Over the past year, almost all mainstream assets have experienced a historic rally.

Gold continuously hits new all-time highs.
AI concept stocks have exploded vertically.
$NVDA, $MU, $PLTR and other tech giants' market caps have surged by hundreds of billions of dollars.
The S&P 500 and Nasdaq repeatedly hit new highs.
But BTC's performance has clearly lagged behind the pace of global liquidity expansion.
This divergence is starting to become increasingly abnormal.
In previous cycles, Bitcoin was often the first asset to respond after liquidity improved.
And this time, traditional markets absorbed the majority of the funds first.
If future markets begin to experience capital rotation,
When capital flows back into the crypto market, BTC may not remain silent for long.
History does not simply repeat itself,
but the patterns of capital flow are often astonishingly similar.