#BTCBackto100K Bitcoin has sharply risen to 104,000!

Don't let yourself be deceived by this spike. Yesterday BTC reached recent highs, it seems like everything is going well, but in reality, it hides danger.

This could be a "signal of the end of the bubble," or even a "harbinger of a major crash."

Why do I see a bear here?

Global capital markets are entering a stage of systemic risk.

The U.S. has announced the reintroduction of tariffs on Chinese goods, the trade war is escalating, global supply chains are under stress. This is not 2008, but it closely resembles 2007 — systemic risk is growing.

The illusion of rate cuts is shattered, the Fed's stance has shifted to hawkish.

The market initially expected rate cuts starting in June, but Powell directly refuted this: "We have not yet reached the point of rate cuts." This means that the cost of capital will remain high, further complicating risk assets.

Blockchain data: large players are withdrawing assets.

In the last 48 hours, over 20,000 BTC have been transferred from cold wallets to exchanges. Such a scale of movement is never for "long-term holding," but is preparing for a sell-off for cash.