$BTC The new high in U.S. stocks ≠ BTC bull return, I’ve been through this bowl of noodles before.

Watching U.S. stocks rise every day, many crypto enthusiasts are shouting for a bull comeback—does this script look familiar?

Just like during this round of the bull market when BTC kept surging, how many people thought altcoins would follow? What happened then?

I’ve suffered losses before, so today I’ll say something blunt: don’t take the optimism in U.S. stocks as a reason to go long on Bitcoin.

Just look at the trading volume to understand.

Since BTC entered a bear market, the volume during declines has been much larger than during rebounds. Especially in the past three weeks, the three-day rebound volume is pitifully weak.

With this buying pressure, does it look like a bull return?

The truth is often counterintuitive: the optimism brought by new highs in U.S. stocks is precisely the most comfortable breeding ground for the main players to distribute their holdings.

Retail investors think “the external market is good, BTC should surge,” while the big players are just dumping their holdings onto you.

This isn’t a bull return; it’s a trap to lure more buyers.

My strategy remains unchanged: if there’s no genuine breakout with volume, I don’t chase.

When volume shrinks during a rebound, just watch the show.