Jiang Zhuoer: Bitcoin is currently more like a breathing phase during bottom probing; historical bottom characteristics have not yet appeared.
Jiang Zhuoer, founder of the BTC.TOP mining pool (B.TOP), stated that based on historical data, the previous three major bottoms of Bitcoin were usually accompanied by significant losses and high volatility, whereas the current market shows an insufficient degree of losses and lower volatility, not yet exhibiting typical bottom characteristics. He believes that rather than betting on an unprecedented "quiet bottom," it is better to view the current trend as a "breathing phase" in the bottoming-out process.
