Recently, I've been watching Bitcoin's price movements and there's something that concerns me. In the short term, liquidity shortages seem to be putting pressure on the price, and some even suggest that further declines are possible. The market is indeed facing an unstable phase.

However, what's interesting are the voices around Signum's CIO. These short-term price fluctuations are certainly troublesome, but from a long-term perspective, they still maintain a bullish stance. In other words, the current downward pressure is just unproductive noise, and the fundamental flow of value creation remains unchanged.

Many participants in the market are panicking over short-term liquidity issues, but it seems that institutional investors and key industry players have a different view. For them, this kind of situation might present an opportunity to build long-term positions.

I believe that this long-term bullish outlook is rooted in the judgment that the basic fundamentals of Bitcoin haven't changed. Instead of reacting emotionally to short-term price swings, it highlights the importance of viewing the market on a larger time scale.