There is too much noise in the market right now, one moment it's about who bought, the next it's about who sold, which whale transferred in, which dove went long, and then there's the new SEC chairman taking office, and Trump hosting a dinner and calling trades.

But after thinking it over, the fluctuations brought by news are ultimately temporary; at its core, everything is still determined by liquidity. So the question is, besides high-leverage gamblers, who else can buy BTC?

The fear is that this question hinges on whether BTC is following gold or the US stock market.

After pondering, the statement that BTC is no longer following the US stock market feels like a knockoff that has stopped following.