The market's biggest fear is actually very simple: everyone's expectations suddenly align.

When 99% of the voices in the market are bullish, the problem arises—who will take the other side? No one.

The current situation is a classic triangle: retail investors at the bottom are all-in and wandering aimlessly, mid-level institutions are secretly reducing their positions, and top-tier KOLs are still passionately shouting into the microphone. Under this configuration, even if the fundamentals are strong and the technicals are perfect, the outcome can be twisted into a reverse move.

The most ironic thing is those leveraged longs who think they are surfing, but in reality, they are feeding the market makers. What they don't realize is that the market has never truly lacked money—what it lacks are two things: one is patience, and the other is the courage to think in the opposite direction.

This wave of BTC market movement isn't about the rise or fall itself; it's about the posture and mentality of the participants. When everyone is on the same boat, that boat often sinks the fastest.