$BTC Bitcoin returns to $100,000, and the market is in a frenzy, as if 'digital gold' has ascended to the throne. But looking at it calmly, this surge relies more on favorable policies and the dual push of ETF FOMO, rather than an explosive on-chain fundamental. Retail investors are just getting happy, while institutions are already lining up to unload. The louder the voices proclaiming that a bull market has arrived, the more I start to focus on support lines. After all, the market will not always be merciful, and a bull market is also the gentlest way to harvest retail investors. Are you a believer, or the next buyer at the wrong time?