Recently, there have been frequent positive news in the cryptocurrency market: Argentina allows tax payments in cryptocurrency, MicroStrategy continues to increase its holdings of Bitcoin and Ethereum, Circle issues an additional 100 million USDC to inject liquidity, South Korean pension funds are increasing their Bitcoin investments, and Elon Musk's Bitcoin holdings are also increasing. However, the market remains unmoved, continuing its adjustment trend.

This confirms that the core logic of the market is not based on news but rather on supply and demand relationships. Just like if there were only 100 apples left in the world, even with negative expectations of 'new seeds will be cultivated in the future,' short-term scarcity will still drive prices to sky-high levels. News acts more like a catalyst for market trends: in an upward trend, positive news will accelerate the rise, while negative news can only delay but not reverse it; in a downward trend, negative news will amplify the decline, while positive news is unlikely to immediately reverse the downturn, and the restoration of supply and demand imbalance requires time to settle. $BTC $ETH $SOL #加密市场回调