I have considered many possible reasons for the decline, but this wave of liquidity grabbing from traditional finance was truly unexpected. Although the market still operates according to the previous short-term rhythm, I still want to share some thoughts on this logic.

In all financial markets, overall capital itself is not a fixed quantity; its size can be said to be "infinite." However, liquidity itself has a certain quantifiable amount, which can measure roughly how much capital in the entire market can be "mobilized."
As we mentioned in previous articles, the Bitcoin market itself is a market asset based on consensus, with liquidity as the core of trading. In other words, if we regard liquidity as a "target," then Bitcoin under certain conditions can be seen as a reference "indicator" of market liquidity.
Capital in the market flows from one "full-force" target to another, which can only indicate one thing — the available liquidity has decreased. If this liquidity cannot be released in subsequent stages, then similar driving forces in the future will become weaker and weaker, until $BTC ‌$ETH ‌ liquidity is completely tightened.
It is foreseeable that the final surge will be the "last dance" after the carnival.
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