This round of Bitcoin's price $110,000 has basically solidified

Currently, Wall Street is doing a few things around the $BTC industry chain:

1. Crazy acquisition of computing power

2. Integrating mining pool/mining farm resources, buy buy buy

3. Institutions represented by MicroStrategy are hoarding

If the price of the coin rises again, all three of these things will be very unfavorable

They will pay more costs, which is unnecessary

Currently, the mining cost is in the range of $55,000-$60,000

The price of 110,000 coins is just right

In the last cycle, the mining cost was $20,000

The peak price of the coin was $68,000

After each cycle

It is normal for the industry profit margin to drop by half

Next, there will be a wave of $ETH and the secondary market

The main purpose is still to deceive everyone holding $BTC

When you sell Bitcoin, preparing to welcome the altcoin season

They take away Bitcoin, giving you a bunch of "get rich quick coins"

This round of market has ended

In this round of altcoin season, big and small players will run completely

Because the industry cycle has developed to this point