#贵金属黄金与白银刷新历史高位 The market surge on January 20th was truly fierce—US stocks, US bonds, and the dollar all came under pressure. Bitcoin temporarily fell below the 90,000 mark, and spot market longs over 160,000 were liquidated. Such a level of shockwave, with only a few years of trading experience, can easily cause traders to be left behind.

Interestingly, gold and silver rose at the same time. What does this tell you? Smart money is hedging risks; they know liquidity will ultimately flow into high-risk, high-reward assets. The entire crypto market is like a sieve, flushing out retail investors with poor psychological resilience through significant volatility.

From a trading psychology perspective, institutions create panic through these extreme "long-short three-kill" scenarios. The goal is straightforward—scare off small retail investors who lack resolve and are burdened with mortgage and daily expenses. Who ends up holding the chips they sell? Large funds, big institutions, and patient long-term holders.

But this is the watershed moment. Those who remain unmoved during a crash are the true cycle-aware investors. When the market undergoes major adjustments, it’s often the best time to accumulate. The long-term trend of mainstream assets like $BTC, $ETH, and $SOL remains unchanged. No matter how sharp the short-term knives are, they cannot alter the big picture of the super cycle.

Many ask how to truly profit in this cycle. The answer is simple: the more times you've seen a multiple increase, the more you should be able to withstand corresponding retracements. If you can endure this one, your gains at the next high point will be completely different.