In past bear markets, everyone lost money together. If you didn't get on board, you dodged a bullet—it didn't hurt. But now? The money hasn't disappeared; it's just flowed elsewhere.

Gold is rising, U.S. stocks are rising, Korean chip stocks are rising—global capital is avoiding cryptocurrency entirely.

You say it's a safe haven, but it hasn't risen like gold. You say it's high growth, but it can't keep up with tech stocks. At the first sign of market turbulence, it's the first to fall along with risk assets.

In the past, group chats were about "which coin will 10x." Now they're about "NVIDIA's earnings report" and "Tesla's support level." Even exchanges are starting to list U.S. stocks.

Frankly, the entire space is piggybacking on a rally it missed. It's a collective case of FOMO transfer.

Being forced to chase highs because you missed the boat is even more dangerous. When you jump in to buy U.S. stocks or chip stocks, you're probably not profiting from insight but from "rising tide money." When the tide lifts all boats, everyone looks like a good swimmer.

The key is whether you can pocket profits before the tide goes out. We've already proven that in NFTs and altcoins—catching an uptrend is easy, but successfully taking profits is extremely difficult. You always think it can go higher, until it goes to zero.

This weakness doesn't automatically disappear just because you switch markets. So the real trap is never the train you missed. It's the next train you manage to squeeze onto, only to forget again which station you should get off.