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The recent movement of Bitcoin has really left people speechless.
It's not a sudden crash that scares you, but rather a frustrating kind of discomfort—good news piling up like a mountain, yet the price actually dips first.
All you see on your screen are good news. New ETF applications, institutional follow-on entries, friendly regulations, Wall Street starting to allocate. Usually, these are things that push prices higher.
But when you open your account? BTC, from 95,000 yuan, is forcibly pushed back down to 90,000. Just that simple and brutal.
This strange trend of "good news leading to a drop" has many people first asking: what the heck is going on?