Greetings to all friends who are saying "This time is different."

The frequency of this phrase appearing in the crypto market may be even more common than Bitcoin's halving. Every time the market rises, someone is convinced that the logic of this bull run is completely different—whether it's institutional entry, ETF approval, or a major company announcing holdings, it seems there's always a new reason to believe that history won't repeat itself.

But the market's temperament is just like that. When prices rise, optimism spreads; when they fall, it's a scene of lament. How many times the profits are squandered in optimism, how much principal evaporates in regret. The veterans in the crypto circle have long seen through this cycle—market rotations, human nature remains the same.

Next time you hear this phrase, ask yourself: have you truly understood what is different, or are you just blinded by the gains?