#密码资产动态追踪 Bitcoin's current market environmental protection is actually much more stable than three months ago.

When you see these signals appearing simultaneously, they have historically not been associated with a crash: leverage positions are shrinking, liquidation events are significantly decreasing, and those big holders who truly hold onto their coins are adding positions at low prices. When these three things happen together, it usually means the market is consolidating, risks are being digested, rather than piling up.

Conversely, what is the most frightening scenario? It’s when the price, leverage, and sentiment all surge together, with the market full of borrowed money speculation and FOMO emotions. Clearly, that’s not the current situation. Long-term holders are absorbing chips, short-term borrowers are being pushed out, and the market structure is moving toward a healthier direction.

Do you think this logic holds up?