Bitcoin's recent price movements have sparked heated discussions in the market. Renowned analysts believe that digital assets are facing a pressure cycle—dropping from a historical high of $126,000 to $88,000, a decline of 30%. Their perspective is worth noting: 2025 may become a period of divergence for cryptocurrencies.

Why make such a judgment? The logic lies in the differences in competitive landscape. The gold market is relatively stable, with only a few main competitors such as silver, platinum, and palladium. However, Bitcoin faces challenges from millions of other digital currencies, making the market competition intensity a completely different level. Coupled with the rise of public chain ecosystems like Ethereum and Solana, the overall market structure is being reshaped.

This is not alarmist talk but a reminder for investors to stay vigilant. Although Bitcoin's market capitalization still accounts for over 50%, the sound of smaller coins sharpening their blades is indeed growing louder. In this context, blindly chasing high prices carries significant risks.

How to respond? A few pieces of advice might be helpful: First, avoid going all-in on a single asset; diversify your holdings to leave room for flexibility. Second, beginners should use idle funds to experience the market and avoid high leverage. Third, look at issues over a longer time horizon—short-term fluctuations may just be shakeouts, and holding high-quality assets for the long term is often more important—of course, provided your psychological resilience is up to the task.

The most interesting question now is: Is Bitcoin ultimately a store of value in the digital age, or a cyclical risk asset? The answer may gradually become clear through upcoming market performance.