The monthly K-line suggests this bear market could be the worst in cryptocurrency history. Bitcoin is currently showing five consecutive monthly red candles, while Ethereum is showing six consecutive monthly red candles. At this rate, it's quite possible Bitcoin will continue with seven or even eight consecutive monthly red candles—a pattern we've never seen before. The lack of any meaningful rebound only indicates that the crypto space has been completely abandoned by capital.

Will there be opportunities in crypto in the future? Will there be one final bull market? Personally, I'm increasingly doubtful. Although past bear markets have historically ended before the halving, with repeated false alarms, eventually the wolf will truly come. Will Bitcoin go to 200k or slowly decline to zero over the next decade?

Bitcoin was once called "digital gold," but in recent years, major events like the Russia-Ukraine conflict, military tensions, Federal Reserve decisions, and even last year's interest rate hikes have caused crashes. It hasn't demonstrated any safe-haven properties whatsoever. Moreover, quantum computers hang over Bitcoin like a sword of Damocles. While they may not be able to crack it in the short term, they will definitely break the encryption long-term.

So where exactly is Bitcoin's value? I'd appreciate any insights from experts to boost my confidence.