More accurately, each round of the Bitcoin bull run has its uniqueness, and every cycle brings new narratives and fresh blood. But throughout Bitcoin's history, one element has remained unchanged: the enthusiasm of retail investors for "freedom technology" and "financial freedom funds." At least during the time when Bitcoin's price soared to lunar levels, this was the case. Do you remember the presence of retail investors? Now, there is only silence... I can hardly hear any noise: no taxi drivers, no distant cousins, and no kindergarten teachers asking, "Is it too late to buy Bitcoin now?" Although some analysts firmly believe that the "altcoin season" is about to start, I haven't even been asked about "Fartcoin," Dogecoin, or Ripple. If you need, I do have a set of ready answers for questions about XRP. In short, the core issue is: retail investors have chosen to be absent from this round of the Bitcoin bull run, and the reason is certainly not a lack of awareness. This time is indeed different: with the launch of the Bitcoin ETF, presidential-level promotion, and Larry Fink at the helm of the World Economic Forum (WEF), among a series of #BTC ETF持仓破1530亿美元# .