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The recent market conditions truly confirm a harsh reality—without the push of mainstream funds, the market becomes a dead sea. From 7 AM yesterday to 7 AM today, Bitcoin fluctuated back and forth between 92,000 and 93,000, moving only 1,000 points in an entire day, which is enough to make anyone sleepy😂
This kind of market rhythm reminded me of the bear market days in the first half of 2023. Back then, Bitcoin was around the $25,000 mark, with daily fluctuations of only 200 to 300 points, essentially a flat line, completely lifeless. Comparing that to now, the situation is eerily similar. When did the real turning point come? It was after the Bitcoin ETF hype started, when institutional funds finally entered the market, and market activity gradually began to revive.
So the question is—who has drained all this liquidity? Are retail investors scared? Or are institutions waiting on the sidelines?
Now, it all depends on who can break this deadlock first.