There is an interesting perspective on this round of Bitcoin market. At the end of the year, the crazy rise we imagined didn't happen, which disappointed some people. But thinking from another angle — this might actually help us avoid a big dump in the first quarter of next year.

Why do I say that? Just look at the volatility. The current volatility of Bitcoin has significantly compressed, and in this situation, to still fall by 70% or 80% is really hard to imagine. Simply put, the "intensity" of the market has become less exaggerated.

Many people are troubled that Bitcoin has not reached the $250,000 target set at the beginning of the year, and it's inevitable that short-term emotions are frustrated. But if you look further ahead, it's different—100% rise in two years, more than three times in three years, this is already a monster-level performance in the financial market. The ability to grow with compound interest is the key.

There is also an overlooked detail: we have neither seen the kind of "pump peak" madness typical of the third and fourth quarters, nor the usual 80% level big dump that accompanies it. In simple terms, the market is running moderately, which is actually good for long-term holders. The importance of the signal of decreasing volatility is far more worthy of attention than short-term price fluctuations.