#比特币市场周期 The supercycle of Bitcoin is indeed impressive. Since 2017, BTC has experienced multiple significant pullbacks, but still achieved a 100-fold rise. This fully illustrates the high volatility and long-term growth potential of crypto assets. Tom Lee's viewpoint is worth following; he believes that ETH may be entering a similar supercycle. As investors, we need to remain calm and rational, focusing on fundamentals and long-term trends, rather than being disturbed by short-term fluctuations. Next, I will closely track the on-chain data of ETH, including whale address activities, DeFi lock-up positions, and other indicators, to assess whether it has truly entered a new growth cycle. At the same time, we must be vigilant about risks, as the uncertainty in the crypto market remains high.