#BTC The Trap of U.S. Stock Marketization: Stability ≠ Opportunity, Structural Congestion is the Killer
In the market of 2025, we are experiencing a long and hidden process of de-bubbling, quietly exiting over the course of time. The focus of people's attention has shifted from 'year' to 'month', then to 'week', 'day', and even to hourly rotations.
Bitcoin (BTC) is at the core of this wave, rapidly undergoing a transformation towards U.S. stock marketization — seeming to become 'mature assets' with stability, institutionalization, and ETF-ization, yet actually falling into the traps of liquidity dilemmas and gaming deadlocks.
1. Stability is an illusion, structural congestion is the truth
You might think BTC has been performing 'stably' recently, however, stability does not equal safety, nor does it represent a good opportunity to make money. The current volatility structure of BTC is increasingly similar to that of U.S. stocks, showing a pattern of dropping five points and pulling back three points, lacking continuity and trend, filled with high-frequency gaming and structural siphoning.
More critically, this trend is not due to capital inflow, but rather because capital cannot exit and people are afraid to act rashly. On the surface, it appears to be oscillating, but in reality, it is the result of liquidity stagnation and leverage withdrawal.
