JIANG DROR: BITCOIN'S CROSS-BLANK CONCUSSION COULD TRIGGER FOMO, SUBSEQUENT FALL OR RESTRICTION

JIANG ZOR PUBLISHED A COMPARISON OF THE HISTORICAL CYCLES OF BITCOIN ON PLATFORM X AND INDICATED THAT, IF THE LOW POINT OF THE CURRENT CYCLE WAS CLOSE TO $578 MILLION, THE MAGNITUDE AND DURATION OF THE CURRENT MARKET ADJUSTMENT WOULD BE CLOSER TO THE PREVIOUS THREE CYCLES, AND THAT A LARGE NUMBER OF INVESTORS MIGHT BE IN A “TRIP” STATE. JIANG ZOR STATED THAT, AS MARKET SHOCKS CONTINUED, INVESTORS ' ANXIETY OF MISSED EVENTS (FOMO) MIGHT GRADUALLY RISE, AND THAT ONCE FUNDS RE-INFLOWED, THE MARKET WOULD HAVE LIMITED SPACE TO FALL FURTHER. IN HIS VIEW, THE FOLLOW-UP MAY REFER TO THE “GOLD PITS” IN THE LATE 2021 SITUATION, WHEN THE OPPORTUNITY TO RETURN TO BUY-IN MAY EMERGE BRIEFLY。