#市场方向与资金流向 Seeing James Wynn's latest prophecy, what flashed through my mind were the scenes from 2017. At that time, countless influencers were shouting out targets of doubling or tenfold, with funds pouring madly from traditional markets. And the result? — History has given us the answer.

But this time, some details are worth pondering. He first said it would double to 175,000 in 60 days, then refined it to "at least retesting the 50-week moving average." This change in tone is quite intriguing in itself. From extreme predictions to more conservative technical assessments, it reflects the genuine fluctuations of market sentiment and the rational return of professional investors.

More importantly, the underlying logic — funds shifting from stocks, real estate, and precious metals at all-time highs into BTC. I heard a similar narrative at the end of the 2020 bull market, when there was indeed cross-asset rotation. The question is, how long can this rotation last? Is it genuine capital or leverage games?

A 35% decline itself is a signal. In previous cycles, similar adjustments often confirmed the mid-term bottom. If institutional-level funds are indeed considering changing their asset allocations, then the recent bottom area becomes especially significant. A 10% rebound sounds conservative, but based on several cycles I've experienced, this "at least" phrasing usually indicates that the downside has already been priced in.

The key still lies in the actual flow of funds, not just the prophecy itself. Time will tell.