#比特币创历史新高 Bitcoin has reached a historical high of $126,000 this time, which really makes me feel both surprised and scared. Looking back, I was once dazzled by the wealth myth of the crypto world, and ended up trapped with a full position. This market seems promising, but the abnormal situation of institutional funds dominating and retail investors being absent makes me cautious.

From the data, the large inflow of ETF funds and the surge in clearing data confirm the dominant role of institutional power. In this situation, past price cycles and technical analysis may have failed. We, as retail investors, must stay alert and not be blinded by the superficial excitement.

The current market environment is very different from before, and blindly following trends may lead to being trapped again. Rather than risking chasing highs, it is better to observe the changes and patiently wait for the right entry opportunity. After all, in this rapidly changing market, surviving longer is more important than making more profits. Everyone must be cautious!