PlanB: The Bitcoin accumulation phase is over! Will start a crazy bull market that will make people FOMO

This week, the price of Bitcoin continued to break through multiple important price levels, reaching a maximum of $64,000. Faced with such rapid gains, many analysts have expressed concern that the market may experience a short-term correction.

PlanB: The Bitcoin accumulation phase has ended

On this occasion, PlanB, an anonymous analyst famous for proposing the S2F model, released the cyclical nature of Bitcoin on X yesterday (1) The chart indicates that the accumulation phase of Bitcoin is over, and will be replaced by a crazy bull market of about ten months that makes people FOMO: The accumulation phase is over, and there will no longer be easy buying in an orderly and slow-growing market. Chance. The bull market has begun. If history is any guide, we will see about 10 months of crazy FOMO, extreme price surges, accompanied by multiple declines of over 30%.

He also warned that there may be multiple declines of more than 30% during this period. If his prediction is accurate, investors should carefully control the level of leverage operations.

Bitcoin futures open interest reaches a record high of $26 billion

Coinglass data shows that the current open interest in Bitcoin futures on the centralized exchange (CEX) has reached 260 billion billion, a record high. This figure is higher than the US$24 billion peak of the Q4 bull market in 2021, which shows that the market’s expectations for Bitcoin’s future trend are still positive. This growth may reflect investor confidence in Bitcoin’s long-term potential or may be the result of increased market volatility. This trend further highlights the continued appeal of Bitcoin as an asset class and the growing maturity of the market. It also means that the market may experience greater volatility in the near future, and investors are advised to be cautious.

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