The world we live in is essentially a highly complex, dynamically coupled system—unpredictable, irreducible, and often even inexplicable in hindsight.

This is even more true for markets. Historically, the S&P 500 index has plummeted 20% without any significant news, which itself serves as a heavy rebuttal to the rational equilibrium narrative of traditional economics.

In classical theory, the market resembles a precise but predictable machine, while in reality, it is more like a giant beast with emotions, inertia, and the potential to panic and stampede.

Melanie Mitchell points out in "Complexity" that the operating mechanisms of capital markets are as unfamiliar, difficult to understand, and counterintuitive as the human immune system.

They can self-organize, self-stabilize, and also suddenly destabilize. They are influenced by local information, yet can produce completely unexpected results on a macro level.

Nobel physicist Murray Gell-Mann once said that each of us is a particle moving with our brains and emotions. These individuals, full of bias and emotional fluctuations, aggregate into a world that is almost impossible to model. $BTC $GT $ETH