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#我在Gate广场过新年
The year of COVID-19, the market was extremely fearful.
The collapse of FTX was also extremely fearful. Now, the fear index is even lower than that year, similar to the 2017 end-of-year 94 market. After breaking through the bottom, the main upward wave lasted three months, triggering a surge that wiped out all shorts and disrupted everyone's expectations.
Today, Bitcoin is worth zero, search volume hits a record high, and historically, this has often corresponded to Bitcoin's cyclical bottom.