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Connecting the approval of the 2024 BTC ETF to the 1971 Nixon closing the gold window—this perspective is truly brilliant. Everything experienced a doubling surge after "institutional legalization," followed by the long, half-year, soul-crushing deep correction we are currently going through. Yishi also revealed the core insight: the current 46% retracement is very similar to the gold retracement back then, and the driving forces behind both are macroeconomic expectation reversals (inflation/rates/geopolitics).