Recent market information has been somewhat fragmented: on one side, macro factors such as interest rate hikes, inflation data, and policy expectations are pulling in different directions; on the other side, the crypto market has not provided a clear directional choice. Prices are mostly moving within a range, with volatility amplifying when news comes out, and quickly settling back into calm after the hype subsides.

You will notice a detail—bad news doesn't necessarily lead to further declines; good news also makes it difficult for the market to trend far. Capital seems to be observing and testing the waters, mostly short-term behavior rather than a "bet on the future" attitude.
In this phase, it's hard to say who is right or wrong. Bulls have their logic, and bears have their reasons, but the overall feeling from the market is: no one is that confident. Perhaps the market itself is waiting for a clearer signal rather than making a decision right now. #2025Gate年度账单