨著新總統任期的開始，所有人的目光都將集中在川普的言行上。雖然比特幣的上漲空間存在，但如果川普完全無視儲備計劃，那將是相當悲觀的。更可能的情況是儲備計劃沒有發生/因某些原因而延遲。

In the latter case: as long as it is in favor of Bitcoin, it is initially a bearish, but ultimately a bullish event.

在後一種情況下：只要有利於比特幣，最初就是看跌，但最終是看漲事件。

TLDR: Bullish signal = cycle continues. Bearish signal = plans must be revised. The cycle may continue, but the chances are lower.

TLDR：看漲訊號=週期繼續。看跌訊號=計劃必須修改。這個循環可能會持續下去，但可能性較低。