Just look at the market trends over the past couple of days. When Asia opens, all the bulls start cheering and celebrating, as if the bull market has firmly returned. But once the US stock market opens in the evening, BTC turns around and pours a bucket of cold water on everyone.

Speaking of market rules, they are quite clear: during Asian hours, driven by sentiment; during US hours, it depends on solid economic data. Those passionate traders chasing gains during the day often turn into the most decisive escapees at night—this shift can sometimes happen so quickly that it's hard to react.

Ultimately, it's all about liquidity. The scale of funds in Asia honestly can't support a real bull market. So what are the big funds waiting for? They’re waiting for signals from the Federal Reserve, waiting for macroeconomic clarity. This day-night temperature difference is actually the most naked truth of the current market—whoever holds the narrative power, determines the rise or fall.