Bitcoin once again breaks out of the "painting gate" pattern. Faced with this oscillating and tug-of-war trend, the market's nerves seem to have long been numb.

Since Bitcoin's peak and subsequent decline, only three months have passed, but the retail investors feel as if they have been in the deep winter for a long time. This psychological breakdown is not solely due to the decline in on-paper assets but also stems from shaken confidence, with stocks soaring, indices reaching new highs, and gold and silver surging...

Traditional assets are celebrating wildly, while crypto assets unexpectedly fall behind. Under this huge gap, players begin to vote with their feet—pessimism, cutting losses, and clearing out—causing the crypto market to fall into an unprecedented survival anxiety. $BTC