Bitcoin has failed! After breaking through 100,000, it lies flat in place, the bulls are all confused, and the bears are eager to act!

After Bitcoin surged to 104,000 USD, it just lay down in place, the upward momentum stopped instantly, turning into a scene of 'high-level corpses.' The trend has been embarrassingly weak over the past few days, the bulls have started to question their existence, while the bears are secretly rejoicing.

The culprit behind this? The derivatives market is up to no good! The net position has been in negative territory, indicating a surge in selling pressure and buyers keeping their distance. Traders have no faith in hitting new highs in the short term, and market sentiment is frozen cold.

Analysts directly point out: this market is just a group of people testing each other's limits, both bulls and bears are watching, and no one dares to stick their neck out. You go long, I go short; you drop, I watch the show, it's essentially a stalemate among gamblers.

Although some people talk about technicals saying 'bullish pennant' and 'pullback consolidation,' don’t forget — faith cannot support the market; sentiment is key.

Don’t be fooled by the calm; this is just the dead silence before the storm. The next wave of volatility may tear everything apart and overturn everyone. Remember: the quieter the market, the more violent it often is!