I said earlier that BTC is already a junk asset, and that the crypto industry will gradually die out. BTC is not moving from a bull market to a bear market—it’s currently slowly heading toward extinction. A lot of people are blindly attacking it. Take a look at this market: when the whole world is rising, BTC is falling; when the whole world is falling, BTC is plummeting hard. BTC doesn’t anchor itself to any stable assets—it anchors only to risk. The fact is: no matter where there’s risk, BTC will crash along with it. People in the crypto space focus on interest rate hikes and cuts, but there’s no stable logic behind it. Look at what exchanges in the crypto world are doing— they’ve abandoned BTC and the crypto sector and moved to trade U.S. stocks. I’ll ask you: if Binance’s trading volume is 90% stocks, can BTC still exist? The exchange’s focus is the barometer of the market’s direction.