Who will be pushed without labels? Continuing from the last discussion
2. Weak Driver Game Traps: A Market with "No Collective Decision"
From the analysis of the market structure, #BTC has fallen into a weak driver game trap. Whether it is the main force or quantitative funds, there is no long-term holding intention. Trading behavior has become extremely shortsighted: placing orders, rebounding, exiting; stopping losses, resting, restarting, in a repetitive cycle. You may wonder, why is the account stagnant while the market is moving? The answer lies in the fact that this is a typical "oscillation bloodsucking盘". If you do it right, you only earn 0.5%; if you do it wrong, a single bearish line can swallow two days of profit. This盘 reflects a systemic lack of signals, rather than a lack of opportunities; essentially, it is a liquidity game without a clear direction.
3. The market enters a "Narrative Vacuum Period", where faith supports everything
The current market lacks significant narratives, new themes, and the main assets with logical loops. People rely solely on memories of past bull markets, guesses about future fund rotations, and a faint belief in compound interest to support their positions. The reality is harsh; subjective traders find it difficult to exert their abilities, and systematic traders frequently experience drawdowns, while the emotional value of altcoins is constantly being consumed. Attention spans are getting shorter and shorter, and the market can no longer tolerate slow-growing assets.
4. American Stock Market-like Structure: Volatility Compression + Trend Disappearance + High-Frequency Chair Snatching
The trend of BTC is highly "American stock market-like", characterized by volatility compression, weakened trends, and high-frequency, directionless movement. Beta assets like Ethereum (ETH) and Solana (SOL) have also fallen into crowded structural games, passively pulled back and forth, essentially lacking active capital betting. What you think is oscillation is, in fact, liquidity trapped in a decay cycle.
5. From Macro to Market Behavior: Emotion and Betting are Detaching
From a macro perspective, the American stock market is bloodsucking at high levels, leading to capital outflow from BTC; today, on July 2, gold suddenly surged, partially raising safe-haven sentiments; while the overall cryptocurrency circle shows a mismatch of "strong emotions + shrinking betting". Just shouting for a rise does not equate to betting; although many people are bullish on BTC, the price is hard to rise because people are just watching and not actually getting in; instead, they are waiting for others to buy first.
