2026-01-19 06:26:47

Bitcoin has completely wiped out the entire rally from what seemed like a temporary pump. That recovery lasted just long enough to get everyone's hopes up before crashing back down. The entire gain has been erased, leaving traders right back where they started.

BTC-2,07%

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

10 Likes

Reward
10
6
Repost
Share

Comment

0/400

BtcDailyResearcher

· 7h ago

It's the same old trick: when prices go up, it's exciting; when they fall, everyone jumps off the building together. Retail investors are always the last to take the fall.

View OriginalReply0

DaoResearcher

· 7h ago

Based on on-chain data and historical cycles, this V-shaped reversal was actually predicted long ago in the equilibrium analysis of governance mechanisms. --- It's the same narrative again—the pump and dump cycle. The Tokenomics white paper has long discussed the fragility of market microstructure. --- Assumption: In a high-volatility environment, the hope value function of retail investors completely fails, which has been empirically confirmed in governance voting data from multiple projects. --- From the data performance, this unpredictable trend essentially reflects the incompatibility of incentive mechanisms, fundamentally a structural flaw. --- It is worth noting that each rebound repeats the same story, but we have never truly optimized the underlying governance logic—that's the key. --- We must admit that, without a perfect DAO voting mechanism, this cyclical harvesting of profits is simply unavoidable. --- Vitalik has long pointed out the essence of this market manipulation—lack of transparent on-chain governance—leading to the continuous deterioration of information asymmetry.

View OriginalReply0

ChainDoctor