The market always follows the money

Price is just a surface indicator; capital is the true direction. To observe Bitcoin's next move, you can look at three capital signals:
First, monitor the increase or decrease of stablecoins. Expansion of stablecoins often indicates that off-chain funds are preparing to enter; contraction suggests a decline in risk appetite.
Second, observe net inflows and outflows on exchanges. Large outflows usually mean a strengthening of long-term holding intentions; conversely, increased short-term selling pressure.
Third, watch the leverage ratio in derivatives. Markets built on high leverage often don't last long because they require liquidations to release risk.
If the next development is “price sideways but funds continue to flow in,” it often indicates accumulation; if “price rises but funds can't keep up,” it may lead to a false breakout.
The core of capital logic is: big money determines the direction, small money creates volatility. Retail investors see candlesticks, institutions see liquidity. Whoever understands liquidity is closer to the answer. #比特币下一步怎么走？