Missed this wave of the market, watching it just come to an end.

Recently, I've seen many voices in the community discussing the same topic — an era is coming to a close. Some are sighing, others are just watching the excitement from the sidelines. But think about it carefully: every time a new narrative emerges, it essentially accomplishes two things: it creates a group of people and completes a cycle.

Last year's new coin craze was the same. From the birth of the hot topic to its peak and then to its decline, the speed was so fast it caught people off guard. Market laws are like that — once a mechanism is established, differentiation occurs. Some people detect the trend early and profit from it; others only react when the price is already high.

Under the impact of the core CPI data being lower than expected, many institutions are re-evaluating their holdings strategies. Leading institutions have publicly increased their Bitcoin holdings, indicating that the market is still searching for new certainty. During this process, each narrative cycle filters out the true participants.

Rather than regretting missing out, it's better to understand the logic behind it — the value of a new narrative has never been about how much you can earn, but whether it can solve the current problems of the market. Once this problem is solved or new issues arise, the cycle ends. The next opportunity is already forming; the key is whether you can see it clearly.