After the GBTC share is switched to other BTC ETFs, the short-term outflow of GBTC will be negative. In exchange for lower management fee costs, the smoother USD overflow channel will be positive in the long term. With the arrival of the interest rate cut cycle, the smooth road for Bitcoin to break through the previous high of 69,000 has been opened. Now for BTC, it is the moment when the Red Army entered the Yan'an Revolutionary Base. Hold your position and don't get washed out. Those short and long positions that made money in the short term only temporarily deposited their money with them. Let the short position go long and let the short position go to 69,000 and return it to us. Waiting for the charge of the US dollar interest rate cut. 40,000 in 2024 is the full position of 17,000 in 2023.