Currently, there's not much more to say about this market. The word "drop" runs through everything, and Bitcoin is like a train without brakes, heading south along the track with no signs of stopping.

In the past 24 hours, the price has fallen over 2%, sliding towards the 74,000 level. Looking at the chart, there are more red than green, funds are flowing out, and market sentiment is cooling down. All moving averages have long been overtaken, becoming heavy resistance, and the MACD histogram is extending below the zero line, clearly indicating: the bears are in control.

A decline seems to have become the only theme.

But there is always another side in the market. Amid this widespread decline, some "big players" remain unusually quiet, even quietly taking action. Reports show that despite the price drop, over 70% of institutions still believe Bitcoin is "undervalued." South Dakota is considering allowing public funds to buy Bitcoin, and some well-known institutional holders are not only holding steady but also increasing their positions, with investments worth hundreds of millions of dollars.

This creates an interesting paradox: on one side, market sentiment is bleak, and prices are falling; on the other, long-term believers see each dip as preparation for the next jump.

History often plays out this way: when a decline becomes everyone's consensus, when every rebound is weak and short-lived, when most expectations turn into disappointment and even cease to make any sound—then the turning point often quietly emerges from despair.

This is not some metaphysical concept but the market's most fundamental reflexivity logic. When it can't go down anymore, it will naturally go up. All negative news is digested by the price, selling pressure gradually exhausts itself, and at that moment, just a spark can ignite the long-suppressed emotions.

Today’s southward movement may be precisely the preparation for that future echo. The market needs a thorough cleansing, allowing uncommitted chips to exit and revealing the true bottom.

Right now, what we need is patience. The trend does not speak of a bottom; until clear signs of a halt appear, it's always safer to watch more and act less. Let the decline run its course, and let the market find its rhythm.

Bitcoin does not have a myth of only rising and never falling, nor will it have a market that only declines and never recovers. This southbound train will eventually reach its station. All we can do is fasten our seatbelts, stay alert, and wait for that whistle reminding us to look north. $BTC ‌#加密市场回调