I recently noticed an interesting phenomenon: Bitcoin surged to around $74,000 in a short period and was immediately hammered down, with many people rushing to cash out profits. This actually reflects a common psychological trap — the belief that once it reaches a certain round number, it’s time to sell.

Looking at the latest data, BTC is now hovering around 74.22K, down 0.18% in 24 hours. This rapid rise followed by a quick pullback is essentially a game between retail investors and institutions. Retail investors see the round number as a signal to lock in gains, but often this is actually the beginning of being trapped.

Many people fall into this mental trap: thinking that cashing out at a certain price point is a victory, but in reality, they miss out on subsequent gains. Instead of fixating on short-term fluctuations, it’s better to understand the market’s long-term logic. Of course, risk management is also important, but purely chasing round numbers usually doesn’t lead to good results.