Alas... The heavens have changed, and the cryptocurrency world is unpredictable. In the past two weeks, the spirit of Bitcoin has disturbed the heavens and the earth, causing tremors in the void and revealing many ominous signs.

In the past, when the door to the ETF had not opened, the journey of Bitcoin still had a natural state. Although the fluctuations were quite large, it still followed the rhythm of yin and yang and the common principles of retail investor games.

Now, with the ETF established, many giants are lurking in the shadows, revealing themselves one after another, and manipulation techniques are emerging endlessly.

These manipulators borrow news to stir the winds and clouds, either using 'regulatory whispers' or spreading 'interest rate rumors', quietly operating at midnight, pulling prices up suddenly and crashing them down in an instant, like a howling night wind that is hard to guard against.

From my observation, this is not the method of Chinese practitioners; such operations are mostly derived from Western black magic—American institutions, British hedges, and the ancient gold class of Switzerland all have their suspicions.

In the past, the way of Bitcoin advocated the meaning of 'decentralization', established the principle of 'trustlessness', and laid out the array of 'fair autonomy'.

Now, the heart of the way is no longer ancient; although the nodes are scattered, people's hearts have gathered in the hands of capital behemoths—BlackRock, Grayscale, and Goldman Sachs are all mighty spirits within the cryptocurrency, capable of turning the world upside down and scattering retail investors like ants.