Recently, Bitcoin has been showing quite a bullish movement. Generally, when there are negative factors like "extreme fear" in the market or strong employment data, cryptocurrencies tend to be sold off, but this time, it’s holding its value despite those factors.

From a market psychology perspective, it might be that the market is starting to recognize Bitcoin’s resilience. Unlike governance tokens, Bitcoin is increasingly viewed as having its own recovery strength, even while being influenced by macro factors. Even with a strong employment market, it no longer necessarily leads to a decline in the crypto market.

During these times, you can see how the market is evaluating Bitcoin. It seems that the perception as a pure store of value, different from governance tokens, is deepening. Depending on how things develop from here, if this resilience continues, it could lead to an interesting phase.