BlockVC: Violent Washout Mid-Bull Market, Keep the Music Playing and Dancing

Bitcoin Ended its strong 6-month consecutive rally in April 2021, recording a monthly red candle, while having been in violent oscillation between $45,000-60,000 for 10 consecutive weeks without creating effective new highs, causing market panic about a market top and triggering significant short-term market corrections. However, we firmly believe this decline is still just a mid-bull market pullback, and the second half of the bull market continues.