#比特币价格走势 Seeing Arthur Hayes's rhetoric, I have to calmly remind everyone—don't be blinded by grand narratives.

Quantitative easing, liquidity release, Bitcoin reaching 124,000 or even 2 million—these arguments do sound very tempting. I was led by the nose by similar narratives over a decade ago; every time the big players were bullish, I chased the highs. And what happened in the end? I got trapped tightly. Where is the key problem?

Hayes himself, while talking pretty words, secretly transferred 508 ETH to Galaxy Digital for sale—what is this called? This is called saying one thing and doing another. Would genuinely optimistic investors sell at the rebound high?

My experience is: **Half-listening to analysts who say one thing and do another is enough**.

Indeed, the macro environment is changing; central banks cutting interest rates and liquidity warming are real fundamentals. But from oscillating between 80K-100K to 124K, how many tricks and traps must we go through? Project teams cutting, whales smashing, sentiment reversal—these are most common in the early stages of a bull market.

My advice is: you can believe in the overall upward trend, but never treat the specific price predictions of top influencers as gospel. Set proper stop-loss levels, build positions gradually, and keep good cash reserves—these are a hundred times safer than chasing highs. Living longer is much more important than making quick money.