In recent months, Bitcoin and Ethereum have been under continuous pressure, while the Nasdaq is eyeing a new high, and gold is also gearing up. How is the crypto market doing? Many are betting that Bitcoin will crash due to panic selling.

Actually, this logic is similar to the housing market. When home prices fall, why don't you buy the dip? Isn't it because you're thinking it will be cheaper? Once deflation expectations form, everyone is waiting for better prices, and holding coins while observing becomes the mainstream behavior—this, in turn, creates a liquidity trap. Short sellers continuously siphon blood from long positions, while market participants become increasingly conservative. This psychological game often has a greater impact on short-term trends than fundamentals.