Bitcoin isn't just about buying and selling; it's about positioning. Even during the period when it was trading between around $54,000 and $61,000, something important was actually happening in between. Looking at the flow of capital, during times of increased uncertainty, there was indeed movement into gold. But Bitcoin's structure remained intact.

This is a crucial point. Smart money isn't fleeing; it's simply reallocating. Even when the price was in the $54,000 range, savvy funds weren't stopping their movements. While the price has risen significantly now, understanding what was happening during that process is key to reading the next move.

When liquidity genuinely starts to return, where will it concentrate first? Considering this, I believe Bitcoin is still just in the early chapters. When market sentiment shifts, where will the first reaction come from? I think the answer is already visible. The story of Bitcoin is far from over. In fact, I believe the real phase is just beginning.