Trading volume hits a new low for the stage, is the market collectively giving up? The truth might be quite the opposite.

On the surface, the current market looks very "Zen": no one is chasing the rise, and no one is panicking. Prices are moving sideways, trading volume has shrunk to the extreme, like a performance with no applause.

But if you think this is "giving up," you might be looking at it the wrong way.

Because the market truly "gives up" when there's a crash + panic + volume surge. Right now, it's calm + restraint + watching.

What does this state resemble? Like a group of investors who just experienced high-intensity volatility, collectively entering "cautious mode." Simply put, they've been educated by the market.

Before, they would rush in at every rise; now, they doubt at every increase. Before, they feared missing out; now, they fear getting trapped.

This creates an interesting situation: everyone is waiting for confirmation, but no one wants to be the first to confirm.

The result is—trading volume keeps decreasing.

But this "collective caution" actually reduces the market's random fluctuations. Once a clear direction emerges, capital will quickly concentrate.

In other words, it's not that there's no market movement now, but that the market is waiting for a trigger.

The problem is: this trigger will appear suddenly.