Last night, the news that BTC broke $90,000 indeed caused quite a stir in the community. Social circles are filled with various profit screenshots, newbies are eager to jump in, while veteran investors remain silent in the corner. Honestly, my judgment on this market trend is straightforward: those still celebrating now are most likely the ones who will be cut the harshest next.

Why do I say that? It's not that I want to be pessimistic, but I've seen this pattern too many times. Remember the flash crash on Christmas night last year—certain trading pairs suddenly dropped to $24,000, causing tens of thousands of leveraged positions to be liquidated. It turned out to be a liquidity drought-induced glitch. This time, the market is essentially an amplified version of the same logic. Fake breakouts lure retail investors in, then precisely target stop-loss orders.

Let me clarify a concept—what exactly is a liquidity trap? Simply put, when there aren't enough "bagholders" in the market, institutions can use a large sum of capital to artificially push prices up, creating a false breakout illusion. When retail investors are attracted by messages like "breaking $90,000, aiming for $100,000," they follow the trend and buy in. Meanwhile, institutions quietly dump their holdings. The price drops sharply, just breaching retail stop-loss levels. This entire operation allows institutions to complete a perfect low-buy, high-sell cycle, while retail investors chase the high, get stopped out, and exit at a loss. The logic of harvesting profits is crystal clear.

Looking at the current market, my conclusion is very clear: breaking through $90,000 is just surface-level prosperity. If the price really surges above $94,500 later, don’t be naive into thinking this is a genuine breakout—this is precisely the bait set by the institutions.